Pantera Capital

Pantera Capital is an investment firm based in Menlo Park, California, specializing in Bitcoin and other digital currencies, as well as companies operating within the blockchain space. Founded in 2003 by Dan Morehead, who previously served as chief financial officer and head of Macro Trading at Tiger Management, the firm transitioned from a focus on global macro hedge fund investments to exclusively target the burgeoning digital currency market by 2014. Pantera Capital believes that Bitcoin can revolutionize the way people conduct transactions, akin to the transformative impact of the Internet on communications and commerce. The firm engages in various stages of investment, including seed, early, and later-stage opportunities, while maintaining a particular interest in technology sectors such as financial technology, cybersecurity, and big data. Its investors include notable entities such as Benchmark and Fortress Investment Group.

Heidi M. von Allmen

Chief Investment Officer, Pantera Bitcoin Fund and Hedge Fund Analyst

Ryan Barney

Senior Investment Associate and Investor

Mary Blackburn

Associate

Paul Brodsky

Partner

David Cheung

Partner

Nolan Ford

Associate

Semir Gabeljic

Associate

Ron Glantz

Investor

Gorham C.F.A., Matthew Joseph

COO

Nihal Maunder

Junior Partner

Dan Morehead

Founder Co-Chief Investment Officer and CEO

Lauren Stephanian

Partner

Past deals in Ethereum

Orderly Network

Series A in 2022
Orderly Network is a permissionless, decentralized exchange protocol built on NEAR. Founded in April 2022 with the mission to create the most robust liquidity layer infrastructure for any dApp to utilize and build on, Orderly Network offers market-leading execution with low latency, minimal fees, and access to ample liquidity options.

Pintu

Series B in 2022
Developer of a mobile cryptocurrency application designed to create convenience for the crypto market. The company's application provides all the features of a crypto exchange platform and gives access to different financial services and the opportunity to safely buy, sell, manage, and utilize blockchain-based assets, enabling crypto owners to accelerate the transition towards an open financial system.

Metatheory

Series A in 2022
Metatheory Inc. is an interactive technology and entertainment company focused on developing Web3 games and interactive content designed to foster community engagement and social experiences. The company aims to inspire imagination by connecting individuals globally through immersive environments created from cross-generational intellectual properties. By leveraging blockchain technology, Metatheory empowers users with digital ownership and audience-driven story development, allowing gamers to engage in fun gameplay while exploring new virtual worlds. The company's mission emphasizes the importance of community-driven adventures, creating a platform where creativity and social interaction thrive.

Chainflip

Venture Round in 2022
Chainflip is a decentralized protocol that facilitates direct cross-chain swaps among various blockchains without requiring a trusted intermediary. The platform is designed to support the seamless exchange of cryptocurrencies, allowing users to conduct anonymous and permissionless transactions. Utilizing robust frameworks, including Rust, Chainflip enables users to move funds across different blockchains and ecosystems without the need for additional software, collateral, or wrapped assets. This approach provides a trustless environment for investors seeking to exchange assets across multiple networks efficiently.

0x

Series B in 2022
0x Protocol operates an open protocol that facilitates peer-to-peer exchange of assets on the Ethereum blockchain. Founded in 2017 and based in San Francisco, the protocol serves as a standard for decentralized exchanges, promoting interoperability among applications that require exchange functionality. The offerings include 0x Instant, which allows for crypto purchasing within apps and websites, and the 0x Launch Kit, which assists in launching relayers. Additionally, ZEIP-23 enables the trading of bundles of assets. The protocol supports developers in building relayers, utilizing networked liquidity, and engaging in market making, catering to a diverse range of markets from gaming items to financial instruments.

MetaLend

Seed Round in 2022
MetaLend provider of a bank for NFT digital economy.

CoinDCX

Series D in 2022
CoinDCX is a company that specializes in crypto-enabled financial services. The company focuses on developing borderless financial services that ensure a simpler and uninterrupted flow of capital. Its liquidity, powerful wallet, and impenetrable security make the trading experience fast, reliable, and effortless. CoinDCX has empowered its traders with a bouquet of industry-first products to trade using liquidity from exchanges. The products are designed for all types of traders keeping their trading experience, risk tolerance, and trading frequency into consideration. The company aims to democratize finance and make investments accessible to everyone. CoinDCX was founded in 2017 and is headquartered in Mumbai, Maharashtra, India.

Hedge

Seed Round in 2022
Developer of a capital-efficient protocol designed to provide liquidity on cryptocurrency assets. The company offers interest-free loans that provide users with instant liquidity without creating a taxable event with ongoing interest payments, enabling users to deposit and borrow against their Solana tokens.

Metaverse Game Studios

Seed Round in 2022
Metaverse Game Studios is a prominent blockchain game development studio focused on creating cross-platform gaming experiences. The company specializes in narrative-driven multiplayer strategy games, allowing players to enhance their gameplay through immersive storytelling and interactive features. By leveraging blockchain technology, Metaverse Game Studios aims to innovate the gaming landscape, offering unique experiences that integrate decentralized elements and community engagement.

Swim

Seed Round in 2022
Swim is a developer of cross-chain infrastructure that facilitates the seamless transfer of tokens across different blockchain networks. By utilizing multi-token liquidity pools and Solana's Wormhole, Swim offers a solution that eliminates delays and the need for centralized bridges or wrapped assets. The company's tools empower users to swap native assets from one chain to native assets on another, thereby reducing reliance on existing bridges and centralized exchanges. This innovative approach enhances the efficiency and accessibility of cross-chain transactions for clients, allowing them to easily swap, send, and receive native assets.

