Led · Series F · Jul 2026

Digital Asset builds and operates the Canton Network, a public, permissionless Layer 1 blockchain that provides protocol-level privacy and confidentiality guarantees and runs applications written in its open-source smart contract language, Daml. Canton is designed to enable tokenized asset workflows across multiple parties while keeping transaction data confidential, and it has attracted marquee institutional participants including Visa, Goldman Sachs, and DTCC. The network has processed or issued more than $6 trillion in tokenized assets according to prior reporting, and Visa became a Canton Super Validator and added Canton to a stablecoin settlement pilot. The Canton ecosystem has also seen activity such as a $540 million raise by Canton Strategic Holdings (formerly Tharimmune) to build a Canton Coin treasury and a project called Zenith completing atomic swaps between Canton and an EVM-compatible environment. On the financing front, Digital Asset raised $135 million in June 2025 and $50 million in December 2025, and is now pursuing a roughly $300 million round led by a16z crypto. The company is backed by trading firms and banks including DRW Holdings and Citadel Securities.

Participated · Series B · May 2024

Hysata develops a new type of electrolyser featuring an electrolysis cell coupled with a simplified balance of plant to produce green hydrogen. The company intends to scale manufacturing capacity at its Wollongong, New South Wales facility and pursue gigawatt-scale production. Hysata plans to use the recent funding to expand production and further develop its technology. Led by CEO Paul Barrett, the company emphasizes high efficiency, intrinsically low capex, and a mass-manufacturable design to lower the levelised cost of hydrogen. Hysata currently employs roughly 75 staff and aims to grow to more than 200 employees over the next couple of years while expanding its footprint across multiple continents. Hysata has developed a redesigned hydrogen electrolyser that eliminates gas-bubble formation and cuts electrical resistance, claiming around 95% efficiency versus ~75% for current technologies. The company says the design greatly reduces cooling needs and can produce green hydrogen at well below the competitive target of $2 per kilogram. Hysata spun out of research at the University of Wollongong and is commercialising the laboratory concept. As part of commercialization, Hysata will build and test a 5 MW system at its Port Kembla manufacturing facility. The full system is planned to be moved to Rockhampton for installation and trials adjacent to Stanwell Power Station, with the field pilot due to commence in 2025. The project is framed as a key step to unlocking commercial demand if the prototype proves effective at scale. Hysata is an Australian company that develops hydrogen electrolyser technology to produce green hydrogen. Its core product is an electrolyser system that operates at 95% system efficiency. Led by CEO Paul Barrett, the company positions the technology for scalability with potential availability in Europe from 2030. Hysata raised USD23M in a Series A to support growth. The company intends to use the funds to grow the team and develop a pilot manufacturing facility. Participating investors include Virescent Ventures (on behalf of the Clean Energy Finance Corporation), Kiko Ventures, IP Group Australia, Vestas Ventures, Hostplus and BlueScope via BlueScopeX.

Led · Series B · Jan 2023

Energy X operates a Seoul-headquartered marketplace that enables the construction of zero-energy and sustainable buildings, covering services from architectural design to construction completion. Founded in 2019 by co-CEOs Sean Park and Tom Hong, the company serves building owners, construction companies and architects and counts Hyundai, Naver and Lotte among its clients. Beyond the marketplace, Energy X develops energy technologies including building-integrated photovoltaics (BIPV), HVAC efficiency solutions and a cloud-based, AI-managed building energy management system (BEMS). Since inception the startup says it has sealed 573 deals, representing an estimated 1.6 trillion won (~$1.3 billion) in construction value. The company currently employs 86 people and plans to grow headcount to 200 this year while launching operations in Japan with an office opening in February. Energy X is using recent financing to expand its marketplace and energy-efficiency technology offerings.

Participated · Series A · Nov 2021

42dot is Hyundai Motor Group's global software center focused on building a standardized software-defined vehicle platform for the group's vehicles. The center aims to complete development of the platform by 2025 and begin rolling it out across the vehicle lineup in 2026. 42dot has announced a partnership with Samsung Electronics to utilize Exynos Auto processors in platform development and contributed customization for Kia Assistant, which uses ChatGPT. Since Hyundai‑Kia's takeover in 2022, the group has injected substantial capital into 42dot, with cumulative investments of roughly 1 trillion won. The company plans to use new funds primarily for aggressive talent acquisition; over 100 job openings are currently listed and the firm says it has no set limits on hiring. Recent and planned funding is structured in phased capital infusions through 2025 to support development and hiring. 42dot develops an urban mobility operating system (UMOS) and two core solutions: AKit, a lidar-free autonomous driving software and hardware stack that uses cameras and imaging sensor radar, and TAP!, an autonomous mobility/logistics platform offering ride-hailing, fleet management, demand-responsive transport, and smart logistics. The company was founded in 2019 and is headquartered in Seoul. 42dot says AKit and TAP! are expected to commercialize in 2023 and its primary clients will be autonomous carmakers and mobility platform operators. It has about 200 employees as of October and plans to use proceeds to advance its AI-based technology, establish joint ventures, hire staff, and pursue growth through investment and M&A. The company has raised $130.1 million to date and its valuation is estimated at $425 million according to a source; a spokesperson declined to comment on valuation. Chang-Hyeon Song is CEO and co-founder and also heads the TaaS team at Hyundai Motor.

Led · Equity · Sep 2021

Bungae Jangteo operates a fashion-focused secondhand transaction platform and has been expanding paid services to improve the resale experience. It launched an authentication service, 'Bungae Care', in December 2022 and has been growing its safe-payment product, 'Bungae Pay'. The share of users aged 35–44 has increased, and paid services have seen rapid growth. Platform-based revenue in 2023 rose by more than 50% year-over-year. Management expects this year's revenue to more than double and views 2024 as the year it will return to profitability. The company says it will continue rolling out new services—including a platform-first overseas direct-purchase offering—to strengthen usability and transaction safety. Bungaejangter operates an online secondhand market focused on millennial and generation Z users. The company facilitates buying and selling of goods between individuals and aims to make secondhand trading convenient and safe. Following a recent investment, Bungaejangter plans to partner with Shinhan Card to offer services related to secondhand trading and to develop digital content. The company expects to combine Shinhan Financial Group’s financial infrastructure with its user base to benefit both services. Financially, Bungaejangter received a ₩30 billion investment from Shinhan Financial Group and previously received a ₩56 billion investment from a consortium last year. CEO Lee Jae-hoo said the investment recognizes the company’s business performance and innovative trading methods and will support continued leadership in the secondhand market.