ParaFi Capital

ParaFi Capital is an alternative investment firm based in San Francisco, California, specializing in the fintech and blockchain sectors. The firm employs a private equity approach to manage its investments, focusing on companies that are innovating within these rapidly evolving industries. In addition to its investment strategies, ParaFi Capital oversees the ParaFi Venture Fund II, which is located in Greenwich, Connecticut. Through its targeted investments, ParaFi Capital aims to capitalize on the growth and potential of the fintech and blockchain ecosystems.

Adrian Uberto

COO and Partner

90 past transactions

Elementus

Series A in 2023
Elementus Inc. is a New York-based company that provides an enterprise blockchain data analytics platform tailored for institutional asset managers, financial service organizations, and government agencies. Founded in 2018, the company leverages blockchain's inherent transparency to deliver actionable insights drawn from blockchain activity. Elementus identifies security vulnerabilities, exposes malicious actors, and offers market intelligence to facilitate informed investment decisions in digital assets. By enhancing transparency in the blockchain ecosystem, Elementus aims to foster trust and accountability across the cryptocurrency markets.

Aptos

Series A in 2022
Aptos is a web3 startup founded in 2021 and based in Palo Alto, California, focused on creating a scalable Layer 1 blockchain. This blockchain network aims to provide developers with a reliable and universal infrastructure for building decentralized applications. By utilizing a safe programming language, Aptos facilitates the design of scalable and future-proof applications, ensuring that developers can access decentralized assets effectively. The team at Aptos comprises skilled engineers, researchers, strategists, designers, and constructors, all working together to advance the capabilities of blockchain technology.

Gnosis

Venture Round in 2022
Gnosis offers a decentralized platform for prediction markets, leveraging Ethereum's blockchain technology to facilitate advanced smart contracts. This infrastructure aims to eliminate intermediaries and counterparty risks, supporting a vision of a redistributed future. Gnosis enables the creation of customized forecasting applications that produce conditional tokens, making event outcomes tradable and serving as a valuable tool for information discovery. By prioritizing credible neutrality and resiliency, Gnosis provides a transparent environment for clients to make informed decisions regarding the development and governance of their projects within the blockchain ecosystem.

Magpie Protocol

Seed Round in 2022
Magpie Protocol is a decentralized liquidity aggregation protocol designed for cross-chain exchange infrastructure. Launched in 2022 and based in Dubai, it facilitates seamless trading of crypto assets by using bridges to communicate swap signals between different blockchains. This approach enhances the user experience by allowing investors to trade and invest in various assets without the need for bridging. Magpie Protocol aims to support early-stage crypto entrepreneurs in launching innovative decentralized finance (DeFi) and infrastructure projects, all while providing a simple, efficient, and secure platform for transactions within the DeFi ecosystem.

ZenLedger

Series B in 2022
ZenLedger, Inc. is a software company that specializes in cryptocurrency tax management, founded in 2017 and headquartered in Bellevue, Washington. The company provides a comprehensive tax tool designed for cryptocurrency investors and accountants, allowing users to easily import their cryptocurrency transactions, calculate gains and income, and prepare tax returns. ZenLedger's platform generates various essential documents, including profit/loss statements, capital gains reports, and income reports, thereby simplifying the tax reporting process for miners, day traders, and long-term holders. It is compatible with a wide range of exchanges, currencies, and wallets, making it a versatile solution for both individual investors and tax professionals. By automating the tax preparation process, ZenLedger aims to alleviate the complexities and challenges associated with cryptocurrency taxation.

Jambo

Series A in 2022
Jambo is building the Web3 super app that will educate, bank and entertain the continent. Jambo aims to pioneer the largest, most influential Web3 user acquisition portal across the continent and serve as the bridge between Africa and applications from around the world seeking to tap into the African market. The opportunity here is immense. We have a long-term vision of realizing financial prosperity for Africans.

Push Protocol

Series A in 2022
Push Protocol, officially known as Ethereum Push Notification Service Private Limited, is a decentralized notification protocol founded in 2020 and based in Allahabad, India. The protocol allows decentralized applications (dApps) and smart contracts to send dynamic and platform-agnostic notifications directly to user wallets. By facilitating communication between various services and user wallets, Push Protocol enables users to receive important alerts and updates while also allowing them to earn from these notifications. The service aims to enhance user engagement by providing a reliable way for crypto services to inform users about relevant activities and events.

bloXroute Labs

Series B in 2022
bloXroute Labs, Inc. offers a blockchain scalability solution that enhances the capacity of cryptocurrencies and blockchains to process thousands of transactions per second without requiring protocol modifications. This solution operates beneath the consensus layer, allowing all nodes to maintain consensus over the blockchain state, regardless of transaction volume. The company's platform leverages a global network of servers optimized for performance through advanced techniques such as compression and encryption. By efficiently propagating transactions and blocks, bloXroute enables increased transaction throughput for various blockchains, making it a versatile and neutral solution for any node. Founded in 2018, bloXroute is based in Evanston, Illinois.

