Participated · Series E · Nov 2024

Ualá operates as a digital bank and fintech that serves retail customers across Latin America, reporting 11 million customers with the majority in Argentina. The company provides banking services and has been expanding its product set in new markets, including offering access to U.S. stocks and ETFs. Ualá is navigating a recent tougher credit cycle in Argentina, where rising defaults followed rapid loan growth and higher interest rates, and expects Argentine operations to return to breakeven as credit quality improves. It is pursuing geographic expansion into Mexico and Colombia, taking a cautious lending approach in Mexico while adding new products. The financing announced in March and participation from investors is intended to strengthen Ualá's balance sheet and support that regional growth strategy.

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 E · Jan 2022

Lukka provides enterprise data and software solutions that help risk-mature businesses address financial, risk, compliance, and trade finance issues complicated by blockchain data. Its core product set includes Enterprise Data Management Software for audit-ready cryptoasset financial reconciliation and reporting. The company serves customers needing standardized, auditable blockchain data and reporting across multiple business entities. Lukka intends to use the new funds to expand operations and accelerate development efforts. Founded in 2014 and headquartered in New York City, the company has formed a commercial partnership to broaden its product use across large portfolios. The partnership with Animoca Brands will enable that partner to leverage Lukka’s software globally for reconciliation and reporting, enhancing its capabilities to manage and analyze blockchain data. Lukka provides institutional‑grade crypto-asset software and data, offering middle- and back‑office solutions that bridge blockchain data and traditional business needs. Its products meet rigorous technical control standards, including AICPA SOC 1 Type II and SOC 2 Type II. High‑profile customers named in 2021 include State Street, S&P Dow Jones Indices, and RSM, and its customer base spans crypto‑native firms to institutions at the intersection of crypto and traditional finance. To date Lukka has processed more than $2.1 trillion in unique transactions supporting 10,415 entities engaging in crypto activities. The company says the new capital will accelerate an aggressive growth and global expansion strategy. The firm emphasizes institutional accuracy and completeness across its suite of reporting, analytics, and data solutions. Lukka provides institutional-grade middle- and back-office software and crypto asset data that transform complex blockchain information into audit-ready, easy-to-use inputs for traditional financial operations. Its products, including Lukka Reference Data, Lukka Prime and the consumer-facing Lukka Essentials, are built to institutional standards such as AICPA SOC controls. The company serves both crypto-native and traditional financial customers, including over 200 active crypto funds and firms like S&P Dow Jones Indices, IHS Markit, RSM, and Arca. Lukka reports having processed $4.4 trillion in unique transactions to date. With plans to add features supporting derivatives and DeFi, the firm intends to scale operations to meet institutional adoption needs. Founded in 2014 and based in New York City, Lukka emphasizes accuracy, completeness and audit readiness for financial reporting, risk management, and audits. Lukka provides institutional-grade software and data that turn complex blockchain and crypto asset data into usable information for middle- and back-office operations. Its product suite includes Lukka Reference Data, Lukka Prime (a fair market value pricing methodology for crypto assets), and LukkaTax for Professionals. The company builds its solutions to institutional technical control standards such as AICPA SOC Controls. Lukka serves customers including digital asset exchanges, trading desks, CPA and accounting firms, fund administrators, miners, protocols, and auditors. It plans to expand its institutional-grade software and data products to traditional businesses and funds as they rapidly adopt crypto assets. Founded in 2014, Lukka is based in New York City.

Participated · Series B · Sep 2021

Jeeves offers an integrated solution that lets businesses manage corporate cards, automate bill payments, reconcile invoices compliant with Mexico’s SAT requirements, and access treasury services such as dollar-backed stablecoin wallets for cross-border operations. Thousands of clients—including SmartFit, BMW, Lululemon, H&M, MacroPay, Kueski, and Nubank—use multiple Jeeves products simultaneously, giving the company the highest average revenue per customer among regional fintechs and banks. Mexico has become Jeeves’ largest market, with revenue there growing more than 250 % in the last 12 months and net revenue retention consistently above 130 %. The company operates in over 20 countries and has built market-specific credit programs to support larger enterprise customers. Recent product enhancements leverage AI to simplify the creation and reconciliation of CFDI invoices. The firm is led by founder and CEO Dileep Thazhmon and recently appointed former Capital One executive Pablo Cortina as Chief Revenue Officer. Jeeves’ strategy is to deepen its presence in Latin America while expanding credit capacity to serve bigger accounts, funded by its enlarged credit lines.

