1kx

1kx is a crypto investment firm established in 2018, headquartered in Road Town, British Virgin Islands. The firm focuses on early-stage investments, partnering with innovative protocols, founders, and communities to foster the growth of the crypto ecosystem. By supporting startups in the web3 space, 1kx aims to help them scale their platforms and develop sustainable, community-driven networks.

Lasse Clausen

Partner

Wei Dai Ph.D

Research Partner

Christopher Heymann

Partner

Nichanan Kesonpat

Investment Analyst

Past deals in Ethereum

Inco

Seed Round in 2025
Inco develops a global confidentiality layer for Ethereum and other networks. It enables a wide range of new apps, spanning various verticals such as gaming and gambling, DeFi, including dark pools, private lending, and blind auctions, and enterprise solutions such as confidential stable coins, private RWAs, and private voting.

Tally

Series A in 2025
Tally is a frontend for DAOs running on Ethereum and other EVM blockchains. Tally gives users real power in their decentralized organizations. On Tally, users can delegate voting power, create or pass proposals to spend DAO funds, manage a protocol, and upgrade smart contracts—all onchain.

Layer

Seed Round in 2024
Ethereum is the settlement layer, build full stack decentralized apps on top with Web Assembly and the EVM.

Celestia

Series B in 2024
Celestia is a provider of modular blockchain networks based in Vaduz, Liechtenstein. Founded in 2019, the company specializes in deploying decentralized blockchains without the need for extensive initial setup. Celestia's platform serves as a scalable data availability layer for decentralized applications and sidechains with minimal trust requirements. This allows developers to efficiently store and manage blockchain data collectively, optimizing performance for various applications.

Blockscout

Seed Round in 2024
Blockscout is an open-source blockchain explorer specifically designed for Ethereum Virtual Machine (EVM) chains. It enables users to search transactions, view accounts and balances, and verify smart contracts across various networks, including forks and side chains. By providing a comprehensive toolbox for accessing transaction information, Blockscout enhances transparency and decentralization within the blockchain ecosystem. Projects can download and implement Blockscout to facilitate exploration of their specific chains, making it easier for users to verify transactions, balances, block confirmations, and other important records. Through its platform, Blockscout contributes to the independent verification of information in the blockchain market.

Botto

Seed Round in 2024
Botto is a decentralized platform that operates as an autonomous artist governed by its community. It focuses on generating art through community feedback, allowing members to participate in the creative process. The platform utilizes a series of contracts that ensure transparency and security, having undergone auditing to guarantee reliability. These contracts facilitate standardized functions related to tokens, transfers, bank approvals, and Ethereum transactions. Users can view various art pieces and vote on their favorites, fostering a collaborative environment where community preferences shape the artistic output.

BuildBear Labs

Seed Round in 2024
BuildBear Labs is a platform focused on providing development tools for Web3, specifically aimed at creating a robust ecosystem for developers of decentralized applications. The company offers testing environments that closely replicate live deployment scenarios, allowing developers to experiment with, analyze, and refine their smart contracts. By simulating real-world conditions, BuildBear ensures that smart contracts will function as intended when launched on actual blockchain networks. The platform addresses common challenges in Web3 application development by promoting a culture of continuous integration and delivery, which enhances product quality, facilitates quicker bug detection, and accelerates release cycles. BuildBear's infrastructure is compatible with various Ethereum-based chains, enabling users to customize testing parameters to suit their development needs. Ultimately, BuildBear Labs is dedicated to advancing the adoption of decentralized applications by streamlining the development process and addressing the complexities inherent in Web3 technology.

Rhinestone

Pre Seed Round in 2023
Rhinestone is a technology company developing a modular smart account infrastructure to enhance interoperability, security, and functionality in digital wallets. Its platform enables secure, permissionless innovation by providing tools for developers to create, distribute, and monetize self-contained modules, thereby advancing features for end users and decentralized application (dapp) developers.

