Polychain Capital

Polychain Capital is a San Francisco-based venture capital firm that invests in blockchain technologies and the blockchain assets sector. It supports protocols and companies in the blockchain space and aims to advance the global adoption of cryptocurrencies. The firm manages actively managed portfolios of blockchain assets to generate returns for investors.

Bobby Beniers

Investor

Olaf Carlson-Wee

Managing Director

Kevin Ding

Seed Investor

Jeffrey Maganis

Investor

Ben Perszyk

Partner

Josh Rosenthal

Partner

Alexa Smith

Beacon Fund Manager

Michael Waldmann

Investor

Justin Waldron

Partner

Sven Wellmann

Research Analyst

Past deals in FinTech

Level

Seed Round in 2025
Level is a fintech company that develops stakblecoin backed by restaked dollar tokens.

Seismic

Seed Round in 2025
Seismicy enables developers to establish innovative financial partnerships and investment instruments.

Superform Labs

Venture Round in 2024
Superform is a non-custodial yield marketplace. The protocol enables access to Erc-4626 vaults using any Evmchain.

StakeStone

Seed Round in 2024
StakeStone is a technology company that develops an omnichannel liquidity protocol for optimizing crypto staking and asset management. Its protocol integrates dynamic staking networks, deep liquidity pools, and adaptive consensus mechanisms to maximize staking yields and ensure secure, transparent transactions. This enables cryptocurrency investors and developers to achieve efficient, scalable, and high-return staking operations across multiple blockchain networks.

Yellow Card

Series C in 2024
Yellow Card operates a cryptocurrency platform that enables individuals and businesses to buy, sell, and manage digital assets using local currencies and mobile money across Africa. The platform functions as a crypto exchange and payments solution, offering over-the-counter trading, merchant services, currency exchange, and crypto gift cards. It provides an on/off ramp for stablecoins such as USDT, USDC, and PYUSD through a payments API, supporting secure, cost-effective transfers and borderless transactions. The company serves customers in numerous African countries and has facilitated billions of dollars in transactions, reflecting its role in promoting financial inclusion and access to digital finance. Founded in 2016 and active in the market, Yellow Card aims to simplify crypto access for individuals and businesses through a scalable, local-currency-first approach.

Yala

Seed Round in 2024
Yala is a technology company that develops infrastructure to connect Bitcoin liquidity with a meta-yield stablecoin, enabling users to securely and transparently earn yield on their Bitcoin holdings within a DeFi ecosystem. Its modular, on-chain, and permissionless infrastructure aims to be capital-efficient, fostering a thriving and interconnected DeFi ecosystem on Bitcoin.

Apro Oracle

Seed Round in 2024
APRO Oracle specializes in providing comprehensive data support for the Bitcoin ecosystem. It is renowned for being the most widely integrated oracle within this environment. The company's core service involves accurately calculating prices by aggregating data from leading institutional-grade suppliers and exchanges, utilizing the Time-Weighted Average Price (TVWAP) method. APRO Oracle ensures data security through a decentralized network of submitter nodes and partnerships with top-tier security audit firms, allowing clients to verify multiple data points off-chain, minimizing on-chain transactions, and reducing gas costs.

Level

Seed Round in 2024
Level is a fintech company that develops stakblecoin backed by restaked dollar tokens.

Berachain

Series B in 2024
Berachain develops an Ethereum-compatible blockchain tailored for financial applications. Its core technology allows staked assets like Ether (ETH) to be utilized in decentralized finance protocols, enhancing on-chain liquidity and capital efficiency while ensuring network security.

Stream Trading

Seed Round in 2024
Stream Trading offers capital-efficient and low-latency software for optimal performance in DeFi.

Tomo

Seed Round in 2024
Tomo is an all-in-one Web3 social wallet that transforms users' online presence into a universal hub, fostering genuine, spam-free interactions and financial incentives. Tomo lets users connect directly with creators, participate in private discussions, and explore the new generation of digital art with Tomoji. Active participation earns users Tomo Points, enhancing your social capital.

Clique

Series A in 2024
Clique coordinates diverse compute resources, allocating them dynamically for general applications and smart contracts. This includes co-processors for verifiable computing on-chain data, oracles for external data sources, and specialized hardware for privacy, AI, and secure computation.

