Matt Huang

Managing Partner

80 past transactions

Sky Mavis

Series B in 2021
Sky Mavis is a technology company that creates decentralized applications and services.

Compound Labs, Inc.

Series A in 2019
Compound is an open-source interest rate protocol that unlocks new financial applications for developers. Its protocol is a widely used system built on Ethereum, with thousands of users, and dozens of applications integrating Compound. Compound offers a web interface that adjusts money market interest rates based on asset-specific supply and demand. Compound was founded on 2017 and is headquartered in San Francisco, California.

Spacemesh

Series A in 2018
Spacemesh is a fair blockmesh operating system designed to run general-purpose smart contracts at web-scale. It is powered by a novel consensus protocol that is secure, proof of work free and highly incentive-compatible. Spacemesh is designed to create a highly-decentralized p2p blockchain computer formed by individuals from around the globe running Spacemesh on their desktop PCs at home. Spacemesh is as a free open source software that aims to become a core Internet protocol for blockchain computation.

StarkWare Industries Ltd.

Series B in 2021
StarkWare Industries Ltd develops software and hardware for generation and verification of computational integrity proofs for general computations. The company offers STARK, which is a zero-knowledge proof protocol with applications, including transparent privacy in blockchains, increased transaction throughput, and off chain computation. The company was incorporated in 2017 and is based in Netanya, Israel.

FTX Exchange

Series B in 2021
FTX Trading LTD operates a cryptocurrency derivatives exchange and trading platform for traders and investment professionals. Its platform offers futures trading, leveraged tokens, and an OTC portal. The company’s platform supports quarterly and perpetual futures on various cryptocurrencies and altcoins, such as bitcoin, ether, binance coin, and tether, as well as various altcoin, midcap, and other indices. The company was founded in 2017 and is based in San Francisco, California.

Cosmos

Seed Round in 2019
Cosmos is a container-first monitoring system that has no dependency for a certain infrastructure or operating system. You can connect all containers in your data center to a single dashboard.

Uniswap

Series A in 2020
Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. A simple formalized equation drives unstoppable liquidity for thousands of users and hundreds of applications. Uniswap empowers developers, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to all.

Zora

Seed Round in 2021
Zora operates as a crypto-driven marketplace.

BlockFi, Inc.

Series D in 2021
BlockFi, Inc., a bitcoin lending company, provides wealth management products for crypto investors. It offers BlockFi Interest Account, an interest-bearing account that provides yields to crypto investors who store their Bitcoin, Ether, and Gemini Dollar (GUSD) at BlockFi; and loans backed by clients’ cryptocurrency. The company also provides BlockFi Currency Trading, a platform for crypto investors that allows them to exchange cryptocurrency pairs between BTC, ETH, and GUSD; and offers customizable lending of cryptocurrencies, stable coins, and the U.S. dollars to institutions. BlockFi, Inc. was founded in 2017 and is based in New York, New York.

Uniswap

Venture Round in 2021
Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. A simple formalized equation drives unstoppable liquidity for thousands of users and hundreds of applications. Uniswap empowers developers, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to all.

Chainalysis

Series D in 2021
Chainalysis builds trust in blockchains between people, businesses, and governments. Our Blockchain Intelligence Platform powers our compliance and investigation software for the world’s top institutions. With offices in NY, D.C., and Copenhagen, Chainalysis is global and backed by Benchmark and other leading names in venture capital.

Havven Australia Ltd

Seed Round in 2020
Havven Australia Ltd develops and operates a crypto asset-backed network for the creation of on-chain synthetic assets and digital tokens. The company offers Synthetix Network Token (SNX), a collateral token which backs synths, including sUSD and sEUR; Mintr, a decentralized application for SNX holders; and Swappr, a tool for conversions between SNX and ethereum. The company also develops a web portal for synthetic assets trading and payments. The company was founded in 2018 and is headquartered in Sydney, Australia.

Numerai

Funding Round in 2019
Numerai is a new kind of hedge fund built by a network of data scientists. It uses its cryptocurrency to incentivize tens of thousands of anonymous data scientists around the world to collaborate to create predictive models in history. It was founded in 2015 and headquartered in San Francisco, California.

Royal

Seed Round in 2021
Royal is a platform where you can buy ownership in songs directly from your favorite artists and earn royalties with them.

Rain

Series B in 2022
Rain is a regulated cryptocurrency exchange operating in the Middle East.

Spacemesh

Venture Round in 2018
Spacemesh is a fair blockmesh operating system designed to run general-purpose smart contracts at web-scale. It is powered by a novel consensus protocol that is secure, proof of work free and highly incentive-compatible. Spacemesh is designed to create a highly-decentralized p2p blockchain computer formed by individuals from around the globe running Spacemesh on their desktop PCs at home. Spacemesh is as a free open source software that aims to become a core Internet protocol for blockchain computation.

