Nascent

Nascent is a venture capital firm based in Montreal, Canada, founded in 2020. The firm specializes in investing in early-stage teams, particularly those led by visionary founders who are creating innovative companies and protocols within the cryptocurrency sector. Nascent focuses on identifying and supporting category-defining projects that have the potential to shape the future of the industry. Through strategic investments, the firm aims to foster growth and development in the rapidly evolving landscape of cryptocurrency.

Dan Elitzer

Co-Founder

Jessy Huang

Venture Partner

53 past transactions

Neutrl

Seed Round in 2025
Neutrl partners with online brands to provide a sustainable shopping experience - allow customers to remove carbon emissions from their orders.

Blu

Funding Round in 2025
Blu is using big data and AI to underwrite the underbanked population in Mexico.

Ligero

Seed Round in 2025
Ligero, Inc. specializes in developing a privacy platform that facilitates secure and private collaboration on and off blockchain technology. Incorporated in 2018 and based in Pittsford, New York, the company offers a lightweight and scalable protocol for secure multiparty computation and zero-knowledge proofs. This enables clients to engage in confidential transactions, implement private smart contracts, and conduct secure auctions for decentralized exchanges and dark pools. Additionally, Ligero supports private and verifiable machine learning, enhancing the capabilities of its platform for various applications in the blockchain ecosystem.

Cabal

Venture Round in 2025
Cabal is an innovative protocol that effectively generates revenue while operating on the robust initial layer 1 network.

Whetstone Research

Pre Seed Round in 2025
Whetstone Research is dedicated to the design and development of innovative protocols that facilitate the advancement of on-chain markets.

Reservoir

Series A in 2025
Reservoir operates an NFT aggregator platform that streamlines access to NFT data and facilitates the creation, storage, and execution of NFT orders. By normalizing the entire NFT market into a unified platform, it enables clients to enhance liquidity and trade NFTs across multiple major marketplaces through a single API. This innovative approach positions Reservoir as a key player in the next-generation NFT solutions market, providing essential tools for developers and businesses looking to integrate NFT trading capabilities into their applications.

Mevvy Network

Seed Round in 2025
Mevvy Network enables seamless MEV on any chain, reducing the barrier of entry for searchers.

Phylax Systems

Seed Round in 2024
Phylax Systems is the operator of an open-source protocol platform designed to avoid hacking. Phylax System's platform censors hacks on L2 networks and supports all Ethereum virtual machine chains, giving corporations the confidence to invest in the decentralized market.

EarthFast

Pre Seed Round in 2024
EarthFast provides cryptocurrency front-end hosting solutions. It enables projects to build and deploy decentralized apps, providing a secure alternative to traditional cloud platforms.

Sorella Labs

Seed Round in 2024
Sorella Labs is developing a solution to solve Ethereum's maximum extractable value (MEV) problems and focuses on mitigating MEV through pattern.

Khalani

Seed Round in 2024
Khalani has developed the world's first decentralized solver platform, which seeks to improve the web3 user experience through a multi-chain collaborative solution network. The platform significantly decreases the cost of creating and operating solvers.

Yup

Venture Round in 2024
Crypto social network that rewards and empowers curators

NEBRA Labs

Seed Round in 2024
NEBRA Labs is a blockchain services company.

Mezo

Series A in 2024
Mezo is a bitcoin economic layer network that provides fast and cheap bitcoin transactions to hold tokens while earning yield.

MyShell

Seed Round in 2024
MyShell is a decentralized and comprehensive platform for discovering, creating, and staking AI-native apps.

Initia Labs

Seed Round in 2024
Initia is a network for 0-to-1 omnichain rollups built by fusing a novel L1 with an interwoven application-specific L2 infrastructure system. The Initia Platform provides product ready rollups that enables teams to build scalable and sovereign systems while eliminating the UX complexities end users face when interacting with a modular multi-chain universe. Initia’s ownership of the full tech stack allows for a suite of chain-level mechanisms that align the economic interests across users, developers, L2 app chains, and the L1. Initia's initial launch products include an all-in-one portal for accessing core tools of the ecosystem, a Omnitia-ecosystem focused wallet for navigating between the L2s, a block explorer that supports InitiaVM transactions and developer tooling, and a Market Minitia that allows users to trade NFTs and create AI-generated NFT collections through prompts.

Particle

Seed Round in 2024
Particle is a permissionless decentralized leverage trading technology that may be used with any digital asset, including tokens and NFTs. The Particle protocol allows traders to borrow directly from liquidity pools at automated market makers (AMMs) with concentrated liquidity

Union Labs

Seed Round in 2023
Union Labs is a hyper-efficient, zero-knowledge interoperability layer that connects appchains. layer 1 and layer 2 networks.

