Participated · Seed · Jun 2022

Neomoon is a digital bank operating in US dollars and built on a stablecoin, aimed at providing Latin Americans tools to protect their money from devaluation and facilitate day-to-day transactions. The company launched its market entry in April of the reported year and is led by founder and CEO Fedor Saldivia. Neomoon has grown organically and through community engagement tied to Saldivia’s social following, averaging about 570 new daily users and surpassing 50,000 registered users. It plans to use newly raised funds to scale its solutions in the coming months. The product focus is on dollar-denominated accounts and payment capabilities for users across Latin America. The company is based in Miami, FL.

Participated · Seed · Jan 2022

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.

Participated · Seed · Jan 2022

Venue One is building a non-custodial, decentralised, fast and global predictions protocol on the Algorand blockchain. The team says its core tech stack and smart contracts were finished in October 2021 and smart contracts were audited in November 2021. They have developed Algorand-specific infrastructure in-house, including oracles and a blockchain indexer, and resolved third-party password-less onboarding integration. Venue One completed seed and private financing rounds by December 2021 and reports those rounds were oversubscribed. Upcoming milestones include a testnet launch (Feb 22), mainnet launch, community AMAs, $VENO airdrops for community and early supporters, a strategic & community round, and a TGE/IDO/token listing. The team plans UI and roadmap updates and emphasizes long‑term focus on the Algorand ecosystem.