Bitso

Series C in 2021
Bitso SAPI de CV owns and operates an online trading platform that enables users to buy and sell bitcoins. Its platform provides funding and withdrawal options; and enables users to finance their account in person at various locations in Mexico. The company also provides The Bitso API that allows users to integrate the Bitso trading platform with third party applications, such as trading applications, charting programs, point of sale systems, and more. It also develops application called BITSO APP for trading activities. Bitso SAPI de CV was founded in 2014 and is based in Mexico City, Mexico.

Compound Labs, Inc.

Series A in 2019
Compound is an open-source interest rate protocol that unlocks new financial applications for developers. Its protocol is a widely used system built on Ethereum, with thousands of users, and dozens of applications integrating Compound. Compound offers a web interface that adjusts money market interest rates based on asset-specific supply and demand. Compound was founded on 2017 and is headquartered in San Francisco, California.
Nebulous, Inc. operates and builds blockchain hardware and software infrastructure for the decentralized internet. It offers Sia, a decentralized cloud storage platform that leverages blockchain technology to create a data storage marketplace; Skynet, a decentralized CDN and file sharing platform for devs; and SiaStream that provides cheap storage for media files using cloud storage technology to provide fast streaming. The company was founded in 2014 and is based in Boston, Massachusetts.

Parallel

Venture Round in 2021
Parallel is a Sci-Fi Card Game based on the Ethereum blockchain. Parallel is an application that provides users with the opportunity to purchase, collect, and showcase digital blockchain collectibles.

Aztec Protocol

Series A in 2021
The AZTEC protocol uses cutting-edge zero-knowledge proofs to enable private transactions on Ethereum. This enables the logic of transactions to be validated, whilst keeping the values encrypted.

Sky Mavis

Series C in 2022
Sky Mavis is a technology company that creates decentralized applications and services.

Tagomi Systems

Venture Round in 2019
Tagomi is a developer of a cryptocurrency trading platform designed to provide clients with trade better execution so they can keep more of their returns. The company's platform uses advanced routing tactics and execution algorithms to analyze real-time and historical data to decide where and when to trade, enabling clients to reduce trading costs and keep more of their returns.

MoonPay

Series A in 2021
MoonPay is a financial technology company that builds payments infrastructure for crypto. Our on-and-off-ramp suite of products provides a seamless experience for converting between fiat currencies and cryptocurrencies using all major payment methods including debit and credit card, local bank transfers, Apple Pay, Google Pay, and Samsung Pay. MoonPay is active in more than 160 countries and is trusted by 250+ leading wallets, websites, and applications to accept payments and defeat fraud.

Argent

Series B in 2022
Argent Labs Limited develops and operates digital wallet for cryptocurrencies and blockchain applications. It offers Argent application that helps users to trade in digital assets; and manage funds and interact within token economy. The company was incorporated in 2017 and is based in London, United Kingdom.

Gauntlet Networks, Inc.

Series B in 2022
Gauntlet builds a blockchain simulation and testing platform for financial systems. The company's blockchain simulation and the testing platform run a series of simulations to test the client's protocol or smart contract and gain intuition on how design choices affect behavior, thereby helping financial institutions by providing transparency and greatly reduces the cost of experimentation so that teams can rapidly design, launch, and scale new decentralized systems. Gauntlet was founded in 2018 and is headquartered in Brooklyn, NY, USA.

Opyn

Series A in 2021
Opyn is building an insurance marketplace to protect cryptocurrency users against system risks in Decentralized Finance.

Royal

Series A in 2021
Royal is a platform where you can buy ownership in songs directly from your favorite artists and earn royalties with them.

Genesis Digital Assets

Private Equity Round in 2021
Genesis Digital Assets is one of the world's largest and most experienced Bitcoin mining companies. Since 2013, the founders of the company have built over 20 industrial-scale mining farms, brought over 300,000 miners online, and mined over $1 billion in Bitcoin.

Flashbots

Seed Round in 2020
Flashbots is a research and development company that focuses on miners and searchers for transparent and efficient MEV extraction. The company is working on mitigating the negative externalities of current MEV extraction techniques and avoiding the existential risks MEV could cause to state-rich blockchains like Ethereum. Their primary focus is to enable a permissionless, transparent, and fair ecosystem for MEV extraction.

Keep

Venture Round in 2020
Keep helps contracts harness the full power of the public blockchain by enabling deep interactivity with private data. It is an off-chain container for private data. It was founded in 2017 and is headquartered in George Town, Midland.

