Polychain Capital, founded in 2016 and based in San Francisco, is a venture capital firm that focuses on investing in blockchain technologies and digital assets. The firm is dedicated to advancing the global adoption of cryptocurrencies by actively managing portfolios that include various blockchain-based protocols and companies. As a Registered Investment Adviser, Polychain Capital aims to generate exceptional returns for its investors by leveraging the unique properties of digital assets, which are created and transmitted through cryptographic verification and game-theoretic principles.
Warlock Labs specializes in developing an omni-chain liquidation engine that enhances the safety and profitability of decentralized protocols. By recapturing maximum extractable value, the company's technology systematically removes intermediaries from the liquidation process. This approach allows miners to improve safety and efficiency while also increasing user retention and engagement with the protocols. Warlock Labs' innovative solutions aim to optimize the performance of decentralized finance applications, making them more secure and effective for users.
Level
Seed Round in 2025
Level is a fintech company that develops stakblecoin backed by restaked dollar tokens.
Biton
Venture Round in 2025
Biton is a full-chain ecology trading platform that offers services to simplify the trading process and mitigate cross-chain risks.
Fluent Labs
Seed Round in 2025
Fluent Labs is a blockchain development company. It aims to simplify blockchain development and enhance compatibility across different virtual machines.
Ethena
Funding Round in 2025
Ethena provides derivative infrastructure in order to transform Ethereum into the first crypto-native yield bearing stablecoin.
Oshi
Seed Round in 2025
Oshi is a platform that connects anime creators and fans worldwide, leveraging blockchain technology to facilitate collaborative creation and licensing transparency. It enables intellectual property owners to maintain control over their works while supporting anime production through a decentralized ecosystem.
Superform Labs
Venture Round in 2024
Superform is a non-custodial yield marketplace. The protocol enables access to Erc-4626 vaults using any Evmchain.
Hyperbolic Network
Series A in 2024
Hyperbolic is a software development company that specializes in creating decentralized computing platforms. It operates an open-source platform designed for artificial intelligence development by aggregating idle computing resources. This platform enables the building and deployment of AI models by harnessing collective computing capacity, allowing individuals and organizations to access a GPU network. Users can run AI interfaces and deploy models without the need for centralized infrastructures, promoting a more distributed approach to computing and AI development.
Talus Network
Seed Round in 2024
Talus Network is a pioneering blockchain-based platform that seeks to democratize artificial intelligence. It develops a decentralized system that merges blockchain technology with autonomous AI agents, fostering consumer-friendly on-chain AI applications, notably smart agents. These agents seamlessly integrate into everyday on-chain content, empowering developers to create secure, transparent, and efficient decentralized autonomous systems.
Noble XYZ
Series A in 2024
Noble XYZ is an asset issuance appchain that seeks to communicate and exchange assets directly with each other by using blockchain communication.
StakeStone
Seed Round in 2024
StakeStone is a technology company that develops an omnichannel liquidity protocol for optimizing crypto staking and asset management. Its protocol integrates dynamic staking networks, deep liquidity pools, and adaptive consensus mechanisms to maximize staking yields and ensure secure, transparent transactions. This enables cryptocurrency investors and developers to achieve efficient, scalable, and high-return staking operations across multiple blockchain networks.
Brevis
Seed Round in 2024
Brevis is an efficient, verifiable off-chain computation engine that brings limitless computation capacity to existing smart contract blockchains.
Yellow Card
Series C in 2024
Yellow Card is a financial technology company that operates an online cryptocurrency trading platform, facilitating secure and cost-effective transactions across Africa. It specializes in providing on/off ramp services for stablecoins like USDT, USDC, and PYUSD, enabling users to buy and sell these coins using their local currencies. The company partners with local merchants and vendors to sell vouchers that can be redeemed for cryptocurrency, simplifying the money transfer process and promoting e-commerce participation. As of 2021, Yellow Card has facilitated over US$3 billion in transactions across 20 African countries, operating in the United States, Nigeria, Tanzania, Cameroon, Kenya, and South Africa.
Yala
Seed Round in 2024
Yala is a technology company that develops and operates a modular, on-chain infrastructure. This system connects Bitcoin liquidity with a meta-yield stablecoin, enabling users in the decentralized finance (DeFi) market to securely and transparently earn yield on their Bitcoin holdings. The infrastructure is designed to be fully on-chain, permissionless, and capital-efficient, fostering a thriving and interconnected DeFi ecosystem on Bitcoin.
Bitlayer
Series A in 2024
Bitlayer is a pioneering Bitcoin second-layer network built on BitVM, designed to provide ultra-scalability while maintaining the security of the Bitcoin blockchain. The platform aims to enhance the Bitcoin ecosystem by offering security-equivalent scalability and promoting asset diversity. Through advanced cryptographic innovations and blockchain protocol engineering, Bitlayer enables Turing completeness, allowing for greater flexibility and faster interactions. This approach positions Bitlayer as a crucial computing layer for Bitcoin, facilitating a more innovative and secure user experience within the cryptocurrency landscape.
