Lemniscap

Lemniscap is a venture capital firm founded in 2017 and based in George Town, Kentucky. The firm specializes in investments in emerging cryptoassets and blockchain companies, focusing on the dynamic and evolving landscape of the cryptocurrency sector. In addition to its venture capital activities, Lemniscap manages a hedge fund that utilizes a long/short equity investment strategy. The firm is dedicated to identifying and supporting innovative projects within the blockchain ecosystem.

Roderik Van der Graaf

Co-Founder and Director, Managing Partner

Shaishav Todi

General Partner

Past deals in Blockchain

DeCharge

Seed Round in 2025
DeCharge is focused on creating a global energy network designed to support the charging needs of electric vehicles, drones, and emerging technologies. The company has developed a blockchain protocol that enhances the electric vehicle charging ecosystem by facilitating payments and providing incentives for stakeholders. This innovative software aims to improve access to charging infrastructure, contributing to a more efficient and interconnected energy system. Through its efforts, DeCharge seeks to promote sustainable energy solutions and foster a collaborative environment for businesses and users alike.

Memes Lab

Seed Round in 2025
Memes Lab is a multi-level meme infrastructure on TON, integrated with Telegram Stars, which allows users to purchase meme coins without a wallet.

Cytonic

Seed Round in 2024
Cytonic is a technology company specializing in the development of a multi-virtual-machine blockchain platform. This platform is designed to integrate and process transactions from diverse networks such as Bitcoin, Ethereum, and Solana simultaneously in a single block, facilitating efficient cross-chain transactions.

Nitro Labs

Seed Round in 2024
Termina is a powerful platform designed to streamline the deployment of Solana blocks through an integrated engine for the Solana Virtual Machine (SVM)

Hyve

Seed Round in 2024
Hyve is a high-throughput data availability solution designed for high-performance decentralized applications and networks.

Puffpaw

Seed Round in 2024
PuffPaw is a technology-driven company specializing in the production of electronic cigarettes. It leverages blockchain technology to monitor and incentivize consumer vaping habits, offering a unique 'vape-to-earn' platform that rewards users with cryptocurrency for their vaping activities, thereby promoting healthier lifestyle choices within the vaping community.

Dora

Seed Round in 2024
Dora is a block explorer that is building a cross chain search engine. The company uses human readability at all levels of complexity in conjunction with a modular infrastructure to serve as the human layer to the chains, bridges, and DApps.

Irys

Seed Round in 2024
The world's first programmable datachain, where data doesn't just exist; it becomes active, fluid, valuable across applications. And it's this evolution—from passive to programmable—that marks the true primitive.

Legitimate

Seed Round in 2024
Legitimate specializes in enhancing the retail customer experience by integrating physical products with digital engagement. By utilizing a protocol built on blockchain technology, the company connects near-field communication with secure encryption to create a transparent and immutable digital ledger. This innovative approach allows businesses to demonstrate product traceability, combat counterfeit goods, and provide customers with authentic verification of their purchases. Through this platform, Legitimate fosters immersive brand experiences that seamlessly blend physical and digital interactions, enabling consumers to shop with confidence and access reliable product information.

Fjord Foundry

Seed Round in 2024
Fjord Foundry is a community-focused platform designed to connect creative projects with enthusiastic backers. It employs Liquidity Bootstrapping Pools (LBPs) to facilitate interactions between projects and supporters, offering a fair and transparent price discovery mechanism for generating liquidity and distributing digital tokens. This approach allows projects to mitigate the negative effects of large investors and automated trading bots, ensuring a level playing field for all participants. By providing seamless access to liquidity, Fjord Foundry empowers projects while fostering a supportive community environment.

Zeus Network

Seed Round in 2024
Zeus Network is a cutting-edge and permissionless communication layer platform that connects connects Solana and Bitcoin.

Cosmology

Seed Round in 2024
Cosmology operates a development platform designed to streamline the creation and deployment of decentralized applications (dApps) within the interchain ecosystem, which encompasses multiple blockchains. Their platform provides tools such as low-level encoding and signing, user interfaces, and wallet adapters, aiming to simplify the process for Web2 developers to transition into Web3 development.

Stackr

Seed Round in 2023
Stackr Labs is a company focused on developing app-specific rollups on the Ethereum blockchain, utilizing web2 programming languages. It aims to create standalone customizable applications that leverage the benefits of rollups for distributed computing. By specializing in the efficient integration of off-chain data sources, such as social graphs, user credit scores, and KYC and identity systems, Stackr Labs enables users to access and utilize data seamlessly. The company's innovative approach seeks to unlock the potential of rollups, enhancing the functionality and performance of decentralized applications.

Fairblock

Pre Seed Round in 2023
Fairblock is a technology company specializing in zero-knowledge (ZK) cryptography. It develops infrastructure that enables privacy before transaction execution and conditional decryption, allowing users to set conditions for decryption and execution of their encrypted transactions. The company employs advanced cryptographic schemes like identity-based encryption, witness encryption, and fully homomorphic encryption (FHE) to facilitate decentralized verification of conditions and generation of decryption keys.

Stroom

Seed Round in 2023
Stroom Network is a technology company that develops a financial protocol platform. This platform enables Bitcoin holders to earn Lightning routing fees by participating in the Bitcoin Lightning Network, a layer-2 solution on top of Bitcoin. Additionally, users can optionally harvest extra yield in Ethereum's decentralized finance (DeFi) ecosystem, allowing them to earn revenue from the Lightning Network without locking up their Bitcoin or maintaining their own node infrastructure.

