Led · Grant · Jul 2024

Momint is a South African Web3 platform that educates users about Web3 technologies while providing a marketplace for owning and trading energy assets on-chain. The company plans to integrate the Internet Computer Protocol (ICP) blockchain to enhance its business operations. Momint intends to use recent funding to support global expansion and to gain, retain, and expand market share. The platform targets both consumers and investors, positioning itself as a safe environment for energy-asset tokenization and trading. No revenue or user metrics are mentioned in the article. Momint provides a blockchain wallet integrated into its app that lets users spend cryptocurrencies at thousands of South African and overseas retailers and top up crypto via integrated exchanges. The company also operates a marketplace for investing in solar projects, including its SunCash initiative launched in January 2023. Momint reports a community of 55,000 users, over $1.4 million in sales, and partnerships with more than 10,000 retailers domestically and 5,000 overseas retailers. Its wallet supports purchases of USDC and Ethereum with real-time rates, peer-to-peer sending, and KYC/KYT/AML checks. Momint aims to expand utility for crypto payments, enable low-cost cross-border transactions, and increase financial inclusion for small businesses and the informal economy. Funds from the current raise are earmarked for marketing, growing assets under management, and driving toward profitability.

Participated · Seed · Dec 2021

InfinitySwap is developing a next‑gen AMM on the Internet Computer (Dfinity) intended to create, stake, and swap tokens and to bring native Bitcoin staking to users. The protocol leverages Dfinity’s Chain‑Key technology to enable smart contracts to take control of BTC keys so users can stake BTC directly from their wallets. The team intends to be among the first AMMs launched on the Internet Computer and highlights technological differentiation from EVM chains. Founders Max Chamberlin (CEO) and Alessandro Rietmann (CTO) have backgrounds from Oxford and Cambridge and about four years of blockchain development experience. The project is backed by top venture firms and has a team of around 20 people building the product. It positions itself as a decentralizing alternative to solutions that require third‑party custody, such as RenVM.

Participated · Seed · Oct 2020

Liquity is a decentralized protocol offering interest-free liquidity against Ether through its USD-pegged stablecoin, LUSD. It issues loans called troves that require overcollateralization, with a minimum collateralization ratio of 110%. That low ratio is enabled by a novel, efficient liquidation process for troves that fall below the minimum. The protocol is fully algorithmic with minimal human governance and relies on a decentralized network of financially incentivized front-end operators. Liquity has partnered with Gauntlet to simulate and stress test its complex incentive mechanisms. The company plans to use recently raised seed proceeds to support platform growth and development and to help bootstrap network usage.