North Island Ventures
200 Park Avenue South, Suite 1700, New York, NY, 10003, United States
Overview
North Island Ventures is a cryptocurrency investment company. The company believes that the emergence of new enabling technologies creates the best technology investment opportunities. Enabling technologies are innovation platforms; they provide a set of new capabilities that entrepreneurs can use and combine to create applications and experiences that did not previously exist.
- Total investments
- 40
- Lead investments
- 17
- Investments · 12mo
- 5
- Active investors
- 4
Sector focus
- Blockchain
- Cryptocurrency
- Enterprise Software
- FinTech
Investment portfolio
- GenLayer
Led · Seed · Jul 2026
GenLayer is presented as a blockchain project that aims to build an ecosystem for builders and creators. Public commentary around the project emphasizes community engagement and rewards for contributors ahead of an anticipated mainnet launch. The company has attracted early investor interest, as evidenced by its $7.5M Seed round. Available reporting does not include founding year, location, revenue, user counts, or other operating metrics. The narrative from supporters highlights ongoing content and community activity as the project progresses toward mainnet. Beyond these community signals and the Seed raise, no additional product roadmaps or financial details were disclosed in the articles.
- Venice
Participated · Series A · Jul 2026
Venice offers access to more than 200 AI models—both hosted open-source models in its own data centers and routed closed-source models—while emphasizing user privacy through client-side encryption, external proxy routing, and optional end-to-end encryption for subscribers. Two years after launch the company reports over 3 million active users, more than 850,000 unique website visitors, and roughly 1.7 million API calls per day. Venice runs an “uncensored” experience with customizable AI characters and supports text, image, audio, and video generation, and it has issued two crypto tokens, VVV and DIEM, with about 8% of users paying with crypto. The company is already profitable with annualized run-rate revenues above $70 million. Management plans to use new funding to acquire GPUs and build its own data centers to cease GPU leasing and improve gross margins.
- MNX
Participated · Seed · Jun 2026
MNX builds a decentralized exchange offering futures, perpetuals and prediction markets tied to AI-related assets, including valuation futures, equity perpetuals focused on AI companies, and compute perpetuals using indices from SemiAnalysis. The platform uses 200-millisecond batch auctions enabled by MegaETH’s sub-millisecond block times to reduce latency arms races and MEV, and plans to offer leverage where appropriate. MNX targets trading and hedging across the AI value chain—compute, electricity, benchmarks, commodities, public equities and private lab valuations—and aims to attract tech workers, retail traders and crypto users using tokenized real-world assets. The company launched in the prior fall and is co-founded by Stephen Grugett and Ian Philips, with Philips stepping away from Manifold Markets; MNX is currently in private beta and intends to launch on mainnet later this summer. The team today consists of the co-founders and several part-time non-technical contractors and plans to hire three to six full-time employees to scale operations.
- Squid
Led · Equity · May 2026
Squid operates a connected multi-chain platform that reaches ecosystems without contracts, including Bitcoin and XRPL, and supports more than 100 networks. Its execution layer, Squid Intents, routes cross-chain transactions to market makers for fulfillment and settles them using Trusted Execution Environments (TEEs) rather than deploying contracts on every chain. The platform supports over 20,000 tokens across major ecosystems and has facilitated more than $6B in lifetime volume since its January 2023 launch. Squid plans to use the new funding to accelerate expansion into consumer products. The company is headquartered in Zug, Switzerland.
- Midas
Participated · Series A · Mar 2026
Midas enables asset managers to convert institutional-grade investment strategies into regulatory-compliant tokens that offer transparency, liquidity, and composability across decentralized finance protocols. The company has developed Midas Staked Liquidity (MSL) to deploy dedicated staked liquidity that enables instant redemptions without affecting underlying yield or composability. Midas integrates with DeFi protocols such as Morpho and Pendle and provides technical documentation and live products through its platform. The company plans to expand into a broader range of institutional asset classes and deepen ecosystem integrations. Its recent funding round and prior seed raise have increased available capital to support continued product development and partnerships.