Faction Ventures

Lightspeed Faction is a joint venture with Lightspeed Venture Partners, and as a result, combines Faction's crypto-only approach with Lightspeed's deep Silicon Valley roots and platform business scaling resources. Faction collaborates with Lightspeed on blockchain-related matters, but operates the fund independently.

Clara Boh

Partner

Banafsheh Fathieh

Co-Founder and General Partner

Samuel Harrison

Founding and Managing Partner

31 past transactions

MagicBlock

Seed Round in 2025
MagicBlock Labs is a gaming and technology firm that creates infrastructure for fully on-chain games.

Crossmint

Venture Round in 2025
Crossmint is the leading enterprise-grade developer platform to build onchain. Crossmint's suite of products includes wallets, tokenization, payments, and more; and powers 40,000+ companies and developers, including Fortune 500 companies and major brands like Mastercard, Adidas, Red Bull, Coinbase, Phantom, and more.

Plume Network

Series A in 2025
Plume Networks is a developer of a blockchain platform that focuses on onboarding and managing real-world assets. The platform features an end-to-end tokenization engine, supporting over 180 projects on its private development network. By integrating essential asset tokenization, Plume Networks aims to create a robust infrastructure that simplifies the process of bringing various real-world assets on-chain. This approach fosters the development of decentralized finance (DeFi) applications, allowing investors to connect with quality buyers and enhance liquidity for tokenized assets.

Rena Labs

Pre Seed Round in 2025
Rena was creating the execution environment (TEE) abstraction Layer, designed to streamline deployment and execution workflows. This innovation aimed to enable a broad spectrum of verifiable AI use cases by providing a secure and efficient framework. Rena’s approach bridged the gap between advanced AI applications and the need for trusted, seamless execution, offering a foundation for reliability and scalability in AI-driven solutions.

FLock.io

Venture Round in 2024
FLock.io is a developer of a decentralized platform that focuses on privacy-preserving machine learning using blockchain technology. The platform aims to resolve the conflict between the increasing demand for data and the associated risks of data breaches. By employing a federated learning system, FLock allows data holders to conduct machine learning while keeping their data local and private. This approach replaces the traditional central entity that collects and organizes data, empowering users to derive insights from their own data and monetize it as they see fit. Through smart contracts and distributed ledger technology, FLock seeks to eliminate the need for user data collection and ensure widespread governance participation, positioning itself as a secure and reliable solution for the evolving landscape of data privacy and AI co-creation.

Plume Network

Series A in 2024
Plume Networks is a developer of a blockchain platform that focuses on onboarding and managing real-world assets. The platform features an end-to-end tokenization engine, supporting over 180 projects on its private development network. By integrating essential asset tokenization, Plume Networks aims to create a robust infrastructure that simplifies the process of bringing various real-world assets on-chain. This approach fosters the development of decentralized finance (DeFi) applications, allowing investors to connect with quality buyers and enhance liquidity for tokenized assets.

Avara Ventures

Venture Round in 2024
Avara Ventures operates as an investment firm.

Lens Protocol

Venture Round in 2024
Lens Protocol is a composable and decentralized social network serving the Web3 community. It enables creators to build their own web3 social media platforms and accounts, giving them control over their connections with their communities and also ownership over their content.

Hyperbolic Network

Series A in 2024
Hyperbolic is a software development company that specializes in creating decentralized computing platforms. It operates an open-source platform designed for artificial intelligence development by aggregating idle computing resources. This platform enables the building and deployment of AI models by harnessing collective computing capacity, allowing individuals and organizations to access a GPU network. Users can run AI interfaces and deploy models without the need for centralized infrastructures, promoting a more distributed approach to computing and AI development.

Fiamma

Seed Round in 2024
Fiamma builds the future of finance and the internet on bitcoin with ZK and BitVM2.

Schuman Financial

Seed Round in 2024
Schuman Financial develops technologies, infrastructure, and products that bring financial services on-chain.

Ammalgam

Seed Round in 2024
Ammalgam is a new primitive that integrates lending and trading into a single protocol known as a Decentralized Lending Exchange (DLEX).