Apro Oracle
Seed Round in 2024
APRO Oracle specializes in providing comprehensive data support for the Bitcoin ecosystem. It is the most widely adopted oracle within this environment, utilizing the Time-Weighted Average Price (TVWAP) method to accurately calculate prices. APRO Oracle achieves this by aggregating data from top-tier institutional data suppliers and exchanges. To ensure security and reliability, the company operates a decentralized network of submitter nodes and collaborates with leading security audit firms. This allows clients to verify multiple data points off-chain, minimizing on-chain transactions and reducing gas costs.
Level
Seed Round in 2024
Level is a fintech company that develops stakblecoin backed by restaked dollar tokens.
Solayer Labs
Seed Round in 2024
Solayer Labs operates a re-staking network that builds upon the Solana blockchain, extending its capabilities to secure additional systems and enable horizontal scaling. By leveraging the economic security of SOL tokens and sharing Solana's validator network, Solayer allows application developers to achieve a higher degree of consensus and customize block space, enhancing the efficiency and versatility of decentralized cloud infrastructure.
Story Protocol
Series B in 2024
Story Protocol is a web3 technology developer focused on transforming the creation of narrative universes. The company provides a platform that allows creators to develop, govern, and license intellectual property on-chain, fostering ownership and motivation. By enabling the construction of an ecosystem of story components that can be remixed and composed, Story Protocol empowers creators to build narratives with clear incentives and control over their intellectual property.
Sahara AI
Series A in 2024
Sahara AI is a technology company that develops a decentralized blockchain platform for open, equitable, and collaborative artificial intelligence development. Its platform enables businesses to deploy personalized, autonomous AI securely and privately, while facilitating cross-agent communication, knowledge transfer, and capitalization. This allows businesses to maintain full control over their AI assets, monetize their proprietary knowledge, and scale their AI capabilities.
Hyperbolic Network
Seed Round in 2024
Hyperbolic is a software development company that specializes in creating decentralized computing platforms. It operates an open-source platform designed for artificial intelligence development by aggregating idle computing resources. This platform enables the building and deployment of AI models by harnessing collective computing capacity, allowing individuals and organizations to access a GPU network. Users can run AI interfaces and deploy models without the need for centralized infrastructures, promoting a more distributed approach to computing and AI development.
Namcon
Series A in 2024
Namcon provides blockchain infrastructure services that rely on numerous devices and trusted execution environments for secure computing.
ORA
Series A in 2024
ORA is a blockchain protocol designed to facilitate trustless AI and decentralized computing on the Ethereum network. It aims to enable developers to deploy AI models and utilize computing resources directly on the blockchain, leveraging its decentralized nature for security and scalability.
BabylonChain
Series B in 2024
Babylon builds security protocols to enhance the security of decentralized systems by leveraging Bitcoin's established security. The company's solutions include timestamping data on the Bitcoin blockchain and enabling Bitcoin holders to stake their coins on Proof-of-Stake blockchains without needing a custodian.
Cysic
Seed Round in 2024
Cysic is a blockchain company that specializes in providing zero-knowledge (ZK) hardware computation. It focuses on delivering real-time ZK proof generation in a manner that is faster, more cost-efficient, and user-friendly. The company develops a hardware design architecture platform aimed at offering hardware acceleration systems for zero-knowledge proof protocols. By utilizing this cryptographic technique, Cysic enables the verification of statements without disclosing their content, thereby facilitating secure transactions. Its innovative solutions are designed to help businesses scale their web-three applications and make advanced blockchain technology more accessible to a wider audience.
Intensity Labs
Seed Round in 2024
Intensity Labs pioneers Shogun, a breakthrough DeFi protocol based on purpose. Shogun enables users to traverse decentralized finance with purpose-driven interactions, resulting in a dynamic financial ecosystem.
Polymarket
Series A in 2024
Polymarket is a prediction market platform that allows users to bet on the outcomes of various global events using cryptocurrency. Polymarket operates on the Ethereum blockchain, utilizing the Polygon network to enhance scalability and reduce transaction costs. Users connect to the platform through an Ethereum-compatible wallet and use the USDC stablecoin to place bets on events, ranging from political outcomes to entertainment predictions​.
Botanix Labs
Seed Round in 2024
Botanix Labs is a technology company that develops decentralized applications (dApps) for the cryptocurrency ecosystem. It combines the strengths of Bitcoin and Ethereum to create a platform that offers diverse applications, including decentralized lending and wealth management, while ensuring fair distribution, decentralization, and security.
Movement Labs
Series A in 2024
Movement Labs is a modular framework platform that builds and deploys move-based blockchains and applications in distributed settings. Its platform offers a composable and horizontally scalable network that provides unparalleled smart contract security and asset portability to help users solve the cold start problem with unprecedented interoperability.
