Participated · Equity · May 2024

Gamic is developing a community application that runs the rails to Web3, aiming to help digital communities connect, engage and transact. The company says its platform has seen tremendous growth in users, communities and transactions. Its stated vision is to transform digital communities into vibrant economic networks and to provide tools for broader decentralized, user‑empowered participation. Gamic is backed and incubated by Binance Labs, with Fundamental Labs serving as its development partner. The startup has raised $1.8 million across multiple rounds to fund product development and expansion. It is currently working toward launching Gamic V3 and plans to collaborate closely with partners and investors to execute its roadmap.

Participated · Seed · May 2024

EYWA provides a consensus bridge service that secures transactions across multiple protocols by aggregating a consensus of existing bridges. In conjunction with Curve, the company created CrossCurve, which connects more than $2 billion of liquidity from different blockchains into a unified cross-chain market. CrossCurve facilitates low-slippage cross-chain swaps of various asset types, including stablecoins, liquidity-provider tokens, and liquid staking tokens, leveraging Curve’s deep liquidity. EYWA raised $7M in Seed funding and intends to use the proceeds to expand operations and accelerate development efforts. The product focus is on cross-chain interoperability and secure transfer of multiple token types.

Participated · Seed · Apr 2023

MetaGravity is building the distributed compute infrastructure to support metaverse gaming and virtual world simulations. The platform is designed to offer unlimited scale and support more than 1 million+ concurrent users (CCUs) plus associated AI and interactive objects. MetaGravity says it will deliver sustainable unit costs, achieving cloud compute costs per user as low as 1% of currently available technologies. The infrastructure will integrate into any game engine and cloud platform. The company intends to use the $9.5M Seed proceeds to bolster its engineering and product teams to build the infrastructure layer for metaverse experiences. MetaGravity is co‑founded by CEO Rashid Mansoor and CBO Tobin Ireland and is based in London, UK.

Participated · Seed · Apr 2023

Natix Network is a Hamburg-based decentralised, blockchain-based crowdsourced camera network that creates real-time maps of the world. The company is building a Decentralised Physical Infrastructure Network (DePIN) of cameras that uses Natix’s AI technology to map cities while ensuring that no private data is collected. It plans to launch its first mobile app, Drive&, a drive-to-earn mobile app that collects geospatial data via a dashboard-mounted camera. Drive&’s AI extracts data such as traffic volume, traffic signs, potholes and faded road markings for use by local governments and mobility companies. The seed funding will be used to launch Drive&, build the team, and further develop the network. Natix positions its mobile-first, crowdsourced approach as a privacy-focused, lower-cost way for citizens to help improve city infrastructure.

Participated · Seed · Jun 2022

peaq is a Web3 DePIN platform building modular DePIN functions for decentralized physical infrastructure networks. Its product roadmap includes Modular DePIN Functions such as peaq ID for self-sovereign machine identities and peaq pay for peer-to-peer payments. The company raised $20 million via a token launch on CoinList, the largest CoinList launch in over two years. The offering was oversubscribed—more than 14,500 community members contributed over $36 million in total—and coincided with 20%+ growth across peaq’s ecosystem. peaq plans to use the funds to bolster ecosystem growth, support community-facing programs, and accelerate development of its Modular DePIN Functions ahead of its mainnet launch. CoinList is finalizing token allocations and will provide token generation event details closer to mainnet. peaq builds a web3 network that hosts decentralized physical infrastructure networks (DePINs) — token-incentivized dapps that crowdsource and operate connected real-world infrastructure. It currently hosts 20 DePINs, including Silencio (an app for measuring noise pollution with smartphones) and ELOOP (a Tesla car-sharing fleet). After years of R&D, the company is preparing for a network launch. peaq raised $15M to strengthen its network and ecosystem. The funding will be directed to an Ecosystem Grant Program and to further development of backend functions and a Software Development Kit to help teams build and deploy projects faster. The project aims to shift ownership of mobility, internet and energy infrastructure from corporate to community-owned models. Peaq offers decentralized infrastructure and developer tools for building and monetizing decentralized applications (dapps) for machines, vehicles and devices. The network enables dapps for use cases such as bike and car sharing, electric-vehicle charging and peer-to-peer energy trading. Peaq is built on Substrate and is pursuing a Polkadot parachain to enable cross-chain interoperability and enhanced security. The project plans to introduce machine DeFi, machine NFTs and self-sovereign machine identities so machines can act as sovereign economic actors. Peaq raised $6 million in seed funding to expand its development team and support new product and feature launches. A portion of the funds will also be used to increase awareness ahead of its bid for the Polkadot parachain. Co-founder Till Wendler described the buildout as necessary to prepare for wider Web3 adoption and increased reliance on AI. peaq is a blockchain infrastructure and solution development company founded in 2017 that aims to transform the internet of things into the “economy of things.” The company offers peaq enterprise, focused on blockchain solutions for businesses, and the newly announced peaq network for a public network and token ecosystem. peaq says its enterprise product will use recent funding to expand customer deployments while peaq network funding will support the public network and a planned token offering. Customers include Fortune 100 company NTT and a large German automotive group, which the company cites as validation of its technology. CEO Till Wendler said the team delayed launching a public network to create real-world value for businesses first and will share more information as the peaq network funding round finalises. The firm intends to use the capital to diversify its blockchain solution across enterprise and public network efforts. Led by CEO Till Wendler, peaq develops neutral innovation and transaction infrastructure for decentralized IoT applications and has built its own blockchain infrastructure called DAGchain. A 16-member team researched and developed the technology in Berlin over a three-year period. DAGchain combines blockchain and DAG technology to enable high performance, high security and decentralized operation without high energy consumption. The platform supports conventional programming languages and complies with data protection requirements. In 2020 the company reported revenue of €600k. peaq intends to use the funding to launch a full-scale blockchain platform for the automotive industry and plans to replicate the platform across telecommunications and compliance industries.