Participated · Series A · Nov 2021

Upland is a web3 metaverse platform mapped to the real world that aims to build a digital open economy. The platform supports virtual property trading, world‑building, collecting, competitions (including car racing), and storefronts operated by metaverse entrepreneurs. Its ecosystem uses UPX as a medium of exchange and Spark as a utility token to fuel community value creation. Upland reports over 3 million registered accounts, nearly 300,000 landowners, and more than 6 million NFTs sold. The company says it will use new funding to advance its roadmap and introduce platform components and features that leverage artificial intelligence. Upland maintains offices in Palo Alto, Las Vegas, Ukraine, and Brazil. Uplandme operates Upland, a metaverse built on blockchain that sits on top of the real world and enables users to play, earn and connect while ensuring true ownership of digital assets (NFTs). The product is available on iOS, Android and the web and follows an open market economy model for virtual properties. Since open beta in early 2020 the platform has opened 13 U.S. cities, attracted over 100,000 virtual landowners and recorded more than 2 million NFT purchases; San Francisco and Manhattan virtual land parcels have been sold out. The game sees more than 60,000 daily active users who buy, sell and trade virtual properties, build houses, complete collections and participate in events. Founded in 2018, the company plans to use the new funding to grow teams in the U.S. and Europe and to invest in brand partnerships and user acquisition. The company’s reported valuation after the round is $300 million. Uplandme builds Upland, a blockchain technology–based digital property trading game that blurs the boundaries between real and virtual worlds. The game uses an in-game currency called UPX to power its economy; players can complete property collections, use location-based features and trade properties on a marketplace. Upland launched a closed beta in June 2019 that lets early adopters buy virtual properties in San Francisco, and the company maintains a wait list for beta access. Founded in 2018 by Dirk Lueth, Mani Honigstein and Idan Zuckerman, Uplandme is focused on completing initial development and moving toward a public launch. The company raised a seven-figure funding round to support that initial development and launch; no revenue or user metrics were disclosed in the article.

Participated · Series C · Aug 2021

CoinDCX operates a crypto-asset trading platform that lets retail customers buy, sell, and store digital currencies. As of July, the exchange counted over 20.4 million users who held customer assets exceeding ₹100 billion (≈ $1.12 billion). The company posted annualized group revenue of ₹11.79 billion (≈ $133 million) and annualized transaction volume of ₹13.7 trillion (≈ $154.6 billion). After acquiring BitOasis last year, CoinDCX expanded its footprint across the Middle East and North Africa. The firm plans to use new capital to enhance products, accelerate user growth, push into additional geographies, and deepen crypto-education initiatives. Despite its growth, CoinDCX recently weathered a July security breach that resulted in a $44 million asset loss. The latest funding pegs its post-money valuation at $2.45 billion, up from $2.15 billion in April 2022.

Led · Equity · Jul 2021

Chintai builds capital markets infrastructure using blockchain technology, offering a Blockchain Platform-as-a-Service (BPaaS) one-stop solution to optimize capital markets operations. Its regulated platform is licensed by the Monetary Authority of Singapore. The product suite includes dynamic security token issuance, secondary trading, and automated compliance infrastructure for regulated digital assets. Chintai’s platform incorporates a proprietary Sentinel-AI automated compliance engine and supports end-to-end white-labeling for enterprises. Led by CEO and founder David Packham, the company aims to bridge the gap between businesses and compliant blockchain technology. It recently received an investment from B1 and intends to use the funds to accelerate growth as it launches its core regulated platform. Chintai is a Singapore-based provider of a blockchain technology platform for compliant tokenization of traditional financial assets. Led by David Packham, the company targets asset managers, banks and enterprises with a product suite that enables regulated assets such as securities, debt and real estate to be tokenized. It uses Block.one's open source EOSIO protocol to provide compliance-enabled digital asset technology for issuance, secondary trading, automated market making, cap table management, custody and more. The company will use proceeds from its recent fundraising to expand its business reach and development efforts. Chintai raised $7.5M in a seed financing round reported in August 2021.