Argent

Series A in 2020
Argent Labs Limited develops and operates digital wallet for cryptocurrencies and blockchain applications. It offers Argent application that helps users to trade in digital assets; and manage funds and interact within token economy. The company was incorporated in 2017 and is based in London, United Kingdom.

Thesis

Series A in 2021
Thesis, Inc. builds and funds products and protocols in cryptocurrency and decentralized technology. The company focuses on how to bridge the bitcoin/real-world purchase gap and enable private data on public blockchains. It develops tBTC protocol, an application on Keep network. Thesis, Inc. was incorporated in 2014 and is based in San Francisco, California.

Gauntlet Networks, Inc.

Venture Round in 2020
Gauntlet builds a blockchain simulation and testing platform for financial systems. The company's blockchain simulation and the testing platform run a series of simulations to test the client's protocol or smart contract and gain intuition on how design choices affect behavior, thereby helping financial institutions by providing transparency and greatly reduces the cost of experimentation so that teams can rapidly design, launch, and scale new decentralized systems. Gauntlet was founded in 2018 and is headquartered in Brooklyn, NY, USA.

dYdX Trading Inc.

Series C in 2021
We create safe, powerful financial tools that are accessible to people around the world. Founded back in 2017 from ex-Coinbase and Uber engineer, Antonio Juliano, dYdX is the world's leading decentralized platform for lending, borrowing and margin trading Ethereum-based assets. Users can earn interest or take loans for a nominal fee as well as trade on margin with custom leverage. Trade your crypto, the safe and secure way, with dYdX

BlockFi, Inc.

Series D in 2021
BlockFi, Inc., a bitcoin lending company, provides wealth management products for crypto investors. It offers BlockFi Interest Account, an interest-bearing account that provides yields to crypto investors who store their Bitcoin, Ether, and Gemini Dollar (GUSD) at BlockFi; and loans backed by clients’ cryptocurrency. The company also provides BlockFi Currency Trading, a platform for crypto investors that allows them to exchange cryptocurrency pairs between BTC, ETH, and GUSD; and offers customizable lending of cryptocurrencies, stable coins, and the U.S. dollars to institutions. BlockFi, Inc. was founded in 2017 and is based in New York, New York.

Lido

Initial Coin Offering in 2021
Lido is a provider of liquid staking solutions for staked assets and Ethereum. The platform lets users stake their assets for daily staking rewards. Users can stake any amount of tokens - no minimum. It issues synthetic native tokens for every Ethereum staked via its protocol, thereby enabling users to stake Ethereum and receive an asset of equal value which can be used in various DeFi applications to earn yield.

AI Arena

Seed Round in 2021
AI Arena provides native gaming using artificial intelligence and users train their NFTs backed by AI, then enter the Arena to battle for supremacy.

Osmosis Foundation

Initial Coin Offering in 2021
Osmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade IBC enabled tokens. The Osmosis blockchain is made up of free, public, and open-source software. - Osmosis is a first-of-its-kind automated market maker (AMM) that marks a foundational shift in how liquidity providers can benefit from Interchain DeFi.

TaxBit

Series B in 2021
TaxBit is a cryptocurrency tax calculation and withholding service that serves investors, exchanges, and payment services.

OpenSea

Series C in 2022
OpenSea is the first (and largest) peer-to-peer marketplace for crypto goods (like eBay for crypto assets), which include collectibles, gaming items, and other virtual goods backed by a blockchain. On OpenSea, anyone can buy or sell these items through a smart contract. Over the last month, as the number of games in the space continues to increase, OpenSea has seen around half a million dollars in volume.

Coinswitch.co

Series C in 2021
coinswitch.co is the world's first cryptocurrency exchange aggregator platform. It lists 250+ coin and 6000+ currency pairs. As of 2018, it has been hitting a volume of 1 million USD per day. Some of the exchanges listed on coinswitch.co are Bittrex, Changelly, Shapeshift and Cryptopia.

Fireblocks

Series C in 2021
Fireblocks Inc. develops a blockchain-based security service platform. The company provides security system for managing and streamline digital assets operations. Its platform allows moving funds between exchanges, wallets, and counterparties. It caters to financial institutions. Fireblocks Inc. was founded in 2018 and is based in New York, New York. It has additional locations in Tel Aviv, Israel.

TaxBit

Series A in 2021
TaxBit is a cryptocurrency tax calculation and withholding service that serves investors, exchanges, and payment services.

FTX Exchange

Series C in 2022
FTX Trading LTD operates a cryptocurrency derivatives exchange and trading platform for traders and investment professionals. Its platform offers futures trading, leveraged tokens, and an OTC portal. The company’s platform supports quarterly and perpetual futures on various cryptocurrencies and altcoins, such as bitcoin, ether, binance coin, and tether, as well as various altcoin, midcap, and other indices. The company was founded in 2017 and is based in San Francisco, California.

