Participated · Series B · Jun 2026

Dawn Aerospace develops reusable space transportation systems, including the Aurora spaceplane and the Loop in-orbit refueling network. The company plans for the Aurora spaceplane to become the first vehicle to fly twice-daily to the Kármán line in 2027. Its Loop refueling network is targeting an in-orbit demonstration in 2028, and Dawn said it will demonstrate in-orbit refueling of its satellite propulsion systems in 2028. Financially, Dawn recently closed a US$25 million Series B at a $195 million post-money valuation led by Balerion Space Ventures. The company intends to use the Series B proceeds to accelerate global expansion of its reusable space transportation business. No operating metrics or founding year were disclosed in the sourced article.

Participated · Equity · Oct 2022

CrowdStreet is an Austin, TX–based online real estate investing platform that gives investors direct access to a diverse range of commercial real estate opportunities. Led by CEO Tore Steen, the platform enables individual investors to invest in single-property deals, professionally managed funds, and separately managed accounts. Since inception the company has raised over $3.6 billion from individual investors for more than 670 commercial real estate projects across the U.S. In 2021 CrowdStreet's investor community funded $1.2 billion, the company's first billion-dollar year. As of August 2022, 138 investments had been fully realized, producing an average 17.5% IRR and a 1.50x average equity multiple. The company plans to use new funding to improve the technology that powers its platform and to expand into the wealth management channel so financial advisors can help clients add commercial real estate to portfolios. CrowdStreet operates an online marketplace that gives accredited investors access to institutional-quality direct equity investments in commercial real estate. The platform enables sponsors to raise capital through online fundraising and to manage investors both on the Marketplace and via a SaaS solution. Led by CEO Tore Steen and based in Portland, Oregon, the company also leveraged its own platform to facilitate fundraising and investing. CrowdStreet said it intends to use the $12M Series C proceeds to expand operations. The company was on track to raise over $500 million in real estate investment capital through its Marketplace in 2019, more than in its first five years combined. Since inception it has returned more than $80 million in cumulative distributions to thousands of investors across almost every state. CrowdStreet operates an online marketplace and software platform that helps real estate developers and operators raise capital, acquire investors and manage offerings, while enabling high-net-worth individuals to invest in commercial real estate. The company plans to use the new funding to continue building out its fundraising and investment management platform and to accelerate its next stage of growth. Led by CEO Tore Steen, CrowdStreet combines marketplace listings with tools for managing portfolios and investor relationships. The platform reports 100,000+ investors and more than $320 million in capital raised across 220+ offerings. The company is based in Portland, Ore., and positions itself as both a marketplace and software provider for commercial real estate fundraising. CrowdStreet operates an online commercial real estate marketplace and a SaaS-based investor lifecycle management solution. The marketplace enables investors to co-invest alongside commercial real estate developers, operators and capital providers with minimums starting as low as $10,000. Sponsors can publish opportunities on the public marketplace or use Sponsor Direct, a white-label version of the software to publish deals on their own sites. Investors receive access to a secure, sponsor-branded investment website where they can review performance, correspond with sponsors, and download documents. The company will use the $3.5M Series A to further innovate its products and core technology, develop key partnerships and scale its investment platform. Leadership includes co-founder and CEO Tore Steen and co-founder and VP of Business Development Darren Powderly; Jeff Hinck of Rally Ventures will join the board as part of the financing. CrowdStreet operates an online marketplace that connects accredited investors with institutional-quality commercial real estate investment opportunities. Through the platform, investors can find pre-screened commercial real estate opportunities, manage offers, track investment performance and build portfolios by product type, geographic region and targeted return. The company was founded in 2013 and is led by CEO Tore Steen from Portland, Ore. CrowdStreet closed an $800K seed funding round and plans to use the funds to grow its investor membership base, attract new real estate sponsors and continue enhancing its platform. The firm has added Ian Formigle as vice president of Investments and Steve Drew as vice president of Product and Marketing. Board additions tied to the round include Dino Vendetti of Seven Peaks Ventures and Simon Yoo of Green Visor Capital.

Participated · Series A · Oct 2022

Xembly develops an AI assistant that analyzes conversations across meetings, Slack and email to detect intent, extract action items, summarize key moments, and automate scheduling and task follow-up. The platform’s machine learning pipeline is trained on a dataset of corporate meetings to power automated note-taking and action-item extraction, and it can optionally schedule focus time or follow-ups after a meeting. Xembly emphasizes user privacy by allowing configuration to delete items immediately after processing. The startup was co-launched by Pete Christothoulou, Peter Francis and Jason Flaks and counts early users such as Convoy, Unearth Technologies and Headway. It is investing the bulk of its efforts in improving the product’s AI capabilities and acquiring new customers as it continues to scale. The company has about 25 employees and currently does not charge customers.

Participated · Series B · Jun 2022

Prime Trust operates a suite of backend fintech and crypto infrastructure products that cover onboarding (AML/KYC/rails), monetization (trading and custody) and liquidity (IRAs and trading-related products). The company serves roughly 700 customers across exchanges, on-ramps, wallet apps, ATSs, RIAs, broker-dealers and banks and has grown its headcount to about 400. It plans to use new funding to launch a crypto-focused IRA retirement account, wealth-management offerings and crypto staking products, and to enhance support for tokenized products such as NFTs. Prime Trust is also investing in security and scalability improvements, including a new cloud architecture. The firm positions itself as a broad “one-stop-shop” backend provider for institutional clients that can pick and choose platform components. Prime Trust offers payment, settlement, KYC and liquidity APIs that management says cover the “full infrastructure stack” for neo-banks, crypto exchanges and other fintechs. The platform handles roughly 250 million API calls per month from clients including Binance.US, Kraken, Bittrex and Strike. Prime Trust has grown 448% year over year and is projecting an annual revenue run rate of $100 million; revenue has doubled every year since its custody wing launched in 2017. The company says its APIs are a central, “plug-and-play” part of the business and driver of client activity. With the new funding, Prime Trust plans an aggressive hiring campaign and to add systems to expand services beyond crypto into broader fintech use cases and alternative investments via tie-ups with neo-banks and registered investment advisors. Management intends the capital to support scaling across the organization as demand for its infrastructure grows.

Participated · Series A · Oct 2021

Easy Crypto is a New Zealand cryptocurrency exchange founded in 2018 by siblings Janine and Alan Grainger. The platform facilitates trading in more than 150 different cryptocurrencies. To date the company has recorded US$750 million in sales. It currently operates in South Africa, Australia, the Philippines, and Brazil. Easy Crypto plans to use new capital to expand into additional markets, notably Indonesia and Southeast Asia. The company’s core product is its crypto trading platform serving retail customers across its operating markets.