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The Venture Codex

Red Beard Ventures

119 South Main Street, Suite 220, Brooklyn, NY, 11215, United States

Overview

Red Beard Ventures is a full-stack web3 fund investing across Web 3.0 and crypto, including consumer applications, infrastructure, gaming, the metaverse, and DeFi with a focus on pre-seed through Series B investments in equity and tokens.

Total investments
26
Lead investments
2
Investments · 12mo
1
Active investors
1

Sector focus

  • Finance
  • Financial Services
  • FinTech
  • Metaverse
  • Venture Capital
  • Web3
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Investment portfolio

  • Receipts Depositary Corporation

    Participated · Equity · Jun 2026

    Receipts Depositary Corporation is a Houston‑based depositary that issues depositary receipts (DRs) designed to let investors own digital and alternative assets through regulated, market‑eligible instruments. Its offerings provide issuer services, operational infrastructure, and market connectivity to connect asset issuers, intermediaries, and U.S. capital markets. The founders bring more than a decade of experience in the DR business, and the company states it is building a modern, technology‑driven depositary platform. RDC plans to expand its suite of DR products across additional asset categories and make certain offerings available to retail investors. The company is investing in capital markets infrastructure, go‑to‑market expansion, and strategic hiring to support upcoming product launches. RDC notes it is not a bank and is not registered as a broker, dealer, or investment adviser in any jurisdiction. The company recently raised $7 million to support these initiatives.

  • Airstack

    Led · Seed · Oct 2024

    Airstack builds a Web3 application programming interface platform designed to let individuals discover and use data from the Web3 ecosystem via APIs. The platform aims to simplify access to on-chain data for users and applications. Airstack announced on X that it completed a $4.0 million seed round. The company did not disclose any valuation information in the announcement. The seed financing involved multiple crypto and venture investors, and included participation from Allen Day of Google Cloud. No operating metrics were provided in the article. Airstack provides a developer platform that lets users query, combine, and integrate cross-chain, on-chain and off-chain data using natural-language requests powered by AI. Since debuting in April, the platform has attracted over 200 developers working on projects from DeFi portfolio optimizers to decentralized social and messaging apps. Developers can make single queries that return combined data across blockchains and applications (for example, querying MATIC holders with ENS, Lens, and Farcaster info). Simultaneously with the funding announcement, Airstack released an updated Jam social app built on Farcaster and Ethereum for iOS and Android. The company currently offers its services free of charge but plans to implement a pricing model after identifying where it adds the most value. Management’s immediate focus is onboarding thousands of developers to surface genuine business use cases before finalizing pricing.

  • WeatherXM

    Participated · Series A · May 2024

    WeatherXM builds a network of community-monitored weather stations that collect local ground weather information and publish it openly. The stations are monitored by volunteers who are compensated with the startup’s crypto token, $WXM. The company has deployed 5,000 weather stations in over 80 countries and makes all collected data freely accessible while offering paid commercial products for enterprise users. Founders Manolis Nikiforakis, Stratos Theodorou and Nicolas Tsiligaridis previously launched a grassroots weather app and worked as consultants to enterprise customers such as the Athens airport. WeatherXM emphasizes open source data and uses blockchain both to coordinate deployments (particularly in underserved and rural areas) and as a governance tool. The startup plans to expand its team and begin monetizing commercial users.

  • Azuro

    Participated · Equity · Apr 2024

    Azuro.org operates a decentralized betting protocol that uses liquidity pools, oracles and NFTs to provide betting experiences. Its business covers liquidity provision, front-end management, oracle-based data services and decentralized governance. The company secured a $3.5 million strategic investment. The reported investors include SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales and G1 Ventures. The article does not disclose operating metrics, valuation, or specific use of proceeds. Coverage attributes the information to IT桔子 and was published on DoNews. Azuro operates a decentralized sportsbook protocol that went live on the Gnosis Chain mainnet in June. The protocol integrates prediction markets, non-fungible tokens (NFTs), DAO governance and liquidity pools to reduce costs and align incentives for bettors. Its stated goal is to replace traditional, profit-motivated bookmakers and disrupt the $200 billion betting industry. The project emphasizes minimizing incentive misalignment that it says leads to unfair or opaque environments in conventional betting. Azuro has raised a total of $7.5 million to date, including a $3.5 million raise earlier in January and the latest $4 million injection. Legal and regulatory questions remain a headwind for mainstream adoption, though industry insiders are described as optimistic about future legality.

  • Truflation

    Led · Equity · Feb 2024

    Truflation is an economic data field company that provides a comprehensive selection of independent indexes and data feeds. It compiles millions of data points aggregated in real time to offer an alternative to data collection methods used by official agencies. The company offers a DRPp (Definitive Reference Point) protocol that tracks real-time data across networks, markets, and feeds. Truflation tracks over 18 million items with three price feeds per item and delivers censorship-resistant, accessible data indices. Its data infrastructure is positioned to empower developers to build open, limitless markets and support systemic advancements in the economy. The company raised $6M and intends to use the funds to expand operations and development efforts.

Team

  • Drew Austin

    Founder & Managing Partner

    LinkedIn