Inception Capital
P.O. Box 3140, Road Town, Tortola, VG1110, Virgin Islands
Overview
Inception Capital, formerly OP Crypto, is a first-check VC focusing on early-stage web3 startups. Since raising $50M in September 2021, we have been at the forefront of the industry, investing at the earliest stage in over 30 projects such as Scroll Tech, Merit Circle, Avalanche, Celestia. Backed by esteemed investors like Bill Ackman, Alan Howard, and Garry Tan, and institutions including Galaxy Digital, Animoca Brands, and Mirana, Inception Capital boasts an extensive, global network. This network spans venture funds, exchanges, expert advisors, and major ecosystem founders (Solana, Avalanche, Polygon, Scroll, et cetera), enabling us to source and secure the most competitive deals in the market. Our team, rooted in the United States yet deeply connected to the APAC region, positions Inception Capital as a vital conduit between East and West. This unique positioning allows us to offer our portfolio companies more than just capital. With a dedicated team providing portfolio support, we assist our founders in key areas such as marketing, tokenomics, and strategic networking, ensuring they have the tools and guidance necessary to thrive in an ever-evolving landscape. Discover more about Inception Capital and how we are shaping the future of crypto venture capital: Visit our website: https://www.inception.capital/ Follow us on Twitter: https://twitter.com/_inceptioncap
- Total investments
- 11
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Blockchain
- Cryptocurrency
- FinTech
- Venture Capital
- Web3
Investment portfolio
- Skyfire Systems
Participated · Seed · Aug 2024
Skyfire Systems has built an open payment protocol that gives AI agents secure wallet access, verifiable identity, and instant settlement rails so they can purchase products and services without human intervention. The platform already processes payments between AI agents and enterprises such as Emergence AI, Pricing Culture, Venice AI, Micro1, OpenRouter and Net Nut. To keep on-chain costs low, Skyfire is integrated with Base, Coinbase’s Layer-2 blockchain, where average transaction fees run below one cent. The company also supports the Coinbase Wallet, letting agents hold value and transact with other agents, companies or individuals. In just weeks since launch, the network has begun commercial payment flows for LLM aggregators and large financial-services firms. Skyfire plans to use its new capital to expand operations and accelerate product development. Following the latest raise, the San Francisco-based company’s total funding stands at $9.5 million.
- MultiVM
Led · Seed · May 2024
MultiVM is building a novel zk-rollup on Ethereum that unifies multiple virtual machines and programming languages to support multi-language smart contract development. It enables EVM developers to extend beyond the Ethereum ecosystem and allows non-EVM developers to build into the Ethereum ecosystem. The project emphasizes fast performance and secure cross-virtual-machine calls, effectively allowing each VM to run on a single unified Ethereum rollup. According to coverage, MultiVM evolved from the decentralized exchange Spin on NEAR. The team has just completed an early financing round to support development and expansion. The articles do not disclose operating metrics such as revenue or user counts.
- Theoriq
Participated · Seed · May 2024
Theoriq is developing Alpha Protocol, a decentralized finance platform that deploys autonomous AI agents to manage user assets and yield strategies. The ecosystem is centered on THQ, a utility token with a fixed supply of 1 billion that will be generated at its Token Generation Event (TGE) scheduled for December. The protocol plans to launch AlphaVault, allowing users to deploy ETH into agent-run strategies, and will later expand incentive programs for ambassadors and agent operators. Token distribution allocates 24 % to core contributors (one-year cliff, three-year vest), 30 % to investors, 18 % to community incentives, and 28 % to the treasury for partnerships and ecosystem growth. A public sale will release 2.67 % of tokens with 100 % immediate unlock, while additional airdrops and rewards will seed the community. Financially, Theoriq has raised a $6.2 million seed round from VCs and collected $2 million through Capital Launchpad at $0.075 per THQ. These funds will support protocol development, liquidity provisioning, and incentive programs as the project approaches its TGE.
- ChainML
Participated · Seed · May 2024
ChainML launched an Agentic Base Layer called Theoriq. Theoriq is implemented with blockchain and based on principles of social evolution to enable continuously improving, community-governed AI systems. Key features include Agentic Primitives that enable autonomous interaction, modular composability to combine and recombine AI components, and community-permissioned governance to vest decision-making with diverse stakeholders. The company raised $6.2M in a seed extension, structured as equity with token warrants. ChainML intends to use the funds to expand its development efforts for Theoriq. The company is led by CEO Ron Bodkin and positions Theoriq as a foundation for transparent, community-driven AI integration in decentralized spaces.
- Camp Network
Participated · Seed · Apr 2024
Camp Network is a modular Layer 2 blockchain service provider. It aims to bridge the gap between traditional systems and new digital realms. The company offers modular Layer 2 blockchain services to connect traditional and digital environments. Camp Network completed a $4 million seed financing led by Maven 11. Other participants in the round included OKX, Protagonist, Inception Capital, Paper Ventures, HTX, Moonrock Capital, and Eterna Capital. The fundraise was reported on April 3, 2024.
Team
No current team members are available.