Fulgur Ventures is a venture capital firm focused on funding the Bitcoin economy, investing globally from pre-seed to pre-IPO stages. The firm targets Bitcoin infrastructure and related sectors, including consumer wallets, applications, gaming, media, entertainment, and financial infrastructure, and maintains an Asia-focused expansion through Fulgur Asia. It offers capital, network access, and strategic guidance to founders, and aims to help navigate regulatory and industry standards as the ecosystem evolves. Founded in 2019, the firm emphasizes a long-term belief in the Bitcoin network and its growing ecosystem.

Lightning Ventures is a Bitcoin-focused venture platform that connects accredited investors with founders building the Bitcoin ecosystem. Based in New York, it concentrates on startups developing Bitcoin and open-source technologies and supports Lightning Network adoption worldwide. The firm operates a Bitcoin-native network of investors, operators, and developers and conducts direct investments through its fund and investor syndicate. It emphasizes a transparent, straightforward investment experience and professional deal access, aiming to align capital with founders and accelerate growth across the Bitcoin ecosystem.

Sora Ventures is a venture capital firm founded in 2018 and based in Taipei City, Taiwan. It focuses on blockchain and digital asset investments across Asia and supports portfolio companies with capital formation, governance, and operating expertise.

Sats Ventures is a venture capital firm focused on investing in innovative projects within the Bitcoin ecosystem and beyond, backing startups across pre-seed to private rounds and supporting efforts such as AI-powered payment networks, Bitcoin multi-sig protocols, layer-2 scaling solutions, stablecoins, blockchain infrastructure, decentralized finance, on-chain asset management, Bitcoin credit platforms, and DEX aggregators, with a goal of backing ambitious founders pushing forward digital finance and decentralized technology, guided by a team of experienced professionals.

Pantera Capital is a San Francisco-based investment firm focused exclusively on blockchain technology, Bitcoin and other digital currencies, and related companies. Founded in 2003 by Dan Morehead, the firm shifted from macro hedge fund investing to crypto-focused opportunities and has grown into an institutional asset manager with about 3.5 billion in assets under management, deploying capital across venture equity, early-stage tokens, and liquid token investments.

Digital Currency Group is a corporate venture capital firm based in Stamford, Connecticut, founded in 2013. It invests in companies across cryptocurrency, blockchain, gaming, decentralised finance, security, web3 infrastructure, platforms, big data, and wallets, among other related sectors, to support innovation in digital currencies. The firm leverages its network, insights, and capital to help portfolio companies grow. DCG also operates CoinDesk, a prominent blockchain media and events platform, Genesis Trading, a bitcoin brokerage, and Grayscale Investments, a digital currency asset manager.

Ego Death Capital is a venture capital firm headquartered in Austin, Texas, focused on blockchain companies and the bitcoin ecosystem, including bitcoin layer 3 projects.

Waterdrip Capital is a venture capital firm established in 2017 and based in Shanghai, China. It focuses on blockchain, Web3, AI, and related hardware, investing in a global portfolio of projects across AI infrastructure, DePIN services, Bitcoin-related technologies, and other crypto-enabled sectors such as RWA and compliant finance. The firm is backed by senior practitioners from the blockchain industry and operates with a technical and financial focus. The leadership includes professionals with backgrounds in chip design, blockchain evangelism, accounting, and mining, supplying deep domain knowledge to its investment approach. Waterdrip Capital maintains an active stance, publishing insights on the convergence of AI, Web3, and blockchain to highlight trends and opportunities. It seeks early- to growth-stage opportunities globally, supporting portfolio companies through strategic guidance and capital.

Polychain Capital is a San Francisco-based investment firm focused on blockchain technology and digital assets. It invests in blockchain protocols and companies to advance the global adoption of cryptocurrencies, managing actively managed portfolios of blockchain-based digital assets. Founded in 2016, the firm targets information technology, fintech, and blockchain sectors and operates as an investment adviser.

Stillmark is a Los Angeles-based venture capital firm founded in 2019 that concentrates on information technology, financial technology, software as a service and blockchain. The firm focuses on Bitcoin and decentralized technologies, backing companies that shape Bitcoin infrastructure, cryptography and decentralized finance. It engages in industry research and discussions, including Lightning Research co-authored with Amboss Technologies, and its leadership, including general partner Alyse Killeen, has gained recognition in the industry. Stillmark's portfolio includes Casa, Alpen Labs and Bitwise, reflecting an emphasis on security, wallet infrastructure and crypto ecosystem services. The firm supports initiatives to improve energy efficiency and expand access to financial services through Bitcoin-powered solutions, positioning Stillmark as an active participant in the Bitcoin ecosystem and related technologies.

