Floating Point

Altana is pleased to share that we have been named to Fast Company's Most Innovative Companies of 2026. “Altana is building the AI-powered network for trusted trade — one where visibility, traceability and verified compliance aren't just competitive advantages, but requirements,” said Evan Smith, CEO and Co-Founder at Altana. “We are grateful for the recognition from Fast Company and the continued partnership of governments, logistics providers, and enterprises working with us to build the future of global trade.” Read more about our win: https://lnkd.in/eh8sZWrU

Our portfolio company Juno has been named to Fast Company's Most Innovative Companies list! Nearly 9 in 10 families with a severely ill or disabled child face financial hardship. Juno is a first-of-its-kind child disability insurer that helps serve them. In its first year, Juno surpassed 50,000 covered members across nearly 100 employers. Congrats to Jordan and the entire Juno team!

Excited to be part of the round. Go Adrian and Felix!

Bloomberg recently highlighted an Altana analysis demonstrating that beyond the headlines about oil, disruption in the Strait of Hormuz is wreaking havoc on the multi-tier network that feeds Gulf nations and allows for vital exports to the rest of the world. Gulf nations import around 90% of the food they consume — tens of billions of dollars of annual trade — and almost all of it moves through the same narrow maritime chokepoint. Beneath this headline figure are complex product value chains for food imports and exports that are engineered around the assumption that the Strait of Hormuz stays open. Understanding these hidden value-chain dependencies is critical for governments and businesses to build resilience and navigate geopolitical volatility. Read more: https://lnkd.in/egD6AW3p

Our Co-founder and GP, John Loser, recently spoke with FreightWaves about the impact of AI in freight and what it means for startups in this space. The piece features two Floating Point portfolio companies: Nevoya, which is rethinking the economics of electric trucking, and Catena Clearing, which is building a data infrastructure layer for trucking telematics. Read more: https://lnkd.in/gnffNqFn

Today we’re excited to share that Coral has raised $7.5M to make energy-efficient upgrades affordable for every building owner in America. We’ve always believed the biggest blocker to electrification was something fundamental - affordability. Energy-efficient upgrades like heat pumps are clearly the future and significantly reduce energy costs. But the median US household has $8K in total savings, and expecting the average homeowner to pay thousands more upfront for future energy savings just isn’t realistic. At Coral we’re reimagining how we pay for these upgrades – changing the math for building owners, installers, and incentive providers. We’ve started with an instant rebate platform that has already helped leading installers sell almost 4,000 heat pumps through Coral. This funding will help us expand nationwide, support a broader set of upgrades like water heaters and batteries, and launch new financing products that reduce the energy burden for building owners. Nizar Dhamani and I are thrilled to partner with a world-class group of fintech and energy investors to help us achieve this vision including ResilienceVC, Twelve Below, Floating Point, Accion Ventures, Blackhorn Ventures, Remarkable Ventures, New Climate Ventures and Watsco Ventures. We’re also so grateful for our founding team Colin O'Rourke, Jack Clayton, Dan Schaub, Julia Michel, Shimmy Cohen, and Nadia Marcus for always being there for our customers and partners, building an amazing product, and being incredible teammates and people. It’s such a joy to get to build Coral together with you every day! This is just the beginning, and we’re hiring across the team to scale Coral and make electrification accessible for all. Links to our careers page, blog announcement, and Axios coverage are in the comments. We’re grateful for this milestone and can’t wait for everything to come!

New in Fortune's Eye on AI newsletter: Jeremy Kahn features our work helping business navigate the post-IEEPA landscape. Even with IEEPA struck down, "the effective rates may not actually fall much and the complexity will almost certainly get worse,” our CEO and Co-Founder Evan Smith tells Fortune. “As duties move toward components and sub-components, exposure sits deeper in the supply chain and most companies don’t actually know what’s in their Tier 2 and Tier 3 inputs." The write-up includes details about the surge in demand for Altana, including a spike in use of our tariff calculator, which models the impact of changing rules across extended product value chains. ➡️ See our tariff calculator for yourself: https://lnkd.in/emNRtcET

New in Inc. Magazine: We’ve been named a company to watch in 2026. Jennifer Conrad and the team at Inc. pored over notes, called investors, and reviewed government contracts. Their takeaway: "Despite talk of a bubble, AI companies solving a real problem for companies still show promise." The write-up of Altana described our AI-powered product network as having been "prescient." Companies are navigating complex tariffs and stiffening trade compliance rules, regulators are balancing stronger enforcement with the need to promote economic growth, and everyone wants to build a more resilient and secure global economy while keeping trusted trade flowing. ➡️ Read the full write-up: https://lnkd.in/eN23ZuBX