Participated · Seed · Jul 2025

Stable has built Stablechain, a purpose-built blockchain that delivers sub-second finality and low transaction fees for stablecoin transfers. Its core mission is to solve the infrastructure bottlenecks that have limited real-world adoption of stablecoins, particularly for cross-border commerce. The company focuses on emerging markets where access to dollar-based payments can have the greatest impact, positioning Stablechain as a rails provider for everyday transactions and financial products. By integrating PayPal’s PYUSD onto Stablechain, Stable plans to broaden liquidity and speed for users sending or spending digital dollars. The firm envisions unlocking new commerce use cases, expanding beyond crypto-native activity into mainstream payments. Although no operating metrics or revenue figures were disclosed, the partnership with PayPal Ventures signals commercial validation and potential acceleration of Stable’s market reach.

Led · Series E · Feb 2025

Tabby started as a BNPL pioneer in the Middle East and has broadened into online and in‑store payments and wider financial services. Its core products include online/in‑store BNPL, the Tabby Card for flexible spending, Tabby Plus subscription rewards, and Tabby Shop for longer‑term payment plans. The company says it is profitable, serves 15 million customers, and supports more than 40,000 brands and merchants. Tabby reports annualized transaction volume has doubled to over $10 billion, and management attributes improved profitability to new product launches that increased usage frequency. The fintech has expanded via acquisitions such as Tweeq, a Saudi digital wallet provider, and is building digital accounts, payments, money‑management tools and remittance offerings. It serves major merchants including Amazon, Adidas, IKEA, Samsung, and Noon and is positioning itself to scale into a broader financial ecosystem. Tabby operates a buy now, pay later platform and is described as the top financial services and shopping app in the Middle East and North Africa. The company securitized up to $700 million in receivables via a J.P. Morgan-led pre-IPO asset-backed debt facility, the largest such fintech deal in the region. It also concurrently extended its Series D financing to close $250 million with participation from Hassana Investment Company, Saudi Venture Capital (SVC), and Soros Capital Management. The financings strengthen Tabby’s balance sheet and provide additional capital to support expansion of its financial services and shopping products. Tabby serves roughly 10 million customers and 30,000 retailers and will use the proceeds to amplify reach, market penetration, and product innovation. Company leadership framed the securitization as a regional milestone reflecting rapid growth in the fintech landscape. Tabby provides BNPL checkout and in‑store payment services across Saudi Arabia, the UAE and Kuwait, working with more than 30,000 brands and serving over 10 million users. The company claims profitability and reports a threefold revenue growth, with an annualized transaction volume of over $6 billion. Tabby has expanded product offerings including Tabby Cards (adopted in over 4,000 stores) and Tabby Shop, which showcases over 500,000 products. Management moved the headquarters from Dubai to Riyadh and is preparing for a potential IPO on the Saudi exchange. The startup says it will invest further in its core markets and roll out additional credit and financial‑services products such as payments and savings. Tabby is a shopping and financial services app in the MENA region offering buy-now-pay-later and related consumer finance products. Its core product is a BNPL service integrated across online and offline retail, supported by the Tabby app and Tabby Card. The company reports over 4 million active customers, more than 20,000 daily installs, over 5 million monthly store visits, and over 280,000 Tabby Cards issued in the UAE. Tabby partners with over 15,000 businesses, including major retailers such as H&M, Adidas, IKEA, SHEIN, noon, and Bloomingdale’s. It is active in Saudi Arabia, the UAE and Kuwait and says it is valued at $660 million in its latest equity round. The additional financing will support its core BNPL business and enable serving more customers, retailers, and purchases. Tabby operates a BNPL platform that lets users make flexible, cost-free installment payments both online and in-store with global and regional retailers. The company has expanded beyond Saudi Arabia, the UAE and Kuwait to include operations in Egypt and recently launched a cards program. Tabby says more than 3 million users now shop with the service across 10,000+ brands, and it has issued over 150,000 Tabby Cards with in-store sales representing more than 10% of volumes. Revenues have increased fivefold over the past year. The company plans to expand its product line into a broader set of consumer financial services and has begun offering a product for everyday purchases that lets customers without credit cards pay at the end of the month. Tabby has raised capital and is positioning to deepen engagement as customers transact more frequently.

