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The Venture Codex

Chainridge VC

8229 Boone Blvd Suite 600, Vienna, VA, 22182, US

Overview

Chain Ridge Capital is an early-stage venture capital firm focused on cryptocurrencies, blockchain, and decentralized finance.

Total investments
3
Lead investments
1
Investments · 12mo
1
Active investors
0

Sector focus

  • Decentralized Finance (DeFi)
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Investment portfolio

  • WorkQuest

    Participated · Seed · Nov 2025

    WorkQuest operates a workforce automation protocol that blends blockchain trust mechanisms with artificial intelligence to create a borderless, verifiable labor marketplace. Its upgraded platform features an AI job-matching engine, cross-chain execution layer, DAO governance, and integrated work-to-earn and DeFi modules, allowing employers and freelancers to transact directly without intermediaries. Users interact via smart contracts, receive payments in stablecoins, and build immutable on-chain reputations, addressing common pain points such as high fees and unverifiable ratings on traditional platforms. Early traction has come from freelancers, small-to-medium businesses, and workers in developing economies who require reliable access to jobs and payments. With the new funding, the company will prioritize AI deployment, a full platform relaunch, and the activation of community DAO governance. Founder & CEO Andrii Kotsur positions WorkQuest as the future global standard for transparent, automated employment. Although specific revenue or user numbers were not disclosed, the company underscores growing demand for trust-minimized remote work solutions. By bridging real-world employment needs with decentralized technology, WorkQuest aims to capture a share of the expanding global freelance and remote work market.

  • AOFverse

    Participated · Equity · Jan 2024

    AOFverse announced it secured grant funding from the Arbitrum Foundation. The announcement appeared as a guest post by BeInCrypto on CoinMarketCap. The article identifies the funding as a grant but does not disclose the size or financial terms. It also does not provide any description of AOFverse's product, roadmap, founding year, location, or operating metrics. The post was created and last updated nine months ago. Beyond naming the Arbitrum Foundation as the grant source, the article provides no further operational or financial details about AOFverse. AOFverse is a Web3 mobile gaming platform that emphasizes integrating Web3 features and partnering with globally popular IP. The company is preparing to launch a PvP title called Army Of Fortune. It completed a $3 million private placement to support its development and growth. The round was led by Animoca Ventures with participation from Liquid X Ventures, Chainridge VC, Ticker Capital, Flying Falcon, and BSCN Gaming Ventures. AOFverse has also previously received support from the Arbitrum Foundation. The funding is positioned to advance its Web3 integration and global IP-driven game strategy.

  • Octopus Network

    Led · Series A · Sep 2021

    Octopus Network provides a multi-chain cryptonetwork designed to bootstrap and run Web3 application-specific blockchains (appchains). Led by founder Louis Liu and based in Tokyo, the platform targets developers building Substrate-based and other Web3 teams. The company plans to launch its mainnet in September and its first appchain, DeBio (a decentralized biomed network), in October. Octopus raised $5M in a Series A to accelerate growth and expand operations. The Octopus Foundation will directly fund 20 appchain projects each year, granting them up to $1M in total per year. Its Octopus Accelerator Program offers open and composable courses and seminars to Substrate developers and Web3 teams worldwide. Octopus Network builds base-layer infrastructure that lets projects publish independent blockchains (appchains) with flexible on-demand shared security, out-of-the-box cross-chain interoperability, and infrastructure services such as explorers, API endpoints, and indexers. The platform aims to reduce the capital expenditure for launching an appchain by two orders of magnitude, lowering costs from millions to tens of thousands of dollars. The team is focused on enabling a new wave of Web3 applications to develop in a cost-effective, scalable, and secure manner. The company is using its recent seed funding to build out the base-level infrastructure for Octopus Network and support appchains preparing to deploy. Financially, Octopus completed a $3 million seed round and previously received a $1 million strategic investment from the NEAR Foundation. The project communicates updates via Discord and Twitter and positions itself as complementary to NEAR Protocol.

Team

No current team members are available.