SGH Capital

SGH Capital is a venture capital firm established in 2014 and headquartered in Luxembourg. The firm focuses on investing in disruptive business models and innovative entrepreneurs across various sectors, including media, enterprise technology, fintech, blockchain, software, food, healthcare, beauty, logistics, marketplaces, and robotics. SGH Capital operates with an agnostic investment approach, enabling it to explore new technology verticals in the United States, Europe, and India. With a commitment to fostering creativity and innovation, SGH Capital seeks to support the growth of transformative companies in its target markets.

Karine Arama

Partner

129 past transactions

Groq

Series D in 2024
Groq, Inc. specializes in manufacturing high-performance accelerators and computing engines for artificial intelligence, machine learning, and deep learning applications. Founded in 2016 and headquartered in Mountain View, California, the company leverages its proprietary Tensor Streaming Processor architecture to deliver up to 250 trillion floating-point operations per second. Groq's technology is designed to efficiently handle the complex computations necessary for advanced machine learning models while ensuring low power consumption, making it suitable for large-scale deployments. The company's systems utilize deterministic performance, allowing for predictable outcomes and compute times for various workloads, thus enhancing operational efficiency in AI and quality-performance computing.

Constant

Pre Seed Round in 2023
Constant is a private credit investment platform.

Asset Reality

Seed Round in 2023
Asset Reality provides a comprehensive platform designed for government and enforcement agencies to effectively seize and manage both physical and virtual assets. The platform features a combined case management system and online asset management tools that facilitate the tracking, recovery, and management of seized crypto assets. By streamlining the asset recovery process, Asset Reality aims to tackle issues such as corruption while enabling organizations to save time, reduce risks, and enhance revenue from the sale of seized digital assets.

Archax

Series A in 2022
Archax Ltd is a London-based digital securities exchange that caters to institutional investors by facilitating the trading of asset-backed tokens, including digital securities and security tokens. Founded in 2018, it is notable for being the UK's first regulated digital securities exchange, broker, and custodian, as well as the first firm on the FCA's Cryptoasset register. Archax serves as a credible bridge between the blockchain-centric cryptocurrency community and traditional investment sectors. The platform is designed to support various digital assets, from cryptocurrencies to digital securities, and is built on a high-performance exchange infrastructure. This setup allows institutions to engage in trading with known participants in a regulated environment, ensuring a secure and efficient trading experience.

Cryptio

Series A in 2022
Cryptio is an enterprise-grade solution specializing in accounting, tax, financial reporting, and audit preparation for businesses operating in the cryptocurrency sector. The platform is designed to transform on-chain crypto activity, including decentralized finance (DeFi) and non-fungible tokens (NFTs), into auditable records suitable for accounting and tax purposes. It provides automated bookkeeping services that seamlessly integrate with existing accounting practices, allowing users to manage and synchronize a vast array of blockchain transactions, wallets, exchanges, and custodians. By delivering financial integrity and accountability, Cryptio enables clients to efficiently monitor and report their daily accounting transactions, ensuring compliance and facilitating accurate financial oversight in the evolving digital asset landscape.

TabTrader

Series A in 2021
TabTrader is a mobile application designed for cryptocurrency trading, enabling users to connect multiple exchanges and execute trades directly from their smartphones. The app supports both centralized and decentralized exchanges, providing users with a comprehensive overview of their assets across various platforms. Available on both Android and iOS, TabTrader aims to simplify the investment process in the decentralized finance (DeFi) space by allowing users to manage their cryptocurrency portfolios seamlessly in one place. Through its user-friendly interface, the app caters to the needs of both novice and experienced traders looking to engage in the cryptocurrency market.

Hyper

Seed Round in 2021
We're building the infrastructure to bring digital experience into the real world. Starting with an SDK for retail stores, which uses maps, AR and hyper-accurate indoor location. The biggest retailers in the world use our technology to drive customer experience.

Swan Bitcoin

Series A in 2021
Swan Bitcoin is a platform that simplifies the process of purchasing Bitcoin through automated savings plans. Users can link their bank accounts and set up regular purchases—weekly, monthly, or aligned with their paychecks—starting with as little as $5. This approach allows for a consistent investment strategy that buys more Bitcoin when prices are lower and less when prices are higher, making it easier for individuals to build their cryptocurrency savings over time. The service provides secure storage options for Bitcoin, either delivered directly to users' wallets or held with a licensed and regulated custodian. Swan Bitcoin aims to protect wealth by offering a hedge against inflation, as Bitcoin's fixed supply contrasts with the diminishing purchasing power of traditional currencies.

Codelock

Seed Round in 2021
Codelock is a cybersecurity software company established in 2021 and based in Virginia, USA. The company specializes in assessing and monitoring software security, focusing on enhancing the security of the software supply chain and securing software development practices. Codelock has developed a patent-pending approach that creates a zero trust-based chain-of-custody between developers and their code, which underpins its compliance and security platform. This platform offers user-friendly features that enable users to track, trace, audit, and secure their software development frameworks effectively.

Asset Reality

Pre Seed Round in 2021
Asset Reality provides a comprehensive platform designed for government and enforcement agencies to effectively seize and manage both physical and virtual assets. The platform features a combined case management system and online asset management tools that facilitate the tracking, recovery, and management of seized crypto assets. By streamlining the asset recovery process, Asset Reality aims to tackle issues such as corruption while enabling organizations to save time, reduce risks, and enhance revenue from the sale of seized digital assets.

Watu

Pre Seed Round in 2021
Watu is building the shopping cart inside of emails to help eCommerce companies increase sales from their email marketing campaigns.

HyperTrader

Seed Round in 2021
HyperTrader is a developer of a trading terminal that caters to both crypto and equities traders. The platform is designed to streamline trading workflows by providing an all-in-one tool for market analysis, trade execution, and portfolio tracking across multiple cryptocurrency exchanges. HyperTrader aims to enhance trading efficiency by granting users access to advanced trading technologies that were previously available only to institutional investors. Through its services, the company enables traders to organize their portfolios, discover investment opportunities, and execute trades more quickly and effectively.