Definitive

Seed Round in 2023
Definitive offers a financial management platform with cryptocurrency features and AI-powered customer support.

Spearbit

Seed Round in 2023
Spearbit is a company that connects independent security experts with Web3 projects requiring their specialized services. It offers a variety of solutions, including expert-conducted security reviews and ongoing security assessments through retainer agreements. By providing these services, Spearbit allows clients to focus on their core operations, alleviating them from time-consuming administrative tasks and the challenges of client sourcing and due diligence. This approach enhances the security posture of Web3 projects while streamlining the process for both experts and clients.

Informal Systems

Convertible Note in 2023
Informal Systems is a company that specializes in research and development at the intersection of formal verification and distributed systems. It focuses on creating distributed software systems that enhance the verifiability of formal verification by providing mathematical proof of correctness. The company offers a range of services, including technical and executive education, training, and consulting, alongside its comprehensive research and development efforts. With a strong emphasis on blockchains and distributed systems, Informal Systems aims to assist organizations in avoiding data replication and efficiently rectifying errors.

The Pulse

Seed Round in 2023
The Pulse is a media company that covers the business of sports, culture, and entertainment - with a special focus on the way athletes, executives, musicians, and entertainers, are moving the business world forward. Website http://www.thepulse.ae A subsidiary unit of NFL Investments LLC { } https://nflinvestments.com @ info@nflinvestments.com

Obol Labs

Series A in 2023
Obol Labs promotes the adoption of distributed validator technology by creating the Obol Network and its ecosystem. Its research and software development team focused on proof-of-stake infrastructure for public blockchain networks.

ML Tech

Venture Round in 2022
ML Tech, founded in 2020, operates a non-custodial investment platform that offers investors access to a carefully curated selection of systematic crypto trading strategies. The platform is designed to empower users by providing advanced risk management and reporting tools, facilitating a seamless connection between institutional investors and unique alpha opportunities within the digital asset markets. Through its separately managed account (SMA) and fund offerings, ML Tech delivers comprehensive investment solutions that enable crypto investors to engage in frequency-based trading, aiming to generate steady and consistent returns.

Skylock

Seed Round in 2022
Skylock is a Canadian post-seed startup committed to securing the future of DeFi by proactively defending against smart-contract hacks. Recognizing the industry's need for stability, Skylock leverages cutting-edge technology to detect and block malicious transactions in real-time, protecting DeFi protocols and their users. Skylock was founded in 2022 in Ottawa, Canada.

Permian Labs

Venture Round in 2022
Permian Labs was founded in 2021 by David Choi, Conor Moore and Ivan Sergeev and has raised $25m in funding from prominent venture capital funds such as DCG, Dragonfly, Ethereal, Metaversal, Nascent, Caladan, Alliance, Delphi, Fintech Collective and others. Since inception, Permian Labs has facilitated $400m in loan volume. Permian’s hardware infrastructure arm, Tactical Compute, actively operates $60m in compute oriented hardware globally.

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.

MatchboxDAO

Seed Round in 2022
MatchboxDAO operates a gaming platform focused on developing the infrastructure for on-chain games. The company provides essential developer tools, infrastructure, and open-source primitives that facilitate the creation and deployment of fully on-chain games. By offering these resources, MatchboxDAO aims to simplify the process for developers, allowing them to easily access and utilize the necessary components to build innovative gaming experiences. Additionally, the organization is actively engaged in fostering a collaborative environment, as evidenced by its initiative to host a virtual hackathon aimed at encouraging the development of tools on the Starknet network.

Hologram Labs

Seed Round in 2022
Hologram Labs is an innovative platform focused on digital identities and virtual beings. The company utilizes advancements in 3D technology, machine learning, and web3 to facilitate the creation, ownership, and engagement with immersive virtual characters and experiences within online communities. Hologram's self-expression engine transforms real-life assets into digital formats, employing motion-captured avatar technology that converts static avatars into dynamic, motion-tracked versions. This functionality is accessible through a browser extension, allowing users to animate their own avatars for video calls and create both short and long-form videos.

seedclub

Series A in 2022
Seed Club is a DAO that builds and invests in communities. We’re building a future where the value created by communities on the internet is captured by people, not platforms.

SX Network

Seed Round in 2022
SX Network operates a blockchain-based platform focused on sports betting, providing users with enhanced odds, transparency, and security for their funds. The platform integrates smart contracts with an on-chain community treasury, allowing for a decentralized prediction market that is governed by a prediction market-based system. This structure enables users to engage in sports betting while benefiting from the advantages of blockchain technology, such as improved trust and accountability in transactions. By combining these elements, SX Network aims to revolutionize the sports betting experience for its users.