Rarify

Series A in 2022
Rarify is currently working on making a service where minting and selling digital assets can become a non-hassle for industries such as music, gaming, applications and entertainment.

VALR

Series B in 2022
VALR is a cryptocurrency exchange platform based in Johannesburg, South Africa, founded in 2018. It provides a digital asset trading service that allows customers to buy, sell, store, and transfer over 50 different cryptocurrencies. The platform emphasizes security, incorporating multiple layers of protection to safeguard customer accounts and funds. VALR aims to offer a fair and transparent financial service, contributing to the development of a more inclusive financial system.

Fast Break Labs

Seed Round in 2022
Developer of a blockchain-based gaming platform designed to empower people to build the future of sports, gaming, and entertainment. The company offers a gaming platform, competitive compensation, company equity, and benefits, enabling users to own teams of fictional non-fungible tokens (NFT) athletes to compete in simulated games, tournaments, and leagues for crypto prices.

Maverick Protocol

Private Equity Round in 2022
The DeFi infrastructure built to facilitate the most liquid markets, powered by Maverick AMM.

Summoners Arena

Venture Round in 2022
Summoners Arena is an idle-RPG blockchain-based game that integrates traditional and blockchain gaming to provide countless opportunities for players to take part in immersive gameplay, experience true ownership over gaming assets whilst earning crypto assets.

Alchemy

Series C in 2022
Alchemy Insights, Inc. is a blockchain intelligence and infrastructure platform that serves hedge funds and financial institutions. Founded in 2013 and based in San Francisco, it offers a comprehensive suite of tools for analyzing blockchain data, including on-chain data, market trends, and community activity. The platform employs advanced machine learning techniques to help users identify entities, individuals, and currency flows on the blockchain, thereby aiding in sales, security, and strategic decision-making. Alchemy's emphasis on providing developers with essential tools allows for the creation of scalable and reliable decentralized applications without the complexities of managing blockchain infrastructure. The company is backed by notable organizations and individuals, reflecting its prominent position in the blockchain space.

Rift Finance

Venture Round in 2022
Rift Finance is a decentralized protocol focused on enhancing the growth of decentralized autonomous organizations (DAOs) through innovative incentive structures. The platform enables DAOs to deploy governance tokens from their treasuries, thereby increasing token liquidity while retaining ownership. This approach assists crypto companies in meeting their liquidity objectives, offering a means to generate attractive and safer returns for liquidity providers. By streamlining the process of token deployment, Rift Finance contributes to the overall efficiency and effectiveness of financial services in the Web3 ecosystem.

PsyOptions

Seed Round in 2022
PsyOptions is beta software and is a fully decentralized options protocol.

Gemini

Series A in 2021
Gemini is a next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets. The company was founded in 2014, by brothers Cameron and Tyler Winklevoss, to build a bridge to the future of money. Its goal to build a world-class digital asset exchange and custodian based in the United States.

Faraway

Series A in 2021
Developer of blockchain-based games designed to unlock player-driven and decentralized game economies. The company develops games by leveraging blockchain technology to make hyper-social games with player-driven economies which allow players from around the world to earn tokens and rise in the leaderboards, enabling players to have a realistic and vivid gaming experience.

Alchemy

Series C in 2021
Alchemy Insights, Inc. is a blockchain intelligence and infrastructure platform that serves hedge funds and financial institutions. Founded in 2013 and based in San Francisco, it offers a comprehensive suite of tools for analyzing blockchain data, including on-chain data, market trends, and community activity. The platform employs advanced machine learning techniques to help users identify entities, individuals, and currency flows on the blockchain, thereby aiding in sales, security, and strategic decision-making. Alchemy's emphasis on providing developers with essential tools allows for the creation of scalable and reliable decentralized applications without the complexities of managing blockchain infrastructure. The company is backed by notable organizations and individuals, reflecting its prominent position in the blockchain space.

Genopets

Seed Round in 2021
Genopets is a non-fungible token (NFT) “move-to-earn” game where players are rewarded for the steps they take in real life.

Aurora

Series A in 2021
Aurora is an Ethereum Virtual Machine developed by the NEAR Protocol team, offering a seamless solution for developers to run applications on an Ethereum-compatible platform. It combines the benefits of Ethereum compatibility with the scalability and low transaction costs of the NEAR Protocol, creating a high-throughput environment for decentralized applications. The platform is designed to deliver an exceptional user experience, enabling Ethereum developers to transition effortlessly by simply changing the RPC endpoint. Aurora aims to facilitate the development of decentralized applications while ensuring affordability and efficiency for users.

Stader Labs

Seed Round in 2021
Developer of a decentralized financial protocol and application designed for efficient stake management on public blockchain networks. The company's application brings sustainable staking yields from digital assets and is a distribution layer of staking while building protocols and products, enabling clients to enhance the security, decentralization, liquidity, and governance of some of the major blockchain networks.

Stader Labs

Seed Round in 2021
Developer of a decentralized financial protocol and application designed for efficient stake management on public blockchain networks. The company's application brings sustainable staking yields from digital assets and is a distribution layer of staking while building protocols and products, enabling clients to enhance the security, decentralization, liquidity, and governance of some of the major blockchain networks.

BitClout

Initial Coin Offering in 2021
BitClout is an open-source social media platform that builds a Proof-of-Work blockchain for its users. BitClout is a new type of social network that speculates on people and posts with real money, and it’s built from the ground up as its own custom blockchain. Its architecture is similar to Bitcoin, only it can support complex social network data like posts, profiles, follows, speculation features, and much more at significantly higher throughput and scale.

