Participated · Equity · Dec 2019

MOX offers last-mile logistics solutions covering delivery, driver recruitment and development of technology systems for retailers, e-commerce and marketplaces. Its clients include large names such as Just Eat, Uber Eats, Seur, Glovo, Burger King, Correos Express and Paack, alongside hundreds of small and medium local businesses. The company employs more than 1,000 salaried couriers across over 45 cities in Spain and Italy and reports having quadrupled revenue in one year. MOX plans to strengthen profitability, reinforce its business model, grow nationally, continue technological development and bolster its specialist team. It also intends to scale Driver Jobs, its recently developed recruitment business focused on last-mile personnel. MOX is based in Seville (Andalucía) and operates in the transport/last-mile logistics sector.

Participated · Seed · Nov 2019

Jüsto is a vertically integrated, 100% online grocer that designs and deploys proprietary technology to manage assortment, inventory, operations, and logistics. Founded in 2019 by CEO Ricardo Weder, it operates in Mexico, Brazil, and Peru and positions itself as a sole first‑party grocer across Latin America. The company leverages AI and data analytics to forecast demand, reduce waste at micro‑fulfillment centers, and uses proprietary software to pick and deliver orders, achieving a 99% fill rate. By eliminating intermediaries and using vertical integration, Jüsto offers competitive prices, lower transaction costs, and reports growing purchase frequency and retention rates above pandemic levels. With a stated market potential exceeding USD $600 billion, the company plans to deploy new capital to accelerate growth—primarily in Mexico—enhance operational efficiencies, and explore new distribution avenues. The recent USD $70 million equity and debt package strengthens its balance sheet as it scales its full‑basket grocery experience and deepens supplier partnerships. Jüsto, founded in 2019, operates a digital full-basket grocery platform that enables customers to buy groceries via its website or app for delivery. Its assortment spans roughly 7,000–8,000 SKUs focused on fruits, vegetables, proteins and cleaning products, and it has launched complementary offerings like Ekonofresh and acquired Freshmart in Peru. The company has expanded across Mexico and into Peru and Brazil, opening a hybrid physical store in Lima and launching in São Paulo where it has seen 30–40% month-over-month growth. Jüsto reports more than 100,000 users in each market, grew five times in Mexico, achieved a 99.4% fulfillment rate over the past 12 months, and saw 2020 revenue increase 16-fold. Planned initiatives include expanding into roughly 20 additional Brazilian cities over several years, exploring entry into Colombia and Chile (directly or via acquisition), continuing product personalization by city, and sourcing more from small and medium farmers to improve sustainability and reduce waste. The company is prioritizing operational scaling and technology improvements to reach sound unit economics. Jüsto is an online supermarket based in Mexico City, founded in 2019 by Ricardo Weder, operating without physical stores and selling directly via its website and app. The company sources exclusively from local suppliers and emphasizes fresh produce, meats and fish alongside pantry staples, personal care, home and pet items. It operates micro-fulfillment centers and uses AI to forecast demand and reduce food waste, aiming to lower transaction costs by eliminating intermediaries. The model drove strong consumer adoption, with a 16-fold increase in revenue in 2020; the company has 425 employees, 40% of whom are female. Jüsto plans to use new capital to expand across Mexico and Latin America while enhancing last-mile logistics and marketing initiatives. After the latest round, the company has raised over $100 million to date. Jüsto operates a delivery-only, on-demand online grocery service that began in Mexico City and is expanding across Latin America. The company recently expanded beyond Mexico City to Querétaro and reported explosive growth there, with first-week sales equaling what took 200 days in Mexico City. Its core product is an e-grocery platform combined with delivery operations rather than physical retail stores. Jüsto plans to open operations in cities in Colombia, Peru and potentially Ecuador in the next year and may explore joint ventures with delivery services in other countries, though it is currently focused on growing independently. On the financing front, Jüsto has been actively raising capital to support expansion, including a recent top-up and an earlier bridge round. The article does not disclose revenue or user counts beyond the cited sales metric in Querétaro. Jüsto operates delivery-only grocery "dark stores" that pick and deliver groceries directly to consumers, offering categories such as fresh produce, dry goods, personal care, home and cleaning goods, beverages, organic food and pet supplies. The company emphasizes freshness and waste reduction by holding inventory in dark stores rather than on supermarket floors, and it says its prices are roughly equivalent to regular supermarkets. Delivery options include express, same-day and next-day fulfillment. Jüsto positions itself as a direct-to-consumer grocer building brand loyalty on top of urban fulfillment infrastructure. The company plans to expand to more Mexican cities and begin international expansion starting with Colombia. Financially, Jüsto has raised a total just over $20 million in less than a year, including a recent $12 million bridge round.