Porter Finance

Seed Round in 2022
Porter Finance is the web’s fastest growing binary options trading platform, offering an unmatched 1500% rate of returns on maximum returns on digital options. With a fast learning curve, user friendly interface and excellent customer support, Porter Finance offers its traders the best online trading experience on the net. The binary options platform offers a wide variety of currencies, stocks, commodities and indices to trade binary options. In total, Porter Finance offers well over 100 different assets for trading options of all types. Offering one of the most comprehensive trading platforms, every investor is sure to find what they are looking for at Porter Finance. The company was formed on the principal that knowledge is power and though knowledge comes success. Launched in 2014, the company prides itself on excellent service and guarantees the best environment for success to their traders passing on their knowledge to traders in order to maximize their trading potential.

NEAR

Private Equity Round in 2022
NEAR Inc. is a company that develops the NEAR Protocol, a scalable blockchain platform designed for creating decentralized applications. Founded in 2017 and headquartered in San Francisco, California, NEAR Protocol supports the development of open-source software and aims to facilitate mainstream adoption of decentralized technologies. The platform offers various services, including documentation, a wallet, a development studio, and an explorer, all built to enhance user experience and development efficiency. It is engineered to handle high-value assets securely while providing the necessary scalability for a wide range of decentralized applications. NEAR's focus on ease of use for both developers and end users distinguishes it in the evolving landscape of blockchain technology.

NEAR

Venture Round in 2022
NEAR Inc. is a company that develops the NEAR Protocol, a scalable blockchain platform designed for creating decentralized applications. Founded in 2017 and headquartered in San Francisco, California, NEAR Protocol supports the development of open-source software and aims to facilitate mainstream adoption of decentralized technologies. The platform offers various services, including documentation, a wallet, a development studio, and an explorer, all built to enhance user experience and development efficiency. It is engineered to handle high-value assets securely while providing the necessary scalability for a wide range of decentralized applications. NEAR's focus on ease of use for both developers and end users distinguishes it in the evolving landscape of blockchain technology.

Burrow

Seed Round in 2022
Burrow is a decentralized platform that operates a non-custodial liquidity pool, enabling users to supply and borrow assets for trading. The platform focuses on unlocking liquidity for interest-bearing assets, particularly layer 1 staking derivatives. By allowing users to supply assets, Burrow facilitates the earning of interest and enables borrowing against those assets to enhance liquidity. Additionally, the platform features a governance token staking program, which encourages user participation and investment in the ecosystem. Overall, Burrow aims to provide a streamlined approach to accessing liquidity in the decentralized finance space.

OXIO

Series B in 2022
OXIO Corp is a technology company that provides a carrier-as-a-service platform aimed at brands and enterprises seeking enhanced mobile data connectivity. Founded in 2018 and headquartered in New York City, with additional offices in Paris and Mexico City, OXIO offers a cloud-based solution that integrates the wireless services of multiple providers. Its platform features a programmable mobile infrastructure that allows clients to unbundle traditional telecom services, enabling them to create a customized wireless experience for their customers. Through its B2B SaaS offering, OXIO delivers actionable intelligence and analytics, empowering organizations in sectors such as finance, government, media, and travel to optimize their connectivity solutions and drive value.

Aptos

Seed Round in 2022
Aptos is a web3 startup founded in 2021 and based in Palo Alto, California, focused on creating a scalable Layer 1 blockchain. This blockchain network aims to provide developers with a reliable and universal infrastructure for building decentralized applications. By utilizing a safe programming language, Aptos facilitates the design of scalable and future-proof applications, ensuring that developers can access decentralized assets effectively. The team at Aptos comprises skilled engineers, researchers, strategists, designers, and constructors, all working together to advance the capabilities of blockchain technology.

Immutable

Series C in 2022
Immutable Pty Ltd, founded in 2018 and based in Sydney, Australia, specializes in developing video games that leverage blockchain technology. The company focuses on creating scalable infrastructure that enhances in-game economies, promoting transparency and enabling player ownership of in-game assets. Immutable provides tools and services that allow players the freedom to trade and build their gaming experiences. Originally known as Fuel Games Pty Ltd, the company emphasizes empowering players by returning control over digital assets to them.