Audius

Venture Round in 2021
Audius, Inc. develops a decentralized community of artists, developers, and listeners collaborating using blockchain technology to share music. It provides features that include audio file hosting and streaming, creator dashboard, exclusinve content, listen without downloading additional software, and earn royalties. The company was incorporated in 2018 and is based in San Francisco, California.

Abra

Series C in 2021
Abra is a digital cash, peer-to-peer money transfer network that enables users to buy, sell, and hold bitcoin, as well as send both bitcoin and fiat currencies to any bitcoin wallet or other Abra users. Founded in 2014 by Bill Barhydt, the company leverages bitcoin and blockchain technology to facilitate transactions in over 50 currencies. Abra aims to provide a secure and instant method for transferring money, allowing users to do so without incurring fees through its mobile platform. Based in Silicon Valley, Abra is focused on transforming the way money moves globally.

Offchain Labs

Series B in 2021
Offchain Labs, Inc., based in Princeton, New Jersey, was founded in 2018 to enhance the development of scalable and secure smart contracts, particularly for applications in the gaming industry and financial services. The company's platform enables developers to create decentralized applications with greater efficiency by providing tools that facilitate the integration of a flexible second layer to their architecture. This approach allows for increased transaction capacity while maintaining privacy and reducing costs, combining the benefits of off-chain solutions with the security of on-chain methods. Offchain Labs aims to simplify the smart contract development process, enabling developers to focus on business logic and user experience.

Pintu

Series A in 2021
Developer of a mobile cryptocurrency application designed to create convenience for the crypto market. The company's application provides all the features of a crypto exchange platform and gives access to different financial services and the opportunity to safely buy, sell, manage, and utilize blockchain-based assets, enabling crypto owners to accelerate the transition towards an open financial system.

Faraway

Seed Round in 2021
Developer of blockchain-based games designed to unlock player-driven and decentralized game economies. The company develops games by leveraging blockchain technology to make hyper-social games with player-driven economies which allow players from around the world to earn tokens and rise in the leaderboards, enabling players to have a realistic and vivid gaming experience.

Eco

Series B in 2021
Eco is a digital cryptocurrency platform designed to facilitate global transactions for everyday use. It operates independently from any single organization or government, aiming to create a more equitable distribution of resources by sharing the majority of the economic value generated with its community. The platform features a digital wallet that combines savings accounts, rewarded spending, and bill payment into a single, user-friendly interface. This innovative approach encourages effective money management and aligns the interests of the company with its users, fostering a sustainable financial system. Additionally, Eco is supported by a network of verified organizations worldwide, ensuring that its services remain safe and reliable for all users.

SynFutures

Series A in 2021
SynFutures operates a decentralized derivatives platform that facilitates the trading of synthetic assets, allowing users to create and trade various digital asset pairs using a single digital token as margin. The platform aims to establish an open and trustless derivatives market by enabling trading on any asset with a price feed. By promoting a free market environment and increasing the diversity of tradable assets, SynFutures seeks to lower the barriers to entry in the derivatives market, thereby fostering a more equitable exchange for digital assets.

BitDAO

Private Equity Round in 2021
BitDAO is one of the world's newest and largest decentralized autonomous organizations, formed with the vision of leveling the economic playing field for every person in the world through the acceleration of the decentralized tokenized economy. The company allocates significant financial and talent resources to drive decentralized finance growth.

Rangers Protocol

Private Equity Round in 2021
Rangers Protocol is a future virtual world blockchain infrastructure, fully compatible with Ethereum, professionally supports NFT and complex applications, and integrates and expands cross-chain, NFT, EVM, and distributed network protocols.

AI foundation

Seed Round in 2021
Unbound Finance operates a decentralized finance platform that specializes in unlocking liquidity from automated market-making pools. By allowing users to utilize liquidity pool tokens as collateral, the platform enables the minting of synthetic assets while offering a debt-free liquidity provision system. This approach facilitates the compounding of earnings from liquidity pool tokens, enhancing the ability of users to access liquidity across various platforms. Unbound Finance serves as a treasury for these tokens, streamlining the process of unlocking capital tied up in existing liquidity pools.

Lithium Finance

Seed Round in 2021
Developer of a blockchain-based pricing platform designed for illiquid assets.The company's platform uses a Determinant-based Mutual Information (DMI) mechanism, in which participants are asked subjective multiple-choice questions to find a fair price for illiquid assets, and predicts pricing information for pre-IPO stocks, private equity, and other illiquid assets.

Lithium Finance

Seed Round in 2021
Developer of a blockchain-based pricing platform designed for illiquid assets.The company's platform uses a Determinant-based Mutual Information (DMI) mechanism, in which participants are asked subjective multiple-choice questions to find a fair price for illiquid assets, and predicts pricing information for pre-IPO stocks, private equity, and other illiquid assets.

Pintu

Series A in 2021
Developer of a mobile cryptocurrency application designed to create convenience for the crypto market. The company's application provides all the features of a crypto exchange platform and gives access to different financial services and the opportunity to safely buy, sell, manage, and utilize blockchain-based assets, enabling crypto owners to accelerate the transition towards an open financial system.

Rangers Protocol

Seed Round in 2021
Rangers Protocol is a future virtual world blockchain infrastructure, fully compatible with Ethereum, professionally supports NFT and complex applications, and integrates and expands cross-chain, NFT, EVM, and distributed network protocols.

