Technology
The infrastructure and tools that new companies are built on.
- Developer infrastructure
- Applied systems
- Data and compute
- New interfaces
Investments
Where we invest.
We deploy long-term capital in a small number of domains. The companies themselves stay with the founders we back.
Fintech
Financial products that should work as well as modern software.
- Payments
- Credit
- Banking products
- Capital markets tools
AI
Where models become durable businesses, not demonstrations.
- Vertical applications
- Workflow systems
- Evaluation and safety
- Model-adjacent infrastructure
Financial Infrastructure
The rails underneath modern money.
- Settlement and clearing
- Custody and identity
- On-chain and off-chain rails
- Operating systems for finance