• Whop

  Led · Series A · Jul 2023

  Whop runs an online marketplace where creators monetize software utilities, trading communities, educational content and other digital services. The platform currently counts 18.4 million users who collectively earn roughly $3 billion annually. According to the company, gross transaction volume is growing about 25 percent month-over-month, underscoring rapid adoption. Whop’s core product will soon embed Tether’s crypto wallet functionality, allowing users and creators to hold, transact and settle in stablecoins such as USDT and USAT without relying on traditional banks or card networks. With fresh capital, the company plans to accelerate expansion across Latin America, Europe and Asia-Pacific. Future product road-maps also include introducing decentralized-finance powered lending and borrowing tools that leverage stablecoins. The latest investment pegs Whop’s valuation at $1.6 billion, signaling strong market confidence in its growth trajectory.

• Tres

  Participated · Seed · Sep 2022

  Tres is a comprehensive accounting and financial data reporting platform for crypto assets that operates as a Web3 financial data lake. Led by CEO Tal Zackon, the platform manages financial end‑points across 100+ Web3 networks and enables organizations to streamline accounting, auditing, and reporting. Its customers include Web3 finance teams, foundations and DAOs, asset managers, exchanges, financial institutions, and staking providers. Tres offers solutions for tracking, monitoring, and reporting all financial activity across every blockchain. The company has offices in London and New York and plans to use new funding to expand adoption of its solutions. Tres provides a unified "data lake" that ingests on-chain and centralized finance data across wallets, accounts and platforms so finance teams at crypto companies can run balance calculations, auditing and reporting without crypto-native expertise. Its platform can onboard any on-chain or CEX data source and enable workflows for monitoring on-ramps and off-ramps. The startup says it can pull transactions from multiple chains and wallets into one dataset that can be sliced for financial analysis. Tres has monitored and analyzed more than $40 billion of crypto assets for customers including Hivemind Capital, Stakely and Blockdaemon across the U.S., Israel and Europe. The new capital will be used to hire and further develop the product while onboarding customers and expanding use cases. Management positions the company as a prospective "financial backbone" for crypto organizations and says the current bearish market is increasing demand for clearer financial visibility.

• Pomelo

  Participated · Seed · Aug 2022

  Pomelo operates a financial technology platform that combines international money movement and consumer credit, offering a remittance product that lets customers send funds immediately using secured or unsecured credit lines. The company launched in 2022 with the Philippines as its first corridor and has since added payment options, including the ability to send funds to GCash. Pomelo also issues the Pomelo Card through Coastal Community Bank under Mastercard licensing. It raised a $35M Series A in venture capital and a $75M expansion of its warehouse facility. The financing brought Pomelo's totals to $55M in equity capital and $125M for its warehouse facility to date. The company says it will use the funds to expand operations and further development efforts. Pomelo issues accounts that can include up to four credit cards so senders can provide credit to family members, set limits, pause cards and view spending. Its core twist is using credit to provide instant access to funds, fraud and chargeback protection, and a way for recipients to build transaction history and credit. The product includes a credit-builder option and invites customers to supply a secure deposit to prove creditworthiness over time. Pomelo’s revenue model avoids transfer fees for senders and instead relies on merchant interchange fees. The company has secured a Mastercard partnership that the founder says enables work in more than 100 countries and is currently servicing the Philippines. Pomelo reports more than 120,000 people on its waitlist and plans to expand to Mexico, India and other geographies. Pomelo offers a unified product that helps U.S. users build credit while sending fee-free remittances to family overseas. Its flagship Pomelo Card is powered by the Mastercard network and issued by Coastal Community Bank, and a mobile app will be available on Android and iOS. The company will offer a Pomelo Secured Card for users with low or no credit, allowing deposits that convert into a secured credit line to help build credit history. Families abroad can join as authorized users on a family plan and receive personalized Pomelo Cards for online and in-person purchases. Customers can reserve cards ahead of the company’s official product launch and account openings later in the year; initial remittance support will launch to the Philippines with India and Mexico to follow. Pomelo is led by founder and CEO Eric Velasquez Frenkiel, and intends to use new funding to expand operations and continue product development.

• CreatorDAO

  Participated · Seed · Aug 2022

  CreatorDAO is a decentralized autonomous organization led by CEO Michael Ma that provides creators with capital, mentorship, professional tools, and a community invested in their growth. The DAO crowdsources investment decisions and rewards contributions such as mentorship and collaboration. CreatorDAO invests in creators in exchange for a percentage of their future earnings, which flows back to the community treasury. Top creators including Paris Hilton, The Chainsmokers, Shawn Johnson, Andrew East, Joma Tech, and Swaggy Wolfdog — representing 50MM+ audience members — have signed on to share time, expertise, and/or earnings. The company said it will use the proceeds from its recent fundraise to accelerate growth and expand operations and business reach. The organization operates from Los Angeles and focuses on accelerating creators’ careers through shared access to capital, technology, and community.

• Trace Finance

  Participated · Seed · Feb 2022

  Founded in 2021 and based in Brazil, Trace Finance provides regulated infrastructure that connects local banking rails, foreign exchange, compliance, and stablecoin settlement to enable institutional cross-border payments. It operates under licenses in the U.S. and Brazil and partners with banks in Mexico, Colombia, Europe, and Asia, and plans to pursue additional licenses in Singapore, the U.S., and APAC. Trace has processed more than $10 billion in institutional cross-border volume to date and serves as the main infrastructure provider for the top four global payment providers operating in Latin America, including dLocal. The company has expanded headcount from 25 employees at the start of the year to 48 and is developing new settlement products. Trace plans regional expansion across Mexico, Colombia, Argentina and later into Singapore, Hong Kong, Japan, South Korea, and Southeast Asia.

No current team members are available.