Berachain
Series B in 2024
Berachain is a blockchain development company focused on creating an Ethereum-compatible platform designed for financial applications. Its innovative technology allows for the use of staked assets within decentralized finance (DeFi) protocols, enhancing on-chain liquidity and capital efficiency. The company employs a proof of liquidity consensus mechanism to ensure sybil resistance, which fosters alignment of network incentives between validators and various projects within its ecosystem. By leveraging staked assets like staked ether, Berachain enables these locked assets to support the network's security while simultaneously facilitating their use in DeFi applications. This approach aims to provide clients with robust blockchain services that promote quality and efficiency in financial transactions.
Stream Trading
Seed Round in 2024
Stream Trading offers capital-efficient and low-latency software for optimal performance in DeFi.
Tomo
Seed Round in 2024
Tomo is an all-in-one Web3 social wallet that transforms users' online presence into a universal hub, fostering genuine, spam-free interactions and financial incentives. Tomo lets users connect directly with creators, participate in private discussions, and explore the new generation of digital art with Tomoji. Active participation earns users Tomo Points, enhancing your social capital.
Ritual
Venture Round in 2024
Ritual is a reaction to the aforementioned issues. Fundamentally, it is envisioned as an open, modular, and autonomous AI execution layer. Ritual connects a distributed network of nodes with access to compute and model developers.
Sofamon
Seed Round in 2024
Sofamon is a cryptocurrency consumer software company that aims to enhance user interaction in the digital space. It has developed a social platform tailored for launching blockchain projects, which includes features such as a personal chat sticker market. This allows users to create and manage their own sticker sets, invite friends, and engage in private group chats, fostering a more interactive and personalized communication experience. Through its innovative offerings, Sofamon seeks to transform how individuals connect and collaborate within the cryptocurrency community.
DappOS
Series A in 2024
dappOS is a company focused on improving the usability and accessibility of decentralized applications (dApps) and blockchain technology. It develops an operating protocol that simplifies interactions between users and various crypto infrastructures, including public blockchains and cross-chain bridges. By creating intuitive user interfaces and streamlining the user experience, dappOS aims to make dApps as user-friendly as mobile applications. The company's goal is to lower technical barriers, enabling a wider audience to engage with decentralized applications and facilitating mass adoption within a more interconnected blockchain ecosystem.
Sailing player
Seed Round in 2024
Sailing player is a high-tech enterprise focusing on blockchain, Web3.0, AR, and Yuanverse industries, focusing on research, development, and international application development.
Clique
Series A in 2024
Clique operates as a technology company focused on bridging web-two user behaviors with web-three applications through its identity wallet and compute coordination network. The company organizes diverse computing resources, which include co-processors for verifiable computations, oracles for data integration from various online sources, and specialized hardware tailored for privacy and secure computation. This infrastructure allows applications to efficiently access and leverage these resources while accommodating varying needs for trust, privacy, performance, and cost. Additionally, Clique's wallet incorporates privacy-preserving oracles and zero-knowledge proofs, enabling creators, sports figures, and brands to effectively manage interactions with their superfans, incentivize engagement, and explore shared ownership models. The company has secured over $11 million in funding from notable investors, enhancing its capabilities and growth potential.
Polyhedra Network
Series A in 2024
Polyhedra Network is an infrastructure company focused on developing a Web3 platform that enhances cross-chain communication through advanced zero-knowledge-proof protocols. The platform provides a secure bridge that facilitates interoperability among various layer-1 and layer-2 blockchains. By simplifying the complexities of cross-chain interactions, Polyhedra Network enables developers to create scalable and secure applications that can operate seamlessly across different blockchain environments.
Eclipse
Series A in 2024
Eclipse is building Ethereum's first Solana Virtual Machine Layer 2. While other L2 networks on Ethereum focus on providing Ethereum Virtual Machine (EVM) compatibility, Eclipse leans into performance improvements developed by the Solana Layer 1 and adds additional verification features to deploy the blockchain as a rollup. The Eclipse team includes veterans from dYdX, Uniswap, Citadel, and Airbnb. Eclipse Labs is backed by top investors including Polychain, Placeholder, and DBA.
Sahara AI
Seed Round in 2024
Sahara AI is a technology company that develops a decentralized blockchain platform for open, equitable, and collaborative artificial intelligence development. Its platform enables businesses to deploy personalized, autonomous AI securely and privately, while facilitating cross-agent communication, knowledge transfer, and capitalization. This allows businesses to maintain full control over their AI assets, monetize their proprietary knowledge, and scale their AI capabilities.
Talus Network
Seed Round in 2024
Talus Network is a pioneering blockchain-based platform that seeks to democratize artificial intelligence. It develops a decentralized system that merges blockchain technology with autonomous AI agents, fostering consumer-friendly on-chain AI applications, notably smart agents. These agents seamlessly integrate into everyday on-chain content, empowering developers to create secure, transparent, and efficient decentralized autonomous systems.
Gasp
Initial Coin Offering in 2024
A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.
