Led · Equity · Mar 2026

Equator Renewables Asia (ERA) is a renewable-energy developer founded in 2023 by Frank Phuan, the former co-founder of Sunseap Group. The company is building utility-scale solar farms, 3.2 GWh of battery energy storage, and green hydrogen infrastructure across Indonesia’s Riau archipelago to support future clean-power exports to Singapore and sustainable industrial zones in Batam, Bintan, and Karimun. Its current Indonesian pipeline totals approximately 2.2 GWp of solar capacity. In parallel, ERA has already secured subsea space licences for transmission cabling and is working with both governments to resolve regulatory requirements for long-tenure export licences. The firm cites regulatory hurdles, price volatility, and land-access rights as key operational challenges but plans to locate projects on sites controlled by strategic partner KPN Corporation when feasible. The newly raised S$50 million finances site development, early-stage project preparation for solar, feasibility studies and pilots for green hydrogen, and associated storage and transport solutions. Founder Frank Phuan and the management team also invested alongside external strategic backers, underscoring internal confidence in ERA’s growth plans.

Participated · Series D · Feb 2026

ElevenLabs builds AI voice models and provides voice-as-a-service offerings aimed at enterprise customers, including multilingual automation and in-network AI agent use cases. The company has secured enterprise contracts with customers such as Deutsche Telekom, Revolut, and Klarna. ElevenLabs reported rapid revenue growth, ending last year with nearly $350 million in ARR, adding $100 million in net new ARR in Q1 2026 to reach roughly $450 million, and later surpassing $500 million in ARR. Its valuation climbed from $6.6 billion in September to $11 billion in February. The startup recently acquired the team from Polish voice AI startup Papla to bolster its research capabilities. It has also completed a $100 million tender and is enabling retail investment via Robinhood Ventures as part of its fundraising activity.

Participated · Series A · May 2025

Openlayer provides a unified platform for evaluation, observability, and governance of AI systems, supporting both traditional machine learning and generative AI. The platform offers multimodal testing, real-time monitoring, and automated governance within a single workflow and is built for collaboration, including non-technical stakeholders. Openlayer is used to detect data-quality issues, perform complex model evaluation, and operationalize safe, reliable AI in enterprise settings. The company says its development velocity is rapid, having grown nearly 5x in 2024 and on pace to match that growth this year. Openlayer was founded by Gabriel Bayomi, Rishab Ramanathan, and Vikas Nair and is based in San Francisco. The company plans to use new capital to expand enterprise-grade product capabilities and scale go-to-market efforts across key industries and global markets. Openlayer provides a platform for testing and validating machine learning models, enabling teams to verify dataset integrity, surface discrepancies between training and production data, and ensure models meet performance benchmarks. The platform also generates synthetic data for edge-case detection and adversarial testing, tracks versions of models and datasets, and explains model behavior by surfacing which features influenced predictions. Startups through Fortune 500 companies are using Openlayer to uncover unexpected mistakes and diagnose failures. The founding team includes former Apple ML engineers, an ex-Amazon engineer, and a Harvard Design Engineering graduate. Openlayer was named to CB Insights' AI 100 in May 2022. The company plans to use the seed funding to expand its workforce, enhance platform functionality to handle additional ML tasks, build more sophisticated guardrails, and ultimately automate parts of the error-detection and fixing process.

