Participated · Seed · Oct 2020

Archax is a UK-regulated digital asset exchange and tokenization firm that operates an in-house tokenization platform. The company has integrated the Stellar blockchain into its tokenization tool and launched a tokenized Aberdeen money market fund on the Stellar network. The Stellar Development Foundation invested in Archax as part of a broader partnership to accelerate tokenization of real-world assets, though the firms did not disclose the investment size. Last month Archax acquired BaFin-regulated Deutsche Digital Assets to expand into crypto exchange-traded products in Europe. The company is positioning itself to serve the rapidly growing tokenized real-world-asset market, which the article cites as having doubled to $26 billion and projected to reach $1 trillion by 2030. The article does not disclose operating metrics, revenue, or valuation for Archax. Archax is an FCA-regulated UK digital securities exchange, brokerage and custodian focused on institutional clients. Its custody services are already live and the exchange platform is live while it onboards initial issuances ahead of a planned formal launch in 1Q 2023. The platform offers spot trading in Bitcoin and Ethereum and intends to list a range of tokenised assets and regulated crypto ETPs that settle in Crest with ISIN codes. Archax is working with abrdn to tokenise funds and enable institutions to trade regulated instruments representing underlying crypto assets. Membership targets broker members, family offices, hedge funds, private banks, wealth managers, investment banks, prop trading firms and market makers. Technology for the regulated market is provided by Aquis Technologies' AME and AMS running in the Equinix LD4 datacentre, while Archax has built its own matching engine, front end and APIs. Archax operates a regulated digital securities exchange and custody platform, having secured FCA approval as a key part of its go‑to‑market strategy. The company completed its exchange platform build and obtained its FCA licence in August, milestones investors cited as central to the business. Archax has raised funding to meet regulatory capital requirements needed to launch the platform. It closed an oversubscribed $8 million seed round after initially targeting $5 million, reflecting strong investor demand. Management and investors have framed the licence and capital as foundations for launching and expanding a worldwide ecosystem of next‑generation digital assets under FCA regulation.

Led · Equity · Jul 2011

Shooger is a Miami-based mobile community-powered loyalty network focused on building engagement between local shoppers and merchants through the creative use of crowdsourced content and loyalty-focused deals. The company offers a free Shooger app available on iPhone, with Android and BlackBerry versions coming soon. Co-founded by Alex Stancioff (CEO), Donick Cary and Milen Mishkovsky (President), Shooger gives users the ability to access and share local deals and provides merchants a platform to communicate with users to build better engagement and loyalty. Shooger raised $5.0m in its first venture capital funding from Hudson Capital Group. The company intends to use the funds to expand its sales and marketing efforts. After launching in Miami, it plans to expand into other cities.