Participated · Series A · Feb 2022

Qredo operates a Layer 2 protocol that enables instant cross-chain swaps and settlement on supported blockchains while avoiding Layer 1 frictional costs. Its Gen 2.0 multi-party computation (MPC) removes vendor risk and single points of failure tied to centralized custody and private key management. The platform targets institutional investors, enabling secure access to digital liquidity pools and participation in DeFi. Qredo has integrations such as MetaMask Institutional and was chosen as a technology partner in El Salvador. Financially, the company announced an $80 million Series A that values Qredo at $460 million and reported $120 million raised in the prior 12 months. Proceeds are earmarked for future acquisitions, retail product development, and geographic expansion. Qredo provides a blockchain protocol and product suite that enables access to Layer 1 blockchains like Bitcoin and Ethereum over a Layer 2 network. Its technology allows secure participation in cross-chain liquidity pools, collateralized derivatives trading, and cross-chain atomic swaps. Qredo’s version 1 mainnet is live and the network operates 24 nodes across six tier-4 data centers in Tokyo, Hong Kong, Singapore, New York, Chicago and London. The company plans to launch version 2, move toward a decentralized autonomous organization (DAO), and enable validators to earn QRDO governance tokens through a revenue-sharing mechanism. The $11 million seed funding will be used to double the R&D team and hire additional C-suite talent ahead of the version 2 launch. Qredo emphasizes speed, security and compliance to facilitate institutional entry into DeFi.

Led · Equity · Jun 2020

MySky is an AI-powered spend management platform built for the private aviation industry that uses proprietary IT tools, optical character recognition, machine learning and AI to standardize pricing and improve procurement and expense management. The platform serves private jet owners, operators and consultants and operates as an independent, third-party provider with the industry’s largest cost database. MySky has been active for more than five years, is headquartered in Switzerland, and maintains offices in Geneva, London, Moscow and a new office in New York. The company reports servicing more than 350 aircraft worldwide and recorded 60% growth in Q1 2020. MySky plans to expand operations and technology into the Americas and has appointed Jean De Looz as Head of the Americas to lead U.S. growth. The recent capital raise is intended to support that expansion and further product deployment in the region.

Led · Equity · May 2015

FST Biometrics develops an In Motion Identification (IMID) solution that combines facial recognition with behavioral analytics to identify authorized individuals at a distance while in motion. The company serves clients across corporate, retail, financial services, telecommunications, residential and governmental sectors. It maintains a sales office in New York and is led by founder and CEO Aharon Zeevi Farkash. FST says its product has a wide range of global applications across public and private sectors. The company plans to use recently raised funds to support growth and increase market acceptance over the next few years. No operating metrics were disclosed in the article.