Superform Labs

Seed Round in 2024
Superform is a non-custodial yield marketplace. The protocol enables access to Erc-4626 vaults using any Evmchain.

Squid

Series A in 2024
Squid is a developer of financial software that facilitates seamless connectivity between users and developers in the cryptocurrency market. The company's platform enables the swapping of any token across different blockchains, providing a streamlined approach to accessing decentralized applications with a single click. Squid's solution includes an application programming interface and software development kit that allows for native token swaps and messaging between users and applications across various chains. This functionality empowers investors with composable, cross-chain financial logic, enhancing their ability to navigate the complex landscape of cryptocurrency liquidity and applications.

Canza Finance

Seed Round in 2024
Canza Finance is developing a decentralized finance system aimed at providing accessible financial services to the underserved populations in Africa. Its platform leverages web3 and blockchain technology, partnering with local money market players to distribute transaction-based services and create an open financial portal for emerging markets.

Bitfinity Network

Venture Round in 2024
Bitfinity Network is a creator of a blockchain platform that allows users to generate, stake, and swap tokens on their internet-connected computers. The company focuses on developing new decentralized finance (DeFi) cross-chain primitives. Its main services include research and development into cross-chain wallets that support Bitcoin and Ethereum Virtual Machine (EVM)-based chains and exchanges and automated market-making activities.

Drift

Series A in 2023
Drift Protocol is a developer of a decentralized derivatives exchange that focuses on providing on-chain, cross-margined perpetual futures trading on the Solana blockchain. The platform aims to enhance the efficiency of trading futures through an upgraded decentralized system that features a new pegging mechanism. This innovation allows users to adjust liquidity based on market demand and open interest, thereby improving the overall trading experience. Drift Protocol's approach positions its exchange as a competitive option for margin trading within the decentralized finance space.

GoldLink

Pre Seed Round in 2023
GoldLink operates a decentralized finance (DeFi) platform that facilitates on-chain, leveraged lending to borrowers. It offers risk management tools, real-time data visualization, and access to advanced investment strategies, aiming to enhance profits and transparency in the DeFi market.

Connext

Series A in 2023
Connext, Inc. is a software development company based in San Francisco, California, founded in 2017 by Arjun Bhuptani, Layne Haber, and Rahul Sethuram. The company specializes in creating an interoperability protocol that facilitates fast and fully-trustless communication between different blockchains. Its innovative technology aims to foster the formation of an interconnected network of blockchains, commonly referred to as the internet of blockchains. Additionally, Connext provides users with tools to purchase and manage blockchain applications, offering features such as direct card purchases for token acquisition, access to current vaults, decentralized compliance, and walletless signature capabilities.

Thetanuts Finance

Venture Round in 2023
Thetanuts Finance operates a DeFi platform that offers crypto derivatives, structured products and customizable vaults to generate yield. The platform serves treasury management needs for DAOs and enables retail traders to earn yield on their tokens. Its vaults simplify options trading, making complex instruments accessible and allowing users to monetize volatility in a risk-adjusted manner. The company enables access to cross-chain crypto derivatives and structured products across multiple networks, expanding options markets for native tokens and providing competitive, risk-adjusted yield opportunities.

Berachain

Series A in 2023
Berachain develops an Ethereum-compatible blockchain tailored for financial applications. Its core technology allows staked assets like Ether (ETH) to be utilized in decentralized finance protocols, enhancing on-chain liquidity and capital efficiency while ensuring network security.

Quasar Labs

Seed Round in 2023
Quasar Labs operates a digital asset management platform that simplifies investing within the multi-chain universe. The platform allows users to create and join independent asset containers, known as Vaults, which utilize inter-blockchain communication (IBC) technology to facilitate value capture across different blockchains, particularly in the Cosmos ecosystem. This innovative approach addresses the fragmentation within decentralized finance (DeFi) by providing a streamlined and secure method for investors to manage their digital assets. Quasar Labs empowers investors to efficiently design Vaults and aggregate liquidity, making it easier for them to put their digital assets to work with minimal effort.

