Led · Series B · Dec 2025

Parametrix Insurance is a digital infrastructure insurer specializing in coverage for cloud and data-center downtime and cyber incidents. Its platform continuously monitors performance of more than 7,000 cloud-based technology providers and about 750 data centers, generating over one billion data points each month to quantify risk and automate claims. Policies offer pre-agreed, rapid payouts when defined outages occur, eliminating the need for traditional loss adjustment. The company recently expanded beyond cloud downtime to cover any computer-system failure and has launched a cyber insurance product that embeds digital business-interruption protection within standard cyber policies. Parametrix focuses on large enterprises, including Fortune 500 clients, and distributes its products through insurance brokers rather than direct sales. Management reports revenue in the “tens of millions of dollars” and says the business has tripled annually while operating with a lean 30-person team split between Israel and the United States.

Participated · Seed · Jul 2025

Theker develops AI-native generalist robots designed to operate autonomously and adapt in real time to changing industrial environments. Its technology targets industries such as logistics, retail, food and beverage, and waste management and is being deployed to address labour shortages in manufacturing and retail. The company positions its robots as a new category compared with traditional rigid, task-specific industrial robots. Founded in 2022 and based in Barcelona, Theker has raised €18 million in seed funding and an $85 million Series A. The firm plans to use the new capital to accelerate deployments with industrial operators, deepen its proprietary AI and robotics stack, and expand engineering and deployment teams.

Led · Series B · Jul 2025

Wrisk provides a purpose-built, data-driven platform that enables automotive brands and insurers to deliver embedded and branded insurance experiences across the full ownership lifecycle, from quote and bind to renewal and claims. Its proprietary embedded data framework harmonises inputs from connected car systems, telematics, transactional records and customer interactions to support pricing, claims and customer engagement. Wrisk powers programmes for BMW, MINI, Volvo, Mercedes‑Benz, Jaguar Land Rover and Stellantis, and reported triple-digit revenue growth in 2024 with more than 100,000 policies written last year. The company acts as a partner to insurers and OEMs to launch, scale and operate tailor-made regulated insurance solutions designed for multi-product cross-selling. Going forward, Wrisk is focused on expanding across Europe, investing in data and intelligence, scaling partner programmes and improving platform scalability to support OEM digitisation and changing mobility trends. Wrisk is a digital‑first B2B2C insurtech provider focused on the motor insurance space that offers an embedded, white‑labeled platform for pricing, distributing, and managing insurance products. Its customizable platform enables automotive brands to build frictionless, mobile‑first insurance experiences. The platform can be delivered as a fully managed MGA service to UK clients or licensed directly to insurance companies and enterprise partners globally. Wrisk maintains strong partnerships with global auto OEMs and insurance carriers. Its perpetual insurance platform is described as unique in the UK and enables a true subscription proposition. Flow Capital’s recent investment is intended to help accelerate Wrisk’s commercial activities, continue growth within the UK and European markets, and support further global expansion. Wrisk is a London-based insurtech that provides a customizable mobile-first insurance platform for automotive, retail, telecommunications and other brands. Led by CEO Nimeshh Patel, the company partners with insurance companies to deliver mobile-first insurance at the point of sale. It has partnerships with the BMW Group, the RAC, Allianz and Munich Re. Last month Wrisk launched a flexible monthly subscription car insurance product that allows people to pay for the miles they drive, in partnership with the RAC. The company said it will use the funds to expand operations, broaden its business reach and further scale its platform.