ZeroAvia

Venture Round in 2021
ZeroAvia, Inc. is a company focused on developing zero-emission aircraft for commercial short-haul flights. Established in 2017 and headquartered in Hollister, California, with an office in Cranfield, United Kingdom, ZeroAvia specializes in hydrogen-electric propulsion systems. These systems are designed to eliminate aviation emissions while ensuring operational efficiency. The company aims to provide scalable technologies that can retrofit existing aircraft, thereby facilitating a transition to sustainable aviation. By collaborating with various stakeholders, ZeroAvia seeks to revolutionize the aviation industry through cleaner and more efficient flight options. Their powertrain utilizes a hydrogen fuel-cell system in limited-seat fixed-wing aircraft, which not only reduces emissions but also allows for the use of existing infrastructure, thus simplifying regulatory challenges and lowering both fuel and maintenance costs for aviation companies.

TRM Labs

Series A in 2021
TRM Labs Inc. is a blockchain intelligence company that provides a token relationship management platform designed to assist financial institutions, cryptocurrency businesses, and government agencies in identifying and investigating financial crime and fraud related to digital assets. Founded in 2017 and headquartered in San Francisco, the company leverages machine learning to facilitate on-chain anti-money laundering compliance, incorporating solutions for customer due diligence, transaction monitoring, and relationship management. TRM Labs aims to enhance compliance within the cryptocurrency industry by developing tools that automatically detect suspicious activities, such as money laundering and market manipulation. The company has garnered significant investment from major financial institutions and is supported by a team of experts with backgrounds in law enforcement and top technology firms. TRM Labs operates as a remote-first organization with additional hubs in Washington, DC, and London.

ZASH

Convertible Note in 2021
Zash provides enterprise grade NFT and blockchain analytics that include NFT indexing such as splitting bundled trades, converting multiple settlement currencies, detecting wash trades, different ERC standards, and aggregator attribution.

Cryptio

Seed Round in 2021
Cryptio is an enterprise-grade solution specializing in accounting, tax, financial reporting, and audit preparation for businesses operating in the cryptocurrency sector. The platform is designed to transform on-chain crypto activity, including decentralized finance (DeFi) and non-fungible tokens (NFTs), into auditable records suitable for accounting and tax purposes. It provides automated bookkeeping services that seamlessly integrate with existing accounting practices, allowing users to manage and synchronize a vast array of blockchain transactions, wallets, exchanges, and custodians. By delivering financial integrity and accountability, Cryptio enables clients to efficiently monitor and report their daily accounting transactions, ensuring compliance and facilitating accurate financial oversight in the evolving digital asset landscape.

Coinhouse

Series A in 2021
Coinhouse is a prominent French platform that offers investment services for Bitcoin and a range of other cryptocurrencies. As the first registered Crypto Asset Service Provider in France, recognized by the Autorité des Marchés Financiers in March 2020, Coinhouse aims to facilitate investment in the evolving landscape of finance for both retail and corporate clients across Europe. The platform not only enables users to invest in digital assets but also provides tailored solutions for businesses to accept and make payments in cryptocurrencies. By delivering market insights and analysis on various crypto-assets, Coinhouse empowers clients to navigate risks and opportunities in the digital currency space. The company is committed to advancing blockchain technologies and crypto financial services, believing they will transform banking and finance by enhancing security, accessibility, and the overall financial landscape.

Podz

Pre Seed Round in 2021
Podz, founded by Doug Imbruce, is a podcast platform that innovates audio discovery by merging the depth of long-form podcasts with the user-friendly experience typical of social media. The platform revolutionizes the traditional podcast discovery process by creating a personalized audio news feed that curates high-quality, selective mini clips from various podcast episodes. This approach allows users to access a tailored selection of animated highlights that align with their interests, enhancing the overall listening experience. In June 2021, Podz was acquired by Spotify, further expanding its reach and impact in the audio content landscape.

FINESSE

Seed Round in 2021
FINESSE is a vertically integrated fashion house based in Los Angeles, California, founded in 2019. The company specializes in direct-to-consumer fashion by utilizing artificial intelligence and big data, along with community feedback, to accurately predict trends and forecast demand. This innovative approach allows FINESSE to optimize its distribution processes, resulting in rapid sell-outs of products while minimizing the risks of guesswork and overproduction commonly associated with the fashion industry. By focusing on up-to-date apparel and accessories, FINESSE effectively meets customer needs in a dynamic market.

Dfns

Pre Seed Round in 2020
Dfns offers a wallets-as-a-service (WaaS) platform that enables businesses to efficiently manage digital assets while ensuring high levels of security. The platform integrates seamlessly with existing systems, allowing for secure user onboarding and streamlined transactions across multiple blockchains.

Multis

Seed Round in 2020
Multis is a developer of a decentralized crypto wallet designed to support web3 organizations in managing their financial operations. The wallet allows businesses to automate payments, track multiple wallets, and efficiently scale their operations. It is community-approved and undergoes thorough audits, ensuring security and reliability. By providing a user-friendly platform, Multis enables organizations to access, transfer, and receive cryptocurrencies seamlessly. This approach helps businesses maintain liquidity while earning interest on their assets, fostering growth in an increasingly open financial environment.

Zero Grocery

Seed Round in 2020
Zero Grocery provides a convenient zero-waste grocery delivery service. Zero Grocery's mission is to remove single-use plastics from the food system so customers will receive groceries in reusable containers.

Kbox Global

Seed Round in 2020
Kbox Global Limited is a technology company that specializes in developing a cloud kitchen platform to enhance the efficiency of food delivery operations. Founded in 2015 and based in London, the company focuses on maximizing kitchen space productivity and increasing food sales through innovative, risk-free solutions. Kbox Global connects kitchens with high-performing delivery services, allowing establishments such as restaurants, hotels, and bars to make the most of their underutilized kitchen assets by licensing a variety of bespoke food brands. This approach not only helps boost profitability but also capitalizes on the growing demand for food delivery services. Originally named Splendid Restaurants Limited, the company rebranded to Kbox Global in May 2020 to better reflect its focus on the cloud kitchen model and multi-brand delivery opportunities.

Truthset

Seed Round in 2020
Truthset, Inc. is a data validation platform founded in 2019 and based in San Francisco, California. The company specializes in ensuring the accuracy and compliance of consumer data, helping businesses enhance their decision-making processes in areas such as marketing, compliance, and fraud prevention. Truthset utilizes an artificial intelligence-based algorithm known as Truthscores, which assigns a numerical score to individual data records, reflecting their accuracy. This scoring system allows organizations to establish trust in their data without being a data broker or selling data themselves. By validating consumer data, Truthset aims to improve performance in data-driven interactions and foster greater confidence in business operations. The founders of Truthset bring extensive experience from notable companies like Nielsen, Salesforce, LiveRamp, and Procter & Gamble, and the firm is backed by various investors, including a venture studio focused on data intelligence.

