Fulgur Ventures

Fulgur Ventures is a venture capital investment firm established in 2019 and located in Wilmington, Delaware. The firm focuses on investing in emerging sectors such as consumer wallets and applications, gaming, media, entertainment, and financial infrastructure. Fulgur Ventures believes in the potential of Bitcoin as a politically neutral monetary system and actively supports the development of the Lightning Network to enhance decentralized finance. With decades of experience in building and scaling businesses, the firm provides essential support to startups through investments ranging from $50,000 to $200,000 for pre-seed stages, as well as advisory and mentoring services. Additionally, Fulgur Ventures assists startups in navigating the complex legal and regulatory landscape of cryptocurrency, ensuring alignment with evolving industry standards and best practices.

Oleg Mikhalsky

Partner

Past deals in Bitcoin

Meanwhile

Series A in 2025
Meanwhile is an innovative insurance company that specializes in Bitcoin, operating as the first long-term insurer to offer products entirely denominated in digital assets. Regulated by the Bermuda Monetary Authority, Meanwhile accepts premiums and pays claims in Bitcoin, ensuring that all financial activities, including reserves and audits, are conducted in the same currency. Its flagship product is a whole life insurance policy tailored for individuals planning to hold Bitcoin long-term, facilitating intergenerational wealth creation and transfer. This tax-efficient product guarantees growth in Bitcoin terms, allows for liquidity through lending, and is straightforward to set up. Users can pay premiums in ten installments and designate beneficiaries to receive a fixed payout upon their death. Additionally, as the policy accumulates value, clients can access tax-free loans against their policy. Meanwhile leverages advanced technology, including AI, for underwriting and claims processing, aiming to create a transparent and efficient end-to-end insurance system.

Jan3

Seed Round in 2025
Jan3 is a company dedicated to advancing the adoption of Bitcoin through innovative technologies that promote financial freedom globally. Its mission centers on accelerating the process of hyperbitcoinization, with the belief that Bitcoin can address various societal challenges. Jan3 develops tools designed for individuals, autonomous regions, and sovereign nations, facilitating their engagement with a decentralized financial system. By focusing on expanding access to Bitcoin and enhancing second-layer technologies, Jan3 aims to empower users to fully leverage the benefits of a free and open financial ecosystem based on Bitcoin.

Bipa

Seed Round in 2024
Bipa is a company that facilitates the buying and selling of Bitcoin, enabling customers to engage in transactions starting from R$1 using Pix and the Lightning Network. It has developed a digital account application that integrates Bitcoin with traditional banking systems. The application offers various features, including the ability to create and pay invoices, transfer satoshis from both the Bitcoin and Lightning networks, and provides financial information and services without withdrawal fees. Bipa aims to enhance user experience and accessibility in the cryptocurrency market through its innovative technology and convenient service offerings.

Blockstream

Convertible Note in 2024
Blockstream is a prominent blockchain technology supplier that focuses on enhancing Bitcoin and blockchain functionality through innovative products and services. The company develops interoperable blockchain technologies, particularly sidechains, which facilitate faster and more confidential transactions. Its notable offerings include Blockstream Satellite, a service that broadcasts the Bitcoin blockchain via satellite for users without internet access, and the Liquid Network, designed to improve transaction efficiency. Additionally, Blockstream provides the Green Wallet, a non-custodial Bitcoin wallet emphasizing security and user control. The company also offers blockchain APIs for developers, enabling the integration of blockchain capabilities into various applications, as well as solutions for efficient Bitcoin mining operations. By leveraging advanced cryptographic techniques, Blockstream aims to enhance privacy and security in transactions, ultimately contributing to the evolution of the financial infrastructure.

Ark Labs

Pre Seed Round in 2024
Ark Labs is scaling Bitcoin with Ark, a new layer two protocol for fast, low-cost, seamless payments.

Elysium

Pre Seed Round in 2024
Elysium Lab is a pioneering startup specializing in on-chain multifactor authentication technology. Their core product is a secure, keyless digital wallet for managing and protecting Bitcoin and stablecoin assets. This wallet ensures users maintain full ownership and control over their assets while providing robust security against theft or loss. The company's innovative onboarding algorithm simplifies the self-custody process, enabling users to manage and trade assets with ease. Elysium Lab's technology is designed to be modular and agnostic, making it adaptable for use within various decentralized applications and self-custody solutions.