Sort

Seed Round in 2023
Sort is a developer of a Web3 development platform that offers a user-friendly interface for exploring databases and managing queries, similar to a spreadsheet. The platform facilitates UI development on Ethereum and Polygon, enabling developers to integrate data from smart contracts into decentralized applications with minimal coding. Additionally, Sort serves as a data collaboration tool for small teams, allowing them to share and enhance their data effectively. Users can begin their projects by entering a contract address, granting them access to a comprehensive toolkit tailored for that specific contract.

Webb Protocol

Seed Round in 2023
Webb Protocol is a multi-chain privacy technology that allows assets to be transferred across blockchain protocols while ensuring financial anonymity. We incentivize privacy creation through innovative economic design and aim to become the most decentralized privacy system imaginable.

Open Dollar

Seed Round in 2023
Borrow against Liquid Staking Tokens & Arbitrum native assets with our flexible and transparently over-collateralized stablecoin

Gateway.fm

Seed Round in 2023
Gateway.fm operates a decentralized blockchain infrastructure that supports a globally distributed, multi-chain architecture. The company provides a multi-chain gateway and regionally dispersed enterprise infrastructure, which allows Web3 projects to scale efficiently. By utilizing Gateway.fm's services, these projects can avoid the resource-intensive process of setting up and maintaining their own servers, enabling them to focus on development and growth.

Monad

Seed Round in 2023
MONAD is a proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability.

Wield Labs

Pre Seed Round in 2023
Wield Labs operates a crypto-based platform designed to make exploration in the cryptocurrency space engaging and accessible. By offering a range of interactive crypto games, the company aims to simplify the complexities of cryptocurrency, enhancing understanding for users. Wield Labs focuses on creating a safe environment for customers to navigate and participate in the crypto ecosystem, allowing them to engage with digital currencies in a more enjoyable and informative manner.

t3rn

Private Equity Round in 2022
t3rn is a blockchain-based hosting platform founded in 2020 and based in Lisbon, Portugal. The company focuses on providing fast, secure, and cost-efficient solutions for cross-chain executions by utilizing its modular stack for storage, validation, settlement, and consensus. Its platform allows for interoperable execution and composable collaboration, featuring smart contracts stored in a public registry that can be accessed by any user. Developers who contribute to this open-source repository have the opportunity to receive compensation whenever their smart contracts are utilized, promoting an ecosystem that rewards innovation and collaboration within the blockchain community.

Fluidity Money

Seed Round in 2022
Fluidity Money is a blockchain incentive platform that rewards users with yields for using their cryptocurrency. It seeks to solve DeFi's utility problem by introducing a novel incentive mechanism that rewards users for on-chain transactions. Users can wrap stablecoins in Fluidity in exchange for the fluid counterpart of that stablecoin. This can be USDC, for example, which becomes fUSDC. This works with a variety of stablecoins, including DAI, USDT, and Frax. The yield distributed via transactions is derived from lending out the underlying assets on money markets. When USDC is wrapped, fUSDC is created, and the principal is lent out.

Paragraph

Pre Seed Round in 2022
Paragraph is a Web3-native publishing platform founded in 2021 that focuses on empowering content creators, curators, and community builders within the creator economy. The platform enables users to sign up using wallets or email addresses, facilitating the distribution of token-gated newsletters and NFT drops. By leveraging web3 social networks, such as Farcaster, Paragraph allows users to engage with discussions and seamlessly integrate their web3 social followers into their newsletters. This innovative approach helps web3 writers, decentralized autonomous organizations (DAOs), and NFT communities to monetize their content effectively, enhancing their earning potential while fostering a sense of ownership over their communities.

RedStone

Seed Round in 2022
RedStone is a next-generation cross-chain data oracle that specializes in providing pricing data for financial protocols. The company develops modular oracles that deliver data feeds compatible with both layer 1 and layer 2 blockchains, including rollups-as-a-service (RaaS) solutions. RedStone's offerings include liquid staking tokens and liquid restaking tokens, as well as an online decentralized finance platform designed to utilize blockchain's permanent storage capabilities. This platform supports cross-chain data services while ensuring an audit trail, which enhances transparency and reliability. Additionally, RedStone enables decentralized finance providers to implement automatic dispute mechanisms, bolstered by insurance through staking, thereby facilitating more secure and efficient transactions.

dWallet Labs

Pre Seed Round in 2022
dWallet Labs is a developer of a cybersecurity platform that specializes in blockchain technology. The company focuses on creating trustless access control solutions that enhance both offensive and defensive cybersecurity measures. Its platform provides a secure, programmable, and decentralized access layer for web3, utilizing dynamic wallets to sign transactions across various blockchain networks. By implementing universally adopted signing algorithms, dWallet Labs enables organizations to revolutionize the way digital assets are stored, utilized, and accessed, effectively bridging the gap between digital assets and the real world with a fully decentralized layer of dynamic and stateful access control.

Flowdesk

Series A in 2022
Flowdesk is a regulated digital asset trading and technology firm based in France, specializing in market making, over-the-counter (OTC) services, and treasury management. Registered as a Digital Asset Service Provider, the company is authorized by the French Financial Markets Authority for various digital asset services, including custody, trading, and the conversion of digital assets to legal tender. Flowdesk develops compliant trading and liquidity infrastructure that blends expertise from traditional financial markets with advanced knowledge of algorithmic trading and cryptocurrency. Its platform offers market-making technologies for both spot and derivatives markets, alongside liquidity solutions for exchanges and digital asset projects. This enables clients to access trading infrastructure tailored for institutional-grade operations.

