Participated · Series A · Dec 2025

MetaComp operates a unified platform that integrates fiat and stablecoin payments with tokenized and traditional wealth products for global enterprises, financial institutions and ultra-high-net-worth individuals. Its infrastructure includes the StableX Network (powered by the StableX Engine and VisionX Compliance Engine), the PayX payments platform and WealthX treasury and investment services. The company services more than 1,000 institutional and accredited clients and says its Client Asset Management Platform processes more than $1 billion in monthly transaction volume and manages over $500 million in wealth assets. In 2025 the platform processed more than $10 billion in payments and over-the-counter trading volume across more than 13 stablecoins. MetaComp is licensed by the Monetary Authority of Singapore as a Major Payment Institution and, through affiliate Alpha Ladder Finance Pte. Ltd., offers services under Capital Markets Services and Recognised Market Operator licenses. The company plans to expand its StableX Network across high-growth regions and accelerate AI-driven features such as an Agent-Skills-MCP architecture.

Participated · Series D · Jul 2021

iCapital provides an end-to-end platform and marketplace that unifies onboarding, document workflows, performance data, compliance, and distribution for alternative assets, structured investments, and annuities. The company offers Enterprise Solutions, Technology and Data Services, AI-powered tools, and a digital marketplace to support wealth managers, advisors, and asset managers. iCapital says it has invested more than $700 million into its platform since inception and has completed 23 strategic acquisitions to date. It reports $945 billion of assets serviced on its platform, including $257 billion in alternative platform assets, $203 billion in structured investments and annuities outstanding, and $485 billion in client assets reported on. The firm supports over 750 product providers, more than 3,000 wealth management firms, 114,000 active financial professionals, and hosts 2,100 funds on platform, while employing about 1,875 people across 16 global offices. iCapital reports consistent operating profitability and plans to deepen technology, data, and acquisition-driven geographic expansion to further scale its offerings. iCapital Network operates a global fintech platform that streamlines access to private equity, private credit, hedge funds, structured notes, and other alternative investments for wealth management and asset management channels. Its flagship platform combines curated product menus, diligence and research, advisor education, compliance, and portfolio analytics to simplify workflows and lower minimums for high-net-worth clients. The company has expanded its product set to include structured notes and broadened offerings for accredited investors. iCapital reported platform assets of more than $104 billion and a global headcount of over 700 employees, with international platform assets of about $22 billion. It maintains offices and teams outside the U.S., including locations in Zurich, London, Lisbon, Hong Kong, Singapore, Tokyo, and Toronto. iCapital plans to use new capital to enhance its platform technology, expand strategy and product breadth, and pursue strategic acquisitions to broaden client capabilities. iCapital Network is a financial‑technology platform that provides end‑to‑end technology and services to broaden access to private market and alternative investments for wealth advisors, asset managers, banks and high‑net‑worth clients. The company offers a curated menu of private equity, private credit, hedge funds and other alternatives, together with advisor education, compliance, portfolio analytics and diligence capabilities. Proceeds from the latest capital raise will be used to enhance platform technology, expand the breadth of strategies and product types, grow the team, develop market‑leading technology solutions and pursue strategic acquisitions. Since its prior round in March 2020, iCapital has grown platform assets from $46 billion to more than $80 billion, doubled headcount, completed five acquisitions, launched over 45 white‑label partnerships and widened its international footprint. As of June 30, 2021, iCapital services more than $80 billion in global client assets across more than 780 funds and employs over 450 people. The company was founded in 2013 and is headquartered in New York City. iCapital Network operates a modular, end-to-end fintech platform that provides configurable subscription, administration and reporting workflows for private equity, private credit, hedge funds and other alternative investments. The firm’s flagship marketplace offers advisors and high‑net‑worth clients access to a curated menu of private funds at lower minimums plus due‑diligence and administrative support. iCapital’s platform is used by asset managers and banks to scale private-investment operations and to replace or enhance legacy systems. The company said the new capital will be used to enhance platform technology, expand functionality, deepen market education efforts, grow the team and support international expansion across North America, Asia, Europe and the Middle East. As of December 31, 2019, iCapital serviced $46.6 billion in invested capital across more than 100,000 underlying accounts, 470 funds and 55 white‑label partnerships, and had a headcount of 218. The financing strengthened iCapital’s balance sheet to operate as an independent company and continue product and global growth initiatives. iCapital Network provides a modular, end‑to‑end technology and service platform designed to streamline access to private equity, private credit, hedge funds and other alternative investments. Its configurable, highly scalable platform supports subscription, administration, and reporting processes and aims to ease operational burdens and improve the user experience for investors, advisors and asset managers. Banks and asset managers leverage iCapital’s tech‑enabled services to scale and streamline private investments operational infrastructure, while the firm’s flagship offering gives high‑net‑worth investors and independent advisors curated access to private funds at lower minimums with due diligence and administrative support. The company says Blackstone uses iCapital technology to expand access to alternatives in the private wealth segment. iCapital was included in the 2018 Forbes FinTech 50 and, as of June 30, 2018, serviced more than $6 billion in invested capital across more than 14,000 underlying accounts. The firm is positioning its platform as an industry‑standard technology solution for alternative investments and is expanding its strategic investor consortium.