Consensys

Series D in 2022
ConsenSys is a leading blockchain venture production studio focused on building a robust ecosystem of consumer-oriented products and enterprise solutions, primarily utilizing Ethereum technology. The company aims to facilitate the transition to Web 3.0, which it envisions as a foundation for more open, efficient, and accessible economic systems. ConsenSys identifies opportunities for software development and promotes collaboration among various ventures to enhance innovation and idea exchange. By creating platforms, applications, and tools that support Web 3.0, ConsenSys strives to ensure these solutions effectively meet customer needs. The organization also collaborates with blockchain experts and partners to develop open infrastructure, positioning itself at the forefront of technological advancements that have the potential to disrupt various industries.

Aperture

Seed Round in 2022
Aperture is a DeFi cross-chain investment ecosystem. The DeFi investing access site aggregates options through a single, user-friendly interface. The company's solution is simple and scalable, with cross-chain elements and curated tactics.

Folks Finance

Seed Round in 2022
Folks Finance is a leading algorithmic capital markets protocol for lending and borrowing, developed on the Algorand blockchain. It provides users with the ability to earn continuous economic returns by depositing liquidity, while also allowing them to secure crypto loans by using their deposits as collateral. The protocol emphasizes soundness and security through its innovative economic lending model and includes features such as staking of rewards, safety margins for cryptocurrency pairs, and a unique liquidity provision system. Developed by Blockchain Italia, a firm specializing in Algorand, Folks Finance aims to deliver scalable, low-cost, and secure financial tools for digital assets, enabling users to actively participate in Algorand governance.

Animoca Brands

Series C in 2022
Animoca Brands is a digital entertainment company that specializes in leveraging gamification, blockchain, and artificial intelligence technologies to develop and publish a diverse range of mobile products globally. The company is known for its popular games, including The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as titles based on well-known intellectual properties such as Formula 1, Marvel, Garfield, and Doraemon. Additionally, Animoca Brands supports the implementation of Web3.0 strategies for intellectual property holders, providing a platform that enables the creation of non-fungible tokens (NFTs) and fungible tokens. This platform allows IP holders, including brands and artists, to monetize their rights and build fan communities within the blockchain ecosystem. With a strong portfolio of blockchain investments and partnerships, Animoca Brands aims to enhance user experiences and facilitate the trading of digital property rights. The company operates across multiple locations, including Australia, Hong Kong, South Korea, Finland, and Argentina.

Hubble

Venture Round in 2022
Hubble is a decentralized financial protocol that allows for long-term borrowing, lending, and structured products.

Redefine-crypto

Seed Round in 2022
Redefine offers an advanced end-to-end risk assessment and mitigation solution for DeFi investors. It includes an automated due diligence service, real-time portfolio risk monitoring, and active risk mitigation.

Credix

Seed Round in 2021
Credix operates a decentralized credit platform aimed at connecting borrowers in emerging markets with global investors. By leveraging blockchain technology, it facilitates access to capital for high-quality borrowers while offering attractive yields for investors. The platform serves as a credit infrastructure for wholesalers and marketplaces, enabling them to provide diverse credit options through services such as lending, underwriting, and debt collection. This approach allows borrowers to receive immediate payment and generate revenue from merchant and virtual card networks, fostering a more open and efficient lending environment.

Ledn

Series B in 2021
Ledn is a financial services company focused on helping individuals save in digital assets. It offers a range of products, including a bitcoin-backed loan service that allows clients to access cash without selling their bitcoin. Additionally, Ledn provides a B2X product that enables users to instantly double their bitcoin holdings through a loan. The company also features interest-bearing savings accounts for bitcoin and USDC, which pay interest without requiring minimum deposits. By providing these services, Ledn aims to empower clients to grow their digital wealth while maintaining their cryptocurrency holdings.

JellyFi

Seed Round in 2021
Most DeFi applications require institutional borrowers to over-collateralize their loans using crypto as collateral, limiting the wide range of use cases possible with crypto lending. Collateralized loans not only restrict borrowers from using capital how and when they want, but also limit the potential for enhanced return for lenders. JellyFi is a capital-efficient DeFi lending protocol that enables crypto loans without collateral, where institutional borrowers can obtain competitive loan terms, and lenders get access to higher returns while having more granular control over their investment portfolios. Zero-collateral loans are similar to a revolving line of credit where the borrower only has to pay a liquidity fee on unused capital in their own liquidity pool.