LiquiFi

Seed Round in 2022
LiquiFi is a digital crypto management platform that assists cryptocurrency companies in automating their token vesting, lockups, and cap table management. By offering a streamlined solution for token management, LiquiFi allows teams to focus on their core activities instead of the complexities associated with building smart contracts, conducting audits, and manually transferring tokens. The platform also facilitates tax compliance and reporting, thereby enhancing the efficiency of managing token equity ownership in a rapidly expanding market. Trusted by leading crypto teams, LiquiFi addresses the security and compliance challenges of token management effectively.

Porter Finance

Seed Round in 2022
Porter Finance is the web’s fastest growing binary options trading platform, offering an unmatched 1500% rate of returns on maximum returns on digital options. With a fast learning curve, user friendly interface and excellent customer support, Porter Finance offers its traders the best online trading experience on the net. The binary options platform offers a wide variety of currencies, stocks, commodities and indices to trade binary options. In total, Porter Finance offers well over 100 different assets for trading options of all types. Offering one of the most comprehensive trading platforms, every investor is sure to find what they are looking for at Porter Finance. The company was formed on the principal that knowledge is power and though knowledge comes success. Launched in 2014, the company prides itself on excellent service and guarantees the best environment for success to their traders passing on their knowledge to traders in order to maximize their trading potential.

Volt Protocol

Seed Round in 2022
Volt Protocol is a natively yield bearing digital currency built on the premise that all people should have access to both the self custody and censorship benefits of cash, and the ease of transaction and yield available in the banking system. VOLT is powered by smart contracts on the Ethereum blockchain and so is non-custodial and censorship resistant.

Optimism

Series B in 2022
Optimism is a New York-based decentralized infrastructure platform founded in 2019, focused on enhancing the scalability of Ethereum through its layer 2 solutions. As a public benefit corporation, it aims to balance the financial interests of its stakeholders with the broader needs of the community and society. The platform enables developers to create scalable smart contracts and facilitates instant transactions, thereby improving access to public goods on the internet. By utilizing open-source software and zero-knowledge proofs, Optimism ensures the integrity of state updates while promoting responsible and sustainable operations in the blockchain ecosystem.

Socket

Seed Round in 2022
Socket, which acts as a meta-layer that connects all chains, enables unified, multichain applications with shared liquidity and state across chains.

Alliance DAO

Seed Round in 2021
Alliance DAO is a prominent Web3 accelerator and founder community established in 2020 and based in Morton Grove, Illinois. The organization focuses on fostering innovation within the blockchain technology sector by supporting early-stage startups and entrepreneurs. Through its accelerator program, Alliance DAO provides resources, mentorship, and networking opportunities to help businesses navigate the complexities of the Web3 landscape and achieve sustainable growth.

Saddle

Series A in 2021
Saddle Finance is an automated market maker (AMM) optimized for pegged value crypto assets.

Osmosis Foundation

Initial Coin Offering in 2021
Osmosis Foundation operates a decentralized peer-to-peer blockchain platform that facilitates the creation of liquidity and trading of IBC-enabled tokens. The platform features an advanced automated market maker (AMM) protocol, which represents a significant evolution in how liquidity providers engage with decentralized finance (DeFi). Built using the Cosmos software development kit (SDK), Osmosis allows developers to design, build, and deploy customized AMMs, enhancing the flexibility and functionality of liquidity solutions within the ecosystem. By utilizing open-source software, Osmosis promotes transparency and accessibility in the DeFi space.

Gelato

Series A in 2021
Gelato is web3’s cloud platform empowering builders to deploy their own Ethereum Rollups with a single-click. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato rollups allow anyone to build and deploy their fully serviced Layer 2 chains on Arbitrum, Optimism, Polygon, Celestia and Eigenlayer at a pace natively integrated with Web3's favorite tools and services like Gelato's industry leading smart contract automation & relaying services, Etherscan, The Graph, Pyth, Layer Zero and many more launching a production-ready web3 development environment.

RECUR

Series A in 2021
RECUR designs & develops on-chain branded experiences for fans to buy, collect, and re-sell NFTs. RECUR is chain agnostic and is fundamentally changing the NFT market by creating and setting the standard for a decentralized recurring royalty, creating the widest distribution and reach for NFTs minted on their platform. It was founded in 2021 and headquartered in Miami, Florida.

Bitwave

Seed Round in 2021
Bitwave is a financial software developer that focuses on helping companies incorporate digital assets into their accounting and operational processes. Founded in 2018 in San Francisco by Amy Kalnoki and Patrick White, the company offers a platform designed to streamline cryptocurrency tax, accounting, and compliance. Bitwave's software features tools for tax tracking, bookkeeping, decentralized finance monitoring, and managing cryptocurrency accounts receivable and payable. By integrating with various accounting software and blockchains, Bitwave enables businesses to manage their digital asset transactions more efficiently and securely.