ParaFi Capital is an asset management and technology firm founded in 2018 and based in Greenwich, Connecticut, that operates multi-strategy investment programs across public and private markets with a focus on digital assets, stablecoins, tokenization, and blockchain-based financial services. The firm emphasizes research-driven investing supported by engineering and data infrastructure, investing in liquid digital assets, equities, and early-stage blockchain-native applications. It has managed approximately $1.6 billion in assets and maintains a team of 20+ professionals, with a significant portion based in New York City, reflecting its client base and reach in the fintech and digital asset space.

Castle Island Ventures is a Boston-based venture capital firm that concentrates on early-stage investments in the public blockchain space. Founded in 2018, the firm backs startups building infrastructure and applications that enable and accelerate public blockchain protocols. Its portfolio strategy emphasizes services and solutions that connect traditional finance with blockchain technology, supporting entrepreneurs developing technology critical to growing the blockchain ecosystem. The firm seeks opportunities across infrastructure and application segments that can power scalable, user-facing blockchain services and broader adoption of decentralized finance and related protocols.

Kingsway Capital is a UK-based financial services firm that provides investment management services. It is authorized and regulated by the Financial Conduct Authority and is headquartered in London, delivering regulatory-compliant financial services to a diversified client base from its London operations.

MH Ventures is a founder-focused early-stage venture capital firm based in London, United Kingdom, founded in 2021. It concentrates on Web3 and decentralized infrastructure, investing in blockchain technologies, DePIN, and related sectors such as energy, financial services, information technology, fintech, and SaaS. The firm seeks to support founders and protocols in launching, scaling, and sustaining decentralized systems, emphasizing institutional-grade management and insights into on-chain markets. MH Ventures aims to advance the growth of the Web3 ecosystem by backing projects across B2B and B2C spaces and guiding early-stage companies toward long-term viability.

FJ Labs is a New York-based venture capital firm founded in 2015 by Fabrice Grinda. It is stage-agnostic and focuses on marketplaces and consumer-facing startups, with seed and Series A investments. The typical investment range is $50,000 to $5,000,000. The firm backs entrepreneurs pursuing network effects and transformative business models, and its portfolio includes notable companies such as Alibaba Group, Beepi, BrightRoll, Betterment, Adore Me, and Earnest.

Winklevoss Capital is a venture capital firm that makes early-stage investments in technology companies, with a focus on disruptive startups in software, fintech, cloud computing, retail, and commercial services. Based in New York, the firm was founded in 2012 and targets select early-stage ventures across frontier domains such as crypto, space, energy, and biotechnology, aiming to back builders tackling difficult problems with groundbreaking technologies. It emphasizes a full-service, long-term growth approach, supporting founders to drive scalable impact and meaningful innovation rather than pursuing quick returns. The firm positions itself as a partner that provides capital plus strategic assistance to help portfolio companies grow.

Portal Ventures is a venture capital firm based in Austin, Texas, founded in 2022. It specializes in pre-seed and early-stage investments in blockchain and cryptocurrency companies, partnering with crypto builders, protocols, and projects that aim to shape the next generation of the digital economy. The firm emphasizes hands-on support as a thought partner for founders, leveraging experience from traditional finance and web3 to help early-stage ventures navigate development, fundraising, and growth. Portal Ventures actively engages with the crypto community through conferences and mentorship programs and shares industry insights through written content. The firm’s portfolio approach combines strategic guidance with a focus on talent cultivation and ecosystem development to advance early-stage crypto startups.

Boost VC is a San Mateo-based early-stage venture capital firm focused on deep tech, investing in hardware and software across sectors such as aerospace, robotics, biotechnology, energy, climate, artificial intelligence, cryptocurrency, virtual and augmented reality, and related fields. Founded in 2012 by Adam Draper and Brayton Williams, the firm specializes in pre-seed rounds, often leading rounds up to about $2 million and providing substantial follow-on capital through a team of experienced investors, operators, and advisors from top institutions. It backs founders tackling ambitious challenges with the potential to significantly improve life for billions, seeking ventures capable of disrupting industries and addressing global needs.

Mirana is an investment firm focused on Web3 technologies and New Financial Infrastructure, investing globally in information technology and blockchain companies at early and growth stages. It provides investment and advisory services, forges strategic partnerships, and supports liquidity for nascent DeFi protocols and tokenized assets. The firm aims to enable real-time, global, programmable financial systems and bridges between TradFi, CeFi, and DeFi, targeting opportunities in programmable money, tokenized markets, stablecoins, embedded finance, and identity/privacy, while also publishing research on NFI and related technologies.