Notional

Series A in 2021
Notional is a decentralized protocol that facilitates fixed-rate, fixed-term lending and borrowing of crypto assets on the Ethereum blockchain. The platform allows users to lend or borrow stablecoins at predetermined interest rates for terms of up to six months, utilizing a token known as fCash. This token can be redeemed for an underlying currency, such as DAI, upon its maturity. Notional features specialized liquidity pools that enable the efficient exchange between cash and fCash, with the exchange rate determining the fixed interest rate for the duration of the fCash token's life. The protocol is designed to be flexible, allowing for the addition of new assets, collateral types, and extended maturities in the future. Prioritizing security, Notional collaborates with industry experts to ensure the robustness of its smart contracts and the soundness of its economic framework.

Alchemy

Series B in 2021
Alchemy Insights, Inc. is a blockchain intelligence and infrastructure platform that serves hedge funds and financial institutions. Founded in 2013 and based in San Francisco, it offers a comprehensive suite of tools for analyzing blockchain data, including on-chain data, market trends, and community activity. The platform employs advanced machine learning techniques to help users identify entities, individuals, and currency flows on the blockchain, thereby aiding in sales, security, and strategic decision-making. Alchemy's emphasis on providing developers with essential tools allows for the creation of scalable and reliable decentralized applications without the complexities of managing blockchain infrastructure. The company is backed by notable organizations and individuals, reflecting its prominent position in the blockchain space.

GlobeDX

Seed Round in 2021
The startup, which has dubbed itself the “Coinbase for derivatives,” has built a cryptocurrency-derivative exchange that supports high-frequency trading. The platform allows crypto holders to trade global markets with bitcoin and grants users the same access to data leveraged by institutional investors.

Risk Harbor

Seed Round in 2021
Risk Harbor operates a risk management marketplace focused on decentralized finance (DeFi), providing a platform that allows liquidity providers and stakers to protect themselves against smart contract vulnerabilities. The marketplace features an automated and transparent claims process, ensuring fairness and impartiality. It enables users to create diverse pools of protection using DeFi assets and offers functionalities such as objective claims handling and risk composability. By integrating new protocols, Risk Harbor enhances clients' potential for earnings and security, allowing them to assess risk and data in a secure environment. The company's mission is to facilitate a smooth transition to decentralized financial services by eliminating the necessity for trusted intermediaries, thereby promoting a truly open and permissionless financial system for all.

Injective

Funding Round in 2021
Injective Protocol Inc. is a company that develops and operates a decentralized derivatives exchange and trading platform. Founded in 2018 and based in New York, it offers a layer-2 exchange protocol designed to enhance borderless finance. The platform supports various trading options, including margin trading, derivatives, and futures, while also enabling decentralized lending and short or long margin trading. Notably, it features mechanisms to eliminate front-running, ensuring fair liquidity sharing among users.

Virtue Poker

Seed Round in 2021
Virtue Poker is a decentralized poker platform that uses the Ethereum blockchain and peer-to-peer networking to provide an online poker site that's safe, honest, and fun.

Liquity

Series A in 2021
Liquity AG operates a decentralized borrowing protocol on the Ethereum blockchain, providing interest-free consumer loans. Founded in 2020 and based in Baar, Switzerland, the platform allows users to obtain loans by using Ethereum as collateral. The loans are issued in a USD-pegged stablecoin, with a specific minimum collateralization ratio required to secure the borrowing. By eliminating interest fees, Liquity aims to offer a more accessible and cost-effective financial solution for users seeking to leverage their Ethereum holdings.

StarkWare

Series B in 2021
StarkWare Industries Ltd, founded in 2017 and based in Netanya, Israel, specializes in developing software and hardware for generating and verifying computational integrity proofs. The company has created STARK, a zero-knowledge proof protocol that enhances scalability and privacy in blockchain applications. This technology allows for increased transaction throughput and enables off-chain computation while ensuring that sensitive underlying data remains confidential. StarkWare's solutions are designed to improve the efficiency, security, and overall user experience of blockchain systems, making them a key player in the field of cryptographic proof platforms.

BitClout

Funding Round in 2021
BitClout is an open-source social media platform that builds a Proof-of-Work blockchain for its users. BitClout is a new type of social network that speculates on people and posts with real money, and it’s built from the ground up as its own custom blockchain. Its architecture is similar to Bitcoin, only it can support complex social network data like posts, profiles, follows, speculation features, and much more at significantly higher throughput and scale.

Anchor Protocol

Venture Round in 2021
Anchor Protocol is a savings platform that provides crypto natives, fintech companies, and investors a stable, high interest rate finance. The company was founded in 2020 and is headquartered in Seoul, South Korea.

Reflexer

Venture Round in 2021
Reflexer Labs, founded in 2020 and based in the USA, is a decentralized finance project focused on reducing volatility in the financial ecosystem. The company develops a low-volatility collateral designed to create a stable foundation for decentralized finance. Its innovative product employs a volatility-dampened synthetic instrument that utilizes control theory within smart contracts. This technology allows for the automatic adjustment of collateral supply in response to market conditions, maintaining a similar chart pattern to underlying assets while exhibiting lower volatility. By doing so, Reflexer aims to help businesses minimize the risk of investment losses, contributing to a more secure and stable decentralized finance environment.

Balancer Labs

Series A in 2021
Balancer Labs operates an exchange focused on decentralized finance, providing a platform for programmable liquidity. Founded in 2018 and based in the United States, the company facilitates the exchange of tokens without the need for deposits, bids, asks, or order management. As a non-custodial portfolio manager and liquidity provider, Balancer Labs also functions as a price sensor, enabling users to manage their assets efficiently while maintaining control over their funds.

