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August 29, 2025 · 6:51PM

Portfolio news: Firefly Aerospace, Coinfund, Kraken and 17 more

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The past few weeks have brought major moves across the portfolio, from IPOs to new partnerships and product launches. Here’s a quick look at what’s been happening.

Catch up on what you missed in the previous update.

aerospace
capital
Firefly Aerospace IPOs
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Firefly Aerospace just pulled off one of the biggest space IPOs in U.S. history. After raising $868M on Nasdaq in August 2025, Firefly debuted with a $6.3B valuation and soared to nearly $10B as shares surged 56% on day one. The offering was fueled by growing defense demand, a $1.1B backlog, over 30 planned launches under contract, and a historic commercial Moon landing just months prior.

In portfolio since
Q3 2021
mixed
capital
Coinfund leads $10M Series A for Irys

CoinFund has led a $10 million Series A round for Irys, a programmable layer 1 datachain platform designed to unlock value in the $3T+ data economy. The round brings Irys’ total funding to $20M, with participation from Amber Group, Hypersphere, Tykhe Ventures, and others. Irys has already processed over 600M data transactions and onboarded 4M+ wallets.

In portfolio since
Q3 2021
aerospace
capital
Axiom Space completes first crewed underwater tests of AxEMU spacesuit
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Axiom Space has successfully completed three crewed tests of its next-generation spacesuit, the AxEMU, at NASA’s Neutral Buoyancy Laboratory. These underwater evaluations mark a key milestone in validating the suit for NASA’s Artemis III mission.

In portfolio since
Q4 2021
Consumer
europe
Fussy wins £2M Sky Media Footprint Fund

Sustainable personal care brand Fussy has been named a winner of the £2 million Sky Media UK Footprint Fund, joining a cohort of purpose-driven changemakers including Tony's Chocolonely and WRAP. The fund supports climate-conscious brands in leveraging TV advertising to amplify their impact.

In portfolio since
Q3 2023
fintech
capital
Klarna partners with WooCommerce
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WooCommerce powers over 4.5 million online stores, from side hustles to household names. With Klarna enabled for stores using Stripe, millions of new shoppers will see faster, simpler, and more flexible ways to pay—right when they need it most.

In portfolio since
Q1 2021
web3
capital
Kraken Q2 2025 revenue is up 18%

Kraken reported $412M in revenue for Q2 2025 (up 18% YoY) and $80M in adjusted EBITDA, with exchange volume hitting $186.8B. The platform now serves 4.4M funded accounts (+37% YoY) with $43.2B in assets (+47%).

In portfolio since
Q2 2021
web3
capital
Pyth now streams real-time prices for $5T+ in Hong Kong-listed equities

Pyth Network now streams live price feeds for 85 of the most traded Hong Kong-listed stocks, covering over $5T in market value. This launch unlocks instant, onchain access to one of Asia’s most important financial markets—without terminals, subscriptions, or intermediaries. Updated every 400ms and live on 100+ blockchains, the data enables new use cases in DeFi, tokenization, macro analytics, and global trading strategies—bringing APAC equities into the Web3 financial stack.

In portfolio since
Q2 2021
Consumer
Portal
Hawaiian Bros expanding into Tennessee with 18 locations planned
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Sequoyah Hospitality, the Chattanooga-based group behind Fiamma Pizza and formerly Five Guys, is bringing Hawaiian Bros Island Grill to Tennessee—starting with a Hixson location this October.

In portfolio since
Q1 2022
fintech
capital
Plaid now powers transfers to Crypto.com

Plaid’s Investments Move is now live with Crypto.com, enabling U.S. users to transfer brokerage accounts without selling assets or triggering taxes. Crypto.com serves over 80 million users worldwide, and is one of the most downloaded crypto apps in the U.S.

In portfolio since
Q3 2021
enterprise
europe
RideTandem enables £100M in wages for passengers
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RideTandem has now helped passengers access over £100 million in wages, a major milestone for the B Corp-certified employee transport platform tackling one of the UK’s most overlooked barriers to work: the commute. In areas underserved by public transit, RideTandem’s shared shuttles have enabled over 2 million passenger journeys across the UK and Germany.