Pharos

Seed Round in 2024
Pharos incorporates effective blockchain technology into real-world asset verticals and decentralized finance. Pharos Network is promoting trustless innovations that benefit asset markets and underprivileged communities, bolstering the global economy of the future and facilitating the widespread use of Web3 technologies.

Space and Time

Series A in 2024
Space and Time is a decentralized analytics platform designed to facilitate low-latency queries and tamperproof analytics across the Web. It serves as a multichain data solution for developers and decentralized applications in sectors such as gaming and decentralized finance. The platform enables the integration of on-chain and off-chain data, allowing users to conduct complex queries through a single interface. By transforming major blockchains into advanced databases, Space and Time provides companies with enhanced analytics capabilities, ensuring faster and more reliable insights at an enterprise scale. This innovative approach positions Space and Time as a vital resource for projects requiring next-generation analytics in a decentralized environment.

Stork Network

Seed Round in 2024
Stork Network provides decentralized data solutions for decentralized protocols.

Hyperbolic Network

Seed Round in 2024
Hyperbolic is a software development company that specializes in creating decentralized computing platforms. It operates an open-source platform designed for artificial intelligence development by aggregating idle computing resources. This platform enables the building and deployment of AI models by harnessing collective computing capacity, allowing individuals and organizations to access a GPU network. Users can run AI interfaces and deploy models without the need for centralized infrastructures, promoting a more distributed approach to computing and AI development.

WeatherXM

Series A in 2024
WeatherXM is a community-driven weather network that focuses on delivering accurate and localized weather data to Web3 businesses. By incentivizing weather station owners, the company collects decentralized weather information that supports the emerging Web3 data economy. Additionally, WeatherXM offers weather forecasting and analytics services, particularly for the energy sector, utilizing proprietary sensor technology and artificial intelligence to enhance weather insights. This combination of community engagement and advanced technology allows WeatherXM to provide valuable weather intelligence tailored to the specific needs of its customers.

Turnkey

Series A in 2024
Turnkey is a company that specializes in providing scalable wallet infrastructure for cryptocurrency developers, focusing on the management of private keys. Its platform simplifies the process of building applications that require wallet functionalities and cryptographic transactions, allowing developers to generate and manage private keys across various blockchains. The product suite includes features such as flexible signing and intuitive security controls, ensuring that security is not compromised while facilitating the development process for businesses in the crypto space.

Figure Markets

Series A in 2024
Figure Markets is a company focused on redefining private capital markets through the use of blockchain technology. It has developed a digital asset platform that allows users to trade, borrow, and invest within a single decentralized environment. The platform offers a range of financial instruments, including public equity, fixed-income securities, and alternative investments. Additionally, it supports cross-collateralization across all assets, enabling investors to diversify their portfolios beyond conventional options. This approach aims to enhance accessibility and efficiency in capital markets.

Taiko Labs

Series A in 2024
Taiko Labs is a cryptocurrency firm focused on developing a zero-knowledge Ethereum Virtual Machine (zkEVM) scaling solutions platform for the Ethereum Blockchain. The company's platform aims to enhance Ethereum's scalability by closely emulating its functionality, both technically and non-technically. It supports all Ethereum Virtual Machine (EVM) opcodes within a decentralized, permissionless, and secure layer-2 architecture, providing Ethereum developers with the necessary tools to execute blockchain projects effectively.

Pontem Network

Venture Round in 2024
Pontem Network is a product studio focused on developing foundational decentralized applications (dApps) for the Aptos blockchain. Its flagship product, the Pontem Wallet, is a secure wallet available on multiple platforms, including Chrome, Firefox, iOS, and Android, allowing users to store and send tokens on the Aptos network. The wallet is integrated with various services, including the Liquidswap decentralized exchange, NFT marketplaces like Topaz and Souffl3, and liquid staking platforms such as Ditto and Tortuga. Additionally, Pontem Network offers tools for developers, including the Move Playground browser code editor, the Move IntelliJ IDE plugin, and ByteBabel, a Solidity-to-Move code translator that enables Ethereum Virtual Machine compatibility on Aptos. Through these products, Pontem Network aims to facilitate innovation and support the growth of the Aptos ecosystem.