Participated · Series C · Oct 2017

LendingHome is a San Francisco lender to real estate investors that combines technology and expert advice to help professional and first-time investors obtain financing quickly. Established in 2013, the company focuses on financing projects for real estate investors. It announced a $75M Series E round to support growth and expansion in the real estate investment market. LendingHome said it will use the funds to accelerate that growth. The company also appointed Michael Bourque as CEO; Bourque brings nearly 20 years of executive experience including leadership roles at General Electric and service as CFO of Ocwen Financial Corporation. As part of the financing, Richard Byrne of Benefit Street Partners will join LendingHome’s board. LendingHome operates a proprietary technology-driven mortgage marketplace that originates residential and high-yield bridge loans for homebuyers, property investors, and institutional and individual investors. The company is expanding its engineering team to accelerate its next-generation digital mortgage product for homebuyers and property investors. LendingHome also channels loans into externally managed investment vehicles, notably the LendingHome Opportunity Fund II, which buys residential bridge loans originated by the platform. Operating metrics reported in the article show loan volume more than doubled since the first quarter, surpassing $100 million per month and placing the company on an annual run rate of over $1 billion. Since it began lending in mid-2014, LendingHome has funded over $1.75 billion in mortgage loans and employs more than 300 people. The company has raised substantial equity to date, with total equity reaching $166 million following the announced financing. LendingHome operates a proprietary, 100% online mortgage marketplace platform that aims to simplify and speed the mortgage process for borrowers and provide attractive loans to institutional investors. The company says loans close five times faster and at one-third of the processing cost versus industry averages. Since launching in April 2014 it has originated over $100M in loans, records a 35% customer referral rate, and is lending in 13 states with a team of over 85 employees. LendingHome targets the non‑conforming mortgage opportunity and partners with credit funds, private equity firms, family offices and endowments. With the latest funding the company plans national expansion, the introduction of multiple new loan products, and enhancements to corporate infrastructure. The business was founded in October 2013 by Matt Humphrey and James Herbert and is headquartered in San Francisco.

