Participated · Seed · Mar 2026

Utexo is developing a Bitcoin-native execution and settlement layer that lets payment operators process USDT stablecoin transactions instantly with predictable costs and privacy. Its API and SDK combine the Lightning Network’s real-time transaction capability with RGB’s privacy-preserving asset issuance to remove the technical complexities of routing stablecoin payments on Bitcoin rails. By abstracting custody, compliance workflows, and user-experience changes, the platform enables operators to integrate Bitcoin-based settlement without rebuilding their systems. Led by Viktor Ihnatiuk and Chris Hutchinson, the company positions itself as critical infrastructure for stablecoin payment providers seeking speed and discretion. The freshly raised capital will be directed toward expanding operations and accelerating product development. No revenue, user, or other operating metrics were disclosed in the article.

Participated · Seed · May 2024

Pencils Protocol (formerly PenPad) is a Scroll ecosystem project that operates a Launchpad product for blockchain projects. The team has rebranded from PenPad to Pencils Protocol and plans to broaden its product functionality and service scope. It said it will continue to optimize its existing Launchpad and in May will launch two new main features: staking & liquid staking and liquidity vaults. The company completed a $2.1M seed financing at a $25M valuation. No operating metrics were disclosed in the article.

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.

Participated · Equity · Nov 2022

Theia Studios is an Oakland, CA-based independent game studio focused on a web3 creator platform for turn-based strategy games. Its toolkit includes a map editor, asset pipeline, scripting framework, economy builder, and other creator tools that enable building and monetizing strategy games. The studio will also develop the first games in the Theia ecosystem, beginning with Icons of Theia, whose closed beta is scheduled to start on November 10th. Led by CEO Dylan Sena, CTO Kaustubh Garimella, and CRO Guilherme Arten-Meyer, the team said it will use fresh capital to accelerate growth and expand operations. The company raised $2.4M in funding from a syndicate of investors.

Participated · Seed · Jun 2022

Revoland is a blockchain-based multiplayer online battle arena (MOBA) title developed by Chain X Game (CXG). The game features both free-to-play and deeper play-to-earn mechanics, with $LAND used for rewards and purchases such as Mystery Boxes containing characters and upgrades. Players can leverage REVO as a governance token to participate in ecosystem decisions. The team, led by CEO Jimmy Zhao, positions Revoland as a social gaming experience that combines personal skill and teamwork with persistent in-game asset ownership. The platform has formed partnerships including Huawei Cloud, SEAGM, Khalaspay, SEM9, and SiGMA to support its play-to-earn rollout and regional expansion efforts. Revoland completed a $10.6M seed and pre-sale fundraise, providing early financial backing for development and go-to-market activities.