The Venture Codex

Participated · Seed · Jul 2026

Cordant provides a real-time command center that ingests signals from payment rails, bank accounts, ledgers, compliance and risk systems and normalizes them into a shared event model to show how transactions moved across an operating environment. The platform does not move or hold funds, replace core systems, or require centralized data; instead it detects control gaps, coordinates exception workflows, and produces audit-grade records of activity. Cordant developed its product with 11 design partners spanning payments, digital assets and traditional banking, with Bitso and Paxos serving as both design partners and investors. The company was founded by former Rapyd leaders who built and commercialized Rapyd's global infrastructure and say Cordant grew from the operational visibility challenges they encountered. Cordant will use its seed funding to bring the system into production and to activate private beta clients, and it is positioning itself as a prerequisite layer for institutions looking to deploy AI and new rails within regulated workflows.

Participated · Seed · Mar 2026

Megapot offers a mobile-first global lottery that allows players from most countries to join common jackpot games, aiming to aggregate demand beyond national lottery limits. Since 2024 the platform has attracted players in 124 countries and produced 19 jackpot winners, with its first jackpot exceeding $1 million and an early participant winning $207,076. The product draws on viral, daily-play inspirations like Wordle and HQ Trivia and has attracted consistent players as well as one-off big winners. The team includes former employees of Uniswap, PoolTogether, Microsoft, and BuzzFeed. Megapot plans to use recent seed funding to scale internationally, introduce new game experiences, and enable developers and distribution partners to build on its platform. The company officially raised $5 million in a seed round led by Dragonfly with participation from Coinbase Ventures, Bankless Ventures, and founders of several major gaming brands.

Participated · Seed · Jan 2026

Tenbin Labs is building infrastructure that transforms real-world assets such as gold, foreign exchange, and commodities into on-chain tokens that settle in roughly 30 seconds, charge no routine mint-or-burn fees, and accrue yield from both institutional carry and DeFi sources. Instead of simply wrapping assets, the company ties each token’s collateral and pricing directly to liquidity on venues like the CME futures market, allowing the tokens to inherit deep, real-world order books. This dual on-chain/off-chain design is meant to eliminate the shallow liquidity and price distortions that hamper most tokenized assets today. Tenbin’s first product, a yield-bearing tokenized gold instrument, is slated to launch in early 2026 in partnership with market makers and prime brokers such as Hidden Road and Ripple Prime. Future plans include expanding the asset suite to global FX pairs (e.g., BRL, MXN, JPY), additional commodities and metals, and energy products. Key operating features include ≈30-second minting/redemption, immediate composability across DeFi, and yields sourced from both TradFi carry trades and on-chain stablecoin strategies. Financially, the company has secured a $7 million seed round and has not yet disclosed revenue or user metrics.

Participated · Seed · Nov 2025

0xbow develops Privacy Pools, the flagship protocol in the Ethereum Foundation’s Kohaku wallet effort, which lets users anonymize transactions while blocking illicit funds through Association Sets. The company argues that its architecture balances privacy and regulatory compliance, a gap current mixers fail to address. Since launching on Ethereum mainnet in March 2025, Privacy Pools has processed roughly $6 million in volume across more than 1,500 users. Recent feature releases include multi-asset privacy pools—starting with Sky’s USDS stablecoin—and a Tornado Cash Proof of Association pool that helps users distance funds from sanctioned activity. The fresh capital will fund expansion to additional blockchains and accelerate new product features. 0xbow was co-founded by Ethereum veterans Ameen Soleimani, Nathaniel Fried (CEO), and Zak Cole, and counts advisors such as MetaMask security engineer Taylor Monahan. Previous backers include Vitalik Buterin (pre-seed), Bankless, Number Group, and Public Works, alongside several crypto-native angels.

Participated · Seed · Aug 2025

Euphoria is developing a consumer-oriented crypto derivatives platform that lets users trade options and perpetual contracts on MegaETH with a simple tap-based interface, removing the need to understand order books, margin, or leverage mechanics. Co-founded and led by CEO Nathan Worsley, the eight-person team is positioning the product as the Robinhood-style on-ramp for crypto derivatives, which represent roughly 80% of overall crypto exchange activity. Revenue will come from in-house market-making and trading fees, mirroring the model used by Hyperliquid. The company plans to launch its tap-trading product on MegaETH later this year and is considering a native token as part of its long-term roadmap. Future hiring includes three to five roles across engineering, product design, and growth. The latest funding places Euphoria’s post-money equity valuation in the “upper eight figures,” according to Worsley.