Participated · Series C · Aug 2017

Ucommune operates a network of more than 200 co-working spaces across 37 cities, including locations in Singapore, New York, Taipei and Hong Kong, serving clients such as ByteDance, Ofo, Mobike and Kuaishou. The company’s core product is flexible workspace and related workplace services, and it has pursued aggressive consolidation, acquiring seven companies this year including Fountown (27 spaces) and several co-working brands plus an interior design firm and a workplace collaboration startup. Ucommune says it currently has about 100,000 workstations and plans to double capacity to 200,000 over the next three years while expanding to 350 cities across 40 countries. Financially, the company closed a $200M Series D that values it at $3 billion and brings total capital raised to around $650 million to date, according to Crunchbase. Ucommune was founded in 2015 and positions itself as WeWork’s main rival in China, where WeWork China has roughly 40 locations. The company is also moving into new international markets, with plans to open an inaugural Hong Kong space in December and a second in early next year. Ucommune operates flexible co-working and office spaces, claiming to manage 160 locations in over 35 cities. The company, formerly known as UrWork, competes directly with WeWork China and maintains a presence outside Asia in New York, London, Hong Kong and Taiwan. Ucommune announced a $43.5 million Series C at a $1.8 billion post-money valuation. The round was led by real estate-focused Prosperity Holdings and RK Properties, both described as strategic investors. Prosperity will help the company expand its presence in Southeast Asia (Ucommune already has operations in Singapore and an investment in Indonesia), while RK Properties will assist in upgrading existing office spaces, possibly akin to WeWork’s ‘Powered By We’ program. To date Ucommune has raised roughly $450 million and this year has completed four acquisitions, including Workingdom for around $45 million. UrWork is a Beijing-based co-working space provider founded in 2015 by Dr. Mao Daqing. The company offers long-term leasing, hot desk and corporate-customization solutions as well as professional services for SMEs. It currently covers over 100 locations across more than 30 cities worldwide, including Singapore, New York, Los Angeles, San Francisco and London. UrWork services over 3,000 enterprises and 40,000 individual members in total. The company completed a $45M Series C that valued it at $1.3 billion and plans to use the funds to drive further global expansion, community service and technology upgrading. The latest round was led by Qianhai Wutong Mergers and Acquisitions Funds with participation from CK Home — Key Investment Group and Context Lab. UrWork is a Beijing-based co-working leader that provides on-demand, short-term leasing and customized space solutions to startups, SMEs and corporate tenants. The company aggregates over 1,000 professional business service suppliers and serves over 40,000 individual members and more than 3,000 enterprises, including corporate members such as ofo bike, BlueGogo, Mobike, Amazon China, Jin Ri Tou Tiao, Netease and JD Logistics. UrWork offers an in-house Express Financing program, a series of acceleration programs, and the Link China Program to help foreign startups enter the Chinese market. As of August 2017 it operated 88 locations in over 22 cities and plans to open another 160 locations across 32 cities worldwide over the next three years. The expansion target covers a total area of over 7M sq.ft. The company raised a US$178M pre-C round resulting in a post-C valuation of US$1.5 billion and intends to use the funds for further global expansion and technology upgrading; it is led by founder and CEO Dr. Mao Daqing. URWork operates shared office space and offers complementary value-added services such as financial services, human resources, and healthcare to its community. The company reports annual revenue of around RMB 400 million ($58.5 million), with roughly 75% from core office space rentals and 25% from value-added offerings. URWork says it serves about 2,400 companies across 24 cities in China and has begun overseas expansion to Singapore, London, Taiwan and New York City. Since launching in April 2015 the company has completed six funding rounds and one merger. URWork aims to deepen and broaden its service portfolio to unlock additional monetization around its community. The partnership with Aikang is intended to bring traditional-sector resources to build a more specialized, service-oriented co-working experience beginning in the first half of 2018.

Participated · Series A · Apr 2017

Founded in 2016 by LendingClub founder Renaud Laplanche, Upgrade began with small personal loans and has since broadened into a full suite of consumer-facing financial products including checking and savings accounts, a credit card, credit-health monitoring tools, and a travel-focused buy now, pay later (BNPL) offering. The company acquired BNPL travel firm Uplift for $100 million in 2023 to deepen its presence in that vertical. Upgrade’s lending portfolio now spans home-improvement and auto financing, which have surpassed $2 billion and $1 billion in total originations, respectively. Annualized revenue topped $1 billion in May 2024, more than doubling since its last fundraise, and the business has been cash-flow positive for three consecutive years. Management is concentrating on unifying the customer experience across products to encourage cross-selling. Laplanche indicated the firm is 12-18 months away from an IPO but sought fresh capital to buttress the balance sheet and enable employee liquidity ahead of a listing. Competition remains intense from neobanks and fintechs such as Chime, SoFi, PayPal, Block, Affirm, and Klarna.