The Venture Codex

Led · Equity · Dec 2023

Hackless is a Kyiv-based company specializing in blockchain security solutions for the decentralized finance (DeFi) sector. Its offerings include products named Wallet Rescue and Sentinel, designed to safeguard digital assets and DeFi protocols from security breaches. The company raised $1.2M in funding to support product and technology development. The round was led by DaoMaker, with participation from Insignius Capital, Cosima Capital, DeltaHub Capital, Factorial, and Halvings Capital. Hackless intends to use the funds to further develop its security solutions. The firm is focused on preventing security breaches within DeFi environments.

Led · Seed · May 2021

QANplatform develops a quantum-resistant Layer 1 hybrid blockchain that enables developers and enterprises to build quantum-resistant smart contracts, DApps, DeFi, DAOs, tokens, NFTs, Metaverse, CBDC, tokenized assets and other Web3 solutions in any programming language. The company says its platform supports enterprise and developer use cases by combining quantum-resistant cryptography with a Layer 1 blockchain architecture. QANplatform raised $15M in a funding round to support its growth and international expansion. The company intends to use the funds to facilitate global market access and expansion. QANplatform is led by CEO Jevgenia Kim and CTO Johann Polecsak and is based in Tallinn, Harjumaa, Estonia. It has established partnerships and recognition, including being signed as Alpine Esports/Group Renault’s Official Blockchain Partner in February 2023 and selection for the EY Global Startup Academy 2023 program. QANplatform is building a quantum-proof, energy-efficient hybrid blockchain that relies on its Proof-of-Randomness (PoR) protocol and supports smart contracts in major programming languages. The project aims to lower developer entry barriers so startups and enterprises can build PoCs and MVPs quickly and run business processes on-chain in minutes. QANplatform powers projects such as StarColl, an NFT marketplace that released 800 special edition Star Wars NFTs, and has announced an integration with Chainlink to enable more complex contracts using external data. The company raised $2.1M in seed and private funding to accelerate product development, marketing, and liquidity provision on exchanges. A next milestone is a token listing on Uniswap on May 21, which the team says leverages Uniswap’s automated liquidity protocol to make tokens publicly available.

Participated · Equity · Mar 2021

Boson Protocol is a London, UK–based project established in 2019 by Justin Banon that is developing a capture-resistant dCommerce ecosystem using NFTs encoded with game theory. It is advancing a decentralized autonomous network to coordinate commerce transactions with minimized arbitration and to create an equitable Web3 marketplace for commerce data. Once live, Boson’s solution will enable users to exchange digital assets for real-world items without monopolistic intermediaries capturing value or hoarding customer data. The project closed funding rounds totaling $10M prior to its public sale. The funds will be used to grow technical and product teams, further develop prototype pilots for launch partners, and accelerate ecosystem development through grants channeled by the dCommerce DAO. Boson Protocol is building infrastructure that connects smart contracts with real-world commerce and data, enabling digital assets to be tied to physical items for frictionless exchange. The project is developing a working prototype that it plans to unveil in the coming months. Recent hiring will add 15 roles across Product, Operations and Technology, and the company is expanding token engineering and ecosystem development teams. Funds raised will finance these hires, continued international team expansion, and prototype development. Boson also plans a public token sale later in the year. The company is supported by industry advisors including founders and product leads from Ocean Protocol, Blockscience, Consensys, and Outlier Ventures.