Portfolio news: Figure AI, Small Door, Arcana and 27 more
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We're excited to share the latest signals from the portfolio. Capital raises, new partnerships, and product milestones are driving momentum across fintech, consumer, defense, and beyond.

Catch up on what you missed in the previous update.

The round, led by Parkway Venture Capital with participation from major backers including NVIDIA, Brookfield, Intel, and Salesforce, will accelerate manufacturing, real-world deployment, and AI development for its general-purpose humanoid robots. Capital will support production at its BotQ facility, build next-gen NVIDIA-powered training infrastructure, and expand data collection to enhance Figure’s embodied AI platform, Helix.
| In portfolio since | Q1 2025 |
York Space Systems deployed 21 Transport Layer satellites into low-Earth orbit aboard a SpaceX Falcon 9 as part of the U.S. Space Development Agency’s Tranche 1 launch. This marks the first of ten planned launches for the Initial Warfighting Capability of the Proliferated Warfighter Space Architecture (PWSA). Once fully deployed, Tranche 1 will support advanced missile tracking, Link 16 connectivity, beyond-line-of-sight targeting, and tactical satellite comms for U.S. defense.
| In portfolio since | Q4 2022 |

Membership-based vet startup Small Door has raised $55 million to deepen its footprint in existing markets and enhance its platform. Led by Valspring Capital, the round supports a model built around fewer appointments per day, 24/7 telemedicine, and transparent, tech-enabled care.
| In portfolio since | Q3 2024 |
Forward Industries (NASDAQ: FORD) announced a $1.65B private placement to fund a Solana-focused digital asset treasury strategy, in what is now the largest raise of its kind to date. The round was led by Galaxy Digital, Jump Crypto, and Multicoin Capital — who will also provide strategic support.
| In portfolio since | Q3 2021 |

Ursa Major has secured a $34.9 million contract from a U.S. aerospace and defense firm to advance its Draper liquid rocket engine, designed for tactical, in-space, and hypersonic applications. The funding will support development, production, and deployment of Draper for national security missions, following a $28.6 million USAF contract earlier this year.
| In portfolio since | Q3 2022 |
Arcana has been acquired by Avail, bringing our chain abstraction tools, gasless wallets, and 2.5M+ user ecosystem into a unified modular stack. The acquisition includes a 4:1 XAR-to-AVAIL token swap, consolidating governance and aligning incentives across chains. With this move, Arcana’s infrastructure becomes foundational to Avail’s roadmap—enabling encrypted data availability, multichain staking, and seamless liquidity across 10+ chains. Together, we’re creating the backbone for truly interoperable Web3.
| In portfolio since | Q3 2021 |

The company is in the top 3% of over 1,400 applicants with a 92% evaluation score. The funding, alongside £300,000 in investor backing, will accelerate development of the company’s Rising Pressure Reformer (RiPR) technology, which converts waste into hydrogen, biomethane, biochar, and captured CO₂.
| In portfolio since | Q1 2025 |
The partnership combines SES’s operational expertise with K2’s agile engineering approach, marking a shift from traditional satellite development cycles to a faster, iterative model. An initial on-orbit mission is scheduled for Q1 2026.
| In portfolio since | Q1 2023 |
Portal to Bitcoin, a custody-less cross-chain protocol, recorded over $800M in combined spot and futures volume on day one of $PTB token launch.
| In portfolio since | Q3 2021 |

The company has achieved this milestone with a lean team of 19, just four products, and a direct-to-consumer model via heights.com—no retail or marketplaces. This focused approach continues to differentiate Heights as it scales toward becoming Europe’s leading supplement brand.
| In portfolio since | Q4 2024 |
Pipe has partnered with Uber to offer embedded working capital to U.S.-based restaurant partners directly within the Uber Eats Manager app. The integration provides pre-approved capital offers based on real-time business performance.
| In portfolio since | Q1 2021 |
A newly published randomized controlled trial in The American Journal of Medicine found that the Apollo Neuro™ wearable significantly reduced burnout and improved wellbeing in medical and pharmacy students. Over 12 weeks, Apollo users experienced a 32% reduction in burnout, 22% improvement in wellbeing, and 23% lower stress levels.
| In portfolio since | Q4 2019 |
NEAR has integrated its Intents protocol with TRON, one of the most active global blockchains, enabling seamless USDT swaps without wallet setup, bridging, or chain-specific logic. The move brings NEAR’s chain abstraction to TRON’s 329M user accounts and $28B+ TVL, allowing native asset transfers in a single click.
| In portfolio since | Q1 2022 |