Fairbrics

Seed Round in 2020
Fairbrics is a company focused on creating sustainable fabrics that benefit the environment. It has developed a platform that captures carbon dioxide from the atmosphere and transforms it into ethylene glycol, a key component of polyester used in clothing production. By utilizing CO2 waste, Fairbrics aims to manufacture synthetic fabrics with a net positive impact on climate change, addressing the increasing demand from fashion brands and consumers for eco-friendly solutions. Through its innovative approach, Fairbrics seeks to enable the fashion industry to contribute to a greener future while still offering the latest trends in apparel.

BAKKT

Series B in 2020
BAKKT, LLC is a digital asset platform that facilitates the buying, selling, storing, and spending of digital assets for consumers, businesses, and institutions. Founded in 2018 and based in Alpharetta, Georgia, BAKKT provides a user-friendly experience through its app and partnerships, enhancing consumer spending and loyalty programs. The platform is equipped with institutional-grade technology that includes custody solutions for secure crypto storage, catering to both experienced market participants and casual users. BAKKT's offerings also encompass the redemption of loyalty points, enabling clients to enhance customer engagement and value. The company generates revenue primarily through subscription services, positioning itself as a key player in the evolving digital economy.

Hyper

Pre Seed Round in 2020
We're building the infrastructure to bring digital experience into the real world. Starting with an SDK for retail stores, which uses maps, AR and hyper-accurate indoor location. The biggest retailers in the world use our technology to drive customer experience.

Unitary

Seed Round in 2020
Unitary Ltd is a company based in Cambridge, United Kingdom, founded in 2019, that develops artificial intelligence software using graph-based technology to enhance online safety. The company's AI software focuses on context-aware analysis, employing multimodal machine learning to interpret videos and other visual content uploaded to the Internet. By accurately and efficiently detecting inappropriate material, Unitary aims to enable users to take proactive measures to protect their communities. Their innovative computer vision models are designed to analyze content at scale, providing a comprehensive understanding of online information and helping to create a safer digital environment.

Yaspa

Seed Round in 2020
Yaspa is a fintech company established in 2017 by a former Worldpay CTO, focused on enhancing payment processes through a cardless payments platform. The company leverages open banking to offer instant bank payments that are faster, more secure, and more cost-effective than traditional card payments. Yaspa's technology simplifies payment operations for regulated businesses by facilitating seamless customer verification and payment acceptance, as well as streamlining payouts and fund reconciliation. Operating across the UK and Europe, Yaspa is regulated by the UK’s Financial Conduct Authority and is supported by prominent investors, including Fin Capital, SGH Capital, and Metavallon VC. Yaspa operates under the trading name of Citizen UK Holding Ltd.

Empirical

Series A in 2020
Empirical is a company focused on producing innovative distilled spirits that explore flavors and traditions from around the world. The platform encourages a re-examination of production methods, fostering dialogue and creativity in the beverage industry. Specializing in flavor creation and precision fermentation, Empirical crafts a diverse range of alcoholic beverages that include unique offerings such as wines and sparkling drinks made from unconventional ingredients like oysters, roasted chicken skin, smoked juniper, bergamot, and fruit pith. Through its distinctive approach, Empirical aims to provide consumers with novel tasting experiences in the realm of libations.

TRM Labs

Seed Round in 2019
TRM Labs Inc. is a blockchain intelligence company that provides a token relationship management platform designed to assist financial institutions, cryptocurrency businesses, and government agencies in identifying and investigating financial crime and fraud related to digital assets. Founded in 2017 and headquartered in San Francisco, the company leverages machine learning to facilitate on-chain anti-money laundering compliance, incorporating solutions for customer due diligence, transaction monitoring, and relationship management. TRM Labs aims to enhance compliance within the cryptocurrency industry by developing tools that automatically detect suspicious activities, such as money laundering and market manipulation. The company has garnered significant investment from major financial institutions and is supported by a team of experts with backgrounds in law enforcement and top technology firms. TRM Labs operates as a remote-first organization with additional hubs in Washington, DC, and London.

Shiru

Seed Round in 2019
Shiru, Inc. is a food technology company based in Oakland, California, established in 2019. The company specializes in developing and producing edible proteins aimed at replacing dairy products and eggs in the food industry. By leveraging artificial intelligence and computational design, Shiru creates enhanced proteins that contribute to sustainable food production. The company's focus on using bioinformatics and precision biology allows it to discover novel natural proteins, thereby enabling clients to replace harmful ingredients with healthier alternatives.

Verve

Series B in 2019
Verve Events is a leading company in the live entertainment industry, specializing in word-of-mouth sales. The organization utilizes networks of advocates to promote and sell experiences, such as events and festivals, to their peers in exchange for rewards like free tickets and backstage passes. With a presence in over 40 countries, Verve is trusted by more than 500 events worldwide. The company collaborates with various ticketing providers, including Ticketmaster, Eventbrite, Paylogic, and Front Gate Tickets, to facilitate these transactions and enhance the overall experience for both advocates and event attendees.

Ockam

Seed Round in 2019
Ockam Inc. is a provider of a serverless platform designed for secure Internet-of-Things (IoT) development. Founded in 2017 and headquartered in San Francisco, California, the company offers tools that enable the interconnection of hardware with software services, facilitating secure information exchange among connected systems. Ockam's platform manages identities, cryptographic keys, and credentials for devices and services while optimizing connectivity and messaging. It simplifies the development process by eliminating the complexities of system administration, such as managing IP backlogs and setting up public APIs. The platform is open-source, secure-by-design, and built in Rust, allowing for robust end-to-end encryption, key management, and mutual authentication. Ockam connects application developers, system integrators, hardware engineers, and cloud service product managers, providing a cohesive environment for building trustworthy applications across diverse networks.

Prodigy

Series A in 2019
Prodigy Software Inc. operates an online checkout platform designed to enhance the car buying experience by integrating seamlessly with dealership infrastructure and financial institutions. Founded in 2015 and headquartered in San Francisco, California, Prodigy provides auto dealers with a modern, streamlined digital sales solution that improves efficiency and customer satisfaction. The platform allows customers to complete parts of the purchasing process online or in-store, ensuring real-time synchronization of information to eliminate redundant data entry. By connecting car buyers with dealers, as well as lenders and credit bureaus, Prodigy aims to facilitate increased car sales and operational efficiency for dealers.

