Participated · Series C · Aug 2026

Rillet offers an AI-native ERP platform that integrates structured financial data into a real-time general ledger where AI agents can operate directly against accounting records while preserving audit trails and human approvals. The company positions its platform as a unified environment for humans and autonomous agents to share the same financial context, replacing legacy ERP systems and enabling continuous, real-time finance operations. Rillet reported rapid commercial traction with more than 600 customers and a recent doubling of new annual recurring revenue over a three-month period. Its customer base includes publicly traded companies and fast-growing tech businesses such as Mercor, Function Health and Temporal, and the platform is being used as a replacement for systems like Oracle Fusion, SAP, Workday, Microsoft Great Plains and NetSuite. Rillet is partnering with accounting and auditing firms—most notably an alliance with Ernst & Young announced in early 2026—and is an official partner of over half of the Accounting Today top 20 CPA firms to ensure controls, compliance and auditability. The company plans to expand its product, customer base and market reach to further develop its vision of agentic, real-time finance.

Participated · Series B · Aug 2026

Founded in London by James Dacombe in 2024, Olix develops the X-1 platform that distributes AI model workloads across specialised chips connected by an optical interconnect. Its first chip, the DX-1, is a decode accelerator that the company claims can deliver over 10,000 tokens per second per user on 100-billion-parameter models while using less power for large batches, and is designed to scale to models with trillions of parameters. Olix has over 140 employees across London, Bristol, Toronto, Austin and San Francisco. The company plans to launch DX-1 to initial customers in the second half of 2027 and to ramp platform development and chip manufacturing with the new funding. Olix has rapidly increased its valuation through multiple funding rounds, most recently reaching $3.3 billion after the $312 million raise, up from just over $1 billion in February. The AI chip market in which Olix competes was valued at about $84 billion in 2026 and is expected to grow rapidly through 2030.

Participated · Series A · Jul 2026

Passionfroot operates a marketplace that matches B2B creators with brands and manages creator discovery, campaign execution and payments via a proprietary creator graph and a global wallet. The company released an AI agent called Zest to help brands create, execute and monitor campaigns and to find suitable creators on and off the platform. Over the last year Passionfroot reported 13x revenue growth and has onboarded clients including ElevenLabs, Figma, Replit, Framer, and Gamma. It has paid at least $10 million to creators in the past 18 months. The startup plans to expand its product suite with additional AI features for creators (monetization tips and content ideas) and to build tools to measure campaign impact on AI citations and AI-powered answers. To support growth it is opening offices in New York and São Paulo and increasing headcount from its roughly 15 current employees.

Participated · Series B · Jul 2026

Sereact builds AI software models that give robots general-purpose visual perception and manipulation abilities, and it ships those models to run on a wide range of robot hardware. The company launched Cortex 2, an AI model that trains robots on different physical behaviors so they can select the action most likely to succeed. Sereact says it does not build robots or sell services, positioning its shipped model as the product that runs on single-arm, dual-arm, humanoid and fixed-cell robots. Its technology is deployed with customers including BMW, Daimler Truck, Bol and Active Ants, and real-world deployments generate a data flywheel that improves system performance. The company was founded in 2021, is based in Stuttgart, employs about 100 people, and is using new funding to further develop Cortex 2 and expand into the U.S., including a Boston office.

Participated · Series A · Jun 2026

Founded in 2024 and based in London, Conduct builds AI software that analyses code and configurations across enterprise systems to make legacy ERP systems legible and operable. Its platform uses AI to help companies understand ERP systems, accelerate software changes, support SAP migrations and reduce IT maintenance. Conduct's customers include Daimler Truck, Heidelberg Materials and DHL. The company employs around 35 people and is expanding its engineering and go-to-market teams, including hiring in the U.S. Conduct was founded by three former Palantir employees.