Participated · Series D · Apr 2026

True Anomaly develops and delivers capabilities for space missions, including autonomous spacecraft, advanced payloads, mission software, and space-based interceptors. The company says its products enable the U.S. and its allies to secure the space environment and counter threats. Founded in 2022 and based in Centennial, CO, True Anomaly has offices in Colorado Springs, Washington, D.C., and Long Beach, CA, and is led by CEO Even Rogers. Financially, the company has now raised a total of $1 billion in capital, including a $650M Series D that closed with $50M of debt. In the next 18 months True Anomaly plans multiple missions in LEO and GEO and will conduct the VICTUS HAZE Tactically Responsive Space demonstration while advancing its payload portfolio. The company intends to use the new funding to accelerate delivery across its product portfolio and mission capabilities.

Participated · Series E · Jan 2024

Founded in 2017, Devoted Health aims to “treat everyone like family” by unifying advanced data and AI with world-class clinical and service excellence on a single care platform. The company bundles its in-house tech stack, Devoted Medical clinical services, health insurance products, and dedicated service Guides to offer consistent, proactive, and individualized healthcare at scale. As of January 2026, Devoted serves more than 466,000 members, a 121% year-over-year increase, and operates across 29 states. The model has earned high recognition from the Centers for Medicare & Medicaid Services, with 100% of rated members enrolled in plans scoring 4 Stars or higher on key quality measures such as statin therapy, post-discharge medication reconciliation, breast-cancer screening, and osteoporosis management. Additional CMS data show 96% of members are in plans rated 4 Stars or higher for blood-pressure control and 97% for cholesterol medication adherence. Member experience is similarly strong: 98% of members are in plans with 4-Star-plus Health Plan Ratings, 95% enjoy 4-Star-plus Customer Service scores, and 93% of surveyed members trust Devoted to fulfill its care commitments. These quality and satisfaction metrics underpin the firm’s rapid growth and reinforce its strategy of redefining healthcare delivery through integrated, data-driven care.

Participated · Equity · Aug 2023

Tradeshift operates a platform for building B2B payments, supply‑chain procurement and B2B marketplace services and says its business network has more than 1 million users, including customers such as Danone and the U.K.’s NHS. The company plans to invest the new capital to scale its business network and add more SaaS, B2B marketplace and embedded financial services, and it is also considering acquisitions. Tradeshift, originally founded in Denmark and now headquartered in San Francisco, has faced slower trade and logistics activity post‑COVID and reported growth running about four points below the expected range; Q2 showed tentative signs of recovery in the U.S. while Europe and China disappointed. The company has cited working capital and liquidity — not demand — as key current constraints. Recent historical financings include a $200M Series F in March 2021 at a $2.7B post‑money valuation, a $170M debt round in late 2021, and secondary and additional undisclosed rounds in 2022. Tradeshift provides a combined enterprise SaaS, marketplace and fintech product suite that helps buyers and suppliers digitize invoice processing, automate accounts payable workflows and scale commerce across supply chains. The company has built a large global trade network in the cloud and embeds financial services into its product to free up working capital for suppliers. Tradeshift has launched products including Tradeshift Go (card/charge volumes) and Tradeshift Cash (a factoring product to help suppliers access cash). It says cumulative transaction value processed across its network has passed $1 trillion, having doubled in two years, and Tradeshift Go charge volumes were predicted to exceed $2.5 billion in 2021 (a 600% year‑on‑year rise). The company intends to use new capital to optimize growth and its balance sheet and continue scaling the business. Investors previously in the company include American Express Ventures, HSBC, Goldman Sachs and Wipro Digital. Tradeshift builds supply-chain payments, ePayables and marketplace software, including products such as Tradeshift Pay and Tradeshift Go. The company positions itself as a networked business and is focused on monetizing trade finance across a user base of over two million suppliers. Tradeshift reported more than two years of strong quarterly revenue growth and said 2019 was its best year, with over 60% revenue growth, more than 250 deals closed, an average deal size that doubled, and over 40% of cumulative transaction volume occurring in the past year. The new capital is intended to accelerate growth across core product lines and put the company on a direct path to profitability in the near future. Management said it will cut costs, including reducing headcount in expensive San Francisco offices and reallocating resources to lower-cost locations, while prioritizing costs and margins. The company first appeared in 2008 and is delaying a planned IPO to "get its house in order" amid a cooling IPO market. Tradeshift operates a supply-chain payments and marketplaces platform designed to digitize trade and supply chains. The company has recently added blockchain capabilities to its product suite. Leadership says the investment will enable continued rapid growth and consolidation of its market position as B2B online transactions increase. Tradeshift positions itself as a leader in supply chain commerce by helping corporations take greater control of their supply chains. The company has raised more than $400 million to date and says its valuation has passed $1.1 billion. Mikkel Hippe Brun, Tradeshift’s GM of China and co-founder, will join the company’s board; Gray Swan, a new venture company established by Tradeshift’s founders, participated in the round. Tradeshift is a business commerce and supply-chain finance platform led by CEO and Chairman Christian Lanng. The company connects 800,000 companies across 190 countries, including customers such as DHL, Zurich Insurance Group and the National Health Service. It operates a B2B marketplace and provides supply-chain finance capabilities for corporate customers. Tradeshift intends to use new investment to broaden its capabilities, accelerate development of its platform, and grow the ecosystem around its marketplace. The company is headquartered in San Francisco and has offices in Copenhagen, New York, London, Paris, Suzhou, Tokyo, Munich and Sydney. The article notes the amount of the investment was not disclosed.

