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March 24, 2025 · 9:03PM

Portfolio news: Albedo, Firefly Aerospace, Sugarfina and 23 more

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While markets fluctuated, our portfolio companies continued to build value throughout March. From lunar landings to strategic acquisitions, here’s a roundup of the most notable updates from our portcos.

In case you missed the last update featuring 27 news from portcos, you can check it out here.

Aerospace
r/capital
Albedo secures a $12 million Strategic Funding Increase contract from the Air Force Research Laboratory
Cover

The contract builds on Albedo's launch of its first satellite, Clarity-1, which delivers unprecedented imagery from space. Under this agreement, Albedo will share critical operational data about VLEO conditions to help the U.S. government develop new space capabilities in this largely untapped orbital regime. 

In portfolio since
Q2 2022
fintech
r/portal
Janover reports strong Q4 2024 financial results

The company's subscription revenue grew by 488%, while total revenue saw an 80% year-over-year increase. Operating cash flow improved by 73%, marking Janover’s fourth consecutive quarter of sequential revenue growth.

In portfolio since
Q1 2021
aerospace
r/capital
Firefly Aerospace lands its Blue Ghost spacecraft on the moon
Cover

Firefly Aerospace became the first commercial company to complete a lunar landing. This achievement positions Firefly at the forefront of commercial space exploration. 

In portfolio since
Q3 2021
consumer
r/portal
Sugarfina acquires Candy Club

Founded in 2015, Candy Club has established distribution through boutique shops, hotel resorts, and national retailers. This acquisition follows Sugarfina's October 2024 purchase of BOXFOX, showing their commitment to strategic growth.

In portfolio since
Q4 2023
Consumer
r/portal
Bobbie launches the first and only USDA Organic Whole Milk infant formula in the US market
Cover

This groundbreaking product, three years in development, distinguishes itself by meeting the stringent USDA organic certification requirements.

In portfolio since
Q3 2021
health
r/portal
SharpMed launches its patented Turbo® O₂ Cap in the U.S. market

Turbo® O₂ Cap has the potential to become a new standard in emergency care because it prevents hypoxia during emergency intubations by delivering continuous oxygen flow, significantly extending safe intubation times. 

In portfolio since
Q4 2024
consumer
r/portal
Azure Printed Homes wins the Urban Experience Award at the 2025 SXSW Innovation Awards
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This recognition strengthens Azure's market position in the sustainable construction sector, particularly as the company expands to address housing needs for those affected by recent LA fires.

In portfolio since
Q4 2022
AI & Ml
r/ventures
Wispr launches Wispr Flow for Windows

This Windows version includes significant improvements over the original Mac app, featuring auto-learning capabilities for new words, faster performance, and enhanced international language support.

In portfolio since
Q1 2024
consumer
r/portal
PittMoss secures a 3-year exclusive agreement with Greenstreet Growers

Greenstreet Growers is one of the top growers in the United States. This contract is valued at $750,000. As part of the partnership, Greenstreet's owner will also serve as an advisor to PittMoss.

In portfolio since
Q4 2020
enterprise
r/europe
Wavepiston secures a €900,000 investment
Cover

This funding will support technological enhancements, system validation, and strategic partnerships to facilitate market entry. 

In portfolio since
Q2 2024
web3
r/capital
Pyth Network demonstrates outstanding performance in Q4 2024

Messari, the leading provider of crypto market intelligence, shared an in-depth report on Pyth Network's performance in Q4 2024. According to the report, the Total Transaction Value (TTV) reached $175.2 billion, representing a 459% YoY increase. This metric firmly establishes Pyth as the dominant oracle by transaction volume, securing 41% market share. The network's total price updates grew 67.5% YoY. 

In portfolio since
Q2 2021
aerospace
r/capital
SpaceX successfully docks its Crew Dragon capsule at the ISS, enabling the return of NASA astronauts
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This mission highlights SpaceX's reliability and continued operational excellence in providing critical astronaut transportation services.

In portfolio since
Q2 2020
enterprise
r/portal
Edible Garden partners with Freshtown Marketplace

Edible Garden will be distributing its organic herb products through Freshtown's regional supermarket network, expanding its retail distribution.

In portfolio since
Q2 2021
enterprise
r/portal
Hydro Wind Energy partners with IXS Launchpad to offer its $HWE token
Cover

Hydro Wind Energy is advancing several breakthrough technologies including offshore wind energy storage systems, subsea reverse osmosis desalination combined with wind power, and QuenchSea - their commercially available portable desalination device that has already generated over $1 million in revenue. This token offering will help fund a large-scale offshore wind energy and storage system that aims to achieve TRL 7 (Technology Readiness Level 7). Once operational, it will represent a major step forward in sustainable power generation and energy storage solutions, critical for global decarbonization efforts.

