TechU Portfolio Company News

It’s been an incredible few weeks for several TechU portfolio companies, and I wanted to pass along some updates on the wonderful progress that they have been making.

When we first invested in LedgerX back in Nov 2014, we realized that their long and arduous process to obtain CFTC registration would not be easy. Despite the challenges of attempting to become the first regulated options exchange for Bitcoin and the high regulatory hurdles that such a process would entail, the team, technology, and mission proved to be up for the challenge. I am proud to report that earlier in September, the CFTC granted LedgerX temporary registration as a Swap Execution Facility (more here), one of the key steps in the registration process. We are very proud of Paul, Juthica, and the rest of the LedgerX team and impressed by this substantial milestone achievement.

In further news, our third portfolio companyCapio Inc., which is at the forefront of building natural language processing technologies that will one day power communications between humans and automobiles has been recognized by the LA Auto Show’s Connected Car Expo as a Top Ten Startup (more here). We are very impressed by Capio’s progress and extremely proud of Ian, Tony, and the rest of the team.

Upwards and onwards!