Participated · Series B · Jul 2026

Flex positions itself as a private bank for high-net-worth and middle-market business owners, providing multi-currency accounts, stablecoin payment systems and wallets, institutional USD accounts, private credit, business cards across entities, and an AI finance agent called Beacon. The company has launched Flex Global, a stablecoin-powered banking service available in more than 100 countries, with multi-currency accounts in 76 countries supporting 32 currencies. Flex reports strong growth metrics: annualised total payment volume exceeding $10 billion, annualised revenue now in nine figures after tripling since December, and customers using an average of four or more products. Its largest client categories by count are construction, wholesale, and multinational businesses, and it targets an estimated 350,000 high-net-worth business owners in the U.S. and about 3 million worldwide. Flex plans to expand into business finance, personal finance, payments, private credit, and ERP, and to roughly double headcount from ~110 to over 200 within the year.

Participated · Series B · Jun 2021

Securitize provides infrastructure to tokenize real-world assets, enabling asset managers and institutions to issue blockchain-based versions of funds, bonds and private credit. The firm, backed by investors including BlackRock and Ark Invest, has worked with clients such as Apollo, KKR, Hamilton Lane and VanEck. Earlier this year it assisted the New York Stock Exchange in building a tokenized securities platform. Securitize is moving to go public via a SPAC merger with Cantor Equity Partners II and expects the combined company to list on the NYSE under the ticker SECZ after closing. The company is positioning itself within a tokenized real-world assets market that observers estimate has grown to more than $30 billion and could expand substantially over the next decade.

Participated · Equity · May 2020

Blockdaemon offers a full-stack node infrastructure and staking platform with institutional-grade security, scalability and monitoring, accessible via APIs and a Blockdaemon Marketplace. The company supports 50+ blockchain networks and operates across 70+ points of presence on cloud and bare metal, powering tens of millions of registered users through exchanges, custodians and other financial institutions. Its product suite includes transaction nodes, institutional staking, custodial APIs, integrated liquidity solutions, high-availability clusters, and tooling for NFT and DeFi use cases. Blockdaemon is advancing an Open Source Ecosystem Initiative to improve node software, crypto libraries and public documentation to increase network resilience. The company has been expanding its team (adding over 150 full-time employees, mostly engineers) and closed 2021 net income positive. Near-term plans include accelerating strategic acquisitions, further enhancing the node stack product suite, launching a DeFi Fund to reinvest earned assets, and commercializing a KYC-only liquid staking product via a partnership with StakeWise. Blockdaemon provides institutional-grade blockchain node infrastructure, staking and node-management services, supporting 40+ blockchain networks across cloud and bare-metal deployments. Its platform offers APIs, high-availability clusters, auto-decentralization and auto-healing to exchanges, custodians, crypto platforms, financial institutions and developers. Over the past year the company grew valuation 70x, revenues 20x and headcount 5x, launched more than 25,000 nodes and averages more than $10 billion in staked assets monthly. Blockdaemon has expanded its global cloud-region and data-center footprint and is extending its presence in Europe through the acquisition of Anyblock Analytics. The Anyblock purchase brings on-chain analytics, monitoring, API and node-hosting tooling and adds the Anyblock team to accelerate NFT infrastructure and expand Blockdaemon’s Ubiquity data API capabilities. Advisors on the transaction included Galaxy Digital Partners (financial) and Cooley LLP and Bird & Bird LLP (legal). Blockdaemon operates a blockchain infrastructure platform that lets customers deploy, manage and stake nodes across cloud and bare-metal environments with institutional-grade security, scalability, and monitoring. The company supports 40+ blockchain networks (including Ethereum 2.0, Bitcoin, Solana, Cardano, Polkadot and others) and offers a Blockdaemon Marketplace for global node deployment. Blockdaemon powers exchanges, custodians, crypto platforms and financial institutions and reports tens of millions of registered users across its customers. Over the past year it doubled managed node count from 8,000 to 18,000, launched over 10,000 ETH 2.0 validators, averaged more than $10 billion in staked assets, and expanded to 70 points of presence globally. The company says it achieved a 70x increase in valuation, a 20x increase in revenue and a 5x increase in headcount over the past year. Blockdaemon has added regional and data-center diversification and an insurance guarantee for customers. The company plans further international hiring and strategic acquisitions and intends to expand APIs, financial reporting capabilities, and infrastructure integration for institutional clients. Blockdaemon provides institutional-grade node infrastructure and staking services, offering cloud and on‑premise deployments, APIs, high-availability clusters, auto-decentralization and auto-healing. The platform supports more than 40 blockchain networks and powers 25 million registered users across the platforms it supports. Over the past year Blockdaemon has deployed more than 10,000 nodes across 40 networks and 20 global regions. The company reports averaging more than $5 billion in staked assets and says it is on track to have upwards of $50 billion by year end, and it has grown revenue 10x since the beginning of the year. Management says the new capital will be used to expand node infrastructure services, grow headcount globally (including recent senior hires), strengthen presence in emerging markets, deepen strategic relationships with financial institutions, and accelerate growth via targeted acquisitions. Blockdaemon is a distributed ledger infrastructure startup that offers a node management platform with auto-scaling, enhanced monitoring, high-availability clusters, APIs and cloud-managed node monitoring for on-premises or cloud deployments. Developers gain access to back-end systems and more than 30 protocols through the Blockdaemon Marketplace, including Bitcoin, Litecoin, Ethereum and Stellar. The platform targets networks, exchanges, enterprises, custodians, developers and funds and claims more than 250 institutional customers. Named customers and partners include Trust Wallet, Coinfund, the Algorand Foundation and Ledger. Blockdaemon plans to broaden its infrastructure offerings to include financial reporting and additional APIs to cover more industry use cases. It also intends to contribute to the stability and accessibility of payment-centric networks and projects such as Transparent Systems, Celo, MobileCoin, the Lightning Network and ETH2.0.