Finterest

Seed Round in 2022
Finterest is a financial platform that operates within the web3 and decentralized finance ecosystem. It specializes in facilitating the lending and borrowing of cryptocurrencies, including Bitcoin, ICP, and stablecoins. The platform allows users to engage in cryptocurrency trading while also enabling token holders to participate in governance decisions, such as voting on future tokens to be integrated into the protocol. Finterest aims to enhance user engagement by incentivizing the utilization of its services, and it plans to incorporate Ethereum into its offerings, broadening its appeal within the digital asset market.

Tapio Protocol

Seed Round in 2022
Tapio Protocol is a synthetic asset protocol that unifies different formats of staking and crowdloan derivatives into an efficient standard. Tapio is powered by the Stable Asset system, which enables efficient trading while minimizing risk by utilizing uniform, closely pegged assets with stable swaps and stable asset capabilities.

Pine Street Labs

Seed Round in 2022
Pine Street Labs develops enterprise wallet software aimed at expanding and democratizing the use of public blockchains. The company's platform simplifies the complexities of supporting various blockchain networks, allowing enterprises to concentrate on their core business operations. Pine Street Labs offers walletOS, which enhances custody infrastructure and facilitates the management of custody operations in-house. The software is designed to accommodate new blockchain initiatives while providing functionalities such as sending, receiving, staking, and executing smart contract calls. By creating a composable developer experience with modular integrations and a well-defined API, Pine Street Labs enables businesses to execute transactions seamlessly and efficiently in mission-critical environments.

Uniswap Labs

Series B in 2022
Founded in 2018 by Hayden Adams, Uniswap Labs develops decentralized finance (DeFi) products. It specializes in creating user-friendly platforms for secure, peer-to-peer digital asset swapping, with a focus on accessibility and empowerment of liquidity providers and traders.

Juno

Series A in 2022
Juno is a cross-border banking platform that aims to give users across the world a high-yield account to grow their savings. Going live in the US, 2Juno is taking a radical approach towards creating an open and global banking system for everyone, regardless of their location or income. Juno was founded in 2019 and is headquartered in Singapore.

Yellow Card

Series B in 2022
Yellow Card operates a cryptocurrency platform that enables individuals and businesses to buy, sell, and manage digital assets using local currencies and mobile money across Africa. The platform functions as a crypto exchange and payments solution, offering over-the-counter trading, merchant services, currency exchange, and crypto gift cards. It provides an on/off ramp for stablecoins such as USDT, USDC, and PYUSD through a payments API, supporting secure, cost-effective transfers and borderless transactions. The company serves customers in numerous African countries and has facilitated billions of dollars in transactions, reflecting its role in promoting financial inclusion and access to digital finance. Founded in 2016 and active in the market, Yellow Card aims to simplify crypto access for individuals and businesses through a scalable, local-currency-first approach.

END-Labs

Seed Round in 2022
END-Labs is a blockchain development studio focused on creating Web3 lending infrastructure. The company specializes in developing a suite of blockchain-based products designed to enhance the financial landscape by connecting fiat-native borrowers with institutional decentralized finance (DeFi) capital. Its platform operates as an application-specific blockchain, facilitating the integration of various decentralized applications that function together across the blockchain ecosystem. This innovative approach enables borrowers to identify and access sources of capital with optimized costs and terms based on the assets they wish to use as collateral, thereby driving capital efficiencies in the lending process.

Aurigami

Funding Round in 2022
Aurigami operates as a decentralized, non-custodial money market protocol that enables users to lend, borrow, and earn interest on digital assets. It functions as a liquidity protocol where lenders supply capital and borrowers access over-collateralized loans, with a focus on reducing smart contract risk and liquidations, and emphasizes secure, trust-minimized custody in a DeFi environment.

Quasar Labs

Seed Round in 2022
Quasar Labs operates a digital asset management platform that simplifies investing within the multi-chain universe. The platform allows users to create and join independent asset containers, known as Vaults, which utilize inter-blockchain communication (IBC) technology to facilitate value capture across different blockchains, particularly in the Cosmos ecosystem. This innovative approach addresses the fragmentation within decentralized finance (DeFi) by providing a streamlined and secure method for investors to manage their digital assets. Quasar Labs empowers investors to efficiently design Vaults and aggregate liquidity, making it easier for them to put their digital assets to work with minimal effort.