Led · Equity · Feb 2022

Xplore offers Space as a Service®, providing data as a service, sensors as a service and satellites as a service to collect data from space for commercial, intelligence and climate customers. The company is accelerating hardware development of the Xcraft satellite data-collection platform at its 22,000 sq ft satellite manufacturing facility in Redmond. Leadership includes CEO Jeff Rich and Founder/COO Lisa Rich. Xplore plans to use new funding to accelerate growth, expand operations, hire additional team members and advance product development. In the past 24 months the company has received approximately $4M in non-dilutive funding and was selected for a $2M contract from the Pentagon’s National Security Innovation Capital. It has completed milestones on contracts from the U.S. Air Force, NOAA and NASA Jet Propulsion Laboratory and has multiple flight programs in progress. Xplore provides Space as a Service via its Xcraft and LightCraft multi-mission platforms, offering hosted payloads, communications relay services and exclusive datasets. Its Xcraft ESPA-class platform is designed for LEO, cislunar space and destinations including Venus, Mars and asteroids. The company plans an Xcraft LEO (XLEO) mission in 2023 and is developing a family of Xplore Space Telescopes (XST) with missions planned in LEO and cislunar regions. Xplore has a Memorandum of Understanding with Accion Systems to host the TILE ion thruster on XLEO and has collaborated with W. M. Keck Observatory to accelerate XST timelines. Financially, Xplore announced a $2M contract award from National Security Innovation Capital (NSIC) within the Defense Innovation Unit to accelerate Xcraft development. The company operates from a 22,000 square foot campus in Redmond, Wash., and is recruiting space professionals for its flight programs.

Participated · Seed · Jan 2022

Radian Aerospace is developing Radian One, a fully reusable horizontal takeoff-and-landing, single-stage-to-orbit spaceplane designed to carry people and light cargo to low Earth orbit with aircraft-like operations. The company emphasizes rapid turnaround—fly, perform a mission, return, refuel, and fly again—to enable high-cadence missions and capabilities not possible with traditional vertical rockets. Radian’s winged configuration targets mission types such as research, in-space manufacturing, terrestrial observation, and rapid global delivery. The company says it is leveraging mature enabling technologies and recent advances in materials science, miniaturization, and manufacturing to make the design feasible. Radian emerged from stealth with $27.5 million in seed funding to advance development of Radian One and has launch service agreements with commercial space stations, in-space manufacturers, satellite and cargo companies, as well as agreements with the U.S. government and selected foreign governments. Founded in 2016 and based in Renton, Washington, Radian intends to mature its core technologies toward aircraft-like flight cadence and lower per-mission costs.