Parcl

Seed Round in 2021
Parcl is a digital real estate protocol built on the blockchain. The company's headquarters are in New York City.

Fireblocks

Series E in 2021
Fireblocks Inc. is a New York-based company founded in 2018 that specializes in blockchain-based security services for managing digital assets. The platform provides a secure method for transferring digital assets between exchanges, wallets, custodians, and counterparties, ensuring the safe transmission of these assets in transit. Focused on financial institutions, Fireblocks utilizes patent-pending chip isolation security and model predictive control technology to enhance the protection of digital assets. Additionally, the company has a presence in Tel Aviv, Israel, further supporting its global operations.

Talis

Initial Coin Offering in 2021
Talis is an NFT marketplace that empowers artists and bridges physical and digital art on the Terra and Juno blockchain. With just a few clicks and no code, the company enables users to own portfolios and mint their first NFT. The TALIS token will act as the protocol's official governance token and give users access to the Talis Treasury, fraud detection, and smart contract changes.

MetaSoccer

Seed Round in 2021
MetaSoccer is an earn-to-play online soccer metaverse.

C3 Protocol

Seed Round in 2021
C3 is a decentralized capital market that uses a cross-margin cross-collateralization clearing engine protocol as its backbone.

Gemini

Series A in 2021
Gemini is a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets. The company was founded in 2014, by brothers Cameron and Tyler Winklevoss, to build a bridge to the future of money. Its goal to build a world-class digital asset exchange and custodian based in the United States.

Consensys

Series C in 2021
ConsenSys is a leading blockchain venture production studio focused on building a robust ecosystem of consumer-oriented products and enterprise solutions, primarily utilizing Ethereum technology. The company aims to facilitate the transition to Web 3.0, which it envisions as a foundation for more open, efficient, and accessible economic systems. ConsenSys identifies opportunities for software development and promotes collaboration among various ventures to enhance innovation and idea exchange. By creating platforms, applications, and tools that support Web 3.0, ConsenSys strives to ensure these solutions effectively meet customer needs. The organization also collaborates with blockchain experts and partners to develop open infrastructure, positioning itself at the forefront of technological advancements that have the potential to disrupt various industries.

Spectral

Venture Round in 2021
Developer of an AI-powered platform designed to generate and deploy smart contracts. The company's platform enables developers to create complex smart contracts with ease by using natural language, accelerating development time, and reducing errors.

Beta Finance

Venture Round in 2021
Beta Finance is a decentralized finance protocol that facilitates lending, borrowing, and short-selling of cryptocurrency assets. Designed as a permissionless money market, it seeks to mitigate the inherent volatility of the crypto market and enhance overall market stability. The platform provides a user-friendly, one-click solution, allowing traders without technical expertise to easily manage and update their short positions. It presents all relevant token information directly on the interface, empowering users to make informed decisions in the dynamic crypto landscape.

Manta Network

Venture Round in 2021
Manta Network delivers plug-and-play privacy for the entire DeFi stack.

Manta Network

Seed Round in 2021
Manta Network delivers plug-and-play privacy for the entire DeFi stack.

Jambb

Seed Round in 2021
Jambb is a digital collectibles platform that focuses on the entertainment industry, particularly comedy. It enables entertainers to create, share, sell, or rent their content, merchandise, and performances globally. The platform allows comedians and entertainers to connect with new audiences, generate additional revenue from their work, and participate in open secondary markets. Fans can acquire unique digital assets that capture memorable moments, including favorite jokes, bits, and specials. Jambb aims to foster sustainable and inclusive entertainment while providing a way for both entertainers and fans to engage with and benefit from the comedic arts.

Gelato

Series A in 2021
Gelato Network is an innovative company based in Berlin, Germany, that focuses on automating smart contract executions on the Ethereum blockchain. Founded in 2007, Gelato provides a web cloud platform that allows developers to streamline their on-chain processes, enhancing application reliability and performance. Its audited smart contract protocol eliminates the need for developers to manage underlying server infrastructure, thereby saving significant development time and reducing the potential for single points of failure. The platform supports the creation of augmented smart contracts that are automated, gasless, and compatible with all major EVM-compatible blockchains, making it a valuable tool for developers looking to optimize their applications.

Layer3

Seed Round in 2021
Layer3 is a cryptocurrency platform focused on providing tools for decentralized autonomous organizations (DAOs). It offers an infrastructure that facilitates the expansion of autonomous ecosystems, allowing users to engage with various communities. The platform enhances user experience through interoperable identity solutions and amplified incentives, enabling participants to earn rewards and access multichain liquidity. By streamlining interactions within the blockchain space, Layer3 aims to empower users and foster the growth of decentralized governance models.

