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.
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.
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.
Monkey Tilt
Series A in 2024
Monkey Tilt is a technology company that operates a crypto fantasy sports platform. It offers an integrated online gaming experience, combining traditional casino games, sports, poker, and cryptocurrency-based gambling. The platform aims to provide users with authentic casino experiences while leveraging the latest crypto innovations and fostering a social and lifestyle-oriented community.
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.
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.
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.
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.
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.
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.
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.
Monkey Tilt
Venture Round in 2024
Monkey Tilt is a technology company that operates a crypto fantasy sports platform. It offers an integrated online gaming experience, combining traditional casino games, sports, poker, and cryptocurrency-based gambling. The platform aims to provide users with authentic casino experiences while leveraging the latest crypto innovations and fostering a social and lifestyle-oriented community.
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.
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.
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.
Thetanuts Finance
Venture Round in 2023
Thetanuts Finance operates a decentralized finance platform that specializes in structured products and customizable vaults aimed at generating yield. It provides treasury management solutions for decentralized autonomous organizations (DAOs) and assists retail traders in earning returns on their tokens. The platform simplifies options trading, making it more accessible to a wider range of investors. By enabling users to monetize volatility in a risk-adjusted manner, Thetanuts creates new opportunities for competitive yield generation across various blockchains. Its focus on making complex financial instruments easy to use empowers both individual investors and organizations to navigate the crypto derivatives landscape effectively.
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.
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.
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.
Kollider
Seed Round in 2022
Kollider develops tools and services designed to enhance access to financial markets through the use of Bitcoin's Lightning Network. The company offers an online trading platform that simplifies the buying and selling of cryptocurrencies, allowing users to open and close positions directly from their digital wallets. This streamlined approach aims to empower crypto traders by improving their return on investment and making trading more accessible across borders.
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.
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.
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.
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.
Aspen Creek Digital Corporation
Series A in 2022
Aspen Creek Digital is a company focused on renewable Bitcoin mining, aiming to promote the decarbonization of power generation. Established in 2021 and headquartered in El Segundo, California, it utilizes a strategic combination of behind-the-meter and wholesale resources. This approach not only reduces the overall cost of retail power but also facilitates access to on-site renewable energy and storage projects for users. By supporting sustainable practices in Bitcoin mining, Aspen Creek Digital contributes to a greener future.
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.
Vespene Energy
Seed Round in 2022
Vespene Energy focuses on converting landfill methane into renewable energy, specifically for bitcoin mining operations. By establishing onsite data centers, the company aims to mitigate and monetize methane emissions that would typically be flared, thereby reducing both environmental impact and maintenance costs. This approach allows landowners to profit from bitcoin mining while simultaneously contributing to a more sustainable energy future. Through its innovative services, Vespene Energy strives to transform wasted energy from landfills into a valuable resource, promoting environmental sustainability and economic benefits for landowners.
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.
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.
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.
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.
KurateDAO
Seed Round in 2022
KurateDAO provides an infrastructure for content curation, with the process being divided up into three roles: curators, scouts and viewers.
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.
Vana
Series A in 2022
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.
BBS Network
Seed Round in 2021
BBS Network is a SocialFi project that allows sharing content to reward creators, curators, and other stakeholders with their own native testimony. The revenue generated by the platform is shared among all participants in the BBS ecosystem in a fully automated, transparent, and market-driven way.
Structure
Seed Round in 2021
Structure operates a global trading platform designed to facilitate cryptocurrency investing and lending for mobile users. The platform caters to investors of all experience levels, providing a user-friendly and secure space for trading digital assets. It enables users to participate in decentralized finance (DeFi) and crypto markets, allowing them to earn, borrow, and lend. Structure offers round-the-clock access and hands-on support, ensuring seamless transactions and helping investors diversify their portfolios according to their investment objectives and risk tolerance.
Anoma
Series A 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.
Saddle
Series A in 2021
Saddle Finance operates an automated market maker (AMM) platform specifically designed for trading pegged value crypto assets. Its innovative financial trading platform facilitates trading and earning opportunities with these assets by utilizing a tokenized bitcoin pool. This approach enhances on-chain liquidity, allowing traders to execute transactions with minimal slippage and reduced transaction fees. By focusing on the unique requirements of pegged value assets, Saddle Finance aims to provide an efficient and cost-effective trading experience for its users.
Spectral
Venture Round in 2021
Spectral is a New Rochelle, New York-based company founded in 2020 that focuses on programmable creditworthiness through its innovative platform. The company provides valuable credit risk insights to its partners by utilizing on-chain data, thereby enhancing business decisions and offerings. Users can access new financial opportunities through the Multi-Asset Credit Risk Oracle (MACRO) Score, which serves as an on-chain equivalent to a traditional FICO score, allowing individuals to check their on-chain credit scores. Additionally, Spectral offers an AI-powered platform that simplifies the creation and deployment of smart contracts, enabling developers to generate complex contracts using natural language, thus accelerating development time and minimizing errors.
AscendEX
Series B in 2021
AscendEX is a global operator of digital asset exchanges catering to a diverse clientele, including both retail and institutional investors. The company has developed a comprehensive trading platform that facilitates the buying and selling of cryptocurrencies. Its offerings include access to financial derivatives, cash trading, margin trading, and later-stage leveraged trading on a variety of tokens. This robust platform enhances liquidity provision and presents growth opportunities within the cryptocurrency ecosystem for its users.
