Participated · Seed · Jul 2022

Salto X builds a remote-friendly alternative to stock options by enabling founders to easily create token pools on their cap table and issue NFT certificates for the cliff period. Smart contracts automatically and continuously execute token transfers upon vesting, and tokens can be cashed out on full or partial exit or sold to other parties after vesting. The approach aims to provide transparent access to equity compensation regardless of geography and to address discrimination against remote employees. The company says this creates liquidity without requiring an IPO or sale. Salto X is Ukraine- and Estonia-based and is co-founded by Pipedrive founder Ragnar Sass, who serves as CEO. The startup raised a seed round to build and expand its platform and forthcoming capabilities, including selling back tokens to companies and enabling sales to other contributors.

Participated · Equity · Nov 2020

UNION is an open, decentralized technology platform that builds protection products and risk-management tools for decentralized finance (DeFi). The project intends to launch a protocol and set of tools in the coming months that incorporate an advanced risk-management and protection framework. Its planned products include bundled protections with layered coverage (Layer 1, smart contract, exposure, and transaction completion risks) and a decentralized secondary protection market. UNION emphasizes a truly decentralized protection platform that is not bound by members-only models, does not require KYC, and will be paired with an on-chain governance process. The company says its tools aim to lower costs, reduce risks, and improve access to DeFi for both individuals and institutions as the space scales (the announcement cites total value locked in DeFi at around $12 billion). UNION has raised over $3.9M from a syndicate of investors including Alameda Research, Bering Waters Ventures, Spark Digital Capital, AAM, Solidity Ventures, 3 Commas, Cluster Capital, Rarestone Capital, Alpha Chain and Black Edge Capital.

Participated · Seed · Sep 2020

UniLend is building a decentralized, permissionless DeFi protocol that allows any asset to be used within decentralized finance and places governance power with UFT token holders. The team emphasizes broad token inclusion, listing support and liquidity bootstrapping to ensure a smooth early platform experience. UniLend has partnered with Lunar Digital Assets to accelerate marketing and outreach across the crypto ecosystem. The company recently completed Seed and Private Sale token rounds that reached hard caps, raising $3.1M in strategic investment. Proceeds are being used to establish an initial base of token holders, secure token listings, provide initial liquidity and fund global and regional marketing efforts. UniLend plans a public token distribution event and platform launch in October, after which key protocol parameters will be decided by UFT-holder governance.