Participated · Equity · Aug 2024

Morpho Labs operates a decentralized lending and borrowing protocol that aggregates markets and allows users to create their own on-chain lending markets with bespoke risk parameters. The protocol had about $6.6 billion in assets locked and counts customers and integrators such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. Morpho was initially built on top of Aave before evolving into a distinct protocol that seeks to compete with incumbents by offering customizable markets and higher yields. The team includes cofounder Paul Frambot, who launched the project at age 20, alongside Merlin Egalite, Julien Thomas, and Mathis Gontier Delaunay. Morpho has experienced some security exposure tied to a broader exploit that affected Aave but has continued to grow adoption. The company has signaled plans to court traditional financial institutions as it further develops its protocol and market reach.

Participated · Equity · Aug 2024

Morpho is an editor of solutions for operators of regulated games in emerging countries. The company is listed in the Finance/Insurance category in the report. It raised €46M via a capital increase, reported in the French Tech weekly roundup. The round features a broad syndicate of crypto and venture investors including Ribbit Capital, a16z crypto, Coinbase Ventures, Variant and Pantera Capital among others. The article does not disclose operating metrics, past financing history, founding year, or location.

Led · Seed · Mar 2024

Midas enables asset managers to convert institutional-grade investment strategies into regulatory-compliant tokens that offer transparency, liquidity, and composability across decentralized finance protocols. The company has developed Midas Staked Liquidity (MSL) to deploy dedicated staked liquidity that enables instant redemptions without affecting underlying yield or composability. Midas integrates with DeFi protocols such as Morpho and Pendle and provides technical documentation and live products through its platform. The company plans to expand into a broader range of institutional asset classes and deepen ecosystem integrations. Its recent funding round and prior seed raise have increased available capital to support continued product development and partnerships.

Led · Seed · Mar 2024

Sonaverse provides an on-chain data infrastructure that consolidates, normalizes, and delivers standardized datasets spanning major blockchains and DeFi platforms. The platform offers curated, reliable datasets for more than 30 chains and leverages Snowflake’s big data technology to enable seamless data sharing. Sonaverse’s service removes the need for financial institutions to run nodes, clean and curate data, or build and maintain APIs. It also offers a data visualization platform that surfaces wallet activity, token volume, and other on-chain metrics for chains including Ethereum, Solana, Binance, Polygon, Bitcoin, Celo, Gnosis and Fanton. Led by CEO and Founder Patrick Kim and based in Irvine, CA, the company plans to use recent funding to accelerate product development and drive global institutional adoption. The business positions itself as institutional-grade infrastructure to help financial institutions engage with blockchain data more efficiently.

Led · Equity · Feb 2024

Architect Financial Technologies Inc. builds trading technology and brokerage services for institutional clients across global markets. Its flagship product is AX, the financial industry’s first centralized exchange for perpetual futures on traditional assets such as foreign currencies, interest rates, single stocks, stock indexes, metals, and other commodities. Operated by Architect Bermuda Ltd. under the Bermuda Monetary Authority, AX provides regulatory clarity and is presently open to hedge funds, market makers, asset managers, insurers, and other professional investors, with a wait-list for sophisticated individual traders. Established in 2023, Architect previously raised a $5 million pre-seed round in 2023 and a $12 million seed round in 2024. The newly secured capital will be used to scale AX’s infrastructure, broaden its product coverage, and deepen global distribution. Management believes these efforts will help catalyze a new era in global derivatives trading by extending perpetual futures to traditional markets.