Participated · Equity · Oct 2024

Perlego operates a subscription-based digital library providing access to over one million academic, professional and non-fiction titles. The company has signed partnerships with thousands of publisher brands globally to populate its library. It is used by students worldwide and sells access via a recurring subscription model. Perlego was founded in 2017 by CEO Gauthier Van Malderen and is based in London, UK. The company plans to use new funding to expand internationally and to develop AI-driven products, including Dialogo, an AI-powered research assistant. Its most recent round brought total funding to date to $75M. Perlego operates a textbook-subscription platform that gives paying users unlimited access to textbooks, fiction and other course materials. It currently has 400,000 paying subscribers and a catalogue of about 850,000 titles, which the company says makes it the largest online textbook subscription service. Perlego works with roughly 5,000 education publishers, including Cengage, Routledge, Cambridge University Press, Elsevier and Harvard University Press, and is linked with 6,000 institutions across 172 countries; about 40% of its students are in the U.S. The company saw rapid growth during the COVID-19 pandemic (450% subscriber growth in 2021) and says its catalogue rose 166% in the last year and by more than 500,000 titles since 2019. Consumer pricing is £12/month in the U.K. ($18 in the U.S.) with an annual plan that averages £8/month ($12/month) and a two-week free trial; publishers receive roughly 65% of subscription revenues plus additional consumption-based commissions. Product plans include building an ecosystem for course material (annotations, shared libraries, instructor tools), exploring premium tiers and potentially selling physical copies, while the company rejects ad-supported models. Perlego is a London-based textbook subscription service that gives students and professionals access to a large digital library across web, iOS and Android. It houses over 300,000 eBooks from more than 2,300 publishers, including Pearson, Wiley and Sage, and offers content in multiple languages with publishers from Germany, the Nordics and Italy. Professionals comprise about 30% of users, and Perlego reports a 116% month-on-month increase in new subscribers, though it does not disclose total subscriber numbers. In the U.K. the service is priced at £12 per month for access to the full digital library and is positioned as a "Spotify for textbooks" to address high textbook costs and piracy. Perlego says the new funding will be used to build the next-generation "smarter learning platform," add features that simplify and enhance learning, and expand content libraries in non-English languages. The company intends to use these additions to support expansion into strategic European markets beyond its U.K. roots. Perlego provides students and professionals unlimited access to hundreds of thousands of academic and professional eBook titles for £12 a month. The service works with around 650 publishers, including Oxford University Press, Princeton University Press, Macmillan Higher Education, and Cengage Learning. Publishers receive 65% of each subscription on a consumption basis, and Perlego supplies publishers with detailed data on title consumption. The company says its model helps monetise content for price-sensitive students, reduce piracy, and avoid cannibalisation of second-hand print sales. Founded by Gauthier Van Malderen and Matthew Davis, Perlego has joined the Founders Factory edtech accelerator backed by Holtzbrinck Macmillan. It plans to use new funding to grow the team, expand across the U.K. and Europe, and further develop its product for students and professionals. Perlego is a London-based e-book platform that offers academic and professional e-books through a monthly subscription. The company has partnered with over 240 publishers and offers more than 85,000 e-books to date. Founded by Gauthier Van Malderen and Matthew Davis, Perlego focuses on making academic and professional content available via subscription. The company intends to use newly raised funds to grow the team, expand publishing partnerships, and continue developing the platform. Financially, Perlego secured £500K in seed funding from private angels in the UK, Belgium and France, including investor Simon Franks.

Participated · Equity · Mar 2024

EclecticIQ builds an analyst-centric, open and extendable cybersecurity platform that combines threat intelligence automation and collaboration with forensic endpoint visibility and threat detection and response. Founded in 2014 by Joep Gommers and Raymon van der Velde, the company helps governments, large enterprises, and service providers manage threat intelligence and create situational awareness. It extended into hunting and response after acquiring Polylogyx's endpoint technology in 2020. The company operates worldwide with teams and offices in Europe, the UK, North America and India and works through value-added partners. EclecticIQ plans to use recent financing to accelerate R&D, further develop its platform, and expand into new countries and sectors through sales and marketing investment. The articles position the firm as a scale-up addressing a rising global cyber threat landscape. EclecticIQ develops threat intelligence, hunting and response technology that helps large enterprises, service providers and governments manage threat intelligence and create situational awareness. The company extended its capabilities into hunting and response with the 2020 acquisition of Polylogyx’s endpoint technology. EclecticIQ intends to use new funding to expand its product portfolio with additional use cases and to promote an intelligence-led cybersecurity approach. Management plans to increase its global presence by extending commercial teams in Europe and the United States and establishing operations in the Middle East, Africa and Asia Pacific. The company also aims to strengthen its global partner ecosystem. Founded in 2014, EclecticIQ operates globally with offices across Europe, North America and via certified value-add partners. EclecticIQ offers an analyst-centric suite of cyber threat intelligence products, including the EclecticIQ Platform (based on STIX/TAXII) and the EclecticIQ Fusion Center for acquiring thematic intelligence bundles. The company targets security professionals in threat intelligence, threat hunting, SOC, and incident response roles. It employs a team of about 60 across offices in Amsterdam, London, and Herndon (Virginia, USA). EclecticIQ intends to use its latest funding to accelerate workforce expansion and to broaden its portfolio of technologies and Fusion Center capabilities. Financially, the company has raised more than €20m to date following its latest round. Founded in 2014 by Joep Gommers and Raymon van der Velde, EclecticIQ continues to expand its product and service offerings for enterprise security operations. EclecticIQ provides a Threat Intelligence Platform (TIP) that enables operationalization of security information exchange, empowers collaborative analyst workflow and integrates cyber threat intelligence for detection, prevention and response. Led by CEO and founder Joep Gommers, the company mainly serves financial institutions and government agencies. It is based in Amsterdam and also maintains offices in London and Chișinău, Moldova. EclecticIQ secured a €5.5m Series A and has raised €6.5m in total (approx. $7.3m). The company said it will use the new funds to expand across sectors and geographies. No other operating metrics were disclosed in the article.