The Venture Codex

Participated · Seed · May 2026

Global Settlement Network is developing next-generation cross-border settlement rails and institutional infrastructure to enable regulated digital currency issuance, tokenized assets, and sovereign-grade settlement systems. The company operates a subsidiary, Global Settlement Markets, that sources liquidity and market-making capacity for cross-border corridors, and has secured over $125 million in liquidity commitments including a $100 million gold-backed stablecoin allocation. GSN announced an $11 million pre-seed equity round at a valuation exceeding $100 million to fund continued product development and transition into live settlement operations. Its strategy emphasizes institutional partnerships with banks, governments, stablecoin issuers, and liquidity providers to deploy corridor liquidity and support tokenized asset settlement at scale. The financing and liquidity commitments together aim to provide the capital depth required for institutional-scale cross-border activity.

Participated · Seed · Oct 2025

TestSprite is building the “testing backbone” for AI-native software development by embedding an autonomous testing agent inside developers’ AI IDEs and through its MCP server. The platform automatically generates front- and back-end tests, executes them, diagnoses failures, and proposes fixes via natural-language commands, enabling continuous, test-driven development without leaving the coding environment. Demand is accelerating: the user base surged 483% in one quarter, growing six-fold in three months to more than 35,000 developers from companies such as Google, Apple, Adobe, Salesforce, ByteDance, Microsoft, and Meta. Revenues were not disclosed, but the company has raised approximately $8.1 million to date, including the newly announced seed round. With fresh capital, TestSprite plans to expand its engineering team, deepen capabilities in AI-powered test generation and healing, and scale infrastructure to support teams deploying thousands of code changes daily. The company aims to become the industry-standard testing layer for AI-native development by mid-2026. Founded in Seattle, Washington, TestSprite positions itself as the autopilot for software quality in the era of AI-generated code.