Injective
205 West 28th Street, New York, NY, 10001, United States
Overview
Injective Labs is a key contributor to Injective, the blockchain designed specifically for finance. Injective is an open, interoperable network that provides solutions for DeFi developers in a unique way. Injective, which is Cosmos IBC and Ethereum compatible, is a hub for dApps shaping the future of finance. Injective-based applications benefit from zero gas fees, secure transactions, and fast transmissions for dynamic scalability. The company aims to create a truly free and inclusive financial system through decentralization.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Blockchain
- Cryptocurrency
- Finance
- Internet
Investment portfolio
- Build on Bitcoin
Participated · Equity · Jul 2024
Build on Bitcoin (BOB) is creating a technology stack that makes Bitcoin-based DeFi possible, positioning itself as the “Gateway to Bitcoin DeFi.” Its core product is the first hybrid zero-knowledge (ZK) rollup designed for Bitcoin, which the team has already brought to testnet. BOB has also launched a BitVM bridge in collaboration with institutional partners and introduced the first Bitcoin intents system that offers one-click BTC access across major chains. The project plans an imminent token generation event (TGE) and a full transition to community governance, reflecting its goal of decentralized ownership. To date, BOB has secured more than $25 million in funding, comprising $21 million from seed and strategic rounds plus a recently completed community sale. This capital is being used to refine its rollup technology, expand cross-chain connectivity, and onboard users and developers into Bitcoin-based DeFi.
- Astar Network
Participated · Equity · Jan 2022
Astar Network is a parachain on the Polkadot network that supplies smart contract functionality which Polkadot’s relay chain does not natively support. The network offers developer incentives through its #Build2Earn protocol, paying contributors in ASTR tokens for building smart contracts and infrastructure. Astar received $22 million in strategic funding to support its planned geographical expansion. The funding round included leading crypto venture firms and a broader group of ecosystem investors, indicating continued VC interest in Polkadot-layer projects. Astar’s core product centers on enabling smart-contract developers on Polkadot and fostering on-chain developer activity via token rewards. No operating metrics (revenue/users) or prior financings were mentioned in the article.