In portfolio since
Q4 2023
web3
portal
DigiShares, ZIGChain, and Valereum Partner to Power Regulated RWA Issuance in the UK

DigiShares has signed an MoU with ZIGChain and UK-listed Valereum Plc (AQSE: VLRM) to enable compliant tokenization and secondary trading of RWAs on Valereum’s regulated marketplace, VLRM Markets. ZIGChain will provide the Layer 1 infrastructure, while DigiShares integrates its white-label platform to support KYC/AML, smart contract-based ownership, and investor onboarding. The partnership expands ZIGChain’s regulatory footprint post-mainnet beta and positions DigiShares at the core of a new institutional-grade pipeline of RWA issuances, with initial assets expected in Q4 2025.

In portfolio since
Q1 2024
Consumer
Portal
Reflex Protect debuts its new product, Presidia Gel

Reflex Protect has introduced Presidia Gel, a non-aerosol self-defense spray designed for hospitals, schools, law enforcement, and personal safety. The gel delivers fast-acting incapacitation with 360° precision and minimal risk of cross-contamination—making it safer for enclosed environments.

In portfolio since
Q3 2020
health
Portal
Elemento Health has been included on the 2025 Inc. 5000 list
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The company’s revenue has more than doubled over the past three years, driven by growing demand for clinical support tools in frontline healthcare settings.

In portfolio since
Q1 2021
Consumer
Portal
Irrigreen launches 3rd-gen sprinkler
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Irrigreen has released its third-generation sprinkler, featuring a self-cleaning system and improved performance in sandy or debris-prone soil—addressing a key failure point in traditional systems. The upgraded model is paired with its Gen 3 controller, enabling water savings of up to 50% through precision irrigation.

In portfolio since
Q3 2021
fintech
capital
Zoe Financial integrates into Salesforce

Zoe Financial has launched a two-way integration between the Zoe Wealth Platform and Salesforce, allowing RIAs to manage investment operations directly within the CRM. With over 150,000 companies relying on Salesforce as the backbone of their client management, this integration brings core account actions—like opening new accounts, drafting ACAT transfers, and initiating cash movements—into the advisor’s daily workflow without toggling between systems.

In portfolio since
Q2 2021
health
europe
Ignota Labs has received a Cross-Sector Experience Award

The award, granted by the Academy of Medical Sciences, recognizes Ignota Labs’ partnership with the NHS Health Innovation Network South London. It is part of a competitive national program that selected just 13 recipients across academia, government, and industry to receive a share of £930,000 in funding for cross-sector innovation in health.

In portfolio since
Q4 2023
web3
capital
The Tie launches Market Liquidity Dashboard
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The Tie has launched a Market Liquidity Dashboard in The Tie Terminal, giving institutional users real-time insight into crypto market depth, spreads, slippage, and order book imbalances.

In portfolio since
Q1 2022
web3
Portal
Humanode Brings Biometric Sybil Resistance to Sony’s Soneium L2

Humanode’s biometric Sybil-resistance tool, Biomapper, is now live on Soneium, the Ethereum L2 developed by Sony’s Block Solutions Labs. The integration enables developers building on Soneium to verify real, unique users through biometric authentication—without KYC. This supports human-gated access, secure voting, and Sybil-proof engagement, advancing Humanode’s mission to provide fair and private identity infrastructure across Web3.

In portfolio since
Q 202
Consumer
europe
Oatsu wins Great Taste award
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Oatsu’s Summer Berry Overnight Oats, recently launched on Ocado, has been awarded a Great Taste Award by the Guild of Fine Food.

In portfolio since
Q1 2024
web3
capital
Magic Square Partners with SafePal

Magic Square has partnered with SafePal, a Binance-backed non-custodial wallet suite with over 25M users across 200+ blockchains, to enhance Web3 security and accessibility.

In portfolio since
Q3 2021

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April 2
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Portfolio news: York Space Systems, Botkeeper and 16 more

Catch up on the biggest portfolio news from March.
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March 23
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Note holder AMA recap: March 2026

Thanks to everyone who joined us live on March 18th for the AMA hosted by Brian Aznar and Vlad Uchenik.
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