AltLayer
Series A in 2024
AltLayer is a developer of a rollups-as-a-service platform focused on enhancing Web3 projects. The company offers a scalable application-dedicated execution layer system that derives security from underlying blockchain infrastructure. By providing an elastic and versatile scaling protocol, AltLayer aims to transform blockchain deployment, significantly improving time-to-market and allowing for customized application deployment. The platform enables users to utilize on-demand rollups, thereby benefiting from a flexible and scalable infrastructure tailored to their specific application needs.
Superform Labs
Seed Round in 2024
Superform is a non-custodial yield marketplace. The protocol enables access to Erc-4626 vaults using any Evmchain.
Squid
Series A in 2024
Squid is a financial software developer that creates a routing protocol facilitating cross-chain liquidity in the cryptocurrency market. Its platform enables users and developers to swap tokens seamlessly between different blockchains and access decentralized applications with ease. By utilizing an application programming interface and a software development kit, Squid allows for native token swaps and messaging across various chains with minimal coding requirements. This functionality empowers investors to engage with composable, cross-chain financial logic, enhancing their experience in the evolving crypto ecosystem.
Canza Finance
Seed Round in 2024
Canza Finance is focused on creating a decentralized finance platform aimed at improving access to financial services for underserved populations in Africa. By leveraging Web3 technology and blockchain, Canza Finance connects users with a network of local money market participants to facilitate financial transactions. The platform is designed to serve as an open financial portal, making it easier for individuals in emerging markets to access essential financial services without relying on traditional institutional frameworks. Through this innovative approach, Canza Finance aims to build the largest non-institutional-based financial system in the world.
Particle
Seed Round in 2024
Particle is a permissionless decentralized leverage trading technology that may be used with any digital asset, including tokens and NFTs. The Particle protocol allows traders to borrow directly from liquidity pools at automated market makers (AMMs) with concentrated liquidity
Bitfinity Network
Venture Round in 2024
Bitfinity Network is a creator of a blockchain platform that allows users to generate, stake, and swap tokens on their internet-connected computers. The company focuses on developing new decentralized finance (DeFi) cross-chain primitives. Its main services include research and development into cross-chain wallets that support Bitcoin and Ethereum Virtual Machine (EVM)-based chains and exchanges and automated market-making activities.
BabylonChain
Series A in 2023
Babylon builds security protocols to enhance the security of decentralized systems by leveraging Bitcoin's established security. The company's solutions include timestamping data on the Bitcoin blockchain and enabling Bitcoin holders to stake their coins on Proof-of-Stake blockchains without needing a custodian.
Sona
Seed Round in 2023
Sona is a new web3 streaming protocol that employs DeFi primitives (decentralized finance fundamental building blocks) to give artists more financial power through a rewards scheme, auctions, and ad-free streaming. Sona came out of the woodwork today, announcing the open beta launch of its first product, Sona Stream, a free music streaming service with no subscriptions or ads combined with a marketplace where artists share music and auction off SONAs, or "digital twins" or digital assets of songs that can only be owned by one person at a time.
Shrapnel
Series A in 2023
Shrapnel is a video game development company that focuses on creating moddable extraction shooter games. The company is distinguished by its team, which includes BAFTA and Emmy Award-winning talent, and it utilizes Unreal Engine 5 along with blockchain technology to enhance gameplay. Shrapnel's games are designed to promote competitive play, player creation, and ownership, leveraging the unique utilities that blockchain offers. The company's core game design innovates on competitive game modes, enabling players to earn rewards and actively participate in a digital economy, thereby empowering the gaming community.
Noble XYZ
Seed Round in 2023
Noble XYZ is an asset issuance appchain that seeks to communicate and exchange assets directly with each other by using blockchain communication.
Drift
Series A in 2023
Drift Protocol is a developer of a decentralized derivatives exchange that focuses on providing on-chain, cross-margined perpetual futures trading on the Solana blockchain. The platform aims to enhance the efficiency of trading futures through an upgraded decentralized system that features a new pegging mechanism. This innovation allows users to adjust liquidity based on market demand and open interest, thereby improving the overall trading experience. Drift Protocol's approach positions its exchange as a competitive option for margin trading within the decentralized finance space.
GoldLink
Pre Seed Round in 2023
GoldLink operates a decentralized finance (DeFi) platform that facilitates on-chain, leveraged lending to borrowers. It offers risk management tools, real-time data visualization, and access to advanced investment strategies, aiming to enhance profits and transparency in the DeFi market.
Manta Network
Series A in 2023
Manta Network is focused on creating a secure and interoperable digital ecosystem through the use of Zero-Knowledge technology. The company operates a decentralized exchange platform designed to protect user privacy and prevent tracking of activities. By utilizing a protocol based on substrate frameworks, Manta Network offers end-to-end anonymity, high throughput, and robust cross-chain interoperability. This enables users to exchange data in a secure environment, prioritizing privacy and security in their transactions.
