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Venture Capital

Portfolio

3

companies

By category

  • FinTech£20.2M
  • AI/ML£2.7M

By location

  • Warsaw£14.7M
  • London£8.2M

Portfolio companies

FR

Fiat Republic

Fiat Republic provides banking as a service infrastructure connecting traditional finance with web3 platforms.

S

Symmetrical

Headless payroll technology provider for global workforce automation.

Tracelight

Tracelight

Tracelight develops an artificial intelligence plug-in for Excel-based financial modelling.


Recent investments

Seed
£2.7M

The seed round was led by Chalfen Ventures and will support product development and team expansion.

"Complex financial models underpin all of the corporate world’s most important decisions. Until now, LLMs have barely touched this workflow. Tracelight is purpose-built for this; it works seamlessly inside the tools analysts already trust. Our aim is to take away the entire mechanical workload of financial modelling. Our users act as directors and orchestrators of AI that is quickly becoming superhuman at the task of Excel analysis."
— Peter Fuller, Co-founder and CEO
Seed
£5.5M

The financing round featured participation from Kraken Ventures, Fabric Ventures, and Arca.

"This investment underscores the confidence our investors have in Fiat Republic’s vision and the future trajectory of the company in the financial space. With our newly acquired Dutch EMI licence, Fiat Republic will now operate across the entire European Union, providing e-money and payment services. Passporting from the reputable and credible jurisdiction of the Netherlands not only boosts our legitimacy in the traditional finance world but also highlights our commitment to high compliance standards, security, and close collaboration with regulators. This move, to me, also signals that the Netherlands is open for business ahead of the upcoming MiCA regulation."
— Adam Bialy, CEO and co-founder
Series A
£14.7M

The Series A round was led by Target Global to fuel international expansion and team growth.

"Our bold ambition is to make payroll invisible. We believe that 10 years from now, 'payroll software' will be eliminated from the dictionaries. Invisible payroll will be a crucial element across broader platforms and thanks to our vision, we will be at the forefront of this new trend. We are also extremely pleased to have investors like Target Global join us in carrying out this vision and helping us shape the future of payroll together."
— Piotr Smolen