Participated · Seed · May 2026

AEON is developing a settlement layer intended to serve as the financial backbone for an agentic economy where autonomous AI agents exchange value. The company launched its first AI payment product in May, which it says connects AI agents to more than 50 million real-world merchants. AEON has partnered with BNB Chain to release the x402 Facilitator, a native product enabling verifiable transactions, onchain settlement, and immutable receipts for service providers in the BNB ecosystem. The firm cites collaboration with partners such as Coinbase and BNB Chain as part of its go-to-market and integration strategy. AEON raised $8 million in a pre-seed round led by YZi Labs to accelerate development of its settlement layer; the round’s structure and valuation were not disclosed. CEO and co-founder Eddie Li framed the company’s mission as building the financial foundation for an economy powered by autonomous agents.

Participated · Seed · Nov 2023

Acctual is building a financial operating system that automates accounts payable (AP) and accounts receivable (AR) for companies transacting in both fiat and digital assets. Targeting web3 organizations, its platform helps users manage invoices, ensure on-time payments, and prevent fraud by validating vendors and wallet addresses. The product, currently in beta, integrates with QuickBooks and Xero and is being tested globally by crypto-focused startups from seed to Series A stages. Key features include monitoring and approving invoices, syncing crypto transactions to traditional accounting software, and eliminating over-payments or malicious invoices. By concentrating solely on AP/AR automation rather than broader accounting functions, Acctual aims to differentiate itself from competitors like Bitwave and Cryptio. The founders—Stripe alumni Atikh Bana and Mohamedeq Mohamed and former Google engineer Issa Hassan—bring deep payments and engineering expertise. Its recent seed financing values the company at $15 million post-money and will fund team expansion and the pursuit of product-market fit.

Participated · Seed · Sep 2023

Bastion is a stablecoin-as-a-service provider that equips enterprises and financial institutions with compliant infrastructure for issuing, managing, and transacting in stablecoins. Its end-to-end platform covers issuance, reserve and liquidity management, custodial wallets, and seamless on- and off-ramps, all wrapped in built-in regulatory licensing and compliance tooling. The company positions itself as the trusted partner for global stablecoin issuance and related crypto trading activities, aiming to accelerate the evolution of digital financial products. Strong demand for enterprise-grade stablecoin solutions has driven rapid growth in Bastion’s customer pipeline. To support this expansion, the firm has bolstered its leadership team with senior hires across revenue, treasury, legal, and risk functions. Bastion has raised more than $40 million in total funding, including a recent $14.6 million strategic financing round. The new capital will be used to scale product adoption and deepen relationships with large enterprises and financial institutions worldwide.

Participated · Seed · Sep 2023

0xPass provides infrastructure that lets developers build multiple authentication methods into non-custodial crypto wallets, aiming to make wallet login as convenient as web2 counterparts. The company uses multi-party computation (MPC) to shard private keys across network nodes and combines MPC algorithms with secure enclaves via its Passport Protocol network to maintain a non-custodial design. Incubated at the Stanford Blockchain Club, the team positions 0xPass as a flexible alternative for developers who want programmable authentication and transaction rules. The product targets developers needing customizable authentication flows or wallet infrastructure and plans to monetize by charging customers for access to its key management system based on usage. 0xPass emphasizes developer control and programmability compared with traditional MPC setups that split key shares between users and service back ends. The company also notes regulatory uncertainty around wallet infrastructure as a principal macro risk.

Participated · Series A · Jul 2023

Risc Zero is a Seattle, WA-based developer of general purpose zero-knowledge (ZK) virtual machine technology. Led by CEO Brian Retford, the company provides a zkVM that enables developers to build ZK-powered applications with conventional languages such as Rust and C++. Its zkVM leverages advanced features like continuations to run programs of arbitrary complexity while using off-the-shelf computing platforms. Risc Zero is developing Bonsai, a computing platform to support rapid application development and deployment in both cloud and decentralized environments. Bonsai is intended to offload proof orchestration and server infrastructure, bringing massively parallel ZK-proving functionality to developers in any language and on any chain. The company raised $40M in Series A to bring Bonsai to market. Risc Zero builds a scalable blockchain powered by zero-knowledge proof technology and a RISC-V zkVM. The zkVM enables any program to run in a verifiable manner with no trusted authorities and allows developers accustomed to Rust, Go, C++ and other standard languages to write on-chain decentralized applications. The company released its first open-source product, the RISC Zero zkVM, in March 2022. A developer-oriented preview of its new network was planned for Q3 2022 to let developers build on core innovations ahead of the blockchain launch. Risc Zero said it will use the seed proceeds to accelerate growth and expand development efforts. The company is based in Seattle, WA and had previously raised a $2M pre-seed.