• PG Labs

  Participated · Seed · Dec 2025

  PG Labs (株式会社PGL) positions itself as a "Public Goods" Web3 studio dedicated to "putting every asset on-chain." The company offers end-to-end planning, development, global marketing, and treasury support for Web3 projects built on Ethereum and its Layer-2 ecosystem. A core in-house product is Pheasant Network, an interoperability protocol that connects Ethereum with more than 30 Layer-2 networks and has already processed over ¥30 billion in cross-chain transactions using its proprietary “Optimistic Interoperability” design. PG Labs has received multiple grants from the Ethereum Foundation, Optimism Foundation, Polygon Labs, and other Layer-2 projects, validating its technical contributions to public-goods infrastructure. With fresh seed funding, the company will double down on Pheasant Network development, expand research on Ethereum and Layer-2 technologies, and scale its enterprise support services in Japan. Approximately half of its newly raised capital is held in ETH and USDC, and part of the idle treasury will be actively managed to reinforce its financial base.

• Intmax

  Participated · Seed · Apr 2023

  INTMAX develops a stateless zkRollup Layer2 protocol designed to deliver near-zero gas costs while preserving data sovereignty, targeting payments at global scale. It also offers the INTMAX Wallet (a Walletless Wallet) that leverages biometric authentication, MPC and FHE to provide secure, instant access across devices and browsers without app installs or seed phrases. The wallet reportedly reached over 1,000 daily registrations worldwide within three weeks of launch. The project positions its Layer2 to support extremely large scale (the team states capacity for handling up to one billion users per day) and to specialize in low-cost cross-border payments. Public milestones include a 2022 Ethereum Foundation grant and selection among Crypto Valley’s top 50 blockchain projects in 2023. Roadmap items in the article include additional wallet features in 2023 Q4 (support for non-biometric devices, other L2s, and link payments) and an INTMAX mainnet start targeted for 2024 Q1. INTMAX is a stateless zkRollup developed by Ryodan Systems AG that aims to combine extremely high scalability with customizable privacy for Ethereum Layer 2. The project claims it can scale to 1 billion users in a single day and targets near‑zero gas costs through design elements such as a preconsensus mechanism, state deltas, a zkRollup with limited online assumptions, and liveness/safety separation. Ryodan Systems announced a $5M seed raise to continue development and pursue a roadmap that includes an alpha on Ethereum mainnet in Q2 2023 and a mainnet launch in Q4 2023. The company is headquartered in Lucerne, Switzerland, and received an Ethereum Foundation grant in 2022. Ryodan Systems was also named one of Crypto Valley's Top 50 Best Performing Blockchain Projects in 2023. The fundraising included both institutional/VC backers and prominent angel investors who the company says will support development and ecosystem growth.

No current team members are available.