Participated · Series C · Oct 2022

Founded in 2018 and headquartered in Tel Aviv, Vesttoo built an alternative reinsurance and risk-transfer marketplace that connects insurance portfolios with institutional capital. Its technology suite includes data-science models, automated deal-structuring tools, index-calculation frameworks, and risk-management analytics that price and package insurance-linked securities. The company focused on non-catastrophe lines, giving insurers capital-market capacity while offering investors uncorrelated yield opportunities. Vesttoo employed 71 people and, by May 2023, was valued at approximately $2 billion after raising $103 million in equity funding. The most recent capital came in an $80 million Series C round completed in October 2022. Although the firm has since fallen into deadpool status, its platform demonstrated the potential of AI-driven insurance securitization. Lessons from its technology and governance continue to influence emerging risk-transfer solutions.

Led · Series C · Sep 2021

TransferGo is a U.K.-based fintech that operates a consumer platform for global remittances, emphasizing fast, consumer-centric transfers. Its product promises around 90% instant settlements and 24/7 instant capability, and the company highlights user-facing features such as strong Trusted Reviews. Management says the business has been profitable over the past year, with limited burn mainly from marketing, and still holds proceeds from its prior funding. TransferGo plans to use new capital to accelerate expansion across the Asia‑Pacific region and win customers from incumbents. The company faces competition from large players like Western Union as well as newer challengers such as Remitly and Wise. TransferGo has addressed regulatory issues after receiving a €310,000 fine from the Bank of Lithuania for AML failings and reports it closed procedural gaps and received positive feedback following mediation. TransferGo is a UK-based money transfer fintech founded in 2012 that connects more than 3.5 million customers across 160 markets. The company focuses on remittances and cross-border payment options for migrants and international senders. TransferGo recently completed a €6 million secondary share sale to bring in Nordic and Baltic investors and to support its expansion. The firm plans to scale its workforce, open new offices, launch new send and receive markets, and build additional pay-out options. TransferGo announced a $50 million Series C in September of the prior year and cites the World Bank estimate that the global remittance market is worth over $500 billion. CEO Daumantas Dvilinskas said the transaction both returned capital to stakeholders and strengthened the company’s position for further expansion and payment innovation. TransferGo is a cross-border remittance service that connects 3.5 million customers across 160 markets. It has processed over 13.5 million international and local transactions, representing roughly USD 6 billion in aggregated volume. The company has demonstrated consistent 80% year‑over‑year growth since launch. Since launching in 2012, TransferGo has grown to a workforce of over 200 people. The new funding is intended to expand the customer base across Europe and further develop the product offering to support ambitious growth targets. VEF describes TransferGo as one of its early investments and its third-largest holding, reflecting continued investor support. TransferGo began in 2012 as a money-transfer service and has since shifted its focus to real-time cross-border payments and remittances. The platform serves consumers, SMEs and enterprise clients and now has over 2.5 million customers. The company offers instant payments and has expanded its geographic reach, announcing launches in 11 new markets including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. TransferGo recently partnered with Visa to enable global pay-out to cards. Management (CEO and co-founder Daumantas Dvilinskas) is pursuing further international expansion. Financially, the company has completed multiple financings this year to support growth and market entry. TransferGo is a London-based international money transfer service founded in 2012 that focuses on fast remittances, primarily serving migrants who send money home. It positions itself as one of the fastest services, offering cross-network transfers and claiming to guarantee pan‑European deliveries within 30 minutes. The product features multiple pricing tiers (free/low-cost for slower transfers and paid options for guaranteed arrival times) and a white‑label "Remittances as a Service" API for MSBs, banks and marketplaces. TransferGo says it has surpassed two million customers and facilitated more than seven million transactions. The service can send money to over 65 destination countries and from 33 origin countries, and the company has launched in 11 new markets including Japan, New Zealand, Saudi Arabia, Singapore and Ghana. TransferGo reported 30% growth over the COVID‑19 lockdown period and a significant uptick in daily remittances, with fast growth in markets such as India, Turkey, Ukraine and Nigeria.

Led · Equity · Sep 2021

MarketFinance operates an online lending platform focused on helping small and medium-sized UK businesses smooth cash-flow and fund growth. Its core offerings include invoice finance, business loans, and the newly launched Flex Loans, an unsecured revolving facility of up to £100,000 that can be drawn down and repaid in instalments over 3–12 months. The company has been accredited by the British Business Bank to issue Recovery Loan Scheme (RLS) facilities of £50,000–£250,000, having previously deployed £250 million under the Coronavirus Business Interruption Loan Scheme. Management states that increased digital demand drove the business to profitability in 2021 H1 and that it intends to lend a further £250 million through the RLS. MarketFinance ultimately targets nearly one million UK SMEs facing short-term funding gaps. The latest capital raise bolsters its balance sheet to support expansion of both Flex Loans and RLS lending.

Participated · Equity · Oct 2015

Founded in 2013, Petnet develops connected pet-feeding products that combine vet-approved information with local sensors to recommend what, how much, and when pets should eat. Its core hardware includes the SmartFeeder automated feeder and the SmartBowl, which notifies users when they've poured the correct amount while leaving feeding manual. The company positions itself around delivering a personalized pet care experience that extends beyond feeding into other areas of pet care. Petnet aggregates veterinary guidance and sensor data to help owners address common issues like pet obesity. The business is expanding distribution through retail partnerships to increase nationwide reach. The company recently raised funding to support that expansion. Petnet is a consumer-facing home automation company whose mission is to deliver the freshest and most compatible food possible to pets. Its core product, the SmartFeeder, combines artificial intelligence, robotics, sensors and networks to learn a pet’s age, weight and activity and autonomously create a caloric profile. The SmartFeeder tracks household food supply and preemptively orders food from suppliers so deliveries arrive as needed and are not stored in a warehouse for more than one day. Petnet aims to digitize and automate the pet food supply chain to reduce lead times (it says it has taken three to four months off the supply chain), improve food quality and lower costs for owners and manufacturers. To support this strategy it raised $4M in a financing involving Black River Ventures, Aspiration Growth, iRobot and the Amazon Alexa Fund to build out its digital supply chain ecosystem and commercialize the SmartFeeder. The company notes market tailwinds—nearly 70 percent of US households have a pet and pet owners spent nearly $24 billion on pet food in 2014—and its SmartFeeder won a 2015 CES Innovation Award. Petnet's core product is the $199 SmartFeeder, an Internet of Things pet food dispenser that uses intelligent sensors, learning algorithms, and onboard processing to assess dietary needs and create custom feeding schedules. The SmartFeeder alerts owners when pets have been fed and can remind owners to reorder food. Demand appears strong: Petnet reported over 10,000 pre-orders and plans to begin shipping the product mid-year. The company participated in Bolt, a Boston hardware incubator, where it received initial funding. Petnet intends to use its seed financing to commercialize SmartFeeder, enhance the product's technology, hire staff, and develop additional projects. CEO Carlos Herrera has also expressed an interest in mentoring high school students in the Los Angeles Unified School District.