0x

Series A in 2021
0x Protocol operates an open protocol that facilitates peer-to-peer exchange of assets on the Ethereum blockchain. Founded in 2017 and based in San Francisco, the protocol serves as a standard for decentralized exchanges, promoting interoperability among applications that require exchange functionality. The offerings include 0x Instant, which allows for crypto purchasing within apps and websites, and the 0x Launch Kit, which assists in launching relayers. Additionally, ZEIP-23 enables the trading of bundles of assets. The protocol supports developers in building relayers, utilizing networked liquidity, and engaging in market making, catering to a diverse range of markets from gaming items to financial instruments.

Terra

Venture Round in 2021
Terra is a price-stable cryptocurrency designed for mass adoption. It builds financial infrastructure for the next generation of decentralized applications. Terra is backed by Luna, a decentralized asset that derives its value from transaction fees collected on the Terra network. Much like the moon stabilizes the earth’s rotation, Luna is Terra's eternal guardian of stability.

Wintermute

Series B in 2021
Wintermute Trading Limited is a global crypto market maker that specializes in proprietary trading and offers market making services to both crypto projects and exchanges. Founded in 2017 by experienced professionals from the high-frequency trading sector, the company is headquartered in London, United Kingdom. Wintermute develops its own algorithms and trading strategies, ensuring full compliance with the risk management and compliance practices of traditional financial markets. By leveraging its expertise, Wintermute plays a significant role in enhancing liquidity and efficiency within the cryptocurrency ecosystem.

1inch

Series A in 2020
1inch Limited is a company that specializes in developing decentralized protocols for cryptocurrency trading. Founded in 2019 and based in the United States, 1inch operates the 1inch Network, which includes several key protocols: the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, and the 1inch Limit Order Protocol. These protocols work together to facilitate efficient and secure trading operations in the decentralized finance (DeFi) space, allowing users to execute transactions that are both profitable and fast. Through its innovative technology, 1inch aims to enhance the trading experience for users in the growing cryptocurrency market.

GlobeDX

Venture Round in 2020
The startup, which has dubbed itself the “Coinbase for derivatives,” has built a cryptocurrency-derivative exchange that supports high-frequency trading. The platform allows crypto holders to trade global markets with bitcoin and grants users the same access to data leveraged by institutional investors.

DODO

Venture Round in 2020
DODO is a decentralized exchange that utilizes the Proactive Market Maker (PMM) algorithm to enhance capital efficiency in liquidity provision. It offers a straightforward token issuance mechanism, which is particularly beneficial for long-tail assets. By focusing on on-chain liquidity provision, DODO enables independent price discovery, allowing users to invest, issue, and trade cryptocurrency assets effectively. The platform operates primarily on Ethereum and the Smart Chain, facilitating liquidity token trading while maintaining a low barrier to entry for users.

Braintrust

Venture Round in 2020
Braintrust is a decentralized freelancer marketplace that utilizes blockchain technology to link technical and design professionals with organizations seeking their expertise. Founded in 2018 in San Jose, California, by Adam Jackson, Gabriel Luna-Ostaseski, and Brian Flynn, Braintrust offers a user-controlled talent network that enables direct connections between businesses and top tech talent. By eliminating intermediaries, the platform provides significant cost savings for enterprises, charging a flat 10 percent project fee while allowing talent to retain 100 percent of their earnings. The company's mission is to revolutionize traditional hiring practices by redistributing value and aligning incentives between talent and organizations, ultimately creating a more efficient and equitable workforce ecosystem.

PowerTrade

Seed Round in 2020
Developer of a financial platform intended to trade options, futures, perpetual, and hedges all in one place. The company's platform offers crypto options and derivatives trading services on mobile, request for quote (RFQ), a powerful tool for traders to manage risk and obtain the prices for large and complex trades, enabling professional traders to optimize profits and reduce the risk of impermanent loss.

Acala Network

Series A in 2020
Acala Network is a decentralized finance hub that operates on a blockchain-based platform, facilitating cryptocurrency transactions across blockchains linked to the Polkadot network. The platform enables users to send and receive USD while providing a suite of financial tools, including a multi-collateralized stablecoin backed by various cross-chain assets, a trustless staking derivative, and a decentralized exchange. These features enhance liquidity and support the development of innovative financial applications. Acala Network is headquartered in the United States.

Wyre

Series B in 2020
Wyre is a developer of a blockchain-based payment platform designed to change the future of how international payments are done. The company's platform provides real-time payouts, same-day transfers, and direct-to-bank transfers, enabling businesses to move money across borders from country-to-country at a competitive foreign exchange rate. Wyre's business owners can easily create an account and send money to any person or business without worrying about high foreign exchange rates, hidden fees, complicated payout timing, and high payment fees. It also provides onramps and off-ramps, foreign exchange, and crypto liquidity to users of various crypto projects including decentralized exchanges. Wyre was founded in 2013 and is headquartered in San Francisco, California, USA.

Audius

Venture Round in 2020
Audius, Inc. develops a decentralized community of artists, developers, and listeners collaborating using blockchain technology to share music. It provides features that include audio file hosting and streaming, creator dashboard, exclusinve content, listen without downloading additional software, and earn royalties. The company was incorporated in 2018 and is based in San Francisco, California.

Injective

Seed Round in 2020
Injective Protocol Inc. is a company that develops and operates a decentralized derivatives exchange and trading platform. Founded in 2018 and based in New York, it offers a layer-2 exchange protocol designed to enhance borderless finance. The platform supports various trading options, including margin trading, derivatives, and futures, while also enabling decentralized lending and short or long margin trading. Notably, it features mechanisms to eliminate front-running, ensuring fair liquidity sharing among users.