Domination Finance

Seed Round in 2021
Domination Finance is a developer of a non-custodial financial instrument for traders. Its platform is an ethereum app built on the UMA protocol that allows users to long or short Bitcoin Dominance and enables trading in the cryptocurrency market.

Chainflip

Seed Round in 2021
Chainflip is a decentralized protocol that facilitates direct cross-chain swaps among various blockchains without requiring a trusted intermediary. The platform is designed to support the seamless exchange of cryptocurrencies, allowing users to conduct anonymous and permissionless transactions. Utilizing robust frameworks, including Rust, Chainflip enables users to move funds across different blockchains and ecosystems without the need for additional software, collateral, or wrapped assets. This approach provides a trustless environment for investors seeking to exchange assets across multiple networks efficiently.

Lyra Finance

Seed Round in 2021
Lyra Finance operates a decentralized platform focused on trading cryptocurrency options and perpetual contracts. Built on Ethereum, Lyra Finance combines traditional options market-making principles with the advantages of the crypto space, such as scalability and composability. The protocol offers unique and programmable on-chain options and structured products, allowing users to buy and sell options that are priced using an innovative market-based, skew-adjusted pricing model. This approach enhances the accuracy of pricing in the options market, catering to the needs of traders in the evolving cryptocurrency landscape.

Thesis

Series A in 2021
Thesis, Inc. is a cryptocurrency venture studio that specializes in developing and funding decentralized products and protocols. Founded in 2014 and based in San Francisco, California, the company aims to bridge the gap between Bitcoin and real-world purchases while facilitating the use of private data on public blockchains. One of its notable developments is the tBTC protocol, which operates on the Keep network. Through its initiatives, Thesis seeks to empower individuals by creating innovative solutions within the cryptocurrency and decentralized technology sectors.

Solrise Finance

Seed Round in 2021
Solrise Finance is a Defi protocol designed to support managed portfolios on the Solana network.

RabbitHole

Seed Round in 2021
Developer of crypto networks designed to earn digital currency using crypto applications. The company provides tokens for doing onchain actions, offers tools to distribute ownership and quests that upon completion offer rewards, enabling users to acquire XP, level up, and earn rewards for interacting with well-known blockchain protocols.

Yield Guild Games

Series A in 2021
Founded in 2018, Yield Guild Games is a venture capital firm based in Quezon City, Philippines. The firm invest in early-stage token and equity deals in web3, gaming studios and the infrastructure that supports the growth of the industry.

Solana

Initial Coin Offering in 2021
Solana is a high-performance blockchain network designed for speed, security, and scalability, capable of processing up to 50,000 transactions per second. The platform supports a variety of applications, including distributed apps, marketplaces, and enterprise solutions, making it suitable for a wide range of industries. In addition to its blockchain infrastructure, Solana Ventures, founded in 2021 and based in San Francisco, focuses on venture capital investments within the gaming, digital assets, cryptocurrency, and blockchain sectors. This dual approach positions Solana as a significant player in the evolving landscape of decentralized technology and applications.

Set Labs

Series A in 2021
Set Labs is creating the next generation of finance through crypto-financial primitives. The company is developing tools that enable developers to bundle crypto assets together called Sets, which allow users to create cryptocurrency baskets, baskets of non-fungibles, baskets of on-chain securities, and more.

Ledn

Series A in 2021
Ledn is a financial services company focused on helping individuals save in digital assets. It offers a range of products, including a bitcoin-backed loan service that allows clients to access cash without selling their bitcoin. Additionally, Ledn provides a B2X product that enables users to instantly double their bitcoin holdings through a loan. The company also features interest-bearing savings accounts for bitcoin and USDC, which pay interest without requiring minimum deposits. By providing these services, Ledn aims to empower clients to grow their digital wealth while maintaining their cryptocurrency holdings.

PoolTogether

Series A in 2021
PoolTogether Inc. operates an Ethereum based application for saving money and playing a game. It offers PoolTogether that provides users to access a decentralized money saving and reward tool on the Ethereum blockchain, that allows participants to use Ethereum assets to transact using smart contracts. Its platform offers an audited savings game where users deposit money that goes into compound protocol to begin earning interest and at the end of the week, one winner receives the collective interest earned and everyone is able to receive their principal back. The company was founded in 2019 and is based in Grand Rapids, Michigan.

