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 focused on onboarding and managing real-world assets (RWAs). The company has established a robust private development network with over 180 projects, facilitating an end-to-end tokenization engine that simplifies the process of asset onboarding. Plume Networks aims to create a seamless integration of decentralized finance (DeFi) applications for RWAs, providing a comprehensive financial infrastructure that enhances liquidity and connects quality buyers with diverse investment opportunities. Through its innovative platform, Plume Networks is positioned to foster a new sector within the DeFi landscape, enabling investors to engage more effectively with tokenized assets.

Rena Labs

Pre Seed Round in 2025
Rena Labs specializes in developing a computing platform focused on user-owned artificial intelligence (AI). The company's core offering is a trusted execution environment (TEE) abstraction middleware, designed to streamline the deployment and execution of verifiable AI use cases, particularly those involving blockchain. This platform aims to provide a secure, efficient, and scalable foundation for AI-driven solutions, bridging the gap between advanced AI applications and the need for trusted execution.

FLock.io

Venture Round in 2024
FLock.io is a developer of a decentralized platform that focuses on machine learning and data privacy. The company aims to resolve the conflict between the increasing demand for data and the associated risks of data breaches. Its innovative platform utilizes a federated learning approach, leveraging blockchain technology to facilitate coordination among data holders. This system allows machine learning to occur while keeping data local and private, effectively eliminating the need for a central entity to collect and manage data. By empowering users to retain control over their information, FLock.io enables individuals to extract insights from their data and monetize it according to their preferences, all while ensuring privacy and security.

Plume Network

Series A in 2024
Plume Networks is a developer of a blockchain platform focused on onboarding and managing real-world assets (RWAs). The company has established a robust private development network with over 180 projects, facilitating an end-to-end tokenization engine that simplifies the process of asset onboarding. Plume Networks aims to create a seamless integration of decentralized finance (DeFi) applications for RWAs, providing a comprehensive financial infrastructure that enhances liquidity and connects quality buyers with diverse investment opportunities. Through its innovative platform, Plume Networks is positioned to foster a new sector within the DeFi landscape, enabling investors to engage more effectively with 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 Network is a software development company focused on creating web and networking solutions for decentralized computing platforms. It operates an open-source platform that aggregates idle computing resources, facilitating AI development. This platform enables users to build and deploy applications using a collective computing capacity, which is particularly useful for training AI models and hosting them. By providing a GPU network, Hyperbolic Network allows individuals and organizations to run AI interfaces and deploy them without depending on centralized infrastructures, promoting a more distributed and efficient approach to computing in the field of artificial intelligence.

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 is a technology company that specializes in developing and implementing blockchain-based solutions to digitalize and modernize European financial services.

Ammalgam

Seed Round in 2024
Ammalgam is a technology company that specializes in decentralized finance (DeFi). It has developed a unique platform, the Decentralized Lending Exchange (DLEX), which combines lending and trading functionalities into a single protocol. This innovative solution enables users to increase their yield, unlock new utility, and enhance capital efficiency by integrating these services without the need for oracles. The platform allows market makers to provide liquidity to and borrow from the same contract, making it a comprehensive and efficient tool for DeFi participants.

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. The company provides a multichain data solution tailored for decentralized applications (dapps) and developers in sectors such as gaming and decentralized finance (DeFi). Its platform enables the integration of on-chain and off-chain data, allowing users to perform complex analytics in a single query. By transforming major blockchains into advanced databases, Space and Time empowers organizations to achieve enterprise-scale analytics while enhancing the speed and reliability of their data operations.

Stork Network

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

Hyperbolic Network

Seed Round in 2024
Hyperbolic Network is a software development company focused on creating web and networking solutions for decentralized computing platforms. It operates an open-source platform that aggregates idle computing resources, facilitating AI development. This platform enables users to build and deploy applications using a collective computing capacity, which is particularly useful for training AI models and hosting them. By providing a GPU network, Hyperbolic Network allows individuals and organizations to run AI interfaces and deploy them without depending on centralized infrastructures, promoting a more distributed and efficient approach to computing in the field of artificial intelligence.

WeatherXM

Series A in 2024
WeatherXM is a community-driven weather network that offers accurate and hyper-local weather data to businesses in the Web3 sector. By incentivizing weather station owners, the company fosters a decentralized approach to weather data collection. Additionally, it specializes in delivering weather forecasting and analytics services, particularly for the energy sector, by integrating proprietary sensor technology and artificial intelligence. This combination allows WeatherXM to provide clients with enhanced weather insights, facilitating informed decision-making and operational efficiency.

Turnkey

Series A in 2024
Turnkey is a company that specializes in providing scalable wallet infrastructure tailored for crypto developers. Its platform simplifies the management of private keys, allowing developers to create and oversee wallets and facilitate cryptographic transactions across various blockchains. Turnkey's product suite includes features such as fully flexible signing and intuitive security controls, ensuring that users can generate and manage private keys efficiently while maintaining high security standards. The company’s offerings are designed to support a wide range of applications in the cryptocurrency space, making it easier for developers and businesses to build secure and reliable solutions.

Figure Markets

Series A in 2024
Figure Markets is a company focused on transforming private capital markets through the application of blockchain technology. It has developed a digital asset platform that facilitates trading, borrowing, and investing within a unified decentralized environment. This platform provides access to a range of financial instruments, including public equity, fixed-income securities, and alternative investments. By enabling cross-collateralization across various asset classes, Figure Markets allows investors to diversify their portfolios beyond conventional resources, thereby enhancing investment opportunities and efficiency in the 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 specifically designed for managing and monitoring Web3 finance. The platform facilitates essential financial workflows, including reconciliation, balance calculation, audit, and reporting for Web3 assets throughout their lifecycle, from on-ramp to off-ramp. By automating these processes, Tres aims to alleviate the burden of manual spreadsheet work for finance teams, thereby enhancing operational efficiency in the rapidly evolving landscape of digital assets.

Helio

Seed Round in 2023
Helio is a developer of a Web3 payment platform that facilitates secure and convenient merchant payments for the decentralized finance (DeFi) economy. The company offers a solution that allows merchants, decentralized applications (dApps), and creators to accept cryptocurrency payments across multiple blockchain networks. Helio's platform is designed to simplify the payment process by providing APIs, libraries, and plug-ins that enable clients to receive payments quickly and at lower costs, eliminating the need for traditional card transactions. This approach not only ensures instant settlement for merchants but also enhances user privacy and enables frictionless checkouts.

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 developer of an on-chain order book that focuses on creating a decentralized finance (DeFi) protocol within the Aptos ecosystem. The company is dedicated to providing equitable global market access and enhancing composability across various DeFi applications. By establishing a base settlement layer, Econia Labs enables developers and market makers to utilize a shared trading venue, facilitating seamless integration and interaction within the broader blockchain ecosystem. The protocol's design aims to support a diverse range of applications, positioning it as a critical infrastructure component for the evolving 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 San Francisco-based company founded in 2022 that specializes in community customer relationship management (CRM) and analytics. Its platform is designed to assist organizations in recruiting, activating, and engaging users effectively. Blaze's tool automatically tags and categorizes customer support issues, allowing teams to easily identify bugs and prioritize features. It provides a centralized dashboard that consolidates support, sales, and user data, enabling intuitive data exploration for non-technical teams. By uncovering trends and flagging anomalies, Blaze ensures that urgent issues are addressed promptly, facilitating better decision-making for product teams.

OpenFX

modern money movement
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