SithSwap

Seed Round in 2022
SithSwap is a next-generation automated market maker (AMM) operating on StarkNet, designed to facilitate instant swaps between volatile and stable assets. It offers a user-friendly trading experience with ultralow slippage and near-zero fees, ensuring that transactions are both efficient and cost-effective. The platform features stable and volatile trading pairs similar to those found on Uniswap V2, with configurable trading fees and no administrative charges. Additionally, SithSwap incorporates built-in flash loans and maintains the security standards of Ethereum, providing a reliable environment for traders. Users can also earn incentives through voting power, allowing them to influence future protocol emissions.

CreatorOS

Series A in 2022
We build tools that allows enterprises verify information about a user *before* processing it - whether it is processed by a human or an AI agent. Traditionally, these verifications including but not limited to background checks cost ~$10. Using our advancements in AI and Cryptography, we're able to send that cost to a few cents. This enables enterprises to do verification at scale, earlier in their work-flows, and enables new kinds of businesses - which were not performing these verifications because of prohibitively high costs. For example, it makes no sense that a recruiter does a candidate's document verification and background checks AFTER the candidate has cleared all the interviews. That's because that verification is cumbersome and expensive. They can't afford to verify all the candidates at the top of the funnel. Many such workflows are ripe for disruption. Another example of a product that was not possible before. A dating app uses our tools to verify the users' information - including their employment, education and financial background. This was something that would have been too expensive to verify at a $10 pricepoint where the ARPU is only $8. Not only that, we're designing the tools ground up - so that AI agents can utilize these verifications before ingesting information, so that they take action basis truthful information. We have 3 tools 1. BlueCheck : our flagship product for background verification. The cheapest option to verify users' employment, education and financial background. A few cents instead of a few tens of dollars. Several Billion Dollar+ revenue companies are customers. A solution designed for enterprises that works out of the box! 2. Reclaim Protocol : our underlying infrastructure that makes BlueCheck possible. With advancements in cryptography, specifically zero knowledge proofs - our research over the last 3 years have resulted in inventing a new cryptographic primitive called zkTLS, which allows us to verify information from any website using the cryptography of the existing internet pipes (TLS). This is our secret sauce! 3. Questbook : our dog-fooding tool. Questbook is a tool to give out research and open source software development grants. These grants are reviewed by AI agents that we built inhouse. The biggest scam people try is to fake who they are when they are applying for grants. We dog-food our own tools to make sure we verify all the claims the users are making when they apply for grants. Our tools secure more than $10M of grants being given out on the platform. So it's high stakes, and it works!

Encode Club

Seed Round in 2022
Encode Club is a blockchain education platform founded in 2019 by Damir Bandalo and based in London. The company specializes in providing educational services that aim to cultivate the next generation of blockchain professionals. Encode Club offers a variety of programs, including events, workshops, hackathons, accelerators, and boot camps, designed to support ambitious individuals in achieving their personal and professional goals. By collaborating with leading protocols in the cryptocurrency space, the platform equips participants with the necessary skills and knowledge to secure employment or raise funding in the rapidly evolving blockchain industry.

Certora

Series B in 2022
Certora specializes in providing advanced technology designed to enhance security in software development, particularly for blockchain applications. The company offers a digital asset issuance platform that automatically detects security vulnerabilities both prior to deployment and during operation. Its technology checks smart contracts at compile-time, ensuring that all executions comply with established security rules. By generating mathematical proofs of correctness, Certora guarantees the absence of security vulnerabilities for defined software properties. This independent and language-agnostic approach allows clients to effectively manage security verification without the risk of false interruptions, thus improving the overall integrity of their digital assets.

Trisolaris

Seed Round in 2022
Trisolaris is a community-owned decentralized exchange (DEX) that aims to provide a seamless trading experience while minimizing drawbacks commonly associated with traditional exchanges. The platform is designed for fast settlement and low transaction fees, making it accessible for users. Additionally, Trisolaris incorporates a democratic governance process, allowing the community to participate in decision-making. The DEX facilitates cross-chain swaps and provides enhanced tools and analytics, catering to clients looking for improved infrastructure in the decentralized finance space.

Burrow

Seed Round in 2022
Burrow is a decentralized platform that operates a non-custodial liquidity pool, enabling users to supply and borrow assets for trading. The platform focuses on unlocking liquidity for interest-bearing assets, particularly layer 1 staking derivatives. By allowing users to supply assets, Burrow facilitates the earning of interest and enables borrowing against those assets to enhance liquidity. Additionally, the platform features a governance token staking program, which encourages user participation and investment in the ecosystem. Overall, Burrow aims to provide a streamlined approach to accessing liquidity in the decentralized finance space.

Mainstream Labs

Pre Seed Round in 2022
Mainstream Labs is developing a collaborative platform focused on decentralized governance participation. The platform facilitates token-gated discussions and proposal voting, allowing users to engage in governance efficiently. Contributions from participants are rewarded publicly, promoting active involvement in decision-making processes. By leveraging the expertise of its team, which has experience in operating decentralized autonomous organizations (DAOs) and other crypto-native communities, Mainstream Labs aims to transform governance interactions and position DAOs as a new social framework.

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.

