Investments
154Portfolio Exits
5Latest Picus Capital News
Aug 5, 2022
Stride , a NYC-based developer of a multichain liquid staking protocol for the Cosmos ecosystem, raised US$6.7m in seed funding. The round was led by North Island VC, Distributed Global, and Pantera Capital, with participation from Cosmos ecosystem validators Imperator, Cosmostation, Everstake, and Staking Facilities, as well as investors 1Confirmation, Cerulean Ventures, Node VC, Picus Capital and Road Capital. The company intends to use the funds to recruit technical talent and non-technical talent to enhance product offerings as well as grow both the Stride and Cosmos ecosystems. Founded in March 2022 and led by Vishal Talasani, Riley Edmunds, and Aidan Salzmann, Stride is the first feature complete liquid staking zone in the Cosmos ecosystem, enabling users to earn both staking and DeFi yields across the Cosmos Inter‐Blockchain Communication (IBC) ecosystem. Through its multichain liquid staking experience focused on safety and security, users are able to liquid stake their assets on any IBC-compatible blockchain all on an incredibly simple, vertically integrated App UX. Users staking tokens with Stride receive stTokens, which can be used in DeFi applications or sold for instant liquidity, while also earning auto-compounding staking rewards on their staked tokens. Stride, which is audited by Certik and Oak Security, two of the leading blockchain auditors, currently offers redemptions, which will mitigate much of the risk associated with liquid staking that led to the stETH:ETH depeg in early June. In the near-term, the team plans to introduce additional innovative security measures such as rate-limiting. The company is working closely with several top validators in the Cosmos ecosystem, including Imperator, Cosmostation, Everstake, and Staking Facilities, and is in talks with several leading Cosmos DeFi platforms about integrating exchanges and money markets. The protocol currently offers staking support for Cosmos Hub (stATOM), and by the end of the year plans to support a number of IBC-compatible assets including: Juno (stJUNO), Secret (stSCRT), Osmosis (stOSMO), Kava (stKAVA), Oasis (stROSE), Axelar (stAXL), Akash (stAKT), Evmos (stEVMOS), Injective (stINJ), Regen (stREGEN), Sommelier (stSOMM), Band (stBAND), dYdX (stDYDX), Terra V2 (stLUNA), Stargaze (stSTARS), and Umee (stUMEE) (full list is available here ). FinSMEs 05/08/2022
Picus Capital Investments
154 Investments
Picus Capital has made 154 investments. Their latest investment was in DigiBuild as part of their Seed VC on July 7, 2022.
Picus Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/25/2022 | Seed VC | DigiBuild | $4M | Yes | 1 | |
7/25/2022 | Pre-Seed | Omni HR | $2.4M | Yes | 2 | |
7/19/2022 | Series D | Casavo | $102.59M | No | 3 | |
7/18/2022 | Seed VC | |||||
7/8/2022 | Seed VC |
Date | 7/25/2022 | 7/25/2022 | 7/19/2022 | 7/18/2022 | 7/8/2022 |
---|---|---|---|---|---|
Round | Seed VC | Pre-Seed | Series D | Seed VC | Seed VC |
Company | DigiBuild | Omni HR | Casavo | ||
Amount | $4M | $2.4M | $102.59M | ||
New? | Yes | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 2 | 3 |
Picus Capital Portfolio Exits
5 Portfolio Exits
Picus Capital has 5 portfolio exits. Their latest portfolio exit was Getsurance on January 25, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
1/25/2021 | Acquired | 7 | |||
Date | 1/25/2021 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 7 |
Picus Capital Team
3 Team Members
Picus Capital has 3 team members, including current Founding Partner, Managing Director, Robin Godenrath.
Name | Work History | Title | Status |
---|---|---|---|
Jeremias Heinrich | Founder | Current | |
Alexander Samwer | Founder | Current | |
Robin Godenrath | McKinsey & Company, Pacific Investment Management Co., Morgan Stanley, Berenberg Private Capital, The Bosch Group, Puma, and Ernst & Young | Founding Partner, Managing Director | Current |
Name | Jeremias Heinrich | Alexander Samwer | Robin Godenrath |
---|---|---|---|
Work History | McKinsey & Company, Pacific Investment Management Co., Morgan Stanley, Berenberg Private Capital, The Bosch Group, Puma, and Ernst & Young | ||
Title | Founder | Founder | Founding Partner, Managing Director |
Status | Current | Current | Current |
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