February 28, 2026·Investment Thesis
Why We Believe Enterprise AI Is Still in Its First Inning
Despite the hype cycle, we see enterprise AI adoption at less than 5% of its potential.
Enterprise AI adoption is still in its earliest phase. While consumer-facing AI has captured headlines, the real enterprise transformation is just beginning. We are focused on infrastructure, vertical applications, and tooling that will define the next wave.
February 15, 2026·Market Analysis
The State of Fintech in 2026: Infrastructure Wins
Consumer fintech is maturing, but the infrastructure layer is just heating up.
After a decade of consumer fintech innovation, the value is shifting to the infrastructure layer. Banking-as-a-service, payments orchestration, and compliance automation are the categories capturing the most value today.
February 5, 2026·Firm News
MMRE Closes Fund III at $120M
We're thrilled to announce the close of Fund III, our largest fund to date.
We are excited to announce the close of MMRE Fund III at $120M. The fund will continue our focus on AI, deep tech, climate, and developer infrastructure. Thank you to our LPs for their continued trust.
January 20, 2026·Investment Thesis
Climate Tech's Trillion-Dollar Decade
Regulation, technology, and consumer demand are converging.
Climate tech is entering a trillion-dollar decade. Policy tailwinds, falling technology costs, and corporate net-zero commitments are converging to create generational investment opportunities.
January 8, 2026·Market Analysis
What We Learned From 40 Portfolio Reviews in 2025
Every year we deep-dive our entire portfolio. These are the five patterns that separated the outperformers from the rest.
We completed 40 portfolio reviews in 2025. The clearest pattern among outperformers was discipline around capital efficiency and a relentless focus on product-market fit before scaling.
December 18, 2025·Firm News
NexaFlow Raises $45M Series B Led by MMRE
Our portfolio company NexaFlow closed a landmark Series B to accelerate their AI workflow platform.
NexaFlow, an AI workflow platform in our portfolio, has raised a $45M Series B led by MMRE. The capital will accelerate enterprise go-to-market and platform expansion.
December 2, 2025·Investment Thesis
The Developer Tools Renaissance
AI-native dev tools are creating a step-change in productivity.
Developer tools are experiencing a renaissance. AI-native workflows, agents, and infrastructure are reshaping how software is built and who can build it.