Led · 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

Ripple offers blockchain-based enterprise solutions spanning global payments, custody, liquidity, and treasury management. It operates a multi-asset prime brokerage platform called Ripple Prime that provides financing and other services to institutional clients in traditional and digital markets. Founded in 2012 and based in San Francisco, Ripple positions itself as a one-stop shop for moving, storing, exchanging, and managing value. The company has secured a $200M debt facility from funds managed by Neuberger Specialty Finance to support growth of Ripple Prime and extend client financing. The financing is intended to increase Ripple's capacity and enhance its ability to serve new and existing institutional relationships. The deal reflects Ripple's focus on expanding institutional-facing products and access to capital.

Participated · Debt Financing · Apr 2026

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.