Participated · Equity · Apr 2024

Shiba Inu is an interconnected ecosystem of decentralized cryptocurrencies and digital assets built on the Ethereum blockchain. Its token suite includes $SHIB, $LEASH, $BONE, plus native SHIBOSHIS and SHEboshi NFTs, and it operates projects such as SHIB:The Metaverse and Shibarium, a Layer 2 blockchain. The company also runs SHIB.io to support ecosystem technologies. Shiba Inu says it serves a community of tens of millions and aims to expand to the next billion crypto-curious users. The firm plans to build a new blockchain using Fully Homomorphic Encryption (FHE) in partnership with Zama.ai and to expand security and regulatory compliance. Recently it completed a $12M financing tied to its final unreleased utility and governance token, $TREAT.

Led · Seed · Jan 2024

Kasu is a Real World Asset (RWA) business lending protocol that leverages proprietary technology to optimise businesses' cash flows and credit risk to deliver higher-quality, risk-adjusted yields in DeFi. The platform layers automated debt recovery mechanisms and structured credit to improve risk management across private-credit RWA products. Kasu is an exclusive joint venture between Faculty Group and Apxium Technologies and will build on Apxium’s SaaS+FinTech innovation platform. Apxium’s platform provides Receivables and Payables Financing solutions for accounting and law firms and their clients. The technology has been shown to reduce accounts receivable administration and debtor days by up to 50%, de-risking debtor positions prior to advancing funds against invoices. Kasu intends to use the new capital to advance its platform and further refine its proprietary risk-optimisation and credit-recovery capabilities.

Led · Equity · Oct 2023

Arcana Network provides a UX-focused app-chain and a suite of developer products designed to simplify user onboarding and crypto interactions for dApps. Its Arcana Auth SDK allows users to log in with email or social accounts while Arcana creates an embedded, decentralized, non-custodial wallet inside the app. The SendIt product lets users transfer crypto to anyone via email or Twitter ID through a shareable link, removing the need for recipients to pre-install wallets. Arcana's core tech is a Distributed Key Generation (DKG) network and app-chain with independent validator nodes that produce decentralized, non-custodial keys. The article cites strong early traction: 400k+ unique wallets in under two months, 40+ partners using its product suite, over 80 enterprise customers, and 2,000+ independent developers building on the platform. Arcana raised $2.3M in a 2021 round led by Republic Crypto and Woodstock Fund, bringing total funding to $4.5M, and the article frames the project as positioned to continue expanding as Web3 adoption grows.

Participated · Seed · Nov 2022

Midnight is a gaming company that emerged from stealth to build a studio and platform focused on creating never-ending stories across free-to-play and premium titles. It is developing a novel web3-based 'forging' system intended to create true interoperability and a robust player-driven economy while ensuring games are enjoyable without the NFT layer. The company was founded in late 2021 and is based in Los Angeles. Midnight now has more than 60 people working on four titles — including Legion (a 4X MMO), Next Protectors (a 2D pixel brawler), and At Your Service (a couch co-op) — and is scaling rapidly. The team is led by industry veterans including CEO Steve Wade and CTO Steven Spagnolo, with Chris Heatherly, Geoffrey Hunt and Bill Roper in senior creative and product roles. The company plans to build a vibrant slate of first- and third-party games across platforms and genres, and will release more information on its titles and platform in coming months.

Participated · Seed · Jun 2022

Liminal is an enterprise-grade, plug-and-play wallet operations infrastructure that secures digital assets using MPC and MultiSig across multiple blockchains. The platform automates wallet operations—eliminating manual operations by 90% and saving manual refill hours—targeting exchanges, custodians, banks, trading desks, hedge funds, crypto-native businesses, SMEs and Web3 startups. In one year of operations Liminal has processed over $2.5 billion in transactions, automated $400 million in transactions, and has about $50 million in assets under protection. The company counts ZebPay, DIFX and Flitpay among its clients and says its unified interface supports multiple blockchain protocols. Liminal's key management product is insured by a global insurer and the team includes veterans with experience running cryptocurrency exchanges. The company is focused on expansion in the APAC and MENA regions and plans to invest in hiring and product development to scale its automated wallet infrastructure.