Participated · Seed · Jul 2026

Sentient develops a decentralized AI infrastructure called GRID that connects more than 100 models, data sources and reasoning agents to enable compositional multi-model responses. Built products include Dobby (a family of open-source LLMs tuned for community-aligned values), Sentient Chat (an agent-aggregation interface) and Open Deep Search, which the team says outperformed closed alternatives on the FRAMES benchmark. The project issues the SENT token for staking, governance, service payments and contributor rewards to coordinate a distributed community of developers, data providers and infrastructure operators. Sentient was founded in January 2024 by Sandeep Nailwal, Pramod Viswanath and Himanshu Tyagi and has secured an $85M seed round plus a $42M grants/investment program for open AGI research, bringing total committed capital above $125M. The team emphasizes keeping advanced models and agents openly available and auditable rather than proprietary. Following a listing of SENT on a major exchange, the token jumped about 20% on July 9, 2026, an event the coverage characterizes as liquidity-driven and highlights execution and adoption risk as key determinants of long-term value.

Participated · Equity · May 2026

Cycles is developing a unified clearing network that nets obligations across crypto trading and stablecoin payment flows using zero-knowledge proofs, trusted execution environments, and multilateral clearing. Its first products are Cycles Prime, an institutional product that enables private netting of OTC obligations without collateral or asset movement, and Cycles Pay, a stablecoin payments app for individuals and businesses that routes payments through the clearing engine to minimize capital movement. Cycles Prime is launching with Lynq and FalconX as anchor partners, and Cycles Pay offers invoicing and expense management with a private beta for business features. The company was spun out of Informal Systems and is led by Cosmos co‑founder Ethan Buchman. Financially, Cycles has raised $8.7 million to date, including a $2.3 million pre-seed in 2025 and the $6.4 million round announced in May 2026.

Led · Series A · Feb 2026

Opinion operates a decentralized prediction-market exchange in which all trades and settlements occur entirely on-chain, positioning itself as a non-custodial alternative to centralized betting and derivatives venues. The product experience is closest to Polymarket, allowing users to speculate on macroeconomic and regional events. Since launching key market categories in October, the platform has expanded rapidly and now holds approximately $130 million in open interest across its markets. This growth underscores rising user engagement and liquidity within the protocol. Opinion’s business model centers on transaction fees generated from trading activity and liquidity provision. Proceeds from its recent capital raise will be used to deepen market liquidity, expand event categories, and enhance the underlying smart-contract infrastructure. The company’s near-term roadmap also includes scaling user acquisition and reinforcing its compliance and oracle systems.

Participated · Seed · Feb 2025

Fluent Labs is a Dover, DE-based company building a blended execution network that unifies Wasm, EVM and SVM apps on an Ethereum L2. The network enables programs written for different virtual machines to interoperate within a single execution environment. For users, Fluent offers access to applications from different VM ecosystems in one place without switching wallets. The company plans to parallelize the blended environment to deliver high-performance, low-cost app usage across supported VMs. There are currently over 60 projects in the Fluent ecosystem across DeFi, infrastructure, consumer and gaming. Fluent raised $8M in funding and intends to sue the funds to expand operations and its development efforts.

Participated · Series B · Sep 2024

Founded in 2021, Drift is a decentralized derivatives exchange on Solana that offers perpetual futures, spot trading, lending, borrowing and cross-margin trading. It has more than 175,000 users and roughly $150 billion in cumulative trading volume. On April 1 the protocol was exploited for more than $270 million after attackers infiltrated the project, prompting substantial user losses and a roughly 70% drop in the DRIFT governance token. In response, Drift agreed to transition its settlement layer from Circle’s USDC to Tether’s USDT and to relaunch as a USDT-based perpetuals DEX on Solana. The company is pursuing recovery of user funds and platform reboot supported by the Tether-led funding package that includes revenue-linked repayments, grants, and liquidity support for market makers.