Elysium

Grant in 2024
Elysium Lab is a pioneering startup specializing in on-chain multifactor authentication technology. Their core product is a secure, keyless digital wallet for managing and protecting Bitcoin and stablecoin assets. This wallet ensures users maintain full ownership and control over their assets while providing robust security against theft or loss. The company's innovative onboarding algorithm simplifies the self-custody process, enabling users to manage and trade assets with ease. Elysium Lab's technology is designed to be modular and agnostic, making it adaptable for use within various decentralized applications and self-custody solutions.

AMBOSS

Seed Round in 2023
AMBOSS is a company that has created a lightning liquidity platform aimed at safeguarding buyers and sellers through user-friendly smart contracts and reputation functionalities. The platform developed by the company includes a lightning network explorer and data analytics tool that present clients with information about their connections and payment capabilities. By identifying nodes to initiate payment agreements, the platform offers intuitive data displays to assist clients in efficiently organizing the market on the bitcoin lightning network.

Relai

Seed Round in 2023
Relai is a mobile application that facilitates the buying and selling of bitcoin for users in Europe. The app is designed to simplify cryptocurrency investment by allowing transactions without the need for registration, verification, or deposits, thus safeguarding users' personal information. It offers a non-custodial bitcoin wallet, which ensures that users maintain complete control over their funds. Additionally, Relai features an auto-invest option that adheres to high-security standards, making it accessible for anyone looking to invest in bitcoin efficiently and securely.

Blockstream

Convertible Note in 2023
Blockstream is a prominent blockchain technology supplier that focuses on enhancing Bitcoin and blockchain functionality through innovative products and services. The company develops interoperable blockchain technologies, particularly sidechains, which facilitate faster and more confidential transactions. Its notable offerings include Blockstream Satellite, a service that broadcasts the Bitcoin blockchain via satellite for users without internet access, and the Liquid Network, designed to improve transaction efficiency. Additionally, Blockstream provides the Green Wallet, a non-custodial Bitcoin wallet emphasizing security and user control. The company also offers blockchain APIs for developers, enabling the integration of blockchain capabilities into various applications, as well as solutions for efficient Bitcoin mining operations. By leveraging advanced cryptographic techniques, Blockstream aims to enhance privacy and security in transactions, ultimately contributing to the evolution of the financial infrastructure.

Breez

Venture Round in 2022
Breez is a developer of a cryptocurrency wallet that facilitates simple, fast, and secure bitcoin transactions. Utilizing the Lightning Network, Breez aims to transform bitcoin into a practical currency for everyday commerce. The company's wallet enhances the functionality of blockchain technology, allowing users to accept and make payments seamlessly. By prioritizing user experience and transaction efficiency, Breez positions itself as a forward-thinking solution in the evolving landscape of digital currency.

Neutronpay

Seed Round in 2022
Neutronpay operates a payment gateway platform that facilitates real-time, secure, and user-friendly transactions. Its key feature is seamless integration with the Bitcoin Lightning Network, allowing businesses to accept and send payments risk-free, eliminating concerns about fraud and chargebacks. This includes support for money transfers, online payments, and cross-border transactions.

The Bitcoin Company

Seed Round in 2022
The Bitcoin Company is dedicated to enhancing the financial experience for users by leveraging Bitcoin technology. It is developing a user-friendly super-app that integrates traditional financial tools with innovative Bitcoin services, aimed at providing a seamless transition from conventional banking. The company's initial offering is a bitcoin rewards program that allows users to purchase gift cards and link credit cards, earning Bitcoin rewards on everyday transactions. Additionally, the platform is designed to facilitate various financial activities, including learning about Bitcoin, earning, spending, saving, borrowing, and purchasing Bitcoin, all within a single ecosystem. By combining these services, The Bitcoin Company aims to make Bitcoin more accessible and convenient for everyone, positioning itself as a comprehensive financial solution.

IBEX Mercado

Seed Round in 2022
Ibex Mercado is a platform or financial operator for payment systems. Their service is a brokerage web platform for investors can buy and sell bitcoins, IBEXPAY is a web-based bitcoin payment platform, and bitcoin lightning payment infrastructure is a service. Ibex Mercado offers a service and trading systems based on stable and advanced proprietary technology.

