Portfolio news: Albedo, Firefly Aerospace, Sugarfina and 23 more

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While markets fluctuated, our portfolio companies continued to build value throughout March. From lunar landings to strategic acquisitions, here’s a roundup of the most notable updates from our portcos.

In case you missed the last update featuring 27 news from portcos, you can check it out here.

The contract builds on Albedo's launch of its first satellite, Clarity-1, which delivers unprecedented imagery from space. Under this agreement, Albedo will share critical operational data about VLEO conditions to help the U.S. government develop new space capabilities in this largely untapped orbital regime.
In portfolio since |
Q2 2022 |
The company's subscription revenue grew by 488%, while total revenue saw an 80% year-over-year increase. Operating cash flow improved by 73%, marking Janover’s fourth consecutive quarter of sequential revenue growth.
In portfolio since |
Q1 2021 |

Firefly Aerospace became the first commercial company to complete a lunar landing. This achievement positions Firefly at the forefront of commercial space exploration.
In portfolio since |
Q3 2021 |
Founded in 2015, Candy Club has established distribution through boutique shops, hotel resorts, and national retailers. This acquisition follows Sugarfina's October 2024 purchase of BOXFOX, showing their commitment to strategic growth.
In portfolio since |
Q4 2023 |

This groundbreaking product, three years in development, distinguishes itself by meeting the stringent USDA organic certification requirements.
In portfolio since |
Q3 2021 |
Turbo® O₂ Cap has the potential to become a new standard in emergency care because it prevents hypoxia during emergency intubations by delivering continuous oxygen flow, significantly extending safe intubation times.
In portfolio since |
Q4 2024 |

This recognition strengthens Azure's market position in the sustainable construction sector, particularly as the company expands to address housing needs for those affected by recent LA fires.
In portfolio since |
Q4 2022 |
This Windows version includes significant improvements over the original Mac app, featuring auto-learning capabilities for new words, faster performance, and enhanced international language support.
In portfolio since |
Q1 2024 |
Greenstreet Growers is one of the top growers in the United States. This contract is valued at $750,000. As part of the partnership, Greenstreet's owner will also serve as an advisor to PittMoss.
In portfolio since |
Q4 2020 |

This funding will support technological enhancements, system validation, and strategic partnerships to facilitate market entry.
In portfolio since |
Q2 2024 |
Messari, the leading provider of crypto market intelligence, shared an in-depth report on Pyth Network's performance in Q4 2024. According to the report, the Total Transaction Value (TTV) reached $175.2 billion, representing a 459% YoY increase. This metric firmly establishes Pyth as the dominant oracle by transaction volume, securing 41% market share. The network's total price updates grew 67.5% YoY.
In portfolio since |
Q2 2021 |

This mission highlights SpaceX's reliability and continued operational excellence in providing critical astronaut transportation services.
In portfolio since |
Q2 2020 |
Edible Garden will be distributing its organic herb products through Freshtown's regional supermarket network, expanding its retail distribution.
In portfolio since |
Q2 2021 |

Hydro Wind Energy is advancing several breakthrough technologies including offshore wind energy storage systems, subsea reverse osmosis desalination combined with wind power, and QuenchSea - their commercially available portable desalination device that has already generated over $1 million in revenue. This token offering will help fund a large-scale offshore wind energy and storage system that aims to achieve TRL 7 (Technology Readiness Level 7). Once operational, it will represent a major step forward in sustainable power generation and energy storage solutions, critical for global decarbonization efforts.
In portfolio since |
Q2 2022 |
Dwolla is a leading U.S. account-to-account payment solution. This partnership enables Dwolla's clients to access Plaid's instant account verification and real-time balance checks alongside pay-by-bank payments through a single API. This unified solution combines open banking services with multiple payment methods (ACH, RTP, FedNow) while reducing technical overhead for businesses.
In portfolio since |
Q3 2021 |

This brand refresh includes a new logo, a revamped mobile interface, new web app, and redesigned website. The company now operates in 26 U.S. regions, serving its community of over 500,000 players, with international expansion planned for 2025.
In portfolio since |
Q1 2024 |
In 2024, Wrisk expanded its customer base to approximately 80,000 while achieving positive EBITDA in its UK operations. As the only independent insurtech focused exclusively on the automotive sector, Wrisk has secured strategic partnerships with major manufacturers including Jaguar Land Rover, Volvo, and Mercedes-Benz. The company doubled its headcount and expanded with new offices in Vienna and Munich, positioning it to capture a larger share of the $22 billion global insurtech market.
In portfolio since |
Q4 2023 |

This strategic partnership enables Axiom to create digital twins and integrate design, manufacturing, and operational phases on a single platform.
In portfolio since |
Q3 2022 |
This technology enables direct peer-to-peer connections to AI models running on home, office, or private cloud environments, eliminating the need for port forwarding or public IP addresses. By extending their "security through invisibility" approach to AI, Atsign enables users to access their AI models from anywhere while maintaining privacy and control.
In portfolio since |
Q2 2023 |

This collaboration will introduce SkyOS programs for Airbus H125/H130 and Sikorsky Black Hawk helicopters, expanding beyond the initial Robinson R66 implementation. This allows Skyryse to scale deployment of its single-control, fly-by-wire technology across multiple aircraft platforms, strengthening its position in the aviation safety and automation sector.
In portfolio since |
Q3 2021 |
EV CHECK PLUS is a comprehensive reporting service for used electric vehicles in the UK market. This product expands ClearWatt's suite of EV assessment tools and positions the company to capitalize on the growing used EV market, with over 30,000 used EVs entering the UK market monthly.
In portfolio since |
Q2 2024 |
The partnership will provide real-time transaction monitoring, risk assessment, and investigative support, potentially accelerating Sui's mainstream adoption by ensuring robust security infrastructure. This will strengthen Merkle Science's position in the blockchain intelligence market.
In portfolio since |
Q2 2022 |

Eric Schmidt is a former Google CEO, who has an estimated net worth of $34 billion, and is reportedly making an investment in the company. Simultaneously, Relativity announced progress on its redesigned Terran R rocket, completing a critical design review in December and beginning production of flight hardware.
In portfolio since |
Q3 2021 |
This strategic partnership demonstrates WASE's ability to help food production companies transform waste management challenges into value-added opportunities.
In portfolio since |
Q4 2023 |
The company was nominated in the Clinical Innovation category, recognizing its innovative approach to cancer care through clinical trial matching technology.
In portfolio since |
Q4 2023 |

This integration will allow Rarible users to mint, trade, and explore NFTs on this Layer 2 solution. To celebrate this expansion, Rarible launched Arbinauts, a free commemorative NFT collection.
In portfolio since |
Q2 2021 |
Claire Schlemme has been recognized by Forbes as one of the Top Women Founders in Direct-to-Consumer to Watch in 2025. The recognition from a major business publication enhances the company's visibility and credibility.
In portfolio since |
Q4 2020 |
Ludus Retail is a mobile app for in-person concessions and merchandise sales. This new product expands Ludus's service offerings to its 4,000+ client organizations, potentially creating a significant new revenue stream.
In portfolio since |
Q1 2023 |
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