Concentric is a London-based European venture capital firm focused on early-stage technology companies. It backs founders across Europe with hands-on, long-term partnerships and strategic support to help portfolio companies scale from early stages through growth. The firm emphasizes deep relationships and a bespoke approach, supported by a network of sector experts. It generally invests in software-driven technology, financial services, mobility, real estate, industrial and logistics sectors, and targets equity investments in the range of €0.5 million to €5 million. With an additional office in Copenhagen, Concentric seeks to back sector-defining ventures across Europe and to accompany them through subsequent growth rounds, combining capital with operational expertise to drive impact.

Side Door Ventures is a global venture capital firm founded in 2020 and based in San Francisco that backs early-stage companies positioned at the fringe of innovation. The firm operates as a generalist investor, evaluating opportunities across software, life sciences, space and frontier technologies, blockchain, gaming, fintech, SaaS, manufacturing, and financial services, and supports founders with strategic input, technical perspectives, and operational guidance drawn from experience in biotechnology, engineering, and product development. Its team comprises founders, scientists, engineers, and growth experts, with a distributed footprint across multiple cities including Boulder, Chicago, Detroit, Los Angeles, New York, San Francisco, and Vancouver.

ABCDE is a venture investment firm focused on early-stage technology companies in blockchain, Web3, and crypto infrastructure. Based in Singapore, it backs transformative founders building solutions across cryptocurrency, decentralized finance, Web3 gaming, and public-chain infrastructure, with a view to accelerating growth and ecosystem development. The firm emphasizes active engagement with the startup community, supporting portfolio companies through events, demonstrations, and access to resources. By prioritizing cutting-edge technologies and hands-on involvement, ABCDE seeks to identify and nurture startups poised to reshape technology and finance.

L2 Iterative Ventures is a blockchain-focused venture capital firm and the specialized arm of L2 Capital Management. It funds and supports Web3 projects developing scalable blockchain infrastructure, zero-knowledge proofs, and related technologies, serving as a technical partner to accelerate real-world deployment of decentralized applications. The firm backs a diversified portfolio across layer 1 and layer 2 ecosystems, including Bitcoin, Ethereum-compatible chains, data availability layers, DeFi components, and AI-enhanced technologies, as well as zkVMs and rollups. It also conducts technical research and market analysis on scalability, fraud proofs, and emerging technologies such as fully homomorphic encryption. By providing capital and strategic collaboration, L2 Iterative Ventures aims to advance blockchain innovation and practical use cases.

Off the Chain Capital is a blockchain investment firm founded in 2016 that locates value in digital assets and blockchain businesses. It follows a value-oriented, long-only approach with no leverage, emphasizing downside protection while seeking upside growth in the blockchain space. The firm targets institutional clients such as family offices, endowments, and foundations seeking diversification in digital assets. Its investment stance includes aiming to outperform Bitcoin with reduced downside risk, reflecting a cautious, risk-aware strategy focused on fundamentals and portfolio diversification.

Blockchain Founders Fund is a Singapore-based early-stage venture capital firm that invests in Web3 and blockchain startups worldwide. It emphasizes a founder-first approach, offering end-to-end support from ideation through scaling to help portfolio companies grow, with expertise across decentralized media, stablecoin infrastructure, blockchain intelligence, staking, cross-border remittances, streaming infrastructure, node deployment, unified developer APIs, and smart transaction infrastructure. The portfolio includes Roundtable, HiFi, Validation Cloud, Kredete, Rilla, NodeOps, Uniblock and KRNL, among others, reflecting activity across Web3 sectors in the United States, Canada, and Europe, and the firm provides venture-building services to accelerate growth for portfolio companies, aiming to empower the next generation of blockchain innovators.

Hard Yaka is an investment firm based in Crystal Bay, Nevada, focusing on technology-driven sectors such as payments, digital identity, banking, and related fintech services, as well as exchange platforms and regtech. It engages in venture and private equity investments, including early-stage rounds and buyouts, often pursuing majority stakes in distressed opportunities. The firm has invested in over 250 companies and facilitated more than $3 billion in investments, supporting portfolio companies through digital transformation and universal access initiatives while emphasizing regulatory compliance.

