Led · Seed · Jul 2020

Cambrian Asset Management is a quantitative, data‑driven digital asset investment firm that focuses on trading liquid cryptocurrencies including Bitcoin and Ether. The firm employs quantitative strategies aimed at generating risk‑adjusted returns uncorrelated to other asset classes. Founded in 2017, the team is led by Co‑CIO & CEO Martin Green, Co‑CIO & CFO Jay Posner, and P. Daniel Tyreus, PhD, Head of Engineering. The company completed three years of research, development, and testing of its investment strategy prior to raising external capital. Cambrian recently closed a seed equity round and plans to deploy the proceeds toward technology infrastructure, operations, and research and development. The raise positions the firm to scale its trading infrastructure and continue strategy development.

Led · Series B · Aug 2018

Tascent is a Los Gatos, CA-based intuitive biometrics company that provides devices, software, and services using face, iris, and fingerprint modalities to establish and verify identity. Its products are deployed globally and serve tens of millions of people every year across applications including consumer travel, enterprise access, employee identity, and government services. The company supports customers and partners through offices in Washington DC, Dubai, London, and Singapore. Tascent is led by Joey Pritikin and Alastair Partington. It recently raised $19.5M in a Series B financing and intends to use the funds to expand its biometrics product and solution suite and extend its global presence. Tascent develops biometric identity solutions with a focus on iris recognition, including its InSight Duo iris recognition system. The company emphasizes combining usability and accuracy in its products and supports multiple biometric factors to suit different use cases. Tascent has deployed systems at customers such as Dubai International Airport, London Gatwick Airport and several high-security facilities in the United States. The company recently acquired the Identity Solutions business unit of AOptix Technologies, gaining access to additional intellectual property and iris recognition technology. Tascent plans to use new funding to invest in product development and to expand its global presence. It already maintains offices in Singapore, Dubai and Washington, D.C.

Participated · Series A · Apr 2016

MyGlamm is a Mumbai-headquartered D2C beauty and personal care house of brands that sells primarily through its website, app and more than 30,000 retail touch points. The company pairs commerce with proprietary content and an influencer network of over 220,000 to drive discovery and sales; its POPxo content asset has grown to 88 million users. MyGlamm has pursued aggressive inorganic growth, spending about $270 million in equity and cash to acquire multiple firms and buying The Moms Co for over $65 million. The company reports EBIDTA break-even and is using new capital as a war chest to scale. Management plans international expansion in the second half of next year and aims to grow offline touch points toward 100,000 within months. The Good Glamm Group intends to file for an IPO in about two and a half years. MyGlamm is a Mumbai-headquartered D2C beauty and personal-care house of brands selling over 800 SKUs across makeup, skincare, haircare, bath & body, and personal care through its website, app and extensive offline presence. The company reports 15,000 point-of-sale touch points in India, with physical channels accounting for roughly 40% of current revenue. MyGlamm has integrated content and commerce by acquiring POPxo, which the article says serves over 60 million monthly active users and engages about 300,000 users each month; POPxo is run largely independently and aims to reach over 100 million users by March next year. The startup says it is acquiring roughly 250,000 new users each month without spending material marketing dollars. MyGlamm plans to use the fresh capital to expand product development, data science and technology research teams, grow its offline footprint and broaden POPxo’s digital reach. The founder, Darpan Sanghvi, started the company in 2017 after pivoting his prior venture. MyGlamm is a Mumbai-based marketplace that connects stylists, beauticians and nail and spa aestheticians with consumers for on-demand at-home hair, beauty, nail and spa services. Led by CEO Darpan Sanghvi, the company has launched an Artist Incubators program to train and incubate professionals before onboarding them to the platform. In September 2016 MyGlamm raised approximately $6 million in a Series A funding round. Backers in the round included L’Occitane International, Tano Capital and Brand Capital. The company intends to use the funds to expand its services across India and internationally.

Participated · Series D · May 2012

AltoBeam is a fabless IC design company developing products for advanced DTV receivers. Its flagship ATBM88xx demodulator families have been adopted by a significant majority of TV makers. In 2011 the company held over 80% TV and set-top box market share in DTMB/DVB-C demodulator shipments. AltoBeam recently closed a $6M Series D round that was oversubscribed. The company says the new capital will be used to fund rapid growth and product expansion. The company is headquartered in Beijing. AltoBeam develops advanced digital TV (DTV) demodulators and designs digital TV receiver chipsets. The company has established an R&D center in Beijing Tsinghua Science Park. Its management team has accumulated years of product experience in wireless communications, ASIC design, and analog and RF IC design. Team members previously worked at companies including Atheros and Qualcomm. AltoBeam closed a $6M Series C financing led by US Venture Partners. Existing investors DFJ DragonFund, Tano Capital and PYJ-Dynasty Venture Fund participated in the round.