P0x Labs
Series A in 2023
P0x labs is the team behind Manta Network is a privacy-preserving technology operating on the Polkadot blockchain.
Connext
Series A in 2023
Connext, Inc. is a technology company based in San Francisco, California, founded in 2017 by Arjun Bhuptani, Layne Haber, and Rahul Sethuram. The company specializes in developing software that facilitates the purchase and management of blockchain applications. It offers features such as direct card purchases for tokens, access to existing vaults, decentralized compliance, and walletless signature capabilities. Additionally, Connext operates as an interoperability protocol, enabling fast and trustless communication between different blockchains. This innovation supports the creation of a more interconnected blockchain ecosystem.
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.
Berachain
Series A in 2023
Berachain is a blockchain development company focused on creating an Ethereum-compatible platform designed for financial applications. Its innovative technology allows for the use of staked assets within decentralized finance (DeFi) protocols, enhancing on-chain liquidity and capital efficiency. The company employs a proof of liquidity consensus mechanism to ensure sybil resistance, which fosters alignment of network incentives between validators and various projects within its ecosystem. By leveraging staked assets like staked ether, Berachain enables these locked assets to support the network's security while simultaneously facilitating their use in DeFi applications. This approach aims to provide clients with robust blockchain services that promote quality and efficiency in financial transactions.
Polyhedra Network
Series A in 2023
Polyhedra Network is an infrastructure company focused on developing a Web3 platform that enhances cross-chain communication through advanced zero-knowledge-proof protocols. The platform provides a secure bridge that facilitates interoperability among various layer-1 and layer-2 blockchains. By simplifying the complexities of cross-chain interactions, Polyhedra Network enables developers to create scalable and secure applications that can operate seamlessly across different blockchain environments.
Cubist
Seed Round in 2023
Cubist is a developer of a web3 key management platform that aims to enhance the safety and efficiency of building decentralized applications (dapps). Its modular toolkit allows users to swiftly create, test, and deploy multi-chain and cross-chain dapps through automated pipelines that manage keys and sequencing. By integrating modern software engineering practices with robust security measures, Cubist facilitates the development of secure cross-chain applications from a single program, catering to the needs of web3 builders.
Scroll.io
Venture Round in 2023
Scroll.io provides a native zkEVM scaling solution for Ethereum. The company upholds the Ethereum network's high-security features while offering users nearly instantaneous, inexpensive transactions.
Space ID
Series A in 2023
Space ID is focused on creating a universal name service network that facilitates the connection of individuals, data, and assets across various blockchains and applications. The company is developing a decentralized identity protocol that allows for the representation of all identities and multi-chain addresses. This includes features such as composable naming layouts, connected identifiers, and customized top-level domains that provide a human-readable identity. Additionally, Space ID integrates with NFT projects, enabling communities to enhance user engagement and growth through the use of personalized domain names.
Polyhedra Network
Seed Round in 2023
Polyhedra Network is an infrastructure company focused on developing a Web3 platform that enhances cross-chain communication through advanced zero-knowledge-proof protocols. The platform provides a secure bridge that facilitates interoperability among various layer-1 and layer-2 blockchains. By simplifying the complexities of cross-chain interactions, Polyhedra Network enables developers to create scalable and secure applications that can operate seamlessly across different blockchain environments.
Nil Foundation
Venture Round in 2023
Nil Foundation facilitates and supports research in database management systems and applied cryptography.
Quasar Labs
Seed Round in 2023
Quasar Labs operates a digital asset management platform that simplifies investing within the multi-chain universe. The platform allows users to create and join independent asset containers, known as Vaults, which utilize inter-blockchain communication (IBC) technology to facilitate value capture across different blockchains, particularly in the Cosmos ecosystem. This innovative approach addresses the fragmentation within decentralized finance (DeFi) by providing a streamlined and secure method for investors to manage their digital assets. Quasar Labs empowers investors to efficiently design Vaults and aggregate liquidity, making it easier for them to put their digital assets to work with minimal effort.
Vana
Seed Round in 2023
Vana is a decentralized platform that empowers individuals to take ownership of their data and monetize it while contributing to the development of artificial intelligence. By focusing on user-owned data, Vana provides tools for managing and profiting from AI models, ensuring that data contributions are cryptographically verified for privacy. The platform facilitates data portability, allowing users to log in with their wallets and access their information across multiple platforms without centralized control. Additionally, Vana incorporates decentralized autonomous organizations (DAOs), enabling users to share various types of data, such as social media profiles, in exchange for benefits. This innovative approach encourages personalized applications while maintaining individual data control.
Finterest
Seed Round in 2022
Finterest is a financial platform that focuses on decentralized finance and web3 technologies. It operates as a lending protocol that enables users to lend and borrow native Bitcoin, as well as other cryptocurrencies like ICP and stablecoins. The platform also includes a governance feature that allows token holders to vote on potential future tokens for integration, including Ethereum. By facilitating these financial activities, Finterest aims to enhance user engagement and incentivize the utilization of its protocol.
