Akuna Capital

Akuna Capital is a proprietary trading firm based in Chicago, Illinois, founded in 2011. The firm specializes in derivatives market-making and employs sophisticated modeling techniques to enhance its trading strategies. With a strong emphasis on quantitative analysis, Akuna Capital focuses on leveraging cutting-edge technology to optimize its trading processes. The firm is known for its innovative approach to the financial markets, combining expertise in both quantitative methods and technology to achieve its trading objectives.

Fong Wa Chung

Partner and Head of Venture Capital

Andrew Killion

Co-Founding Partner and CEO

Mitchell Skinner

Co-Founding Partner

8 past transactions

Deribit

Venture Round in 2022
Deribit B.V. is a cryptocurrency derivatives exchange established in 2016 and headquartered in Ermelo, the Netherlands. The platform specializes in trading Bitcoin and Ethereum futures and options, offering advanced functionalities such as multi-instrument block trading, market maker protection, and portfolio margining. Deribit is recognized for its high-performance architecture, which provides low latency and robust matching engine capacity, making it a preferred choice for algorithmic and high-frequency traders. The company has distinguished itself as a pioneer in the industry by launching European-style cash-settled options and remains a market leader in crypto options trading, consistently setting benchmarks for efficiency and fairness in the marketplace.

Deribit

Secondary Market in 2022
Deribit B.V. is a cryptocurrency derivatives exchange established in 2016 and headquartered in Ermelo, the Netherlands. The platform specializes in trading Bitcoin and Ethereum futures and options, offering advanced functionalities such as multi-instrument block trading, market maker protection, and portfolio margining. Deribit is recognized for its high-performance architecture, which provides low latency and robust matching engine capacity, making it a preferred choice for algorithmic and high-frequency traders. The company has distinguished itself as a pioneer in the industry by launching European-style cash-settled options and remains a market leader in crypto options trading, consistently setting benchmarks for efficiency and fairness in the marketplace.

Zoomo

Series B in 2022
Zoomo is a provider of electric bikes designed specifically for gig workers in the food delivery industry, offering subscription models for ease of access. The company's range of light electric vehicles includes e-Bikes, e-Mopeds, and e-Cargo options, equipped with features such as electronic locks, GPS tracking, inbuilt alarm systems, integrated lights, fast charging, rear racks, and suspensions. These innovations provide riders with sustainable and efficient micro-mobility solutions tailored for on-demand delivery services. Zoomo aims to expand its offerings to include new categories such as parcel, mail, and grocery deliveries, as well as models that cater to individual consumers.

Options AI

Venture Round in 2021
Options AI is a brokerage platform designed to simplify trading for retail investors by offering easy access to stocks, options, and spreads from a single interface. The platform allows users to set informed price targets and quickly identify suitable trades without the need for extensive manuals. It aims to enhance trading strategies and improve risk and trade management, making options spread trading more accessible and straightforward. Through its innovative approach, Options AI empowers traders to make informed decisions and navigate the complexities of the market with greater confidence.

Till Payments

Series C in 2021
Till Payments, founded in 2012, specializes in providing electronic payment solutions that assist technology vendors and their customers in optimizing payment acceptance and operational efficiency. The company offers a comprehensive platform that facilitates seamless customer interactions across various technologies and financial partners, allowing clients to accept payments through multiple channels. Till Payments is particularly recognized for its focus on delivering user-friendly payment experiences and valuable insights to sectors such as parking, transit, specialty retail, and hospitality. With connections to over 300 financial institutions worldwide, Till Payments is positioned as a leader in multi-step payment journeys and revenue assurance solutions, ensuring secure and effective transactions for its clientele.

BlockFi

Series A in 2019
BlockFi, Inc. is a New York-based financial services company that specializes in providing wealth management products for cryptocurrency investors. Founded in 2017, it offers interest-bearing accounts that allow clients to earn yields on their Bitcoin, Ether, and Gemini Dollar holdings. The company also facilitates secured loans in USD, where clients can collateralize their loans with cryptocurrency assets. Additionally, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and customizable lending options for institutions. By leveraging a sophisticated infrastructure that integrates with multiple blockchains, BlockFi aims to enhance liquidity and efficiency in digital financial markets, catering to the needs of both individual and institutional clients.

BlockFi

Convertible Note in 2018
BlockFi, Inc. is a New York-based financial services company that specializes in providing wealth management products for cryptocurrency investors. Founded in 2017, it offers interest-bearing accounts that allow clients to earn yields on their Bitcoin, Ether, and Gemini Dollar holdings. The company also facilitates secured loans in USD, where clients can collateralize their loans with cryptocurrency assets. Additionally, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and customizable lending options for institutions. By leveraging a sophisticated infrastructure that integrates with multiple blockchains, BlockFi aims to enhance liquidity and efficiency in digital financial markets, catering to the needs of both individual and institutional clients.

FRST

Seed Round in 2018
FRST specializes in blockchain data and monitoring technology tailored for professional cryptocurrency traders. Founded in 2017 and based in Chicago, the company offers an advanced technology suite that enables traders to perceive, categorize, and act on digital asset transactions. Its platform provides unique datasets and professional-grade tools, allowing users to test trading strategies, estimate returns, and set alerts for fluctuations in cryptocurrency values. By identifying token trades before they are transferred to external parties or exchanges, FRST equips digital asset exchanges, hedge funds, compliance and KYC functions, as well as academic and government research initiatives, with critical insights necessary for informed trading decisions.
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