Sia

Seed Round in 2020
Sia is the leading decentralized cloud storage platform. No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers.

Fractional

Series A in 2022
Fractional is an NFT platform that unlocks liquidity, reduces entry costs, and allows for synergy with other DeFi primitives. The platform is building a permissionless and decentralized NFT Fractionalization platform to enable greater ownership of the world’s most sought after NFTs. Fractional was founded by Andy Chorlian.

Uniswap

Series A in 2020
Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. A simple formalized equation drives unstoppable liquidity for thousands of users and hundreds of applications. Uniswap empowers developers, liquidity providers, and traders to participate in a financial marketplace that is open and accessible to all.

Euler XYZ

Series A in 2021
Euler XYZ Limited develops a lending protocol. The company was incorporated in 2020 and is based in London, United Kingdom.

Fractional

Seed Round in 2021
Fractional is an NFT platform that unlocks liquidity, reduces entry costs, and allows for synergy with other DeFi primitives. The platform is building a permissionless and decentralized NFT Fractionalization platform to enable greater ownership of the world’s most sought after NFTs. Fractional was founded by Andy Chorlian.

StarkWare Industries Ltd.

Series A in 2018
StarkWare Industries Ltd develops software and hardware for generation and verification of computational integrity proofs for general computations. The company offers STARK, which is a zero-knowledge proof protocol with applications, including transparent privacy in blockchains, increased transaction throughput, and off chain computation. The company was incorporated in 2017 and is based in Netanya, Israel.

Gitcoin

Series A in 2021
Gitcoin offers a platform to get paid for working on open source software in Python, Rust, Ruby, JavaScript, Solidity, HTML, CSS, and design. The company was founded in 2017 and is based in Boulder, Colorado.

Libra Association

Seed Round in 2020
Diem is an independent, not-for-profit membership organization, headquartered in Geneva, Switzerland. Diem empowers people around the world through the creation of a simple global currency. The Libra Association works to evolve and scale the network and reserve and leads a social impact grant-making program that supports financial inclusion efforts worldwide. The association collaborates with the global community and partners with policymakers to help further the Libra mission.

Veil

Seed Round in 2019
Veil, Inc. operates a peer-to-peer trading platform for prediction markets and derivatives on Augur. Its platform provides users with the ability to bet on various prediction markets on a peer-to-peer basis, as well as trade a range of crypto assets. The company was founded in 2018 and is based in San Francisco, California.

Nand Capital

Seed Round in 2019
Nand Capital is an Information Theory hedge fund backed by Founders Fund and Paradigm.

Reflexer Labs

Seed Round in 2020
Reflexer Labs develops a low volatility decentralized finance collateral. The company was founded in 2020 and is based in USA.

Tendermint

Series A in 2019
Tendermint brings simplicity, security, and speed to the world’s blockchains.

Matrixport

Venture Round in 2019
Matrixport is your gateway to digital economy where you can trade, custody, invest and borrow crypto assets all in one stop. With rich industry resources and leading technology capabilities, Matrixport aims to create the next generation digital financial service platform. Their vision is to enable a more open and equal financial system using blockchain technologies. Matrixport has launched trading, digital asset custody, and cryptocurrency lending service for clients around the world, with even more innovative product offerings to come. Matrixport is headquartered in Singapore with offices worldwide.

AMBER AI

Series A in 2020
Amber Group Limited offers cryptocurrency financial services in Hong Kong. The company helps clients to buy and sell cryptocurrency products. It offers services, such as yield enhancement, collateralized lending, decentralized finance, execution services, and electronic market making. Amber Group Limited was founded in 2015 and is based in Hong Kong.

Fireblocks

Series B in 2020
Fireblocks Inc. develops a blockchain-based security service platform. The company provides security system for managing and streamline digital assets operations. Its platform allows moving funds between exchanges, wallets, and counterparties. It caters to financial institutions. Fireblocks Inc. was founded in 2018 and is based in New York, New York. It has additional locations in Tel Aviv, Israel.

O(1) Labs

Series A in 2019
O(1) Labs is a software development company working on Mina Protocol, a tiny, portable blockchain. The company uses cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. It addresses one of the fundamental challenges in cryptocurrency by creating the first succinct blockchain that enables decentralization at scale. O(1) Labs was founded in 2017 and is headquartered in San Francisco, California by Evan Shapiro and Izaak Meckler.

Coinswitch.co

Series A in 2021
coinswitch.co is the world's first cryptocurrency exchange aggregator platform. It lists 250+ coin and 6000+ currency pairs. As of 2018, it has been hitting a volume of 1 million USD per day. Some of the exchanges listed on coinswitch.co are Bittrex, Changelly, Shapeshift and Cryptopia.