Sommelier
Series A in 2021
Sommelier is a financial platform focused on decentralized finance (DeFi) that caters to traders and liquidity providers. It features a modular protocol, a bi-directional Ethereum bridge, and automated signature management, ensuring a secure environment through decentralized governance. The platform enables users to author and execute complex and automated financial transactions, such as portfolio rebalancing and limit orders. By providing these capabilities, Sommelier aims to bridge the gap between the functionalities offered by centralized finance and those available in the DeFi space, delivering a robust solution for modern financial transactions.
Solend
Seed Round in 2021
Solend is a decentralized finance (DeFi) platform that facilitates borrowing and lending of cryptocurrency. It primarily serves users within the Solana ecosystem, providing them with diverse opportunities to profit from their assets. The platform enhances capital efficiency by allowing users to earn yields on idle funds and implement various DeFi yield strategies. Users can choose to lend or borrow funds, primarily using stablecoins or SOL, the native cryptocurrency of Solana. By enabling individuals to act as mini-banks, Solend aims to transform the traditional lending process in the cryptocurrency market.
Yellow Card
Series A in 2021
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.
Orca
Series A in 2021
Orca is a decentralized cryptocurrency exchange built on the Solana blockchain, facilitating instant token swaps with minimal transaction fees. The platform is designed to handle thousands of transactions per second, ensuring low latency and capital-efficient trading. Users can exchange tokens while receiving fair pricing and have the option to provide liquidity to trading pools, allowing them to earn a share of the trading fees generated on the platform.
Ava Labs
Initial Coin Offering in 2021
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.
Bluefin
Venture Round in 2021
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.
Offchain Labs
Series B in 2021
Offchain Labs, Inc. is a technology company based in Princeton, New Jersey, founded in 2018. It focuses on developing a decentralized platform that enhances the scalability and privacy of Ethereum smart contracts. The company's solutions cater to various sectors, including gaming, financial applications, and consortium blockchains, specifically utilizing its initial product, Arbitrum. Offchain Labs aims to provide developers and users with the benefits of off-chain transaction efficiency while maintaining the simplicity and security associated with on-chain methodologies.
Kresko
Seed Round in 2021
Kresko is focused on enhancing access to wealth through its innovative online platform for synthetic stocks, commodities, and cryptocurrencies. This platform allows users to manage their assets in a single application, facilitating activities such as minting, swapping, pooling, and farming. Kresko’s synthetic asset protocol emphasizes capital efficiency and an improved user experience, while also providing a clear overview of portfolio health and associated risks. By offering a frictionless listing of assets, Kresko enables developers to seamlessly incorporate crypto assets into their applications and wallets, making it easier for individuals to engage with digital finance.
CoinDCX
Series C in 2021
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.
Thesis*
Series A in 2021
Thesis is a venture studio that develops and invests in decentralized technologies empowering individuals financially. It has incubated projects like Keep Network, a privacy protocol for public blockchains; Fold, enabling Bitcoin earnings on everyday purchases; Saddle, a community-owned stablecoin swap protocol; and Tally Ho, a community-governed cryptocurrency wallet.
Valora
Series A in 2021
Valora is a mobile crypto wallet that aims to simplify the use of cryptocurrencies and decentralized finance for individuals around the world. Its platform is designed for accessibility, allowing users, even those with basic smartphones, to send, save, and spend crypto with the same ease as sending a text message. Valora's application emphasizes user-friendly navigation while ensuring robust cryptographic security and privacy features, enabling secure money transfers across borders with a simple tap. By leveraging blockchain technology, Valora seeks to empower the estimated 6 billion smartphone users globally, making digital currencies practical and usable in everyday transactions.
Shipyard Software
Seed Round in 2021
Shipyard Software is focused on creating a variety of decentralized exchanges and tools for the cryptocurrency market, catering specifically to retail traders. Its flagship product, Clipper DEX, is designed to deliver optimal pricing for crypto trades valued under $50,000, while its latest offering, Longship, serves as a derivatives DEX that mitigates toxic order flow and allows experienced traders to access DeFi-native perpetual contracts with leverage up to 100 times. The company operates within a broader decentralized finance ecosystem governed by AdmiralDAO, which aims to promote equitable trading environments globally. Founded in 2021 and based in San Francisco, Shipyard Software seeks to enhance the trading experience for self-directed cryptocurrency traders.
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.
t3rn
Seed Round in 2021
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.
SynFutures
Series A in 2021
SynFutures operates a decentralized derivatives platform that facilitates the trading of synthetic assets, allowing users to create and trade various digital asset pairs using a single digital token as margin. The platform aims to establish an open and trustless derivatives market by enabling trading on any asset with a price feed. By promoting a free market environment and increasing the diversity of tradable assets, SynFutures seeks to lower the barriers to entry in the derivatives market, thereby fostering a more equitable exchange for digital assets.
Umee
Seed Round in 2021
Umee is the most programmable, safety-first lending algorithm built as a blockchain that enables seamless borrowing and lending of digital assets between distinct blockchain ecosystems. Umee is reshaping the global debt markets in Web3.
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