Participated · Equity · Jul 2026

Founded in 2018, ProphetX is a regulated U.S. exchange built as a sports-native prediction market for event-driven contracts. The company operates a peer-to-peer marketplace where users trade event contracts and uses an RFQ Parlay Mechanism to enable multi-event combinations and institutional-style pricing. ProphetX recently received CFTC approval and completed a nationwide launch, after previously operating as a sweepstakes platform. The firm reported a 50% increase in active users and assets on platform during its first 30 days as a regulated market and is targeting a tripling of trading volume in 2026. ProphetX is scaling a B2B platform and partnerships and raised $35 million to accelerate product development, boost market liquidity, and expand institutional market coverage.

Participated · Series B · Oct 2025

Splash Sports operates a real-money, peer-to-peer gaming platform that empowers fans to act as commissioners and run contests such as Survivor, Pick ’Em, PGA Major Tiers, and the daily QuickPicks "More or Less" game. Available in 44 U.S. states, Washington D.C., and Canada, the service emphasizes social competition and community engagement for both private groups and public audiences. The company originated through the acquisition of RunYourPool and OfficeFootballPool and now partners with media outlets, professional leagues, teams, athletes, and influencers to deepen fan interaction. During the 2023 NFL kickoff, Splash guaranteed more than $6.4 million in contest prizes, a 500 percent increase from the previous year, highlighting rapid growth in user engagement. New funding will expand the product suite, accelerate marketing efforts, and support additional partnerships, particularly within its fast-growing golf vertical. Future plans also include scaling across additional U.S. sports seasons and exploring new entertainment-based gaming formats.