LifeForce Games

Seed Round in 2022
LifeForce Games operates a gaming platform designed to enhance accessibility to blockchain-based and metaverse gaming. The company focuses on developing a play-to-earn (P2E) chain game product that facilitates interoperability of non-fungible tokens (NFTs) across various games and platforms. This approach aims to integrate monetization elements for gamers, allowing them to utilize virtual land effectively. LifeForce Games is committed to creating enjoyable onboarding experiences in the gaming sector, ensuring that players can engage with blockchain games in a fun and fair environment.

Moonwell

Seed Round in 2022
Moonwell is a decentralized finance (DeFi) protocol that operates on the Moonbeam and Moonriver networks, focusing on open lending and borrowing services. The platform provides users with a digital financing facility that emphasizes security and flexibility in funding options. By eliminating monthly payments and additional fees, Moonwell aims to create a user-friendly environment for individuals seeking to engage in decentralized financial activities.

Hubble Exchange

Seed Round in 2022
Hubble Exchange is a decentralized platform that facilitates the trading of perpetual futures contracts, allowing traders to use multiple tokens as collateral. Currently, it accepts AVAX, USDC, and Hubble Virtual USD (hUSD), with plans to include Bitcoin, Ethereum, and Avalanche-native assets in the future. The platform's multi-collateral, cross-margin design aims to enhance the trading experience within the Avalanche ecosystem, taking advantage of its low transaction fees and scalable infrastructure. Additionally, Hubble Exchange enables traders to tokenize their profitable perpetual futures positions, allowing them to utilize these positions as collateral for borrowing on other decentralized finance (DeFi) protocols.

metaENGINE

Seed Round in 2022
MetaEngine operates a decentralized platform designed for the development and publishing of GameFi and metaverse games and applications. The platform provides developers with a comprehensive suite of integrated technologies, including a massively multiplayer online game engine, essential blockchain functionality, and decentralized data storage. This infrastructure enables developers to concentrate on the core aspects of game and application development, streamlining the creation process and enhancing the overall user experience in the metaverse ecosystem.

Axelar

Series B in 2022
Axelar is a company focused on developing interoperability software that facilitates communication between various blockchain ecosystems and applications. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network offers a suite of protocols, tools, and APIs aimed at overcoming the challenges of cross-chain interactions. The company's solutions leverage Byzantine consensus, cryptography, and mechanism design to enable decentralized applications to operate across different blockchains seamlessly. By providing developers with the necessary resources, Axelar empowers them to select the most suitable platforms while enhancing cross-chain composability and liquidity.

Solana

Seed Round in 2022
Solana is a blockchain technology company, established in 2021, specializing in the development of a decentralized, scalable blockchain platform. The platform, validated by thousands of independent nodes, ensures robust security and resistance to censorship. It leverages proof of history and concurrent GPU parallelization to deliver high-speed, low-latency, and inexpensive transactions, enabling users to scale without sharding or specialized hardware.

Spin

Seed Round in 2022
Spin, founded in June 2021, is a developer of a multichain decentralized exchange (DEX) platform focused on derivatives trading, specifically futures and options. Operating on the NEAR Protocol and Solana blockchains, Spin aims to deliver a user experience comparable to centralized exchanges by utilizing a central limit order book execution model combined with a liquidity pool. The platform offers traders advanced risk management and strategy-building tools, enhancing the efficiency and accessibility of trading for a wide range of users.

Superdao

Seed Round in 2022
Superdao is a platform designed to support the management and growth of decentralized autonomous organizations (DAOs) in the Web3 space. It offers tools for wallet analytics that provide organizations with insights into their dapp users, NFT and token holders, DAO voters, and quest participants. The platform features a hybrid governance system that facilitates collaborative management of decentralized application ventures, enabling users to create and customize intelligent contracts with ease. Additionally, Superdao includes a built-in member directory, treasury dashboard, and contributor management tools, which enhance decision-making and governance for DAOs. Organizations can leverage filter and export tools to build targeted lists and gain competitive insights from a database of audiences from numerous top Web3 projects.

STEPN

Seed Round in 2022
STEPN is a blockchain-based fitness application that operates a move-to-earn NFT gaming platform, allowing users to earn rewards for their physical activities. By purchasing non-fungible tokens (NFTs) that have a limited lifespan, users can engage in specific exercises and accumulate the platform's native tokens as incentives for their efforts. The app combines elements of gaming and fitness, encouraging a healthier lifestyle while providing financial rewards for exercising. Through this innovative model, STEPN aims to motivate users to stay active and integrate fitness into their daily routines.

Vybe Network

Seed Round in 2022
Vybe Network offers a data infrastructure solution tailored for the Solana community, facilitating the querying, indexing, and sharing of on-chain data. Its platform provides developers with tools to efficiently stream live data and access historical data from a network of distributed indexers. This capability allows users to build decentralized applications and conduct analytics within the Web 3.0 ecosystem. By streamlining data access and exchange, Vybe empowers customers to leverage Solana's blockchain for innovative application development and analytical insights.

Arcade

Series A in 2021
Arcade provides an infrastructure layer for NFT liquidity that enables the financialization of non-fungible assets, non-fungible tokens, or NFTs.Arcade’s Wrapped NFT technology allows NFTs to be bundled to secure one loan. Arcade is also an open-source Defi primitive it allows developers to build on top of the platform.

