Participated · Equity · Feb 2022

Multis has shifted from a neobank concept to a software-first product that layers on top of organizational wallets to manage crypto finances. Its core product integrates with Gnosis Safe, can create Safes for customers, and lets teams centralize on-chain assets and external public keys for unified treasury and cashflow analytics. Multis includes accounting features—transaction categorization, notes, attachments, and CSV exports—with QuickBooks integration planned. The platform supports payments workflows including mass payouts to up to 60 Ethereum addresses, approval alerts, and an address book for payroll. Multis plans U.S. banking features such as USD checking accounts and corporate debit cards (targeted for Q2 2022) and offers a crypto-to-USD brokerage via partners, including an FDIC‑insured bank relationship. The product roadmap calls for deeper integrations across accounting, HR, DeFi protocols, invoicing, and other financial workflows for DAOs and web3 companies. Multis provides a SaaS business bank account that lets companies store, send and receive cryptocurrencies through a team-focused interface. The product is built around a multisignature Ethereum wallet, enabling permissions, approval workflows and limits while Multis does not control the keys. It supports Ethereum-based ERC20 tokens and stablecoins (USDC, DAI), allows on-platform token swaps, and can export transactions for tax and accounting. Multis also exposes DeFi integrations to earn interest (it uses Compound for that feature). Its customers are mostly blockchain companies generating revenue in crypto or paying contractors and employees in stablecoins. The company plans to add EUR and USD accounts with cards and IBANs to act as a bridge between fiat and crypto and has raised a $2.2 million seed round.

Participated · Seed · May 2021

Opolis is a member-owned digital employment platform that uses blockchain and web3 technology to provide employment infrastructure for independent workers. The platform supplies tools to professionalize independent businesses, including payroll, benefits management, and shared services such as unemployment, disability, and tax compliance. Opolis positions itself to democratize access to career development and next-generation employment services regardless of geography. The company plans to scale its business and deliver a more frictionless user experience, with a roadmap prioritizing improved access to accounting data, tax reporting details, and health insurance information. Leadership includes Executive Steward and founder John Paller, who has roughly 20 years of experience in HR technology and founded ETHDenver. Opolis has raised capital to support growth and is headquartered in Denver. Opolis operates the Opolis Employment Commons, a digital employment cooperative that provides payroll, benefits and shared services to independent workers. The Independent Worker Coalition grew to more than 2,500 global members across 63 countries shortly after launching in April 2021. The Commons uses token-based incentives: it runs $WORK reward programs, referral and sign-up bonuses, and a member dashboard that supports staking to earn additional $WORK. Opolis emphasizes a community-led Web3 funding model and completed a Series Seed II round combining equity and grants to support its infrastructure. The funding involved DAOs, DeFi projects, investment syndicates, and HR-tech and blockchain industry investors from around the world. The company aims to reshape how independent workers relate to employment by aligning community stakeholders and ecosystem participants.

Participated · Equity · Apr 2021

ConsenSys develops core Ethereum infrastructure and consumer products, most notably the MetaMask wallet and the Infura developer platform, alongside Truffle, PegaSys and Codefi. Its products serve both developers and end users across the Ethereum ecosystem; MetaMask has over 30 million monthly active users and Infura reports 430,000 developers, with its API supporting over $1 trillion in annualized on‑chain ETH transaction volume. The company reported “nine figures” in revenue in 2021. ConsenSys plans to use new funding to grow its team from about 700 to roughly 1,000 by year‑end and to expand product capabilities, including a plug‑in extensibility system to integrate other protocols and pursue multi‑chain scalability. The firm completed a 2020 reorganization that moved assets from ConsenSys Mesh into ConsenSys Software Inc. and was founded in 2014. That asset transfer is the subject of shareholder allegations alleging improper shifts of assets and a group is pushing for an independent audit in Switzerland; ConsenSys Mesh says it expects any audit to confirm fair market value. ConsenSys builds Web3 infrastructure and developer tools, anchored by MetaMask (a self-custodial wallet) and Infura (developer node and API services). MetaMask serves approximately 21 million monthly active users who interact with roughly 3,700 unique Web3 applications, and its in-app swap feature has enabled more than $10 billion in token swaps. Infura is used by about 350,000 developers, and ConsenSys integrates other products (Truffle, Diligence, Customer Success) to support the full development lifecycle. The company supports many Ethereum-compatible Layer 2 networks, and MetaMask Institutional offers custody and compliance solutions for organizations accessing DeFi. ConsenSys Quorum Blockchain Service is used in 10 central bank digital currency projects worldwide. The firm says funding will expand MetaMask and Infura and add 400 new roles across products and services. ConsenSys’ engineering teams are also contributing to Ethereum’s upcoming merge to Proof of Stake. ConsenSys develops a suite of Ethereum products and developer tools including Codefi, Diligence, Infura, MetaMask, Truffle and Quorum. The company serves public and private permissioned networks, supports Layer 2 solutions and provides access to adjacent protocols such as IPFS and Filecoin. It restructured into two arms — ConsenSys (the core software business) and ConsenSys Mesh (the investment arm and incubator) — and acquired J.P. Morgan’s Quorum to deepen its enterprise offering. ConsenSys is a major contributor to Ethereum 2.0 and its Protocols group is building CBDCs for six central banks. Product usage metrics cited in the articles include MetaMask with more than 3 million monthly active users (a roughly 3x increase in five to six months), $1.8 billion in decentralized exchange swap volume (ConsenSys takes a 0.875% cut on swaps), Infura with over 150,000 developer users, and Truffle used by 4.5 million developers. ConsenSys develops blockchain solutions built on the Ethereum blockchain for a range of users, from local communities to global enterprises. The company provides enterprise and community-facing blockchain tools and services. The article reports a $10 million investment from SK Group. ConsenSys' technology focus and partnerships position it to support mobile identity and other enterprise blockchain use cases. No operating metrics (revenue or user counts) are provided in the article.

Participated · Equity · Feb 2019

Coindirect raised €1m in a funding round led by Concentric, with participation from Blockchain.com and MakerDAO. The company described the raise simply as “€1m funding”; the article does not specify whether the instrument was equity, debt, or another form. It intends to use the funds to expand across Africa and Europe and to support forthcoming partnerships with Blockchain.com, MakerDAO and others. Coindirect is based in Douglas, Isle of Man. Founded by Donald Jackson, Jesse Hemson-Struthers, Nicholas Haralambous and Stephen Young, the platform enables customers to trade cryptocurrencies such as Bitcoin and Ethereum using their local currency on mobile or desktop. The company supports over 40 different cryptocurrencies—the largest offering in Africa—and has acquired 40,000 registered users in the South African market.