Participated · Series A · Nov 2021

Swan Bitcoin offers a full-service platform for high-net-worth individuals, institutions, and families to buy, hold, and manage Bitcoin. Its core product combines concierge trading, U.S.-regulated custody through partners such as BitGo and Equity Trust, and collaborative self-custody via Swan Vault. The company serves more than 100,000 clients who have purchased over $7.5 billion worth of Bitcoin through the platform. In October 2025, Swan launched “Swan International,” extending these white-glove services to clients in numerous countries and pairing each client with a dedicated advisor for strategic guidance and multigenerational planning. Offerings also include Swan IRA accounts, tax-loss harvesting, inheritance strategies, and institutional-grade liquidity solutions. The business positions itself as a long-term, Bitcoin-only partner focused on security, education, and legacy planning. Fresh Series C capital will be used to enhance client experience, broaden global reach, and continue product development across its wealth and treasury solutions.

Participated · Series D · May 2021

Figure Technology Solutions operates Figure Connect, a blockchain-native marketplace designed to list and trade loans and securitized assets. The company completed a $300 million prefunded securitization in which capital was provided upfront before any loans were originated, enabling rapid listing and trading on Figure Connect. That prefunded structure contrasts with traditional securitizations that fund after loan origination and is intended to make loan trading more efficient on the blockchain marketplace. The securitization capital is tied to the loans intended for trading rather than being disclosed as equity or traditional venture funding. Figure is located in New York City and is using the prefunded vehicle to support its marketplace activity.

Participated · Series C · Dec 2019

Figure is a blockchain mortgage platform that uses automation to issue mortgages and loans faster and at reduced cost. Its platform covers both conforming and jumbo mortgages. Figure reported its mortgage business grew nearly 50% month over month in the fourth quarter of 2020. The company has closed multiple financing facilities for its online lending business, totaling almost $1.5 billion. It recently secured a $100 million financing facility from JPMorgan, its fifth such facility. CEO Mike Cagney said the JPMorgan facility will help the company continue to innovate in the lending space. Figure builds consumer lending products powered by its Provenance blockchain protocol, using blockchain, AI, and advanced analytics to speed and simplify loan origination, custody, trading and securitization. Its flagship product, Figure Home Equity Line, is a fixed-rate line of credit that can approve applicants in as little as five minutes and fund in five days. Earlier in the year the company began offering student loan refinance and mortgage refinance products, and it has originated over $700 million in loans to date. Figure says it is expanding its lending products and making executive hires to support growth. The company also continues to onboard other originators onto Provenance, which operates as a decentralized blockchain spun out from Figure. Figure was founded in 2018 and is based in San Francisco, California. Figure uses blockchain technology to provide home equity loans online in as little as five days. The company has provided more than 1,500 home equity lines and employs about 100 people. It is moving to diversify into wealth management, unsecured consumer loans and checking accounts, the latter offered for now in partnership with an existing bank. Figure is targeting older homeowners whose wealth is tied up in their homes rather than the younger, high‑earning demographic pursued by SoFi. The company was co‑founded by Mike Cagney with June Ou as chief operating officer. Financially, Figure has raised $120 million to date, including a recent $65 million round. Figure was formed earlier this year by Mike Cagney to build lending products that leverage blockchain to cut loan-approval times from days to minutes. The company plans to offer home equity lines of credit, home improvement loans and a home buy-lease back product aimed at retirement. Figure has raised $50 million to grow the business. The financing and hiring push has supported a team of about 56 people assembled quietly to date. Notable hires include Cynthia Chen, formerly chief risk officer at LendingHome, and Sara Priola, formerly chief legal counsel at PeerStreet. Figure is a lending startup that plans to launch an AI tool powered by GPT-4 to help catch errors in lending documents. The article reports the company recently closed a $130 million financing round, per an SEC filing. That financing brings Figure's total funding to $327 million. The TechCrunch piece does not specify the type of instrument used in the round or the participating investors. Beyond the AI tool announcement and the SEC filing, the article includes no other operational metrics.

Led · Series A · May 2018

Cambridge Blockchain builds enterprise software that delivers strong digital identities at global scale for financial institutions while giving individuals control over their identity data. Its solution combines blockchain technology with an off-chain personal data service to create an independent source of validation across trusted parties, natural persons, legal entities and devices. The platform is designed to manage, secure and share identity data—supporting seamless transactions, operational efficiencies and strong privacy compliance. The company has specific experience designing systems for sharing identity data across European financial institutions. Cambridge Blockchain has announced a Series A extension with new strategic investors and plans to explore collaborations to leverage blockchain technology with PayPal. The company is based in Cambridge, Mass. Cambridge Blockchain builds blockchain-based Enterprise Data Management software that emphasizes digital identity and privacy compliance for financial institutions. The company has reached full-scale production rollouts with its first customers in Europe and aims to extend its software to new applications beyond KYC, including IoT device management and supply chain operations. It positions its technology to help firms comply with regulations such as the European General Data Protection Regulation (GDPR) while enabling decentralized information transfers. Cambridge emphasizes privacy and handling strict personal data requirements demanded by large financial institutions. Foxconn’s venture arm HCM Capital is engaging strategically around blockchain and digital identity, signaling interest in industrial and IoT use cases. The company is headquartered in Cambridge, Mass. Cambridge Blockchain develops blockchain-based digital identity enterprise software using a distributed architecture to reconcile transparency and privacy. Its product aims to reduce know‑your‑customer costs, speed customer onboarding, and provide a single, trusted view of customer reference data while addressing GDPR and data-privacy constraints. The company is developing its software with several leading global financial institutions and plans commercial deployments in late 2017. Cambridge Blockchain has won BBVA Open Talent 2016 and the Santander InnoVentures Distributed Ledger Challenge and graduated from the 2016 FinTech Innovation Lab. The company will use new funding to accelerate deployments of its software. CEO Matthew Commons runs the company from Cambridge, Mass.