Participated · Series A · Jul 2026

LemonEdge builds a fund accounting platform for private markets that consolidates legacy processes into a single system of record, emphasizing automation, auditability and governance. The product leverages AI to drive modern investor reporting and analytics and to reduce time spent on traditional fund accounting tasks. Leadership mentioned in coverage includes David Thomas O'Malley and Gareth Hewitt. The company raised a $21 million Series A led by Blackstone to support growth and product development. Investor commentary indicates confidence in LemonEdge's product-market fit in private markets fund accounting.

Participated · Series B · Jan 2026

Talos offers a unified platform that connects institutional investors to exchanges, OTC desks, prime brokers, lenders and custodians for liquidity sourcing, price discovery, trading, settlement and portfolio management. Its software-as-a-service tools are engineered to meet institutional requirements for performance, safety and reliability across front-, middle- and back-office workflows. Over the past two years the company has roughly doubled both revenue and its client base annually, underscoring accelerating institutional adoption. Talos has widened its capabilities through the acquisitions of Coin Metrics, Cloudwall, Skolem and D3X Systems, adding data, risk management, DeFi infrastructure and portfolio engineering functionality. Looking ahead, the firm plans to broaden its product set from portfolio construction and risk management to treasury and settlement, and to support traditional asset classes as they migrate onto digital rails. Headquartered in New York, Talos positions itself as the foundational infrastructure layer for the next generation of financial markets.

Participated · Equity · Dec 2025

Digital Asset builds and operates the Canton Network, a public, permissionless Layer 1 blockchain that provides protocol-level privacy and confidentiality guarantees and runs applications written in its open-source smart contract language, Daml. Canton is designed to enable tokenized asset workflows across multiple parties while keeping transaction data confidential, and it has attracted marquee institutional participants including Visa, Goldman Sachs, and DTCC. The network has processed or issued more than $6 trillion in tokenized assets according to prior reporting, and Visa became a Canton Super Validator and added Canton to a stablecoin settlement pilot. The Canton ecosystem has also seen activity such as a $540 million raise by Canton Strategic Holdings (formerly Tharimmune) to build a Canton Coin treasury and a project called Zenith completing atomic swaps between Canton and an EVM-compatible environment. On the financing front, Digital Asset raised $135 million in June 2025 and $50 million in December 2025, and is now pursuing a roughly $300 million round led by a16z crypto. The company is backed by trading firms and banks including DRW Holdings and Citadel Securities.

