The Venture Codex Logo

The Venture Codex

EMURGO

Floor 11, Akasaka Enokizaka Building, 7 Akasaka, Minato City, Tokyo, 107-0052, Japan

Overview

EMURGO drives the adoption of Cardano and adds value to ADA holders by building, investing in, and advising projects or organizations that adopt Cardano’s decentralized blockchain ecosystem. EMURGO leverages its expertise in blockchain R&D as well as its global network of related blockchain and industry partners to support ventures globally. EMURGO is the official commercial and venture arm of the Cardano project, registered in Tokyo, Japan since June 2017 and in Singapore since May 2018. EMURGO is uniquely affiliated and works closely with IOHK to grow Cardano’s ecosystem globally and promote the adoption of the Cardano blockchain.

Total investments
5
Lead investments
0
Investments · 12mo
0
Active investors
4

Sector focus

  • Blockchain
  • Finance
  • FinTech
  • Incubators
Visit website

Investment portfolio

  • Mythic Protocol

    Participated · Seed · Sep 2023

    Mythic Protocol is a Singapore-based entertainment company developing games, media, and platforms. It raised $6.5M in Seed funding led by Shima Capital’s Yida Gao, with participation from multiple strategic investors and angels. The company plans to deploy the funds toward development and launch of its initial core offerings. Those offerings include RIFTSTORM, a collaborative action-shooter RPG with roguelite progression and cross-play across PC, console, and mobile; DecentralizedUniversal Meta (DUMB), a blockchain-based creator platform; and LEGACY, a collaborative set of digital asset classes that evolve based on consequence and affect asset growth and yield. Led by CEO Arief Widhiyasa, Mythic Protocol says it will use a game-first strategy to acquire, retain, and scale users.

  • LunarCrush

    Participated · Series A · Jul 2023

    LunarCrush provides a tool that allows users to search across all social media and extract the most relevant content tailored to their interests. The company builds its own algorithms rather than relying on traditional social feeds, positioning itself as a more mindful social media experience. It has been an industry pioneer in social media analytics for cryptocurrency and financial industries and is expanding beyond capital markets. LunarCrush is led by CEO Joe Vezzani and COO Evan Kennedy. The company raised $5M in a Series A at a $30M valuation and intends to use the funds to expand operations and its business reach. It is based in Costa Mesa, California.

  • SuperSight

    Participated · Seed · Jul 2023

    SuperSight is a London-based Generative AI startup that builds large language models tailored to crypto data. Its platform enables users to query a range of on-chain and off-chain sources—Discord, Telegram, Twitter, Mirror, podcast transcripts, and news—without writing code. Users can pinpoint high-performing traders, evaluate token profit and loss dynamics, and probe retention metrics through the platform’s querying tools. SuperSight uses AI to personalize and improve the search experience, making results more accurate and insightful. The company plans to use the $1M pre-seed to accelerate development of vertical-specific foundational models. Co-founded by Sungjung Kim, Advait Jayant, and Mohammed Junaid, SuperSight raised the round from several blockchain-focused investors.

  • Aether Games

    Participated · Equity · Jul 2023

    Aether Games is a transmedia studio building a unified Aether world across games, augmented reality, and CGI content. Its core products include Cards of Ethernity (a multichain game on Polygon and Sui) and the upcoming Gates of Ethernity autobattler, alongside an AR mobile app and AI technology. Cards of Ethernity is the #1 TCG on the Sui blockchain and has over 5,000 players in early access/open beta. The company plans to launch Gates of Ethernity in late 2023 and to expand its transmedia offerings, including a CGI series titled "Aether" for major streaming platforms. Aether Games raised $4.5 million in token and equity funding to support development of the Aether world-building project. The team is led by founder and CEO Jens Peeters and includes developers with credits on Hearthstone, Legends of Runeterra, God of War, and Love, Death & Robots.

  • Ejara

    Participated · Series A · Nov 2022

    Ejara provides a mobile investment app that lets users buy, sell, exchange and store crypto using non‑custodial wallets and access tokenized savings products such as government bonds. The company recently launched a savings product that tokenizes government bonds and enables users to deposit as little as 1,000 CFA franc (~$1.5) and earn up to 10% interest on two‑year deposits. Ejara serves Francophone Africa (starting in Cameroon) and supports cross‑border transactions via stablecoins, and it obtained a license to extend offerings to the French‑speaking diaspora in Europe. The startup has pursued financial education initiatives to boost adoption, targeting women, girls and other underserved groups, and plans to expand its product suite — including a yet‑to‑launch fractional investing product — toward becoming a one‑stop financial app. Operating metrics cited in the articles include growth from 8,000 users last October to more than 70,000 users across nine Francophone African countries, 10x revenue growth and 15% month‑on‑month transaction volume growth since last October. Ejara positions itself as a web3‑focused contender against traditional asset managers by prioritizing user key ownership and accessibility. Ejara was founded by Nelly Chatue-Diop with cofounder Baptiste Andrieux to build a blockchain-based mobile investment platform for Francophone Africa. The product issues non-custodial wallets that let users securely buy, sell, exchange and store crypto assets. Ejara partners with MoonPay to enable remittances and serves more than 8,000 users across Cameroon, Ivory Coast, Burkina Faso, Mali, Guinea, Senegal and francophone Africans in the diaspora. The company reports initial traction was achieved with zero marketing budget and classifies users as savers planning for the future and business customers who transact frequently. Ejara plans to expand into other asset classes including fractional shares, stocks and commodities. The startup intends to use its recent seed funding to drive growth, deploy roadmap features and expand its product and tech teams.

Team

  • Venkatesan Ellappan

    Chief Executive Officer, India

    LinkedIn
  • Bill Decker

    Chief Marketing Officer, CRO, and GM of NFT Business, Cardano

    LinkedIn
  • Omar Mawloud

    Investor

    LinkedIn
  • Kenji Sasaki

    Corporate Officer

    LinkedIn