The Venture Codex Logo

The Venture Codex

Cumberland

540 West Madison Street Suite 2500, Chicago, Illinois, 60661, United States

Overview

Cumberland provides financial institutions and high-net-worth individuals with the access they need to capitalize on opportunities in the crypto asset space, while also working to ensure that the ecosystem continues to grow and evolve in a responsible, sustainable manner. Within DRW, a diversified principal trading firm, Cumberland is a specialist crypto asset trading company.

Total investments
15
Lead investments
4
Investments · 12mo
2
Active investors
4

Sector focus

  • Bitcoin
  • Cryptocurrency
  • Financial Services
Visit website

Investment portfolio

  • GoCab

    Participated · Debt Financing · Jan 2026

    GoCab is a London-based mobility and financial services company that combines ride-hailing, vehicle financing, and embedded fintech tools on a single platform. Its core product lets drivers and couriers acquire electric or traditional vehicles via Shariah-compliant, ethical financing structures, integrating repayment with their earnings. The company currently operates in five African countries, employs 120 people, and reports more than $17 million in annual recurring revenue while serving thousands of drivers. Management plans to expand into additional cities, increase the share of electric vehicles in its fleet, and roll out AI-powered credit-scoring and risk-management tools. The platform’s focus on ownership over rental aims to improve driver economics and loyalty. By linking mobility services with financial products, GoCab positions itself at the intersection of transportation and inclusive finance. The recent funding round strengthens its balance sheet with both growth equity and debt capacity to scale operations.

  • Tilt

    Participated · Seed · Sep 2025

    Tilt provides a software platform that enables financial advisors, TAMPs, and RIAs to create customized indices at scale through an AI-driven thematic research workflow. The system’s embedding engine continuously ingests and scores data from SEC filings, news articles, and social media, surfacing both consensus and emerging themes for portfolio construction. Portfolios can be launched with no account minimums, rebalanced at higher frequencies, and priced starting at just three basis points, bringing institutional-grade direct indexing to a broader market. Real-time tax-optimization is built into the service, allowing advisors to meet growing client demand for personalized and tax-efficient investing. With its official launch scheduled behind a waitlist on September 22 at Portage’s Confluence event, the company plans to roll out a suite of tools that deepen advisor–client collaboration. Proceeds from the seed round will expand engineering and go-to-market teams, enhance the tax engine, and scale integrations with fintech platforms and advisory firms.

  • Plasma

    Participated · Series A · Feb 2025

    Founded in 2024, Plasma focuses on infrastructure for stablecoins and initially worked on stablecoin yield strategies and cross‑chain bridging solutions. The company is developing a Bitcoin‑secured sidechain using an Reth‑based EVM and a proprietary PlasmaBFT consensus mechanism to deliver sub‑second finality and high throughput. Core capabilities highlighted include zero‑fee USDT support, intents‑based bridging for interoperability, and security anchored in Bitcoin proof‑of‑work. Plasma’s testnet went live in late 2025 and the team targets mainnet upgrades in Q2 2026 to enable scalable issuance and transfers. The platform positions itself to handle very large on‑chain stablecoin value and has announced partnerships, such as with NEAR Protocol, to address payments, remittances, and merchant settlement use cases. The recent $24 million funding round provides the capital to accelerate product development and broader ecosystem integration.

  • Mintify

    Participated · Equity · Aug 2024

    Mintify has built an NFT order book platform that allows users to discover, mint, and trade NFTs. Led by CEO and founder Evan Varsimis, the platform has seen strong growth, recording 140K active wallets and over 300K transactions in less than a year. Mintify is already deployed to Ethereum, Base, and Blast and plans to add Ordinals and support dozens of ecosystems and chains by the end of the year. The company is also expanding into gaming and digital art and plans to release its token later this year. Mintify intends to use new funding to expand operations and accelerate development efforts. The startup is based in Uniondale, NY and has raised a total of $5M to date.

  • Bluefin

    Participated · Equity · Jun 2024

    Bluefin is a decentralized orderbook exchange built on the Sui network that lets users trade crypto perpetual swaps. The exchange claims to have captured over 70% market share for perpetual trading on Sui and reports more than $25 billion in trading volume year-to-date and monthly revenues exceeding $1 million. Bluefin plans to launch a governance token, BLUE, in July with incentives such as airdrops, trading rewards and liquidity programs. It intends to use funding proceeds to expand beyond perpetuals into a broader decentralized financial ecosystem, including a spot aggregator and a "Bluefin Pro" product offering cross-margin trading and faster executions. The BLUE token will have a maximum supply of 1 billion, an initial circulating supply of 116 million, and allocates 32.5% of tokens to user incentives; investor and team allocations have a three-year vesting schedule with a one-year lockup after rollout.

Team

  • Donald R. Wilson

    Founder & CEO

  • John Napier

    Venture lead

  • Nate George

    VC co-lead

  • Jeremy Alons

    DevOps Engineer

    LinkedIn