Gear Technologies

Series A in 2021
Gear Technologies is a technology company focused on creating a Substrate-based smart contract platform that facilitates the development and deployment of decentralized applications (dApps). By contributing to the Gear Protocol, which is supported by the Gear Foundation, the company enhances Web3 capabilities while maintaining a user experience akin to Web2. Gear Technologies aims to streamline the process for developers, offering a low barrier to entry that minimizes both financial and time investments. This approach enables clients to build and deploy dApps on the blockchain quickly and efficiently, with improved speed, security, and automation in smart contract development.

Atlendis

Seed Round in 2021
Operator of an online lending platform intended to offer a capital-efficient lending protocol. The company creates a more capital-efficient environment for uncollateralized crypto loans through its Defi lending protocol using blockchain technology, enabling clients to access flexibility for recurrent and short-term liquidity needs.

XY Finance

Venture Round in 2021
XY Finance is a developer of an innovative aggregator that facilitates cross-chain exchange services, comprising two main components: X Swap and Y Pool. X Swap enables users to perform cross-chain transfers and exchanges seamlessly, while Y Pool offers liquidity solutions that enhance the efficiency of transferring crypto assets across different blockchains. Additionally, XY Finance provides a customizable widget designed for easy integration into decentralized applications (DApps), creating a unified user interface that simplifies cross-chain operations. By leveraging its composable APIs, XY Finance ensures users have access to comprehensive cross-chain functionalities and optimized web3 execution services, ultimately broadening user accessibility across various blockchain networks.

Fragcolor

Seed Round in 2021
Fragcolor is focused on creating a decentralized game platform and collaborative gaming engines. By utilizing blockchain technology, the company enables content creators and artists to efficiently develop multi-platform applications. This innovative approach allows for the creation of non-fungible tokens (NFTs), enhancing the gaming experience and providing new opportunities for content distribution and monetization.

Tempus

Series A in 2021
Tempus is a decentralized community of builders, creators, and connectors led by Tempus Labs to build some of the most innovative DeFi products. Tempus is building the most important blocks of DeFi and Web3 in a way that’s scalable and accessible to all. Users can safely lock in a set rate on any lending or staking revenue thanks to Tempus' ground-breaking fixed income technology.

Superdao

Pre Seed Round in 2021
Superdao is a platform designed to support the management and growth of decentralized autonomous organizations (DAOs) in the Web3 space. It offers tools for wallet analytics that provide organizations with insights into their dapp users, NFT and token holders, DAO voters, and quest participants. The platform features a hybrid governance system that facilitates collaborative management of decentralized application ventures, enabling users to create and customize intelligent contracts with ease. Additionally, Superdao includes a built-in member directory, treasury dashboard, and contributor management tools, which enhance decision-making and governance for DAOs. Organizations can leverage filter and export tools to build targeted lists and gain competitive insights from a database of audiences from numerous top Web3 projects.

Aurora

Series A in 2021
Aurora is an Ethereum Virtual Machine created by the team at the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users. Aurora was founded in 2021 and is based in Kyiv, Ukraine.

deBridge Finance

Seed Round in 2021
deBridge Finance is a cross-chain interoperability and liquidity transfer protocol designed to facilitate the decentralized transfer of assets across multiple blockchains. The protocol operates through a network of independent oracles and validators, which are elected by deBridge governance, ensuring a secure and efficient transfer process. It supports interoperability between major blockchain networks, including Ethereum, Polygon, Binance Smart Chain, Huobi Ecological Chain, and Arbitrum. This infrastructure enables users to seamlessly access and transfer various digital assets, including NFTs, across different platforms, enhancing the overall flexibility and utility of blockchain technology.

Hats Finance

Seed Round in 2021
Hats Finance is a decentralized cybersecurity incentive network that aims to enhance security within the web3 environment. It operates a platform that allows projects to safeguard their smart contracts through a security vault and an ecosystem skin, thereby providing a more secure future for users of Ethereum. The network is governed by its stakeholders, which include hackers, project developers, and token holders, creating a collaborative approach to cybersecurity. This structure enables Hats Finance to address the evolving challenges of digital security in a decentralized manner.

Apricot Finance

Seed Round in 2021
Apricot Finance is a decentralized finance (DeFi) service provider that focuses on collateralized lending protocols. The platform aims to enhance users' borrowing power while reducing liquidation penalties and risks associated with borrowing in the DeFi sector. By offering over-collateralized loans, Apricot Finance enables users to maximize their yield and achieve greater predictability in their investments. The platform is designed to help borrowers access competitive borrowing options, thereby allowing investors to generate substantial profits in cryptocurrency.

Axelar

Series A in 2021
Axelar is a company focused on developing interoperability software that facilitates communication between various blockchain ecosystems and applications. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network offers a suite of protocols, tools, and APIs aimed at overcoming the challenges of cross-chain interactions. The company's solutions leverage Byzantine consensus, cryptography, and mechanism design to enable decentralized applications to operate across different blockchains seamlessly. By providing developers with the necessary resources, Axelar empowers them to select the most suitable platforms while enhancing cross-chain composability and liquidity.

KYVE

Pre Seed Round in 2021
KYVE is an initiative focused on the decentralized archiving and validation of data streams, utilizing the Arweave blockchain for permanent storage. The platform comprises decentralized uploaders and validators organized into pools, each dedicated to archiving specific data streams. This open-source protocol aims to standardize and ensure the reliability of data storage for blockchain networks and decentralized applications. By leveraging permanent data storage tools, KYVE provides scalability, immutability, and availability, which helps developers create dependable backups and verify their data streams effectively. The initiative is supported by funding from KYVE tokens, which incentivize participation in the network's operations.

