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The Social Leverage Letter | Issue #217

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Punchup (Fund IV) had a breakout 2025 marked by major talent additions, exclusive releases, and platform expansion—including acquiring ticketing provider Tixologi and launching a mobile app. The company surpassed 750,000 monthly users, processed major live-event ticketing demand, and closed a $2.3M seed round to fuel continued growth heading into 2026.

Kraken is deepening its partnership with Alpaca (Fund III) to integrate xStocks—its tokenized equities product—directly into Alpaca’s brokerage-as-a-service platform, making Alpaca the preferred custodian for the underlying equities. With over $10B in trading volume since launching in 2025, the move aims to accelerate institutional access to tokenized assets outside the U.S. and strengthen Kraken’s position as it prepares for a 2026 public listing.

FINNY raised a $17M Series A led by Venrock to scale its AI-driven platform that helps financial advisors find and convert clients more efficiently, reducing manual prospecting and improving personalized outreach. The round included participation from Activant, Altruist’s Jason Wenk, Y Combinator, Maple VC, and Crossbeam Ventures (SLAF), which continued its support as an existing investor.

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