Casey Caruso

Partner

Fred Ehrsam

Co-Founder

Doug Feagin

Partner

Georgios Konstantopoulos

Research Partner

Charlie Noyes

General Partner

Caitlin Pintavorn

Partner

Past deals in Mining

Irreducible

Seed Round in 2023
Ulvetanna is an Enterprise Grade Zero-Knowledge Proof Acceleration Platform supporting web3 technologies.

Rain

Series B in 2022
Rain is a regulated cryptocurrency exchange based in the Middle East, providing a platform for buying, selling, and trading various digital currencies. The company operates within the framework of local regulations, ensuring compliance and security for its users. As a digital currency service provider, Rain aims to facilitate access to the growing cryptocurrency market, catering to both individual and institutional clients. Through its services, Rain supports the adoption of digital assets in the region, contributing to the overall development of the cryptocurrency ecosystem.

MoonPay

Series A in 2021
MoonPay is a financial technology company that specializes in creating payment infrastructure for the cryptocurrency sector. It offers a suite of products designed to facilitate the conversion between fiat currencies and cryptocurrencies, using various payment methods such as debit and credit cards, local bank transfers, and digital wallets like Apple Pay, Google Pay, and Samsung Pay. Operating in over 160 countries, MoonPay is recognized for its non-custodial payment system, which connects cryptocurrency exchange platforms with users, ensuring a streamlined transaction experience. The company is trusted by more than 250 leading wallets, websites, and applications to process payments and mitigate fraud, making it a key player in the crypto payments landscape.

GDA

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.

TaxBit

Series B in 2021
TaxBit is a company that specializes in cryptocurrency tax calculation and compliance services. It offers a software-as-a-service (SaaS) platform designed to assist investors, exchanges, and payment services with tax and accounting needs. The platform automates the collection and validation of financial information, integrates this data with existing financial systems, and supports robust examination processes. By streamlining digital asset accounting, TaxBit helps enterprises and government entities manage their tax obligations more efficiently.

Bitso

Series C in 2021
Bitso SAPI de CV is a prominent online trading platform based in Mexico City, founded in 2014, that facilitates the buying and selling of Bitcoin and other cryptocurrencies. As Mexico's first Bitcoin exchange, Bitso allows users to trade Bitcoin with the Mexican Peso, providing a secure and professional environment for cryptocurrency transactions. Users can fund their accounts through various options, including in-person deposits at designated locations across Mexico. The platform operates with a central limit order book, similar to traditional currency exchanges, ensuring efficient trade execution. Additionally, Bitso offers an API that enables third-party applications, such as trading and charting tools, to integrate with its platform, along with a dedicated mobile application for seamless trading activities.

Gitcoin

Series A in 2021
Gitcoin is a platform founded in 2017, based in Boulder, Colorado, that enables open source developers to monetize their work effectively. It allows developers proficient in various programming languages, including Python, Rust, Ruby, JavaScript, Solidity, HTML, and CSS, to receive compensation when their contributions are utilized. Built on the Ethereum network, Gitcoin employs smart contracts to align incentives among participants in the ecosystem, facilitating value creation without reliance on traditional legal mechanisms. The platform fosters collaboration between developers, repo maintainers, and financiers, emphasizing the importance of community in enhancing the success of open source projects. By integrating the local tech community's #givefirst ethos with financial incentives, Gitcoin aims to advance the development of open source software and strengthen community ties.

Chainalysis

Series D in 2021
Chainalysis Inc. is a blockchain analysis company that specializes in anti-money laundering software tailored for cryptocurrency businesses. Founded in 2014 and headquartered in New York, the company offers a range of products aimed at enhancing compliance and mitigating risks associated with cryptocurrency transactions. Key offerings include REACTOR, an interactive investigation tool that identifies offenders and visualizes data, and an API that provides transaction-based risk scoring by analyzing the sources and destinations of funds. Additionally, Chainalysis provides activity monitoring reports and diligence tools to help financial institutions assess emerging threats and estimate criminal revenues. Its services cater to government agencies, banks, exchanges, insurance companies, and cryptocurrency businesses, facilitating safer interactions within the decentralized financial landscape. The company also has offices in Copenhagen, Tokyo, and Singapore.

TaxBit

Series A in 2021
TaxBit is a company that specializes in cryptocurrency tax calculation and compliance services. It offers a software-as-a-service (SaaS) platform designed to assist investors, exchanges, and payment services with tax and accounting needs. The platform automates the collection and validation of financial information, integrates this data with existing financial systems, and supports robust examination processes. By streamlining digital asset accounting, TaxBit helps enterprises and government entities manage their tax obligations more efficiently.

Nebulous

Seed Round in 2020
Nebulous, Inc. is a company focused on developing blockchain hardware and software for the decentralized internet. Founded in 2014 and based in Boston, Massachusetts, it operates Sia, a decentralized cloud storage platform that creates a marketplace for data storage by connecting users in need of file storage with hosts offering underutilized hard drive capacity. Utilizing blockchain technology, Sia enhances security and cost-effectiveness, enabling transactions through smart contracts without the need for intermediaries. In addition to Sia, Nebulous offers Skynet, a decentralized content delivery network and file-sharing platform designed for developers, and SiaStream, which provides affordable storage solutions for media files, facilitating quick streaming. Through these initiatives, Nebulous aims to deliver a robust and economical alternative to traditional cloud storage providers.

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.

o1Labs

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.
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