Switchboard

Seed Round in 2021
Switchboard operates a multichain oracle network that facilitates the integration of various data types onto the Solana blockchain. Its platform enables developers to create high-performance data feeds from any API, streamlining the process of publishing data on-chain. Key features include the ability to locate data sources, define feeds, and connect these feeds to projects, allowing developers to build data feeds and request randomness quickly and efficiently. By simplifying the process of bringing data onto the blockchain, Switchboard aims to empower the Solana community and enhance the development of decentralized applications.

Non-fungible Technologies

Seed Round in 2021
Non-fungible Technologies specializes in creating financial products and infrastructure tailored for non-fungible assets and the creator economy. The company has developed a financial platform that facilitates a decentralized marketplace, enabling users to lend and borrow cryptocurrency loans backed by non-fungible tokens (NFTs). This platform provides a comprehensive suite of tools aimed at blockchain owners, collectors, and investors, effectively bridging the gap within the non-fungible token ecosystem. By focusing on these innovative financial solutions, Non-fungible Technologies supports the growth and functionality of the emerging market surrounding digital assets and creative content.

Pendle Finance

Seed Round in 2021
Pendle Finance is a decentralized finance protocol that allows users to tokenize and sell future yields.

NAOS Finance

Series A in 2021
NAOS Finance operates a decentralized finance platform that provides an alternative to traditional financial systems. This platform allows decentralized finance lenders and small to medium-sized enterprise borrowers to engage in a permissionless environment on the blockchain. By facilitating the origination and funding of loans without relying on traditional intermediaries, NAOS Finance enables lenders to achieve stable and recurring income streams. Additionally, the platform bridges the gap between on-chain activities and larger off-chain opportunities, enhancing accessibility and efficiency in financial transactions.

Liquity

Series A in 2021
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.

Tally

Venture Round in 2021
Tally is a frontend for DAOs running on Ethereum and other EVM blockchains. Tally gives users real power in their decentralized organizations. On Tally, users can delegate voting power, create or pass proposals to spend DAO funds, manage a protocol, and upgrade smart contracts—all onchain.

DFX Finance

Seed Round in 2021
DFX Finance is a decentralized finance exchange protocol that specializes in trading non-U.S. dollar stablecoins. The platform facilitates structured trading through an Ethereum-based decentralized exchange, utilizing a bonding curve specifically optimized for fiat-backed stablecoins such as USDC, CADC, EURS, and XSGD. By leveraging real-world foreign exchange price feeds, DFX Finance enables users to engage with decentralized finance applications in a blockchain-driven market, promoting seamless and efficient transactions in a variety of stablecoins.

Async Art

Seed Round in 2021
Async Art operates an innovative online platform that connects artists and collectors, enabling them to buy, sell, and trade programmable art on the Ethereum blockchain. Founded in 2019 and based in Fort Bragg, California, Async Art allows users to create and engage with multi-layer artworks. Each artwork consists of a Master piece and various Layers, which can be independently owned and controlled by different individuals. This unique structure empowers users to actively participate in the evolution of the art, as they can modify their respective Layers within parameters set by the original artist. For example, one user may control the sky in a landscape painting while another owns a character, allowing for dynamic collaboration and interaction in the creative process. This platform represents a new frontier in the art world, merging technology and creativity in the 21st century.

Anoma

Funding Round in 2021
Anoma is a blockchain protocol established in 2021 in Zug, Switzerland, focused on facilitating private and asset-agnostic transactions. It offers an intent-centric and privacy-preserving solution for decentralized counterparty discovery, multi-chain atomic settlement, and secure bartering among multiple parties. By employing advanced cryptography and zero-knowledge proof schemes, Anoma empowers users to engage in cryptocurrency exchanges automatically at market rates, ensuring a user-controlled and secure trading environment. The protocol aims to enhance privacy in transactions, making it easier for users to conduct business without sacrificing security.

Axelar

Seed Round in 2020
Axelar is a company focused on developing interoperability software that facilitates communication between various blockchain ecosystems and applications. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network offers a suite of protocols, tools, and APIs aimed at overcoming the challenges of cross-chain interactions. The company's solutions leverage Byzantine consensus, cryptography, and mechanism design to enable decentralized applications to operate across different blockchains seamlessly. By providing developers with the necessary resources, Axelar empowers them to select the most suitable platforms while enhancing cross-chain composability and liquidity.

Figment Capital

Series A in 2020
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.

Bitnomial

Venture Round in 2020
Bitnomial, Inc. is a company based in Chicago, Illinois, founded in 2014 to develop and operate a bitcoin derivatives exchange. The platform facilitates the trading of margined bitcoin futures and options, including bitcoin US dollar futures and options, by connecting native digital asset hedgers with institutional traders. Bitnomial's infrastructure is designed to enhance derivatives exchange technology and digital asset settlement systems, ensuring compliance with regulations overseen by the CFTC. This enables traders and brokers to engage in bitcoin derivatives trading within a globally trusted jurisdiction, providing a reliable marketplace for both institutional and retail participants.

Liquity

Seed Round in 2020
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.

ParaSwap

Seed Round in 2020
ParaSwap is a decentralized finance platform designed to address liquidity challenges in cryptocurrency markets by aggregating multiple decentralized exchanges into a single interface. This approach empowers users to access competitive market prices and enhanced liquidity for trading Ethereum and ERC-20 tokens, with aspirations to expand its services to include major blockchains. By providing a transparent trading environment, ParaSwap aims to facilitate easier and more efficient transactions for cryptocurrency traders.

