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Portfolio Company · Allegis Capital X

Pylon Lending

Lending infrastructure — embedded mortgage and consumer-lending APIs for banks and fintechs.

Valuation As OfQ1 2026 · Mar 31, 2026
Initial Investment2024-03
Stage / SectorSeries A · Fintech Infrastructure
Allegis Invested Cost
$18.4M
Across Allegis vehicles
Current Fair Value
$44.2M
Q1 2026 mark
Gross MOIC
2.40x
Fair value ÷ cost
Ownership
20.1%
Fully diluted

Fair Value Mark History

Enterprise Value Progression ($M)
As OfEVCostFair ValueMOIC
Mar 2024$51.0M$7.0M$7.0M1.00x
Dec 2024$51.0M$7.0M$7.0M1.00x
Sep 2025$110.0M$7.0M$15.4M2.20x
Dec 2025$125.0M$17.0M$25.4M1.49x
Mar 2026$200.0M$18.4M$44.2M2.40x

Operating Metrics

GAAP Revenue ($M) — investment-date LTM through current-year estimate
MetricInv LTM20192020202120222023202420252026ELTMNTM
GAAP Revenue ($M)20.020.0
EBITDA ($M)
Cash ($M)
Debt ($M)
ARR ($M)
Investment-date LTM and current-year (E) revenue shown in green. Figures per Allegis valuation workpapers; unaudited.

Financing Rounds

RoundDateInvestedPost-Money EVFully Diluted Shares
Series Seed Preferred$6.1M$20.9M
Series A PreferredMar 2024$10.6M$51.0M15,091,143
Series A-2 PreferredNov 2025$15.0M$125.0M17,149,020
Total Invested$31.7M
Company-level priced rounds and convertibles. Allegis holds a minority preferred position; see ownership above.