NEAR

Initial Coin Offering in 2020
NEAR Inc. is a company that develops the NEAR Protocol, a scalable blockchain platform designed for creating decentralized applications. Founded in 2017 and headquartered in San Francisco, California, NEAR Protocol supports the development of open-source software and aims to facilitate mainstream adoption of decentralized technologies. The platform offers various services, including documentation, a wallet, a development studio, and an explorer, all built to enhance user experience and development efficiency. It is engineered to handle high-value assets securely while providing the necessary scalability for a wide range of decentralized applications. NEAR's focus on ease of use for both developers and end users distinguishes it in the evolving landscape of blockchain technology.

Bounce

Venture Round in 2020
Developer of a decentralized auction protocol built for financial auctions and over-the-counter markets. The company offers a marketplace for launching and conducting various types of auctions with seamless on-chain settlements and provides a competitive swap environment, enabling users to unlock the potential of open finance.

Securrency

Series A in 2020
Securrency, Inc. is a financial technology company that specializes in the tokenized issuance and trading of securities. Established in 2015 and based in Riva, Maryland, Securrency operates additional offices in Washington, D.C., New York City, and Abu Dhabi. The company’s platform integrates legacy financial services with modern distributed ledger technologies, allowing for efficient trading of illiquid asset classes. Its protocol supports various distributed ledgers, including Ethereum and Stellar, facilitating the seamless movement of tokens both on-chain and off-chain. By focusing on security and compliance, Securrency aims to enhance the transparency, efficiency, and accessibility of financial services, connecting investors seeking returns with asset owners, startups, and fund managers in need of capital.

Eco

Seed Round in 2020
Eco is a digital cryptocurrency platform designed to facilitate global transactions for everyday use. It operates independently from any single organization or government, aiming to create a more equitable distribution of resources by sharing the majority of the economic value generated with its community. The platform features a digital wallet that combines savings accounts, rewarded spending, and bill payment into a single, user-friendly interface. This innovative approach encourages effective money management and aligns the interests of the company with its users, fostering a sustainable financial system. Additionally, Eco is supported by a network of verified organizations worldwide, ensuring that its services remain safe and reliable for all users.

Alchemy

Series A in 2019
Alchemy Insights, Inc. is a blockchain intelligence and infrastructure platform that serves hedge funds and financial institutions. Founded in 2013 and based in San Francisco, it offers a comprehensive suite of tools for analyzing blockchain data, including on-chain data, market trends, and community activity. The platform employs advanced machine learning techniques to help users identify entities, individuals, and currency flows on the blockchain, thereby aiding in sales, security, and strategic decision-making. Alchemy's emphasis on providing developers with essential tools allows for the creation of scalable and reliable decentralized applications without the complexities of managing blockchain infrastructure. The company is backed by notable organizations and individuals, reflecting its prominent position in the blockchain space.

Opentoken

Venture Round in 2019
Opentoken Inc. operates a blockchain based platform for token projects. Its platform allows users to access to discover upcoming token projects, contribute to choose projects to support, manage to track the tokens for the projects, and convert their tokens into cryptocurrencies. The company was incorporated in 2017 and is based in San Francisco, California.

Vega Protocol

Seed Round in 2019
Fully automated processes and incentives for trading margined financial products allow for markets that are open and decentralised, with pseudonymous participants.

Vega Protocol

Seed Round in 2019
Fully automated processes and incentives for trading margined financial products allow for markets that are open and decentralised, with pseudonymous participants.

Instadapp

Seed Round in 2019
Instadapp is a decentralized finance platform that simplifies interactions between various financial protocols. Founded in 2018 and based in Hyderabad, India, the company operates a blockchain-based autonomous banking portal and mobile application. Its services include lending, borrowing, leveraging, and swapping assets, allowing users to deposit cryptocurrencies and earn variable algorithmic interest over time. The platform enables users to manage and track their blockchain-based assets while analyzing their financial positions, facilitating direct borrowing and margin trading to enhance exposure.

Tlon

Venture Round in 2019
Tlon is the corporate vehicle of the open-source Urbit software stack (urbit.org). Urbit is a clean-slate reimplementation of the whole system software stack. On the bottom it's a replacement of the lambda calculus, in the middle it's a new functional programming language, on top it's a purely functional network operating system in which address space is property. Tlon owns approximately half of the entire address-space on the Urbit network. The goal is to create a new layer over the Internet the way the Internet layered over the PSTN. This layer can also earn adoption by providing Internet services. On the Internet, your Urbit ship is a general-purpose personal cloud computer which replaces the 47 special-purpose cloud silos you're currently using. Tlon's mission is to contribute to the development of Urbit, to provide hosting services for Urbit ships, and to develop other possible business applications on top of the Urbit stack.

NEAR

Series A in 2019
NEAR Inc. is a company that develops the NEAR Protocol, a scalable blockchain platform designed for creating decentralized applications. Founded in 2017 and headquartered in San Francisco, California, NEAR Protocol supports the development of open-source software and aims to facilitate mainstream adoption of decentralized technologies. The platform offers various services, including documentation, a wallet, a development studio, and an explorer, all built to enhance user experience and development efficiency. It is engineered to handle high-value assets securely while providing the necessary scalability for a wide range of decentralized applications. NEAR's focus on ease of use for both developers and end users distinguishes it in the evolving landscape of blockchain technology.

bloXroute Labs

Series B in 2019
bloXroute Labs, Inc. offers a blockchain scalability solution that enhances the capacity of cryptocurrencies and blockchains to process thousands of transactions per second without requiring protocol modifications. This solution operates beneath the consensus layer, allowing all nodes to maintain consensus over the blockchain state, regardless of transaction volume. The company's platform leverages a global network of servers optimized for performance through advanced techniques such as compression and encryption. By efficiently propagating transactions and blocks, bloXroute enables increased transaction throughput for various blockchains, making it a versatile and neutral solution for any node. Founded in 2018, bloXroute is based in Evanston, Illinois.