Evertas
Series A in 2022
Evertas is a crypto insurance company that specializes in providing regulated insurance and risk mitigation solutions for crypto assets. The company targets institutional holders, including exchanges, custodians, traditional financial institutions, funds, family offices, and high-net-worth individuals. Evertas offers a comprehensive underwriting framework along with a tailored policy form and claims handling services. Additionally, the company provides compliance and audit services, risk assessments, incident management, and asset recovery to help businesses secure their crypto assets and minimize transaction risks.
Fleek
Series A in 2022
Fleek is an open web platform that installs anything on a computer or deals with the command line. The platform is helping to build the tools necessary to make the Open Web available to anyone, and easy to build on. It makes it easy to build websites and apps on the new open web: permissionless, trustless, censorship-resistant, and free of centralized gatekeepers. Using Open Web protocols that make a decentralized, trustless, and permissionless infrastructure native to the web. This stack is ever-shifting and open-source.
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.
Evmos
Seed Round in 2022
Evmos is an interoperability platform designed to connect Ethereum-based applications and assets within the Cosmos ecosystem. It enables the discovery and deployment of new blockchain applications, enhancing the functionality of the Ethereum Virtual Machine (EVM) by facilitating cross-chain interactions. This approach allows developers to create applications that can operate seamlessly across both EVM and Cosmos-based blockchains, tapping into the liquidity and user bases of various ecosystems. By promoting interoperability, Evmos aims to provide a more unified user experience while introducing innovative token economics and in-protocol incentives, thereby supporting the launch of interoperable contracts.
Light Protocol
Seed Round in 2022
Light Protocol focuses on enhancing privacy in cryptocurrency transactions, allowing users to send crypto securely and privately. The company has developed a platform that enables developers to integrate private transactions into applications built on the Solana blockchain. By facilitating the deposit of cryptocurrencies into dedicated Light Cash pools and allowing withdrawals through new addresses, Light Protocol ensures that sensitive user data remains protected. This approach aims to support the mainstream adoption of cryptocurrency by addressing privacy concerns and providing a scalable solution for developers to incorporate private transactions into decentralized applications.
Celestia
Series A in 2022
Celestia is a provider of modular blockchain networks based in Vaduz, Liechtenstein. Founded in 2019, the company specializes in deploying decentralized blockchains without the need for extensive initial setup. Celestia's platform serves as a scalable data availability layer for decentralized applications and sidechains with minimal trust requirements. This allows developers to efficiently store and manage blockchain data collectively, optimizing performance for various applications.
Tapio Protocol
Seed Round in 2022
Tapio Protocol is a synthetic asset protocol that unifies different formats of staking and crowdloan derivatives into an efficient standard. Tapio is powered by the Stable Asset system, which enables efficient trading while minimizing risk by utilizing uniform, closely pegged assets with stable swaps and stable asset capabilities.
Pine Street Labs
Seed Round in 2022
Pine Street Labs specializes in developing enterprise wallet software aimed at expanding and democratizing the use of public blockchains. The company simplifies the complexities associated with accessing various blockchain networks, allowing enterprises to focus on their core business activities. Its walletOS solution enables organizations to manage custody operations in-house and facilitates the introduction of new blockchain initiatives. The platform supports a range of functionalities, including sending and receiving transactions, staking, and executing smart contract calls. It offers a composable developer experience through a well-defined API, which allows seamless integration and minimizes reliance on third-party services. Designed for mission-critical environments, Pine Street Labs empowers customers to execute any transaction efficiently with a single integration.
Uniswap
Series B in 2022
Uniswap Labs is a software company founded in 2018 by Hayden Adams, who created the Uniswap Protocol, a decentralized platform for swapping digital assets. The protocol has facilitated $2.75 trillion in transaction volume since its inception. Uniswap Labs focuses on developing widely used decentralized finance (DeFi) products, including a user-friendly web interface, a self-custody mobile wallet, and an API tailored for professional market participants. The platform empowers liquidity providers and traders by offering a financial marketplace that is open and accessible to all. Utilizing smart contracts, it enables secure and decentralized on-chain conversions of assets, allowing users to trade tokens directly without intermediaries while defining asset prices based on the liquidity staked in the system.
Eclipse
Pre Seed Round in 2022
Eclipse is building Ethereum's first Solana Virtual Machine Layer 2. While other L2 networks on Ethereum focus on providing Ethereum Virtual Machine (EVM) compatibility, Eclipse leans into performance improvements developed by the Solana Layer 1 and adds additional verification features to deploy the blockchain as a rollup. The Eclipse team includes veterans from dYdX, Uniswap, Citadel, and Airbnb. Eclipse Labs is backed by top investors including Polychain, Placeholder, and DBA.
