Participated · Seed · Jan 2026

Cork is building a protocol that supplies tokenized risk infrastructure, enabling standardized pricing, market-driven hedging, and redemption-liquidity backstops for on-chain assets such as vault tokens, yield-bearing stablecoins, liquid (re)staking tokens, and real-world assets. The system lets asset managers and issuers spin up custom swap markets to enhance redemption liquidity, improve risk transparency, and bolster market confidence. Its composable risk primitives integrate directly with ERC-4626 vaults and other yield-bearing ERC-20 assets, making risk management a native, programmable component of on-chain finance. Future plans include bringing the company’s first risk markets into production, expanding integrations with vault and asset issuers, and supporting regulated product pathways. Cork has secured $5.5 million in seed funding to finance these initiatives, providing the capital base for continued product development and market launch.

Participated · Equity · Jun 2025

Veda operates a universal, modular, composable cross-chain vault infrastructure (the BoringVault framework) that enables developers and institutions to create vaults for use cases including liquid restaking tokens, yield-based stablecoins, savings accounts, and native chain yield. Since the BoringVault launch in March 2024 the standard has amassed over 100,000 users and powers yield strategies across wallets, chains, and protocols. The platform reports over $3.7 billion in total value locked (TVL) and more than 100,000 depositors. Veda emphasizes preserving self-custody, transparency, and security, and the company says its vault framework has a flawless security record. Founded in early 2024 by Sun Raghupathi (CEO), Joe Terrigno (CTO), and Stephanie Vaughan (COO), the team intends to deepen partnerships with institutions and fintechs. Veda plans to partner with a top-five global centralized exchange in the next month and will use the raise to accelerate DeFi adoption across established financial platforms.

Participated · Seed · Oct 2024

Kiva AI offers a human-in-the-loop platform for data collection, labeling, preprocessing, storage, governance, and integration tailored to specialized AI applications in healthcare, finance, and law. The platform matches projects with domain-specific experts and combines those experts with advanced AI tools to ensure accuracy, compliance, and scalability. Kiva AI emphasizes use cases that require specialized knowledge, such as medical diagnostics and legal document analysis. The company is expanding its global network of human experts and continuing product development to meet demand for specialized data solutions. Kiva AI is hiring engineers and positioning its platform to support organizations building complex, regulated AI systems. Financially, the company has just closed a $7M seed round to fund that expansion and development.

Participated · Equity · Apr 2024

Hinkal provides a ZK-based private smart contract wallet experience that allows users to participate in dApps directly from private addresses without withdrawing assets for obfuscation. The platform is designed to let VCs, founders and family offices receive vested tokens into private addresses and liquidate them privately to avoid adverse price impacts and market signals. Hinkal requires KYC(B) verification and supports reusable attestations with exchanges such as Coinbase and Binance to prevent illicit use while streamlining onboarding. The company has been audited by Quanstamp and Zokyo and uses Hexagate for real-time threat mitigation to provide a secure trading environment. Hinkal plans to use the newly raised capital to bring liquid funds, venture capital firms, family offices and project founders onto its confidential infrastructure. The company is based in San Francisco and was founded by Giorgi Koreli and Nika Koreli. Hinkal Protocol is a decentralized privacy protocol focused on privacy and compliance for DeFi users. The protocol has been deployed on the mainnets of six EVM chains. It implements stealth addresses, shielded pools, and decentralized identifiers (DID) to achieve low privacy costs and high compliance levels for mature DeFi traders. The protocol targets matured DeFi traders who require both privacy and regulatory-friendly controls. Financially, Hinkal completed a $4.1 million financing round led by Draper Associates. Other participants in the round included Psalion, NGC Ventures, Aquanow, No limit Holdings, Orange DAO, and DraperDragon.

Participated · Seed · Jan 2024

Masa Network is building a decentralized, privacy-first marketplace for personal data that leverages zero-knowledge and fully-homomorphic encryption to preserve user privacy. The platform lets users contribute data and earn rewards in Masa's native token while granting developers permissioned access to train AI models and build applications. Masa describes itself as a “Decentralized Google” for personal data and emphasizes data sovereignty and fair compensation for creators. The project plans a Q1 mainnet launch on a dedicated Avalanche Subnet through a strategic partnership with Avalanche. Since launching in August 2022, Masa reports over 1 million connected wallets, more than 15 million permissioned data points, and over 23,000 testnet node operators, with early adoption from projects like Avalanche, QuickSwap, Injective, and Celo. Financially, Masa announced a $5.4M Seed round that brings total funding to $9.2M. The company was incubated by Coinlist’s Seed Program and Binance’s Most‑Valuable‑Builder Accelerator. Masa Finance is a hybrid credit protocol and decentralized credit bureau that aggregates off-chain and on-chain data to create non-fungible on-chain credit reports. The platform links traditional financial accounts and credit bureau data with crypto holdings and on-chain signals, integrating over 10,000 off-chain sources across 78 countries and 26 on-chain integrations (exchanges and wallets such as Binance, Coinbase, FTX, Gemini and MetaMask). Built on Celo and Ethereum, Masa aims to give users ownership and sovereignty over their credit history and eventually migrate governance to a DAO structure. The company is launching out of beta with about 36,000 people signed up, most users in sub‑Saharan Africa (notably Nigeria and Kenya), more than 2,100 node operators on its live testnet, roughly 300 developer registrations and seven projects registered to integrate. Masa is preparing credit products including a credit builder loan, uncollateralized loans and an SME line of credit through its app, and hopes to partner with lending protocols such as Goldfinch. Financially, Masa raised $3.5M in pre‑seed funding, reports double‑digit growth each month since the start of the year, and plans a seed round to fund hires, the protocol's production release, a public token sale, and scale-up of node operators and developer and lender onboarding.