FretLink

Series B in 2019
FretLink is a SaaS marketplace connecting thousands of transportation companies with companies that need to send big piles of stuff. FretLink is a flow management solution to industrial shippers that brings more visibility to all stakeholders in the chain. The carriers inform their available transport capacity and receive transport orders at the right price to complete their loads.

Habitat Logistics

Seed Round in 2019
Habitat Logistics powers delivery for restaurants. We provide a turnkey delivery system and can fulfill orders from customers who call-in, as well as from 3rd-party online ordering services such as Grubhub, Zuppler (Conshohocken-based), Snackpass, and others. The company only delivers to restaurants that are within 10 minutes of a customer’s home, saving them time on long deliveries. Restaurants ping Habitat when they have delivery needs and the company sends a driver to complete the delivery. Habitat says they are growing 17 percent month over month, currently collecting $110,000 monthly revenue by charging restaurants per delivery.

Allure Systems

Seed Round in 2019
Allure Systems is a technology company that specializes in creating apparel images for online retail using artificial intelligence. Founded in 2017 and based in Brooklyn, New York, the company provides a cloud-based platform that enables fashion-centric e-retailers and brands to generate high-quality garment images without the need for models or photographers on-site. By utilizing advanced AI and computer vision technologies, Allure Systems can produce personalized images that showcase clothing on a variety of models in different poses and sizes, enhancing consumer engagement and streamlining the image production process for e-commerce businesses.

Volk Fi

Seed Round in 2019
Volk Fi is a startup focused on creating a distributed network smartphone that enables users to remain connected anytime and anywhere, without relying on traditional carrier services. The company offers a crowdsourced mobile network featuring an Android smartphone equipped with a free data plan. Its innovative technology includes multi-hop routing, which allows users to connect with devices that are farther away. This approach enhances communication and fosters the sharing of ideas while ensuring security and resistance to censorship, making the service accessible to a broad audience.

Blueberry Pediatrics

Seed Round in 2019
Blueberry Medical provides parents with live access to top pediatricians for a flat monthly rate. Parents get round-the-clock support from a team of top pediatricians who can diagnose illnesses, provide advice and prescribe medication when medically necessary. Parents can send images and videos through a smartphone app, and chat with pediatricians through a text-like interface to ask questions and get care. Blueberry Medical was founded on 2017 and is headquartered in Boynton Beach, Florida.

Kalshi

Pre Seed Round in 2019
Kalshi Inc. operates a federally regulated financial exchange that enables investors to trade on the anticipated outcomes of future events. Founded in 2018 and based in San Francisco, California, Kalshi offers a platform where users can engage in markets covering a diverse array of topics, including economics, international affairs, media, entertainment, climate, and public health. This unique approach allows investors to gain direct exposure to specific events and trends, making it possible to trade on discrete outcomes rather than traditional financial instruments. For instance, users can speculate on the likelihood of a particular free trade agreement being signed, thus allowing them to capitalize on their insights and knowledge about various sectors.

Datumize

Series A in 2019
Datumize is a software technology company based in Castelldefels, Barcelona, that specializes in capturing and transforming dark data within enterprises. Founded in 2014, Datumize focuses on providing solutions across various sectors, including logistics, retail, tourism, and industry. Its software integrates enterprise data by employing smart data discovery techniques, enabling organizations to identify actionable insights from hidden operational data. This capability aids businesses in enhancing their understanding of customer demand and optimizing daily operations. By leveraging this previously untapped data, Datumize empowers companies to make informed decisions, improve efficiencies, and ultimately increase revenues. The company was acquired in 2023.

Vantik

Seed Round in 2019
Vantik GmbH, founded in 2017 and based in Berlin, Germany, specializes in digital private pension products tailored for millennials, young professionals, and freelancers. The company offers retirement planning services through an online platform and application, which is managed in partnership with DAB BNP Paribas bank. Vantik's platform features a peer-based safety buffer, allowing users to adjust their savings rates flexibly, thereby providing effective options for retirement savings. The startup aims to inspire millennials to prioritize their future financial security through a simple and secure approach to private pensions.

Archax

Seed Round in 2019
Archax Ltd is a London-based digital securities exchange that caters to institutional investors by facilitating the trading of asset-backed tokens, including digital securities and security tokens. Founded in 2018, it is notable for being the UK's first regulated digital securities exchange, broker, and custodian, as well as the first firm on the FCA's Cryptoasset register. Archax serves as a credible bridge between the blockchain-centric cryptocurrency community and traditional investment sectors. The platform is designed to support various digital assets, from cryptocurrencies to digital securities, and is built on a high-performance exchange infrastructure. This setup allows institutions to engage in trading with known participants in a regulated environment, ensuring a secure and efficient trading experience.

Coinhouse

Series A in 2019
Coinhouse is a prominent French platform that offers investment services for Bitcoin and a range of other cryptocurrencies. As the first registered Crypto Asset Service Provider in France, recognized by the Autorité des Marchés Financiers in March 2020, Coinhouse aims to facilitate investment in the evolving landscape of finance for both retail and corporate clients across Europe. The platform not only enables users to invest in digital assets but also provides tailored solutions for businesses to accept and make payments in cryptocurrencies. By delivering market insights and analysis on various crypto-assets, Coinhouse empowers clients to navigate risks and opportunities in the digital currency space. The company is committed to advancing blockchain technologies and crypto financial services, believing they will transform banking and finance by enhancing security, accessibility, and the overall financial landscape.

Iconic Finance

Seed Round in 2018
Iconic Finance offers high-rewards banking services combined with personalized financial planning. The company provides clients with a credit card that offers 2.1% cash back on purchases, with potential bonuses of up to 8.00%, alongside savings accounts that earn an annual percentage yield of 1.0%. Founded in 2018 and headquartered in San Francisco, California, Iconic Finance aims to deliver tailored financial advice to help clients effectively manage their finances. The firm is staffed by Certified Financial Planners who are available 24/7 to assist clients with their financial needs.