Messari

Series A in 2021
Messari, Inc. is a New York-based company that operates a distributed data library focused on crypto assets. Founded in 2018, Messari provides comprehensive information on crypto projects, including details about funding, development history, governance, and supply schedules. The company serves both individuals and institutions by offering market intelligence products that enhance transparency and facilitate informed participation in the crypto and Web3 sectors. Its platform combines in-depth analysis, data visualization, and asset discovery tools, enabling researchers, investors, and regulators to access valuable insights and disclosure standards necessary for making well-informed decisions in the evolving cryptocurrency landscape.

Thesis

Series A in 2021
Thesis is a cryptocurrency venture studio funding and building decentralized products and protocols that enable personal empowerment. Keep (now Threshold) Network, a privacy protocol for public blockchains, Fold, for earning Bitcoin on physical and virtual purchases, Saddle, a community-owned, open-source stablecoin swap protocol, and Tally Ho, a community-owned and operated cryptocurrency wallet, are among the projects.

Etherscan

Seed Round in 2021
Etherscan is a blockchain explorer and analytics platform specifically designed for Ethereum, a decentralized smart contracts platform. Based in the United States, Etherscan offers a suite of web-based tools that allow users to explore and analyze the public Ethereum network. The platform provides access to information on confirmed transactions within the Ethereum blockchain, enabling users to track and verify these transactions. However, Etherscan does not process transactions and cannot assist with troubleshooting transaction failures. Through its services, Etherscan plays a crucial role in promoting transparency and accessibility within the Ethereum ecosystem.

Shipyard Software

Seed Round in 2021
Shipyard Software is focused on creating a variety of decentralized exchanges and tools for the cryptocurrency market, catering specifically to retail traders. Its flagship product, Clipper DEX, is designed to deliver optimal pricing for crypto trades valued under $50,000, while its latest offering, Longship, serves as a derivatives DEX that mitigates toxic order flow and allows experienced traders to access DeFi-native perpetual contracts with leverage up to 100 times. The company operates within a broader decentralized finance ecosystem governed by AdmiralDAO, which aims to promote equitable trading environments globally. Founded in 2021 and based in San Francisco, Shipyard Software seeks to enhance the trading experience for self-directed cryptocurrency traders.

PoolTogether

Series A in 2021
PoolTogether Inc. operates an Ethereum-based application that combines saving money with a gamified experience. Founded in 2019 and based in Grand Rapids, Michigan, PoolTogether features a no-loss savings game where users deposit funds that earn interest through a compound protocol. At the end of each week, participants have the chance to win the collective interest accrued, while all users can withdraw their initial deposits without any loss. This innovative platform leverages smart contracts to ensure transparency and fairness, allowing users to save money without the risks associated with traditional lotteries. By utilizing blockchain technology, PoolTogether aims to make saving accessible and engaging for its users.

Commonwealth Labs

Venture Round in 2021
Commonwealth Laboratories, Inc. operates a diagnostic laboratory that specializes in tests for functional gastrointestinal disorders. Founded in 1985 and based in San Francisco, California, the company serves as a resource platform for healthcare providers, offering specialized diagnostic solutions to aid in patient diagnosis. Additionally, Commonwealth Labs is involved in developing governance technology for decentralized organizations, providing a blockchain protocol-based system that enhances decision-making and resource allocation. This dual focus on healthcare diagnostics and innovative governance solutions positions Commonwealth Laboratories as a multifaceted entity addressing both medical and organizational needs.

XMTP

Seed Round in 2021
XMTP is an open, crypto-native communication protocol that connects communities, applications, and users. It was founded in 2021 and is based in Austin, Texas.

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.

Gro

Seed Round in 2021
Gro builds products, called protocols or autonomous programs, for a more simple and friendly DeFi experience. Gro empowers people to easily create and share wealth, by combining the best of decentralized and legacy finance.

Optimism

Series A in 2021
Optimism is a New York-based decentralized infrastructure platform founded in 2019, focused on enhancing the scalability of Ethereum through its layer 2 solutions. As a public benefit corporation, it aims to balance the financial interests of its stakeholders with the broader needs of the community and society. The platform enables developers to create scalable smart contracts and facilitates instant transactions, thereby improving access to public goods on the internet. By utilizing open-source software and zero-knowledge proofs, Optimism ensures the integrity of state updates while promoting responsible and sustainable operations in the blockchain ecosystem.

0x

Series A in 2021
0x is an open protocol that enables seamless peer-to-peer exchange of tokens on the Ethereum blockchain. It serves as a foundational standard for decentralized exchanges, promoting interoperability among various decentralized applications that feature exchange capabilities. By providing a common framework, 0x allows users to convert a wide range of assets into cryptographic tokens, facilitating efficient and decentralized trading.
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