Led · Equity · Sep 2025

Kodiak Copper is a Vancouver-headquartered explorer focused on discovering and developing large-scale copper-gold porphyry deposits in North America. Its flagship MPD project in British Columbia is the primary beneficiary of current exploration spending, with a maiden resource estimate slated as the next major milestone. Additional funds are earmarked for follow-up work at projects in Arizona, underscoring the company’s broader continental footprint. Kodiak does not yet produce revenue; its valuation hinges on successful drilling, resource delineation and eventual project development. Management recently strengthened the balance sheet with an US$8 million private placement to support these objectives. The raise used charity flow-through and common equity structures to maximize tax efficiency for Canadian exploration expenditures. CEO Claudia Tornquist notes that the financing provides the runway to accelerate drilling, metallurgical studies and other technical programs while acknowledging the inherent risks of early-stage mineral exploration.

Led · Equity · Oct 2021

Q5id offers a patented, multi-factor identity management platform that uses a smartphone app to enroll users and let consumers authenticate with unique biometrics in seconds across multiple industry verticals. The company’s core product is a proven identity proofing solution designed to streamline authentication for transactions. Q5id is led by CEO and founder Steve Larson. The firm intends to use the new funds to continue enhancing its patented identity proofing platform. Financially, the latest round increased the company’s total equity funding to $25.5M since its 2018 founding.

Participated · Equity · Jun 2021

Rivalry is a Canadian esports and sports betting operator that recently expanded into online casino with its Casino.exe product. The platform lets customers wager on esports matches, traditional sports events, and now casino content, a move management believes will diversify revenue and lessen seasonality tied to esports. In its most recent Q1 results, the company reported rising revenue while trimming operating expenses by 58% following an extensive cost-cutting program. Rivalry’s share price, however, slid from C$1.76 in September 2023 to just over C$0.03 since May, increasing pressure on the balance sheet. To improve its financial position, the firm negotiated a conversion of C$12.5 million in debt into 250.5 million new shares. Management describes the current financing and debt restructuring as the beginning of “Rivalry’s next chapter,” and plans to direct new capital toward corporate development initiatives and working capital.

Participated · Series B · Jun 2020

Capital Markets Gateway (CMG) provides an end-to-end platform for equity capital markets (ECM) workflows. Its flagship products include CMG XC™, an end-to-end real-time bookbuilding platform, and CMG DataLab™, a data intelligence solution offering real-time offering information and historical data. Launched in 2017 by a team of ECM practitioners, CMG's platform is relied on by more than 21 investment banks and 135 asset managers representing over $40 trillion in AUM. In March 2025 CMG closed a strategic $30 million Series C to support growth. The company plans a 2025 expansion focused on enhanced global data capabilities, support for new asset classes, and advancement of straight-through processing (STP) solutions. CMG positions its centralized, real-time platform as an alternative to distributed, asynchronous processes to improve operational efficiency across buy-side and sell-side firms. Capital Markets Gateway (CMG) is a fintech firm that modernizes the equity capital markets by connecting investors and underwriters via a neutral, connected ECM platform. CMG launched XC™, described as the first connected ECM platform in the U.S., and offers DataLab™, which provides actionable market intelligence and data analytics. The CMG XC network comprises more than 100 buy-side investment firms representing $20 trillion in AUM and connects with 10 leading investment banks. The strategic capital raise is being used to support CMG’s launch of XC and the company’s planned global expansion in 2022. CMG’s investors include major banks and asset managers who are also clients, reinforcing product-market fit and driving platform adoption. The company was launched in 2017 and is based in New York. CMG offers a neutral ECM platform that connects buy-side firms and underwriters, providing integrated data, analytics, transparency, and workflow efficiencies. Launched in 2017 and led by CEO and co-founder Greg Ingram, the platform is relied upon by nearly 100 buy-side firms representing $12 trillion in AUM and 15 investment banks. The company is based in New York City. The platform’s current focus is expanding digital connectivity between the buy-side and sell-side in the U.S. capital markets. CMG plans to use new funding to support growth and broaden its solution to be the first U.S. ECM platform to provide that digital connectivity. CMG provides a workflow management and real-time data analytics solution for practitioners across the capital markets trading life cycle, including banks, asset managers and broker‑dealers. The platform is designed to improve transparency and connectivity between investors, issuers and underwriters and to replace inefficient tools like email and telephone. More than 80 leading asset managers, representing over $10 trillion in assets under management, rely on CMG’s platform to streamline transactions. The company was founded in 2015 and maintains offices in Chicago, New York and Seattle. CMG has appointed experienced industry executives to senior roles and is hiring across engineering, product development and sales to broaden platform functionality. The firm says it will use new funding to scale its technology and accelerate product initiatives.

Led · Equity · May 2019

Hemptown USA grows high-grade feminized hemp and produces full-spectrum CBD and CBG crude and distillates, aiming for higher yields than industrial hemp. The company reported a first-year yield of 110,000 lbs of feminized hemp biomass and a projected average gross margin greater than 77% from its 2018 harvest. It is one of the largest CBG producers in the U.S., having purchased 1 million rare CBG seeds for the 2019 growing season and USD$5.5 million worth of Oregon CBD seeds. Hemptown USA is operating on roughly 1,500 acres across Oregon, Kentucky and Colorado with the capability to more than double acreage in 2020 and beyond. Its near-term plans include building out processing and extraction facilities, expanding R&D to farm novel cannabinoid strains (CBC, CBDV, CBGV) through 2022, acquiring a GMP-certified nutraceutical facility, and entering the consumer packaged goods sector with branded products.