Kombo

Seed Round in 2018
Kombo was created in 2016 by two entrepreneurs, Clement and Matthieu, after the liberalization of the market in France. Their aim is simply to enable everyone to travel by bus, easily and at the best price. If also think that train is too expensive, they may be friends. They offer trips from all bus operators in France (Ouibus, Flixbus, Isilines, Eurolines ...) and carpooling with BlaBlaCar. But above all, they try to offer the simplest interface possible to book trip. At Kombo, their commitment is to deliver a transport offer as comprehensive as possible. They have developed a powerful search algorithm to provide the results quickly. Last but not least, they are attached to objectivity: they are committed not to favor one carrier over another.

Burrow

Seed Round in 2017
Burrow, Inc. is a New York-based furniture company that designs, manufactures, and supplies a range of home furnishings, including customizable sofas, sectionals, loveseats, armchairs, and ottomans, as well as tables, rugs, and various accessories. Founded in 2016, Burrow focuses on creating luxury furniture that is both easy to move and comfortable, utilizing sustainably-sourced hardwood and non-toxic, scratch- and stain-resistant fabrics. The company aims to reinvent the home furnishing experience by offering personalized and durable products that allow customers to avoid traditional retail markups. Burrow sells its items through physical showrooms in several states, including Washington, Massachusetts, Texas, and California, as well as through its online platform. The company's manufacturing facility is located in Mexico City, Mexico.

Burrow

Seed Round in 2017
Burrow, Inc. is a New York-based furniture company that designs, manufactures, and supplies a range of home furnishings, including customizable sofas, sectionals, loveseats, armchairs, and ottomans, as well as tables, rugs, and various accessories. Founded in 2016, Burrow focuses on creating luxury furniture that is both easy to move and comfortable, utilizing sustainably-sourced hardwood and non-toxic, scratch- and stain-resistant fabrics. The company aims to reinvent the home furnishing experience by offering personalized and durable products that allow customers to avoid traditional retail markups. Burrow sells its items through physical showrooms in several states, including Washington, Massachusetts, Texas, and California, as well as through its online platform. The company's manufacturing facility is located in Mexico City, Mexico.

Make.org

Seed Round in 2017
Make.org is a unique company focused on reactivating democracies by engaging citizens in collaborative actions that address political and civic issues. Through its platform, citizens can propose ideas and vote on them, facilitating targeted lobbying efforts aimed at influencing elected representatives. The company leverages its data-science capabilities to process substantial amounts of data, generating over 200,000 contributions monthly. Make.org combines a profitable growth model with a commitment to social impact, attracting numerous corporate partners who align with its initiatives. The organization emphasizes values of neutrality, transparency, and security while working to disrupt the European pollster market and empower responsible citizenship.

Inqom

Series A in 2017
Inqom is a Software as a Service (SaaS) company that specializes in automating accounting tasks through artificial intelligence. Its platform streamlines bookkeeping processes and generates balance sheets in real time, enhancing the efficiency of financial management. By processing and enriching accounting data, Inqom provides a centralized and standardized approach to accounting. The solution enables entrepreneurs to connect with chartered accountants, offering tools that automate data entry from various documents. This innovative software aims to simplify financial operations for businesses, making accounting more accessible and efficient.

Bellgram

Seed Round in 2017
Bellgram is a technology company based in San Mateo, California, founded in 2015. It specializes in developing a cloud-based application that enhances communication for businesses by providing a conversation assistant. This tool aims to improve productivity by enriching the conversation experience with customers before, during, and after phone calls. Bellgram's system collects and indexes relevant conversation data, making it searchable and enabling users to access business contacts from customer relationship management systems and other data sources. By utilizing historical data, the application offers predictions and suggestions that contribute to more intelligent and efficient voice conversations, aligning with contemporary trends in workplace productivity.

InvestiGroup

Angel Round in 2017
InvestiGroup is a developer of an online financial training platform aimed at making financial investment accessible to individuals. The company offers a comprehensive range of resources, including over 250 courses, quizzes, and online videos, to help users learn about and navigate the stock market. In addition to its educational content, InvestiGroup provides daily newsletters via email, guiding clients as they take their initial steps in building a financial portfolio. This commitment to democratizing financial investment empowers individuals to engage with the market at their own pace and from any location.

BacklotCars

Seed Round in 2017
BacklotCars operates an online marketplace that simplifies wholesale automotive transactions for auto dealers, finance companies, and rental car businesses. By offering vehicle inspections, transportation, and inventory finance services, the company eliminates the need for physical auctions, allowing clients to transact and liquidate their inventory directly. This approach enhances transparency and efficiency in the automotive wholesale market.

FretLink

Series A in 2017
FretLink is a SaaS marketplace connecting thousands of transportation companies with companies that need to send big piles of stuff. FretLink is a flow management solution to industrial shippers that brings more visibility to all stakeholders in the chain. The carriers inform their available transport capacity and receive transport orders at the right price to complete their loads.

Shield Bio

Seed Round in 2017
Shield Bio focuses on combating antibiotic resistance, which is projected to surpass cancer as a leading cause of death by 2050. With infections like gonorrhea becoming resistant to numerous antibiotics, resulting in over 820,000 new cases annually in the U.S., the urgency to address this crisis has escalated. Shield Bio has developed an innovative genomic testing platform that allows sexually transmitted infection (STI) clinics to identify antibiotic-resistant strains of pathogens. This technology enables healthcare providers to determine the most effective antibiotics for treatment, thereby improving patient outcomes and helping to prevent the further spread of antibiotic resistance. By enhancing the accuracy and speed of susceptibility testing, Shield Bio aims to tackle one of the most significant challenges in modern medicine.

Sequoia Pressing

Venture Round in 2017
Sequoia Pressing has embarked on a simple but ambitious idea: (re) to discover and appreciate the art of cleaning and care of textiles.

Freshtohome

Series A in 2017
Freshtohome is an online grocery store based in Bangalore, launched in 2015 by Shan Kadavil. The platform specializes in providing a wide variety of fresh seafood and meat products, including fish, poultry, mutton, and steaks, sourced directly from suppliers. Freshtohome emphasizes the quality of its offerings, ensuring that products are free from chemicals and preservatives. In addition to seafood and meat, the store also lists vegetables and marinated foods, catering to health-conscious consumers. The service includes home delivery, making it convenient for customers to access fresh and healthy food options at reasonable prices.

Onfleet

Seed Round in 2016
Onfleet is a B2B software company that specializes in last-mile delivery logistics. Onfleet powers millions of deliveries every month for thousands of businesses around the world. Onfleet's customers range from food and beverage delivery services to laundry and dry cleaning, pharmaceutical, retail and e-commerce delivery businesses. The company's product includes a web-based dispatch dashboard for routing, tracking, dispatching, and analytics, intuitive iOS and Android apps for drivers, automated customer notifications and real-time driver tracking, and a robust RESTful API. Onfleet was founded in 2012 by a team of engineers at Stanford University.

