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

Past deals in Peer to Peer

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Overlay Foundation

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.

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.

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.

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.

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.

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.

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.

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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