Figment Networks

Figment Networks develops open-source tools for crypto network health monitoring, enabling informed staking decisions. It focuses on networks like Tezos, Cosmos, Livepeer, and Horizen. Based in Toronto, Canada, the company was founded in 2018.

Ryan Funduk

Co-Founder and Chief Architect

Past deals in Ethereum

Semantic Layer

Seed Round in 2024
Semantic Layer develops a platform aimed at mitigating the adverse effects of miner extractable value (MEV) on users. Its solution enables users to regain control over their MEV, empowering developers to build more resilient decentralized applications.

Renzo Protocol

Series A in 2024
Renzo Protocol operates a liquid restaking token platform designed for DeFi applications. It aims to provide users with additional yield beyond standard Ethereum staking.

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.

EigenLabs

Seed Round in 2022
EigenLabs is a blockchain infrastructure startup that enables the restaking of ETH across various decentralized applications. They also provide developers with access to the Ethereum staked capital base and decentralized validator set. Traditionally, staking requires validators to lock up ETH as a security deposit to engage in the network's consensus mechanism, earning rewards for contributing to network security and validating transactions. However, once ETH is staked, it is generally immobilized until withdrawn, restricting validators from utilizing these assets elsewhere. EigenLayer aims to tackle this challenge by allowing staked ETH to be restaked across diverse decentralized applications and services without removing it from the original consensus mechanism.

Gasp

Venture Round in 2022
A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.

Phi Labs

Seed Round in 2022
Phi Labs is a company dedicated to developing blockchain tools and protocols that empower developers, creators, and entrepreneurs. It contributes to the Archway protocol, which incentivizes blockchain developers for their contributions. With a global team of web pioneers, Phi Labs focuses on creating open-source solutions that enhance the accessibility of application development, fostering innovation within the blockchain ecosystem. Through its efforts, the company aims to simplify the process of building decentralized applications, thus supporting the growth of the blockchain community.

Stader Labs

Venture Round in 2022
Stader Labs specializes in developing decentralized financial protocols and applications focused on efficient stake management across public blockchain networks. The company aims to serve as a distribution layer for staking, creating protocols and products that enhance the security, decentralization, liquidity, and governance of prominent delegated proof-of-stake blockchain networks, including Ethereum, Terra, Polygon, and Solana. By providing sustainable staking yields from digital assets, Stader Labs seeks to optimize the staking experience for its users and contribute to the overall health of the blockchain ecosystem.

FairSide Network

Seed Round in 2021
FairSide Network is a blockchain-based platform offering insurance coverage for cryptocurrency users. It provides provably fair claims and blanket coverage up to 100 ETH, allowing investors to mitigate risks at an affordable one-time charge.

Qredo

Initial Coin Offering in 2021
Qredo Ltd is a London-based company that operates a platform designed to facilitate the secure and efficient movement of digital assets for institutional traders. Established in 2011, Qredo provides an open protocol and decentralized, multi-party computation network that enhances the security and custody of digital assets. Its solutions address the operational challenges and security risks associated with wallet key management, trading, storage, and transfer of these assets. By offering features such as cross-chain liquidity, treasury management tools, and peer-to-peer trading venues, Qredo aims to streamline the digital asset management process while mitigating cyber threats.

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.

Agoric

Agoric is a framework facilitating secure smart contract development in JavaScript. It aims to enable widespread global cooperation and new digital asset businesses by providing safer tools for smart contract creation. Agoric's team comprises experienced technologists, economists, and business leaders, collaborating with notable projects like Cosmos.
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