Participated · Seed · May 2025

Miden is a New York City blockchain infrastructure startup spun out of Polygon Labs and led by Bobbin Threadbare. The company operates a zk-powered blockchain platform designed to let builders create novel, high-throughput, private applications for payments, DeFi, digital assets and gaming. Applications and users on Miden are secured by Ethereum and AggLayer. Miden raised $25M in seed funding and intends to use the proceeds to expand operations and development efforts. The company is developing toward a mainnet launch slated for the fourth quarter of 2025.

Participated · Seed · Mar 2024

Karma3 Labs is building OpenRank, a decentralized reputation protocol that enables developers and web3 protocols to provide ranking, recommendation, and reputation services on‑chain. OpenRank lets developers permissionlessly compute on reputation graphs constructed from on‑chain or peer‑to‑peer social graph data and supports graph algorithms such as EigenTrust. The protocol leverages zero‑knowledge proving systems to make graph‑algorithm computation verifiable and cost‑effective, and aims to be Sybil‑resistant, open‑source and permissionless. Early use cases cited include community ratings for app marketplaces like MetaMask Snaps, ranking and recommendation APIs for Lens and Farcaster, on‑chain discovery feeds for wallets, and reputation‑based voting and governance. Karma3 plans to use the $4.5M seed to broaden adoption across early use cases and to launch protocol v1 for developers. The team positions OpenRank as a foundational reputation compute layer intended to reduce centralized gatekeeping and power decentralized web‑of‑trust experiences.

Participated · Equity · Jan 2022

Animoca, also known as Outblaze Ventures, focuses on developing and publishing mobile games and educational applications for iOS and Android devices. Since its debut in January 2011, the company has launched over 150 titles across smartphones and tablets. Animoca also operates several brands, including Dream Cortex, to broaden its reach in the mobile entertainment space. In only ten months on the market, its apps have amassed more than 40 million downloads worldwide, underscoring strong early traction with users. The firm’s rapid content rollout demonstrates an aggressive product strategy targeting global smartphone audiences. Backing from major technology investors suggests confidence in the company's ability to scale its portfolio further. While revenue figures were not disclosed, the significant download volume highlights Animoca’s potential for future monetization and growth opportunities.

Participated · Equity · Sep 2021

Nahmii is a Layer 2 scaling protocol for Ethereum that launched Nahmii 2.0 to support generalized smart contracts and institutional use cases. Nahmii 2.0 uses a “state pool” technology that combines the instant finality of state channels with pooled security to deliver instant, Ethereum-secured finality and high transaction speeds. The platform emphasizes low, predictable fees, composability, optional KYC/AML integration for regulated institutions, and a complete suite of developer tools that are EVM-compatible. The new version builds on a payments-only Nahmii 1.0 (released in 2018), and the team has prior experience on Bitcoin’s Lightning Network, Plasma, and a content-distribution platform that served 50 million daily users. Nahmii says its low latency is on par with centralized servers and that these attributes enable institutional-scale applications. The company has raised $8M in the current funding round.