
Kingsway
5310 Explorer Drive, Suite 200, Mississauga, ON, L4W 5H8, Canada
Overview
Kingsway Financial Services is a non-standard automobile insurer and truck insurer.
- Total investments
- 7
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Financial Services
Investment portfolio
- Fedi
Participated · Series A · May 2023
Fedi builds a federated operating system that empowers communities—"federations"—to collaborate and take control of their money, data, and digital lives while protecting user privacy and autonomy. Federations include friends, families, neighbours, nonprofit organisations, social clubs, businesses, conferences and other community forms. The company raised $17M in a Series A, bringing total capital raised to date to $21.21M. Fedi intends to use the funds to expand operations and broaden its business reach. Led by CEO Obi Nwosu and based in Austin, TX, the company is set to pre-launch an Alpha version of Fedi for builders later this month. The platform emphasizes privacy-preserving collaboration and aims to give individuals greater autonomy over digital and financial interactions within community contexts.
- CoinDCX
Participated · Series D · Apr 2022
CoinDCX operates a crypto-asset trading platform that lets retail customers buy, sell, and store digital currencies. As of July, the exchange counted over 20.4 million users who held customer assets exceeding ₹100 billion (≈ $1.12 billion). The company posted annualized group revenue of ₹11.79 billion (≈ $133 million) and annualized transaction volume of ₹13.7 trillion (≈ $154.6 billion). After acquiring BitOasis last year, CoinDCX expanded its footprint across the Middle East and North Africa. The firm plans to use new capital to enhance products, accelerate user growth, push into additional geographies, and deepen crypto-education initiatives. Despite its growth, CoinDCX recently weathered a July security breach that resulted in a $44 million asset loss. The latest funding pegs its post-money valuation at $2.45 billion, up from $2.15 billion in April 2022.
- OpenNode
Led · Series A · Feb 2022
OpenNode provides bitcoin payment acceptance and payout solutions for businesses, platforms and people, offering payment buttons, hosted checkout, e-commerce plug‑ins and optimized APIs. The company focuses on building Bitcoin and Lightning Network payments infrastructure to enable secure, instantly settled payments globally, 24/7. OpenNode targets onboarding every business, platform and individual seeking Bitcoin and Lightning payments. The firm is based in Los Angeles, CA. In February 2022 it closed a significant funding event that affirms market confidence in its product and growth plans. The company intends to use the funds to expand its development efforts.
- Animoca Brands
Participated · Equity · Jan 2022
Animoca, also known as Outblaze Ventures, focuses on developing and publishing mobile games and educational applications for iOS and Android devices. Since its debut in January 2011, the company has launched over 150 titles across smartphones and tablets. Animoca also operates several brands, including Dream Cortex, to broaden its reach in the mobile entertainment space. In only ten months on the market, its apps have amassed more than 40 million downloads worldwide, underscoring strong early traction with users. The firm’s rapid content rollout demonstrates an aggressive product strategy targeting global smartphone audiences. Backing from major technology investors suggests confidence in the company's ability to scale its portfolio further. While revenue figures were not disclosed, the significant download volume highlights Animoca’s potential for future monetization and growth opportunities.
- Eyewa
Led · Series B · Jun 2021
Eyewa operates a direct‑to‑consumer e-commerce platform and a rapidly growing network of wholly owned retail stores, selling prescription glasses, sunglasses, blue‑light glasses and contact lenses across five Middle East markets. The company has developed nine proprietary brands and says 96% of revenue now comes from its in‑house labels, which it uses to keep prices affordable. Since launching physical retail in December 2020 the startup has grown to 150 stores and employs about 1,300 people, owning the full customer journey including in‑store eye exams. Eyewa reports it is profitable and growing revenue at over 50% year‑over‑year. The company plans to add at least 100 more stores across six countries (including a 2025 entry into Qatar) and will open a production facility and fulfillment centre in Riyadh next quarter. Eyewa was founded by former Bain consultants who initially sold third‑party brands online before launching their own labels to address unmet regional demand. eyewa is an online eyewear retailer that offers affordable eyewear and a customer-focused e-commerce experience across multiple Middle Eastern markets. The company was founded in 2017 by Anass Boumediene and Mehdi Oudghiri and has built a trusted reputation in the UAE, KSA, Kuwait, Qatar, Oman and Bahrain. eyewa plans to pursue an omnichannel strategy, opening physical stores designed to mirror its successful online experience while leveraging technology across customer interactions. The company intends to expand beyond its initial home markets of UAE and KSA into the rest of MENA. eyewa will use new capital to fund expansion and to further invest in top-tier technology and product teams and retail and omnichannel technology. The business recently completed a Series B fundraise, improving its financial runway for these initiatives. eyewa is a Dubai-based eyewear e-commerce company that sells sunglasses, eyeglasses, prescription contact lenses and color contact lenses. The company offers a wide choice aligned with the latest fashion trends and a highly customised user experience across discovery, ordering, packaging and delivery. eyewa is co-founded and led by Anass Boumediene and Mehdi Oudghiri. It raised a US$2.5M pre-Series B bridge round, bringing total capital raised to US$11.1M. Backers in the round included Wamda Capital, EQ2 Ventures and Nuwa Capital. The company intends to use the funds for rapid expansion in the online eyewear space in the MENA region. eyewa is now the largest online eyewear retailer in the UAE and KSA.
Team
William Gabriel Star
Chairman, President and Chief Executive Officer
Drew Richard
President
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