Participated · Seed · May 2022

Boomerang operates a lost & found platform that centralizes found inventory from businesses to reduce fragmentation and improve recovery for consumers. The company was launched in November 2021 by Skyler Logsdon, Philip Inghelbrecht, and Augustine Diep-Tran. Boomerang serves a roster of customers on the Boomerang Network including Universal Studios, Cleveland Browns Stadium, Nissan Stadium, State Farm Arena, Margaritaville Resort, Encore Resort at the Reunion, The Dalmar, Savannah / Hilton Head International Airport, and Syracuse Hancock International Airport. The article notes U.S. consumers spend $5B annually replacing lost items and that the overwhelming majority of these items are lost at businesses, indicating a large addressable market. Boomerang recently raised new funding and will use the proceeds to fuel growth and invest in its team and platform to scale to demand. Leadership and investors emphasize the company’s technology and timing to address the pervasive problem of lost items. Boomerang offers a lost-and-found technology platform that includes a self-serve lost-and-found management software for businesses and an end-to-end, fully managed service for institutions with high volumes of lost items. The company targets hotels, restaurants, bars, clubs, universities, stadiums, casinos, theatres, gyms, airports, airlines and other businesses that collect lost items. Boomerang emerged from stealth after six months of development and currently has a nine-person team, mostly engineers distributed around the U.S. The co-founders—Skyler Logsdon, Philip Inghelbrecht and Augustine Diep-tran—bring prior experience at Shazam, TrueCar, Tatari and YourMechanic. The startup has been building its product, team and first batch of partners to launch its services. Financially, Boomerang announced a $2.8M pre-seed round to support its launch and growth.

Participated · Seed · Apr 2022

Defy Labs develops DEFY, a move-to-earn augmented reality (AR) game and related tools that allow users to view and interact with NFTs and digital collectibles in the real world. Its gameplay involves hacking missions that require players to explore physical surroundings with AR assistance. Rewards are distributed to players in the form of cryptocurrency and NFTs. The company is led by CEO and co-founder Ben Pember. Defy plans to use the funds for team expansion, continued game development, and improvements to the mobile app's AR features. An alpha version of the mobile app is scheduled to launch in mid-April.

Participated · Series A · Mar 2022

Wombat Exchange is a Hong Kong-based, BNB-native multichain stableswap backed by Binance that aims to re-engineer the stableswap experience with an innovative algorithm design. The protocol emphasizes greater capital efficiency, accessibility, and scalability across multiple chains. Its core product is a hyper-efficient multichain stableswap designed to accelerate DeFi growth by improving liquidity and capital utilization. The company plans to use new capital to accelerate product development and geographic and protocol expansion. Wombat reported a valuation increase to $70M following this raise and a prior seed round led by Binance Labs in November 2021. The team frames its vision around pushing DeFi boundaries in a multichain world.

Participated · Equity · Jan 2022

Space Falcon is a Solana-powered, browser-based play-to-earn metaverse built around a classic multiplayer space shooter and premium sci‑fi NFTs. The project supports decentralized asset ownership and token-based economics (FCON and FGOLD) and integrates with Solana DeFi/DEX partners. It reports a community of over 400,000 across social channels and about 5,000 monthly active users with more than 50,000 minutes played. Space Falcon plans to introduce ownable in-game assets (spaceships, planets, galaxies) as NFTs and to integrate web3 wallets for trading and P2E utility. The team has strategic partnerships with Solice, Raydium, Roseon Finance, and Cyclos to accelerate growth in the Solana ecosystem. The company intends to use the $4 million raised to further develop the game and improve user experience; FCON was scheduled to launch on Raydium’s AcceleRaytor and list on January 25, 2022.

Participated · Equity · Nov 2021

NuLink provides decentralized privacy protection technology via an API aimed at integrating privacy features into decentralized applications. Its platform is positioned to help developers, startups, small businesses and enterprises build applications while adopting security and privacy best practices. The company emphasizes privacy-preserving tooling for dApps rather than a consumer-facing product. NuLink is described as being based in Sweden. The article reports that NuLink completed a $1.6M strategic financing. The raise signals outside investor interest in its API-focused privacy offering. NuLink provides privacy-preserving technology for decentralized applications through an out-of-the-box API platform. The platform offers endpoint encryption and cryptographic access control, using Proxy Re-Encryption and Attribute-Based Encryption to grant access by policy. For data recipients, NuLink supports Zero-Knowledge Proofs for privacy-preserving data availability and can employ Fully Homomorphic Encryption for enterprise-level data computation. The company highlights use cases including encrypted NFT marketplaces, electronic health record sharing, joint medical data analysis, decentralized digital rights management, privacy-preserving social networks, and encrypted financial data prediction. Co-founder David Jiao said the roadmap is to create a smart and scalable software architecture and to evolve from privacy data sharing to privacy data computing while building industry-specific use cases. NuLink announced a $4 million raise from a syndicate of crypto investors, per the company press release.