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The Venture Codex

Tezos Foundation

Dammstrasse 16, Zug, 6300, Switzerland

Overview

Tezos is a technology that powers a distributed, peer-to-peer, permissionless network. No single entity owns, manages, or controls “Tezos.” Understanding this paradigm is fundamental to understanding Tezos. The Tezos Foundation is a Swiss foundation, supervised by the Swiss Federal Foundation Supervisory Authority which is part of the Swiss Federal Department of Home Affairs. Its purpose is the promotion and development of new technologies and applications, especially in the fields of new open and decentralized software architectures including the promotion and development of the Tezos protocol and related technologies. As highlighted in the Tezos position paper, the success of any decentralized network is determined by the efforts of a robust, diverse, and flourishing community. The Foundation exists as a part of this ecosystem, alongside developers, scientists, network validators (“bakers”), enthusiasts, and many others all working towards the success of a platform that we believe will ultimately drive innovation on a global scale. The Foundation’s role within the community is to deploy resources that support the long-term future of the Tezos project. Grants and other capital deployment vehicles offer a strategic way to help community members, such as educational and research institutions, developers, or activists from all over the world to support the advancement of the Tezos technology. Tezos’ potential rests in the hands of its community which is among the strongest and most exceptional in the blockchain ecosystem. All interested parties are welcome to join the Tezos community and contribute to the project.

Total investments
8
Lead investments
0
Investments · 12mo
0
Active investors
5

Sector focus

  • Blockchain
  • Cryptocurrency
  • Software
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Investment portfolio

  • Kredete

    Participated · Seed · Sep 2024

    Kredete, founded in 2023 by serial entrepreneur Adeola Adedewe, operates a fintech platform that links cross-border remittances with a proprietary credit-building system aimed at African immigrants. Its consumer app lets users send money to more than 30 African countries and simultaneously report those transactions to boost credit scores in the United States and other markets. The company says it has attracted over 700,000 monthly users, processed $500 million in remittances, and lifted users’ U.S. credit scores by an average of 58 points. Beyond retail services, Kredete offers businesses an API layer that uses stablecoin rails for real-time, low-cost payouts across Africa. The roadmap includes launching Africa’s first stablecoin-backed credit card usable in 41 African countries, plus new products such as rent reporting, credit-linked savings, goal-based lending, and USD/EUR interest-bearing accounts. The firm is also building what it calls the continent’s largest aggregation layer of banks and wallets to provide one API for payouts. Recent funding will support geographic expansion into Canada, the UK, and additional European markets. Total funding to date stands at $24.75 million.

  • Archax

    Participated · Series A · Nov 2022

    Archax is a UK-regulated digital asset exchange and tokenization firm that operates an in-house tokenization platform. The company has integrated the Stellar blockchain into its tokenization tool and launched a tokenized Aberdeen money market fund on the Stellar network. The Stellar Development Foundation invested in Archax as part of a broader partnership to accelerate tokenization of real-world assets, though the firms did not disclose the investment size. Last month Archax acquired BaFin-regulated Deutsche Digital Assets to expand into crypto exchange-traded products in Europe. The company is positioning itself to serve the rapidly growing tokenized real-world-asset market, which the article cites as having doubled to $26 billion and projected to reach $1 trillion by 2030. The article does not disclose operating metrics, revenue, or valuation for Archax. Archax is an FCA-regulated UK digital securities exchange, brokerage and custodian focused on institutional clients. Its custody services are already live and the exchange platform is live while it onboards initial issuances ahead of a planned formal launch in 1Q 2023. The platform offers spot trading in Bitcoin and Ethereum and intends to list a range of tokenised assets and regulated crypto ETPs that settle in Crest with ISIN codes. Archax is working with abrdn to tokenise funds and enable institutions to trade regulated instruments representing underlying crypto assets. Membership targets broker members, family offices, hedge funds, private banks, wealth managers, investment banks, prop trading firms and market makers. Technology for the regulated market is provided by Aquis Technologies' AME and AMS running in the Equinix LD4 datacentre, while Archax has built its own matching engine, front end and APIs. Archax operates a regulated digital securities exchange and custody platform, having secured FCA approval as a key part of its go‑to‑market strategy. The company completed its exchange platform build and obtained its FCA licence in August, milestones investors cited as central to the business. Archax has raised funding to meet regulatory capital requirements needed to launch the platform. It closed an oversubscribed $8 million seed round after initially targeting $5 million, reflecting strong investor demand. Management and investors have framed the licence and capital as foundations for launching and expanding a worldwide ecosystem of next‑generation digital assets under FCA regulation.

  • Wert

    Participated · Seed · Mar 2022

    Wert.io is the first native checkout and crypto gateway for NFTs that simplifies purchasing of NFTs and other DeFi products using embedded finance technology. Its payment module brings regulatory, compliance, payments, and blockchain interoperability under the hood for projects built on blockchain, facilitating user acquisition. The Tallinn-based startup went live with its first NFT marketplace in April 2021 and has since conquered a large market portion. Digital Horizon announced its investment in a €4 million seed round for the company. The new funds will be used to expand geographic coverage and to continue building innovative financial infrastructure solutions for Web3 startups.

  • Superlogic

    Participated · Seed · May 2021

    Superlogic runs a blockchain-enabled loyalty management platform for enterprises. The system converts conventional reward points into on-chain tokens and transforms redeemable products or service experiences into tradable “digital badges.” This structure is designed to give brands tighter control and broader flexibility when running loyalty programs. Its customer roster already includes major payments player American Express, underscoring early commercial validation. By leveraging blockchain, Superlogic aims to increase transparency, interoperability, and user engagement within loyalty ecosystems. Financial metrics such as revenue or user numbers were not disclosed in the article. The company has just secured additional capital to advance its platform and deepen customer relationships.

  • Vertalo

    Participated · Series A · May 2021

    Vertalo builds cap table and investor onboarding solutions to facilitate direct ownership and direct listing of private assets, using distributed ledger technology to enable tokenization and secondary liquidity. The company offers white‑label, licensed, and joint‑venture deployment options for capital advisors, broker‑dealers, and investment banks. Vertalo says it focuses on simplifying investor onboarding and reducing systemic friction in private capital markets. It has reported six quarters of sequential growth, with Q1 2021 bookings topping $1.5 million. Vertalo closed a $5 million financing and intends to use proceeds to hire more developers and technical account managers to execute its roadmap and meet rising global client demand. Multiple clients participated in the offering and the company has added board members at its parent, SeriesX. Vertalo is a CRM platform developed on Ethereum that is positioned to support tokenization and security token offerings. The product is being developed by SeriesX, which plans to use new capital to further develop the Vertalo platform and expand its technical team. SeriesX says Vertalo will help manage connections and contracts with stakeholders as organizations decentralize. Investors and partners view the product as relevant to tokenization of cap tables and the convergence of HR and fintech. SeriesX plans to launch Vertalo later this year. The company was a runner-up in Capital Factory’s 100K Blockchain Challenge at SXSW in March.

Team