Meter.io

Seed Round in 2019
Meter.io is a cryptocurrency platform that focuses on resolving key challenges in the blockchain space, including volatility, scalability, and interoperability. It operates on a hybrid consensus protocol that enhances the functionality of smart contracts, allowing them to effectively scale and operate across various blockchain networks. By providing robust infrastructure, Meter.io empowers decentralized businesses to navigate the complexities of existing cryptocurrencies, facilitating smoother transactions and interactions within a multi-chain environment.

The Block

Seed Round in 2019
The Block is a prominent research, analysis, and news organization focused on the digital asset sector. Established in 2018 and headquartered in New York City, The Block operates with a team distributed across multiple time zones, enabling continuous coverage of the global cryptocurrency and blockchain landscape. The organization aims to serve as a comprehensive resource for individuals seeking to understand and navigate the evolving world of digital assets, including programmable money, distributed ledgers, and decentralized applications. Through its in-depth reporting and insights, The Block positions itself as a key player in the digital asset space.

ErisX

Series B in 2019
ErisX is a digital asset trading platform that facilitates access to both spot and futures markets for cryptocurrencies. Founded in 2018 and headquartered in Chicago, Illinois, the company integrates advanced technology and capital markets workflows to provide a reliable and compliant trading environment. ErisX's platform enables users to trade, deposit, and withdraw digital assets seamlessly, leveraging its exchange and clearinghouse capabilities to ensure robust market operations. The company aims to simplify the process of cryptocurrency trading for its clients while maintaining high standards of compliance and reliability.

Trade Ecology Token

Corporate Round in 2019
Trade Ecology Token (TDE) is a blockchain industry operator.

Flexa

Initial Coin Offering in 2019
Flexa is a payments company focused on revolutionizing transactions by enabling point-of-sale payments using cryptocurrency. Its application allows users to make purchases with various digital currencies, including bitcoin, ether, bitcoin cash, and litecoin, through a unique flex code. This system facilitates faster and more secure payments, reducing the risk of fraud and allowing consumers to choose their preferred currency without the need for liquid cash. By promoting the mass adoption of blockchain technologies, Flexa aims to create a seamless commerce experience that prioritizes transactions between individuals and businesses rather than traditional financial institutions.

Sparkswap

Series A in 2019
SparkSwap is a cryptocurrency exchange founded in 2017 and based in Atlanta, Georgia. It is notable for being the first exchange built on the Lightning Network, which facilitates peer-to-peer trading without the need for users to deposit their assets on the platform. This design significantly reduces counterparty risk and combines advantages of both centralized and decentralized exchanges. SparkSwap is primarily used by cryptocurrency miners and traders to exchange Bitcoin and Litecoin, enabling trustless transactions and enhancing security for its users by mitigating the risks associated with centralized exchanges.

Offchain Labs

Seed Round in 2019
Offchain Labs, Inc., based in Princeton, New Jersey, was founded in 2018 to enhance the development of scalable and secure smart contracts, particularly for applications in the gaming industry and financial services. The company's platform enables developers to create decentralized applications with greater efficiency by providing tools that facilitate the integration of a flexible second layer to their architecture. This approach allows for increased transaction capacity while maintaining privacy and reducing costs, combining the benefits of off-chain solutions with the security of on-chain methods. Offchain Labs aims to simplify the smart contract development process, enabling developers to focus on business logic and user experience.

Alluva

Initial Coin Offering in 2019
Alluva Inc. is a San Francisco-based company that specializes in a blockchain-based decentralized application (DApp) designed for predicting and rating crypto-assets. Founded in 2019, the platform aims to create the world's largest analyst marketplace, enhancing institutional investment in a rapidly evolving technological landscape. Alluva's model allows users to contribute insights on cryptocurrency, with rewards given in the form of tradable tokens. This incentivizes both individual contributors and expert analysts to provide accurate market analyses. The platform fosters clarity in the cryptocurrency space, helping investors avoid scams and discover promising blockchain technologies and startups. Additionally, Alluva tokens can be utilized in the Alluva Store for various products and services, further promoting the adoption of digital assets within the blockchain community.

ThunderCore

Series A in 2019
ThunderCore operates as a high-performance public blockchain that is compatible with the Ethereum Virtual Machine (EVM). It aims to enhance the scalability of decentralized applications by offering higher throughput, faster confirmation times, and lower transaction costs. The blockchain is built on innovative research conducted by Professors Shi and Pass from Cornell University, utilizing a unique consensus protocol that addresses the limitations of traditional Nakamoto consensus. This ensures fully decentralized trust while significantly boosting performance. Additionally, ThunderCore provides a crypto token designed to facilitate rapid and secure transactions, supported by a robust blockchain protocol that employs rigorous mathematical security analysis.

Wyre

Series B in 2018
Wyre is a developer of a blockchain-based payment platform designed to change the future of how international payments are done. The company's platform provides real-time payouts, same-day transfers, and direct-to-bank transfers, enabling businesses to move money across borders from country-to-country at a competitive foreign exchange rate. Wyre's business owners can easily create an account and send money to any person or business without worrying about high foreign exchange rates, hidden fees, complicated payout timing, and high payment fees. It also provides onramps and off-ramps, foreign exchange, and crypto liquidity to users of various crypto projects including decentralized exchanges. Wyre was founded in 2013 and is headquartered in San Francisco, California, USA.

