Figment Capital

Figment Networks Inc. is a leading blockchain infrastructure and software provider based in Toronto, Canada, established in 2018. The company develops and operates an open-source crypto network, focusing on enhancing community engagement through tools that facilitate understanding of network health and performance for informed staking decisions. Figment supports various crypto networks, including Tezos, Cosmos, Livepeer, and Horizen. It offers a comprehensive suite of services, such as enterprise-grade node and staking infrastructure, the Hubble Web 3 explorer, and DataHub developer APIs, aimed at simplifying the use, development, and governance of blockchains for token holders and developers alike. Additionally, Figment publishes open-source software and economic research to further benefit the blockchain community.

Dougie DeLuca

Partner

Ryan Funduk

Co-Founder and Chief Architect

James Parillo

Managing Partner

Mads Pedersen

Partner

Rob Pellecchia

Director of Operations

Past deals in Developer Tools

FastLane

Funding Round in 2025
FastLane is a developer of a platform aimed at enhancing network efficiency and user experience in the blockchain space. The protocol focuses on generating revenue for validators while optimizing the performance of algorithmic traders. It employs ecosystem-friendly MEV relays to minimize transaction spam and bolster network health. This approach not only safeguards user interactions but also boosts the yield of liquid staking derivatives, improving the chances of success for beneficial trading bots. By simplifying the integration of sentry nodes through a single command line, FastLane aims to streamline operations for users and contribute to a more effective and sustainable blockchain environment.

Delta

Pre Seed Round in 2024
Delta is a technology company that develops a layer-1 platform for decentralized applications. Its platform separates transaction ordering and execution from data availability and settlement, providing theoretical advantages over app chains and rollups, and allowing users to maintain full control over their block space and use existing or custom virtual machines.

Valantis Labs

Seed Round in 2024
Valantis Labs operates a decentralized exchange (DEX) platform that equips developers with tools to create custom liquidity infrastructure for blockchain ecosystems. The platform simplifies and accelerates the process, making it more cost-effective and user-friendly. It offers DEXes and on-chain tools, ensuring secure crypto trading and management, and enabling developers to build on-chain liquidity infrastructure swiftly and efficiently.

Initia Labs

Seed Round in 2024
Initia is a network for 0-to-1 omnichain rollups built by fusing a novel L1 with an interwoven application-specific L2 infrastructure system. The Initia Platform provides product ready rollups that enables teams to build scalable and sovereign systems while eliminating the UX complexities end users face when interacting with a modular multi-chain universe. Initia’s ownership of the full tech stack allows for a suite of chain-level mechanisms that align the economic interests across users, developers, L2 app chains, and the L1. Initia's initial launch products include an all-in-one portal for accessing core tools of the ecosystem, a Omnitia-ecosystem focused wallet for navigating between the L2s, a block explorer that supports InitiaVM transactions and developer tooling, and a Market Minitia that allows users to trade NFTs and create AI-generated NFT collections through prompts.

Polymer Labs

Series A in 2024
Polymer Labs is building the fabric of web3. We're working on an IBC based multi-cluster routing/roll-up protocol providing E2E IBC connectivity across ecosystems.

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.

Kurtosis

Seed Round in 2021
Kurtosis is a developer tool system focused on enhancing the experience of building, testing, and running distributed applications in the cryptocurrency sector. Founded in 2020 in Houston, Texas, the company offers software that automates the creation of test environments, allowing developers to simulate outages, malicious behavior, and various unexpected failures. This capability enables developers to rigorously test their codebases before deployment, ultimately reducing development workloads and allowing them to concentrate on core feature work. Kurtosis aims to provide a comprehensive solution for developers working on reliable distributed systems.

Agoric

Agoric is a developer of a framework designed to enhance the programming of smart contracts for the blockchain ecosystem. The platform facilitates the creation and deployment of smart contracts using JavaScript, making it accessible to millions of programmers. By emphasizing composability, Agoric enables rapid development and offers a competitive advantage in creating decentralized applications. Its framework allows for secure execution of transactions, the establishment of new markets, and the creation of innovative exchange patterns without centralized control. The Agoric team comprises experienced technologists, economists, and business leaders who have collaborated on smart contracts technology for over three decades. They aim to revolutionize how smart contracts are developed and utilized, fostering unprecedented global cooperation and enabling entrepreneurs to explore new business opportunities with digital assets. Agoric has partnered with notable projects within the blockchain space and received support from various investors, further solidifying its mission to advance smart contract technology.
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