Price.com

Seed Round in 2016
Price.com is a money savings platform that facilitates comparison shopping by providing users with access to discounts, cashback, coupons, and price history. Founded in 2016 by RJ Rain in San Francisco, the platform employs a patented AI-powered matching algorithm to help consumers discover a wide range of products, including new, used, refurbished, and rental items. Available as a desktop and mobile website, browser extension, native app, and chatbot, Price.com offers a comprehensive and transparent shopping experience. It enables users to compare prices across various retail marketplaces, allowing them to make informed purchasing decisions and maximize their savings.

Zipline

Series B in 2016
Zipline Inc. is a California-based company that specializes in designing, manufacturing, and operating drones for the delivery of essential medical supplies, including vaccines, medicines, and blood. Founded in 2011 and headquartered in Half Moon Bay, the company aims to provide instant access to vital medical products for every individual globally. Since its inception, Zipline has developed a rapid delivery drone and an autonomous logistics network, allowing for efficient distribution to hospitals and health centers, particularly in remote areas. By leveraging its proprietary fixed-wing drone technology, Zipline facilitates timely deliveries that support the medical community and enhance patient care.

Returnly

Seed Round in 2016
Returnly specializes in creating digital return experiences for direct-to-consumer brands. It offers a unique return solution that allows customers to receive the correct item before returning an incorrect one, significantly enhancing the shopping experience. With an impressive average consumer satisfaction score of 91%, Returnly provides a comprehensive platform that includes returns management tools and customizable end-customer interfaces. These features encompass package tracking, online returns and exchanges, as well as environmentally friendly return options. By focusing on customer-centric solutions, Returnly aims to streamline the return process and improve overall satisfaction for both brands and their customers.

Verve

Seed Round in 2016
Verve Events is a leading company in the live entertainment industry, specializing in word-of-mouth sales. The organization utilizes networks of advocates to promote and sell experiences, such as events and festivals, to their peers in exchange for rewards like free tickets and backstage passes. With a presence in over 40 countries, Verve is trusted by more than 500 events worldwide. The company collaborates with various ticketing providers, including Ticketmaster, Eventbrite, Paylogic, and Front Gate Tickets, to facilitate these transactions and enhance the overall experience for both advocates and event attendees.

Eight Sleep

Series A in 2016
Eight Sleep, Inc. is a sleep technology company based in New York, founded in 2014. It specializes in the manufacturing and sale of smart mattresses that feature advanced temperature control, allowing users to cool or heat each side of the bed according to their preferences. The products are designed to enhance comfort and support optimal rest, health, and daily functioning by tracking heart rate and other health metrics. In addition to smart mattresses, Eight Sleep offers a range of accessories, including sleep trackers, pillows, organic sheets, foundations, waterproof protectors, blue wave glasses, and gravity blankets. The company primarily sells its products online and is recognized for its innovation in the sleep industry, having been named one of the Most Innovative Companies in Consumer Electronics by Fast Company in 2018.

WIJET

Series B in 2016
WIJET is a European taxi jet company. It offers a fleet that consists of twin-engine Cessna Citation Mustang jets. The company was founded in 2010 and is headquartered in Paris, France.

TL Biolabs

Seed Round in 2016
TL Biolabs offers economical genomic tests for beef and dairy cattle, with free software to deliver actionable results.

Burrow

Seed Round in 2016
Burrow, Inc. is a New York-based furniture company that designs, manufactures, and supplies a range of home furnishings, including customizable sofas, sectionals, loveseats, armchairs, and ottomans, as well as tables, rugs, and various accessories. Founded in 2016, Burrow focuses on creating luxury furniture that is both easy to move and comfortable, utilizing sustainably-sourced hardwood and non-toxic, scratch- and stain-resistant fabrics. The company aims to reinvent the home furnishing experience by offering personalized and durable products that allow customers to avoid traditional retail markups. Burrow sells its items through physical showrooms in several states, including Washington, Massachusetts, Texas, and California, as well as through its online platform. The company's manufacturing facility is located in Mexico City, Mexico.

Yoshi

Seed Round in 2016
Yoshi, Inc. specializes in providing convenient automotive services, including gas delivery, oil changes, and car washes, directly to parked vehicles. Founded in 2015, the company operates primarily in the Greater Atlanta, Nashville, and San Francisco Bay areas. Yoshi offers a mobile application that helps users access the latest fuel prices and additional vehicle services. With a focus on efficiency and customer satisfaction, Yoshi aims to keep vehicles running smoothly while minimizing the environmental impact of its operations. The company's headquarters are located in Wilmington, Delaware.

CareSkore

Seed Round in 2016
CareSkore Inc. is a healthcare technology company based in Union City, California, founded in 2014. It specializes in population health management solutions aimed at helping healthcare organizations effectively manage patient populations. The company's web and mobile platform utilizes multivariate predictive analysis and machine learning to aggregate and normalize data, allowing healthcare providers to measure and manage clinical and financial risks efficiently. CareSkore's services include patient management, cost optimization, workflow management, and automated patient outreach, all designed to facilitate timely interventions and enhance the overall continuum of care. By offering robust reporting capabilities and user-friendly features, CareSkore assists hospitals, health systems, accountable care organizations, and managed care organizations in reducing costs and optimizing revenues.

Accredible

Seed Round in 2016
Accredible is a digital badge and certificate platform that focuses on creating, issuing, and managing secure digital credentials. Founded in 2013 and based in Mountain View, California, the company offers software that enables organizations to securely issue, manage, track, and verify digital certificates and badges. By streamlining the credentialing process, Accredible helps businesses save time and resources while enhancing their marketing reach through online credential tracking. The platform aims to make learning more credible and accessible for users.

AMODO

Seed Round in 2016
AMODO is a developer of an insurance telematics platform that enables insurance companies to create and distribute innovative insurance products based on customer behavior and usage data. The platform primarily focuses on the mobility sector, offering solutions such as pay-as-you-drive and pay-how-you-drive insurance, as well as travel, accident, gap, and short-term motor insurance. AMODO's technology provides driving analytics and detailed reports on driving behavior, helping insurers understand customer risk exposure and tailor products accordingly. The platform also emphasizes customer engagement, incorporating automated mechanisms for regular interaction that can be scheduled in advance, ensuring effective communication and product promotion. By facilitating direct digital channels, AMODO helps insurance providers enhance their services and reach new market segments more efficiently.