ErisX

Series B in 2018
ErisX is a digital asset trading platform that facilitates access to both spot and futures markets for cryptocurrencies. Founded in 2018 and headquartered in Chicago, Illinois, the company integrates advanced technology and capital markets workflows to provide a reliable and compliant trading environment. ErisX's platform enables users to trade, deposit, and withdraw digital assets seamlessly, leveraging its exchange and clearinghouse capabilities to ensure robust market operations. The company aims to simplify the process of cryptocurrency trading for its clients while maintaining high standards of compliance and reliability.

StarkWare

Series A in 2018
StarkWare Industries Ltd, founded in 2017 and based in Netanya, Israel, specializes in developing software and hardware for generating and verifying computational integrity proofs. The company has created STARK, a zero-knowledge proof protocol that enhances scalability and privacy in blockchain applications. This technology allows for increased transaction throughput and enables off-chain computation while ensuring that sensitive underlying data remains confidential. StarkWare's solutions are designed to improve the efficiency, security, and overall user experience of blockchain systems, making them a key player in the field of cryptographic proof platforms.

Synthetic Minds

Seed Round in 2018
Synthetic Minds is a smart contract security startup. It has built automation that can read and write code using program synthesis.

Enigma

Venture Round in 2018
Enigma is a San Francisco-based company that specializes in cloud software development kits (SDK) designed to protect data-in-use. It automates and streamlines business operations, particularly for financial institutions, by facilitating compliance with anti-money laundering regulations, detecting credit card fraud, and optimizing insurance premium pricing. Enigma employs advanced privacy technologies to create a platform for scalable, end-to-end decentralized applications. A key innovation is the introduction of secret contracts, which are smart contracts that enable the use of private and sensitive data within decentralized applications and services. This combination of features enhances data sharing, access control, and secure data processing for various business needs.

Cypherium

Venture Round in 2018
Cypherium Blockchain, Inc. is a New York-based company that provides a hybrid blockchain platform designed to enhance scalability, decentralization, and commercial viability. Established in 2018, Cypherium employs a unique consensus mechanism that combines proof-of-work and Byzantine fault tolerance to achieve high transaction throughput and efficient contract execution. The platform is permissionless, allowing developers to create innovative applications while offering users an intuitive interface to access these functionalities. Additionally, Cypherium focuses on promoting financial inclusivity through protocol interoperability, delivering a distributed ledger technology that offers significant privacy and security advantages for businesses.

Audius

Series A in 2018
Audius, Inc. develops a decentralized community of artists, developers, and listeners collaborating using blockchain technology to share music. It provides features that include audio file hosting and streaming, creator dashboard, exclusinve content, listen without downloading additional software, and earn royalties. The company was incorporated in 2018 and is based in San Francisco, California.

Oasis Labs

Series A in 2018
Oasis Labs is a privacy-first cloud computing platform on blockchain technology. They are building a new computing platform that enables cloud-scale, real-world applications with decentralized trust and privacy protection; in short, a privacy-first, high-performance cloud computing platform on blockchain.

Ankr

Venture Round in 2018
Ankr Network offers a distributed cloud computing infrastructure utilizing idle resources from data centers and edge devices. Based in the United States, the company focuses on enhancing the efficiency of blockchain protocols and international public ledgers. Ankr employs Web3 technology to create a decentralized computing framework that supports businesses in their applications. This platform facilitates cross-border micropayments, promoting a sharing economy centered around distributed cloud computing. By leveraging trusted hardware, Ankr aims to provide a reliable and user-friendly environment for organizations seeking to optimize their computing resources.

TruStory

Seed Round in 2018
TruStory is a social network that enables productive debate. To make progress on any issue, we need to learn from different perspectives, find common ground, and have the humility to change our minds. Our mission is to make the Internet more open-minded by incentivizing people to hear all sides of a debate.

Basis

Initial Coin Offering in 2018
Basis is a company based in Hoboken, New Jersey, that develops an algorithmic cryptocurrency protocol aimed at stabilizing purchasing power. Founded in 2017, Basis operates a decentralized platform that algorithmically adjusts the supply of its cryptocurrency, similar to how central banks manage fiscal policy by buying and selling debt. This system allows for automatic supply adjustments without direct human intervention, effectively functioning as an algorithmic central bank. The primary goal of Basis is to maintain price stability in the cryptocurrency market, enabling users to better understand and utilize the currency.

Harbor

Venture Round in 2018
Harbor is reengineering private securities with blockchain technology to help usher in a new wave of tokenized securities backed by real-world assets, such as real estate, company equity, investment funds, and fine art. The Harbor platform, powered by its compliance protocol, is the first to ensure tokenized securities comply with existing securities laws on every trade, everywhere across the globe.

Harbor

Corporate Round in 2018
Harbor is reengineering private securities with blockchain technology to help usher in a new wave of tokenized securities backed by real-world assets, such as real estate, company equity, investment funds, and fine art. The Harbor platform, powered by its compliance protocol, is the first to ensure tokenized securities comply with existing securities laws on every trade, everywhere across the globe.

ThunderCore

Seed Round in 2018
ThunderCore operates as a high-performance public blockchain that is compatible with the Ethereum Virtual Machine (EVM). It aims to enhance the scalability of decentralized applications by offering higher throughput, faster confirmation times, and lower transaction costs. The blockchain is built on innovative research conducted by Professors Shi and Pass from Cornell University, utilizing a unique consensus protocol that addresses the limitations of traditional Nakamoto consensus. This ensures fully decentralized trust while significantly boosting performance. Additionally, ThunderCore provides a crypto token designed to facilitate rapid and secure transactions, supported by a robust blockchain protocol that employs rigorous mathematical security analysis.
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