Participated · Series C · Jun 2021

Yieldstreet operates a technology-driven private markets investment platform offering access to alternative assets across ten asset classes, including real estate, private credit, private equity, and art. The company reports having over 500,000 members using its platform. Yieldstreet closed an initial $45 million equity investment as part of a planned $60 million Series D to fund growth and continue delivering private market alternatives. Management says the new capital will be used to accelerate growth plans and enhance the company’s technological infrastructure. Investors and partners highlighted Yieldstreet’s distribution and platform capabilities as core strengths. The financing is described as strengthening Yieldstreet’s financial footing as it expands private markets opportunities for investors. Yieldstreet operates an online marketplace that lets eligible retail investors access private-market alternatives such as real estate, private credit, private equity, art and other asset classes. The company creates funds and products with lower minimums to widen access to investment strategies that were previously mostly available to institutions and ultra-wealthy individuals. Yieldstreet emphasizes partnerships with asset managers, sponsors, and originators to source diversified opportunities across litigation finance, small business, consumer, private funds and real estate. Founded in 2015 and headquartered in New York City, Yieldstreet has attracted more than 400,000 users and over $3 billion in funding on its platform to date. The company positions itself to scale its product suite and increase the number and scope of offerings for its investor base. Management says additional capital and financing capacity will accelerate deal flow and platform growth. Yieldstreet is a multi-asset alternative investment platform that gives retail investors access to alternative investments previously reserved for institutions and ultra-high-net-worth individuals. Its technology platform offers products across asset classes including Real Estate, Commercial, Consumer, Art, Marine, Legal Finance and Aviation. Since its foundation in 2015, Yieldstreet has funded over $2.5 billion of investments and has over 325,000 members on its platform. The company is headquartered in New York City and has offices in Brazil, Greece and Malta. Yieldstreet plans to use new capital to advance its technology roadmap, expand sales and marketing capabilities, and grow its international distribution. Its stated mission is to help millions generate $3 billion of income outside the traditional public markets by 2025, and it is backed by venture capital firms, large family offices and private equity investors. Yieldstreet operates an online marketplace that fractionalizes institutional-style, asset-backed investments (real estate, art, marine/shipping, legal finance, commercial loans) for retail investors. The company has funded nearly $1.9 billion on its platform and reports about 300,000 consumers signed up, up from roughly 100,000 in February 2019. Since inception it says it has provided nearly more than $950 million in principal and interest payments to investors. Yieldstreet expects over 50% revenue growth in the current year versus 2020. The firm plans to use new capital to expand its user base, develop new investment products, pursue strategic acquisitions and explore international expansion into Europe and Asia. Yieldstreet was co‑founded by Milind Mehere and Michael Weisz and maintains headquarters in New York City with offices in Brazil, Greece and Malta. YieldStreet operates an online platform that offers access to alternative investments across asset classes including real estate, marine/shipping, legal finance and commercial loans. The company has attracted more than $600 million invested on its platform from over 100,000 members, with an expected 12% IRR and more than $300 million in principal and interest paid to investors. Until now the platform has required users to be accredited investors; YieldStreet also offers YieldStreet Wallet, a savings product paying 2.2% interest that is open to everyone. The new capital will be used to expand the platform and create investment vehicles that do not require accredited status, and the company is working through the legal and regulatory aspects of those products. Management is also exploring ways to enable retirement and IRA account access for users. YieldStreet operates in the U.S. and positions itself as a democratising force to broaden access to products previously reserved for institutions.