Relai

Seed Round in 2022
Relai is a mobile application that facilitates the buying and selling of bitcoin for users in Europe. The app is designed to simplify cryptocurrency investment by allowing transactions without the need for registration, verification, or deposits, thus safeguarding users' personal information. It offers a non-custodial bitcoin wallet, which ensures that users maintain complete control over their funds. Additionally, Relai features an auto-invest option that adheres to high-security standards, making it accessible for anyone looking to invest in bitcoin efficiently and securely.

Voltage

Seed Round in 2022
Voltage is a Bitcoin infrastructure provider. It adds enterprise-grade capabilities to both Layer 1 and Layer 2 technologies. It provides Bitcoin-centric infrastructure to engineering teams, enabling enterprise-grade experiences. Users benefit from the fastest and most scalable Lightning solution that meets the highest security and privacy standards by leveraging Voltage. Users can build, deploy, and scale faster than ever before with modern modular tools and processes. Voltage brings to market a suite of node, liquidity, and data services that elevates your value proposition via Lightning Network architecture.

Scarce City

Seed Round in 2021
Scarce City is a marketplace dedicated to promoting Bitcoin adoption through a cultural lens by facilitating the sale of Bitcoin-related artworks. Utilizing Bitcoin technology, the company aims to streamline the auction process by reducing costs and enhancing the overall coherence of its platform. This allows buyers to participate in online auctions with ease, even in under-collateralized scenarios. Through its innovative approach, Scarce City seeks to create a vibrant community around Bitcoin and its associated artistic expressions.

Galoy

Seed Round in 2021
Galoy is a developer of financial software focused on enabling communities and institutions to provide financial services using Bitcoin. The company offers an open-source Bitcoin banking platform that includes a secure backend API, mobile wallets, point of sale applications, compliance tools, and administrative controls. Galoy’s platform allows various communities to organize themselves as Bitcoin banks, facilitating the creation of tools that connect traditional payment networks with Bitcoin's Lightning Network. One notable implementation of Galoy’s technology is the Bitcoin Beach Wallet, which contributed to establishing a circular Bitcoin economy and played a role in the adoption of Bitcoin as legal tender in El Salvador.

Umbrel

Seed Round in 2021
Umbrel provides a personal server with a Bitcoin and Lightning node at home.

GoSats

Seed Round in 2021
GoSats is a company focused on facilitating bitcoin investment in India through a user-friendly platform. It enables individuals to earn bitcoin cashback when they shop with partnered merchants, allowing them to passively accumulate bitcoin as part of their everyday purchasing activities. By integrating shopping with investment, GoSats aims to simplify the process of becoming a bitcoin investor, thereby creating new bitcoin enthusiasts daily. The platform serves as an innovative solution for those looking to enter the cryptocurrency market without needing extensive knowledge or experience.

Relai

Series A in 2021
Relai is a mobile application that facilitates the buying and selling of bitcoin for users in Europe. The app is designed to simplify cryptocurrency investment by allowing transactions without the need for registration, verification, or deposits, thus safeguarding users' personal information. It offers a non-custodial bitcoin wallet, which ensures that users maintain complete control over their funds. Additionally, Relai features an auto-invest option that adheres to high-security standards, making it accessible for anyone looking to invest in bitcoin efficiently and securely.

Foundation

Pre Seed Round in 2021
Foundation Devices builds the open hardware foundation for Bitcoin and the sovereign Internet. They started Foundation Devices to make beautifully designed, open-source hardware for Bitcoin and the decentralized Internet. To bring great design and UX to hardware wallets, nodes, and more. To empower individuals to securely use and store Bitcoin while maintaining their sovereignty. To help our industry cross the chasm while staying true to its founding ideals. We call this open hardware. And we are excited to bring it to the world!

Bitrefill

Funding Round in 2021
Bitrefill is a cryptocurrency-focused company that specializes in offering gift cards and prepaid mobile refills to customers and businesses worldwide. Founded in 2014 and headquartered in Stockholm, Sweden, Bitrefill provides access to over 1,600 products across 170 countries through its API, facilitating a seamless shopping experience without the need for registration or login. The company aims to enable users to utilize bitcoin as a practical currency for everyday transactions, ensuring a fraud-proof method for living on cryptocurrency. With a commitment to innovation, Bitrefill integrates advanced payment options, including the Lightning Network, to enhance the efficiency of its services.

