Participated · Seed · Aug 2026

Dow Protocol develops infrastructure to tokenize real-world assets and bring traditional assets onto blockchain networks. The company aims to enable tokenized representations of assets such as real estate, commodities, and private credit for on-chain trading and liquidity. Specific technical differentiators and product details have not been publicly disclosed, and no launch timeline was provided in the reporting. Dow faces competition from established RWA platforms including Ondo Finance, Centrifuge, and Maple Finance. The firm recently bolstered its balance sheet with a $9 million seed round backed by a diverse group of investors, suggesting market validation but early-stage status. Regulatory uncertainty around securities classification and cross-border compliance in the RWA sector is noted as a material consideration for the company’s development and adoption.

Participated · Seed · Aug 2026

Vangrid develops a decentralised spatial intelligence network that activates cameras and sensors on smartphones to generate continuously updated, verified spatial data. The platform emphasizes privacy-first capture with on-device blurring of faces and license plates and onchain verification for provenance before data reaches its enterprise spatial API. Vangrid positions itself between legacy fleet-based mapping and unverified open crowdsourcing by compensating contributors and providing enterprise-grade, provenance-tracked data. Its target customers include robotics, autonomous systems, and defence organisations, and the company has signed MOUs with strategic data partners while reporting live transactions on the platform. Vangrid raised $9 million in seed funding to bootstrap network density, expand its edge-computation pipeline, and deepen enterprise partnerships.

Participated · Equity · Apr 2026

Cluster Protocol develops Web3 infrastructure and an AI-driven, browser-native EVM development environment called CodeXero that translates natural-language requirements into smart contracts, DeFi logic, and token economic models. CodeXero runs on Cluster’s self-developed decentralized computing power and an AI engine trained on over 200 audited contract paradigms. The company reports that CodeXero has connected to over 300,000 wallets, processed more than 3 billion AI token calls, and deployed over 25,000 dApps. Following the $5 million raise led by DAO5, Cluster’s total funding stands at $7.75 million. Cluster plans to use the new capital to accelerate CodeXero’s development, expand its engineering team, strengthen AI workflows, and grow ecosystem partnerships.

Participated · Seed · Jan 2025

Rena Labs is building the first TEE (Trusted Execution Environment) abstraction middleware to enable verifiable on-chain AI and support secure, privacy-preserving AI apps. Its core product, branded TrustEE, provides an abstraction stack intended to make AI systems auditable and trustless for developers and end users. Targeted high-impact applications include a Market-Making Integrity Dashboard, Private Order Execution for DEXs, fully autonomous AI agents for on-chain gaming, and private data sales in DePIN. The company says its initiatives span multimodal LLMs, autonomous agents, DeFi protocols, and social and gaming applications. Rena Labs plans to use newly raised capital to accelerate TrustEE development, expand its team with top developers and experts, and foster user education and community engagement. Its core team includes Princeton and MIT PhDs. Financially, the company closed a $3.3 million pre-seed round to fund these efforts.

Participated · Series A · Nov 2024

Folks Finance is a remote DeFi hub that lets users lend, borrow, trade and manage digital assets across multiple blockchains. Its core product is the xChain app, which enables cross-network lending, borrowing and trading across Avalanche, Base, Ethereum, Arbitrum and BNB Chain. The company plans to accelerate crosschain expansion of xChain and integrate many more networks in the near future. Since its 2022 mainnet launch Folks powers over 15,000 active wallets monthly and is the largest DeFi app on Algorand, with an all-time high TVL of $220 million. Led by CEO Benedetto Biondi, Folks has raised $6.2M in total funding to date, including the new Series A at a $75M valuation. Folks Finance provides a borrowing and lending protocol built on top of the Algorand blockchain. Users can deposit liquidity to earn continuous economic returns and request crypto loans by locking deposited funds as collateral. The company completed a protocol design review and is currently in the smart contract security verification phase. It plans an official launch on the Algorand TestNet early this year and will release Folksy Guys, an NFT collection for the Folks Finance community. The team will publish a research paper on the protocol economic model soon and is working to establish milestones for version 2.0. Folks Finance is the result of research and engineering by Blockchain Italia and is led by CEO Benedetto Biondi. The company raised $3M in Seed funding to expand operations and accelerate growth.