Participated · Seed · Feb 2026

Tangible’s core offering standardises the data, documentation and ongoing reporting that lenders require, allowing robotics, climate, mobility and data-centre startups to obtain asset-backed debt more quickly and cheaply. Its AI-driven workflows and in-house finance experts cut underwriting time and cost for a network of private credit funds, hedge funds, equipment financiers and traditional banks. By replacing bespoke, manual processes, the platform lets founders run sophisticated debt facilities without building an internal structured-finance team. Tangible currently employs 13 people. The company intends to use its new capital to expand headcount and develop additional products that further streamline debt fundraising. Including this round, Tangible has raised roughly $9.8 million in external funding when combined with the £4 million ($5.45 million) round it closed in 2023. Management believes modern infrastructure is essential for scaling hardtech finance as institutional investors look for faster, lower-friction deployment mechanisms.

Participated · Series B · Dec 2025

Founded in 2022 by ex-Revolut executives Alan Chang and Charles Orr, Fuse Energy supplies energy to more than 300,000 UK households and is building a 1 GW generation pipeline. The company says it runs the full energy value chain in-house—generation, trading and retail—which it credits with delivering roughly 17% efficiency gains versus legacy providers. Fuse uses proprietary trading algorithms and a digital twin of each customer property to predict demand and optimise supply at the household level. Management reports the business has been EBITDA-positive every month since December 2025 and that ARR grew 32% in Q1 to over €472 billion ($550 million). Fuse is opening a 32,000 sq ft headquarters in Canary Wharf, plans to hire over 380 people in the next 12 months, and intends to expand into Europe and North America while launching a plug-in solar product for homes.

Participated · Series A · Jan 2025

Le Fourgon operates a door-to-door service that delivers products in returnable glass and reusable containers, collects empties on the next delivery, cleans them, and reuses them up to 40 times. The company has built assortments across groceries, household and personal-care categories and serves customers via a website and mobile app with electric-vehicle delivery. Since launch it serves 65k customers across 20 French cities (over 2,500 towns), has prevented over 25 million single-use bottles and containers (about 9,250 tonnes of plastic) and aims to reuse 100 million containers by 2028. Financially, the startup completed a €8.2M extension to its Series A following a prior €10M Series A in November 2023. Planned uses for the new capital include expanding returnable product ranges, opening in two new towns in H1 2025, developing its B2B offering (currently 12% of its business) and recruiting 100 employees to support growth. The company was founded in 2021 by Charles Christory, Stéphane Dessein and Maxime Tharin and is focused on scaling reuse as an alternative to single-use packaging. Le Fourgon operates a returnable-container delivery service in France, offering a range of local and reusable products delivered door-to-door via an app and website. Over the past two and a half years it has built operations in more than 2,000 French cities and serves 40,000 customers. Customers use containers that are washed and reused up to 40 times; the company says it has helped avoid over 10 million single-use bottles and containers, representing over 300 tonnes of plastic. Le Fourgon plans to reuse 50 million containers within the next two years. The company will use the funding to expand geographic coverage, grow its private-label returnable ranges of beverages, food and household products, develop a B2B offering, and recruit new staff. Financially, Le Fourgon announced a €10M Series A, bringing total investments to €17.5M including €3M raised via crowdfunding earlier this year.

Participated · Series A · Jan 2025

Founded in 2021 in New York, Conceivable Life Sciences is building AURA, an integrated in-vitro fertilization (IVF) lab platform that combines AI, robotics, and advanced optics to automate and standardize over 200 manual procedures spanning oocyte and sperm preparation, fertilization, embryo culture, vitrification, and thawing. The system provides end-to-end sample traceability and uses proprietary imaging (e.g., OCT) and machine-learning models to guide robotic manipulators in real time. Initial prototype work has already resulted in the birth of 18 healthy babies, and the company is running a 100-patient clinical trial with plans to gather data from an additional 120 patients this year. In a pilot deployment at Hope IVF in Mexico City, a three-person team processed roughly 2,000 IVF cycles annually with AURA, illustrating meaningful throughput and labor savings. Management aims to complete clinical trials and launch full commercial operations in the United States in early 2026. After its recent financing, the company has raised a total of $70 million to date, positioning it to move from pilot projects to commercialization.

Participated · Equity · Sep 2024

Cowboy is a Brussels-based e-bike manufacturer best known for its digitally connected urban bicycles that integrate proprietary software, data-driven features and over-the-air updates. The company serves a community of more than 80,000 riders and maintains in-house design, engineering and software teams to iterate on its award-winning hardware-software platform. Following recent operational challenges, Cowboy is partnering with French mobility group ReBirth to leverage its industrial capacity, supply-chain reach and 95 Oxygen/10 Ovelo stores plus 500 independent dealers in France. Production will restart at ReBirth’s French assembly site with a plan to build over 1,500 bikes in January and significantly scale capacity through 2026. The integration is expected to shorten lead times, improve quality control and bolster after-sales support while keeping Cowboy’s brand and R&D independent. Financially, the company has restructured its balance sheet, converted legacy obligations to equity, and secured fresh funding to stabilise operations. These measures aim to restore delivery reliability, expand retail presence—especially in France, currently its fourth-largest market—and move the business toward sustainable profitability.