Gitcoin
1025 Walnut Street, Boulder, Colorado, 80302, United States
Overview
Gitcoin is a platform to enable open source developers to monetize their work when it is used. Gitcoin was borne of the community in Boulder, Colorado's thriving tech scene. One of the most amazing things about the Boulder community is the #givefirst mantra. The founding team has built their careers off of advice, mentorship, and relationships in the local tech community. Gitcoin is built upon the Ethereum network, and the solidity smart contract programming language. Ethereum provides opportunities to align incentives across actors in the ecosystem. By programming rights of stakeholders directly into smart contracts, actors are incentivized to provide value, and edge cases are handled _without_ having to involve legacy legal enforcement mechanisms. The founder of Gitcoin, Kevin Owocki, has experience as an organizer of Boulder Startup Week, Ignite Boulder, StartupCTO.io, Boulder Blockchain Meetup, and the open-source projects by trader, adblock-to-bitcoin, YouveGotETH, and ColoradoCoin. The stronger the community is, the more successful open source projects are. The stronger open source projects are, the stronger the community is. Gitcoin is a project that combines the #givefirst mantra of the Boulder community with capitalistic incentives to write great software. By enabling Repo Maintainers, developers, and financiers to find one another, Gitcoin pushes open-source software forward.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 8
Sector focus
- Cryptocurrency
- Developer Platform
- Ethereum
- FinTech
- Open Source
Investment portfolio
- PG Labs
Participated · Seed · Dec 2025
PG Labs (株式会社PGL) positions itself as a "Public Goods" Web3 studio dedicated to "putting every asset on-chain." The company offers end-to-end planning, development, global marketing, and treasury support for Web3 projects built on Ethereum and its Layer-2 ecosystem. A core in-house product is Pheasant Network, an interoperability protocol that connects Ethereum with more than 30 Layer-2 networks and has already processed over ¥30 billion in cross-chain transactions using its proprietary “Optimistic Interoperability” design. PG Labs has received multiple grants from the Ethereum Foundation, Optimism Foundation, Polygon Labs, and other Layer-2 projects, validating its technical contributions to public-goods infrastructure. With fresh seed funding, the company will double down on Pheasant Network development, expand research on Ethereum and Layer-2 technologies, and scale its enterprise support services in Japan. Approximately half of its newly raised capital is held in ETH and USDC, and part of the idle treasury will be actively managed to reinforce its financial base.