The Venture Codex

Participated · Seed · Apr 2025

Resolv Labs builds the Resolv DeFi protocol and issues USR, a stablecoin natively backed by Ether and pegged to the US dollar. The protocol supports issuance and redemption of USR against other tokens and maintains backing by hedging ETH price with short perpetual futures positions. It also maintains RLP (Resolv Liquidity Pool), a liquid insurance pool designed to keep USR overcollateralized; both USR and RLP can be minted and redeemed 1:1 for deposited collateral. The company plans to use its recently raised capital to expand the platform and extend USR to include bitcoin (BTC)-based strategies. Resolv Labs also intends to deepen integrations with institutional digital asset managers. Ivan Kozlov is the founder and CEO.

Participated · Seed · Jan 2025

1Money is building the world’s first Layer 1 payments network exclusively for stablecoins, designed to deliver sub-second confirmations, low fixed fees, and native compliance. The protocol uses a patent-pending Byzantine Consistent Broadcast (BCB) design intended to eliminate long delays, surge-pricing fees, security vulnerabilities, and compliance gaps on existing blockchains. Key features include instant transaction confirmation (under one second), fixed low-cost fees with plans for gasless transactions through partners, native multicurrency stablecoin support, and network fees charged in the transacted stablecoin. The network claims scalability above 250,000 transactions per second and includes embedded compliance mechanisms to automate sanctions controls. 1Money emerged from stealth with over $20 million in seed funding and plans to launch the 1Money Network in Q2, using the capital to power product development and the network rollout. The company emphasizes simplifying the Web3 experience by removing complex tokenomics, staking, and governance layers to accelerate mainstream and enterprise adoption of stablecoin payments.

Led · Series A · Dec 2024

Union Labs develops a modular, zero-knowledge (ZK) interoperability layer designed to ease movement of assets between the Ethereum and Cosmos ecosystems. The firm plans its mainnet to go live in early 2025. It has begun integrating with Polygon’s AggLayer to deepen links between Polygon and Cosmos’ IBC, and is exploring ways to build secure links into the Bitcoin ecosystem and Bitcoin L2s. Union says it aims to address Bitcoin’s scripting limitations to enable secure asset transfers and enhance DeFi on Bitcoin. Financially, Union raised $14 million in a Series A after a $4 million seed last year to expand its core team, advance partner integrations, and contribute to ecosystem growth. Founder Karel Kubat framed the raise as reflective of the team’s dedication to reducing fragmentation and bringing secure, sovereign, and seamless interoperability to Web3.

Led · Equity · Aug 2024

Ion Protocol is described in news reports as a liquidity protocol. Foresight News reported that the company raised $4.8 million in a recent funding round. The round was led by Gumi Capital Cryptos and included participation from Robot Ventures, BanklessVC, NGC Ventures, Finality Capital, and SevenX Ventures. The new capital increases Ion Protocol's total funding to $7 million. The articles focus on the financing and investor list and do not provide additional operational metrics, valuation, or use-of-proceeds details.

Participated · Series A · Aug 2024

Moonveil Entertainment is a Web3 game studio founded in 2022 and based in the Cayman Islands. The company is developing flagship titles including AstrArk (a tower defense mobile game) and Bushwhack, and plans to host third-party Web3 games on its platform. Moonveil is building on a ZK-powered Layer 2 chain using Polygon CDK technology and aims to create an aggregated multi-game metrics ecosystem across its own and external games. It is preparing a $MORE token Play-to-AirDrop event tied to its gaming ecosystem. The studio emphasizes infrastructure-level innovation through its Polygon CDK integration and aggregation layer chain solution to accelerate Web3 adoption in gaming. The team includes industry veterans with backgrounds at Riot Games, Tencent, Netease, Funplus, and CARV and experience on titles like League of Legends, Valorant, Minecraft, and EVE Online.