Participated · Seed · Jul 2024

Tread.fi provides high-performance algorithmic trading infrastructure aimed at institutional digital asset firms. Led by CEO David Jeong, the platform offers advanced execution algorithms, low-latency direct market access, comprehensive transaction cost analysis, and portfolio management tools. It also includes a proprietary multi-party, peer-to-peer internal crossing engine that nets active trades to reduce overall trading costs, leaving only residual imbalances to be executed through external liquidity sources. The company targets efficiency and cost reduction in institutional digital-asset trading workflows. Tread.fi recently completed a financing that expands its early-stage runway and product development focus. The business is based in New York City.

Participated · Equity · Jun 2024

Honeypot Finance is a decentralized finance startup operating within the Berachain ecosystem. Its primary focus is developing an automated market-maker (AMM) perpetual contract decentralized exchange that it believes will eliminate the structural limits of order-book-style perpetual platforms. The company already offers cross-chain liquidity tools and views the upcoming DEX as a crucial extension of its existing infrastructure. Funds from its latest raise will support research, development, and deployment of the new exchange while integrating a broader product matrix. Honeypot also plans to build a more sustainable asset-settlement framework and dynamic liquidity-management mechanisms aimed at institutional users. Following the round, the company is valued at $35 million, but no revenue or user metrics have been disclosed.

Participated · Series A · Jun 2024

Blueberry Protocol is a decentralized prime brokerage platform that enables users to create leveraged strategies with specific risk parameters to maximize capital efficiency. It provides decentralized access to generalized leverage for DeFi on Ethereum, offering higher leverage and advanced risk management compared with traditional prime brokerages. Blueberry integrates transparent risk-management tools with a sophisticated leverage framework to expand accessibility, boost capital efficiency, and improve profitability for a wide variety of DeFi users. The first protocol connected to Blueberry is Bloom, which introduces permissionless RWA yields (TBYs) with natively yielding returns. The system was built by Composable Corps, whose leadership has experience at Zero1 Capital, Huobi, Tesseract, Credit Suisse, Kruse Western Group, and early Bitcoin. Blueberry is led by CEO Jonathan Thomas and recently raised $2.5M in Series A funding to support team expansion and an increased security budget.

Participated · Equity · Apr 2024

Tevaera is a Web3 gaming ecosystem built on zkStack. The company completed a $5 million financing led by Laser Digital, the digital-assets arm of Nomura Securities. Named investors include HashKey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto.com Capital, Cogitent Ventures, Selini Capital, DWF Labs, Morningstar Ventures, DCF God, Momentum6, GBV Capital, Mapleblock Capital, GD10 Capital, Aquanow, Coinswitc, and others. Tevaera announced plans to launch two new games on zkSync. It also intends to launch the first decentralized Layer 3 (L3) gaming chain.

Participated · Equity · Nov 2023

Hinkal provides a ZK-based private smart contract wallet experience that allows users to participate in dApps directly from private addresses without withdrawing assets for obfuscation. The platform is designed to let VCs, founders and family offices receive vested tokens into private addresses and liquidate them privately to avoid adverse price impacts and market signals. Hinkal requires KYC(B) verification and supports reusable attestations with exchanges such as Coinbase and Binance to prevent illicit use while streamlining onboarding. The company has been audited by Quanstamp and Zokyo and uses Hexagate for real-time threat mitigation to provide a secure trading environment. Hinkal plans to use the newly raised capital to bring liquid funds, venture capital firms, family offices and project founders onto its confidential infrastructure. The company is based in San Francisco and was founded by Giorgi Koreli and Nika Koreli. Hinkal Protocol is a decentralized privacy protocol focused on privacy and compliance for DeFi users. The protocol has been deployed on the mainnets of six EVM chains. It implements stealth addresses, shielded pools, and decentralized identifiers (DID) to achieve low privacy costs and high compliance levels for mature DeFi traders. The protocol targets matured DeFi traders who require both privacy and regulatory-friendly controls. Financially, Hinkal completed a $4.1 million financing round led by Draper Associates. Other participants in the round included Psalion, NGC Ventures, Aquanow, No limit Holdings, Orange DAO, and DraperDragon.