Participated · Series C · Jun 2026

Honeycomb uses an AI-driven platform that ingests hundreds of data points—geospatial datasets, aerial imagery, and building history—to price multi-unit residential risks without physical inspections. Its underwriting approach allows the company to offer premiums it says can be up to 40% cheaper for well-maintained buildings compared with traditional carriers. Customers include landlords, condo associations, and HOA boards managing multifamily housing. Honeycomb was co-founded in 2019 by CEO Itai Ben-Zaken and CTO Nimrod Sadot. The company reported it was cash-flow positive and profitable, ending 2025 with $275 million in gross written premium and more than $100 billion in total insured value across 22 states. Management projects crossing $500 million in GWP in the next couple of years as it scales the business.

Participated · Equity · Oct 2024

Klasha builds a payments platform and API stack that enables merchants and enterprises to collect, send, and hold exotic and hard currencies via virtual multi-currency accounts, collection and payout APIs, and cross-border wire services. The company focuses on seamless B2B payment rails between Asian and African markets and already works with Asian PSSPs and companies such as Coda Pay, Fomo Pay, Easy Transfer and the Chinese Chamber of Commerce in Yiwu. Klasha collects and sends over 120 currencies and targets fast terminations in multiple currencies at competitive prices. With the new funding it plans to expand its B2B cross-border payment capabilities in Asia, including opening a new office in Hangzhou, China. The company has obtained an MSB license to operate in the United States, authorizing it to act as a currency exchange and money transmitter. Founded in 2021 by Jess Anuna and based in San Francisco, Klasha has raised a total of $6.5M to date. Klasha provides a suite of business- and consumer-facing products connected via one API to streamline cross-border commerce in Africa. Its merchant products include KlashaCheckout (collect payments from six African countries and pay out in G20 currencies), KlashaWire (local-currency supplier payouts) and Payment Links for merchants without storefronts. On the consumer side Klasha offers virtual cards in Nigeria, Ghana and Kenya and a retail-facing app, KlashaCart, which is live in Nigeria and will expand to Kenya soon; the company also operates a logistics arm to deliver purchases. Klasha makes revenue through sales commissions and merchant subscriptions for analytics. The company reports growth of 20% month-on-month in merchant acquisitions and 17.5% month-on-month in transaction volume, has processed more than 210,000 transactions from over 1,700 merchants, and grown its consumer base to about 45,000 customers. Klasha plans to revamp its app to enable retailers such as ASOS, Zara and H&M to accept payments from African consumers and to expand its platform across more markets. Klasha offers a suite of payments and logistics products to help African consumers buy from international merchants and for merchants to accept African payments. Its core products include Klasha Checkout (local-currency checkout with bank, card, USSD, M-Pesa and mobile money), KlashaWire (settlements to merchants in dollars or euros) and payment links, plus a mobile app that issues virtual cards and supports send/receive in Nigeria, Ghana and Kenya. The company also manages logistics via third-party partners to deliver goods from Europe and the U.S. in roughly five to nine days. Klasha generates revenue from sales commissions and subscription fees for merchant analytics. Since a relaunch in May it has processed more than 20,000 transactions, reports 10,000 customers across Nigeria, Ghana and Kenya, and says it is growing 366% month-on-month. Klasha plans to expand into three more African countries before year-end and aims to help retailers such as ASOS, Zara and H&M accept payments from African consumers.

Led · Equity · Oct 2024

Founded in 2019 in Vienna by Delivery Hero co-founder Markus Fuhrmann and former Zalando CIO Philipp Erler, Gropyus applies advanced robotics and end-to-end digital planning to industrialise multistory housing construction. Its Richen factory employs 50 KUKA robots and achieves 86% automation, producing timber-hybrid walls and ceilings in about 16 minutes for modular on-site assembly. The approach shortens construction timelines by 30-50 %, lowers costs and carbon emissions, and allows high customisation of apartment layouts. Gropyus aims to scale output to 3,500 apartments, or roughly 250,000 m² of living space, per year by moving from one to three production shifts. The company is currently piloting a 68-unit klimaaktiv GOLD project in Salzburg with Rhomberg Bau and plans to run multiple projects in parallel across the EU. Financially, equity raised now exceeds €400 million, supplemented by €40 million in European Investment Bank (EIB) venture debt, with profitability targeted for 2027-28.

Led · Seed · Jun 2024

Sova Health develops gut-focused healthcare products and programmes, including gut microbiome tests and probiotic supplements. The company targets common conditions such as irritable bowel syndrome, acidity, constipation, and bloating. It will use recent funding to advance product development, hire talent, and expand its presence across geographies. Sova Health was founded by Tanveer Singh and Max Kushnir. The startup previously raised pre-seed backing from Goodwater Capital, Brinc, IIMA Ventures, and Stanford Angels. Current public reporting does not disclose revenue or user metrics for Sova Health.

Led · Seed · Jun 2023

M80 is an esports organization focused on expanding its footprint across esports, content creation, and consumer products. The company plans to become a web3-enabled gaming and esports company through a division called M80 Labs. M80 announced a $3M seed funding round that sources said matched the amount it had been seeking. The round was led by ExpertDojo, VT Technology Ventures, and Practical Venture Capital. A majority of the early investors are making their first steps in esports, and the article suggests M80's web3 components likely compelled their commitments. The article notes investor backgrounds: ExpertDojo has a diversified portfolio across banking, fintech, edtech, software, and entertainment; VT Technology Ventures previously invested in and exited Framerate, which was founded by current M80 CEO Marco Mereu and sold to Super League Gaming for $2.5M in 2019; Practical Venture Capital's disclosed investments include Kitchen Data Systems, Klasha, Headout, Forecastr, Sova Health, and SolidBlock.