Foundation

Angel Round in 2020
Foundation Devices builds the open hardware foundation for Bitcoin and the sovereign Internet. They started Foundation Devices to make beautifully designed, open-source hardware for Bitcoin and the decentralized Internet. To bring great design and UX to hardware wallets, nodes, and more. To empower individuals to securely use and store Bitcoin while maintaining their sovereignty. To help our industry cross the chasm while staying true to its founding ideals. We call this open hardware. And we are excited to bring it to the world!

LN Markets

Pre Seed Round in 2020
LN Markets is a company founded in 2019 and based in France, specializing in a trading platform for Bitcoin derivatives. The platform leverages the Lightning Network to facilitate faster and more efficient transactions, allowing traders to respond quickly and move funds with minimal delays. By enabling direct trading from any network wallet, LN Markets aims to streamline the trading process and reduce the costs associated with traditional on-chain transactions. This innovative approach positions LN Markets as a relevant player in the cryptocurrency trading space, catering to the growing demand for efficient and effective trading solutions.

Satsback.com

Pre Seed Round in 2020
Satsback.com is an online shopping platform that enables customers to earn bitcoin as cashback rewards for their purchases. By utilizing this platform, users receive fractions of a bitcoin instantly upon eligibility for withdrawal, allowing for immediate access to their rewards. Satsback.com aims to empower its customers by providing them with control over their savings, facilitating an innovative way to earn free bitcoin while shopping online.

Graaf One

Pre Seed Round in 2020
Graaf One is a Canadian company that operates as a pioneering Lightning Network brokerage, facilitating the purchase of Bitcoin in a swift and cost-effective manner. Its platform leverages advanced lightning network technology to enable efficient and scalable peer-to-peer micro-payments for buying and selling cryptocurrencies. This innovative approach allows clients to manage their cryptocurrency transactions seamlessly, whether they choose to conduct transactions independently or with the assistance of a specialist. By prioritizing user experience, Graaf One aims to simplify the complexities of cryptocurrency trading for its customers.

Button Wallet

Seed Round in 2019
Button Wallet is a messenger-based software solution designed for trading and purchasing digital assets, primarily built on the Telegram platform. It offers a client-side application that emphasizes decentralization, usability, and security. Targeting users who wish to manage shared expenses, Button facilitates seamless transactions among friends for activities such as dining out or sharing accommodation costs. Users can send funds using only Telegram usernames, making it accessible and user-friendly. Since its launch in late 2018, Button Wallet has attracted approximately 150,000 users. The wallet supports a variety of cryptocurrencies, including Bitcoin, Ethereum, and multiple ERC-20 tokens, allowing users to hold and exchange digital assets easily. In the U.S., users can purchase cryptocurrency with fiat money, and the integration of Wyre allows quick verification for debit card transactions, often within an hour. Button Wallet is committed to evolving its financial technology to empower users to manage both fiat and digital assets effectively, maintaining user control and security through a streamlined interface.

ZEBEDEE

Seed Round in 2019
Zebedee, Inc., established in 2019 and based in Hoboken, New Jersey, specializes in integrating Bitcoin and Lightning Network support into digital gaming environments. Its platform, ZEBEDEE, enables game developers to facilitate in-game microtransactions using Bitcoin, allowing players to send, receive, and store limited quantities of the cryptocurrency within their games. This fosters a seamless, frictionless exchange of value between players, developers, streamers, and watchers, powering digital economies within these gaming environments.

Fold

Seed Round in 2019
Fold, Inc. is a financial technology company based in San Francisco, California, that offers a platform enabling users to earn bitcoin as cashback when shopping at various retailers. Founded in 2014 and rebranded in 2018, Fold operates an application that integrates personal finance management with Bitcoin, allowing users to buy, sell, and manage both Bitcoin and traditional currency seamlessly. The platform allows users to sync their credit or debit cards or transfer Bitcoin from their wallets to purchase digital gift cards, with the added benefit of earning up to 1.5% cashback on eligible transactions. Fold also caters to premium members by providing a no-fee transaction experience, making it an attractive option for cryptocurrency enthusiasts. Additionally, the company facilitates the conversion of retail gift cards into cryptocurrency, enhancing the usability of Bitcoin in everyday purchases.

