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MGG Investment Group

One Penn Plaza, 53rd Floor, New York, NY, 10119, United States

Overview

MGG Investment Group is a with traditional banks constrained by regulations put in place since the financial crisis, alternative investment firms and technology start-ups are increasingly in the business of lending to companies.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
4
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Investment portfolio

  • Credix

    Participated · Series A · Sep 2022

    Credix is a Belgian fintech marketplace that uses blockchain to connect institutional investors with smaller lending companies in emerging markets. Founded in 2022, the platform enables investors to deploy cryptocurrency—primarily stablecoins—into credit companies, which convert stablecoins into local currency to make loans. The startup says credit companies in several markets have borrowed more than $25 million through the platform in recent months. Credix raised €11.32 million in a Series A, and the company says the new cash will enable it to surpass the $100‑million mark. The firm plans to expand into Mexico and Colombia and grow teams in Antwerp, New York and São Paulo. Management says it will further innovate and scale up its global credit infrastructure and expand its ecosystem of funds, investors and credit companies.

  • Wasabi Technologies

    Led · Debt Financing · Jan 2021

    Wasabi Technologies has built a high-growth business offering Hot Cloud Storage that emphasizes predictable pricing by eliminating egress and API request fees. The company serves customers in over 100 countries and operates 16 global storage regions. Wasabi recently acquired Lyve Cloud from Seagate Technology and introduced Wasabi Fire, an NVMe-based storage class designed for compute-intensive AI and ML training. The business has raised over $700 million in total funding and was valued at $1.8 billion following a $70 million equity round led by L2 Point Management with participation from Everpure. Wasabi says it will continue investing in its platform, infrastructure, and global expansion to meet rising demand for scalable, secure data storage.

Team