Participated · Seed · Feb 2025

Mansa offers an embedded, revolving line of credit denominated in stablecoins, allowing B2B payment platforms, virtual card providers, remittance firms and other fintechs to pre-fund and settle transactions instantly. The platform underwrites borrowers on real-time transaction data rather than collateral and sources liquidity at scale from DeFi protocols, quant funds, family offices and hedge funds. Since launching six months ago, it has financed more than $18 million in payments, processed nearly $31 million in volume and grown monthly throughput from $1.6 million in August to $11 million in January, a 37.5% compound monthly growth rate. Mansa now operates at a $240 million TPV run-rate and targets a $1 billion run-rate by year-end, claiming 0% defaults to date and 350% revenue growth over the past six months. Clients report a 30% lift in transaction volumes and a 10% revenue boost after onboarding. Co-founders CEO Mouloukou Sanoh and COO Nkiru Uwaje draw on prior experience at Adaverse, SWIFT and Dell, and have recently added senior compliance hires from HSBC and Franklin Templeton to build robust AML, KYC/KYB and blockchain analytics frameworks. Beyond lending, the company plans to layer on instant payouts, foreign-exchange services and other on-chain payment tools, positioning itself as a Stripe-like one-stop platform for emerging-market cross-border commerce.

Participated · Seed · May 2024

Parasail builds DePIN infrastructure that authorizes and coordinates physical assets and hardware on decentralized networks to ensure user service levels. The platform focuses on dynamically allocating hardware resources according to demand. The company says the new funding will accelerate its overall roadmap and deployment of interested assets and hardware on DePIN. Financially, Parasail completed a $4.0M seed financing at a $50.0M valuation led by Protocol Labs. The raise provides early-stage capital to scale operations and implement its coordination mechanisms. No operating metrics or founding details were provided in the article.

Participated · Equity · Apr 2024

Tevaera is a Web3 gaming ecosystem built on zkStack. The company completed a $5 million financing led by Laser Digital, the digital-assets arm of Nomura Securities. Named investors include HashKey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto.com Capital, Cogitent Ventures, Selini Capital, DWF Labs, Morningstar Ventures, DCF God, Momentum6, GBV Capital, Mapleblock Capital, GD10 Capital, Aquanow, Coinswitc, and others. Tevaera announced plans to launch two new games on zkSync. It also intends to launch the first decentralized Layer 3 (L3) gaming chain.

Participated · Equity · Apr 2024

YieldNest is a Singapore-based company building a liquid restaking protocol centered on EigenLayer’s $11 billion shared security and decentralized trust markets. Led by CEO Amadeo Brands, the firm is developing a suite of products for the liquid staking landscape. Its first upcoming product, ynETH, is a liquid restaking token designed to boost and auto-compound ETH yields via a curated AVS basket composed of isolated AVS categories. YieldNest raised $5.2M in funding and says the round was oversubscribed. The company intends to use the funds to expand operations and development efforts. Brands stated that contributors, angels, and advisors share the company’s vision for the future of restaking and LRTs.

Participated · Equity · Apr 2024

Gasp, previously called Mangata, is developing a cross-chain exchange focused on lightning-fast, low-cost swaps. The team says it aims to become the crypto ecosystem’s primary cross-chain exchange and improve Ethereum’s UX. The company raised a $5 million round in the latest financing, bringing total invested capital to $11 million. The raise values Gasp’s token at $80 million. New partners joining the round include Cluster Capital, Master Ventures, Faculty Group, LVT, Moonhill, and Token Metrics, among others. Returning investors named in the post include Polychain and CMS. Gasp plans to use the new capital to further develop the product and is hiring in marketing, sales, and operations.