Participated · Seed · Aug 2024

LYNC is an L2 project focused on bringing more mobile users on-chain by providing rollup technology and a full mobile development stack. The product offering centers on a Movement Labs–supported rollup and an end-to-end mobile stack targeted at individual founders, developers, and creators. The stack is intended to enable the building of crypto-native mobile applications and games. LYNC plans to use the newly raised capital to grow its on-chain mobile user base and accelerate tool availability for third-party builders. The company recently completed a $1.5M Pre-Seed financing to fund these efforts. No operating metrics were disclosed in the article.

Participated · Seed · Jun 2024

Verida develops infrastructure for decentralized personal data storage and encryption as a DePIN network developer. The company focuses on providing users with decentralized storage and cryptographic protection for personal information. Verida plans to use new funding to continue development of its personal data storage infrastructure and related encryption services. The recent financing will support product development and scaling of its storage capabilities. Financially, Verida completed a seed financing reported at $5 million with a post-money valuation of $50 million. No operating metrics or past rounds were disclosed in the article.

Participated · Equity · Feb 2022

Animal Concerts is a next-generation metaverse entertainment platform operating at the intersection of concerts, NFTs, VR, gaming, advertising, merchandising, distributed ledgers, and cryptocurrencies. The project has hosted metaverse concerts with Busta Rhymes, Future, Alicia Keys, Meek Mill, Diplo, and Gunna and held an in-person concert in Los Angeles on February 12. Its core product blends live and virtual events, collaborative NFT drops, tokenized experiences, merchandising, and advertising to create new revenue verticals for artists and fans. Animal Concerts is launching an in-house token, $ANML, and a Watch-to-Earn model that rewards participant attention; tokens can be used for merch, virtual meet-and-greets, and staking to access free concerts. The company completed a $6.75M private round and sold $800k of $ANML across five launchpads; token sales were at $0.0045 with 25% at TGE and 75% vested over six months. Planned near-term activities include securing a Tier 1 CEX listing (AscendEX has been secured), finalizing two NFT collections including an A-list artist collaboration, and deploying funds toward artist bookings, marketing, ecosystem development, liquidity provisioning, and team expansion.