OpenJet

Seed Round in 2016
OpenJet offers a comprehensive flight management platform that digitizes the booking and operational processes for private jet and helicopter services. Utilizing artificial intelligence, the platform provides charter jet operators with an all-encompassing solution for managing bookings, sales, operations, and crew logistics. With a cloud-based infrastructure, OpenJet enables real-time access to operational data, including aircraft availability, crew schedules, and regulatory compliance. The platform enhances efficiency by streamlining scheduling, preflight procedures, and various flight operations such as planning, weight and balance, and fuel management. Additionally, the Pilot app ensures that crews receive timely updates, while the system tracks licensing and operational proficiency seamlessly. By connecting aircraft operators with private charter services, OpenJet facilitates safe and efficient travel experiences.

Scentbird

Seed Round in 2016
Scentbird Inc. is a New York-based company that offers an online subscription service for luxury fragrance samples. For a monthly fee of $14.95, subscribers can choose from a wide selection of designer and niche perfumes, allowing them to experience different scents before making a purchase. The platform employs an algorithm that categorizes consumers into one of eight fragrance archetypes, providing personalized recommendations to enhance the shopping experience. By catering to both men and women, Scentbird aims to disrupt the $40 billion perfume market, offering affordable access to a diverse range of fragrances while achieving high profit margins.

Cover

Seed Round in 2016
Cover Financial, Inc. is a mobile-first insurance brokerage that offers a range of insurance products, including coverage for commercial property, workers compensation, general liability, and cyber risks. The company, founded in 2015 and headquartered in San Francisco, California, operates a mobile application that simplifies the insurance process. Users can take a picture of the item they wish to insure, whether it be vehicles, mobile phones, pets, or homes, and the app connects them with various insurance partners to find competitive rates and suitable coverage options. This innovative approach allows users to efficiently compare policies and select the best fit for their needs.

Vinebox

Seed Round in 2016
Vinebox Inc. is a subscription service that specializes in delivering wines in single-serving, by-the-glass formats. Founded in 2015 and located in San Francisco, California, the company offers members the opportunity to receive monthly curated wine boxes that feature three carefully selected wines in perfectly measured pours. The wines are sealed in a closed-nitrogen environment to preserve their bouquet, flavor profile, and mouthfeel, ensuring a high-quality tasting experience. Vinebox aims to provide an accessible and cost-effective way for customers to explore different wines for various occasions and celebrations.

GoLorry

Seed Round in 2016
GoLorry is a transport and logistics service provider based in Hyderabad, India, with operations also in California. Founded in 2015, the company has developed a platform that connects businesses, truck owners, and drivers to facilitate logistics management. This platform allows users to find assistance with jobs, manage the logistics of deliveries, and handle payments, thereby improving turnaround times and enabling logistics service providers to optimize their operations.

Wholi

Seed Round in 2016
Wholi is a collection of lists of people for the startup community in London. It is solving people search online using a combination of web-scale data gathering, indexing, natural language processing, machine learning, and graph networks.

The Family

Venture Round in 2016
The Family is an investment firm focused on creating a comprehensive service infrastructure for startups in Europe. It operates by taking a 5% equity stake in exchange for long-term support, providing resources and guidance to emerging companies. The firm has built a diverse portfolio of over 200 active companies located in major cities such as London, Paris, and Berlin. Notable companies in its portfolio include Captain Train, which was acquired by Trainline, as well as Algolia and Payfit. Through its unique model, The Family aims to foster growth and innovation within the startup ecosystem.

LeapYear

Seed Round in 2016
LeapYear specializes in developing technology that allows enterprises to harness the value of sensitive data while ensuring its security. The company's platform employs differential privacy, a proven mathematical standard, to facilitate the use of data for machine learning without risking exposure or exploitation. By integrating advanced techniques in machine learning and cryptography, LeapYear enables organizations to analyze and monetize previously restricted data sources. It has established partnerships with major companies across various sectors, including financial services, healthcare, technology, and insurance, to support the secure combination and analysis of siloed information.

Honey

Series A in 2016
Honey Science Corporation operates an online service that assists consumers in saving money while shopping by automatically finding and applying coupon codes at checkout. Established in 2012 and based in Los Angeles, California, Honey has garnered a user base of over 10 million worldwide, collaborating with more than 30,000 retailers. The service not only streamlines the coupon application process but also provides additional features such as price history tracking and notifications for product price drops through its Droplist tool. Additionally, Honey offers a rewards program called HoneyGold, which allows users to earn cash back on their online purchases. In January 2020, Honey became a subsidiary of PayPal Holdings, Inc.

Cleanio

Seed Round in 2016
Cleanio is a laundry service company based in Paris, France, founded in 2014. It specializes in dry cleaning and offers convenient pickup and home delivery services for its clients. Through its mobile application, users can schedule appointments in 30-minute slots, allowing for efficient coordination of their laundry needs. Cleanio partners with trusted service providers to ensure quality cleaning and guarantees the return of cleaned items within 48 hours. The company operates as a subsidiary of E-Commerce Services Limited, enhancing its capacity to deliver reliable services to customers.

HelixNano

Convertible Note in 2015
Helix Nanotechnologies uses artificial intelligence to help cure genetic diseases. HelixNano is a Y Combinator and venture backed biotech startup. At HelixNano, we have spent the last two years developing cancer vaccines. Now we are adapting our synthetic biology arsenal to take on COVID-19. We’re moving fast but thinking long-term. We’re already testing COVID-19 vaccine candidates designed to be precise and safe. Our next goal is to create a vaccine that protects everyone not only from this virus, but all future coronaviruses.

Omixy

Seed Round in 2015
Omixy Ltd. is a London-based company founded in 2015 that operates a personalized medicine platform. The company specializes in health diagnostic services, providing comprehensive omic profiling for patients. By analyzing genomic, microbiomic, and metabolomic profiles, along with other key biomarkers from blood, urine, saliva, and stool samples, Omixy enables individuals to gain a thorough understanding of their health. This approach aims to enhance disease prevention and improve overall health outcomes.

adRise

Series B in 2015
AdRise is an internet TV ad platform that distributes and monetizes TV shows and movies by partnering with premium content owners. The company partners with premium content owners to distribute and monetize TV shows and movies across Xbox, Roku, TiVO, Smart TVs & Blu-ray players (such as Samsung & Sony), tablets, mobile devices, and streaming boxes.