Commonwealth Labs

Venture Round in 2021
Commonwealth Laboratories, Inc. operates a diagnostic laboratory that specializes in tests for functional gastrointestinal disorders. Founded in 1985 and based in San Francisco, California, the company serves as a resource platform for healthcare providers, offering specialized diagnostic solutions to aid in patient diagnosis. Additionally, Commonwealth Labs is involved in developing governance technology for decentralized organizations, providing a blockchain protocol-based system that enhances decision-making and resource allocation. This dual focus on healthcare diagnostics and innovative governance solutions positions Commonwealth Laboratories as a multifaceted entity addressing both medical and organizational needs.

DeversiFi

Funding Round in 2021
DeversiFi gives traders the edge in fast-moving decentralized finance (Defi) markets by allowing them to trade at lightning speed and with deep aggregated liquidity, directly from their privately owned cryptocurrency wallet. Traders can take advantage of more trading opportunities while always preserving control of their assets when they need to move fast. DeversiFi’s order-books are off-chain, but settlement occurs on the Ethereum blockchain. This means that traders benefit from fast-moving order books and instant execution, without having to trust the exchange and whilst always maintaining control of their assets at all times.

Zapper

Series A in 2021
Manage all your DeFi assets from one simple interface.

Uniswap

Venture Round in 2021
Uniswap is a decentralized protocol that facilitates automated liquidity provision on the Ethereum blockchain. By utilizing a simple mathematical formula, Uniswap ensures continuous liquidity for a wide range of users and applications. The platform enables developers, liquidity providers, and traders to engage in a financial marketplace that promotes accessibility and openness. Through its user-friendly interface, Uniswap employs smart contracts to facilitate secure, decentralized token exchanges, allowing users to trade without intermediaries. This innovative approach defines asset prices based on the liquidity of the staked assets, making it a vital player in the decentralized finance ecosystem.

Notional

Series A in 2021
Notional is a decentralized protocol that facilitates fixed-rate, fixed-term lending and borrowing of crypto assets on the Ethereum blockchain. The platform allows users to lend or borrow stablecoins at predetermined interest rates for terms of up to six months, utilizing a token known as fCash. This token can be redeemed for an underlying currency, such as DAI, upon its maturity. Notional features specialized liquidity pools that enable the efficient exchange between cash and fCash, with the exchange rate determining the fixed interest rate for the duration of the fCash token's life. The protocol is designed to be flexible, allowing for the addition of new assets, collateral types, and extended maturities in the future. Prioritizing security, Notional collaborates with industry experts to ensure the robustness of its smart contracts and the soundness of its economic framework.

The Defiant

Pre Seed Round in 2021
The Defiant is an information company specializing in decentralized finance (DeFi). It operates an online platform that provides essential news and analysis related to the DeFi sector. The platform focuses on major developments within decentralized finance, offering insights into various DeFi companies and their investments. By publishing timely and relevant information, The Defiant aims to keep users informed about the evolving landscape of crypto and finance.

The Defiant

Pre Seed Round in 2021
The Defiant is an information company specializing in decentralized finance (DeFi). It operates an online platform that provides essential news and analysis related to the DeFi sector. The platform focuses on major developments within decentralized finance, offering insights into various DeFi companies and their investments. By publishing timely and relevant information, The Defiant aims to keep users informed about the evolving landscape of crypto and finance.

Moonbeam Network

Funding Round in 2021
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

PureStake

Series A in 2021
PureStake, Inc. develops infrastructure and services specifically for public blockchain networks, focusing on Algorand and Polkadot. Founded in 2019 and based in Burlington, Massachusetts, the company offers a range of solutions including wallet extensions, API services, block explorers, and validator services for proof of stake networks. Its platform is designed to ensure secure and reliable participation in blockchain networks, utilizing an automated multi-pop and multi-cloud approach. PureStake aims to address scalability challenges in blockchain technology by promoting open protocols and next-generation networks that leverage proof of stake consensus mechanisms.

Overlay

Seed Round in 2021
Overlay is a protocol that enables users to trade streaming data without the need for traditional counterparties. The company was founded in 2018 and is headquartered in Pacific Palisades, California, United States.

Vega Protocol

Series A in 2021
Fully automated processes and incentives for trading margined financial products allow for markets that are open and decentralised, with pseudonymous participants.

Bluefin

Seed Round in 2021
dTrade is a decentralised trading platform for options and perpetuals contracts. It is built on a Polkadot Smart Contract Chain and is designed to function as a fully decentralized public utility owned and controlled by the community of token holders. dTrade was founded in 2020 and is headquartered in Toronto, Ontario.