Contribution Capital is a Delaware-based venture capital firm that invests in web3 and blockchain startups. It adopts a decentralized, community-driven investment approach and supports ventures that explore decentralized technologies and customer-centric models. The firm backs early-stage projects across DeFi, Ethereum scaling, and Bitcoin ecosystems, as well as related areas such as fintech, future of work, frictionless payments, and collaborative productivity tools. By prioritizing projects that advance decentralized ecosystems and improve user experience, Contribution Capital seeks to accelerate innovation and adoption in this space.

Signum Capital is a Singapore-based investment firm founded in 2017 that concentrates on distributed ledger technologies and crypto assets. The firm supports blockchain and Web3 projects with the aim of advancing blockchain-enabled socioeconomic transformation, providing funding and strategic guidance to help founders deploy and scale their ideas beyond the crypto niche. Its activities span DeFi infrastructure, crypto payments, and cross-border fintech innovation, reflecting a focus on accelerating strides in blockchain technology that foster trust and efficiency. Signum Capital emphasizes building open, fair, and intelligent internet ecosystems by actively participating in funding rounds and collaborating with projects to drive adoption inside and outside the crypto community. The company operates under Singaporean regulatory oversight and positions itself as a forward-looking investor in the crypto and technology sectors.

IOSG Ventures is a Web3-focused venture capital firm founded in 2017 and based in Hong Kong. It pursues research-driven, thesis-based investing across blockchain, crypto, Web3, DeFi, and fintech, with a focus on infrastructure, middleware, security, and crypto-native protocols that foster community and network effects. The firm backs early-stage projects across base layer and layer-2 technologies, cross-chain solutions, DeFi, GameFi, and SocialFi, aiming to support founders with capital, mentorship, and connections. Its portfolio spans notable Layer 1/2 and cross-chain players, DeFi and NFT platforms, and infrastructure providers, including zk-based scaling projects such as zkSync, Scroll, and StarkWare, along with Arbitrum, Arweave, Cosmos, Celestia, Mina, 1inch, MetaMask, Illuvium, and Big Time. IOSG also hosts community events and runs the IOSG Kickstarter accelerator to assist Web3 founders with funding and guidance.

Taisu Ventures is a global venture capital firm focused on investing in early-stage Web3 and blockchain companies. It adopts a chain-agnostic approach and backs seed to early-stage startups across blockchain technology, Web3, gaming, infrastructure, consumer platforms, and fintech, offering token and equity investments along with growth support. The firm connects entrepreneurs, engineers, investors, and industry leaders across Asia, the United States, Europe, Africa, and the Middle East to accelerate innovation. Its portfolio includes projects such as HELIX, Kaidro, Bluwhale, Aspecta, Biconomy, Soarchain, Exabits, and MetaCene, reflecting a breadth of Web3 APIs, AI-enabled applications, and decentralized networks.

Big Brain Holdings is a global, multi-stage investment firm that backs visionary founders and accelerates advances in intelligence, autonomy, and infrastructure. Based in Weston, Florida, it invests across technology sectors such as artificial intelligence, robotics, decentralized and data infrastructure, fintech, crypto, blockchain, Web3, and consumer tech. The firm emphasizes conviction-driven, long-term positions and concentrates its bets to build lasting value, often supporting portfolio companies with research insights on topics including decentralized AI, quantum cryptography, and homomorphic encryption. Through a broad international footprint, it engages with opportunities across multiple countries and technology frontiers.

HV Capital is a European venture capital firm headquartered in Munich, Germany. Founded in 2000, it engages in multi-stage investing—from seed to growth—for technology startups across Europe, providing capital, strategic guidance, and access to a broad network. The firm focuses on software, fintech, healthcare, AI, cybersecurity, deep tech, robotics, and consumer technology, supporting founders through multiple funding rounds and toward milestones such as IPOs. HV Capital emphasizes long-term partnerships and operational involvement to help portfolio companies scale within the European innovation ecosystem. Its track record includes notable unicorns such as Exein and isar Aerospace, reflecting its experience across diverse industries and investment cycles.

Sfermion is a Chicago-based venture capital firm founded in 2019 that concentrates on technology and metaverse investments, including esoteric digital assets. The firm focuses on backing companies operating in the metaverse and related digital asset ecosystems, pursuing opportunities within the evolving metaverse landscape and connecting with industry networks to support portfolio companies.

