Participated · Debt Financing · Jun 2026

Perk is an AI-native platform that combines travel, spend and events into an integrated product experience, automating bookings, expenses, invoice processing and event management. Founded in 2015, the company says it is trusted by more than 12,000 companies worldwide, including On Running, Breitling and Fabletics. In 2025 Perk crossed $300 million in annualized revenue and reported 48% year-over-year revenue growth, alongside gross margins that expanded from about 40% to the mid-70s over three years. The company recently launched its integrated travel and spend platform and plans an upcoming U.S. launch of its integrated spend product. Perk intends to use new capital to accelerate investment in product, technology and AI and to support continued global expansion. The business emphasizes strong unit economics and a pathway to profitability in the short term.

Led · Debt Financing · May 2026

Nala builds a stablecoin-powered payments architecture that includes a consumer neobank application and “Rafiki,” a proprietary B2B payment infrastructure API. The platform connects commercial software networks to real-time financial systems and automates payment processing and payouts. Nala’s network spans 249 banking networks and 26 mobile money systems across 16 countries. The company plans to expand its cross-border payment corridors and accelerate onboarding of enterprise contracts in the US, Europe and emerging markets. Leadership is headed by Founder and CEO Benjamin Fernandes, with Nicolas Esteves as CTO and Nicolai Eddy as COO. The recent up-to-$50M debt facility will provide working capital to pre-fund larger business accounts and support those growth initiatives.

Participated · Series B · Oct 2025

Founded in 2019 by Mike Prytkov, Simple delivers weight-loss coaching through its AI assistant, Avo, which tailors nutrition, fasting, movement, and habit recommendations to each user. The app eschews generic calorie tracking in favor of real-time, individualized feedback, handling more than 100,000 daily coaching conversations and processing nearly 300,000 meal logs. Simple reports 700,000 subscribers and an annual recurring revenue run-rate of $160 million, and Prytkov says the business is already profitable. Its competitive set includes Noom, WeightWatchers, and MyFitnessPal, yet Simple differentiates itself with closed-loop LLM-driven personalization and by serving as a behavioral companion for GLP-1 medication users. Future product plans include deeper GLP-1 integrations, women’s health and midlife programs, and broader wellness modules covering sleep, stress, and movement. Prytkov’s long-term vision is for Simple to become the "Duolingo of health," a daily, engaging companion for building healthy habits.

Led · Debt Financing · May 2025

Butternut Box makes human-quality, freshly prepared meals for dogs, using meat and vegetables gently cooked and formulated with balanced vitamins and minerals. The company delivers meals direct to customers and donates a meal to a dog in need for every new sign-up. Since 2016 it has grown to feed hundreds of thousands of dogs across the UK, Ireland, the Netherlands, Belgium, Germany and Poland. In 2024 Butternut Box began feeding cats, launching a Fresh cat food brand in Marro. The business has raised over £380 million since inception and is pursuing further geographic expansion. New capital will be used to scale manufacturing and support growth across existing and new European markets. Butternut Box prepares and ships healthy, human-quality meals, snacks and supplements for dogs, allowing owners to select goods for regular delivery as part of a subscription. Founded in London in 2016, it serves the U.K., Ireland, the Netherlands, Poland and Belgium. The company emphasizes "human-quality" ingredients that are tested and tasted by real people and offers health-focused options addressing issues such as high rates of overweight dogs in the U.K. (estimated at 65%). Prior to the latest financing it had raised a little over $110 million across several rounds. With the new £280 million ($354 million) funding the company says it plans to expand further into Europe. The business positions itself within a large pet food market (around $100 billion in 2022, with canine representing more than 40%). Butternut Box is a London-based fresh dog food company founded in 2016 that delivers personalized, human-grade fresh meals for dogs via a tech-driven platform. Its proprietary algorithm tailors portion sizes by calculating calories from age, weight, breed, activity level and body condition, then pre-portions daily servings. The company produces natural dog food and the article notes studies suggesting dogs fed a natural diet may live up to three years longer than those fed industrial canned products. Butternut Box is led by Kevin Glynn and David Nolan, both Goldman Sachs alumni. It competes in the U.K. market with Lily’s Kitchen, Tails.com and Natural Instinct. The company has just raised $55.4M (€47.2M) in a funding round to scale up operations. Butternut Box is a human-grade, cooked fresh dog food company that delivers personalised pre-cooked meals tailored to a dog’s size, age, breed, fitness and dietary needs. The company uses end-to-end technology to optimise efficiency from customer order through food preparation and delivery. Since launching in 2016, Butternut has produced more than 20 million fresh meals and is described as the largest fresh dog food manufacturer in Europe. The debt financing announced will support expansion across the UK and construction of a state-of-the-art facility to increase order capacity. Looking ahead, Butternut plans to expand into additional channels and product categories, including treats, supplements, toys and accessories. Founders David Nolan and Kevin Glynn emphasise the company’s purpose of improving pet health and scaling its operational footprint. Butternut Box is a UK-based fresh food delivery brand for dogs that produces human-grade, cooked meals with personalized dietary offerings and a digital approach. Founded in 2016 by Kevin Glynn and David Nolan, the company has produced more than 20 million meals for dogs across the UK. It received a strategic investment and intends to use the funds for operational enhancements and to grow and diversify across existing and new channels. Planned product expansion includes additional dog categories such as treats, supplements, toys and accessories. The company combines direct-to-consumer delivery with a digital platform to manage personalized diets and fulfillment.

Participated · Equity · May 2024

Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market operates a technology-enabled platform across multiple construction material categories including ready-mix concrete, steel, paints, electricals and modular kitchens. For FY26 the company is estimated to have reported consolidated revenue close to Rs 20,000 crore, up about 7 percent year-over-year, with EBITDA of around Rs 1,750-1,800 crore and margins improving to roughly 9 percent; net profit for FY26 is estimated at about Rs 300-325 crore. The company has raised more than $500 million in funding since inception and continues to attract participation from large investors. Infra.Market has confidentially filed draft IPO papers for a proposed Rs 5,000 crore public issue and received SEBI observations in January 2026, and is targeting a public listing within the next four to six months. The company is pursuing a final private capital raise (Series H) to shore up its balance sheet and reduce debt ahead of the IPO.