Nascent

Nascent is a venture capital firm founded in 2020 and based in Montreal, Canada. It specializes in multi-strategy investments within the cryptocurrency and open finance sectors. The firm aims to identify and support innovative projects and companies in the rapidly evolving digital asset landscape, contributing to the growth and development of the broader crypto ecosystem. With a global investment approach, Nascent seeks to leverage opportunities in this dynamic market.

Dan Elitzer

Co-Founder

Jessy Huang

Venture Partner

27 past transactions

Skylock

Seed Round in 2022
Skylock is a Canadian post-seed startup committed to securing the future of DeFi by proactively defending against smart-contract hacks. Recognizing the industry's need for stability, Skylock leverages cutting-edge technology to detect and block malicious transactions in real-time, protecting DeFi protocols and their users. Skylock was founded in 2022 in Ottawa, Canada.

MatchboxDAO

Seed Round in 2022
MatchboxDAO operates a gaming platform focused on creating the infrastructure necessary for on-chain games. The company develops developer tools, infrastructure, and open-source primitives that facilitate the building of fully on-chain gaming experiences. By providing these resources, MatchboxDAO aims to simplify the development process for creators, allowing them to easily access and utilize the necessary components for their projects. Additionally, MatchboxDAO is actively engaging the community by hosting virtual hackathons, such as its inaugural event aimed at building tools on the Starknet network.

Hologram Labs

Seed Round in 2022
Hologram is an all-in-one platform for digital identities and virtual beings. Leveraging the latest developments in 3D, machine learning, and web3, Hologram empowers any online community to create, own, and engage with immersive virtual characters, goods, and experiences at scale.

seedclub

Series A in 2022
Seed Club is a DAO that builds and invests in communities. We’re building a future where the value created by communities on the internet is captured by people, not platforms.

LiquiFi

Seed Round in 2022
LiquiFi helps to maximize the capabilities of tokens.

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.

Volt Protocol

Seed Round in 2022
Volt Protocol is a digital currency platform designed to provide users with a yield-bearing currency that combines the benefits of self-custody and censorship resistance with the ease of transactions typically found in traditional banking. Built on the Ethereum blockchain, Volt Protocol utilizes smart contracts to ensure a non-custodial experience, allowing token holders to maintain control over their assets. The platform focuses on decentralized savings and credit systems, tracking the Consumer Price Index (CPI) for urban communities instead of relying on fiat currencies. This approach empowers users to protect their savings while minimizing reliance on intermediaries, thus fostering a more equitable financial ecosystem.

Optimism

Series B in 2022
Developer of a secure decentralized infrastructure platform designed for scaling Ethereum. The company helps to enhance and enshrine fair access to public goods on the internet through the development of open-source software to produce a public benefit and operate responsibly and sustainably, enabling businesses to use zero-knowledge proofs to ensure the validity of every state update.

Socket

Seed Round in 2022
Socket is a developer of a multichain interoperability platform that connects various blockchain networks, facilitating seamless asset and information transfers. By acting as a meta-layer, Socket enables the creation of unified, multichain applications that share liquidity and state across different chains. Its platform simplifies the development of cross-chain applications by unifying liquidity across bridges and decentralized exchanges (DEXs), allowing users to route funds based on their preferences such as fees, speed, or security. This approach enhances the efficiency and functionality of blockchain interactions, benefiting developers and users alike.

Alliance DAO

Seed Round in 2021
DeFi Alliance connects founders to some of the largest traditional trading firms in the world, successful founders in DeFi, VCs, and legal/compliance experts, and help them build product, growth, and regulatory strategies.

Saddle

Series A in 2021
Saddle Finance operates an automated market maker (AMM) platform specifically designed for trading pegged value crypto assets. Its innovative financial trading platform facilitates trading and earning opportunities with these assets by utilizing a tokenized bitcoin pool. This approach enhances on-chain liquidity, allowing traders to execute transactions with minimal slippage and reduced transaction fees. By focusing on the unique requirements of pegged value assets, Saddle Finance aims to provide an efficient and cost-effective trading experience for its users.

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.

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.

Bitwave

Seed Round in 2021
Bitwave offers a comprehensive back-office software solution designed for businesses that utilize cryptocurrencies. The platform integrates directly with various accounting systems, including Xero, Quickbooks, Sage, and Netsuite, facilitating efficient bookkeeping and tax tracking. It supports multiple tax treatment methods, such as FIFO and LIFO, and includes features for mark-to-market accounting, crypto invoicing, and bill payments. Additionally, Bitwave provides a multi-user, multi-signature wallet that enhances compliance and governance for managing digital assets. By streamlining cryptocurrency tax, accounting, and compliance processes, Bitwave aims to help enterprises effectively manage their cryptocurrency finances while adapting to the evolving digital asset landscape.

Messari

Series A in 2021
Messari, Inc. operates a distributed data library focused on crypto assets, providing essential information about various projects, including their funding, development history, governance, and supply schedules related to inflation and vesting. Founded in 2018 and based in New York, the company aims to enhance transparency and facilitate informed decision-making within the crypto asset community. Its platform combines a global research database with a suite of data visualization and asset discovery tools, catering to researchers, investors, and regulators. By offering qualitative and quantitative analytics, Messari enables stakeholders to navigate the complexities of the crypto and Web3 landscapes with greater confidence.

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.

Etherscan

Seed Round in 2021
Etherscan operates as a blockchain explorer and analytics platform specifically for Ethereum, a decentralized smart contracts system. Based in the United States, Etherscan provides web-based tools that allow users to explore the public Ethereum network by accessing information on confirmed transactions within the Ethereum blockchain. The platform offers transparency and accessibility, enabling users to analyze blockchain data without processing transactions or troubleshooting failures. Etherscan plays a vital role in providing insights into Ethereum's transaction history, making it easier for users to navigate and understand the decentralized ecosystem.

Shipyard Software

Seed Round in 2021
Shipyard Software is a decentralized exchange for retail crypto traders. The company was founded in 2021 and is headquartered in San Francisco, California.

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.

XMTP

Seed Round in 2021
XMTP is an open, crypto-native communication protocol that connects communities, applications, and users. It was founded in 2021 and is based in Austin, Texas.

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.

Gro

Seed Round in 2021
Gro builds products, called protocols or autonomous programs, for a more simple and friendly DeFi experience. Gro empowers people to easily create and share wealth, by combining the best of decentralized and legacy finance.

Optimism

Series A in 2021
Developer of a secure decentralized infrastructure platform designed for scaling Ethereum. The company helps to enhance and enshrine fair access to public goods on the internet through the development of open-source software to produce a public benefit and operate responsibly and sustainably, enabling businesses to use zero-knowledge proofs to ensure the validity of every state update.

0x

Series A in 2021
0x Protocol operates an open protocol that facilitates peer-to-peer exchange of assets on the Ethereum blockchain. Founded in 2017 and based in San Francisco, the protocol serves as a standard for decentralized exchanges, promoting interoperability among applications that require exchange functionality. The offerings include 0x Instant, which allows for crypto purchasing within apps and websites, and the 0x Launch Kit, which assists in launching relayers. Additionally, ZEIP-23 enables the trading of bundles of assets. The protocol supports developers in building relayers, utilizing networked liquidity, and engaging in market making, catering to a diverse range of markets from gaming items to financial instruments.
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