The Venture Codex Logo

The Venture Codex

NxGen

Al Tawhidi 2, 58 Sheikh Sabah Al Ahmad Al Jaber Al Sabah street, 7 Floor, Office 704, Dubai, United Arab Emirates

Overview

NxGen works with founders, VC investors and DAOs to build the third generation of the internet.

Total investments
18
Lead investments
1
Investments · 12mo
1
Active investors
1

Sector focus

  • Blockchain
  • Cryptocurrency
  • Information Technology
  • Venture Capital
Visit website

Investment portfolio

  • Beldex

    Participated · Equity · Aug 2026

    Beldex is a Layer 1 blockchain built around mandatory privacy features such as stealth addresses and RingCT (Ring Confidential Transactions) to hide recipient addresses and transaction amounts. It offers a suite of decentralized private applications, including BChat for messaging and BelNet for browsing. The network transitioned to a Proof-of-Stake architecture secured by 10,000 BDX masternodes, which the project cites as enabling scalability and PoS-based passive income. Beldex plans to add EVM compatibility in 2027 to allow Ethereum developers to build privacy-preserving smart contracts and dApps on its chain. The recent $25M investment led by DWF Labs is earmarked to enhance its privacy technology. The project acknowledges regulatory scrutiny faced by privacy-focused networks and is building decentralized infrastructure to mitigate centralized listing risks.

  • Multipool

    Led · Equity · May 2024

    Multipool is a decentralized exchange (DEX) that facilitates trading of real‑world assets (RWAs) and cryptocurrencies via a fully decentralized on‑chain order book. The platform emphasizes fairness and equality, offering deep liquidity through dynamic bracket pools and features intended to reduce friction and market impact. Multipool highlights industry‑first FIX APIs, low‑latency networks, zero price‑impact auctions, trustless RFQs, peer‑to‑peer repo lending, and MEV bot protection. The team positions the product as a DEX with centralized-exchange appeal, aiming to deliver a trustless on‑chain order‑book experience to DeFi users. The article does not disclose operating metrics or financial performance. Multipool is pursuing broader adoption through strategic partnerships to increase liquidity and awareness in the DeFi market. Multipool is a DEX designed to enable seamless trading of RWAs and cryptocurrencies with a fully decentralized on-chain order book and deep liquidity via dynamic bracket pools. The platform emphasizes fairness and equality and incorporates features such as FIX APIs, low-latency networks, zero price-impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection. Multipool positions itself as "the DEX with CEX appeal," aiming to combine decentralization with centralized-exchange‑like performance. The team says it has secured regulatory and technical support through partnerships with industry professionals, advisers, and investors. Multipool plans to launch a liquidity bootstrapping pool (LBP) on Fjord Foundry May 21–23 to engage the crypto community and broaden participation. The company announced a recent $650k VC raise to support these product and go-to-market efforts.

  • Crestal

    Participated · Seed · May 2024

    Crestal develops tools and services to explore, evaluate, and implement performance-driven modular services aimed at supporting a decentralized future. The company positions its product set around modular components intended to improve decentralized architectures and says investor support validates market demand. Crestal announced it has completed a $2 million funding round. The round included institutional investors LIF, Cogitent Ventures, Kyros Ventures, Veris Ventures, SMAPE Capital, MH Ventures, Layer Labs, Pragma Ventures, Builder Capital, NxGen, Artemis Capital and Quotient Ventures. Several industry leaders also participated as backers, including Sandeep Nailwal, Loi Luu, Thomas France, Hassan Ahmed, Chef Icy, Heslin Kim, Andrew Vranjes and Paul Taylor. The announcement did not disclose operating metrics or the instrument type used in the raise. Crestal linked to its LinkedIn post for additional information.

  • Zeko Labs

    Participated · Seed · Apr 2024

    Zeko Labs is developing the Zeko Protocol, a cross-chain zero-knowledge scaling protocol built on Mina in partnership with o1Labs and the Mina Foundation. The protocol aims to give developers advanced zero-knowledge-proof capabilities, including recursive proof aggregation, to expand the design space for both EVM and non-EVM applications. Zeko positions its technology to enable privacy-preserving zkApps that support finance, AI, gaming, and broader internet services while improving scalability, data security, and interoperability. The company says the protocol will empower individuals with greater control over assets and identity and lower barriers to entry for developers and enterprises. Zeko plans to use newly secured capital to expand the team, accelerate product development, grow its developer community, and foster strategic partnerships across blockchain and traditional software sectors. The company recently closed a $3 million pre-seed funding round to support these efforts.

  • LightLink

    Participated · Seed · Apr 2024

    LightLink is a remote Ethereum Layer 2 focused on enabling gasless transactions and a streamlined user experience to drive mass adoption of Web3. The company offers an enterprise mode that lets businesses operate gas-free so their users can transact without fees or tokens. LightLink has integrated Celestia as a Data Availability layer and expanded its proprietary stack. It became the first Optimium L2 to be listed on L2Beat. The company is preparing for a token distribution via a Liquidity Bootstrapping Pool on Fjord Foundry. LightLink plans to leverage more than 25 strategic partnerships, including Animoca Brands. Led by CEO Roy Hui, the firm intends to use recent funding to expand its development efforts. LightLink operates an L2 project focused on serving decentralized finance, metaverse, NFT and game applications. The company builds infrastructure and tools tailored to those Web3 use cases. The article positions LightLink as a specialized operator for projects in those verticals rather than a consumer-facing product. No operating metrics or revenue figures were disclosed in the report. The announcement centers on the company’s product focus and recent seed financing.

Team