CMT Digital is a Chicago-based venture capital firm specializing in crypto assets and blockchain technology. It serves as the corporate venture capital arm of Capital Markets Trading and focuses on early-stage investments across financial services, fintech, blockchain, and related software, with interests in building crypto market infrastructure and liquidity for crypto derivatives. The firm leverages its background in electronic trading and technology to support portfolio companies and navigate regulatory challenges, including SEC-registered crypto management. With multiple funds and global activity, CMT Digital aims to back innovative founders and accelerate the adoption of blockchain technology while maintaining regulatory diligence.

IDG Capital is a global venture capital firm founded in 1993 and headquartered in Hong Kong, with offices across multiple continents and a team of hundreds of professionals. It invests across venture, growth, and secondary markets, backing founders in technology, healthcare, consumer, media, and related sectors, with a strong emphasis on China and broader Asia. The firm leverages a global network to support portfolio companies through various stages and geographies, helping with geographic expansion, partnerships, and strategic growth. IDG Capital has backed more than 1,800 companies across 10+ markets and 600+ exits, reflecting a long-term, value-driven approach and a track record of helping entrepreneurs scale internationally.

Paradigm is a venture capital firm and software development company focused on pioneering technologies across cryptocurrency, artificial intelligence, robotics, and other emerging fields. Founded in 2018 and based in San Francisco, the firm backs unconventional founders at every stage, providing capital and strategic guidance while combining technical research with hands-on support to advance product development. It collaborates with builders early in projects and emphasizes open-source software development. Paradigm invests globally across sectors and has backed category-defining companies and protocols that reshape how people transact, build, and compute. The firm maintains offices in San Francisco, New York, and Washington, D.C., and expands its impact through fellowships and opportunities for researchers and engineers working at frontier technologies.

Web3.com Ventures is a venture capital firm founded in 2013 and based in Singapore that backs early-stage startups at the intersection of Web3 and artificial intelligence. The firm focuses on foundational infrastructure, decentralized finance, privacy technologies, developer tools, and scalable compute networks, and considers opportunities in equity and crypto investments. It supports portfolio companies from pre-seed through Series A with capital and access to operators, researchers, and networks within the Web3 and AI ecosystems. The objective is to back founders building the future of the web by providing strategic capital and hands-on guidance to enable innovative, privacy-preserving, and scalable digital systems.

Sapphire Ventures is a venture capital firm that invests in expansion-stage enterprise software companies, with emphasis on those leveraging artificial intelligence, and provides hands-on support to accelerate growth in go-to-market, operations, and leadership. Founded in 1996, it is headquartered in Austin with offices in the San Francisco Bay Area, Menlo Park, and London, and it has more than $10 billion in assets under management. The firm refers to its portfolio companies as 'Companies of Consequence' and has a track record of 30+ IPOs and 80+ exits, reflecting its focus on scaling ambitious technology companies through its network and resources.

WAGMI Ventures is a venture network and investment firm founded in 2022, based in Irving, Texas, that connects early-stage and pre-IPO opportunities with a global network of operators, executives, and investors. It focuses on web3 and related technology sectors, including artificial intelligence, fintech/blockchain, aerospace, defense, energy, infrastructure, robotics, and computing. The firm provides capital across portfolio companies and facilitates access to strategic guidance, hires, and business development through its ecosystem, emphasizing rigorous research and selective evaluation. The network has a large member base and a track record of exits, reflecting its role in accelerating venture growth and deal flow. The company bills itself as a resource for companies seeking capital, strategic partnerships, and market access, leveraging a global operator network to deliver deal flow and strategic support.

Ribbit Capital is a Palo Alto, California-based venture capital firm founded in 2012 that concentrates its investments in financial services and financial technology. The firm backs early-stage startups that build infrastructure, platforms, or tools designed to transform how financial services are delivered and accessed, with activity across lending, payments, banking, insurance, and digital assets. It pursues global opportunities at the intersection of information technology and finance, seeking disruptive business models and technology-enabled solutions that modernize the industry.

Sygnum is a global digital asset banking group with licensed hubs in Zurich, Singapore, Abu Dhabi, and Liechtenstein. It offers institutional and professional clients a comprehensive suite of services, including digital asset banking, custody, brokerage, tokenization, asset management, lending, and B2B banking, integrating digital assets with traditional securities and fiat payments. The group provides 24/7 trading, secure custody, staking programs, and multi-asset settlement, delivered through regulated platforms designed for banks, corporations, and DLT foundations. Regulated by FINMA in Switzerland, Sygnum emphasizes security, trust, and regulatory compliance as it expands its digital asset banking and investment solutions globally.

