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Key people at Department of XYZ.
The Department of XYZ is a venture capital firm investing in early-stage companies building new financial systems. It provides capital alongside specialized regulatory expertise, leveraging seasoned professionals to navigate complex compliance environments. This empowers founders to develop innovative, compliant solutions, aiming to responsibly redefine the financial sector.
Matt Homer founded The Department of XYZ in 2023, driven by his insight into the critical role of regulatory understanding for emerging financial technologies. As a former Department of Financial Services regulator, Homer observed hurdles innovative ventures face. He established the firm to offer essential guidance, complementing investment for early-stage companies.
The firm targets early-stage entrepreneurs creating transformative financial solutions, particularly in regulated domains. The Department of XYZ envisions an ecosystem where groundbreaking financial technologies flourish responsibly. Its mission enables innovation within compliant frameworks, contributing to a stable, thoughtfully regulated global financial future.
Department of XYZ has 2 tracked investments across 2 companies. The latest tracked deal is $4.0M Other Equity in SQUID in February 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2024 | SQUID | $4.0M Other Equity | Olaf Carlson WEE | Binary Builders, Breed VC, Chapter ONE, Chorus ONE, Distributed Global, Fabric Ventures, Maelstrom, Node Capital, Nomad Capital, North Island Ventures, Typhon Ventures |
| Nov 1, 2023 | Superstate | $14.0M Series A | CoinFund, Distributed Global | Outrun Ventures, Torch Capital, Arrington Capital, Breyer Capital, CMT Digital, Folius Ventures, Galaxy Digital, Hack VC, Modular Capital, Nascent, Road Capital |
Key people at Department of XYZ.
