Participated · Equity · Jul 2026

THEA is developing Thea Network, a programmable settlement system designed to coordinate requests, payments and verification for AI services across applications and agents. The network architecture combines partitioned off-chain computation for scalability with anchoring on Solana and zero-knowledge proofs to provide on-chain integrity and verifiable settlement. THEA intends to enable programmatic payment channels and tokenization to reduce operational complexity for machine-to-machine payments and distributed business models. The company plans to connect specialized AI models, people and agents through infrastructure for request settlement and service payment. Financially, THEA has just raised $8 million in strategic funding to advance its infrastructure; the company has stated it currently does not have a token and has not announced any ICO.

Participated · Equity · Apr 2025

Theo issues tokenized gold and money-market products, including thGOLD (introduced in January) and thBIll (a tokenized money-market fund launched last July). The company plans to launch thUSD, a stablecoin designed to maintain dollar parity via reserves of thGOLD and by shorting gold futures to capture cash-and-carry spreads. thGOLD is backed by secured lending agreements with gold retailers such as Mustafa Gold, allowing retailers to hedge and continue manufacturing while reducing price exposure. Theo expects thUSD’s yield to come from both the underlying thGOLD yields and returns from short futures positions executed on venues like the CME and crypto-native platforms including Hyperliquid and Binance; its CIO estimated potential annualized yields around 10% in favorable conditions. Theo says thUSD will be compatible with DeFi lending protocols such as Morpho, but initial access requires investor registration and whitelisting. The company previously raised $20 million last year and used capital to bring Wall Street-style trading strategies to retail on-chain investors.

Led · Seed · Mar 2025

Aura operates the first fully decentralized, on-chain AI model ecosystem centered on model discoverability, engagement, and open innovation. Its platform offers a marketplace with real-time analytics and AI-driven recommendations, built-in validation tools that measure performance, fairness, and robustness, and on-chain competitions that showcase models in live challenges. The company also enables model-to-model collaboration and community evaluation, promoting collective intelligence across Web3. Strategic partnerships with OKX, Virtual Protocol, ElizaOS, GOAT, and others expand its reach and event footprint. Aura is headquartered in New York and has just secured $5.5 million in seed financing to accelerate its product roadmap and prepare the next phase of development. By supplying cryptographic validation, verifiable model integrity, and new monetization channels, Aura aims to capitalize on the projected $1.4 trillion global AI market.

Participated · Seed · Oct 2024

Founded in 2024, Plasma focuses on infrastructure for stablecoins and initially worked on stablecoin yield strategies and cross‑chain bridging solutions. The company is developing a Bitcoin‑secured sidechain using an Reth‑based EVM and a proprietary PlasmaBFT consensus mechanism to deliver sub‑second finality and high throughput. Core capabilities highlighted include zero‑fee USDT support, intents‑based bridging for interoperability, and security anchored in Bitcoin proof‑of‑work. Plasma’s testnet went live in late 2025 and the team targets mainnet upgrades in Q2 2026 to enable scalable issuance and transfers. The platform positions itself to handle very large on‑chain stablecoin value and has announced partnerships, such as with NEAR Protocol, to address payments, remittances, and merchant settlement use cases. The recent $24 million funding round provides the capital to accelerate product development and broader ecosystem integration.

Participated · Equity · Aug 2024

Orderly Network is a remote developer of a permissionless liquidity layer for Web3 trading led by Ran Yi. Built on omnichain infrastructure, it enables deep liquidity for any asset across multiple blockchains and avoids the risks of wrapped asset movement through cross-chain bridging. The platform empowers developers to create a comprehensive array of financial products for traders of any level. It currently supports six chains: Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle. Orderly recently raised over $5M and says it will use the funds to bolster its capabilities and continue its innovation and growth trajectory. During its seed round the company secured $20M from institutional investors including Pantera, Sequoia China, Laser Digital, Dragonfly, and Jump. Orderly Network is a permissionless, decentralized exchange protocol and modular ecosystem built on NEAR, using an on-chain order book. Its platform includes a risk engine, matching engine, and shared asset pools designed for composability so dApps can build on top. The protocol supports financial instruments such as spot trading, margin trading, perpetual swaps, lending, and borrowing. Founded in April 2022 and incubated by NEAR and WOO Network, Orderly focuses on enabling modular dApps to utilize its on-chain order-book architecture. The company plans to use recent funding to recruit across key functions, develop and enhance products, grow the Orderly ecosystem, and establish partnerships. To enhance liquidity, Orderly will launch community lending pools allowing token holders to lend assets to market makers with single-sided liquidity provision and sustainable yields.