Participated · Equity · Oct 2025

Turtle has built a liquidity distribution protocol that curates opportunities, consolidates liquidity, and routes it to DeFi partners via a data-driven coordination layer. The platform currently serves an expanding network, linking more than 358,000 wallets and routing over $5.5 billion in liquidity. To date, the company has generated more than $6 million in revenue, illustrating the sustainability of its model compared with short-term incentive schemes. Led by CEO Essi Lagevardi, Turtle is now focusing on accelerating the rollout of its Earn infrastructure, enlarging its engineering team, and deepening multi-chain integrations. The recent capital injection lifts its total external funding to $11.7 million. These resources are intended to fuel further product development and ecosystem expansion across multiple blockchains.

Participated · Equity · Jul 2025

Volcon completed a private placement raising gross proceeds of over $500 million and has launched a Bitcoin treasury strategy. The company plans to allocate more than 95% of the private placement proceeds toward acquiring BTC and has credited net proceeds to custodial accounts at Gemini, with additional purchases already started. Volcon currently holds 280.14 BTC, including 235.83 BTC received in lieu of cash subscriptions from the placement. To execute the strategy it entered a Strategic Digital Assets Services Agreement with Gemini for institutional-grade custody and execution. The company plans to change its name to Empery Digital, Inc., update its ticker to EMPD, and rebrand the Volcon Power Sports division as Empery Mobility. Management and board changes include Ryan Lane joining as Co-CEO and Chairman and the appointment of Ian Read, Rohan Chauhan, and Matthew Homer to the board; the power sports business is being repositioned to an asset-light model.

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

Magma is a decentralized liquid staking protocol built on the Monad Network that will issue gMONAD as its liquid staking token. The protocol is designing MEV infrastructure to maximize extractable value during block production on Monad. Magma plans to enable users to stake Monad tokens, retain liquidity via gMONAD, and earn staking and restaking rewards through an integration with Ether.fi. The team has established partnerships with a broad set of validators and DeFi primitives to support its launch and security posture. With a $3.9M seed raise, the company intends to further develop its liquid staking platform and MEV architecture. Founders David Mass and Meir Bank bring prior experience from Citibank and AngelDAO and say the project will launch on testnet before moving to mainnet, alongside a community points program.