Yellow Card
Series B in 2022
Yellow Card is a financial technology company that operates an online cryptocurrency trading platform, facilitating secure and cost-effective transactions across Africa. It specializes in providing on/off ramp services for stablecoins like USDT, USDC, and PYUSD, enabling users to buy and sell these coins using their local currencies. The company partners with local merchants and vendors to sell vouchers that can be redeemed for cryptocurrency, simplifying the money transfer process and promoting e-commerce participation. As of 2021, Yellow Card has facilitated over US$3 billion in transactions across 20 African countries, operating in the United States, Nigeria, Tanzania, Cameroon, Kenya, and South Africa.
Rio Network
Seed Round in 2022
Rio Network operates a public proof-of-stake blockchain platform designed for the issuance, investment, and life-cycle management of digital securities and crypto assets. The platform facilitates the issuance of liquid restaking tokens, where the weight of validators is based on the amount of staking tokens bonded as collateral. This structure allows users to achieve a risk-managed total return while maintaining liquidity. By providing these services, Rio Network aims to enhance the efficiency and accessibility of digital asset management for its users.
MatchboxDAO
Seed Round in 2022
MatchboxDAO operates a gaming platform focused on developing the infrastructure for on-chain games. The company provides essential developer tools, infrastructure, and open-source primitives that facilitate the creation and deployment of fully on-chain games. By offering these resources, MatchboxDAO aims to simplify the process for developers, allowing them to easily access and utilize the necessary components to build innovative gaming experiences. Additionally, the organization is actively engaged in fostering a collaborative environment, as evidenced by its initiative to host a virtual hackathon aimed at encouraging the development of tools on the Starknet network.
END-Labs
Seed Round in 2022
END-Labs is a blockchain development studio focused on creating Web3 lending infrastructure. The company develops a suite of blockchain-based products aimed at transforming financial interactions by connecting fiat-native borrowers with institutional decentralized finance (DeFi) capital to enhance capital efficiencies. Its platform is designed as an application-specific blockchain that supports a variety of decentralized applications, allowing these applications to work together within the broader blockchain ecosystem. This integration enables borrowers to identify the most cost-effective sources of capital and optimize terms based on the assets they intend to use as collateral.
Aurigami
Funding Round in 2022
Aurigami is a decentralized, non-custodial liquidity protocol that enables users to lend, borrow, and earn interest on their digital assets. The platform emphasizes minimizing risks associated with smart contracts and liquidations, allowing customers to participate in a secure financial environment. Users can earn passive income by providing liquidity, while borrowers can access funds through an over-collateralization model. Aurigami distinguishes itself from similar protocols by incorporating gamification elements, enhancing user engagement and experience within the decentralized finance space.
Nomad
Venture Round in 2022
Nomad is a novel approach to blockchain interoperability that leverages an optimistic mechanism to increase the security of cross-chain communication.
Quasar Labs
Seed Round in 2022
Quasar Labs operates a digital asset management platform that simplifies investing within the multi-chain universe. The platform allows users to create and join independent asset containers, known as Vaults, which utilize inter-blockchain communication (IBC) technology to facilitate value capture across different blockchains, particularly in the Cosmos ecosystem. This innovative approach addresses the fragmentation within decentralized finance (DeFi) by providing a streamlined and secure method for investors to manage their digital assets. Quasar Labs empowers investors to efficiently design Vaults and aggregate liquidity, making it easier for them to put their digital assets to work with minimal effort.
DSCVR
Seed Round in 2022
DSCVR is an innovative Web3 social network designed to reward users for creating quality content while addressing usability challenges in the crypto space. Built on a decentralized protocol, DSCVR facilitates peer-to-peer transactions of non-fungible tokens (NFTs) and airdrops directly within the platform, eliminating the need for external wallets. The platform serves as a launchpad for tokenized communities, allowing users to establish governance rules, define roles, and incentivize participation through airdrops, all while fostering engagement among crypto and NFT enthusiasts. DSCVR also features an open application programming interface (API) and includes a Discord bot that enables creators and partners to access content distribution and monetization opportunities. The platform's focus on seamless integration and user experience positions it as one of the most active social products in the Web3 landscape.
Hologram Labs
Seed Round in 2022
Hologram Labs is an innovative platform focused on digital identities and virtual beings. The company utilizes advancements in 3D technology, machine learning, and web3 to facilitate the creation, ownership, and engagement with immersive virtual characters and experiences within online communities. Hologram's self-expression engine transforms real-life assets into digital formats, employing motion-captured avatar technology that converts static avatars into dynamic, motion-tracked versions. This functionality is accessible through a browser extension, allowing users to animate their own avatars for video calls and create both short and long-form videos.
AltLayer
Seed Round in 2022
AltLayer is a developer of a rollups-as-a-service platform focused on enhancing Web3 projects. The company offers a scalable application-dedicated execution layer system that derives security from underlying blockchain infrastructure. By providing an elastic and versatile scaling protocol, AltLayer aims to transform blockchain deployment, significantly improving time-to-market and allowing for customized application deployment. The platform enables users to utilize on-demand rollups, thereby benefiting from a flexible and scalable infrastructure tailored to their specific application needs.