Coinmiles

Seed Round in 2019
Coinmiles is a developer of an advanced Bitcoin-based reward application that offers users cashback in the form of Bitcoin when shopping online or in-store at over 1,000 brands, as well as when traveling at more than 900,000 hotels worldwide. The platform aims to create a comprehensive ecosystem that not only rewards consumers but also assists brands in managing and advertising their loyalty programs. By facilitating partnerships between users and brands, Coinmiles enhances user acquisition and engagement, allowing shoppers to convert their Bitcoin rewards into cash as needed. The company continues to innovate and expand its offerings within the cryptocurrency reward space.

Amber

Seed Round in 2019
Amber is a bitcoin accumulation app. They believe that preserving wealth is done with an intelligent and sensible long-term approach.

Vaultoro

Seed Round in 2019
Vaultoro Limited, established in London in 2014 by Joshua and Philip Scigala, operates a fintech platform specializing in digital assets and commodities trading. The company facilitates the storage and investment of physical allocated gold, bitcoin, Ethereum, and other assets through its secure, fast, and low-premium trading software. Vaultoro aims to democratize access to the gold market by enabling users to buy and sell allocated gold with ease, regardless of their financial background.

Breez

Seed Round in 2019
Breez is a developer of a cryptocurrency wallet that facilitates simple, fast, and secure bitcoin transactions. Utilizing the Lightning Network, Breez aims to transform bitcoin into a practical currency for everyday commerce. The company's wallet enhances the functionality of blockchain technology, allowing users to accept and make payments seamlessly. By prioritizing user experience and transaction efficiency, Breez positions itself as a forward-thinking solution in the evolving landscape of digital currency.

Lastbit

Seed Round in 2019
Lastbit SIA, founded in 2018 and based in Riga, Latvia, operates in the cryptocurrency sector by providing bitcoin wallet and debit card services. The company is developing a global payment network that utilizes the Bitcoin Lightning Network, allowing users to make instant payments with low fees. Its minimum viable product in Europe includes mobile applications that offer debit cards and IBANs, facilitating transactions in both Bitcoin and Euros. Additionally, Lastbit offers Lastbit Go, which enables users to make daily purchases using cryptocurrency.

Bitrefill

Seed Round in 2019
Bitrefill is a cryptocurrency-focused company that specializes in offering gift cards and prepaid mobile refills to customers and businesses worldwide. Founded in 2014 and headquartered in Stockholm, Sweden, Bitrefill provides access to over 1,600 products across 170 countries through its API, facilitating a seamless shopping experience without the need for registration or login. The company aims to enable users to utilize bitcoin as a practical currency for everyday transactions, ensuring a fraud-proof method for living on cryptocurrency. With a commitment to innovation, Bitrefill integrates advanced payment options, including the Lightning Network, to enhance the efficiency of its services.

Lightning.Video

Pre Seed Round in 2019
Lightning Video is leveraging Bitcoin's Lightning Network and WebTorrent to fix the incentives around content platforms. Creators can monetize their content frictionlessly, to international audiences, saving 97% on fees, all without answering to the ad networks.

Graaf One

Pre Seed Round in 2019
Graaf One is a Canadian company that operates as a pioneering Lightning Network brokerage, facilitating the purchase of Bitcoin in a swift and cost-effective manner. Its platform leverages advanced lightning network technology to enable efficient and scalable peer-to-peer micro-payments for buying and selling cryptocurrencies. This innovative approach allows clients to manage their cryptocurrency transactions seamlessly, whether they choose to conduct transactions independently or with the assistance of a specialist. By prioritizing user experience, Graaf One aims to simplify the complexities of cryptocurrency trading for its customers.

Bitlum

Pre Seed Round in 2019
Bitlum is a company founded in 2017 and headquartered in Burlington, Massachusetts, specializing in the development of online bitcoin wallets. The firm focuses on building applications utilizing the Bitcoin Lightning Network, which allows for faster and more cost-effective transactions. One of its notable products is Zigzag, an instant cryptocurrency exchange that supports the Lightning Network. This platform enables users to execute nearly instant asset exchanges without the need for user registration, mitigating the typical high fees associated with blockchain transactions by employing payment channels. Through these innovations, Bitlum aims to enhance the accessibility and efficiency of cryptocurrency transactions.
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