Participated · Series E · Mar 2024

Nozomi Networks provides OT and IoT security through a platform that combines network and endpoint visibility, threat detection, and AI-powered analysis to support effective incident response. The company serves customers seeking to minimize risk and complexity while maximizing operational resilience for critical infrastructure. Led by President and CEO Edgard Capdevielle, Nozomi emphasizes OEM-agnostic security solutions in response to escalating attacks on critical infrastructure. The firm intends to use the new funds to scale product development efforts and expand its go-to-market approach globally. Nozomi is based in San Francisco, CA. The company recently completed a significant financing round that strengthens its financial position for growth. Nozomi Networks builds industrial cybersecurity software that detects threats to industrial control systems (ICS) and provides real-time visibility to manage cyber risk and improve operational resilience. Its technology supports almost 50 million devices across sectors including critical infrastructure, energy, manufacturing, mining, transportation and utilities. The company says it doubled its customer base in 2020 and saw a 5,000% increase in the number of devices its solutions monitor. Nozomi competes with firms such as Dragos and Claroty and emphasizes preventing attacks before they hit OT environments. It plans to scale product development and expand go-to-market efforts globally, with specific investments in sales, marketing and partner enablement and product upgrades for OT and IoT visibility and security. The business recently raised a significant pre-IPO financing to fund those efforts following a Series C earlier under two years prior. Nozomi Networks provides OT and IoT security and visibility solutions that deliver operational visibility, advanced threat detection and operational insight for industrial control networks. Its products are deployable onsite and in the cloud and span IT, OT and IoT to automate inventorying, visualizing and monitoring through the use of AI. The company’s solutions currently support more than 17 million devices in thousands of installations across energy, manufacturing, mining, transportation, utilities, building automation, smart cities and critical infrastructure. Nozomi aims to extend IT, OT and IoT cybersecurity services across public and private sector enterprises in the UAE and the broader MENA region through a partnership with Forward Investments. To date the company’s total funding exceeds $54M, with backers including GGV Capital, Lux Capital, Energize Ventures, Planven Investments and Telefónica. The company emphasizes securing modernization of critical industrial infrastructure and accelerating digital transformation for utilities and other OT sites. Nozomi Networks delivers security and operational visibility for OT and IoT environments, using AI to automate inventory, visualization and monitoring of industrial control networks. Its products can be deployed on‑premises and in the cloud and span IT, OT and IoT environments. The company supports more than 3.6 million devices across over 2,400 installations and operates in 16 countries. Use cases extend beyond cybersecurity to troubleshooting, asset management and predictive maintenance. Nozomi is positioned as a market leader in OT/IoT security and detection and partners with service providers to reach industrial customers. The company has raised more than $54 million in total funding to date from investors named in the article. Nozomi Networks builds security products for industrial control systems, emphasizing passive threat and anomaly detection that combines behavior-based and signature-based approaches, and offering an active detection option for specific threats. The company says it secures more than 300,000 industrial devices and counts hundreds of hydroelectric and gas distribution facilities among its customers. Management plans to continue investing in product and R&D while prioritizing awareness, sales, reach, and technical support to expand its customer base. This year the company has expanded its global footprint to target markets including Canada, the UK, and Germany. The rise in connectivity of ICS systems and growing threats to critical infrastructure form the backdrop for demand in Nozomi’s offerings. Financially, Nozomi has completed multiple raises this year and reported a valuation of about $150 million after an earlier round.

