Participated · Equity · Apr 2026

KAIO develops infrastructure that allows asset managers to package and distribute institutional funds on blockchain rails, working with products from firms such as BlackRock, Brevan Howard and Hamilton Lane. The platform aims to lower investor entry barriers by enabling minimum investments starting at $100 for eligible users. KAIO embeds compliance into its systems and supports regulated distribution frameworks in Abu Dhabi, the Cayman Islands and Singapore. The company plans to expand its product set into credit, structured investments and ETFs and to launch an onchain fund in partnership with Mubadala Capital. KAIO also intends to channel USDT stablecoin liquidity into regulated investment products. The firm reported it manages about $100 million in assets and has processed over $500 million in transactions.

Participated · Seed · May 2025

Turtle has built a liquidity distribution protocol that curates opportunities, consolidates liquidity, and routes it to DeFi partners via a data-driven coordination layer. The platform currently serves an expanding network, linking more than 358,000 wallets and routing over $5.5 billion in liquidity. To date, the company has generated more than $6 million in revenue, illustrating the sustainability of its model compared with short-term incentive schemes. Led by CEO Essi Lagevardi, Turtle is now focusing on accelerating the rollout of its Earn infrastructure, enlarging its engineering team, and deepening multi-chain integrations. The recent capital injection lifts its total external funding to $11.7 million. These resources are intended to fuel further product development and ecosystem expansion across multiple blockchains.

Participated · Equity · Mar 2025

Axelar operates the Axelar Network, a decentralized blockchain interoperability platform and open stack that enables permissionless cross‑chain tooling through its Mobius Development Stack (MDS). The Axelar Foundation, a nonprofit supporting adoption of the network, disclosed strategic investments into the AXL token that exceeded $30M. The AXL token provides protocol‑level utility and is accumulated in reward pools to incentivize Verifiers as new blockchain connections scale interop demand. A portion of the new investments were purchases of unlocked AXL tokens from the Foundation’s ecosystem allocation; those tokens are now subject to lockups ranging from six to 12 months, while the exact amount sold was not disclosed. Axelar counts adopters including Uniswap, Microsoft and dozens of natively multichain startups with a combined total value locked (TVL) above $1 billion. The platform emphasizes an open, scalable, and secure cross‑chain layer for developers. Axelar is a decentralized network that connects users, assets and decentralized applications across multiple blockchains. Founded by the team behind Algorand, the company is building an interoperability stack and developer tools to enable cross-chain composability and liquidity. The phased mainnet launch began last month, and Axelar has started onboarding validators and wallet integrations. Planned product work includes a beta of Satellite, a dapp for transferring assets between chains such as Ethereum and Terra, and an SDK for developers to build on the Axelar network. Axelar already has live integrations with Polygon, Polkadot, Cosmos and Pangolin Exchange. Financially, the company recently raised $35 million in a Series B at a $1 billion valuation, following a $25 million Series A led by Polychain Capital last summer. Axelar operates a decentralized interoperability protocol suite, tools, and APIs designed to enable cross-chain communication and asset transfer. The Axelar Network is currently live in testnet and has early adopters including Polygon, Polkadot, Terra, Avalanche, Pangolin Exchange, and Keplr Wallet. The protocol aims to let developers build on any blockchain while leveraging global cross-chain liquidity and composability. Axelar says the latest funding will be used to grow the core team and support ecosystem development. Leadership emphasizes the goal of increasing liquidity and secure cross-chain asset transfer to expand user reach. The company positions itself as a universal framework for decentralized interoperability across blockchain networks. Axelar is a decentralized protocol that enables developers to build on any blockchain using global cross-chain liquidity and composability. Designed by the founding members of the Algorand blockchain, Axelar aims to provide interoperability across chains. The company raised $25 million in a Series A round led by Polychain Capital, with participation from Dragonfly Capital, Galaxy Digital, North Island Ventures, Robot Ventures, Collab+Currency, Cygni Capital, Lemniscap, Divergence Ventures and others. Proceeds will be used to support the network’s integrations and to add engineering resources. The network is currently in testnet with Polkadot, Terra and Avalanche. When live, Polkadot users will be able to move assets from external chains via the Moonbeam smart contract platform, and Avalanche users will be able to access assets on Bitcoin, Ethereum and other chains connected to Axelar. Axelar is a decentralized protocol designed by the founding members of the Algorand blockchain to enable cross-blockchain communication for decentralized applications. The protocol acts as a communications bridge connecting blockchain ecosystems that speak different languages, offering a universal protocol and API so developers can avoid rewriting dapps for each network. Axelar plans to use the seed funding to accelerate its roadmap and scale cross-chain communication, according to CEO Sergey Gorbunov. The company said the $3.75M seed will go toward developing the network's technology, tools and API solutions, and recruiting engineers to design underlying protocols. Investors in the round include Binance X (the investment arm and accelerator of Binance), San Francisco-based DCVC, Lemniscap, Divergence Ventures, Waikit Lau and Naval Ravikant. The fundraising gives Axelar early-stage capital to advance its cross-chain infrastructure and developer tooling.

Participated · Series A · Dec 2024

Plume builds full-stack infrastructure that enables a wide variety of real-world assets—ranging from financial instruments to carbon credits and collectibles—to be issued as on-chain tokens. The platform is designed so holders can not only possess tokenized versions of these assets but also deploy them in common DeFi activities such as lending, borrowing, swapping and speculation. Plume’s testnet already supports more than 18 million user crypto wallets and over 200 integrated protocols, demonstrating early traction within the developer and user community. The company is currently focused on expanding this infrastructure to make alternative assets more liquid and programmable. A recent seven-figure investment from funds managed by Apollo Global Management will be used to fast-track Plume’s full-stack buildout and widen access to its ecosystem. By partnering with a major institutional investor, Plume aims to position itself at the center of the growing market for tokenized assets, which Boston Consulting Group and Ripple project could reach $18.9 trillion by 2033.

Participated · Equity · Oct 2024

Solv Protocol operates a bitcoin staking and structured-product platform designed to help institutions gain exposure to BTC through its Bitcoin Reserve Offering (BRO). The BRO blends features of traditional convertible bonds with crypto-native mechanics, letting investors hold a tokenized claim on bitcoin that Solv actively deploys into yield-generating strategies. Funds placed in the reserve are staked into liquid-staking tokens and allocated across decentralized finance (DeFi) protocols, real-world-asset pools and other institutional finance products, aiming to keep the reserve productive rather than idle. Inspired by MicroStrategy’s large BTC treasury, Solv positions BRO as an “on-chain MicroStrategy” model that removes the burden of direct bitcoin custody for institutional allocators. The company’s current plan is to grow this reserve to $100 million in BTC. With its recent $10 million raise, Solv begins seeding that target while demonstrating early institutional interest in its structure. No specific operating metrics such as revenue or user counts were disclosed in the article.