Led · Seed · Mar 2025

Abound is a remittance mobile app spun out of Times Internet in 2023 that targets Indian expatriates, primarily in the U.S. The app lets users send money to India and offers a rewards and cashback layer across services including live sports streaming, grocery shopping and OTT subscriptions. Abound generates revenue from advertising tied to rewards and from foreign-exchange spreads on remittances. The company says it has processed over $150 million in total remittances from more than 500,000 monthly transacting users, processed $110–120 million in the past 12 months, and reports revenue growth of about 50% month-over-month since launch. Abound plans to add products such as high-yield savings, India-focused investments and cross-border credit solutions, and envisions banks participating on its platform. The firm currently has a team of about 40 people primarily based in India and plans to expand headcount, build an executive team in the U.S., and eventually enter markets such as Canada, Singapore and the UAE. Abound (rebranded from Times Club) is an app for non-resident Indians that enables transfers to more than 130 Indian banks and shopping at over 4,000 Indian grocery stores; it is available on iOS and Android. The product bundles loyalty and card-linked rewards, cashbacks, curated content, competitive exchange rates and speedy transfers, and supports free sign-up via Plaid or card issuer rails. Planned product additions include joint accounts, an inclusive membership model and premium cross-border cards to extend privileges to users’ family in India. Abound runs a dual-revenue model that pairs advertiser partnerships with user benefits and is considering subscriptions as an additional monetization path. Since the original Times Club launch in February 2020 the app has generated $65M in GMV, currently records daily transaction volumes of $500K (with a target to double) and estimates GMV reaching $90M by the quarter’s end. The company is incubated by Times Internet, led by CEO Nishkaam Mehta, and is scaling its team (currently 38) while planning geographic expansion beyond the U.S.

Participated · Seed · Dec 2024

GAIB provides an economic layer for AI compute, tokenizing enterprise-grade GPUs and their yields to create yield-bearing assets backed by real AI demand. Its platform aims to create a decentralized, liquid market for GPU financing and to enable DeFi use cases built on top, including GPU-backed stablecoins, lending and borrowing, options and futures, and structured products. The company intends to use the funds to expand R&D and operations, accelerate product iteration, and strengthen its infrastructure. GAIB is led by CEO and Founder Kony Kwong and is based in Singapore. The article does not report operating metrics such as revenue or user counts.

Participated · Equity · Jun 2024

Nuffle Labs is a newly formed spinout created by the NEAR Foundation to push NEAR modularity and decentralize development in the ecosystem. The company will build and offer rollups using NEAR’s Data Availability (NESR DA) and Fast Finally Layer (NFFL) products. As an independent entity, Nuffle Labs is intended to make agile decisions to keep NEAR Modular products competitive. The spinout is positioned to leverage strengths across the NEAR Foundation, Ethereum, and EigenLayer ecosystems to enhance efficiency and resilience. The formation was accompanied by a $13 million fundraise to support its launch and operations. The funding structure included a grant from the NEAR Foundation alongside external investment to back the new organization.

Participated · Equity · Jul 2023

Opolis is a member-owned digital employment platform that uses blockchain and web3 technology to provide employment infrastructure for independent workers. The platform supplies tools to professionalize independent businesses, including payroll, benefits management, and shared services such as unemployment, disability, and tax compliance. Opolis positions itself to democratize access to career development and next-generation employment services regardless of geography. The company plans to scale its business and deliver a more frictionless user experience, with a roadmap prioritizing improved access to accounting data, tax reporting details, and health insurance information. Leadership includes Executive Steward and founder John Paller, who has roughly 20 years of experience in HR technology and founded ETHDenver. Opolis has raised capital to support growth and is headquartered in Denver. Opolis operates the Opolis Employment Commons, a digital employment cooperative that provides payroll, benefits and shared services to independent workers. The Independent Worker Coalition grew to more than 2,500 global members across 63 countries shortly after launching in April 2021. The Commons uses token-based incentives: it runs $WORK reward programs, referral and sign-up bonuses, and a member dashboard that supports staking to earn additional $WORK. Opolis emphasizes a community-led Web3 funding model and completed a Series Seed II round combining equity and grants to support its infrastructure. The funding involved DAOs, DeFi projects, investment syndicates, and HR-tech and blockchain industry investors from around the world. The company aims to reshape how independent workers relate to employment by aligning community stakeholders and ecosystem participants.

Participated · Series B · Apr 2023

Clear Street operates as a broker of securities and derivatives, serving clients with trading and related capital-markets services. According to documents reviewed by Bloomberg, the company generated approximately $940 million in net revenue in the twelve months ended 30 September 2025. It also posted a 2024 net profit of $89 million, a sharp turnaround from a $18 million loss in 2023. Executive Chairman Uriel Cohen and CEO Ed Tilly, the former chief executive of Cboe Global Markets, lead the company. Clear Street’s latest fundraising valued the business at $12 billion and paves the way for a near-term IPO filing. The firm has reportedly engaged Goldman Sachs, Morgan Stanley, and UBS as advisers for the prospective public listing.