Participated · Series B · Oct 2023

Globacap provides a white-label SaaS solution that digitises and automates private capital markets, delivering public-markets-like efficiency for private transactions. Its digital workflows enable financial institutions including securities exchanges, securities firms, private banks, and asset managers to accelerate commercial activity and reduce operating costs. The platform has hosted 70+ private placements, executed $350M+ in secondary liquidity with automated settlement, and administers $14B+ of private securities. The company is led by co-founder and CEO Myles Milston and co-founder and CCO Alex Green. Globacap plans to use new funding to ramp up marketing and sales, expand into new geographies, and invest in product development to grow its customer base. The business is based in London, UK. Globacap is a London-based fintech that digitises private shares and debt instruments and aims to automate private capital markets. Its private placement platform semi-automates the offering process, covering documentation, distribution, AML, tracking, bookbuilding and settlement. The company is authorised and regulated by the FCA. Globacap claims over $3 billion of private shares and debt instruments are digitally administered on its platform for 60 companies and more than 8,000 shareholders and debt investors. It completed a $9 million Series A extension to fund the roll-out of this private placement platform. As part of the raise the Johannesburg Stock Exchange led the financing and has signed a commercial agreement with Globacap to launch two private placement platforms in Africa later this year, targeting infrastructure projects and SME investment. Globacap is a London, UK-based regulated blockchain securities issuance platform. Its automated platform streamlines the capital raising process from start to finish while issuing debt and equity securities as blockchain tokens. The company aims to provide SMEs with a new route to access global capital and to bring the ICO form of capital raising into the regulated mainstream. Globacap closed an $800K seed round and intends to use the funds to finalize and launch the platform. Investors received regular shares that will become equity tokens at its Digital Security Offering (DSO) in July, which the company says will be the first regulatory-supervised equity issuance on blockchain and will serve as a proof of concept. The platform is scheduled for launch in Q4 2018 and is led by CEO & Founder Myles Milston, COO & Co-founder Paul Thistoll, and CCO & Co-founder Alexander Green.

Participated · Seed · Nov 2022

Util is a London-based sustainability data platform providing evidence-driven analytics for financial institutions. Its core product measures the performance of 50,000 listed companies against the 17 United Nations Sustainable Development Goals and thousands of other sustainability concepts, enabling investors to understand and optimise real-world impact. Customers, including PGIM Quantitative Solutions, Nuveen (a TIAA company), Danske Bank Asset Management, Degroof Petercam Asset Management and a.s.r., use the platform to research companies, report on portfolios and create differentiated financial products. The company raised $6M in a Seed round led by Eldridge to support global expansion and accelerate hiring. Util is actively recruiting for senior roles and recently appointed Riaz Shaikh to lead product development and Mike Goynes as CTO. The platform is positioned to scale its footprint and product capabilities for institutional clients.

Participated · Series C · Apr 2022

Coin Metrics is a Boston, MA-based provider of crypto financial intelligence that supplies network data, market data, indexes and network risk solutions to institutional customers. Led by co-founder and CEO Tim Rice, the company offers a comprehensive suite including on-chain data, a universal block explorer, market data and metrics, indexes and network risk management. The company announced a $35M Series C financing in 2022 and intends to use the proceeds for new product innovation and expansion into adjacent spaces. Following its $15M Series B in 2021, Coin Metrics received SOC 2 Type 1 accreditation from Deloitte. Its product set is targeted at institutions touching cryptoassets and aims to support institutional workflows and risk management. Coin Metrics is a Boston, MA-based provider of crypto financial intelligence that supplies network data, market data, indexes and network risk solutions to institutions touching cryptoassets. Led by co-founder and CEO Tim Rice, the company institutionalized its network and market data offerings over the past 18 months and its index offering leverages elements of both. Its index products have been adopted by Fidelity Investments, Osprey Funds and BlockFi. Recently Coin Metrics launched new products including FARUM™ (a network risk management offering) and ATLAS™ (a universal block explorer), both built on its existing data infrastructure. The company said it will use new funding for global expansion and further product innovation to cover more cryptoasset networks and markets. In June 2021 Coin Metrics raised $15M in a Series B led by Goldman Sachs. Coin Metrics provides transparent and actionable cryptoasset market and network data across multiple formats to financial enterprises, funds, media and research outlets, and data/application providers. The company was founded in 2017 by Nic Carter and Aleksei Nokhrin as an open-source blockchain network data and analytics project and was incorporated in August 2018. Its core product is network and market data feeds and analytics delivered in multiple formats for valuation, research and integration. On 27 February 2019 Coin Metrics closed a $1.9M seed funding round led by Castle Island Ventures with participation from Fidelity Investments, Highland Capital Partners and Dragonfly Capital. The company says it will use the funds to continue to expand operations.

Participated · Series B · Mar 2022

CoinRoutes is a Miami, FL-based algorithmic trading platform that provides institutional clients with pure-play crypto SaaS trading technology. Its product suite includes trading algorithms, market access, transaction cost analysis (TCA), and market data. The company consolidates market data and offers algorithmic trading for over a thousand spot and derivative instruments from more than 50 major exchanges and liquidity providers, operating 24/7. A patent-pending distributed architecture allows clients to retain control over their wallets and keys. Led by CEO Dave Weisberger, CRO Michael Holstein, and CTO Ian Weisberger, CoinRoutes raised $16M in a Series B and plans to use the funds to expand operations and broaden its business reach.

Participated · Series B · Apr 2019

ErisX launched a spot market supporting dollar trading pairs for bitcoin, bitcoin cash, litecoin and ethereum, plus bitcoin trading pairs with the other three cryptocurrencies. Its platform includes both an exchange and a clearinghouse, allowing custody of cash and digital assets. The company says the spot launch is an initial step toward broader plans to offer futures, which are pending regulatory approval of its derivatives clearing organization (DCO) application with the CFTC. ErisX is continuing to build out its exchange and clearinghouse technology stacks and to onboard clients. Management expects customers for both spot and futures markets in the coming months as the platform develops. The company has been fundraising to support that development and has also added NYDIG COO/CFO Rob Flatley to its board alongside ConsenSys' Joseph Lubin. ErisX operates a single platform for individuals and institutions to access digital asset spot and futures markets, combining professional trading tools with regulatory oversight. The company plans to enable trading of cryptocurrencies such as Bitcoin, Litecoin, and ether on both spot and futures markets starting next year, pending regulatory approval. ErisX intends to operate as an intermediary-friendly, CFTC-registered futures exchange with a clearing organization registration pending, and to run a regulated spot market for digital assets. The firm emphasizes security and regulatory compliance as core differentiators for institutional and individual participants. Leadership includes CEO Thomas Chippas, chief commercial officer Kelly Brown, and Head of Clearing Liz James. Financially, the company recently completed a Series B round to fund platform development and team expansion. ErisX is launching a derivatives exchange (DCM) and clearing organization (DCO) that will offer fully regulated digital asset futures and spot contracts on a single platform. The platform is designed to provide a regulated, transparent and stable venue with centralized exchange infrastructure for institutional and individual traders. ErisX plans to integrate digital asset products and technology into compliant capital markets workflows and to accelerate investments in the platform and team following a recent funding round. Leadership changes accompanying the launch include Thomas Chippas as CEO and Neal Brady as Executive Chairman. The company is backed by a broad syndicate spanning traditional capital markets and digital-asset investors, which the team says will contribute expertise and market input. Aspects of the offering are pending regulatory approval; no revenue or user metrics are disclosed in the announcement.