Led · Equity · Feb 2022

Digital Infrastructure publishes DIMO Mobile and builds core components of the DIMO open connected-vehicle network. Its core product, DIMO Mobile, connects to automakers' connected-vehicle services or to hardware devices (AutoPi and the DIMO Macaron) that plug into a car's OBD port to collect private fuel, location, maintenance, and diagnostics data. The company plans to upgrade DIMO Mobile, build direct integrations with automakers, and continue developing hardware such as the AutoPi and Macaron devices. The DIMO network grew 900% last year from 3,000 to more than 33,000 cars; drivers and fleets traveled over 220 million miles across 1,300 vehicle models in the first year. Users can opt into anonymized data sharing to earn DIMO tokens and rewards, and the network reports average annualized savings and rewards of more than $1,250 per connected driver or fleet. The company recently closed an $11.5 million Series A to fund product upgrades, automaker integrations, and hardware development. Digital Infrastructure, Inc. is a NYC-based, user-owned IoT platform focused on building the DIMO network to let owners create verified data streams from devices they own and share them privately. The platform is inspired by Helium, Streamr, IPFS and Ethereum and starts with connected cars. The company plans to open-source its core software, release an SDK for developers, expand hardware supply and support production of additional DIMO-compatible devices, and seed apps and services for target groups like EV manufacturers and electric utilities. Digital Infrastructure also intends to further decentralize governance to include drivers, public and private fleets, and app developers. Since launching App.Dimo.Zone in December 2021 the company has seen over 17,000 vehicles added, demand from over 700 fleets, and dozens of mobility services building on the platform. It has 2,500 DIMO-enabled Data Miners pre-ordered through Shop.Dimo.Zone, with the first units delivered and installed in consumer vehicles, enabling private secure hardware connections and reward access via Mobility Data Unions.

Led · Seed · Feb 2022

Primex Finance operates a decentralized prime brokerage liquidity protocol that enables margin trading across DEXs using credit pools called credit buckets. Lenders provide liquidity to credit buckets and earn interest and profit-based fees generated from margin fees and successful trades. Traders access that liquidity to margin trade across various DEXs while Primex assigns each trader a score using machine learning to determine decentralized risk levels. Founded in June 2021 and announced from New York, the protocol aims to unite DEXs and lending to expand non-custodial margin trading access. The company announced a $5.7M seed raise and will use the funds to progress product development ahead of a V1 launch later this year. Primex’s roadmap emphasizes interoperable cross-margin functionality and trader scoring to provide security and transparency for the protocol.

Led · Equity · Jan 2022

Aleph.im provides a decentralized, cross-blockchain network of nodes that offer serverless computing, indexing, and storage to blockchain, dApp developers, and organizations. The project has rolled out its first computing resource nodes and plans to activate storage nodes later this year to enable both decentralized processing and decentralized storage. The company says this stack will allow Web3 builders and protocols to fully decentralize their development stack. Aleph.im closed a $10M funding round to support execution of that vision and network rollout. The organization also announced a partnership with Ubisoft tied to NFT use cases around the same time as the funding. The article frames Aleph.im as competing with centralized serverless providers such as AWS Lambda and Microsoft Azure while targeting blockchain-native workloads within a serverless market the article cites as $3.1B in 2017 and projected to reach $21.9B by 2025.

Led · Series A · Sep 2021

SubQuery builds a decentralized data aggregation and indexing layer that provides Polkadot and Kusama developers tools to explore, transform, and analyze on-chain data. Its marketplace for data indexing and provisioning lets blockchain developers focus on product development and user experience rather than building querying systems. SubQuery already serves millions of data queries each day to over 60 projects and is integrated with applications such as Subscan and parachains including Acala’s Karura, Phala’s Khala, and Bifrost. The team plans to decentralize the protocol by onboarding strategic external data service providers. It also intends to expand integrations to other Layer 1 blockchains, including Solana and Terra. The company says the funding will accelerate its technical and community roadmap in 2021 and beyond; the announcement was made from Singapore.