Rarible.com has officially launched its rebuilt multichain marketplace after a six-month overhaul. Backed by infrastructure that has supported over 62M mints and 19M users since April, the new platform supports 10 chains at launch, including Ethereum, Base, and RARI Chain. It features competitive liquidity mechanics, cross-chain rewards via the RARI Foundation, and 1M monthly active traders.
| In portfolio since | Q2 2021 |
Tala Thrive is now live. Built for people who’ve felt overlooked by traditional mental health services, Tala Thrive connects users with therapists and coaches who already understand their cultural background, identity, and lived experience
| In portfolio since | Q3 2024 |
Koning has installed its Vera Breast CT system at Mount Sinai Medical Center in Miami Beach—Florida’s first integration of dedicated breast CT within a comprehensive imaging center.
| In portfolio since | Q3 2022 |
To date, the company has successfully financed over $80 million across 36 completed projects with a user base of more than 28,000 investors in 100+ countries.
| In portfolio since | Q4 2024 |

The partnership includes IPO-readiness tools, liquidity solutions like tenders and secondaries, and a dedicated NYSE Relationship Manager to guide companies through the public transition. As IPO momentum builds heading into 2026, Carta and NYSE aim to simplify and standardize the path from private to public.
| In portfolio since | Q2 2019 |
Curios has delivered over six months of 30%+ month-over-month recurring revenue growth, driven by strong adoption of its premium creator plans. They've recently had a record month for creator onboarding, with 1,261 new creators joining. Curios also expanded into new content categories, launching a Comedy vertical.
| In portfolio since | Q4 2022 |
Cloudastructure has introduced flexible financing to lower the upfront cost of upgrading legacy security systems. Property managers can now deploy $100k+ security modernization projects across their portfolios with minimal capital outlay, removing a key adoption barrier. The model has already helped secure three new customer contracts
| In portfolio since | Q4 2019 |

Savvy Navvy has partnered with electric marine leader Aqua superPower to integrate its global network of fast-charging stations directly into the Savvy Navvy app. The integration enables electric boaters to plan routes with built-in charging stops, improving range confidence and accelerating adoption of sustainable marine mobility.
| In portfolio since | Q2 2024 |
Web3 Enabler’s ADA Wallet has been approved for Salesforce, marking a key milestone in bringing Cardano to enterprise systems. The native integration enables secure, KYC-compliant Cardano transactions within one of the world’s leading CRM—no Web3 experience required.
| In portfolio since | Q2 2025 |

Kencko’s new chocolate-based fruit and vegetable snack line, Kencko Snaps, is now available in Walmart stores across the U.S.
| In portfolio since | Q2 2023 |
FOMO Group has added Singapore Exchange (SGX Group) to its shareholder base, expanding its roster of institutional investors and reinforcing support for its long-term fintech strategy.
| In portfolio since | Q3 2022 |
Silatha has been chosen for the TASMU SMART QATAR government program, joining the top 2% of 1,100 global applicants. The selection supports the regional launch of Silatha’s AI-powered ATHA Health Companion, focused on workplace wellbeing and underserved topics like menopause, fertility, and mental health.
| In portfolio since | Q4 2023 |

The company has introduced Apex 4.0, an everyday carry backpack, as well as its Mujjo case for iPhone 17
| In portfolio since | Q4 2023 |
Kafene has integrated its flexible lease-to-own solutions into LendPro’s financing platform, enabling retailers to offer alternative purchasing options to a broader range of customers. The partnership aims to boost conversion rates on high-ticket items by reaching consumers who may not qualify for traditional credit.
| In portfolio since | Q1 2021 |

Greenwich Studios, is a new 17-unit property in the heart of London’s historic Greenwich district. This expansion strengthens GuestReady’s UK presence.
| In portfolio since | Q1 2024 |
Foodhub is a fast-growing UK food ordering platform with over 30,000 restaurants. The collaboration enhances E-Vittles’ brand visibility, opens new revenue channels, and supports its goal of becoming a leading delivery brand franchisor.
| In portfolio since | Q1 2025 |