Veridise
Funding Round in 2022
Veridise is a blockchain security company that specializes in identifying and addressing vulnerabilities in various blockchain applications. Founded by a team of experienced researchers, Veridise is renowned for its expertise in auditing Zero-Knowledge Circuits, MetaMask Snaps, smart contracts, and various decentralized finance protocols. The firm employs a hybrid approach that combines traditional auditing methods with automated Web3 security tools, enabling it to uncover critical vulnerabilities that other firms may overlook. In the first half of 2023, Veridise identified over 100 high-severity bugs, demonstrating its effectiveness in enhancing blockchain security. The company also offers a comprehensive platform for automatically auditing smart contracts, allowing clients to implement formal methods for improved security and correctness in their blockchain projects.
Commonwealth Labs
Venture Round in 2022
Commonwealth Laboratories, Inc. is a diagnostic laboratory based in San Francisco, California, specializing in diagnostic tests for various functional gastrointestinal disorders. Founded in 1985, the company provides essential resources for healthcare providers to enhance the diagnostic process. By offering specialized testing services, Commonwealth Laboratories aims to improve the understanding and treatment of gastrointestinal conditions, thus supporting better patient outcomes.
EigenLabs
Pre Seed Round in 2022
EigenLabs is a blockchain infrastructure startup that enables the restaking of ETH across various decentralized applications. They also provide developers with access to the Ethereum staked capital base and decentralized validator set. Traditionally, staking requires validators to lock up ETH as a security deposit to engage in the network's consensus mechanism, earning rewards for contributing to network security and validating transactions. However, once ETH is staked, it is generally immobilized until withdrawn, restricting validators from utilizing these assets elsewhere. EigenLayer aims to tackle this challenge by allowing staked ETH to be restaked across diverse decentralized applications and services without removing it from the original consensus mechanism.
Satori
Seed Round in 2022
Satori is a decentralized financial derivatives exchange tailored for both retail and institutional investors within the Polkadot ecosystem. The platform is designed to accommodate experienced traders, allowing them to leverage the potential of DOT through access to a dedicated derivatives environment. Satori collaborates with parachains, market makers, and retail users, facilitating a comprehensive trading experience that meets the demands of diverse market participants.
Bluefin
Venture Round in 2022
Bluefin operates a decentralized derivatives exchange that leverages innovative blockchain technology to facilitate access to global financial markets. The platform is designed for both novice and experienced traders, offering features such as leverage trading, short selling, and rapid trade settlement. By combining the security and transparency of decentralized systems with the efficiency and low costs typically associated with centralized exchanges, Bluefin aims to democratize trading for users worldwide. The company is supported by a group of prominent investors, enhancing its position in the competitive trading landscape.
Gasp
Venture Round in 2022
A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.
Scroll.io
Series A in 2022
Scroll.io provides a native zkEVM scaling solution for Ethereum. The company upholds the Ethereum network's high-security features while offering users nearly instantaneous, inexpensive transactions.
CoinDCX
Series D in 2022
CoinDCX is a Mumbai-based company founded in 2018 that specializes in crypto-enabled financial services. It offers a comprehensive cryptocurrency trading platform that facilitates legal transactions of multiple cryptocurrencies and allows users to withdraw funds to their bank accounts. The platform is designed to provide a secure and trusted environment for customers to learn about cryptocurrencies, while also delivering a fast and reliable trading experience through its liquidity, powerful wallet, and strong security measures. CoinDCX aims to democratize finance by making investments more accessible to a diverse range of traders, catering to various trading experiences, risk tolerances, and trading frequencies.
Nomad
Seed Round in 2022
Nomad is a novel approach to blockchain interoperability that leverages an optimistic mechanism to increase the security of cross-chain communication.
Quai Network
Seed Round in 2022
Quai Network develops merge-mined blockchains with the goal of creating efficient blockchains.
Allora Labs
Series A in 2022
Allora Labs is a blockchain-based protocol focused on providing reliable appraisals for digital assets, particularly in the realm of non-fungible tokens (NFTs). The company has developed a platform that incentivizes experts to deliver honest insights, thereby facilitating efficient price discovery for NFTs. By compensating these experts for their assessments, Allora Labs not only unlocks new opportunities for professionals in the field but also enhances decision-making for crypto developers. The platform employs machine learning to analyze credible information, allowing users to optimize strategies and quantify risks in the rapidly evolving digital asset market.
Gauntlet
Series B in 2022
Gauntlet is a developer of a financial modeling and simulation platform aimed at enhancing the safety and efficiency of blockchain protocols and smart contracts. The company's platform utilizes agent-based simulation to analyze and optimize key parameters of various protocols, which helps improve capital efficiency, fees, risk management, and incentive structures. By modeling market risk and economic incentives, Gauntlet enables clients to maximize their returns while minimizing potential risks. Its applied research and optimization teams focus on driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, ultimately enhancing financial performance for businesses in the blockchain ecosystem.
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