Institutional Infrastructure
for Venture Capital
Syndication & Co-Investment

Fintech startup OpenFX has raised $94 million in a Series A funding round, as it looks to modernize foreign exchange (FX) infrastructure for institutional clients and global financial markets.The round was led by Accel, with participation from NFX, Lightspeed Venture Partners, and other strategic investors, signaling strong confidence in the company’s vision to digitize and streamline FX trading systems.OpenFX is building a platform focused on real-time, API-driven foreign exchange infrastructure, enabling financial institutions, fintechs, and enterprises to access faster, more transparent, and cost-efficient currency transactions. The company aims to replace legacy FX systems that are often fragmented, slow, and expensive.The newly raised capital will be used to expand product capabilities, scale global operations, and onboard institutional clients, as demand grows for programmable financial infrastructure across cross-border payments and trading.OpenFX’s growth reflects a broader shift in the fintech ecosystem, where startups are re-architecting core financial systems using API-first and cloud-native technologies, particularly in high-volume markets like foreign exchange.

Brussels-based digital asset firm Keyrock has reached a valuation of $1.1 billion following its Series C funding round led by SC Ventures, the investment arm of Standard Chartered, marking its entry into the unicorn club in the crypto-finance space.The round also saw continued participation from existing investor Ripple, with the funding expected to reach up to $100 million as the round remains open.Founded in 2017, Keyrock operates as a digital asset investment and trading firm, offering services including market making, asset management, over-the-counter (OTC) trading, and options trading. The company has positioned itself as a bridge between traditional financial institutions and crypto markets, operating across more than 80 trading venues globally with a team of over 200 professionals.The newly raised capital will be used to strengthen its balance sheet, expand service offerings, and pursue strategic acquisitions, as the firm looks to scale its presence in the evolving digital asset ecosystem.Keyrock’s growth reflects increasing institutional interest in crypto market infrastructure, particularly firms that provide liquidity, trading, and financial services as the digital asset industry matures. The funding also highlights the growing role of traditional financial institutions like Standard Chartered in shaping the future of blockchain-based finance.

London-based fintech startup 9fin has reached a valuation of approximately $1.3 billion in its latest funding round, marking its entry into the unicorn club as demand rises for AI-powered credit market intelligence.The company is reportedly raising up to $150 million in fresh capital, as it looks to strengthen its position in the highly competitive market for debt and credit data analytics.Founded in 2016, 9fin provides a platform that leverages artificial intelligence and machine learning to deliver insights on leveraged finance, private credit, and distressed debt markets. Its tools are widely used by investment banks, asset managers, and law firms to analyze complex financial data more efficiently.The company has seen rapid growth, with annual recurring revenue estimated around $50 million, and is being valued at roughly 20x its ARR, reflecting strong investor confidence in its data-driven approach to modernizing credit markets.The new funding will support global expansion, product development, and further investment in AI capabilities, as 9fin competes with traditional financial data providers by offering faster, more automated insights. The round also highlights a broader trend of increasing investment in AI-powered financial infrastructure, particularly platforms transforming legacy data-heavy industries.

AI infrastructure startup ScaleOps has raised $130 million in a Series C funding round, valuing the company at over $800 million, as it aims to tackle growing inefficiencies in cloud and AI compute management.The round was led by Insight Partners, with participation from existing investors including Lightspeed Venture Partners, NFX, Glilot Capital Partners, and Picture Capital, bringing the company’s total funding to more than $210 million.Founded in 2022 by Yodar Shafrir, ScaleOps develops a platform that automatically manages and optimizes cloud and AI infrastructure in real time, ensuring efficient allocation of compute resources such as GPUs, memory, and storage. The company addresses a critical issue in the AI era, where enterprises often face underutilized GPUs, over-provisioned workloads, and rapidly rising cloud costs.ScaleOps’ solution enables autonomous infrastructure management by continuously analyzing workload demand and dynamically reallocating resources without human intervention. According to the company, its platform can reduce cloud and AI infrastructure costs by up to 80%, while improving performance and reliability for enterprise applications.The newly raised capital will be used to expand its product capabilities, scale global operations, and strengthen engineering and go-to-market teams, as demand for AI infrastructure continues to surge globally. The company is already working with major enterprises including Adobe, Wiz, DocuSign, and Coupa, and has reported rapid growth amid increasing adoption of AI-driven workloads.The funding highlights a broader trend in the AI ecosystem, where startups focused on optimizing compute efficiency and infrastructure management are gaining traction as enterprises seek to control costs and scale AI deployments effectively.

Bengaluru-based spacetech startup Bellatrix Aerospace has raised $20 million (₹189+ crore) in a Pre-Series B funding round, led by Cactus Partners, as it looks to scale production of its satellite propulsion systems and expand global deployments.The round also saw participation from new investors including Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings, along with continued backing from existing investors such as Inflexor Ventures, Pavestone, GrowX, Startup Xseed, and Survam Partners, highlighting sustained investor confidence in India’s private space ecosystem.Founded in 2015, Bellatrix Aerospace develops advanced electric and green propulsion systems for satellites, enabling efficient maneuvering and reducing operational costs for space missions. The company operates a vertically integrated model covering design, development, manufacturing, and testing of propulsion technologies.The newly raised capital will be used to expand manufacturing capacity, scale high-throughput production lines, and support active customer programs, as demand rises from both domestic and international satellite operators. The company is also focusing on strengthening operational readiness and accelerating commercial deployments globally.Bellatrix has already achieved key milestones, including flight qualification of its core technologies, and is now transitioning toward large-scale production to position itself as a global leader in satellite propulsion. The funding comes amid growing momentum in India’s private space sector, driven by increasing satellite launches and global demand for cost-efficient in-space mobility solutions.

US-based defense tech startup Performance Drone Works (PDW) has raised over $110 million in a Series B funding round to accelerate the production of its modular military drones and expand its engineering capabilities.The funding round was led by Ondas, with participation from Hood River, Cedar Pine, Hanwha Asset Management’s venture fund, and Booz Allen Hamilton, alongside existing and new investors, reflecting strong investor confidence in next-generation combat robotics.Founded in Huntsville, Alabama, PDW designs and manufactures AI-enabled small unmanned aerial systems (sUAS) used for surveillance, electronic warfare, and strike missions. Its flagship C100 drone platform is already deployed across multiple branches of the US military, supporting tactical operations and battlefield intelligence.The newly raised capital will be used to scale manufacturing capacity, strengthen domestic supply chains, and enhance product development, as global demand for autonomous military systems continues to rise. The company is also focused on building a US-based production ecosystem, reducing reliance on foreign components and ensuring resilience in defense supply chains.PDW’s growth comes amid a broader shift in modern warfare, where low-cost, scalable drone systems are becoming critical assets for reconnaissance, targeting, and combat operations. Governments worldwide are increasingly investing in such technologies, positioning companies like PDW at the forefront of the rapidly expanding defense tech and autonomous systems market.