Participated · Seed · Sep 2024

Etherfuse is a Mexican protocol that tokenizes debt from emerging markets, creating tokens that are backed one-for-one by the underlying bonds. The company provides its own custody and enables free trading of those tokenized assets, allowing users with a mobile device and a crypto wallet to access Mexican and other emerging-market debt. Fuse Capital announced an investment through its recently launched second blockchain-focused fund; the specific amount from Fuse was not disclosed but the investment is part of a US$3 million seed round led by White Star Capital and North Island Ventures. Other named participants in the round include Stellar, FunFair Ventures and Department of XYZ, among others. Etherfuse positions tokenized bonds as stable, yield-bearing assets suitable as collateral or backing within DeFi, and plans to make more than 3,500 tokenized assets available in the next 18 months, including short-term government debt and other exchange-traded Mexican assets. The company is targeting Brazil as a market and is partnering with Fuse to navigate legal, business and market-entry challenges there.

Participated · Equity · Mar 2024

MANTRA aims to transform private-market assets into tradable digital tokens within the DeFi ecosystem, with real-time data reporting. The company is building a full market infrastructure for tokenized real-world assets (RWA) and plans to leverage regulatory frameworks and local infrastructure in the U.S. and the United Arab Emirates. MANTRA already has a Dubai subsidiary with a full license to operate digital-asset services. The recent strategic partnership with Inveniam and access to the AI capabilities of G42 in the UAE are positioned to accelerate that buildout. The initiative targets an estimated $18.9 trillion RWA opportunity by 2033. Operational metrics are under pressure: MANTRA’s TVL fell from over $4 million in April to under $500,000 in August while its native OM token collapsed more than 90%, erasing over $5 billion of market value. MANTRA Labs is an RWA L1 blockchain project focused on building compliant infrastructure for tokenizing real-world assets. The company provides developer support and tooling to accelerate RWA tokenization on its protocol. MANTRA’s stated goals include expanding RWA tokenization and creating an ecosystem that meets regulatory and compliance needs. The article reports MANTRA completed a financing of $11 million. The raise was described as a strategic investment led by Shorooq Partners. No operating metrics, founding year, or location were provided in the article.

Participated · Seed · Oct 2023

Vaas develops a transaction-monitoring platform that combines on-chain blockchain analysis with off-chain data to detect atypical or suspicious cryptocurrency activity. The company uses AI to analyze the full history of a crypto wallet from day one and cross-references local databases to improve attribution. Its solution already monitors Pix flows and the team plans to build anti-fraud tools for Pix and future work around Brazil’s Drex digital currency. Vaas is in proof-of-concept and pilot stages with several large companies and banks and has partnerships that allow querying transactions by CPF and CNPJ, including cooperation with B3. The startup charges a fixed monthly fee to monitor each client a bank chooses to track. The founding team previously invested roughly R$5 million after selling their prior company, Decora, and Vaas contributed data to the CPI of financial pyramids even while pre-operational. The platform is slated for an official launch next month.

Participated · Series A · Sep 2022

Credix is a Belgian fintech marketplace that uses blockchain to connect institutional investors with smaller lending companies in emerging markets. Founded in 2022, the platform enables investors to deploy cryptocurrency—primarily stablecoins—into credit companies, which convert stablecoins into local currency to make loans. The startup says credit companies in several markets have borrowed more than $25 million through the platform in recent months. Credix raised €11.32 million in a Series A, and the company says the new cash will enable it to surpass the $100‑million mark. The firm plans to expand into Mexico and Colombia and grow teams in Antwerp, New York and São Paulo. Management says it will further innovate and scale up its global credit infrastructure and expand its ecosystem of funds, investors and credit companies.

Participated · Series B · Sep 2013

Quantia’s core product is QuantiaMD, a mobile and web-based physician relationship management (PRM) platform that enables health systems, payers, pharmaceutical companies, and medical device companies to reach, engage and interact with physicians. The platform combines social media, game mechanics and engagement science to convey relevant information, foster discussion, and drive measurable changes in physician behavior. Quantia says QuantiaMD recently surpassed 200,000 physician members and that its U.S. addressable annual market opportunity is between $1 billion and $2 billion. The company positions the product as a way for clients to create revenue opportunities, reduce costs, save time, and improve quality of care by aligning physicians around policy and care-model changes. Management plans to use the financing to accelerate sales and marketing and continue growing the active physician community. QuantiaMD operates an online and mobile content-distribution and networking platform for physicians that features short, narrated presentations, user-submitted content, and validated clinician membership. The company reports over 160,000 registered and validated physicians (about 25% of U.S. practicing physicians visiting in the past three months), more than 500 expert faculty members, and users spending an average of 45 minutes per week on the site. Founded in 2005 and employing over 80 people, QuantiaMD has historically monetized through sponsored content inventory (presentations and videos) and had supported itself on roughly $15 million in outside funding to date. Under new CEO Mike Coyne (hired from Verisk Health), the company is shifting toward becoming a software provider, selling multi-year licensing agreements and client services to health plans and providers. Management projects that this shift and the new capital will help the company double its revenue in 2013.