Participated · Seed · May 2025

Persona AI develops bipedal humanoid robots designed to perform welding and other skilled trades in heavy manufacturing, with an initial focus on shipbuilding. The company has iterated three hardware generations in 24 months, performed its first untethered weld in a Houston shop, and demonstrated outdoor walking in protective materials. Persona AI has units already at HD Hyundai and plans prototype delivery by the end of 2026 with commercialization in 2027. It plans to offer robots via a robotics-as-a-service (RaaS) model to reduce customer capital expenditure and enable large-scale fleet deployments. The founding team includes veterans from NASA and prior humanoid efforts, and the company targets markets with acute labor shortages and repetitive, high-value welding work.

Participated · Seed · Jan 2023

Asset Reality is a London-based company founded in April 2020 that provides an end-to-end solution for digital asset recovery, serving both public and private sector clients. Its platform delivers investigation services, data & analytics, asset management, auditing, and integrations with custodians and investigation providers. For the public sector it offers ARMS, a cloud Asset Recovery Management System to track and audit portfolios of seized assets; for the private sector ARCS provides a victim support service desk for web3 and crypto companies. The platform supports users throughout a fraud or theft incident, from initial detection through the entire recovery process. Asset Reality is already used by Consensys to support MetaMask users and by several government and law enforcement agencies. The company raised $4.91M in Seed funding and plans to use the proceeds to triple its engineering team and expand its operations and growth management teams.

Participated · Series A · Nov 2022

Archax is a UK-regulated digital asset exchange and tokenization firm that operates an in-house tokenization platform. The company has integrated the Stellar blockchain into its tokenization tool and launched a tokenized Aberdeen money market fund on the Stellar network. The Stellar Development Foundation invested in Archax as part of a broader partnership to accelerate tokenization of real-world assets, though the firms did not disclose the investment size. Last month Archax acquired BaFin-regulated Deutsche Digital Assets to expand into crypto exchange-traded products in Europe. The company is positioning itself to serve the rapidly growing tokenized real-world-asset market, which the article cites as having doubled to $26 billion and projected to reach $1 trillion by 2030. The article does not disclose operating metrics, revenue, or valuation for Archax. Archax is an FCA-regulated UK digital securities exchange, brokerage and custodian focused on institutional clients. Its custody services are already live and the exchange platform is live while it onboards initial issuances ahead of a planned formal launch in 1Q 2023. The platform offers spot trading in Bitcoin and Ethereum and intends to list a range of tokenised assets and regulated crypto ETPs that settle in Crest with ISIN codes. Archax is working with abrdn to tokenise funds and enable institutions to trade regulated instruments representing underlying crypto assets. Membership targets broker members, family offices, hedge funds, private banks, wealth managers, investment banks, prop trading firms and market makers. Technology for the regulated market is provided by Aquis Technologies' AME and AMS running in the Equinix LD4 datacentre, while Archax has built its own matching engine, front end and APIs. Archax operates a regulated digital securities exchange and custody platform, having secured FCA approval as a key part of its go‑to‑market strategy. The company completed its exchange platform build and obtained its FCA licence in August, milestones investors cited as central to the business. Archax has raised funding to meet regulatory capital requirements needed to launch the platform. It closed an oversubscribed $8 million seed round after initially targeting $5 million, reflecting strong investor demand. Management and investors have framed the licence and capital as foundations for launching and expanding a worldwide ecosystem of next‑generation digital assets under FCA regulation.

Participated · Series A · Nov 2021

TabTrader offers a mobile-first platform (iOS and Android) that aggregates prices and token availability across dozens of centralized and decentralized crypto exchanges. Its core features include customizable cross-exchange price alerts and a Kayak-like aggregation model that earns rebate fees from exchanges when users execute trades through connected accounts. Users can plug wallet information into the app to trade via connected exchanges; TabTrader says it never has access to user funds. The company reports more than 400,000 active users and operates with a 20-person team, monetizing via exchange rebates, a $12/month subscription tier, and advertising. TabTrader is beginning to integrate decentralized exchanges, starting with Solana-based platforms including Serum, Raydium and Orca, which the team views as a major growth opportunity. CEO Kirill Suslov says the startup scaled to its current audience without paid marketing.

Participated · Series A · Jun 2021

TRM Labs develops blockchain analytics and artificial-intelligence software that enables law-enforcement agencies, national-security organizations, financial institutions, and cryptocurrency businesses to trace funds, identify illicit activity, and build investigative cases. Its platforms link on-chain and off-chain data to construct comprehensive threat pictures and streamline financial-crime risk management tasks such as alert disposition and exposure assessment. Headquartered in San Francisco, the company also operates hubs in Los Angeles, New York, Washington D.C., London, and Singapore. With the newly raised capital, TRM plans to deepen its AI capabilities for spotting and disrupting criminal networks, strengthen connections between crypto activity and real-world adversaries, and grow its roster of AI researchers, data scientists, engineers, and domain experts. The roadmap emphasizes accelerating product development that lets institutions manage financial-crime risk more efficiently. No revenue or user figures were disclosed in the article.