Tres

Series A in 2023
Tres is a developer of a financial platform aimed at managing and monitoring Web3 Finance. The platform facilitates key financial workflows, including reconciliation, balance calculation, audit, and reporting for Web3 assets throughout the entire process from on-ramp to off-ramp. By streamlining these procedures, Tres helps finance teams minimize the reliance on manual spreadsheet work, enhancing efficiency and accuracy in financial management.

Helio

Seed Round in 2023
Helio is a web3 payment platform that facilitates secure and convenient merchant payments in the decentralized finance (DeFi) ecosystem. It enables merchants, decentralized applications (dApps), and creators to accept cryptocurrency payments across various blockchain networks for diverse purposes, including e-commerce and subscriptions. The platform offers a streamlined payment process that reduces transaction costs by eliminating traditional card systems, allowing clients to receive funds instantly. Users benefit from enhanced privacy and a seamless checkout experience, making Helio a valuable solution for businesses seeking to navigate the evolving landscape of digital payments.

Helio Fintech

Seed Round in 2023
At Helio Fintech Ltd, we are revolutionizing the way merchants and creators accept payments in the Web3 economy. Founded in January 2022, our mission is to empower e-commerce businesses by providing a secure and convenient platform for accepting DeFi payments across multiple blockchain networks, including Solana, Ethereum, and Bitcoin. With over 5,000 sellers and 400,000+ unique active wallets, we enable one-click crypto payments in USDC and hundreds of digital assets, ensuring friction-free checkouts and increased privacy for users. Our solution offers instant payouts and low fees, helping merchants maximize their revenue while reaching a new audience of crypto enthusiasts. We integrate seamlessly with leading digital platforms like YouTube, Discord, TradingView, and Magic Eden, making it easier for our partners to tap into the growing demand for crypto transactions. Join us as we power the future of payments for a decentralized world!

Econia

Seed Round in 2023
Econia Labs is a decentralized finance (DeFi) protocol built on the Aptos blockchain, focused on creating a back-end infrastructure for financial applications. It has developed an on-chain order book that facilitates equitable access to global markets while promoting composability among various decentralized applications. By providing a foundational settlement layer, Econia enables developers and market makers to utilize a shared trading venue, allowing participation from diverse sectors of the ecosystem. This approach aims to enhance accessibility and efficiency within the DeFi landscape.

Narya AI

Seed Round in 2023
Narya AI is building better AI productivity tools that deliver happiness and freedom, starting with Mumble Note: https://www.mumblenote.com/ Mumble Note is an AI voice note taker that let you talk freely about your ideas, todos and memories. Then use AI to turn your voice into structured, actionable notes instantly. Capture fleeting thoughts and never miss inspiration.

Skip

Seed Round in 2022
Skip is a blockchain company that provides infrastructure to help blockchains leverage Miner Extractable Value (MEV) for financial sustainability and improved user experiences. The company has developed a platform featuring a sealed-bid closed auction system, allowing traders to submit tipped transactions to validators. This system prioritizes these transactions at the top of blocks, facilitating long-term financial viability for blockchains. Additionally, it enables traders to implement more sophisticated and profitable trading strategies. Through its innovative approach, Skip aims to enhance the efficiency and effectiveness of blockchain transactions.

Blaze

Venture Round in 2022
Blaze is a community customer relationship management (CRM) and analytics application founded in 2022 and based in San Francisco, California. The platform is designed to help organizations recruit, activate, and engage their users effectively. Blaze automates the tagging and categorization of customer support issues, which allows teams to easily identify bugs and prioritize features. It offers a centralized dashboard that integrates support, sales, and user data, facilitating intuitive data exploration for non-technical teams. This functionality enables companies to uncover trends and flag anomalies, ensuring that urgent issues are addressed promptly and empowering product teams to make informed decisions.

OpenFX

modern money movement
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