Participated · Equity · Feb 2025

Bitwise Asset Management is a crypto-specialist asset manager that offers a broad suite of 32 investment solutions across beta, alpha, and onchain strategies. Its product set includes yield and alpha strategies, multi-strategy solutions, separately managed accounts, onchain staking, index funds, and bitcoin ETPs. The firm ended 2024 with more than $12 billion in client assets after more than 10x growth during the year. Proceeds from the $70 million equity raise will bolster the firm's balance sheet and accelerate buildout of investment capabilities and investor solutions. Bitwise has offices in San Francisco, New York, and London and employs more than 100 technology and investment professionals, with plans to grow headcount to over 130 this year. More than 5,000 wealth teams, RIAs, family offices, institutional clients in the U.S. and Europe, and over 15 banks, broker-dealers, and platforms use Bitwise products. Bitwise Asset Management is a cryptoasset manager that runs a large crypto index fund (OTCQX: BITW) and a suite of products including the Bitwise 10 Crypto Index Fund, Bitwise Bitcoin Fund, Bitwise Ethereum Fund, and targeted products for DeFi and crypto equities. The firm recently launched the Bitwise DeFi Crypto Index Fund and the Bitwise Crypto Industry Innovators ETF (NYSE: BITQ), which tracks the Bitwise Crypto Innovators 30 Index of pure-play crypto equities. Bitwise focuses on partnering with financial advisors and investment professionals, providing education and research alongside its product lineup. The company manages over $1.2 billion in assets across its investment solutions and is currently profitable. Bitwise plans to use new capital to strengthen its balance sheet and accelerate a national buildout of its organization, team, and product suite. The firm is led by CEO Hunter Horsley and is based in San Francisco, CA. Bitwise Asset Management, founded in 2017 by Hunter Horsley and Hong Kim, is a San Francisco-based cryptocurrency investment startup. The company develops funds, indexes, insight, and other services for individuals, wealth managers, family offices, investment managers, and institutions. It is launching the Bitwise HOLD 10 Private Index Fund, a cryptocurrency index fund that holds the top-10 most valuable crypto-assets selected and weighted by market capitalization. The fund rebalances monthly and is designed to capitalize on hard forks and airdrops. Bitwise raised $4M in seed funding from a group of investors to support its product and growth plans.

Participated · Series B · Jul 2024

Loglass develops and provides a management-management cloud (Loglass) that helps companies streamline budgeting, planning, and performance-tracking workflows. The company has rapidly grown its customer base since Series A, increasing cumulative deployments more than sixfold and winning large customers such as KDDI, Kansai Electric Power, Ajinomoto, and Toppan Printing. Loglass recently launched a generative-AI-powered “AI performance analysis report” feature to enable instant, multidimensional management analysis. Its near-term strategy (2–3 years) is an XP&A rollout across departments and industries, while its long-term (about 10 years) plan is to build an AI ERP. Leadership has set targets through April 2027 that include exceeding 1,000 customers, offering 20+ products/services, and growing headcount past 500. The company plans to invest the new proceeds in product development (AI engineers, new businesses, development centers in Vietnam and India) and delivery (Kansai office, marketing/PR, and M&A).

Led · Equity · Mar 2022

Sales Impact Academy (SIA) is a UK-based go-to-market learning platform that combines live curriculum taught by elite go-to-market practitioners with an underlying learning technology platform. Its programs are designed to upskill B2B go-to-market teams and address a lack of structured education for sales and related functions. The platform is used by companies including HubSpot, Gong, Klaviyo, GitHub, G2, and 6sense. SIA plans to use new capital to develop more curriculum and continue building out its learning technology. CEO and co-founder Paul Fifield highlights the gap in structured learning for go-to-market professionals and the resulting training burden on companies. Investor Sir Clive Woodward, who has taught on the platform, praised its live, interactive teaching approach and noted SIA's rapid scaling in the US. Sales Impact Academy provides a continuous live learning platform and coaching roster focused on go-to-market skills across management and leadership, marketing, sales, prospecting, customer success, and revenue operations. Led by CEO and co-founder Paul Fifield, the platform features over 50 coaches, including Greg Holmes, Elissa Fink, Dan Steinman, Channing Ferrer, and Sir Clive Woodward. Since launching in October 2019, the company has created over 30 digital-first courses and delivered more than 900 hours of live classes to thousands of learners every day. The business already serves over 160 customers, including G2, Verbit, Klaviyo, and Outreach. Sales Impact Academy plans to use the new funding to grow the team and further develop its curriculum to support continued expansion. The company is based in London, UK.