Participated · Seed · Jan 2026

Aura Finance operates a decentralized real-world asset (RWA) infrastructure protocol that tokenizes U.S. Treasuries and offers users risk-free yields in a familiar on-chain savings-account format. The platform employs a proprietary “bankruptcy-remote” architecture that isolates underlying assets via trust-based SPV structures, mirroring traditional finance protections. Aura positions itself as a compliance-first solution and is actively pursuing licensing across Asia-Pacific and other major financial jurisdictions. Its roadmap includes building multi-chain settlement rails to lower gas costs and improve user experience, as well as broadening distribution of tokenized Treasury products to non-crypto-native audiences. Backing from market-makers like Wintermute gives Aura institutional-grade liquidity from launch, while strategic investors such as Coinbase Ventures and a16z crypto facilitate deeper integrations across the Web3 ecosystem. The company intends to leverage its fresh capital to accelerate technology development, compliance expansion, and market growth initiatives.

Led · Debt Financing · Jan 2026

Founded in 2013 in Reykjavík, Alvotech focuses on the development and large-scale manufacture of biosimilar drugs. The company already has five biosimilars on the market, including equivalents to Humira, Stelara, Simponi, Eylea and Prolia/Xgeva. Its pipeline encompasses 30 products, with nine disclosed candidates targeting autoimmune, eye and respiratory diseases, osteoporosis and cancer, and it plans four additional global launches by 2026. To support this growth, Alvotech is expanding production capacity and fortifying its supply chain while leveraging a broad network of commercial partners across the United States, Europe, Asia, South America, Africa and the Middle East. Management positions the firm to become a global biosimilar leader by pairing R&D scale with manufacturing expertise. Recent financings—including term loans, convertible bonds and refinancing transactions—have bolstered liquidity for continued R&D investment and operational expansion.

Participated · Equity · Apr 2024

Xion is a modular Generalized Abstraction layer-one blockchain designed to enable seamless user experiences and consumer-ready Web3 products. The protocol allows developers to build, launch, and scale consumer-facing applications while prioritizing ease of onboarding. Xion is the first blockchain to integrate USDC as its primary transactional currency, aiming to provide predictable pricing across ecosystem interactions. Its Meta Accounts remove the need for direct private key management while remaining fully non-custodial and support Web2-friendly onboarding via email and biometrics. Meta Accounts also enable cross-device usage, key rotation, multi-factor authentication, and account recovery. The company reported product traction in testing with more than 1.3 million Meta Accounts created, over 15 million transactions processed, and an ecosystem of more than 150 projects. The new $25M in funding will be used to rapidly expand development and grow Xion’s global ecosystem.

Participated · Series A · Apr 2024

XION is a modular Generalized Abstraction layer designed to remove crypto onboarding friction and enable developers to build consumer-ready Web3 products. The protocol integrates USDC as its primary transactional currency to provide predictable pricing across ecosystem interactions. XION’s Meta Accounts remove the need for direct private key management while remaining non-custodial, enabling familiar Web2 onboarding methods like email and biometrics, cross-device use, key rotation, multi-factor authentication, and account recovery. The project says it is launching mainnet and aims to expand developer tooling and consumer applications. During testing XION created more than 1.3 million Meta Accounts, processed over 15 million transactions, and attracted an ecosystem of over 150 projects. The new capital will be used to accelerate development and grow the global ecosystem. Burnt Finance began as a crypto startup that famously burned a Banksy artwork and the NFT they minted for it. It developed a decentralized auction protocol on Solana and is now launching a DeFi-oriented NFT marketplace offering English, Dutch and Buy Now auctions. The marketplace will integrate DeFi features such as NFT lending, liquidity mining with staking incentives, fractionalization and GameFi to provide permissionless access with low fees and fast speeds. The company reports a 160,000-user waitlist and says its Spark testnet processed over $100 million of trading volume in seven days. Burnt Finance plans to expand to additional blockchains including Terra and other EVM-compatible layer-one protocols. It previously raised $3 million for its auction protocol in a round led by Multicoin and Alameda Research and incubated by Injective Labs. Burnt Finance is developing a decentralized auction platform for NFTs that runs on Solana. The project evolved from the “Burnt Banksy” stunt, in which the group burned an original Banksy and sold its NFT on OpenSea for $400,000 after buying the physical work for $95,000; that stunt drew coverage from CBS, BBC and The Guardian. The team says high Ethereum gas fees and network congestion made minting and bidding prohibitively expensive, so it chose Solana for faster performance and lower transaction costs. The platform will use Solana Wormhole to connect ETH and ERC-20 tokens to SPL tokens to enable cross-chain interactions. Burnt Finance has raised $3 million to build the protocol and is being incubated by Injective Protocol. The company cites both technical and ecosystem reasons for selecting Solana as the auction layer.

Participated · Seed · Jan 2024

Masa Network is building a decentralized, privacy-first marketplace for personal data that leverages zero-knowledge and fully-homomorphic encryption to preserve user privacy. The platform lets users contribute data and earn rewards in Masa's native token while granting developers permissioned access to train AI models and build applications. Masa describes itself as a “Decentralized Google” for personal data and emphasizes data sovereignty and fair compensation for creators. The project plans a Q1 mainnet launch on a dedicated Avalanche Subnet through a strategic partnership with Avalanche. Since launching in August 2022, Masa reports over 1 million connected wallets, more than 15 million permissioned data points, and over 23,000 testnet node operators, with early adoption from projects like Avalanche, QuickSwap, Injective, and Celo. Financially, Masa announced a $5.4M Seed round that brings total funding to $9.2M. The company was incubated by Coinlist’s Seed Program and Binance’s Most‑Valuable‑Builder Accelerator. Masa Finance is a hybrid credit protocol and decentralized credit bureau that aggregates off-chain and on-chain data to create non-fungible on-chain credit reports. The platform links traditional financial accounts and credit bureau data with crypto holdings and on-chain signals, integrating over 10,000 off-chain sources across 78 countries and 26 on-chain integrations (exchanges and wallets such as Binance, Coinbase, FTX, Gemini and MetaMask). Built on Celo and Ethereum, Masa aims to give users ownership and sovereignty over their credit history and eventually migrate governance to a DAO structure. The company is launching out of beta with about 36,000 people signed up, most users in sub‑Saharan Africa (notably Nigeria and Kenya), more than 2,100 node operators on its live testnet, roughly 300 developer registrations and seven projects registered to integrate. Masa is preparing credit products including a credit builder loan, uncollateralized loans and an SME line of credit through its app, and hopes to partner with lending protocols such as Goldfinch. Financially, Masa raised $3.5M in pre‑seed funding, reports double‑digit growth each month since the start of the year, and plans a seed round to fund hires, the protocol's production release, a public token sale, and scale-up of node operators and developer and lender onboarding.