Participated · Seed · Apr 2025

Sats Terminal provides a decentralized, Bitcoin-centric financial platform through both its flagship application and specialized SDKs. Its first core product, Borrow, launched in January 2026 and lets users post native BTC as collateral to obtain stablecoins across Ethereum, BNB Chain, Arbitrum, and Base without surrendering custody. A second product, Earn, is slated for release in March 2026 to give users yield-generating opportunities on their BTC holdings. The team is also finalizing integrations with major wallet providers to widen distribution of its services. Beyond product expansion, Sats Terminal plans to leverage strategic partners to embed its technology in broader crypto ecosystems. The company previously secured a $1.7 million pre-seed round in late 2025 led by Coinbase Ventures and Draper Associates. No operating metrics such as revenue or user counts were disclosed in the article.

Participated · Seed · Oct 2024

Airstack builds a Web3 application programming interface platform designed to let individuals discover and use data from the Web3 ecosystem via APIs. The platform aims to simplify access to on-chain data for users and applications. Airstack announced on X that it completed a $4.0 million seed round. The company did not disclose any valuation information in the announcement. The seed financing involved multiple crypto and venture investors, and included participation from Allen Day of Google Cloud. No operating metrics were provided in the article. Airstack provides a developer platform that lets users query, combine, and integrate cross-chain, on-chain and off-chain data using natural-language requests powered by AI. Since debuting in April, the platform has attracted over 200 developers working on projects from DeFi portfolio optimizers to decentralized social and messaging apps. Developers can make single queries that return combined data across blockchains and applications (for example, querying MATIC holders with ENS, Lens, and Farcaster info). Simultaneously with the funding announcement, Airstack released an updated Jam social app built on Farcaster and Ethereum for iOS and Android. The company currently offers its services free of charge but plans to implement a pricing model after identifying where it adds the most value. Management’s immediate focus is onboarding thousands of developers to surface genuine business use cases before finalizing pricing.

Participated · Seed · Jul 2024

Bima Labs is developing USBD, a universal stablecoin backed by restaked Bitcoin that is intended to be chain-agnostic. The platform lets users across Bitcoin L2s and side chains stake Bitcoin as collateral and restake corresponding liquid staking and staking tokens into a vault to mint USBD. USBD is designed for lending, borrowing, swapping, and as credit against staked Bitcoin, and operates across multiple blockchains. Collateral will be accepted from EVMs, Bitcoin L2s, Solana, STX, Runes, Ordinals, Arch Network, Bitcoin L1, and more. The company is led by CEO Siddarth Sridhar and plans to use new capital to expand operations and accelerate development. No operating metrics were disclosed in the article.

Participated · Equity · Jul 2024

Term Labs develops Term Finance, an auction-based on-chain fixed-rate lending protocol designed to operate at institutional scale. Since launch, Term Finance has serviced over $100 million in volume and posts consistent weekly clearing volumes in the seven-figure range. The protocol uses isolated, modular collateral pools and multiple oracle safeguards (staleness and zero-price checks, fallback oracles, sequencer uptime checks) to mitigate contagion and concentration risk. Term Finance has completed multiple code audits, public GitHub traceability, on-chain verification, and formal verification via Certora's CLI. Term Labs is piloting auctions backed by permissioned real-world assets (RWAs) in partnership with MatrixPort and plans growth tied to tokenization and RWA adoption. The company is launching an invite-only rewards program (Season 1 running through summer into early fall) to engage and reward early adopters. Term Labs is a San Diego, CA–based blockchain research and development company led by CEO Dion Chu. It focuses on developing transparent, scalable fixed-rate lending on blockchains. The company is building Term Finance, a decentralized lending protocol that uses an auction model to support scalable fixed-rate/fixed-term lending. Term Finance aims to bring transparent, low-cost, crypto-native solutions for borrowers and lenders at institutional scale when it launches on Ethereum. Term Labs intends to use the seed funding to develop Term Finance. The company raised $2.5M in Seed funding with participation from multiple blockchain-focused investors and DeFi founders.

Led · Seed · Jan 2023

Hatchfi is a crypto integration platform that securely connects users’ crypto accounts to any app like they would a bank account. The platform leverages the WalletConnect open-source tool to authenticate wallet addresses from 240+ wallets and then queries blockchains for balances and transaction data. For most EVMs it retrieves tokens and token transfers, and it provides NFT data support for Ethereum, Arbitrum, Polygon, and Optimism. Hatchfi advertises no connection limitations, no sync credits, no degressive pricing, zero data-storage limitations, and aims to deliver accurate, complete integrations. The company serves 30+ fintech clients across accounting & tax apps, investment platforms, crypto lending, financial tracking, and crypto social apps. Founded in 2022 and based in San Francisco, Hatchfi plans to use recent funding to grow its engineering team, improve data quality and infrastructure, and maintain industry-best security protocols.