BlockFi

Series D in 2021
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

Fei Labs

Series A in 2021
Fei Labs is focused on developing a decentralized stablecoin that aims to address challenges associated with existing dollar-pegged products, particularly those influenced by large holders, commonly referred to as "whales." The company has created a unique stablecoin mechanism that is undercollateralized and designed for scalability, promoting capital efficiency and equitable distribution among users. By leveraging this innovative approach, Fei Labs enables users to utilize their stablecoins to maintain liquid secondary markets, thereby enhancing overall market functionality while ensuring a fully decentralized framework.

Badger DAO

Venture Round in 2021
Badger is a decentralized autonomous organization (DAO) building products and infrastructure to accelerate Bitcoin as collateral across other blockchains. It’s meant to be an ecosystem DAO where projects and people from across DeFi can come together to collaborate and build the products our space needs. Shared ownership in the DAO will allow builders to have aligned incentives while decentralized governance can ensure those incentives remain fair to all parties. The idea is less competing and more collaborating.

BlockFi

Series D in 2021
BlockFi, Inc. is a financial services company focused on providing wealth management products for cryptocurrency investors. Established in 2017 and headquartered in New York, it offers a range of services including the BlockFi Interest Account, which allows clients to earn interest on their holdings of Bitcoin, Ether, and Gemini Dollar. The company also facilitates secured loans in U.S. dollars, backed by clients' cryptocurrency assets, thereby enhancing liquidity in the blockchain asset market. In addition to lending and interest-earning accounts, BlockFi provides a trading platform for exchanging various cryptocurrency pairs and offers services tailored for institutional clients. By holding clients' digital assets with a registered custodian, BlockFi aims to deliver transparency and efficiency in digital financial markets. The company's mission is to address the evolving needs of both individual and institutional investors in the cryptocurrency space.

Radicle

Venture Round in 2021
Radicle is a peer-to-peer stack for building software together.

Radicle

Venture Round in 2021
Radicle is a peer-to-peer stack for building software together.

Bluefin

Pre Seed Round in 2021
dTrade is a decentralised trading platform for options and perpetuals contracts. It is built on a Polkadot Smart Contract Chain and is designed to function as a fully decentralized public utility owned and controlled by the community of token holders. dTrade was founded in 2020 and is headquartered in Toronto, Ontario.

1inch

Series A in 2020
1inch Limited is a company that specializes in developing decentralized protocols for cryptocurrency trading. Founded in 2019 and based in the United States, 1inch operates the 1inch Network, which includes several key protocols: the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, and the 1inch Limit Order Protocol. These protocols work together to facilitate efficient and secure trading operations in the decentralized finance (DeFi) space, allowing users to execute transactions that are both profitable and fast. Through its innovative technology, 1inch aims to enhance the trading experience for users in the growing cryptocurrency market.

DefiDollar

Seed Round in 2020
DefiDollar is a company based in Bengaluru, India, founded in 2020, that operates a meta stablecoin index. This index utilizes decentralized finance (DeFi) principles to maintain stability near the dollar value while allowing users to diversify their stablecoin holdings. By hedging against potential deviations from the peg of underlying stablecoins, DefiDollar helps mitigate risk. Additionally, the platform offers opportunities for users to earn yields with reduced volatility, promoting a safer investment environment in the fluctuating landscape of stablecoins.

PoolTogether

Seed Round in 2020
PoolTogether Inc. operates an Ethereum based application for saving money and playing a game. It offers PoolTogether that provides users to access a decentralized money saving and reward tool on the Ethereum blockchain, that allows participants to use Ethereum assets to transact using smart contracts. Its platform offers an audited savings game where users deposit money that goes into compound protocol to begin earning interest and at the end of the week, one winner receives the collective interest earned and everyone is able to receive their principal back. The company was founded in 2019 and is based in Grand Rapids, Michigan.

Polymarket

Seed Round in 2020
fka Union.market

BarnBridge

Seed Round in 2020
BarnBridge is a United States-based company that has developed a cross-platform protocol aimed at tokenizing risk through fixed yield and volatility tranche products. This innovative platform allows investors in both decentralized and traditional finance to hedge against yield sensitivity and price volatility. By accessing debt pools from various decentralized finance protocols, BarnBridge transforms single pools into multiple assets that feature different risk and return profiles. This functionality supports traders in managing risks and facilitates access to fixed-income instruments, thereby enhancing the overall risk management capabilities for institutional investors.