Ava Labs

Initial Coin Offering in 2020
Ava Labs is focused on simplifying the launch of financial applications through blockchain technology. The company offers a smart contracts platform that allows users to create customizable public and private blockchains, facilitating the development of various digital assets. Its innovative probabilistic consensus protocol enhances transaction speed while minimizing costs associated with capital deployment. This approach aims to redefine value creation within the Web3 ecosystem, promoting a more accessible and democratic internet of finance. By providing tools that streamline the creation, trading, and discovery of diverse asset types, Ava Labs empowers individuals and organizations to leverage blockchain for their financial needs.

Futureswap

Seed Round in 2020
Futureswap is a decentralized futures exchange platform that leverages blockchain technology to facilitate non-custodial trading. Based in San Francisco, California, the company specializes in automated market making (AMM) algorithms, enabling users to buy and sell cryptocurrency futures contracts efficiently. By providing a decentralized environment, Futureswap aims to enhance trading flexibility and security for its users.

StakerDAO

Series A in 2020
StakerDAO is a platform focused on the decentralized, secure, and compliant governance of financial assets. Established in 2019 and based in Palo Alto, California, StakerDAO develops various products for on-chain governance, cross-chain synthetics, and tokenized real-world assets. The platform features STKR, a governance token that enables holders to submit proposals and elect members of the Staker Council, thereby participating in decision-making processes. Additionally, StakerDAO offers BLND, a synthetic token designed to track a basket of proof-of-stake tokens. The governance framework is supported by the Staker Agora process, which allows users to contribute ideas and engage in discussions about project development. With a commitment to decentralized finance, StakerDAO's protocol provides a trustless method for bi-directional token transfers across different blockchain networks, facilitating broader access to financial services.

BTSE

Funding Round in 2020
BTSE, which stands for "Buy, Trade, Sell, Earn," is a digital asset exchange that offers a secure and user-friendly platform for trading cryptocurrencies. It caters to a diverse clientele, including institutions, retail users, and first-time traders, and has established itself as a trusted player in the industry. BTSE provides a comprehensive suite of financial services that bridge traditional finance with digital assets, including multi-currency spot and derivatives trading, an NFT marketplace, OTC trading, asset management, and payment gateways. The platform also features advanced trading options, such as customizable leverage and perpetual contracts for futures trading. With a strong emphasis on security, BTSE employs strict protocols, maintains an insurance fund, and utilizes cold storage for over 90% of its assets. Additionally, it has no withdrawal limits on more than 12 fiat currencies and 150 cryptocurrencies. Through its white-label exchange solutions, BTSE licenses its proprietary technology to exchanges worldwide, further extending its influence in the digital asset sector.

ZEBEDEE

Seed Round in 2019
Zebedee, established in 2019 and based in Hoboken, New Jersey, specializes in integrating Bitcoin and Lightning Network support into digital gaming environments. Its platform 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 frictionless value exchange fosters interaction among players, developers, streamers, and watchers, empowering digital economies.

FTX

Seed Round in 2019
FTX is a cryptocurrency exchange company that specializes in developing a professional trading platform, supporting features such as quarterly and perpetual futures, leveraged tokens, and OTC trading. It aims to cater to both professional trading firms and first-time users, offering an intuitive and robust trading environment. FTX was incubated by Alameda Research, ensuring it had industry order books from its inception. Additionally, FTX Ventures, its investment arm, provides equity and/or token investments to blockchain companies at various stages, supporting founders and maintaining their decision-making flexibility.

The Graph

Series A in 2019
The Graph is an indexing protocol that facilitates querying data from decentralized networks such as Ethereum and IPFS, serving as a vital component of the Web3 ecosystem. It allows developers to create and publish open APIs, known as subgraphs, which applications can access using GraphQL to retrieve blockchain data. Currently, The Graph provides a hosted service to simplify the development process, with plans to launch a decentralized network. It supports data indexing from Ethereum, IPFS, and POA, with additional networks anticipated in the future. As of now, thousands of developers have deployed over 3,000 subgraphs for decentralized applications, including prominent projects like Uniswap, Synthetix, and Decentraland. The platform has experienced significant growth in usage, highlighting its role in powering the decentralized web.

Agoric

Seed Round in 2019
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.

Bolt Labs

Seed Round in 2019
Bolt Labs, Inc. is a company based in Baltimore, Maryland, that specializes in developing privacy-focused solutions for digital asset management. Founded in 2018, Bolt Labs provides a lightning network protocol that supports privacy-preserving micropayments and non-custodial trading with centralized exchanges, alongside private decentralized exchanges. The company's secure computation solutions, utilizing multi-party computation (MPC), protect users' assets by ensuring confidentiality and integrity while preventing misuse or theft. Additionally, Bolt Labs is working on the zkChannels L2 protocol, which aims to create a scalable and user-friendly payment infrastructure that integrates with existing payment networks, including public blockchains. This innovation is designed to help merchants comply with emerging privacy regulations while enhancing customer privacy through secure transactions. Overall, Bolt Labs is focused on building a secure, usable, and scalable infrastructure for digital asset management.

Harmony

Seed Round in 2019
Harmony is a blockchain company founded in 2018 and based in Cupertino, California. It operates a fast and open blockchain platform designed for decentralized applications. The company employs advanced decentralization techniques and a sharded architecture, enabling the Harmony Mainnet to support thousands of nodes across multiple shards. This infrastructure facilitates rapid block production with instant finality. Harmony's staking mechanism promotes decentralization by allowing stake delegation, reward compounding, and double-sign slashing. The company is dedicated to building an open network governed by a large community of participants.

