Overview
Thesis-driven venture and consulting firm for early-stage investments.
Deals · 12mo
1
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Daylight Energy | Oct 2025Participated | $75 MDebt | |
375ai | Oct 2025Participated | $5 MOther Equity | |
Phoenix Tailings | May 2025Participated | $33 MSeries B | |
DeCharge | Mar 2025Participated | $3 MSeed | |
Daisy | Mar 2025Led | $4 MSeed | |
Fortytwo | Mar 2025Participated | $2 MSeed | |
EarnOS | Jan 2025Led | $5 MSeed | |
Axal | Oct 2024Participated | $3 MSeed | |
375ai | Aug 2024Led | $5 MSeed | |
Daylight Energy | Aug 2024Participated | $9 MSeries A | |
Raad Labs | Jul 2024Participated | $2 MOther Equity | |
Network3 | Jul 2024Participated | $6 MOther Equity | |
Daylight Energy | Oct 2025Participated | $75 MDebt | |
375ai | Oct 2025Participated | $5 MOther Equity | |
Phoenix Tailings | May 2025Participated | $33 MSeries B | |
DeCharge | Mar 2025Participated | $3 MSeed | |
Daisy | Mar 2025Led | $4 MSeed | |
Fortytwo | Mar 2025Participated | $2 MSeed | |
EarnOS | Jan 2025Led | $5 MSeed | |
Axal | Oct 2024Participated | $3 MSeed | |
375ai | Aug 2024Led | $5 MSeed | |
Daylight Energy | Aug 2024Participated | $9 MSeries A | |
Raad Labs | Jul 2024Participated | $2 MOther Equity | |
Network3 | Jul 2024Participated | $6 MOther Equity |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 3 | 8 |
| Series A | 0 | 2 |
| Series B | 0 | 1 |
| Other Equity | 0 | 5 |
| Debt | 0 | 2 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Feb '23 | 1 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 0 |
| Aug '23 | 0 |
| Sep '23 | 1 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 0 |
| Jan '24 | 0 |
| Feb '24 | 0 |
| Mar '24 | 1 |
| Apr '24 | 2 |
| May '24 | 1 |
| Jun '24 | 2 |
| Jul '24 | 3 |
| Aug '24 | 2 |
| Sep '24 | 0 |
| Oct '24 | 1 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 1 |
| Feb '25 | 0 |
| Mar '25 | 3 |
| Apr '25 | 0 |
| May '25 | 1 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 0 |
| Oct '25 | 2 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 0 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Crypto & Blockchain | 9 |
| AI & Machine Learning | 6 |
| Fintech | 5 |
| Clean Energy & Sustainability | 4 |
| Networks, Cloud & Communication | 3 |
| Hardware & Robotics | 3 |
| Space & Frontier Tech | 2 |
| Manufacturing | 2 |
| Developer Tools | 2 |
| Government & Defense | 1 |
| E-Commerce & Retail | 1 |
| Real Estate & Construction | 1 |
| Data, Analytics & IT | 1 |
| Transportation & Logistics | 1 |
| Consumer & Lifestyle | 1 |
| Marketing & Advertising | 1 |
| Media & Entertainment | 1 |
| Food & Agriculture | 1 |
| Social & Community Platforms | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 9 |
| $5M-$10M | 7 |
| $10M-$25M | 3 |
| $25M-$50M | 1 |
| $50M-$100M | 1 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 6 of 6 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 14 |
| India | 2 |
| Europe | 2 |
| Australia | 1 |
| 94402 | 1 |
| Singapore | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| CMT Digital | 4 |
| Framework Ventures | 3 |
| 6th Man Ventures | 2 |
| Andreessen Horowitz | 2 |
| Arca | 2 |
| Artichoke Capital | 2 |
| Dragonfly | 2 |
| Fenbushi Capital | 2 |
| Lemniscap | 2 |
| Lerer Hippeau | 2 |
| Mentat Group | 2 |
| Primal Capital | 2 |
| Protocol Labs | 2 |
| TRGC | 2 |
| Trident Digital | 2 |
| 8VC | 1 |
| a16z crypto | 1 |
| Afore Capital | 1 |
| AGE Fund | 1 |
| Alliance Venture | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 3 | 14% |
| Participating | 18 | 86% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 1 | 33% |
| Co-led | 2 | 67% |
Team
Co-Founder