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The Venture Codex

Pledge Ventures

Runway East, 20 St. Thomas Street, London, England, SE1 9RS, United Kingdom

Overview

Pledge Ventures is a value-aligned venture fund, and in partnership with Founders Pledge will invest exclusively in members’ companies. Pledge Ventures operates as a rules-based fund, basing its investment decisions on specific criteria. These criteria include the requirement that the founders or leadership of the target company are members of Founders Pledge, the company is in the process of raising a minimum of $20 million in a series B or later funding round, and the participation of a "top tier" venture capital firm in the investment round.

Total investments
4
Lead investments
0
Investments · 12mo
0
Active investors
2

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Nuro

    Participated · Series E · Aug 2025

    Nuro began with compact autonomous delivery vehicles and in 2024 pivoted toward licensing its self-driving software to automakers and transportation service providers. The company is developing an autonomous driving platform to be integrated into midsize vehicles and Lucid Gravity SUVs for passenger transport. Nuro has regulatory approvals in California to test vehicles without safety operators and to carry passengers during supervised trials as it prepares for a public launch later this year. Its strategic partnership with Uber and Lucid targets deployment of up to 35,000 autonomous taxis, with broader service goals set for 2027. Major investors include Nvidia and SoftBank, and recent financing activity assigns Nuro a $6 billion valuation following a $203 million round.

  • Blockchain.com

    Participated · Series E · Nov 2023

    Blockchain.com launched in 2011 as a blockchain explorer and later expanded into a cryptocurrency wallet and exchange that lets users hold, buy, sell and trade tokens. The platform has onboarded more than 90 million wallets for over 40 million verified users and has facilitated in excess of $1 trillion in crypto transactions. The company reported a $270 million loan exposure to Three Arrows Capital and was materially affected by the 2022 crypto market downturn. In July 2022 Blockchain.com cut roughly 25% of its staff (about 150 people) and closed its Argentinian office to reduce costs. Recent financing and board changes accompany the company’s efforts to address the fallout from the market stress. Blockchain.com began as a blockchain explorer and is best known for its open-source noncustodial wallet that leaves users in control of private keys. The company also operates a cryptocurrency exchange and offers services to institutional investors, including custody and large over-the-counter transactions. It reports 31 million users who have verified their identities and says active users have tripled over the past 12 months. CEO Peter Smith wrote that the company is highly profitable across each of its business lines. The new funding is intended to support rapid growth with late-stage investors and the company expects to pursue acquisitions in the future. Blockchain.com began as a blockchain explorer (originally named Blockchain.info) and later built an open-source bitcoin wallet that now supports additional cryptocurrencies and stablecoins. Its wallet is noncustodial, meaning users control their private keys, and the company has added features to mitigate loss of access. More recently the firm launched its own exchange to let wallet users trade more easily and expanded services for institutional investors, including order execution, custody, lending and OTC transactions. The company reports that 65 million wallets have been created via its website and mobile apps. Since 2012, 28% of bitcoin transactions have been sent or received by a Blockchain.com-managed wallet. Overall fundraising totals and specific revenue figures were not disclosed in the article.

  • Kibo School

    Participated · Seed · Jun 2022

    Kibo School offers moderated, collaborative online STEM degree programs targeted at students across Africa. Founded by CEO Ope Bukola with Keno Omu and Rob Cobb, the school launched last year and has run short courses that trained 400 students in 13 African countries. Its inaugural offering is a full-time three-year computer science degree priced at $6,000 per student and accredited through Woolf, a UK collegiate university, with students earning transferable ECTS credits. Kibo is enrolling students in six cities across Kenya, Nigeria and Ghana, and requires students to live at least 100 km from those cities to facilitate occasional in-person meetups and community building. The curriculum emphasizes collaborative projects, professional mentorship and mandatory internships, and the team is building an intelligent system to automate administrative tasks including student pairing. The school plans to introduce additional programs and move to quarterly intakes starting next year, with an initial cohort target of 100 students.

  • AltSchool Africa

    Participated · Seed · Feb 2022

    AltSchool Africa operates a remote-first online school that upskills non-technical and early-career learners with technical and soft skills and partners with higher institutions to provide diploma certificates. Its one-year software engineering program offers three tracks—frontend, backend, and cloud—with nine months of coursework followed by a three-month internship at local tech companies. Admission requires a home study kit, an assessment with an 85% pass mark for full entry, and the platform also exposes first-semester content for free to those not admitted. More than 8,000 people from 19 countries applied for the cohort starting in April, with strongest interest from Nigeria, Ghana, Uganda, Kenya, and Botswana. AltSchool currently uses an income-sharing agreement (graduates pay $500 after being hired, payable in installments) but is considering switching to a $20–$50 monthly subscription for the next batch. The company plans to add product, blockchain, and data courses (product modules targeted for Q2) and is exploring B2B partnerships with private schools while building content, technology infrastructure, and an offline/online community model.

Team