Led · Equity · Apr 2026

Polymarket is the subject of an equity capital fundraising in which Intercontinental Exchange (ICE) has made multiple direct investments. ICE initially invested $1.0 billion in October 2025 and completed an additional $600 million direct cash investment as part of the ongoing fundraising. ICE also expects to purchase up to $40 million of Polymarket securities from certain existing holders, and with those transactions will have fulfilled its obligations under the investment arrangement. The valuation associated with the recent investment was not disclosed in the announcement and is expected to be revealed after the fundraising completes. The articles do not provide information on Polymarket’s founding year, location, products, or operating metrics.

Participated · Series B · Sep 2025

ModernFi provides deposit-management infrastructure that integrates into financial institutions’ core and digital experiences to help banks and credit unions source deposits, manage balance-sheet size, and protect large deposits. Its platform offers self-service, transparent, and automated tools that replace outdated workflows and reduce operational burden. ModernFi powers two institution-owned deposit networks: the National Bank InterDeposit Company (NBID), launched in 2025, which includes banks representing more than 40% of the reciprocal deposit market, and ModernFi CUSO, launched in 2024, serving more than 75 leading credit unions. The company has raised over $60 million to date, reflecting growing institutional recognition of its role in deposit stability and liquidity management. With the latest funding, ModernFi plans to accelerate adoption, expand its team, deepen integrations with digital banking and core providers, and scale institution success teams to support new partners. ModernFi provides end-to-end deposit management built on a modern tech stack and a foundation of compliance, enabling banks and credit unions to source deposits, sweep funds, and grow and retain deposit bases. The company is launching ModernFi CUSO, a credit union service organization partially owned by credit unions, to scale the first deposit network for the credit union industry. Through the network, credit unions can offer extended NCUA insurance via participating credit unions and attract large-value member relationships including businesses, nonprofits, public funds, municipalities, and higher-net-worth individuals. The platform also enables credit unions to manage their balance sheets by sourcing funding on demand and sweeping excess liquidity. The CUSO formation and funding were led by Curql Collective and Members Development Company (MDC) with participation from ModernFi’s existing investors Canapi and Andreessen Horowitz. ModernFi says the CUSO will focus on supporting credit union partners, expanding member audiences, and helping credit unions compete more effectively against larger financial institutions. ModernFi offers community and regional banks an end-to-end deposit management platform, including a deposit network that lets banks source deposits, sweep funds, and provide additional depositor security. The company was founded in 2022 by Paolo Bertolotti and Adam DeVita. ModernFi generates revenue from basis points on deposits in its network; the CEO said 2023 was "a very good year" but declined to provide specific financials. Between its seed and Series A rounds the startup doubled its headcount, and the number of institutions it supports has grown meaningfully. The company plans to invest its new capital in growth across engineering, product development, compliance and regulatory work, and business development. Product work will include more integrations and APIs, a fuller analytics suite, asset-liability management and account-level deposit analytics to support bank CFO workflows. ModernFi provides a transparent, tech-enabled marketplace that connects banks to buy and sell deposits on demand, aiming to replace an opaque, relationship-driven wholesale funding market. The company was founded in 2022 by Paolo Bertolotti and Adam DeVita and targets U.S. banks with assets between $500 million and $100 billion. ModernFi does not charge transaction, account, or setup fees; it takes a portion of the yield banks pay on deposits. Management says the company has some revenue but declined to disclose specifics. The startup plans to use new capital to hire across engineering, bank partnerships and compliance, build partner integrations, and expand the types of funding available on its marketplace, including term deposits. Roadmap items include analytics and balance-sheet management tools to help banks eliminate counterparty risk and increase FDIC insurance coverage for depositors.

