Participated · Equity · Aug 2024

Zoth is developing what it claims to be the world’s first privacy-first stablecoin neobank, aiming to give both retail and institutional customers a trusted, transparent and compliant way to save, spend and earn in stablecoins. The platform blends institutional-grade security with a neobank-style interface to hide the technical complexity and volatility commonly associated with crypto. Management sees strong demand in emerging markets for borderless, dollar-based accounts and positions Zoth as a bridge between decentralized finance yield opportunities and mainstream banking workflows. Future plans include advancing its product roadmap, deepening compliance capabilities and expanding brand awareness through elements such as its "Zoctopus" mascot. Investor Luca Netz is expected to help craft a retail-ready community strategy, while JLabs Digital intends to leverage Zoth’s rails for a regulated DeFi fund. The recent strategic financing will accelerate product development and go-to-market efforts. No revenue, user or asset figures have been disclosed to date.

Participated · Seed · Jun 2024

Glacier Network builds a decentralized data composability protocol designed for large-scale decentralized applications, offering a composable, modular, and scalable Layer2 data-driven network. It combines L2 rollup solutions to create a programmable, multi-chain data network. The project provides a NoSQL GlacierDB that developers can use to manage data on Arweave, Filecoin, and BNB Greenfield. Glacier aims to push DApps to leverage decentralized databases (DDB) to create trustless data primitives and new data-driven use cases. The company recently completed financing that values the project at $100 million. Financially, Glacier announced an $8 million angel and seed financing round. Glacier Network is a decentralized data composable protocol designed to power large-scale decentralized applications with a composable, modular and scalable Layer2 data-driven network. The project promotes DApps to use decentralized databases (DDB) to create trustless data primitive use cases. By combining L2 rollup solutions, Glacier builds a programmable, composable multi-chain data network. Developers can manage data using its NoSQL GlacierDB across Arweave, Filecoin and BNB Greenfield. Glacier Network completed a $2.9 million seed financing. The round included participation from several institutional investors reported in the announcement.

Participated · Seed · May 2024

Style Protocol converts NFTs and other virtual assets into 3D, interoperable items that can be used across games and metaverse worlds. The platform is built on Polkadot and is designed to let players carry identity and items between virtual environments. STYLE aims to lower barriers to entry and boost adoption by making in-game items portable and usable anywhere. The company emphasizes interoperability to improve player experience and preserve the value of earned or purchased items. Style Protocol is led by founder Leo Hilse and is headquartered in Zug, Switzerland. The firm plans to use recent funding to expand operations and accelerate development efforts.

Participated · Series B · Jan 2023

Vee.Finance is a DeFi cross-chain lending protocol built on Avalanche that provides collateralized loans, liquidity mining, and direct leveraged trading by integrating multiple DEXs. Its smart contracts have been audited by SlowMist and CertiK, and the project scheduled mainnet launch for September 14. The protocol aims to lower the barrier for traditional finance users to access DeFi through friendlier product UX and higher capital efficiency via integrated DEX order books. After the recent financing, Vee.Finance plans to add a limit-order system that traverses integrated DEX order books for automated matching and execution, expand support to additional public chains based on community demand, and integrate decentralized derivatives trading. The team also launched a pre-mainnet airdrop to reward users who tested the Farm feature; the airdrop totals 240,000 VEE and will be distributed to the top 4,000 users by Farm yield (snapshot on Sept 14, 16:00; event began Sept 12, 10:00).

Participated · Equity · Mar 2022

Deliq Finance is a decentralized liquidity provisioning protocol built on the Avalanche blockchain to enable fast, scalable, low-fee EVM-compatible operations. Its core product is a Liquidity-by-Staking model that aggregates single-sided deposits into Deliq Liquidity Pools (DLPs) and deploys liquidity to exchanges to reduce slippage. Liquidity Providers stake assets into DLPs to earn yields while Liquidity Directors (market makers, DAOs, VCs) stake DLQ to direct aggregated liquidity to exchanges such as Trader Joe and Pangolin. DLQ is the native token (total supply 100 million, minted in phases with decreasing inflation) and is used for staking, directing liquidity, and rewards. The protocol aims to enable protocol-owned liquidity and long-term, cost-efficient liquidity bootstrapping for new DeFi projects. Deliq has announced an upcoming DLQ IDO on Polkastarter and plans to use IDO proceeds to seed liquidity into DLPs.