TVL Capital has raised $5 million in a round led by Framework Ventures, with Flow Traders participating. The Swiss company is building infrastructure to bring structured financial products onto blockchain networks. Evertrace spotted a stealth signal for co-founder Andrew Peel 218 days earlier.
Before the round
| Evertrace detected the signal | 3 November 2025 |
|---|---|
| Funding announced | 9 June 2026 |
| Time before the announcement | 218 days |
Evertrace first spotted founder Andrew Peel in November 2025, when we detected a stealth signal indicating he was working on something new.
We flagged it as a stealth signal, 218 days before TVL Capital's funding announcement on 9 June 2026. A later signal of company formation in February connected Peel to TVL Capital by name.
His previous role as Morgan Stanley's Head of Digital Asset Markets gave investors useful context for the move.
What they're building
TVL Capital develops Chain-Traded Products: structured financial products that can be issued and managed onchain. The aim is to connect traditional investment products with blockchain infrastructure.
Peel founded the company alongside Penny Tunbridge and Lars Hoffmann, bringing together experience from Morgan Stanley, UBS and The Block.
The round
The funding will support engineering and business development and accelerate the launch of TVL Capital's products. Framework Ventures led the round, joined by Flow Traders and other strategic investors.
Read the funding announcement →
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