Participated · Equity · Jan 2024

VETA Finance focuses on digital-asset structured products and provides services across decentralized finance and exchange channels. The company offers a full-service chain for DeFi platforms, structured-product quoting, and operations across exchanges and other channels. Recently it announced the completion of a $2.85M strategic financing. The round was led by Matrixport Ventures. imToken Ventures, WT Capital, Future Money Group and 280 Capital participated in the financing. The company positions itself as a provider of end-to-end structured-product services for digital-asset markets.

Participated · Seed · Sep 2022

Silence Laboratories offers privacy-preserving infrastructure built on multiparty computation (MPC), providing libraries and products that let enterprises process data and authorize actions without exposing secrets. The company sells a B2B licensing suite and currently offers two products: Silent Shard (audited by Trail of Bits) and Silent Compute. Silence targets digital-asset firms, financial and healthcare organizations, and telecommunications customers, and reports more than 20 enterprise customers including BitGo, MetaMask, and EigenLayer. The startup generates around $500,000 in annual recurring revenue and charges based on accounts protected and feature tiers. Founded as an MFA company and spun out of more than a decade of applied-cryptography R&D, Silence pivoted to cryptographic security and plans to expand teams and its R&D pipeline with new funding. Silence Laboratories is a Singapore-based web3-focused cybersecurity startup building libraries for multi-party computation and proofs-based Decentralised Security-as-a-Service (DSaaS). Its core offerings provide developer-focused functionality for key management, distributed signature and authorization built on MPC, sensing and intelligent signal processing. The company has developed flagship products, Silent Shard and Silent Auth, to support authentication and authorization needs for custodians, non-custodial and semi-custodial wallets, exchanges and web3-centric cloud service providers. Silence says it works closely with several leading players in the Web3 ecosystem to develop these products. The startup plans to widen its developer-centric decentralised security stack, strengthen its team and scale go-to-market operations. It closed a $1.7M seed round led by Pi Ventures with participation from imToken Ventures and several angel investors.

Participated · Equity · Mar 2022

CoWDAO is the steward organization for CoW Protocol, a batch-auction-based trading infrastructure that enables trustless, peer-to-peer settlement and MEV protection on EVM chains. The protocol was incubated inside GnosisDAO for four years and was autonomously spun out via a governance proposal and community deployment that created CoWDAO and a vCOW token airdrop. CoW Protocol powers a network of traders and solvers and aims to become a core settlement layer for decentralized trading across Web3 by delivering better prices through P2P execution and co-shared costs. The recent $23M raise will fund ecosystem development, hires, expansion into new chains where MEV protection is needed, and marketing. Token distribution and the fundraising process emphasized decentralization: no single holder has >1% of vCOW supply except GnosisDAO, and more than 5,000 CoWmunity participants took part alongside 57 private investors. The community investment mechanism allowed protocol users to exercise options to receive vCOW tokens at a set price, vested linearly over four years. High take-up rates were reported: 90.9% of Ethereum-allocated options and 50.2% of Gnosis Chain-allocated options were exercised.

Participated · Equity · Oct 2021

Aurora Labs is an Ethereum-compatible developer platform built on top of the NEAR Protocol that provides an Ethereum Virtual Machine (EVM) with high throughput and low transaction costs. The platform lets developers use ETH as the base token rather than introducing a new native token. Aurora operates bridges between Ethereum and NEAR and between Ethereum and Aurora to enable cross-chain activity. The company plans to update its Rainbow Bridge to allow NFTs to move seamlessly between NEAR and Ethereum. Other products in development include a price oracle, a data indexer, a block explorer and more. Aurora intends to use recent funding to continue EVM and bridge development and to expand its 25-person team by hiring additional blockchain engineers.

Participated · Series A · Jun 2021

Nansen is a blockchain data analytics platform that enriches on-chain data with millions of wallet labels to help investors and businesses discover projects, conduct due diligence, and monitor money flows. It analyzes billions of transactions, millions of addresses, and thousands of entities across chains including Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, and Celo, and presents insights via visual dashboards. Customers span retail and institutional investors — including Three Arrows Capital, DeFiance Capital, Genesis Block Ventures, Polychain and others — as well as protocol teams such as Axie Infinity, Polygon, and Lido. Founded in 2020 and based in Singapore, Nansen has seen rapid adoption, reporting more than a 20x increase in subscribers over the last year and over 400% user-base growth since its Series A. The company plans to use new funding to hire developers and research analysts, expand product features and multichain integrations, and roll out new product lines including Nansen Query, a Nansen API, and the Nansen Ecosystem offering. It also intends to improve Nansen Standard and Nansen Alpha, support 10+ blockchains, and scale internationally to serve institutional customers programmatically. Nansen builds analytics dashboards for crypto traders and hedge funds, analyzing public blockchain information across some 90 million Ethereum wallets. Its product surfaces signals across verticals including DeFi, yield farming, liquidity pools, DEX activity, and NFT collections, with a popular "Token God Mode" dashboard for ERC20 token flows. The company sells tiered subscriptions, including a $116/month package for traders and a $2,500/month plan offering bespoke support, weekly calls, exclusive chat groups and vertical-specific information sessions. Nansen publishes some higher-level data publicly while reserving more granular, up-to-the-moment data for paying customers. Customers cited in the article include crypto funds such as Polychain, Three Arrows, Pantera, and Defiance Capital. The product and commercial approach position Nansen to serve both retail traders and institutional investors navigating decentralized finance.