Acala Network

Series A in 2020
Acala Network is a decentralized finance hub that operates on a blockchain-based platform, facilitating cryptocurrency transactions across blockchains linked to the Polkadot network. The platform enables users to send and receive USD while providing a suite of financial tools, including a multi-collateralized stablecoin backed by various cross-chain assets, a trustless staking derivative, and a decentralized exchange. These features enhance liquidity and support the development of innovative financial applications. Acala Network is headquartered in the United States.

LeverFi

Seed Round in 2020
LeverFi is a decentralized finance platform that enables users to unlock liquid capital from their staked digital assets. By allowing users to collateralize their portfolios of staked assets into a common stablecoin, the platform facilitates borrowing of fiat-backed currencies, such as USDT or USDC. This innovative approach ensures that users can continue earning staking rewards and benefit from capital appreciation while also redeploying their staked capital into new investment opportunities. LeverFi's products include a cross-chain liquidity bridge, which enhances capital deployment decisions and allows clients to optimize their strategies for profit across multiple revenue streams.

Uniswap

Series A in 2020
Uniswap is a decentralized protocol that facilitates automated liquidity provision on the Ethereum blockchain. By utilizing a simple mathematical formula, Uniswap ensures continuous liquidity for a wide range of users and applications. The platform enables developers, liquidity providers, and traders to engage in a financial marketplace that promotes accessibility and openness. Through its user-friendly interface, Uniswap employs smart contracts to facilitate secure, decentralized token exchanges, allowing users to trade without intermediaries. This innovative approach defines asset prices based on the liquidity of the staked assets, making it a vital player in the decentralized finance ecosystem.

DeversiFi

Initial Coin Offering in 2020
DeversiFi gives traders the edge in fast-moving decentralized finance (Defi) markets by allowing them to trade at lightning speed and with deep aggregated liquidity, directly from their privately owned cryptocurrency wallet. Traders can take advantage of more trading opportunities while always preserving control of their assets when they need to move fast. DeversiFi’s order-books are off-chain, but settlement occurs on the Ethereum blockchain. This means that traders benefit from fast-moving order books and instant execution, without having to trust the exchange and whilst always maintaining control of their assets at all times.

Uniswap

Series A in 2020
Uniswap is a decentralized protocol that facilitates automated liquidity provision on the Ethereum blockchain. By utilizing a simple mathematical formula, Uniswap ensures continuous liquidity for a wide range of users and applications. The platform enables developers, liquidity providers, and traders to engage in a financial marketplace that promotes accessibility and openness. Through its user-friendly interface, Uniswap employs smart contracts to facilitate secure, decentralized token exchanges, allowing users to trade without intermediaries. This innovative approach defines asset prices based on the liquidity of the staked assets, making it a vital player in the decentralized finance ecosystem.

Teller

Seed Round in 2020
Teller is a United States-based blockchain project focused on decentralized lending. It provides a platform that connects to users' bank accounts to offer risk-assessed, unsecured loans, eliminating the need for collateral. By utilizing an algorithmic credit risk protocol, Teller aims to create decentralized lending markets that enhance lending opportunities while minimizing risks. The company's cloud-based system effectively delivers creditworthiness data, enabling users to engage in loans with digital currency. Through this innovative approach, Teller seeks to transform the lending landscape by making access to loans more efficient and secure.

The Graph

Funding Round in 2020
The Graph is a protocol designed for building decentralized applications on the Ethereum blockchain and IPFS using GraphQL. Incorporated in 2018 and headquartered in San Francisco, the company provides a decentralized indexing and query layer for the decentralized web. Developers can create and publish open APIs, known as subgraphs, which applications can query to access blockchain data. The Graph currently supports indexing data from Ethereum, POA, and IPFS, with plans to expand to additional networks. A hosted service is available to help developers begin building on the platform, while a decentralized network is set to launch soon. Approximately 1,700 subgraphs have been deployed for various decentralized applications, including notable projects like Uniswap, Synthetix, and Decentraland.

Keep

Venture Round in 2020
Keep Network, founded in 2017 and headquartered in George Town, Cayman Islands, specializes in blockchain technology that bridges public blockchains and private data. The company offers an off-chain container that allows users to store private information securely on public blockchains while maintaining privacy. Its technology employs a privacy layer for Ethereum, utilizing secure multiparty computation to distribute data across multiple locations. This innovative approach features decentralized signing, supports the creation of cryptocurrency wallets, and enables the sale of digital goods, providing users with a robust solution for private file storage through blockchain encryption.
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