Participated · Equity · Feb 2026

Founded and launched in 2024, Terra Industries develops defense infrastructure and autonomous systems for the Global South, including drones and mine-detecting combat vehicles. The company positions itself to become a large regional supplier to governments, competing with incumbents and international contractors from Turkey, China, and Western suppliers. Terra has reported strong near-term commercial traction and said it is on track to book $100 million in contracts, including at least one federal contract. Management expects to generate revenues in the tens of millions of dollars by the end of the year. With the latest seed capital the company plans to expand manufacturing across the Global South and open offices in London, San Francisco, and Washington, D.C., while hiring to accelerate product deployment. Earlier in 2024 Terra completed two financings of $11.75 million and $22 million prior to this additional funding.

Participated · Equity · Oct 2023

Circadian Technologies provides an Energy Management System (EMS) delivered as both hardware and Software-as-a-Service to solar developers and asset owners. Its platform supports design, sales, financing, operation, and maintenance of solar and storage systems. The company focuses on grid-challenged emerging markets, particularly in African countries. Circadian has partnered with Nigeria's Royal Power & Energy to deploy solar and storage installations across 50 bank branches. The firm intends to use new funding to expand its SaaS data platform functionality and scale operations to meet demand. Its technology aims to accelerate the transition from fossil fuels to renewables for commercial and industrial customers in frontier markets.

Participated · Series A · Jul 2022

IQM Quantum Computers is a Finland-based developer of quantum computing technology. The company is preparing for public listings on Nasdaq and the Helsinki Stock Exchange. Ahead of those listings, IQM secured $146 million in PIPE financing tied to a SPAC combination with Real Asset Acquisition Corp., including a new commitment from Ilmarinen. IQM plans to use the funds to advance its technology and scale commercial operations. The financing strengthens the company’s near-term financial position as it moves toward becoming a public company.

Led · Equity · Mar 2019

SeamlessHR operates in the human-resources technology vertical, providing digital tools and services for HR management. The company raised a $10 million Series A round in 2022, signalling strong investor interest. It has now secured an additional $9 million Series A extension from the Gates Foundation and Helios Digital Ventures. According to sources close to the firm, the fresh capital will be channelled toward accelerating expansion across Africa, a strategy that may include strategic acquisitions. In line with this plan, SeamlessHR reportedly held talks last year to acquire another HR tech startup in Nigeria. No revenue, user, or profitability metrics were disclosed in the articles.