Kava Labs

Seed Round in 2019
Kava Labs Inc. is a provider of interledger solutions, focusing on enhancing the interoperability of blockchains, wallets, and exchanges. Founded in 2018 and headquartered in San Francisco, California, Kava operates a decentralized platform that offers a comprehensive range of financial services tailored for cryptocurrencies. As digital assets gain wider acceptance, Kava aims to fill the gap in traditional financial offerings by providing products such as money markets, loans, stablecoins, and high-yield accounts for crypto assets. By leveraging autonomous software, Kava's platform eliminates the need for intermediaries, allowing users globally to access financial services without incurring additional fees. This approach enables users to optimize their digital assets and generate returns in an evolving financial landscape.

Figment Capital

Seed Round in 2019
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.

Dharma Labs

Series A in 2019
Dharma Labs Inc. is a San Francisco-based company that develops a suite of smart contracts and tools designed for issuing and crowdfunding debt on blockchain technology. Founded in 2017, the company provides a protocol that facilitates decentralized issuance, origination, risk assessment, and underwriting of peer-to-peer loans. This innovative framework enables open and permissionless innovation within the lending industry, allowing entrepreneurs to create diverse lending platforms, including consumer lending, margin lending, and crowdfunding municipal bonds. By leveraging blockchain's capabilities, Dharma Labs aims to streamline the lending process and enhance accessibility for various financial services.

Chainspace

Pre Seed Round in 2018
Chainspace is a developer of a blockchain-based platform designed to facilitate the creation of high-performance blockchain applications. The platform employs popular programming languages and technologies, making it accessible for developers. It features a shared smart contract protocol that addresses scalability and privacy challenges associated with Ethereum. By utilizing a proof of stake protocol that incorporates sharding and zero-knowledge proofs, Chainspace enables clients to meet the demands of processing power for complex, real-world applications. This innovative approach positions Chainspace as a solution for those looking to build advanced blockchain applications on commodity cloud platforms.

Algorand Technologies

Venture Round in 2018
Algorand Technologies, established in 2017 and headquartered in Boston, Massachusetts, specializes in blockchain technology. It operates a decentralized digital currency and transactions platform, offering features such as Algorand Standard Asset, Atomic Transfers, and Algorand Smart Contracts at the Layer-1 level. The company is renowned for its innovative approach to blockchain scalability, enabling rapid and efficient user consensus, even for small transactions, regardless of transaction volume or user base. This results in low-cost, near-instant blockchain transactions. Additionally, Algorand Technologies develops and maintains decentralized finance (DeFi) applications and digital identity solutions.

Spacemesh

Venture Round in 2018
Spacemesh is a blockchain protocol based in North Pole, Alaska, that focuses on creating a fair, decentralized, and secure platform for smart contracts. It employs a unique Proofs of Space-Time (PoST) consensus mechanism and utilizes a Directed Acyclic Graph (DAG) topology instead of traditional chain structures. This innovative approach allows for a leaderless, non-competitive voting system known as Collaborative Mining, which promotes permissionless decentralization. The platform is designed to be open-source and programmable, enabling users to run general-purpose smart contracts efficiently while conserving resources by leveraging unused storage space on hard drives for computation. With its emphasis on security, fairness, and environmental sustainability, Spacemesh aims to provide a robust cryptocurrency solution that can self-heal and adapt to the needs of its users.

nCent

Seed Round in 2018
nCent Labs is an information technology company that specializes in developing a decentralized protocol aimed at creating incentive networks. This innovative protocol is designed to reward individuals for collaboratively solving complex problems, thereby fostering the formation of efficient markets focused on delivering robust software solutions. By leveraging a unique base layer protocol, nCent enables the efficient creation and management of incentive programs at scale, while ensuring transparency and integrity through auditability features. The protocol also incorporates network tokens to track the provenance chain, facilitating an effective exchange mechanism for accurate payouts to participants.

Beam

Pre Seed Round in 2018
Beam is a cryptocurrency company founded in 2017 and based in Tel-Aviv, Israel, specializing in the development of a confidential cryptocurrency wallet utilizing the MimbleWimble protocol. This wallet is designed for mobile and desktop use, catering to individual and small business users. Beam emphasizes user privacy, allowing individuals to control the information shared during transactions while ensuring confidentiality without compromising performance or scalability. The blockchain architecture supports various transaction types, such as escrow and atomic swaps, while maintaining a compact size through features like "cut-through," which significantly reduces data storage requirements. Additionally, Beam operates on a Proof-of-Work algorithm and follows a limited emission model, with a total of approximately 250 million coins. The platform is built from the ground up in C++ by a team of experienced developers, ensuring robust functionality without the need for a trusted setup or pre-mining.

The Graph

The Graph is an indexing protocol that facilitates querying data from decentralized networks such as Ethereum and IPFS, serving as a vital component of the Web3 ecosystem. It allows developers to create and publish open APIs, known as subgraphs, which applications can access using GraphQL to retrieve blockchain data. Currently, The Graph provides a hosted service to simplify the development process, with plans to launch a decentralized network. It supports data indexing from Ethereum, IPFS, and POA, with additional networks anticipated in the future. As of now, thousands of developers have deployed over 3,000 subgraphs for decentralized applications, including prominent projects like Uniswap, Synthetix, and Decentraland. The platform has experienced significant growth in usage, highlighting its role in powering the decentralized web.
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