1Confirmation

1Confirmation is a venture capital firm based in San Francisco, California, specializing in early-stage investments primarily in the blockchain and cryptocurrency sectors. Founded in 2017, the firm focuses on supporting start-ups that are contributing to the decentralization of the web and society. 1Confirmation typically makes seed investments ranging from $0.05 million to $0.75 million in various forms, including cryptocurrencies, tokens, equity, and investment instruments such as SAFTs and SAFEs. Additionally, the firm is a Registered Investment Adviser (RIA), further establishing its credibility in the financial landscape.

Kofi Kufuor

Partner

Nick Tomaino

Founder and General Partner

Past deals in Ethereum

Polymarket

Series B in 2024
Polymarket is a prediction market platform that allows users to bet on the outcomes of various global events using cryptocurrency. Polymarket operates on the Ethereum blockchain, utilizing the Polygon network to enhance scalability and reduce transaction costs. Users connect to the platform through an Ethereum-compatible wallet and use the USDC stablecoin to place bets on events, ranging from political outcomes to entertainment predictions​.

Rated

Series A in 2023
Rated Labs is a Web3 infrastructure project that focuses on providing detailed data on validators and node operators. By offering an API-based platform, it delivers independent ratings and comprehensive datasets, particularly for Ethereum. This service allows users to easily compare the performance of various node operators, enhancing transparency and understanding of Web3 infrastructure data. Through its robust data pipelines, Rated Labs aims to empower developers to effectively navigate and utilize Ethereum's base layer, making the complex landscape of blockchain infrastructure more accessible and informative.

Rated

Seed Round in 2022
Rated Labs is a Web3 infrastructure project that focuses on providing detailed data on validators and node operators. By offering an API-based platform, it delivers independent ratings and comprehensive datasets, particularly for Ethereum. This service allows users to easily compare the performance of various node operators, enhancing transparency and understanding of Web3 infrastructure data. Through its robust data pipelines, Rated Labs aims to empower developers to effectively navigate and utilize Ethereum's base layer, making the complex landscape of blockchain infrastructure more accessible and informative.

Primitive

Series A in 2022
Primitive is a developer focused on the Ethereum decentralized finance ecosystem, creating an open-source software framework known as Arbiter for simulating crypto transactions. The company specializes in a crypto asset management platform that offers non-custodial options protocols for various Ethereum assets, allowing users to earn upfront returns. Through its innovative solutions, Primitive aims to enhance the management and utilization of crypto assets within the rapidly evolving decentralized finance landscape.

Visor Finance

Seed Round in 2021
Visor Finance operates a decentralized platform that focuses on active liquidity management within the decentralized finance sector. Its platform enables users to leverage smart vaults for liquidity mining and asset management across various decentralized finance protocols and exchanges. By facilitating the implementation of strategies for reinvesting fees and distributing protocol revenue, Visor Finance aims to help users maximize their returns while minimizing the risks associated with impermanent loss. This innovative approach positions Visor Finance as a key player in enhancing user engagement and profitability in the rapidly evolving DeFi landscape.

Primitive

Venture Round in 2021
Primitive is a developer focused on the Ethereum decentralized finance ecosystem, creating an open-source software framework known as Arbiter for simulating crypto transactions. The company specializes in a crypto asset management platform that offers non-custodial options protocols for various Ethereum assets, allowing users to earn upfront returns. Through its innovative solutions, Primitive aims to enhance the management and utilization of crypto assets within the rapidly evolving decentralized finance landscape.

Notional Finance

Series A in 2021
Notional is a decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date. Notional operates specialized liquidity pools that allow users to efficiently trade cash for fCash and vice versa. The exchange rate that a user receives on their trade implies a fixed rate of interest from the time of trade until the fCash token’s maturity. Notional is flexible and configurable. The protocol can add additional assets for lending and borrowing, additional collateral types, and additional maturities beyond six months. The community intends to broaden Notional’s scope over time to include a wider array of supported assets and extended available maturities. Notional prioritizes security. The protocol team works with industry leaders to ensure that the smart contracts are technically secure and that the economic assumptions applied in the protocol’s design are sound.

Nexus Mutual

Venture Round in 2021
Nexus Mutual Limited operates a decentralized insurance platform built on the Ethereum blockchain, enabling users to share insurance risk collaboratively without involving traditional insurance companies. Founded in 2017 and based in London, Nexus Mutual allows members to purchase coverage and participate in decision-making processes that are recorded and enforced through smart contracts. The platform aims to replicate the mutual insurance model on a large scale, providing an innovative solution for risk sharing. Initially, Nexus Mutual launched with a product offering earthquake cover, highlighting its focus on addressing specific insurance needs within the emerging blockchain landscape. Through its technology, the company facilitates the identification of security risks and potential bugs in smart contract code, reinforcing its commitment to transparency and member empowerment in the insurance sector.

Notional Finance

Seed Round in 2020
Notional is a decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date. Notional operates specialized liquidity pools that allow users to efficiently trade cash for fCash and vice versa. The exchange rate that a user receives on their trade implies a fixed rate of interest from the time of trade until the fCash token’s maturity. Notional is flexible and configurable. The protocol can add additional assets for lending and borrowing, additional collateral types, and additional maturities beyond six months. The community intends to broaden Notional’s scope over time to include a wider array of supported assets and extended available maturities. Notional prioritizes security. The protocol team works with industry leaders to ensure that the smart contracts are technically secure and that the economic assumptions applied in the protocol’s design are sound.

Authereum

Seed Round in 2020
Authereum develops a platform for onboarding users to decentralized apps on the Ethereum network, to make it easier for non-technical users to get on Ethereum applications. Authereum makes use of contract-based accounts to enable additional key management functionalities, allowing users to convert fiat into crypto without leaving the wallet or having to complete a Know Your Customer verification.

Ignite

Series A in 2019
Ignite is a blockchain company founded in 2014 by Ethan Buchman in Berkeley, California. It specializes in developing tools and protocols that simplify blockchain application development. One of its key offerings is Ignite CLI, an open-source rapid prototyping tool that allows developers to create new blockchains swiftly, reducing the time required to launch a local testnet from hours to just minutes. The tool features intelligent scaffolding, which not only accelerates the development process but also lowers the entry barriers for new developers in the blockchain space. Additionally, Ignite focuses on creating a consensus algorithm and a peer-to-peer networking protocol designed to support internet-scale distributed applications, enhancing the speed, security, and scalability of blockchain solutions while enriching the overall blockchain ecosystem.

MakerDAO

Venture Round in 2017
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the IMF’s international currency basket SDR. Founded in 2014, the company is headquartered in Santa Cruz, California.
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