In portfolio since
Q2 2022
fintech
r/capital
Plaid partners with Dwolla

Dwolla is a leading U.S. account-to-account payment solution. This partnership enables Dwolla's clients to access Plaid's instant account verification and real-time balance checks alongside pay-by-bank payments through a single API. This unified solution combines open banking services with multiple payment methods (ACH, RTP, FedNow) while reducing technical overhead for businesses. 

In portfolio since
Q3 2021
consumer
r/portal
Plei unveils Plei 2.0
Cover

This brand refresh includes a new logo, a revamped mobile interface, new web app, and redesigned website. The company now operates in 26 U.S. regions, serving its community of over 500,000 players, with international expansion planned for 2025.

In portfolio since
Q1 2024
fintech
r/europe
Wrisk has reported 142% YoY revenue growth in its 2024 financial results 

In 2024, Wrisk expanded its customer base to approximately 80,000 while achieving positive EBITDA in its UK operations. As the only independent insurtech focused exclusively on the automotive sector, Wrisk has secured strategic partnerships with major manufacturers including Jaguar Land Rover, Volvo, and Mercedes-Benz. The company doubled its headcount and expanded with new offices in Vienna and Munich, positioning it to capture a larger share of the $22 billion global insurtech market.

In portfolio since
Q4 2023
aerospace
r/capital
Axiom Space adopts Siemens' Xcelerator software portfolio to enhance its space infrastructure projects
Cover

This strategic partnership enables Axiom to create digital twins and integrate design, manufacturing, and operational phases on a single platform. 

In portfolio since
Q3 2022
enterprise
r/portal
Atsign introduces a new solution providing secure global access to local AI models

This technology enables direct peer-to-peer connections to AI models running on home, office, or private cloud environments, eliminating the need for port forwarding or public IP addresses. By extending their "security through invisibility" approach to AI, Atsign enables users to access their AI models from anywhere while maintaining privacy and control.

In portfolio since
Q2 2023
aerospace
r/capital
Skyryse partners with United Rotorcraft
Cover

This collaboration will introduce SkyOS programs for Airbus H125/H130 and Sikorsky Black Hawk helicopters, expanding beyond the initial Robinson R66 implementation. This allows Skyryse to scale deployment of its single-control, fly-by-wire technology across multiple aircraft platforms, strengthening its position in the aviation safety and automation sector. 

In portfolio since
Q3 2021
enterprise
r/europe
ClearWatt launches EV CHECK PLUS

EV CHECK PLUS is a comprehensive reporting service for used electric vehicles in the UK market. This product expands ClearWatt's suite of EV assessment tools and positions the company to capitalize on the growing used EV market, with over 30,000 used EVs entering the UK market monthly. 

In portfolio since
Q2 2024
web3
r/ventures
Merkle Science partners with Sui blockchain

The partnership will provide real-time transaction monitoring, risk assessment, and investigative support, potentially accelerating Sui's mainstream adoption by ensuring robust security infrastructure. This will strengthen Merkle Science's position in the blockchain intelligence market. 

In portfolio since
Q2 2022
aerospace
r/capital
Relativity Space appoints Eric Schmidt as their new CEO
Cover

Eric Schmidt is a former Google CEO, who has an estimated net worth of $34 billion, and is reportedly making an investment in the company. Simultaneously, Relativity announced progress on its redesigned Terran R rocket, completing a critical design review in December and beginning production of flight hardware.

In portfolio since
Q3 2021
enterprise
r/europe
WASE partners with COOK Trading Ltd to convert food waste and by-products into renewable energy

This strategic partnership demonstrates WASE's ability to help food production companies transform waste management challenges into value-added opportunities. 

In portfolio since
Q4 2023
health
r/europe
Clinical Net has been nominated for the Healio Disruptive Innovators Award

The company was nominated in the Clinical Innovation category, recognizing its innovative approach to cancer care through clinical trial matching technology. 

In portfolio since
Q4 2023
web3
r/capital
Rarible integrates Arbitrum blockchain
Cover

This integration will allow Rarible users to mint, trade, and explore NFTs on this Layer 2 solution. To celebrate this expansion, Rarible launched Arbinauts, a free commemorative NFT collection. 

In portfolio since
Q2 2021
consumer
r/portal
Renewal Mill's co-founder joins Forbes list of the Top Women Founders in DTC to Watch in 2025

Claire Schlemme has been recognized by Forbes as one of the Top Women Founders in Direct-to-Consumer to Watch in 2025. The recognition from a major business publication enhances the company's visibility and credibility.

In portfolio since
Q4 2020
consumer
r/portal
Ludus launches Ludus Retail mobile app

Ludus Retail is a mobile app for in-person concessions and merchandise sales. This new product expands Ludus's service offerings to its 4,000+ client organizations, potentially creating a significant new revenue stream.  

In portfolio since
Q1 2023


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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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