Sunscreen

Seed Round in 2022
Sunscreen develops advanced privacy technology, specializing in fully homomorphic encryption. Its platform enables engineers to perform complex computations directly on encrypted data without decryption, ensuring the protection of sensitive information while allowing operations on that data.

CoinDCX

Series D in 2022
Founded in 2018, CoinDCX specializes in crypto-enabled financial services. It focuses on developing borderless financial services for simplified capital flow, offering powerful wallets and robust security. The company empowers traders with industry-first products tailored to individual trading experiences, risk tolerances, and frequencies. Its mission is to democratize finance and make investments accessible to everyone.

Gauntlet

Series B in 2022
Gauntlet is a financial modeling and simulation company focused on enhancing the safety and efficiency of blockchain protocols and smart contracts. Through its advanced platform, Gauntlet employs agent-based simulation techniques to analyze and optimize key parameters of various protocols. This approach allows the company to model market risks and economic incentives effectively, helping clients improve their capital efficiency and maximize returns for stakeholders while minimizing associated risks. By driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, Gauntlet plays a crucial role in enhancing the financial performance of businesses in the blockchain space.

Structure

Seed Round in 2021
Structure operates a global trading platform designed for mobile users to facilitate crypto-based investing and lending. Its platform enables investors of all experience levels to trade assets securely, with around-the-clock access and hands-on support.

Spectral

Venture Round in 2021
Spectral, established in 2020 and headquartered in New Rochelle, New York, specializes in developing an AI-driven platform for creating and deploying sophisticated smart contracts. This platform facilitates the generation of complex smart contracts using natural language, expediting development time and minimizing errors.

Sommelier

Series A in 2021
Sommelier is a decentralized finance platform built on the Cosmos Stargate SDK with a Tendermint-based consensus layer and a bi-directional Ethereum bridge, operated by a global network of validators. It enables liquidity providers to author and execute automated, complex financial transactions such as portfolio rebalancing and limit orders, offering features traditionally associated with centralized finance but within DeFi. The platform uses a modular protocol and decentralized governance to manage automated signature processes and cross-chain interactions, supporting secure, programmable trading and liquidity management.

Solend

Seed Round in 2021
Solend is a decentralized finance platform for borrowing and lending crypto assets on the Solana blockchain. It enables users to lend funds or borrow against collateral, expanding opportunities for Solana holders to participate in the market. The platform aims to streamline the lending process by letting users choose to lend or borrow, primarily dealing with stablecoins and Solana's native token.

Yellow Card

Series A in 2021
Yellow Card operates a cryptocurrency platform that enables individuals and businesses to buy, sell, and manage digital assets using local currencies and mobile money across Africa. The platform functions as a crypto exchange and payments solution, offering over-the-counter trading, merchant services, currency exchange, and crypto gift cards. It provides an on/off ramp for stablecoins such as USDT, USDC, and PYUSD through a payments API, supporting secure, cost-effective transfers and borderless transactions. The company serves customers in numerous African countries and has facilitated billions of dollars in transactions, reflecting its role in promoting financial inclusion and access to digital finance. Founded in 2016 and active in the market, Yellow Card aims to simplify crypto access for individuals and businesses through a scalable, local-currency-first approach.

Orca

Series A in 2021
Orca is a decentralized cryptocurrency exchange built on the Solana blockchain, facilitating instant token swaps with minimal transaction fees. The platform is designed to handle thousands of transactions per second, ensuring low latency and capital-efficient trading. Users can exchange tokens while receiving fair pricing and have the option to provide liquidity to trading pools, allowing them to earn a share of the trading fees generated on the platform.

Ava Labs

Initial Coin Offering in 2021
Ava Labs simplifies finance application development using blockchain technology. It offers highly scalable networks, customizable public/private blockchains, and digital asset creation capabilities.

Credora

Series A in 2021
Credora enhances credit markets by employing privacy-focused technology for real-time credit analytics. It has facilitated over $1 billion in uncollateralized loans across numerous borrowers and lenders, enabling well-capitalized entities to secure transparent financing.

