The Venture Codex Logo

The Venture Codex

Anagram

10 Market Street, Unit #2462, Camana Bay, KY19006, Cayman Islands

Overview

Anagram is a venture capital fund committed to blockchain technology and the digitization of all assets. Anagram's goal is to advance blockchain technology so that it can: encourage communities and people to participate in the ownership economy; hasten the financialization and digitization of everything; and enable everyone to take part in the ecosystem of digital assets.

Total investments
26
Lead investments
4
Investments · 12mo
6
Active investors
1

Sector focus

  • Blockchain
  • Finance
  • Financial Services
Visit website

Investment portfolio

  • Nebex

    Participated · Seed · Jun 2026

    Nebex builds market infrastructure for the global space economy, operating as an exchange layer that links space companies with sovereign buyers and the capital that moves deals. Founded in late 2025 by Tejpaul Bhatia, Anand Subramanian, and Manlio Di Stefano, the company aims to reduce revenue and cash-flow frictions that space founders face when engaging in government contracting. Nebex has secured a $30M seed investment led by GV and a banking relationship with J.P. Morgan to scale its platform and expand international commercial collaboration. The founder and CEO, Tejpaul Bhatia, previously led Axiom Space and is credited with over $1B in commercial space deals. Nebex's stated mission is to ensure international spend is reinvested in nations' own economies by enabling market mechanisms similar to other industries. The company is backed by a syndicate of venture funds including Eniac Ventures, 2048 Ventures, Better Tomorrow Ventures, Oceans Ventures, AIN Ventures, Also Capital, Anagram, Armory Square Ventures, Multiball Capital, Trajectory Capital, and VSC Ventures.

  • VeryAI

    Participated · Seed · Mar 2026

    VeryAI provides a palm-scan based biometric system that runs on standard smartphones and produces irreversible feature representations rather than storing handprints. The company claims its palm scans are about 10x more accurate than FaceID, with a single-palm false acceptance rate of 1 in 10 million and dual-palm error rates around 1 in 100 trillion. Its backend combines Solana for scalability with zero-knowledge proofs and a partnership with Light Protocol to preserve user privacy. VeryAI positions palm geometry as less biased than facial recognition and aims to certify "verifiably human" interactions for fintechs and social platforms. The leadership team includes founder and CEO Zach Meltzer and Chief Science Officer Hua Yang, who holds 50+ patents and has experience at Leap Motion and Redrock Biometrics. The company plans to use its recent seed funding to expand integrations and product offerings to dozens of financial providers and apps.

  • t54 Labs

    Led · Seed · Feb 2026

    T54 Labs is a San-Francisco-based startup building a layer service that underpins the emerging autonomous or “agentic” economy. Its platform offers agent identity verification, real-time risk assessment, and compliance frameworks tailored to AI agents, ensuring transactions remain secure, auditable, and accountable. By focusing on these trust and compliance primitives, the company aims to facilitate widespread institutional adoption of autonomous operations. The firm was founded by Chandler Fang and positions itself as critical infrastructure for organizations deploying AI-driven agents. With the fresh capital, T54 Labs plans to expand its engineering team, accelerate product development, and deepen partnerships with institutions embracing autonomous workflows. The recent $5 million seed round marks its first disclosed financing and provides runway to scale both technology and go-to-market efforts.

  • Noise

    Participated · Seed · Jan 2026

    Noise is building a prediction-market-adjacent platform that lets traders buy and sell exposure to the future relevance of online topics, effectively creating a stock market for cultural trends. Launched in closed beta last May, the invite-only testnet attracted more than 1,300 users who placed bets across 14 attention markets that tracked crypto narratives using social-media data from Kaito. Unlike traditional binary prediction markets, Noise’s markets are continuous, allowing prices to shift as attention rises or falls over time. The 11-person team plans a public mainnet launch on Coinbase-incubated Layer-2 network Base in the coming months, which will open the system to “real capital” and expand coverage beyond crypto. Fresh capital will fund product development, additional data integrations, and expansion into new verticals. The company’s vision is to provide an objective, tradeable measure of cultural relevance that brands, investors, and other analysts can reference.

  • Belfort

    Participated · Seed · Sep 2025

    Belfort is a spin-off from KU Leuven’s COSIC lab that develops purpose-built hardware to make fully encrypted computation feasible at scale. Its accelerator processes data while it remains encrypted, removing exposure risks to servers, cloud operators, or insiders and opening secure use cases in blockchain, finance, healthcare, and government. The product is already listed on AWS Marketplace and positions Belfort as the first company to commercialize dedicated silicon for encrypted compute. Seed funding will allow the company to double its headcount and expand enterprise pilots out of its San Francisco and Leuven offices. The founding team combines deep cryptographic research experience with industry backgrounds at Intel, Microsoft Research, Kraken Ventures, and Google[x]. Their technology stems from years of ERC-funded research and a competitive DARPA contract, underscoring strong technical defensibility. While revenue and user numbers were not disclosed, the $6 million seed round provides the runway to advance product development and early customer deployments.

Team

  • Joe Eagan

    Co-Founder