Ledgerloop
The double-entry ledger fintechs keep trying to build themselves — so their books close daily instead of eating the last week of every month.
Portfolio
Sixty-four companies. Twelve of them we backed twice.
A selection from Funds I–IV. Some are quiet by design; the ones below were happy to be named.
Chartwise
Reads clinical notes while the clinician still remembers the patient — and grades itself against real coder decisions, not a comfortable proxy.
Griddle
Turns the solar, batteries and chargers now hanging off the grid into something a utility can plan around instead of react to.
Rosetta Systems
Translates old COBOL into modern Java and hands over a proof it behaves identically — so banks can leave the mainframe without crossing their fingers.
Novance
A corporate treasury for companies that can't yet afford one — one live view of cash across every entity, bank and currency.
Thermafold
Heat pumps hot enough to retire a factory's gas boiler — shipped as skids you stack to fit the line, no redesign required.
Keypost
Pays distributed Southeast Asian teams on time and in local currency, on rails that are properly licensed in four jurisdictions.
Axiomatic
Catches packaging defects at line speed without a single image leaving the fab — the only version a chipmaker will let in the door.
Freightward
Matches empty return trips with freight going the other way. Cut empty miles 19% across its first hundred carriers.
Clarisure
Automates claims for speciality insurers while recording exactly why each one was paid, queried or denied — so it survives the regulator.
Palimpsest
Reads forty years of scanned leases and surfaces the obligations buried on page 340 — before they become someone's very bad day.
Wattvault
Gives retired EV battery packs a second life holding up commercial buildings — sold as a service, not a capital purchase.
Polymorra
Closes the loop on pharmaceutical crystallization so the right polymorph comes out the first time — no more months lost to a wrong batch. Founded by Priya Krishnan.
Steelira
Runs the rolling mill itself — gauge, shape and metallurgy held to target before the pass, not inspected after the coil. Founded by Naeem Khan.
Duromex
Runs the appliance line — forming, foaming, assembly and leak test held to quality and takt before the build, not caught at end of line. Founded by Kabeer Iqbal.
Treadum
Runs the tire plant — mixing, building, curing and inspection held to uniformity and takt before the run, not caught at final X-ray. Founded by Nadeem Ahmed.
Smelteon
Runs the foundry — melt, mould, pour and inspection held to soundness before the pour, not caught at the X-ray. Founded by Abdul Basit and Malik Tariq.
Yarneon
Runs the textile mill — spinning, weaving, dyeing and inspection held to shade and quality before the run, not caught at the end of the line. Founded by Ethan Mitchell and Ryan Parker.
Milkeon
Runs the dairy plant — separation, pasteurisation, fermentation, drying and inspection held to composition and food-safety spec before the run, not caught at the lab. Founded by Daniel Cooper and Jason Reed.
Waferira
Runs the wafer fab — litho, etch, deposition and CMP control, defect classification, virtual metrology and dispatch held to yield and uniformity before the lot runs, not caught at inspection. Founded by Sebastian Ward and Adrian Phillips.
Forgiron
Runs the forge — billet heating, press and die control, defect inspection and handling held to soundness, dimension and takt before the stroke, not caught after the part is made. Led by Andrew Whitmore and Kevin Rhodes.
Powdrix
Runs the additive floor — build preparation, in-situ melt-pool control, inspection and post-processing held to density, geometry and takt before the build, not caught after the part is printed. Led by Christopher Hayes and Jonathan Pierce.
Doughex
Runs the bakery — mixing, proofing, depositing, baking and inspection held to quality, weight and takt before the run, not caught after the product is baked. Led by Matthew Sinclair and Eric Donovan.
No companies match that filter yet.
Outcomes
Where the portfolio stands
Figures across Funds I–IV as of Q2 2026. Past performance is not indicative of future results.
64
Investments made
9
Exits & acquisitions
71%
Raised a Series A
4.1x
Fund I net multiple
The next one could be yours
We have capacity for four more investments this year, and no quota to fill by December.