Participated · Series B · Jul 2023

Airalo operates a global eSIM marketplace serving over 20 million travelers across 200+ destinations. The company sells eSIM data bundles for short trips and longer stays and plans to introduce dedicated data, text, and voice packages in select markets. Airalo is rolling out an improved in‑app experience across web, iOS, and Android and expanding its product lineup with new plan options. It is also scaling its enterprise platform, Airalo for Business, to help companies manage global connectivity and reduce roaming costs by up to 90%. For partners, Airalo offers White Label eSIM stores, API integrations, reseller tools, and voucher programs to enable branded and integrated connectivity solutions. These initiatives position Airalo as infrastructure for mobile-first businesses and travel connectivity. Airalo operates a software-based eSIM marketplace offering hundreds of granular mobile data packages for international travel. The company offers 689 combinations covering about 200 countries, service durations and data sizes, and reports 5.1 million customers. Airalo says it has seen 20% month-on-month revenue growth and nearly 1 million downloads monthly for the past three months. It builds its catalog through a network of carrier agreements, mixing wholesale capacity purchases and resold roaming plans, and uses technology to measure demand and pricing. After stalling during the pandemic, growth picked up in 2022 and the company is expanding offerings beyond retail data, including a new B2B product called Airalo Partners. Airalo operates an online eSIM store that lets travelers buy and install local and global eSIMs within minutes via QR codes or in-app delivery. The service aggregates eSIMs from telcos and already offers access to over 100 eSIMs and coverage in 113 countries. Devices can hold up to 50 eSIM profiles and Airalo reported customers from 40 countries connecting in 67 countries shortly after a soft launch. The company is preparing Android and iOS apps while using its website for purchases and supports payments via PayPal, credit card and an in-app currency called Airmoney. Airalo is pursuing partnerships with carriers (examples: Telenor, 3, KPN), OTAs and airlines, and plans video ad campaigns to raise awareness and drive adoption. Financially, the team (described in the article as consisting of 8 teams) has raised initial capital and a seed round and is focused on using funds for customer acquisition, growth and scaling.

Participated · Equity · Jun 2023

Bit2Me is the leading crypto-asset company in Spain and is registered with the CNMV as a Crypto-Asset Service Provider (CASP). For more than ten years the company has built crypto infrastructure, operating an exchange and related services while maintaining extensive security and compliance certifications, including ISO 27001, ISO 22301, ISO 37001, ISO 37301, UNE 19601, and CSA STAR Level 1. The firm complements its core trading and custody products with Bit2Me Academy, the largest Spanish-language crypto educational portal offering over 450 free articles and certified courses. In July 2025 the company obtained a European regulatory license that underpins its plans to extend operations across the EU and to strengthen its presence in Argentina and other Latin American markets. Bit2Me has earned accolades such as “Best Cryptocurrency Exchange” in Italy and Portugal from Rankia. Strategic partners and shareholders now include major institutions such as Telefónica, BBVA, Investcorp, Tether, Inveready, Unicaja, Cecabank, and Bankinter. With these relationships and fresh capital, the company intends to accelerate geographic expansion while continuing to serve as a regulated, security-focused bridge between traditional finance and digital assets.

Led · Equity · May 2022

Durcal offers a non-stigmatizing teleassistance platform that combines a smartwatch-like wearable with a companion app to monitor seniors’ location, detect falls, measure certain vitals, and enable family communication. The watch includes integrated GPS and a SIM for use both inside and outside the home, and features a help button and two-way audio that connect to a monitoring center. Durcal’s service is integrated with Movistar Prosegur Alarmas, which monitors incidents 24/7 and can dispatch emergency services when needed. The company reports 9 million downloads of its free app and positions itself as the most comprehensive app for people over 65 in Spain. Durcal will use the new €8M investment to promote its wearable and app in Spain, develop new ‘smart health’ functionalities, expand online sales, and grow operations in Spain, Andorra and into Latin America. Alpify is a Barcelona-based developer of a personal and family safety app, whose web presence has been rebranded as safe365. The app enables users to share their real-time location and itineraries with trusted contacts and includes features aimed at children and older adults. The company also provides a management panel used by emergency services (112/911) to view the exact position of people requesting help or reported missing. Founded in 2013 by Guillem Viladomat and accelerated in the Grup Inspirit incubator, Alpify reports more than 1.5 million registered users and is widely used in rescue situations. The company intends to use the funds to evolve from an emergency-focused tool into a comprehensive personal and family security services platform.

Participated · Series A · Feb 2020

Clear is building a blockchain-based transaction network aimed at high-volume, cross-border systems like payments between telcos. The platform converts commercial contracts into digital smart contracts to create a trusted, auditable, cryptographically secure single view of pricing and usage for counterparties. That shared view lets partners detect and resolve commercial or service-delivery issues in real time rather than waiting until month-end. Clear says it has proven it can process hundreds of millions of billable events, though it is not yet in full production. The company is initially focusing on global telcos as a test case because of their transaction volume and cross-border complexity, and plans to expand into other verticals after carrier-grade deployment.