The Venture Codex

Participated · Series C · Aug 2026

Founded in 2020 in Nigeria and now headquartered in Dubai, Moove started as a vehicle-financing startup and expanded into ride-hailing and deliveries in Africa before moving into autonomous vehicle operations in 2023. The company currently owns and operates a 42,000-vehicle human-driven ride-hailing fleet across 14 countries and employs about 3,300 people globally while continuing to provide vehicle financing to gig drivers. Moove serves as the fleet operator for Waymo in Phoenix, Miami and Las Vegas and plans future operations in London; it also already owns robotaxi vehicles from another AV developer. The firm intends to acquire robotaxis via debt financing and aims to scale to potentially hundreds of thousands of vehicles over time. Moove is investing in automated depots called Nests to enable around-the-clock, robotics-assisted charging, maintenance and servicing, and expects its traditional mobility business to achieve full profitability this year.

Participated · Series C · Dec 2023

X-energy’s core product is the Xe-100, an 80-megawatt, high-temperature, gas-cooled SMR that uses billiard-ball-sized, carbon-coated uranium fuel pebbles and helium coolant to generate steam for electricity. The company is focused on establishing a supply chain capable of delivering these reactors at scale and has already secured orders for 144 SMRs totaling 11 gigawatts of capacity. Early customers include Amazon, Dow, and British utility Centrica; Amazon alone has committed to more than 600 MW of capacity in the Pacific Northwest and Virginia, with the potential to deploy up to 5 GW by 2039. X-energy is positioning its technology to meet surging demand from tech companies and data-center operators seeking reliable, zero-carbon power. Financially, the startup has raised $1.8 billion to date, with $1.4 billion of that coming in the past year through its Series C and Series D rounds. The fresh capital will be used to build out the manufacturing and supply infrastructure required for large-scale SMR deployment.

Participated · Equity · Mar 2023

Silfab Solar is North America’s leading designer, developer and manufacturer of high-efficiency, premium photovoltaic (PV) modules. The company operates state-of-the-art facilities in Washington and Toronto and will soon add cell and PV module production in Fort Mill, South Carolina, scheduled to be operational by the end of the year. Silfab leverages more than 40 years of solar experience, multiple automated production lines, ISO 9001:2015 certification and just-in-time manufacturing to deliver Buy American–approved modules for the North American market. To scale its new cell manufacturing plant and expand PV module production capacity, Silfab closed $100 million of new financing. The financing consists of a $50 million equity investment led by funds advised by ARC Financial and a $50 million senior secured “Green Loan” led by Breakwall Capital with participation from SR Alternative Credit LLC. Sustainable Fitch provided a second-party opinion and judged the Green Loan’s alignment with Green Loan Principles to be “Excellent.” Management says the proceeds will advance domestic cell production, support reshoring of US-made PV products, meet customer demand, increase domestic content and reduce carbon footprint. Silfab Solar designs, develops and manufactures ultra-high-efficiency, premium PV modules for the North American residential and commercial markets. The company operates automated, ISO 9001-2015 certified production lines and produces Buy American–approved modules from facilities in Washington state and Toronto, Canada. Silfab leverages roughly 40 years of solar industry experience and offers industry-leading warranties on its products. The company is expanding U.S. production to include domestic PV cell and additional module assembly at a third facility slated to be fully operational in 2024. That new facility is planned to have an initial annual capability of 1 GW of cell production and 1.2 GW of module assembly and is expected to create more than 800 U.S. jobs. Silfab says it has grown more than 40% since ARC Financial’s initial investment in 2021. Silfab Solar Inc. manufactures ultra-high-efficiency, premium photovoltaic (PV) modules for the North American residential and commercial markets. It operates automated, ISO 9001-2015 quality–certified production lines in facilities in Washington state and Toronto, Canada, delivering Buy American–approved modules. The company leverages roughly 40 years of solar experience, offers industry-leading warranties, and recently earned “Top Performer” ratings from PV Evolution Labs. Silfab has recorded multiple capacity expansions and partners on next-generation technology applications. The company plans to significantly expand U.S. production and its supply-chain footprint to meet growing domestic demand and support more American solar jobs.

Participated · Series B · Nov 2022

Swell Energy builds virtual power plants (VPPs) by aggregating distributed solar-plus-storage systems and coordinating them via its GridAmp™ software platform. The company links utilities, customers, and third-party service providers to deliver grid services, bill savings, GridRevenue™, and energy security for homeowners and businesses. The announced funding will support development of 600 MWh of VPPs through deployment and aggregation of 26,000 energy storage systems across the United States, with projects in Hawaii, California, and New York. Swell operates three business verticals—Grid Services, Finance, and Development—and works with utilities to expand residential participation in capacity bidding and other programs. The company is pursuing development in underserved markets to provide grid flexibility, load management, renewable balancing, and ancillary services. Swell is headquartered in Los Angeles and emphasizes reducing reliance on fossil-fuel peaker plants while improving local grid resilience.

Led · Series A · Oct 2018

Gogoprint operates an online printing marketplace offering printed business cards, flyers, booklets, posters and marketing collateral such as promotional pens, stationery and flash drives. The company uses a batching approach to bundle customer orders for each print run, lowering costs and improving printer utilization. Gogoprint operates as a pure marketplace and partners with local printers rather than owning machinery. It has worked with about 45,000 companies, focuses on larger clients like Honda, Lazada and Lion Air, and reports a 60% average repeat-customer rate. The company claims customer numbers grew 200% over the past year, has roughly 125 staff with plans to add about 30, and recently hired a CTO to support scaling. Management declined to provide revenue figures but says it has a path to profitability with product profit margins of roughly 30–80%. Gogoprint is a Thailand-based online printing startup that launched in November 2015 and initially serves the domestic Bangkok market. It targets business users—especially SMEs—and offers paper-based products such as business cards, flyers and brochures with 48-hour delivery. The company operates with a team of fewer than 20 and was founded by Alexander Suss and David Berghaeuser. Gogoprint has raised a mid-six-figure U.S. dollar investment from OPG (Online Printing Group), an investment firm associated with Kai Hagenbuch. The founders estimate the Southeast Asian printing industry at $25 billion annually and are planning regional expansion and a Series A in the second half of the year. Planned product and service expansions include banners, stickers, potential marketing/design partnerships, a Bangkok dispatch office, and replicating a local-printing model in target countries.