Participated · Series A · Aug 2024

Founded by MIT and Stanford dropouts and married couple Michael Gao and Tina Ju, Fabric Cryptography has built a custom RISC‑V‑based chip—called a verifiable processing unit (VPU)—optimized to run zero‑knowledge proof algorithms and fully homomorphic encryption. The company’s first‑generation VPU will focus on zero‑knowledge proofs to address immediate demand in the blockchain space while targeting broader enterprise adoption over time. Fabric argues existing hardware is too slow for pervasive cryptography, and its chips aim to make advanced cryptographic techniques practical and ubiquitous. The startup is about to tape out its first chips and says it has received “tens of millions of dollars in preorders.” Fabric plans to use new funding to develop the next generation of chips and to scale its software and cryptography teams. Long‑term goals include placing chips in enterprise data centers and potentially selling into hyperscale clouds.

Participated · Equity · May 2024

TRALA LAB operates as a gaming platform provider focused on building a long-term sustainable gaming ecosystem. The company plans to onboard a series of AAA-level global game IPs on zkSync. TRALA emphasizes platform sustainability and broader game IP integration as core priorities. The announcement highlights a recent strategic financing that will support its platform development and IP onboarding plans. No operating metrics or revenue figures were disclosed in the article.

Participated · Equity · Apr 2024

Tevaera is a Web3 gaming ecosystem built on zkStack. The company completed a $5 million financing led by Laser Digital, the digital-assets arm of Nomura Securities. Named investors include HashKey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto.com Capital, Cogitent Ventures, Selini Capital, DWF Labs, Morningstar Ventures, DCF God, Momentum6, GBV Capital, Mapleblock Capital, GD10 Capital, Aquanow, Coinswitc, and others. Tevaera announced plans to launch two new games on zkSync. It also intends to launch the first decentralized Layer 3 (L3) gaming chain.

Led · Seed · Feb 2024

Clave is developing a non-custodial wallet that leverages a hardware-level secure element to deliver an end-to-end financial experience. The company’s leading account abstraction technology removes the need for mnemonics, addressing issues caused by users forgetting seed phrases. Clave’s approach aims to combine strong on-device security with simplified key management for users. The product focuses on eliminating mnemonic dependency while enabling fuller financial functionality. Recently, Clave completed a financing round that will support continued product development and growth.

Participated · Seed · Feb 2024

Inco develops a confidentiality layer and confidential compute protocol for existing blockchains. Its first product, Inco Lightning, is designed to provide confidentiality to any on‑chain application while preserving performance for real‑time gaming, high‑frequency DeFi and private transactions. The protocol leverages verifiable compute within a trusted execution environment (TEE) to deliver confidentiality without sacrificing speed. Inco aims to support multiple L1 and L2 blockchains, starting with Ethereum and Base, before expanding to other ecosystems. The company is led by its CEO and intends to use newly raised funds to expand operations and development efforts. The article does not report operating metrics or prior financings. Inco builds a universal confidentiality layer that combines the Ethereum Virtual Machine (EVM) with Fully Homomorphic Encryption (FHE) to allow programs to compute on encrypted data without decryption. The team launched the Gentry testnet to address Web3 confidentiality challenges and to provide native on-chain confidentiality and randomness. Their approach is secured by Ethereum via EigenLayer and avoids TEEs, circuits, or central off-chain coordination. Inco is modular and interoperable with other blockchains using externally validated bridges such as Hyperlane and natively verified IBC. The protocol enables familiar EVM operations (addition, division, comparisons) on encrypted data, unlocking use cases across gaming, DeFi (dark pools, private lending, blind auctions), and enterprise solutions like confidential stablecoins, private RWAs, and private voting. Inco has a strategic partnership with FHE research company Zama and advisors that include Sandeep Nailwal and Anand Iyer. The company recently completed a $4.5 million Seed round led by 1kx.