Participated · Equity · Apr 2025

Hokodo offers a digital accounts receivable management platform that enables B2B merchants and marketplaces to provide instant and flexible payment terms. The platform consolidates payments, collections, credit insurance, fraud management and financing to facilitate instant B2B credit across sales channels. The company says its service drives customer growth by making business-to-business credit available across all sales channels. Fueled by growing buyer demand for omnichannel B2B experiences, Hokodo has recently developed new products and features for sales channels beyond online. On April 23, 2025, Hokodo raised €10M in funding. The company intends to use the proceeds to finance product innovation and increase operational capacity in preparation for a Series C round. Hokodo, established in 2018, provides a digital platform that enables B2B buyers across the UK and EU to defer payment by 30, 60 or 90 days and offers modular Pay in Instalments and Pay Now features. The platform streamlines the order-to-cash process, makes credit decisions in real time, protects merchants against bad debt, and offers working-capital finance options. Merchants that integrate with Hokodo see on average a 40% increase in revenues, and the company has processed payments for more than 50,000 business buyers. Hokodo has forged partnerships with BNP Paribas, Citi and SCOR, acquired a Lithuanian payments company in 2023 and became an EMI, and is expanding operations across Europe and North America. With a new €100 million debt facility from Viola Credit, Hokodo will facilitate more than €1.5 billion of B2B transactions over the next 24 months. The financing will support continued roll-out and expansion of its embedded Pay Later and Pay Now offerings for B2B merchants and marketplaces. Hokodo provides Buy Now, Pay Later solutions to the B2B market, enabling business customers to access instant, interest-free payment terms. The company serves merchants via online channels and is developing BNPL solutions for telesales and in-store purchases. Hokodo is a leader in the UK and is actively expanding into continental Europe. Recent merchant onboarding includes Paris Fashion Shops in France and Katoo in Spain, following earlier launches with Ankorstore in Belgium and the Netherlands. The company plans to use new funding to enter additional European markets and to build out new B2B products and channels. Hokodo is led by Louis Carbonnier and Richard Thornton and is pursuing category leadership in B2B BNPL across continental Europe. Hokodo is a fintech that enables B2B merchants to offer instant, B2C-like "Buy Now Pay Later" payment terms through API integrations. Its platform automates the order-to-cash cycle — from credit checks to collections and working-capital finance — and protects merchants against non-payments. Merchants using Hokodo report an average 40% increase in revenue. The company’s solutions are backed by Lloyd’s of London via the Channel Syndicate, a unit of SCOR SE. Hokodo targets a large Western European B2B market (>$12 trillion total, $680 billion online) and estimates a $15 billion revenue opportunity. The firm was founded in 2018 and operates with a team of over 30 people in London and Paris, with plans to double headcount by end of 2021 and grow another 100% in 2022. Hokodo makes invoice insurance accessible to SMEs by enabling protection of single invoices rather than insuring entire turnover. It uses data science and machine learning to underwrite invoice-level risk and distributes products via APIs embedded in accounting, invoicing and sales platforms. The company has developed HokoScore, a proprietary credit-scoring algorithm to help businesses assess client and supplier creditworthiness. Hokodo launched its technology in the UK in October 2018 and has established partnerships with Centrifuge and CountingUp. A €2.0m Horizon 2020 grant will fund launches of invoice protection and HokoScore in France and Germany within 12 months and will support development of two new trade credit products due by the end of 2019. Financially, the company previously raised €2.1m in seed funding led by Anthemis.

Participated · Equity · Oct 2024

Submer develops immersion cooling systems that operate entire server racks inside vessels filled with a proprietary, biodegradable, non-conducting coolant (which the company says has the viscosity of water). Its product lineup includes a range of immersion fluids and smart containers designed for servers, and the company reports agreements with major server OEMs including Dell and Intel. Co-founded by Pol Valls (currently CFO) and CTO Daniel Pope, Submer counts at least one hyperscaler, telecoms like Telefónica, corporates such as ExxonMobil, the European Commission, and major research centers among its customers. The founders developed the solution drawing on retired industrial engineers and material scientists, and the company has been building an ecosystem of compatible server components. Submer has raised $55.5M in the current round at an implied valuation of about $500M and—per PitchBook—has now raised around $100M total. The startup recently appointed Patrick Smets as CEO in January 2024 and plans to use the new funding to scale its business and expand partnerships and customer deployments. Submer develops an immersion-cooling system that operates servers submerged in an eco-friendly, non-toxic, non-flammable and biodegradable fluid housed in specialized containers. The company says the approach can reduce energy consumption by 50%, cut water use by 99%, and take up 85% less space. Founders Pol Valls and Daniel Pope developed the technology with retired industrial thermodynamics engineers and reached a viable product after six prototype iterations. The founders briefly advanced to final interviews with Y Combinator but were not accepted. Submer positions its technology for edge and urban deployments where low-latency applications (5G, smart cars, IoT) require compute closer to users and contrasts its approach with large-scale experiments like Microsoft’s underwater servers. The market opportunity is cited at about $25 billion (Global Market Insights) and the company recently raised roughly $12 million in new financing led by impact investor Norrsken VC and Tim Reynolds.