Pudgy Penguins

Seed Round in 2023
Pudgy Penguins is a Web3-based brand that specializes in creating content, goods, toys, and digital collectibles centered around a collection of unique penguin characters. Each character is designed with over 150 hand-drawn traits, resulting in a diverse array of digital art and collectibles that engage customers creatively. The brand focuses on fostering community and positivity, offering a variety of merchandise and interactive experiences that encourage customer connection and self-expression. Additionally, Pudgy Penguins supports causes that align with its values, promoting a sense of belonging and positive change within its community.

Safe

Venture Round in 2022
Safe is a leading provider of digital asset storage solutions, specializing in Ethereum-based multi-signature smart contract wallets. As a spin-out from Gnosis, a decentralized infrastructure provider, Safe offers a secure and programmable account abstraction platform, serving as the account abstraction leader on Ethereum and the EVM. Its flagship product, Gnosis Safe, enables secure and transparent management of digital assets, fostering collaboration and tracking within the decentralized ecosystem.

Safe

Initial Coin Offering in 2022
Safe is a leading provider of digital asset storage solutions, specializing in Ethereum-based multi-signature smart contract wallets. As a spin-out from Gnosis, a decentralized infrastructure provider, Safe offers a secure and programmable account abstraction platform, serving as the account abstraction leader on Ethereum and the EVM. Its flagship product, Gnosis Safe, enables secure and transparent management of digital assets, fostering collaboration and tracking within the decentralized ecosystem.

Safe

Series A in 2022
Safe is a leading provider of digital asset storage solutions, specializing in Ethereum-based multi-signature smart contract wallets. As a spin-out from Gnosis, a decentralized infrastructure provider, Safe offers a secure and programmable account abstraction platform, serving as the account abstraction leader on Ethereum and the EVM. Its flagship product, Gnosis Safe, enables secure and transparent management of digital assets, fostering collaboration and tracking within the decentralized ecosystem.

Galleon DAO

Seed Round in 2022
Galleon DAO is a guild of experienced methodologists aiming to research, design, and create best-in-class thematic, leverage, and yield-based structured products on-chain across all EVM-based networks.

Visor Finance

Seed Round in 2021
Visor Finance operates a decentralized platform that focuses on active liquidity management within the decentralized finance sector. Its platform enables users to leverage smart vaults for liquidity mining and asset management across various decentralized finance protocols and exchanges. By facilitating the implementation of strategies for reinvesting fees and distributing protocol revenue, Visor Finance aims to help users maximize their returns while minimizing the risks associated with impermanent loss. This innovative approach positions Visor Finance as a key player in enhancing user engagement and profitability in the rapidly evolving DeFi landscape.

RedStone

Pre Seed Round in 2021
RedStone is a next-generation cross-chain data oracle that specializes in providing pricing data for financial protocols. The company develops modular oracles that deliver data feeds compatible with both layer 1 and layer 2 blockchains, including rollups-as-a-service (RaaS) solutions. RedStone's offerings include liquid staking tokens and liquid restaking tokens, as well as an online decentralized finance platform designed to utilize blockchain's permanent storage capabilities. This platform supports cross-chain data services while ensuring an audit trail, which enhances transparency and reliability. Additionally, RedStone enables decentralized finance providers to implement automatic dispute mechanisms, bolstered by insurance through staking, thereby facilitating more secure and efficient transactions.

Connext

Seed Round in 2021
Connext, Inc. is a technology company based in San Francisco, California, founded in 2017 by Arjun Bhuptani, Layne Haber, and Rahul Sethuram. The company specializes in developing software that facilitates the purchase and management of blockchain applications. It offers features such as direct card purchases for tokens, access to existing vaults, decentralized compliance, and walletless signature capabilities. Additionally, Connext operates as an interoperability protocol, enabling fast and trustless communication between different blockchains. This innovation supports the creation of a more interconnected blockchain ecosystem.

Tally

Venture Round in 2021
Tally is a frontend for DAOs running on Ethereum and other EVM blockchains. Tally gives users real power in their decentralized organizations. On Tally, users can delegate voting power, create or pass proposals to spend DAO funds, manage a protocol, and upgrade smart contracts—all onchain.

