Contango Digital Assets
Toronto, Ontario, Canada
Overview
Contango Digital Assets is a web3 venture capital fund hyper focused on infrastructure and dev tooling solutions. Contango invests in venture-stage protocols, applications and founders that can onboard the next billion people into crypto. They also run a web3 developer recruitment service called Contango Search.
- Total investments
- 7
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- Blockchain
- Cryptocurrency
- Web3
Investment portfolio
- Billy Bets
Participated · Seed · Sep 2025
Billy Bets builds AI agents and a natural-language Billy Terminal to discover and execute wagers across prediction markets and betting exchanges. The product runs on Base (Coinbase's Layer 2) and surfaces edges, routes wagers to the best available price, and enables one-click execution from users' wallets. Billy supports markets including Kalshi and Polymarket and offers customizable automated strategies and ROI tracking. The ecosystem is powered by a $BILLY utility token that unlocks staking rewards, loyalty incentives, and exclusive access; the company plans expanded token utility alongside its public launch. Founded and led by Jared Augustine and Joe O'Rourke, Billy has routed over $1 million in betting volume since June and reports growth of 23% per week. The company recently closed a $1 million pre-seed to accelerate the public launch of the Billy Terminal and personalized autonomous betting agents.
- Hivello
Participated · Equity · Jan 2024
Hivello is an Amsterdam-based DePIN aggregator focused on making DePINs more accessible. Its platform allows users to contribute computing resources and earn through various Web3 protocols. The company aims to remove technical complexity from decentralized networks so non-technical users can participate in Web3 projects. Hivello plans to use recent funding to further innovate and simplify DePIN nodes and make them more user-friendly. The report describes the transaction as a strategic investment but does not disclose financial terms. Hivello is a Toronto-based blockchain payment solution provider dedicated to transforming accessibility of decentralized services globally. It operates in the Decentralized Physical Infrastructure Networks (DePIN) sector and aims to democratize access to decentralized infrastructure. The company provides a blockchain payment solution to facilitate access to decentralized services. Recently Hivello raised an additional USD $1.5M, bringing the total amount raised during the last month to USD $2.5M. The company intends to expand its technological capabilities, expedite product development, and strengthen its market position as a leader in DePIN services. Hivello is led by Chairman Domenic Carosa, and investors include Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, Candaq, NGC, Blockchain Founders Fund, and IDG. Hivello advances decentralized physical infrastructure networks (DePIN) to transform accessibility of decentralized services globally. The company is led by Domenic Carosa and Andrew Smith and is based in Amsterdam and London. Hivello plans to launch its technology this Christmas and expects to integrate up to 100 DePINs over the next 12 months. It raised USD $1M in a Pre-Seed funding round to support those efforts. The capital will be used to expand operations and development work. The company’s core product centers on leveraging DePIN to broaden availability of decentralized services worldwide.
- Eesee
Participated · Equity · Jan 2024
eesee is a one-stop liquidity solution and gamified marketplace for sellers of digital assets, tokens, and RWAs. The platform lets sellers create customized gamified drops—such as decentralized onchain raffles—that can sell assets above current floor prices while reducing buy-side friction. Buyers can enter raffles via action-based entries (task completion) and losers receive points and airdrop opportunities to maintain mutual incentives. eesee has partnered with Chainlink (using Chainlink VRF to select winners) and announced collaborations with Ape Terminal, ApeCoin (ApeCoin DAO approval), and Polygon. Its testnet has attracted over 262,309 registrants with an average wallet age of one year; over the last 90 days those wallets recorded 858,000 transactions worth over $174 million. The company plans to launch its native token, $ESE, in an upcoming TGE in Q1 and positions the product to extend its gamified marketplace logic potentially to other asset classes.
- IntentX
Participated · Seed · Nov 2023
IntentX operates an OTC marketplace and decentralized exchange that relies on a solver network to create markets and facilitate trading. The company emphasizes an intent‑based technology approach and a multi‑solver solution to deliver improved UX for traders. Recent strategic partnerships with active market makers aim to enable integrations and tighter product alignment. IntentX received investment from the Mantle Ecofund and highlights plans for deployments and integrations on the Mantle L2 chain. The team says it will leverage strategic partners, new products, and integrations to build what it calls the most complete DEX. The raise and partnerships are positioned to support upcoming deployment plans and market maker integrations. IntentX operates a full-chain OTC derivatives trading protocol and has released an Open Beta of its platform. The protocol offers trading for more than 180 perpetual currency pairs. On the platform, market makers can concentrate capital via instant liquidity to fulfill specific trade requests. The company completed a $2.5 million seed financing to support its operations and product development. Investors in the seed round include Magnus Capital (lead) and several crypto-focused funds and trading firms. No revenue or user metrics were disclosed in the article.
- Marhaba Defi
Participated · Equity · Jan 2022
MRHB DeFi is a decentralized finance ecosystem focused on delivering halal and ethical crypto products that adhere to Islamic finance principles and reduce technological complexity for new users. The team includes developers, industry professionals and Shariah experts and built a community of over 50,000 members. MRHB has launched a Souq NFT Marketplace restricted to halal content and lists its $MRHB token on PancakeSwap, where the token has remained above launch price. Upcoming product launches include the Sahal non‑custodial filtered mobile wallet (slated for next month) and the Liquidity Harvester passive income product (planned for Q2). The project is in advanced discussions with regulated institutional partners to offer halal crypto‑wealth products, and plans additional centralized and decentralized exchange listings. Approximately 85% of funds raised came from its global community, supporting the platform’s community‑centric approach. MRHB DeFi is a halal, decentralised finance platform that embeds Shariah principles into blockchain tenets to offer a suite of ethical, inclusive, sustainable and charitable DeFi products and protocols. The project positions itself as an “Ethical and Inclusive DeFi” ecosystem aimed at bridging faith‑conscious communities with the broader crypto economy. Its offerings and governance framework are designed around transparency, security and faith‑based financial principles. The team comprises researchers, technocrats, influencers, Islamic fintech experts and entrepreneurs focused on community impact and inclusion. MRHB emphasises strong community and ethics standards compared with many other DeFi projects and publishes concept, lite and white papers outlining its approach. The company is pursuing institutional‑quality maturation while retaining a community‑centric mission.
Team
Joshua Field
Co-Founder and Managing Partner
LinkedIn