FJ Labs

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[Ofek Lavian @OfekLavian]

We just raised $40M to solve America’s affordability crisis.

Groceries are the #1 financial stressor in America. Food prices are up 30% since the pandemic. For the 100 million Americans earning under $50K, the money runs out before the month does.

To fix it, Forage is building a network for affordability:

1. For families, we’re building a suite of products to expand financial access

2. For partners, we’re building a revenue growth engine by helping them win on affordability

Today, our technology is used in over 100,000 stores across all 50 states. Our payments volume is up 13x YoY. When grocers switch to Forage, they see a 15% lift in EBT revenue.

We also launched the Forage app, a free tool that helps cost-conscious families check their EBT balances, save on groceries, and earn rewards on every purchases.

US grocery is a $1.5T market. We're just getting started.

Onwards! 🚀

[Midas @MidasRWA]

https://t.co/tluLKoHoAB

[Midas @MidasRWA]

Following recent events in the market, we would like to outline how Midas infrastructure is designed and provide an update on our operations.

All Midas operations continue to function as designed. Redemptions are processed as requested, with all mTokens performing in accordance with their defined parameters.

Transparency, accountability, and integrity remain at the core of Midas’s infrastructure and vision for on-chain finance. Midas does not manage assets or risk. Instead, Midas provides the tokenisation infrastructure through which qualified asset managers can issue tokenised products providing exposure to underlying strategies. All on-chain assets are verifiable in the public domain, and off-chain assets are verified by independent agents, including @Ankura_Consult and @eo_network.

All asset managers on the platform are responsible for providing ongoing communication on risk management over the course of the market developments. Midas amplifies these updates through official channels to ensure visibility and transparency.

[Midas @MidasRWA]

Introducing mWildUSD, a pre-deposit vault is structured to provide early access to a tokenised certificate referencing stablecoin yield strategies on the Plasma blockchain.

Built in partnership with @WildcatFi & @PlasmaFDN & @ethena & @Re7Labs

[Midas @MidasRWA]

Introducing mF-ONE, a tokenised certificate issued by Midas that tracks the performance of @FasanaraCapital’s flagship F-ONE private credit strategy.

Now live on @MorphoLabs, use mF-ONE as collateral to borrow USDC with liquidity from vaults curated by @SteakhouseFi.

[Julio Martínez @JULIOMARTINEZG]

Thrilled to announce that @Abacum_ai has raised a $60m Series B led by @scalevp with strong participation from @Cathayinnov.

[Noah - Set money free @Noah_HQ]

Noah has raised $22M to build the global payment network for the stablecoin era!

Welcome Thijn Lamers (ex-Adyen) as Co-Founder and President.

Backed by @localglobevc, @FelixCapital, @FjLabs + angels incl. @JTLonsdale (Palantir), @davidhelgason (Unity), @matthey_alex (ex-Adyen CTO) & Tom Stafford (DST) - thank you for believing in us.

Read the Fortune exclusive: https://t.co/fS8kvetX3Y

[Iggy @iggy_gl]

A few years ago, I left the traditional corporate path to build something from scratch.

Recently, @Emprendedores wrote about that journey and the early traction of @SquadTalent - we believe AI, referrals, and networks will shape the future of hiring.

Grateful for our early users and day 0 supporters (@FjLabs @fabricegrinda @JeffBerger_ @Jeffreyw5000 @arnehalleraker). Excited for what’s ahead!

https://t.co/aJ5aUqEGnR

[Kevin Mills @__kfm__]

Why has ETH price been anemic relative to the rest of the market? The story, the value accrual, and the competitive dynamics make it tough to justify at $450B when the opportunity cost is so high with other investment opportunities. Is ETH valuable? ABSOLUTELY, but...

[Playgama @PlaygamaCom]

1 / Excited to announce our $3M funding round led by @topdotco and s16vc, with the support of @FjLabs, The Games Fund and @TON_Ventures.

This money will fuel our mission to unlock the full potential of HTML5 for game creators worldwide 🧵

https://t.co/2KRTIZ5K1S

[FJ Labs @FjLabs]

Congratulation to LoopUp for closing a £12 million equity round

https://t.co/3U3yOQDFKb

[Joshua Voydik @joshuavoydik]

https://t.co/rex8KgFGrr

[Lawrence Lin Murata @LawLM]

⚡We are excited to announce our $65M equity and debt round from @JPMorgan, which brings our total funding to $77M in equity and $175M in debt. The fintech industry is going through a tumultuous time. Companies are going under, and regulators are increasingly applying more pressure on the industry. We think our long-term thinking and emphasis on both “fin” and “tech” has been imperative to execute precisely above the chaos, close major partnerships, and onboard new customers. To be concrete, here are some examples:

[Matt Rouif @matthieurouif]

We are THRILLED to announce a major milestone today: our Series B, raising $43M with Balderton and Aglae

We also announce 6 new GenAI features in Photoroom. More importantly, these features are powered by Photoroom's foundation model, the best model for commerce photography.📸✨

[Jeff Weinstein 🇺🇸 @Jeffreyw5000]

Pretty cool to see that we @FJLabs were the #1 most active investor at early-stage and #3 most active late-stage in the world last year.

I think the 2023 vintage will be a great one and it was a concious decision on our part to try to lean in and be counter-cyclical.

[Jenny Gyllander @gyllanderjenny]

New year, new feature 🚨

2023 was a big year. We launched a B2B product, it failed, we pivoted, and now we are here: Say hello to “Try New Things” - a program dedicated to limited-time offers available in-store and online.

[FJ Labs @FjLabs]

SaaS-Enabled Marketplace model: how to succeed? Luke & Lauren reveal the “Reliance Network Effect”.
https://t.co/wRqKt66i78

[FJ Labs @FjLabs]

How to build a successful SaaS-Enabled Marketplace? Learn from OpenTable ($2.6B) and our portfolio companies. Read our playbook here:
https://t.co/Os2rGCBXAZ

[FJ Labs @FjLabs]

refurbed closes $57 Million Series C Investment Round to accelerate growth of refurbishment industry

https://t.co/UHPsgKs17k

[CoinDesk @CoinDesk]

.@llama has raised $6 million in seed funding from Founders Fund and Electric Capital with Sandeep Nailwal, co-founder of Polygon, and Stani Kulechov, founder of Aave, among the investors. By @JamieCrawleyCD

https://t.co/vlt0r5Ofqa