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.

Participated · Seed · Apr 2024

Raiinmaker is described in the coverage as a Web3 artificial intelligence company. The company completed a $7.5 million seed financing, as reported by Foresight News citing The Block. The seed round was co-led by Jump Capital and Cypher Capital. Other investors named in the articles include Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, GDA Capital and Alpha Sigma Capital. The published coverage centers on the fundraising and investor participation. The articles do not provide further detail on product specifics, roadmap, operating metrics, founding year, location, or prior financings.

Participated · Seed · Dec 2023

Hivello is an Amsterdam-based DePIN aggregator focused on making DePINs more accessible. Its platform allows users to contribute computing resources and earn through various Web3 protocols. The company aims to remove technical complexity from decentralized networks so non-technical users can participate in Web3 projects. Hivello plans to use recent funding to further innovate and simplify DePIN nodes and make them more user-friendly. The report describes the transaction as a strategic investment but does not disclose financial terms. Hivello is a Toronto-based blockchain payment solution provider dedicated to transforming accessibility of decentralized services globally. It operates in the Decentralized Physical Infrastructure Networks (DePIN) sector and aims to democratize access to decentralized infrastructure. The company provides a blockchain payment solution to facilitate access to decentralized services. Recently Hivello raised an additional USD $1.5M, bringing the total amount raised during the last month to USD $2.5M. The company intends to expand its technological capabilities, expedite product development, and strengthen its market position as a leader in DePIN services. Hivello is led by Chairman Domenic Carosa, and investors include Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, Candaq, NGC, Blockchain Founders Fund, and IDG. Hivello advances decentralized physical infrastructure networks (DePIN) to transform accessibility of decentralized services globally. The company is led by Domenic Carosa and Andrew Smith and is based in Amsterdam and London. Hivello plans to launch its technology this Christmas and expects to integrate up to 100 DePINs over the next 12 months. It raised USD $1M in a Pre-Seed funding round to support those efforts. The capital will be used to expand operations and development work. The company’s core product centers on leveraging DePIN to broaden availability of decentralized services worldwide.

Participated · Seed · Mar 2023

Mystic Games is a blockchain gaming development studio building Web3-integrated mobile games and allowing players to earn free-to-own NFTs organically through gameplay. The studio is developing an upcoming mobile title called Call of the VoYd. It currently operates with a team of six whose members have worked at Miniclip, Voodoo, Rovio, and King. CEO and co-founder Matthew Buxton previously served as a game design director and senior game designer at Rovio and King. The company says it aims to deliver accessible experiences for native and new Web3 players and to democratise digital ownership. Mystic plans to use its recent funding to grow the team and continue development on Call of the VoYd.

Participated · Seed · Sep 2022

DEX Krypton is a remote DEX led by CEO Michael Nowotny that aims to improve trade execution for crypto traders using a continuous batch auction mechanism for price discovery. The auction design is intended to reduce slippage and provide protection against Maximal Extractable Value (MEV) and impermanent loss, which the article cites as having cost traders over $650 million since 2020. Krypton leverages Chainlink’s Decentralized Oracle Network (DON) for significant off‑chain computational power via its “Krypton Compute” mechanism, moving complex computations off‑chain to lower costs for traders and create fee opportunities for Chainlink node operators. The company also plans to advance DeFi trading as a partner protocol on Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) to enable faster, more efficient cross‑chain transactions. Financially, Krypton raised $7M in Seed funding and intends to use the proceeds to launch its exchange in Q1 of 2023 and to invest in engineering, research, marketing, and community development.