Participated · Series E · Jul 2025

iCapital provides an end-to-end platform and marketplace that unifies onboarding, document workflows, performance data, compliance, and distribution for alternative assets, structured investments, and annuities. The company offers Enterprise Solutions, Technology and Data Services, AI-powered tools, and a digital marketplace to support wealth managers, advisors, and asset managers. iCapital says it has invested more than $700 million into its platform since inception and has completed 23 strategic acquisitions to date. It reports $945 billion of assets serviced on its platform, including $257 billion in alternative platform assets, $203 billion in structured investments and annuities outstanding, and $485 billion in client assets reported on. The firm supports over 750 product providers, more than 3,000 wealth management firms, 114,000 active financial professionals, and hosts 2,100 funds on platform, while employing about 1,875 people across 16 global offices. iCapital reports consistent operating profitability and plans to deepen technology, data, and acquisition-driven geographic expansion to further scale its offerings. iCapital Network operates a global fintech platform that streamlines access to private equity, private credit, hedge funds, structured notes, and other alternative investments for wealth management and asset management channels. Its flagship platform combines curated product menus, diligence and research, advisor education, compliance, and portfolio analytics to simplify workflows and lower minimums for high-net-worth clients. The company has expanded its product set to include structured notes and broadened offerings for accredited investors. iCapital reported platform assets of more than $104 billion and a global headcount of over 700 employees, with international platform assets of about $22 billion. It maintains offices and teams outside the U.S., including locations in Zurich, London, Lisbon, Hong Kong, Singapore, Tokyo, and Toronto. iCapital plans to use new capital to enhance its platform technology, expand strategy and product breadth, and pursue strategic acquisitions to broaden client capabilities. iCapital Network is a financial‑technology platform that provides end‑to‑end technology and services to broaden access to private market and alternative investments for wealth advisors, asset managers, banks and high‑net‑worth clients. The company offers a curated menu of private equity, private credit, hedge funds and other alternatives, together with advisor education, compliance, portfolio analytics and diligence capabilities. Proceeds from the latest capital raise will be used to enhance platform technology, expand the breadth of strategies and product types, grow the team, develop market‑leading technology solutions and pursue strategic acquisitions. Since its prior round in March 2020, iCapital has grown platform assets from $46 billion to more than $80 billion, doubled headcount, completed five acquisitions, launched over 45 white‑label partnerships and widened its international footprint. As of June 30, 2021, iCapital services more than $80 billion in global client assets across more than 780 funds and employs over 450 people. The company was founded in 2013 and is headquartered in New York City. iCapital Network operates a modular, end-to-end fintech platform that provides configurable subscription, administration and reporting workflows for private equity, private credit, hedge funds and other alternative investments. The firm’s flagship marketplace offers advisors and high‑net‑worth clients access to a curated menu of private funds at lower minimums plus due‑diligence and administrative support. iCapital’s platform is used by asset managers and banks to scale private-investment operations and to replace or enhance legacy systems. The company said the new capital will be used to enhance platform technology, expand functionality, deepen market education efforts, grow the team and support international expansion across North America, Asia, Europe and the Middle East. As of December 31, 2019, iCapital serviced $46.6 billion in invested capital across more than 100,000 underlying accounts, 470 funds and 55 white‑label partnerships, and had a headcount of 218. The financing strengthened iCapital’s balance sheet to operate as an independent company and continue product and global growth initiatives. iCapital Network provides a modular, end‑to‑end technology and service platform designed to streamline access to private equity, private credit, hedge funds and other alternative investments. Its configurable, highly scalable platform supports subscription, administration, and reporting processes and aims to ease operational burdens and improve the user experience for investors, advisors and asset managers. Banks and asset managers leverage iCapital’s tech‑enabled services to scale and streamline private investments operational infrastructure, while the firm’s flagship offering gives high‑net‑worth investors and independent advisors curated access to private funds at lower minimums with due diligence and administrative support. The company says Blackstone uses iCapital technology to expand access to alternatives in the private wealth segment. iCapital was included in the 2018 Forbes FinTech 50 and, as of June 30, 2018, serviced more than $6 billion in invested capital across more than 14,000 underlying accounts. The firm is positioning its platform as an industry‑standard technology solution for alternative investments and is expanding its strategic investor consortium.

Participated · Series B · Jun 2025

Conquest Planning builds AI-powered financial planning software (its Strategic Advice Manager, or SAM) that performs thousands of calculations to generate personalized, dynamic financial plans for advisors and end clients. The platform supports banks, brokerages, wirehouses, insurance firms and pension providers and is used by more than 1,000 financial services organizations. Conquest offers features for onboarding, robust plan analysis, dynamic content creation, and estate and legacy planning to serve both retail and generationally wealthy families. The company has launched SAM Bytes to engage self-directed investors and foster advisor relationships during key planning moments. Conquest says it counts more than 60% of the Canadian financial advisor market as users, is rapidly gaining adoption in the U.S. and U.K., and has nearly 1.5 million plans created on its platform. It plans to use new funding to accelerate U.S. expansion and continue evolving its AI planning capabilities. Conquest Planning is a product-led financial planning software company founded in 2018 and based in Winnipeg, Manitoba. Its core product is an intuitively designed platform that uses data-driven AI and an AI-based strategic advice manager (SAM) to help advisors build flexible, hyper-personalized financial plans quickly. The platform aims to reduce the time advisors spend creating plans and to improve interoperability with CRM and other tech stacks. Conquest has forged relationships with tens of thousands of advisors in Canada and is expanding into the United States and the United Kingdom. The company serves retail investors and high-net-worth families by making personalized planning accessible at scale. Most recently it raised $24 million (CAD) in a Series A and has almost $35 million (CAD) in total funding to date to support UX investments and international expansion. Conquest Planning is building AI-driven financial planning software designed to help advisors and consumers understand the impact of financial decisions and create personalized plans. The company aims to simplify and modernize a complex planning process to make it more approachable. Conquest plans to bring its product to market later this year and to expand its current team of around 20 employees in advance of launch. The startup was founded in 2018 and is based in Manitoba. Mark Evans, president and CEO and former head of EISI, leads the company and emphasizes increasing accessibility to financial planning. Financially, Conquest has raised seed capital to support its market entry and growth plans.