SIREN

Seed Round in 2021
SIREN is a distributed protocol creating a decentralized blockchain exchange for options trading on Ethereum. The company is focused on creating a high-quality, seamless experience for sophisticated users and requires no third-party settling mechanism or order matching to complete option settlement on-chain. It allows for both buyers and sellers to mint, buy, and trade in and out of options positions at any time. SIREN was founded in 2020 and is based in San Francisco, CA.

Nexus Mutual

Venture Round in 2021
Nexus Mutual Limited is a London-based company that operates a decentralized insurance platform utilizing blockchain technology, specifically the Ethereum public blockchain. Founded in 2017, it offers a novel alternative to traditional insurance by enabling users to become members and collectively share insurance risks without the involvement of conventional insurance companies. Members can purchase coverage, and their decisions are governed by smart contracts, which ensure transparency and enforceability. Initially, Nexus Mutual launched with a product focusing on earthquake coverage, allowing participants to manage and mitigate risks collaboratively. The platform aims to recreate traditional mutual insurance models on a broader scale, providing an innovative approach to risk management in the insurance industry.

Verto

Pre Seed Round in 2021
Verto is a decentralized network that allows individuals to create and host their own trading posts for exchanging tokenized assets. Built on a blockweave infrastructure, Verto provides an open platform where developers can earn incentives through a unique mechanism that generates micro-dividends as long as their applications are active. This structure empowers users to select their preferred trading posts and facilitates the efficient trading of tokenized securities, promoting a more accessible and flexible exchange environment.

Covalent

Venture Round in 2020
Covalent is the leading modular data infrastructure layer dedicated to solving major challenges in blockchain and AI, including verifiability, decentralized AI inference, and Long-Term Data Availability. Its large reservoir of structured, verifiable data enhances decentralized training and inference, reducing the risk of manipulated or biased AI models. Additionally, the Covalent Network's Ethereum Wayback Machine ensures secure, decentralized access to Ethereum’s transaction data. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and more with unfettered access to on-chain data from over 225 blockchains. Learn about the EWM: Technical | Non-Technical For more information, check out Covalent’s: Official Website | Twitter/X | Linktree

Liquity

Seed Round in 2020
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.

Opyn

Seed Round in 2020
Opyn is a decentralized protocol that facilitates options trading on Ethereum and ERC20 tokens. It allows users to earn premiums or express views on assets through the trading of options, specifically offering European, cash-settled options that automatically exercise upon expiry. Opyn's options, known as oTokens, are ERC20 tokens that can be traded on any decentralized exchange adhering to the ERC20 standard. The platform initially launched with Opyn v1, which established the first live ERC20 options protocol, enabling users to create, buy, and sell options for any ERC20 token. Opyn v1 continues to operate on the Ethereum network, providing a venue for American, physically settled options, while ongoing developments aim to expand the range of ERC20 options available. By optimizing capital efficiency and promoting inclusive trading practices, Opyn enhances the overall experience for the trading community.

Eco

Seed Round in 2020
Eco is a financial technology company that focuses on enhancing the value of money through innovative software solutions. As a founding contributor to the Eco Protocol, it aims to reshape traditional banking and reward systems. The company has developed Bend, a platform that seeks to improve users' financial experiences by maximizing the utility and effectiveness of their money. Eco's mission centers on empowering individuals to expect more from their financial transactions, ultimately striving to redefine the relationship between people and their money.

Flexa

Initial Coin Offering in 2019
Flexa is a developer of a payment application that facilitates point-of-sale transactions using various cryptocurrencies, including bitcoin, ether, bitcoin cash, and litecoin. The application allows consumers to make purchases through a unique flex code, enabling a secure and fraud-proof payment experience without the need for liquid cash. In addition to its payment services, Flexa emphasizes consumer data privacy, offering users the ability to share personal information selectively and audit their data sharing at any time. This level of control supports dynamic loyalty and marketing initiatives, ensuring that customers remain central to the transaction process while minimizing transaction times. Overall, Flexa aims to enhance the retail payment experience by integrating cryptocurrency into everyday transactions.
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