Participated · Series C · Jan 2025

BeZero Carbon is a London-headquartered ratings agency for the voluntary carbon market that provides independent, project-level assessments of carbon credits' efficacy in achieving CO2 avoidance or removal. It uses a comprehensive analytical framework to evaluate carbon projects across various risk factors, assigning ratings on a seven-point scale from AAA+ to A; the article also references an 8-point rating scale where each incremental notch commands an average 40% price premium. BeZero's ratings and data are available on over 40 platforms and cover more than 480 carbon credit projects, with customers in over 30 countries and more than 100 corporate subscribers, including UBS, Sumitomo, Emirates NDB, Equinor, Woodside Energy, and ERM. The company has raised $32M in a Series C, bringing total funding to over $104M. Proceeds will be used to expand ratings coverage into compliance carbon markets such as Article 6 and CORSIA and to continue investing in automation. BeZero positions independent, risk-based, project-level ratings as a quality measure for carbon markets and to influence capital and demand toward higher‑rated credits. BeZero Carbon provides carbon credit scoring, risk assessments and analysis, anchored by a freely available methodology that lets investors probe the quality of specific offsets before transacting. The company also sells pay-for-access enriched offset assessments, insights and risk tools and publishes software API plug-ins for third-party carbon credit exchanges. Since launching two years ago, BeZero has signed clients including Equinor, Glencore and Watershed and is pursuing strategic collaborations with Hitachi, EDF and ICE to create standardised trading products. Headquartered in London, the company intends to expand coverage into continental Europe and Asia. The $50 million fundraise will be used to continue investing in its ratings, risk and analytics tools and to support geographic expansion, including planned new offices in New York and Singapore. Company leadership describes the opportunity as a chance to embed carbon trading into economic models to accelerate the net-zero transition. BeZero produces carbon ratings and analytics intended to make ecosystem assets measurable, tradable and investable by creating a new risk language for carbon markets. The company publishes headline letter ratings and summaries freely on its website while operating a subscription platform with full ratings assessments and analytics. BeZero reports more than 230 ratings data points covering over 50% of credits outstanding, and says dozens of major enterprises are trialing or hosting its ratings via API. The team has grown from 45 to 95 people and includes more than 50 research and ratings analysts; the firm is investing heavily in data science, remote sensing, ground-truthing and multidisciplinary research. Future plans emphasize product delivery, adoption-first go-to-market, partnerships with marketplaces and exchanges, continued methodological transparency, and ongoing collaboration with industry and academia to build confidence in the VCM.

Participated · Series D · Jul 2024

LevelTen Energy operates a market-leading platform for clean energy transactions and environmental attribute certificate trading, facilitating power purchase agreements and related contracting. The company has helped facilitate more than 20 GW of clean energy transactions across more than 35 markets in North America and Europe on behalf of hyperscalers, commercial and industrial companies, and utilities. Headquartered in the United States, LevelTen positions itself as a marketplace connecting buyers, sellers and developers of renewable projects. Through the ABB strategic partnership and minority investment, LevelTen expects to expand its procurement capabilities and reach ABB's industrial and commercial customer base. The company's platform complements technologies such as battery energy storage systems, microgrids and advanced energy management solutions to support decarbonization and portfolio optimization. Financial terms of the recent investment were not disclosed.

Participated · Series A · Apr 2024

Meridia, founded in 2015 and based in Amsterdam, develops tools for complex smallholder-heavy agri-commodity supply chains. Its flagship product, Verify, is a data verification platform accessible via a SaaS portal and API that identifies and rectifies erroneous, fraudulent, and non-compliant field data in real time. Verify supports procurement, sourcing, trade, and sustainability teams by improving evidence-based decision-making and helping companies comply with regulations such as the EU Deforestation Regulation and industry standards from the European Cocoa Association and European Coffee Federation. The platform leverages earth observation and verified datasets and is currently operational in 35 origin countries across commodities including cocoa, coffee, palm oil, soy, and rubber. Meridia partners with ICE Benchmark Administration through the ICE Commodity Traceability (ICE CoT) service and plans to extend Verify’s application to new commodities and sectors. The company completed a €5.2M Series A to accelerate expansion of Verify; the new portal enters beta for existing customers on July 1, 2024 with a full commercial launch scheduled for September 2024. Landmapp, established in 2015 by Simon Ulvund and Thomas Vaassen, offers a mobile platform that provides smallholder farmer families with documentation of their land. The company operates a field-based team of surveyors who use handheld GPS devices to map each farmer’s plot, verify the farmer’s identity, validate land claims with neighbours, submit claims to authorities for legalization, and deliver a final land certificate. Landmapp has sold more than 2,000 documents to smallholder cocoa farmers in Ghana. It received an investment of undisclosed amount from Omidyar Network alongside existing investor HERi Africa. The company intends to use the funds to grow its customer base in Ghana and to expand into other countries following this rollout. The article does not disclose revenue or other financial metrics beyond the investment.