Participated · Debt Financing · Apr 2026

CareCloud offers AI-driven healthcare technology and revenue cycle management solutions for healthcare providers. The company intends to use the strengthened balance sheet from the new credit facility to expand its AI-enabled product offerings and drive organic growth across its core revenue cycle management platform. Management also plans to pursue strategic initiatives to increase scale and operating leverage. The April 13, 2026 credit facility is non-dilutive institutional debt that aims to lower the company’s overall cost of capital and enhance financial flexibility. CareCloud will redeem its outstanding 8.75% Series B Cumulative Redeemable Perpetual Preferred Stock on May 15, 2026, which is expected to eliminate about $3.2 million in annual preferred dividend obligations. Leadership characterized the transaction as a transformative step that simplifies the capital structure and positions the company for future growth.

Participated · Seed · Jul 2023

Maka Motors develops electric two-wheeled vehicles tailored to Indonesian riding conditions. The founders, former Gojek employees Raditya Wibowo (CEO) and Arief Fadillah (CTO), began in-house EV development last year. The company will start deploying pilot vehicles this month and aims to mass produce two-wheeled EVs by late 2024. The $37.6M seed will fund continued R&D and the construction of a factory in West Java beginning later in 2023. Maka emphasizes a blend of driving range, power, usability and durability at competitive prices to replace gasoline motorcycles. The team is roughly 40 people, including hires from gasoline motorcycle manufacturers and global automotive firms.

Participated · Equity · Jan 2022

Animoca, also known as Outblaze Ventures, focuses on developing and publishing mobile games and educational applications for iOS and Android devices. Since its debut in January 2011, the company has launched over 150 titles across smartphones and tablets. Animoca also operates several brands, including Dream Cortex, to broaden its reach in the mobile entertainment space. In only ten months on the market, its apps have amassed more than 40 million downloads worldwide, underscoring strong early traction with users. The firm’s rapid content rollout demonstrates an aggressive product strategy targeting global smartphone audiences. Backing from major technology investors suggests confidence in the company's ability to scale its portfolio further. While revenue figures were not disclosed, the significant download volume highlights Animoca’s potential for future monetization and growth opportunities.

Participated · Series A · Sep 2019

JULO provides a mobile-first, data-driven underwriting and risk assessment platform to process consumer credit applications and deliver near-instant credit decisions. Its product suite includes personal loans and a digital credit card launched in 2021, which supports non-cash payments and e‑wallet top-ups. The company emphasizes ongoing credit lines after a one-time assessment and claims strong product-market fit, having disbursed more than $300M to date. JULO reports more than 500,000 active users and says lending grew over 3x in 2021, with the loan book on track to increase more than 5x in the next 12 months. The platform is licensed by Indonesia’s Financial Services Authority (OJK). JULO plans to expand analytics, product development, marketing, and talent hiring to scale its offerings and customer acquisition. Julo is a Jakarta-headquartered peer-to-peer lending platform that issues loans primarily through its Android app. The company provides loans of about $300 at interest rates of roughly 3–5% per month and says its alternative-data credit scoring system enables lower rates. Julo works with banks and individual financiers to fund customer loans and has disbursed about $50 million to date. The two-year-old startup has raised about $16 million in total funding so far. Julo plans to use the fresh capital to expand its team and further improve its credit scoring system, and intends to focus on growing within Indonesia. Quona Capital highlighted that a significant majority of Julo’s loans are used for productive purposes that can enhance economic well-being and drive financial inclusion.