Portfolio
7
companies
BCB Group
BCB Group delivers banking and payment services for the digital asset economy.
Elliptic
Elliptic provides cryptoasset risk management and blockchain analytics for financial institutions.
Improbable
Improbable builds large-scale simulation technology for virtual worlds and metaverse platforms.
Ledger
Ledger develops security solutions and hardware wallets for digital assets.
Provenance
Provenance provides supply chain tracking and product transparency solutions using blockchain technology.
ScienceMagic.Studios
ScienceMagic.Studios helps brands and talent navigate and build within the Web3 ecosystem.
Matt Beck
Director of Investments
Matt brings investment and research experience from positions at Digital Currency Group and Grayscale Investments. He previously held analytical roles at Bridgewater Associates and MSCI Inc. before founding 1N Holdings.
LinkedInThe Web3 advisory joint venture has secured pre-seed backing from Coinbase Ventures, Liberty City Ventures, and Digital Currency Group to scale its operations.
"Digital assets offer huge potential for brands to engage with their communities in a new way, and for talent to realise the true value from their work for the first time. But many brands are just starting to understand this."
The financing round was supported by investors including Andreessen Horowitz and SoftBank to develop interoperable Web3 virtual spaces.
"We founded Improbable to make real the promise of incredible online worlds that were more than just games – they were extensions of our lives. I believe the metaverse and Web3 movement, though very early, represent a once-in-a-generation redefinition of our society towards a ‘fulfilment economy’ where experiences made by an open network of creators and businesses can create enormous opportunity for everyone. M² is our contribution to establishing this future and we hope to help our partners catalyse an open metaverse with many participants and success stories. We are excited to be actively working with some of the best investors in the space in building out this new ecosystem."
The London-based transparency technology provider has raised new capital to develop its software and scale its team.
"Provenance is fighting greenwash with transparency tech, and helping brands unlock commercial value from their positive social and environmental impact. We’re already driving results for small independent brands and global brand groups alike, and we can’t wait to expand our community. This funding will help us grow our first-class team and product and accelerate our goal to empower 1 billion citizens to choose products that match their values."
The seed round will fund content creation, team expansion, and international growth.
"We’ve moved quickly since the inception of Your Juno amid the pandemic, testament to the appetite for a financial education platform built by and for women and non-binary people. It was important for us to ensure our investors reflected our users and so we’re happy to have a strongly female, racially diverse group of investors and advisors who understand our community and can help us in this next stage of our growth"
The round was co-led by Foundation Capital and BACKED VC to support international expansion and strategic acquisitions.
"Our mission is to connect and bank the global crypto industry. This game-changing financing backed by both venture capital and strategic client interests, empowers us to accelerate that mission and build bigger, better, deeper infrastructure which is so critical to the growth of this industry."
