Andromeda Capital
Dubai, United Arab Emirates
Overview
Andromeda Capital takes pride in its long-term relationships. Having established strong global networks in almost every industry puts us in a unique position to add long-term value to initiatives we incubate or advise on.
- Total investments
- 6
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 3
Investment portfolio
- Shadow War
Participated · Series A · May 2024
Shadow War is developing a 5-versus-5 third-person action game that integrates blockchain/web3 elements with a focus on skill-based, melee-centric competitive play. The title prioritizes tactical strategy, skill-based progression, and avoids pay-to-win mechanics while emphasizing immersive world-building and player enjoyment. Creative Director Roy Blackstone cites inspirations such as Overwatch and League of Legends for its design. The team plans rigorous playtesting with its community to perfect gameplay and user experience. The project has over 10,000 signups from initial trials and will use recent funding to enhance UX and expand core technologies.
- Gull Network
Participated · Equity · Apr 2024
Gull Network is a DeFi project operating within the Manta ecosystem that focuses on building user-centric, transparent and decentralized solutions. Its core efforts center on developing DeFi protocols and strengthening network infrastructure to support an expanding ecosystem. The company plans to use the recent financing to accelerate product development and enhance its network infrastructure. It also intends to deploy funds to foster partnerships, expand its ecosystem, and increase marketing activities. Gull Network previously received strategic funding from Manta Network and was among the first cohort of a prominent accelerator program. The company completed a $1.6M private placement as announced in the article.
- Raiinmaker
Participated · Seed · Apr 2024
Raiinmaker is described in the coverage as a Web3 artificial intelligence company. The company completed a $7.5 million seed financing, as reported by Foresight News citing The Block. The seed round was co-led by Jump Capital and Cypher Capital. Other investors named in the articles include Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, GDA Capital and Alpha Sigma Capital. The published coverage centers on the fundraising and investor participation. The articles do not provide further detail on product specifics, roadmap, operating metrics, founding year, location, or prior financings.
- Kasu
Participated · Seed · Jan 2024
Kasu is a Real World Asset (RWA) business lending protocol that leverages proprietary technology to optimise businesses' cash flows and credit risk to deliver higher-quality, risk-adjusted yields in DeFi. The platform layers automated debt recovery mechanisms and structured credit to improve risk management across private-credit RWA products. Kasu is an exclusive joint venture between Faculty Group and Apxium Technologies and will build on Apxium’s SaaS+FinTech innovation platform. Apxium’s platform provides Receivables and Payables Financing solutions for accounting and law firms and their clients. The technology has been shown to reduce accounts receivable administration and debtor days by up to 50%, de-risking debtor positions prior to advancing funds against invoices. Kasu intends to use the new capital to advance its platform and further refine its proprietary risk-optimisation and credit-recovery capabilities.
- Mech
Participated · Seed · Jun 2022
Mech.com is developing NFT-based web3 games, including an initial match-3 title where players earn in-game currency (ore) and the tradable $FORGE token, and a planned arena battle game that integrates NFTs into a play-to-earn ecosystem. The team emphasizes an iterative, small-launch approach to tune gameplay based on community feedback, with a stated focus on making genuinely fun, casual games. Founder and CEO Trey Smith and co-founder Nik Rudenko have prior experience founding two other game studios (Buildbox and KayaBit); Kyle Klemmer joined as COO in 2021 and brought marketing experience and blockchain connections. The company has attracted advisors and early supporters from the crypto and gaming spaces, including Justin Kan and others. Mech.com plans to begin a private round, launch new NFT factions (the Rebel class), and release a beta testing version to early adopters.