Figment

Figment Networks Inc. is a leading provider of blockchain infrastructure and software, headquartered in Toronto, Canada. Established in 2018, the company focuses on developing open-source crypto networks, including Tezos, Cosmos, Livepeer, and Horizen. Figment offers a comprehensive suite of tools and services designed to help token holders and developers effectively utilize, build, and govern blockchains. Key offerings include enterprise-grade node and staking infrastructure, the Hubble Web 3 explorer, and DataHub developer APIs. Additionally, Figment provides middleware and application layer infrastructure that facilitates informed and real-time decision-making for investors. The company actively engages in network governance, allowing token holders to participate in proposals, and delivers detailed reporting on staking rewards for tax and compliance purposes. Through its initiatives, Figment aims to empower the blockchain community by enhancing accessibility and governance in the crypto space.

Dougie DeLuca

Investor

Ryan Funduk

Co-Founder and Chief Architect

Clayton Menzel

Partner

Rob Pellecchia

Analyst

Derek G.

Partner

Nick M.

Investor

10 past transactions

Hyperlane

Seed Round in 2022
Hyperlane platform helps developers connect applications across blockchains.

Tenderize

Seed Round in 2022
Tenderize is a web3 platform that enables users to stake and earn money using a liquid staking platform. Tenderize offers a stress-free staking experience. Delegations are managed by the Tenderize protocol, so simply deposit their tokens to earn rewards and watch their balance grow. They can easily unlock your staked assets without having to wait for long periods of time. Using TenderSwap liquidity pools, they can instantly exchange their TenderTokens for underlying assets.

Gasp

Venture Round in 2022
cross-chain decentralized exchange built on Polkadot

Phi Labs

Seed Round in 2022
Phi Labs focuses on developing blockchain tools and protocols that empower developers, creators, and entrepreneurs. By leveraging a global team of web pioneers, the company aims to enhance the accessibility of application development. As a contributor to the Archway protocol, Phi Labs rewards blockchain developers for their contributions, further fostering innovation within the ecosystem. Through its commitment to open-source initiatives, Phi Labs seeks to create an inclusive environment that supports the growth and development of blockchain technology.

Stader Labs

Venture Round in 2022
Developer of a decentralized financial protocol and application designed for efficient stake management on public blockchain networks. The company's application brings sustainable staking yields from digital assets and is a distribution layer of staking while building protocols and products, enabling clients to enhance the security, decentralization, liquidity, and governance of some of the major blockchain networks.

Burnt

Series A in 2022
Burnt Finance is a decentralized auction protocol to enable fast and seamless auctions for a diverse array of assets. It provides an intuitive interface for minting new assets. These assets can be synthetics, NFTs, and even new digital assets. In less than a few minutes a user can mint a new asset and set up an entirely decentralized auction. Burnt allows users to customize their auctions which allows asset minting and trading to take place in a completely permissionless ecosystem. It is based in Solana Beach, California.

Agoric

Funding Round in 2021
Agoric Systems Operating Company, founded in 2018 and based in San Francisco, California, develops a framework designed to enhance the programming of smart contracts across various blockchain environments. This platform allows developers to create and deploy smart contracts using JavaScript, making the process more accessible and secure for millions of programmers globally. Agoric's framework emphasizes composability, enabling rapid development and competitive advantages in the blockchain ecosystem. By facilitating secure execution of transactions and the establishment of new markets, Agoric aims to foster innovative business models and global cooperation through digital assets. The team comprises experienced technologists and economists who have collaborated in smart contract technology for over three decades, and the company has formed partnerships with notable projects and received backing from several prominent investment firms.

Osmosis

Initial Coin Offering in 2021
Osmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade IBC enabled tokens. The Osmosis blockchain is made up of free, public, and open-source software. - Osmosis is a first-of-its-kind automated market maker (AMM) that marks a foundational shift in how liquidity providers can benefit from Interchain DeFi.

Qredo

Initial Coin Offering in 2021
Qredo Ltd is based in London and operates an online platform that facilitates the secure movement of digital assets for institutional traders. Established in 2011, the company offers a decentralized, institutional-grade liquidity protocol that enhances security and custody for digital assets. Qredo's platform eliminates the complexities and risks associated with wallet key management, addressing operational and cyber-security challenges in the trading, storage, and transfer of digital assets. By providing tools for treasury and fund management, as well as peer-to-peer trading venues, Qredo enables businesses to operate efficiently and securely within the cryptocurrency custody industry.

Covalent

Venture Round in 2021
Covalent Research & Development Inc. is a technology company based in Vancouver, Canada, focused on enhancing transparency and accountability in the cryptocurrency sector. Established in 2018, Covalent develops a data analytics suite that addresses significant infrastructure challenges obstructing blockchain adoption. Its offerings include on-chain data and analytics for the Ethereum network, as well as APIs that provide visibility and transparency across various blockchain networks. The company aims to bridge centralized databases with decentralized blockchain technologies, thereby facilitating adoption among enterprises and consumers. Covalent supports several leading decentralized finance protocols and is actively building tools like SafeKeeep, which aims to improve data availability and record-keeping in the DeFi space. The company’s team comprises industry veterans with extensive experience in database and distributed systems, underscoring its commitment to driving innovation in blockchain technology.
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