Biomiic

Convertible Note in 2015
Biomiic is a Boston-based company that specializes in microbiome sequencing services. It employs advanced high-throughput metagenomic sequencing technology to provide detailed genomic information about the bacteria and viruses present in the human body. By utilizing its innovative sample preparation methods, Biomiic aims to deliver fast and accurate insights into microbial ecosystems, which can be valuable for clinics and healthcare providers. The company's research focuses on harnessing the data from these microbes to enhance understanding of human health and disease.

Zycada

Seed Round in 2015
Zycada specializes in enhancing eCommerce performance by accelerating the delivery of dynamic content, enabling retailers to meet the high expectations of online shoppers for speed and personalization. The company's platform addresses challenges related to network performance, such as congestion and data packet loss, allowing retailers to adapt in real-time to changing network conditions. By utilizing Zycada's technology, businesses can personalize shopping experiences without requiring code changes, ultimately leading to higher user engagement and increased revenue. Clients that implement Zycada's solutions have reported revenue gains of over 5%.

Clear Labs

Series A in 2015
Clear Labs, Inc. is a food analytics company based in Menlo Park, California, founded in 2013. The company specializes in providing a comprehensive analytics platform that analyzes the molecular contents of food and ingredients. Its offerings include Clear Dx™ and Clear Safety™, which utilize next-generation sequencing and data analytics for food safety testing and infectious disease surveillance. Clear Labs serves food manufacturers, suppliers, and retailers by ensuring transparency throughout the supply chain and testing products for various factors such as authenticity, contamination, allergens, and nutritional content. The platform delivers actionable insights that enhance safety and operational efficiency while supporting public health initiatives. Through its integrated genomics system, Clear Labs aims to simplify complex diagnostics across clinical and applied markets, making genomic insights accessible to labs, hospitals, and businesses.

Mavrx

Seed Round in 2015
Mavrx uses satellite and high resolution crop imagery to deliver services to the agriculture inputs supply chain, input manufacturers, and large farms. Mavrx’s award winning precision agriculture platform and Mavrx Scout mobile tool are used by agriculture professionals around the world on more than 30 crops from corn and soybeans to cotton and sugarcane. The system uses sophisticated computer vision, data compression, and machine learning algorithms to detect abnormalities like weeds, uneven emergence, nutrient deficiencies, disease/insect infestations, water damage, equipment problems and more so that farmers can address issues quickly and understand the impact on yield and cost of production.

CaptureProof

Seed Round in 2015
The world is more connected than it has ever been before - but access to healthcare is still one of their biggest challenges. At CaptureProof, they strive to set the standard for medical media: create and implement innovative technologies that allow patients and physicians to capture, compare, share, search and analyze pertinent media. Their goal is to positively impact medicine: enabling physicians and patients to objectively compare data, make more informed decisions and take better care. CaptureProof is a HIPAA compliant solution for patients and providers to communicate through sharing of photos and/or video with the entire care team. They are a community of providers who want to treat their patients with modern tools. Currently, an invite is necessary to set up an account.

Bodyport

Seed Round in 2015
Bodyport Inc. is a company based in San Francisco, California, that specializes in the development of sensor-equipped weighing scales designed specifically for cardiac patients. The company's flagship offering is a biomarker-driven virtual clinic aimed at the prevention and management of heart disease. Utilizing proprietary sensor technology, Bodyport's device measures critical health metrics such as blood pressure, heart rate, heart rate variability, and arterial stiffness through the feet. This data helps healthcare providers assess patients' overall health and identify early signs of cardiovascular disease, facilitating timely interventions to prevent hospitalizations and enhance quality of life. In addition to its hardware, Bodyport offers an online patient portal and educational resources to support users in managing their health. The company was incorporated in 2015.

Scentbird

Seed Round in 2015
Scentbird Inc. is a New York-based company that offers an online subscription service for luxury fragrance samples. For a monthly fee of $14.95, subscribers can choose from a wide selection of designer and niche perfumes, allowing them to experience different scents before making a purchase. The platform employs an algorithm that categorizes consumers into one of eight fragrance archetypes, providing personalized recommendations to enhance the shopping experience. By catering to both men and women, Scentbird aims to disrupt the $40 billion perfume market, offering affordable access to a diverse range of fragrances while achieving high profit margins.

SigOpt

Seed Round in 2015
SigOpt, Inc. operates an advanced optimization platform designed to enhance the performance of machine learning models, A/B tests, and physical experiments. Founded in 2014 and based in San Francisco, California, the company offers a REST API that integrates seamlessly into existing machine learning workflows. SigOpt's platform employs a black-box optimization approach, allowing users to input parameter spaces and performance metrics without needing to share underlying data. By continuously analyzing model performance, SigOpt refines its suggestions for optimal hyper-parameter configurations, thereby accelerating the model development process and improving results in a cost-effective manner. As of late 2020, SigOpt functions as a subsidiary of Intel Corporation.

Mitoo

Seed Round in 2015
Mitoo Inc., based in San Francisco, California, develops a mobile application designed for players, leagues, clubs, and governing bodies involved in team sports. The platform serves as a comprehensive social hub and management tool, allowing recreational sports teams, players, and league organizers to efficiently manage their teams and access vital information. By providing a centralized space for various stakeholders in the sports community, Mitoo aims to enhance communication and streamline organizational processes within the realm of sports.

Tapiture

Series A in 2015
Tapiture is a social curation and e-commerce platform that enables users to discover, share, and purchase a wide range of products and content. The platform aggregates various forms of media, including photos, videos, GIFs, and articles, creating a personalized browsing experience that adapts to individual interests. Users can explore specific topics, organize their favorite finds into collections, and share them with friends. Accessible through both a mobile app and a website, Tapiture offers an endless feed of content tailored to its users' preferences, making it a valuable resource for discovering unique items and engaging media from across the internet.

Direct Match

Seed Round in 2015
Direct Match is a venture-backed startup focused on creating a pioneering trading venue for US Treasuries. The company offers a front-end electronic platform designed to facilitate a fair and transparent trading environment. Its all-to-all anonymous central limit order book (CLOB) enables buy-side customers to trade US Treasuries directly with one another, thereby enhancing access to liquidity and improving execution costs.
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