Sectors
Consumer & Retail.
Consumer brands, marketplaces, and commerce technology. The firm's consumer thesis centres on rewards economics: loyalty infrastructure denominated in real-world value is becoming a distribution channel for both commerce and, eventually, tokenized assets — and should be valued as distribution, not as gaming.
The firm's partner history includes global consumer names; its portfolio includes the rewards infrastructure the thesis describes.
Disclosed positions in this sector
Private Equity
Flashy — Culture and finance ecosystem uniting media, gaming, and social platforms.
Private Equity
Zenko Protocol — Token-powered engagement ecosystem for businesses, sports clubs, and schools.
Private Equity
Chirpley — AI-powered peer-to-peer influencer marketing marketplace.