Led · Series F · May 2023

GetYourGuide operates a marketplace for discovering and booking in-person travel and tourist experiences, listing about 75,000 experiences from roughly 16,000 providers. Its core product is human-led group tours; the company has tested virtual and self-guided formats and decided to remain focused on person-led experiences. GetYourGuide sells experiences via its app and reported roughly 25–30 million tickets sold between 2019 and 2020, with Q1 2023 booking volumes about four times those of Q1 2019. Management says the company is “on the route to profitability” in many major markets. The company has added AI features such as a ChatGPT integration to improve natural-language search and plans to use more AI and technology to improve discovery and personalization. During COVID it cut about 20% of staff, secured a $133 million convertible note it ultimately did not exercise, and has since seen strong recovery in bookings. GetYourGuide operates a platform that curates, organizes and enables booking of tours and experiences. The company has pursued growth through in-house Originals tour operations and may invest in services for last-minute bookings. It recently secured a €80 million ($97M) revolving credit facility to give it flexible, non-dilutive access to capital. In October it closed a $133 million convertible note, and it has raised more than $600 million in equity capital since 2009, including a $484 million Series E in 2019 that valued it well over $1 billion. The platform has passed 45 million ticket sales in aggregate, though growth slowed (only +5 million in 10 months). Management says GetYourGuide has reinvented internal processes, is operating more efficiently and is "fully funded to profitability," with sufficient capital even in a prolonged downturn. GetYourGuide curates, sells tickets for, and operates tours and exploration experiences for travelers. The platform has sold 45 million tickets in aggregate, a 5 million increase since January 2020, and saw a 60% bounce in ticket sales in Germany over the summer. The pandemic severely reduced growth and demand, prompting the company to lay off around 100 employees as part of cost-cutting. Management continues to target an IPO in the longer term. To extend runway through the crisis, GetYourGuide raised a large convertible note that will convert into equity at the next priced round. The company was last valued at more than $1 billion after a $484 million Series E in 2019. GetYourGuide operates a marketplace that lets users discover and book tours, tickets for attractions and other activities worldwide via its mobile-friendly app. The company currently offers a catalog of about 50,000 experiences and has sold 25 million tickets to date; its "Originals" first-party tours have passed 40,000 tickets sold. GetYourGuide says its average user age has shifted to roughly 25–40 as it targets younger travelers. The company is expanding beyond short tours into longer day trips and overnight experiences while increasing direct first-party content through Originals. Recent hires include Ameet Ranadive as chief product officer and Nils Chrestin as CFO to drive product and growth initiatives. The business is positioning itself to grow in Asia and the U.S. and to consolidate fragmented supply of tour operators. GetYourGuide is a Berlin-based online marketplace that lets travelers book tours, activities and experiences through a third-party platform. Founded in 2009, the company has passed a cumulative 10 million tickets booked, with nearly half of those booked in 2017, and reports about 15 million unique monthly active users. The business is reported to be very close to profitability while scaling rapidly across Europe and growing fastest in the US. Management plans to invest in personalization and product development, using machine learning and AI to build recommendation features and a mobile "travel companion" experience. GetYourGuide has also built partnerships with airlines such as EasyJet and KLM to leverage profile data for tailored recommendations and better customer targeting. The company is pursuing international expansion (a major push into the US and Asia) and strategic opportunities to capture more of the under-penetrated $150B European travel activities market.

Led · Seed · May 2023

Artifact Labs mints NFTs to create immutable, on-chain versions of historical artifacts and institutional collections, beginning with SCMP front pages from 1997. The startup spun out of the South China Morning Post last year and focuses on building a decentralized marketplace and tooling for museums and cultural institutions. It can mint across Flow, Ethereum, Polygon and BSC, has received grants from Dapper Labs and Filecoin, and bought the source code of Refinable to accelerate marketplace development. Artifact has struck partnerships with RMS Titanic Inc., G.O.D., and the Hong Kong Philharmonic, is in confidential talks with major museums across Asia, and plans geographic expansion to New York, London and Paris. The company monetizes by charging project fees to institutional and IP partners and plans to explore revenue-sharing on future NFT sales; SCMP remains a large shareholder. Operationally it has around 16 staff mostly based in Hong Kong and a Discord community of roughly 17,000 members; it intends to use its recent seed funding to add technical headcount and further develop its stack and marketplace.

Led · Equity · Jun 2022

Just Women’s Sports was founded by Haley Rosen and is based in West Hollywood, Calif.; it produces news, social distribution, athlete storytelling and live events centered on women’s sports. The company has become more active in live activations, staging events such as an annual NWSL championship party and a WNBA All-Star fan activation that drew roughly 600 people in a single day. JWS serves as an official media partner of the NWSL, producing shoulder programming and social content, and in May became an emerging media partner of the WNBA with rights to distribute official highlights and a role around the 2026 All-Star Game. Financially, the company recently closed a seven-figure round from returning investors and has raised about $9.9 million across four rounds per Crunchbase. The firm is using new funding to scale its newsroom, add staff, expand athlete-led programming and grow its events business.