Participated · Series A · Sep 2019

Enuu offers shared light electric micro-cars that combine advantages of bikes and cars, provide weather protection and luggage space, and are activated via a smartphone app. The micro-cars can be driven on roads and bicycle lanes and parked on wide sidewalks and bicycle parking slots. Enuu launched in Biel/Bienne and has attracted more than 1,500 individuals; it deployed 20 vehicles in Zurich and plans to expand that fleet to 50 by year-end. The company plans rollouts across Switzerland with upcoming launches in Geneva, Basel, Bern and Lugano. To accelerate expansion, Enuu has raised capital in a Pre‑Series A round and previously closed a seed round funded by business angels, grants and loans. The service targets city dwellers seeking a compact, weather-protected alternative to bikes and scooters.

Participated · Equity · Apr 2019

Synthesia develops AI that generates synthetic videos by letting users type text, select a stock or custom avatar, and choose a language to produce instructional and marketing content. Its AI is trained on real actors, who are paid per video produced with their image and voice, and the company says it vets customers and scripts to reduce misuse. Synthesia reports over 50,000 customers, more than 15 million videos generated, and a 456% year-over-year user growth rate; it does not disclose revenue figures. Clients include Tiffany’s, IHG, Teleperformance, BSH, Moody’s Analytics and entities of the United Nations, and the company says 35% of the Fortune 100 use the product for training and marketing. Founded in 2017 by researchers and entrepreneurs from University College London, Stanford, Technical University of Munich and Cambridge, the company employs around 200 people. CEO Victor Riparbelli says the new investment will be used to make avatars more expressive and to make the platform faster and more collaborative. Synthesia builds an AI platform that converts text or slide decks into synthetic videos featuring talking avatars. Users can choose existing avatars created from actors or create custom avatars by uploading video and voice recordings. The company targets enterprise customers and is primarily used for training videos, monthly updates, internal communications and client-facing content. Since its April Series A, Synthesia has added features to simplify avatar creation and now reports 1,000 custom avatars in use; Ernst & Young is cited as a customer with 35 partners using avatars. Founder Victor Riparbelli emphasizes safety: the company requires explicit consent before synthesizing anyone and provides an on-rails, company-controlled experience. Synthesia offers an enterprise-focused AI video platform (STUDIO) that lets users pick or upload avatars, type scripts, add assets, and generate editable videos without traditional editing skills. The company initially targets educational and corporate training content and internal communications. Users can choose paid actors from a library or create custom avatars and voice recordings via guided uploads; the platform includes security and authentication layers to prevent misuse. STUDIO launched into public beta in summer 2020 and has since amassed more than 1,000 company users. Synthesia sells an entry-level plan at $30 per month per seat (10 minutes of video) and an enterprise plan starting at $500 per month with additional minutes and features. The company is developing an API to integrate video generation into customers’ systems and plans to use its new funding to fuel customer growth and product development. Synthesia builds AI-driven video synthesis and editing tools that let marketing teams and creators generate, localize and personalize videos without going on set. The platform can edit existing assets and create derivative international and personalized videos, enabling what the company says is 10x video output at a tenth of conventional production cost and delivery within 48 hours. Customers cited in the article include Accenture, McCann Worldgroup, the Dallas Mavericks and Axiata Group. The company emerged from research teams at UCL, Stanford, TUM and Foundry, with co-founder Prof. Matthias Niessner noted for work like Deep Video Portraits and Face2Face. Synthesia emphasizes ethical guidelines and consent controls, and is working with governments and media organizations on security mechanisms and public awareness around synthetic media. The startup also demonstrated its technology publicly with the BBC and was involved in a high‑impression Malaria No More campaign that exceeded 400 million impressions.

Participated · Seed · Oct 2018

Shujinko, based in Seattle and spun out from Pioneer Square Labs, provides a SaaS platform that automates cloud compliance and audit preparation. The product unifies cloud compliance know-how with automation to implement technical controls and documentation, significantly reducing the manual hours required for audits. The company says customers can achieve SOC 2 compliance in AWS in a matter of days versus months, without consuming thousands of hours of internal staff time. Founded by Scott Schwan and Matt Wells, who have led large-scale audits at major retailers, Shujinko targets CIOs, CISOs, and CTOs for enterprise cloud compliance. The company plans to use new capital to accelerate development of its SaaS platform and continue hiring engineering talent. Shujinko has raised $10.3 million in total capital to date. Shujinko is a cloud security compliance platform that automates the IT-audit evidence-collection process for large cloud-based businesses. The company emerged from stealth out of startup studio Pioneer Square Labs and is based in Seattle. Its founders, Scott Schwan and Matt Wells, previously served on Starbucks’ cloud engineering team and joined Pioneer Square Labs as entrepreneurs-in-residence after leaving Starbucks in January. Shujinko’s product aims to eliminate months of manual effort by automatically gathering audit evidence such as firewall and OS configurations. The company targets cloud-based IT businesses with at least 50 million users. Shujinko raised external capital in a seed financing to support its rollout from the studio.