Fermat Capital Management, founded in 2001, specializes in alternative fixed income investments by targeting new asset classes that offer attractive risk premiums. The firm typically participates in Series A investment rounds, providing strategic capital to promising ventures.

Notable portfolio companies include Elpha Secure, which has raised $20 million. Fermat Capital Management's investment philosophy centers on identifying unique opportunities in the fixed income space. The firm offers value-added services to its portfolio companies, leveraging its deep expertise in alternative asset classes.