Founders Fund is a San Francisco-based venture capital firm that provides funding across all stages to science and technology companies pursuing transformative innovations. The firm backs startups addressing complex problems in areas such as aerospace, artificial intelligence, energy, health, cybersecurity, data analytics, and software, and has supported notable portfolio companies including SpaceX, Palantir, Facebook and Airbnb. Founders Fund emphasizes a founder-friendly approach that aims to offer substantial support with minimal interference, while potentially deploying capital globally as needed. The firm seeks to invest in companies with the potential to reshape industries and the future through advanced engineering, manufacturing, and information technology.

NGC Ventures is a Singapore-based venture capital firm founded in 2017 that invests in blockchain, artificial intelligence, fintech, and Web 3.0 infrastructure. It focuses on decentralized technologies and related applications, supporting a diversified portfolio of startups across early-stage and growth rounds and aiming to advance the development and adoption of decentralized ecosystems.

Newman Capital is a Hong Kong-based venture capital firm that invests in early-stage technology companies, with a focus on blockchain, Web3, and consumer applications. The firm operates across APAC and the United States, leveraging a broad network to connect founders with resources and opportunities to scale. Its core investment areas include consumer applications, development enablers, and blockchain infrastructure, reflecting an emphasis on pioneering technologies and disruptive innovation.

Variant is a New York City-based venture capital firm focused on early-stage investments in web3, cryptocurrency, and internet sectors. Founded in 2020, it concentrates on markets, infrastructure and applications that empower user agency, with portfolio investments including Hello Clever, Physical Superintelligence, and Tenor.

Craft Ventures is a San Francisco–based venture capital firm, founded in 2017, that backs early-stage and growth technology companies across business-to-business software, enterprise, consumer, and cybersecurity sectors. The firm combines entrepreneurial experience with investor acumen, focusing on founder-first partnerships and providing strategic guidance, access to senior operators, and scalable playbooks to help companies build generational businesses. It operates as a registered investment adviser and emphasizes high-value, low-maintenance involvement designed by founders for founders.

Moonrock Capital is a venture capital firm and blockchain advisory partnership focused on supporting startups and projects in the blockchain and cryptocurrency sectors. Based in Europe with offices in London, Hamburg, and Munich, it provides patient capital and proactive, hands-on partnerships to help portfolio companies accelerate growth and thrive in a rapidly evolving industry. The firm emphasizes long-term investment, clear conviction, and operational excellence, engaging with founders from the outset to build category-defining ventures. It leverages deep relationships and industry expertise to craft growth strategies and scale innovative blockchain businesses across global markets.

Bossa Invest is a venture capital firm headquartered in São Paulo, Brazil. Established in 2011, it concentrates on software as a service investments and aims to back startups across Latin America. The firm supports portfolio companies with strategic guidance, industry connections, and market access, helping them scale and reach customers. In addition to traditional VC activity, Bossa Invest offers corporate venture capital partnerships to help corporations innovate through startup collaboration. Through its ecosystem, the firm has built a network of partners and co-investors to broaden opportunities for growth and exits across diverse sectors.

Bollinger Investment Group is a venture capital firm focused on investing in innovative blockchain and cryptocurrency projects. Established in 2013, the firm made early investments in Bitcoin and Ethereum, recognizing their potential to transform financial systems. Over the years, Bollinger has supported a diverse range of startups, including Z.cash, Starkware, and Dfinity, through various funding rounds such as seed and Series A investments. The firm also participates in strategic fundraising initiatives like Simple Agreements for Future Tokens (SAFT) for projects such as Tezos and Polkadot. Additionally, Bollinger has invested in funds like Polychain Capital and Morgan Creek Digital, further diversifying its portfolio within the burgeoning digital asset ecosystem. The group's commitment to fostering innovation in the blockchain space positions it as a key player in the ongoing evolution of decentralized finance and related technologies.

Serena Capital is a Paris-based venture capital firm founded in 2008 that backs early-stage technology companies in Europe and North America. The firm combines capital with hands-on operational support through its integrated PALM platform and the Serena Squad, a team of seasoned operators that helps portfolio companies with product development, go-to-market strategies, and international growth. Serena concentrates on applied AI, energy transition, and related technology sectors, and pursues long-term value creation rather than quick exits. It manages a substantial investment program and selects 15–20 teams per year, with initial checks typically ranging from €100,000 to €15 million across pre-seed to Series A rounds. Notable outcomes include portfolio companies such as Dataiku and TheFork, reflecting a track record of helping founders become market leaders. Serena operates across Europe and the United States, leveraging an active startup ecosystem and a large operational network to support portfolio success.