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The Venture Codex

Founderheads

Vilnius, Vilniaus Apskritis, Lithuania

Overview

Founderheads is a GP funded, founder-focused Europe based early stage web3 VC. We’re hands-on investors that focus on strategic value add.

Total investments
10
Lead investments
0
Investments · 12mo
1
Active investors
2

Sector focus

  • Blockchain
Visit website

Investment portfolio

  • Maha

    Participated · Equity · Nov 2025

    Maha develops core on-chain infrastructure and related tools designed to bring the next wave of users onto blockchain networks. Its platform focuses on expanding global infrastructure, fostering collaborations across the Web3 ecosystem, and accelerating product innovation for decentralized applications. The company positions itself as a partner to both institutional and retail participants by delivering scalable, user-friendly solutions. Backed by a strong roster of crypto-native funds and strategic angels, Maha is doubling down on product development and ecosystem growth. Future plans include broadening international infrastructure footprints and deepening integrations with industry partners. Financially, Maha has secured $17 million in venture backing across two rounds since February 2024, providing the capital to execute its roadmap. No revenue or user metrics were disclosed in the fundraising announcement.

  • Fiamma

    Participated · Seed · Dec 2024

    Fiamma develops Bitcoin and zero-knowledge (ZK) infrastructure, notably the Fiamma Bridge (a trust-minimized Bitcoin bridge) and Fiamma Layer (a ZK verification layer powered by BitVM2). The company says it has implemented the first efficient Bitcoin verifiers (Fflonk and Groth16) to enable optimized ZK verification on Bitcoin. Fiamma positions its technology to unlock programmable financial systems and real-world Bitcoin use cases such as stablecoins, payments, lending, DeFi, cross-chain interoperability and decentralized applications. The company plans to scale operations, accelerate product development, and drive adoption of its foundational technologies using the new funding. Fiamma is running a "The Mama Code" testnet campaign to invite users to engage with the Bridge and earn rewards. The article is datelined Singapore and emphasizes Fiamma's role in advancing BitVM2 implementations.

  • Stabble

    Participated · Seed · Aug 2024

    stabble is a Solana-based protocol headquartered in Dubai, UAE, that redesigns liquidity pools to improve capital efficiency and reduce impermanent loss and high price impact for traders. Led by CEO Kilian Krings, the protocol introduces protocol-managed and arbitrage pools and enables pool owners to create custom pools with roughly 80% lower liquidity requirements. After a 14-month devnet phase with more than 40,000 active participants, stabble launched its DEX mainnet to provide improved capital efficiency and risk management. The company raised $2.5M in a combined pre-seed, seed, and private funding round and intends to deploy the capital toward product development, marketing, security audits, exchange listings, and enhancing token and protocol liquidity. The product roadmap emphasized security and liquidity improvements tied to the mainnet debut.

  • FreeBnk

    Participated · Equity · Jul 2024

    FreeBnk operates as a Lithuania-based neobank targeting crypto investors with a unified app that offers tokenized real-world asset investments (fractional property, stocks, bonds, gold), gas fee-less cross-chain crypto trading, cheaper overseas fiat transfers, merchant payments, lending, and secure custody. The company emphasizes accessibility, security, and customization, and plans ongoing research and development to build and improve its app for users new to digital asset investment. Its custody solution uses MPC technology and is backed by $30M in insurance coverage. Product lines include FreeBnk RealWorld for RWAs, FreeBnk Crypto for trading and on/off-ramps, FreeBnk Transfer for low-cost fiat transfers, FreeBnk Pay for low-fee merchant payments, FreeBnk Lending for mortgages and savings, and FreeBnk Safe for inheritance and portfolio insurance. Leadership is led by CEO Yunus Emre Ozkaya and CDO Arash Lowni. The company recently completed a financing round that affects its current financial position.

  • Cookie3

    Participated · Equity · Jun 2024

    Cookie3 is a Web3 user analytics service provider that builds a data engine to interpret various on‑chain NFTs, smart contracts and tokens. The company's stated aim is to understand Web3 users' behavioral profiles across chains. Recently Cookie3 secured a $2.8M strategic investment. The round was led by Animoca Brands and included Mapleblock Capital, Castrum Capital, Founderheads, Unreal Capital, Oddiyana Ventures, ChainGPT Labs, SkyVision Capital (SVC), New Tribe Capital, Undefined Capital and Kangaroo Capital. No revenue or user metrics were reported in the article.

Team