QIS Risk Acquired by CoinRoutes

We’re delighted to announce another profitable exit from the Haatch portfolio. QIS Risk has been acquired by CoinRoutes, marking our fifth exit of 2025 and our third from SEIS-backed businesses this year.

This transaction represents yet another example of the Haatch model at work: backing founders early, helping them scale capital-efficiently, and delivering tangible, realised outcomes for our investors.

QIS Risk/CoinRoutes

QIS Risk provides institutional-grade portfolio and risk analytics for digital assets, helping asset managers and funds monitor exposure, P&L and performance across exchanges in real time.

Now, as part of CoinRoutes, a leading digital-asset trading platform, QIS Risk’s technology will enhance CoinRoutes’ institutional suite, combining execution, analytics and portfolio management under one roof.

Ian Weisberger, Co-founder and CEO of CoinRoutes said: “QIS Risk has built a best-in-class risk analytics platform that institutional investors depend on for critical decision-making. This acquisition allows us to amplify everything that made QIS Risk valuable while integrating it with our execution technology to deliver a complete solution. CoinRoutes’ smart order routing combined with QIS Risk’s analytics creates an unmatched offering for institutional investors.”

Why This Exit Matters

This exit reinforces several key themes at the heart of Haatch’s strategy and track record:

1. Consistent Realisations

2025 has already seen five exits across our SEIS and EIS portfolios, converting paper gains into realised returns for our investors. Importantly, three of those exits originated from SEIS investments, the earliest, highest-risk stage of our funding model, demonstrating the power of our hands-on support and disciplined approach to scaling early-stage businesses.

2. Validation of Our Model

Our strategy is deliberately focused on B2B software and tech-enabled businesses that are capital-efficient, revenue-driven and operationally disciplined. Each of our exits this year , including QIS Risk, shows how that thesis compounds value: from pre-seed to profit to acquisition, without dependency on excessive capital or hype cycles.

3. Liquidity for Investors

In a market where realisations remain rare, the ability to deliver liquidity matters. Every profitable exit enhances overall fund performance, supports reinvestment into the next generation of founders, and validates Haatch’s approach of being a “capital recycler”, continuously turning early-stage conviction into measurable outcomes.

4. Momentum Across the Portfolio

Alongside a strong pipeline of upcoming follow-on rounds and growth-stage opportunities, these exits demonstrate a healthy balance across the Haatch portfolio, a mix of early-stage growth and maturing businesses reaching realisation. It also underlines the strength of our partnership network, with strategic acquirers recognising the quality of the teams and technologies we back.

Looking Ahead

As we continue to deploy into new SEIS and EIS funds, our focus remains clear:

• Backing the next wave of exceptional founders solving real problems in large markets;
• Supporting them actively through operational expertise, networks and data-driven growth;
• Delivering consistent outcomes that turn early conviction into real returns.

Five exits in one year, three from SEIS, is more than a milestone. It’s proof that disciplined early-stage investing works. 

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