Participated · Equity · Jul 2024

FreeBnk operates as a Lithuania-based neobank targeting crypto investors with a unified app that offers tokenized real-world asset investments (fractional property, stocks, bonds, gold), gas fee-less cross-chain crypto trading, cheaper overseas fiat transfers, merchant payments, lending, and secure custody. The company emphasizes accessibility, security, and customization, and plans ongoing research and development to build and improve its app for users new to digital asset investment. Its custody solution uses MPC technology and is backed by $30M in insurance coverage. Product lines include FreeBnk RealWorld for RWAs, FreeBnk Crypto for trading and on/off-ramps, FreeBnk Transfer for low-cost fiat transfers, FreeBnk Pay for low-fee merchant payments, FreeBnk Lending for mortgages and savings, and FreeBnk Safe for inheritance and portfolio insurance. Leadership is led by CEO Yunus Emre Ozkaya and CDO Arash Lowni. The company recently completed a financing round that affects its current financial position.

Participated · Seed · Jun 2024

Verida develops infrastructure for decentralized personal data storage and encryption as a DePIN network developer. The company focuses on providing users with decentralized storage and cryptographic protection for personal information. Verida plans to use new funding to continue development of its personal data storage infrastructure and related encryption services. The recent financing will support product development and scaling of its storage capabilities. Financially, Verida completed a seed financing reported at $5 million with a post-money valuation of $50 million. No operating metrics or past rounds were disclosed in the article.