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Digest: news Destinus, Oxygen, Drip Capital, Animoca Brands

News from portfolio companies of Element GTPP fund managed by Raison Asset Management.

Destinus this year will begin testing the first components (turbine, compressor, etc.) of a hydrogen turbojet engine for its hyperaircraft. The company announced this on its LinkedIn.

The company recently presented the engine project at the International Astronautical Congress in Paris. The first test flight of the Destinus supersonic prototype is scheduled for the second half of 2023.


Oxygen has improved its credit scoring system in partnership with TransUnion (the leading credit bureau in the US). Now the client’s credit score has become more comprehensive and is updated weekly. The monthly revenue of Oxygen in August showed a growth of 2.2 times y/y.

Funding round news: Roadshow stage is completed, and the company is negotiating deal terms with potential investors.

 drip capital

Drip Capital has integrated online client onboarding in real-time. Now businesses that apply for trade finance for the first time will be able to complete identity verification, KYC, and AML procedures faster.

Over the past year (from Q2 2021 to Q2 2022), Drip Capital’s revenue increased by 95%.

animoca brands

Animoca Brands is expanding its audience in Japan through a partnership with local company Coincheck. Animoca NFTs will be traded on its marketplace. Coincheck is also creating a virtual city called Oasis Tokyo in the metaverse of Sandbox (a subsidiary of Animoca Brands).

Another Animoca news: the company has hired several key top managers, incl. a new CFO.

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