J
John White
Founder & Chief Investment Officer
All funds
crypto
fintech
Analyst signals
Portfolio activity and matriculation
Metrics use all recorded activity through 21 Jul 2026 across seed. Later-round outcomes are capped at the period end.
100%companies with a later round · 2/2
1.14×median round-size step-up · n=2
Not availablemedian valuation step-up · n=0
50%recorded-solo rate · 1 solo / 1 syndicated
Service Provider · 2 companies
These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.
People
Team
M
Michela Ferrulli
Co-Founder & Head of Distribution
Portfolio
Investments
Full financing histories for portfolio companies. Highlighted rounds are those where Calibrate Management is recorded as an investor.
Applied Blockchain Ltd
Service Provider
Applied Blockchain is a blockchain technology company that advises, designs, and builds solutions for startups and global enterprises. Its services span blockchain, advanced cryptography, secure enclaves, data privacy, tokenisation, digital assets, payments, and supply-chain applications.
Cygnetise Limited
Service Provider
Cygnetise Limited provides a digital application for authorised signatory, bank mandate, and authorised trader-list management. It serves global enterprises, corporate treasury teams, company secretaries, banks, counterparties, and financial compliance teams.