Nirvana

Series A in 2021
Nirvana is an AI-native financial infrastructure shaping the future of Agentic DeFi. - Redefining DeFi with AI Agents – Nirvana builds AI frameworks for DEFAI agents to maximize capital efficiency - AI-Native On-Chain Protocols – Empowering DEFAI agents with AI-native protocols to autonomously launch innovative financial instruments and optimize strategies

Kresko

Seed Round in 2021
Kresko develops an online capital platform for synthetic stocks, commodities, and crypto, with the goal of making wealth accessible on mobile. The company provides an asset protocol featuring a per-account data model that enables developers to integrate digital assets into applications and wallets, while improving capital efficiency, user experience, asset listing, and risk management. Its platform offers a unified DeFi experience that supports minting, swapping, pooling, and farming of assets, and includes portfolio health indicators to monitor risk. By building on its protocol, developers can deliver asset-backed functionality within their apps and wallets, expanding access to diverse digital assets and simplifying how users interact with them.

CoinDCX

Series C in 2021
Founded in 2018, CoinDCX specializes in crypto-enabled financial services. It focuses on developing borderless financial services for simplified capital flow, offering powerful wallets and robust security. The company empowers traders with industry-first products tailored to individual trading experiences, risk tolerances, and frequencies. Its mission is to democratize finance and make investments accessible to everyone.

Valora

Series A in 2021
Valora is a mobile crypto wallet that aims to simplify the use of cryptocurrencies and decentralized finance for individuals around the world. Its platform is designed for accessibility, allowing users, even those with basic smartphones, to send, save, and spend crypto with the same ease as sending a text message. Valora's application emphasizes user-friendly navigation while ensuring robust cryptographic security and privacy features, enabling secure money transfers across borders with a simple tap. By leveraging blockchain technology, Valora seeks to empower the estimated 6 billion smartphone users globally, making digital currencies practical and usable in everyday transactions.

SynFutures

Series A in 2021
SynFutures is a decentralized derivatives platform focused on synthetic assets, enabling the creation and trading of diverse asset pairs with a single digital token as margin. It aims to open and democratize the derivatives market by supporting trading on anything with a price feed in a trustless, open environment, thereby increasing liquidity and lowering entry barriers. The platform facilitates free creation of tradable assets to foster a more equitable digital assets exchange for participants.

Umee

Seed Round in 2021
Umee is the most programmable, safety-first lending algorithm built as a blockchain that enables seamless borrowing and lending of digital assets between distinct blockchain ecosystems. Umee is reshaping the global debt markets in Web3.

Nirvana

Seed Round in 2021
Nirvana is an AI-native financial infrastructure shaping the future of Agentic DeFi. - Redefining DeFi with AI Agents – Nirvana builds AI frameworks for DEFAI agents to maximize capital efficiency - AI-Native On-Chain Protocols – Empowering DEFAI agents with AI-native protocols to autonomously launch innovative financial instruments and optimize strategies

Gauntlet

Series A in 2021
Gauntlet is a financial modeling and simulation company focused on enhancing the safety and efficiency of blockchain protocols and smart contracts. Through its advanced platform, Gauntlet employs agent-based simulation techniques to analyze and optimize key parameters of various protocols. This approach allows the company to model market risks and economic incentives effectively, helping clients improve their capital efficiency and maximize returns for stakeholders while minimizing associated risks. By driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, Gauntlet plays a crucial role in enhancing the financial performance of businesses in the blockchain space.

ORIGYN Foundation

Venture Round in 2021
ORIGYN Foundation develops biometric digital certificates that prove the authenticity, identity, and ownership of valuable objects, with data stored on the blockchain in perpetuity. Founded in 2020 and based in Switzerland, the company integrates decentralized technologies, artificial intelligence, and machine learning to combat counterfeiting. Its solutions enable on-device authentication and verifiable credentials for high-value items, supporting brands, collectors, and marketplaces by confirming provenance and reducing illicit trade.

Cozy Finance

Series A in 2021
Cozy Finance, Inc. is a Seattle-based company that specializes in developing risk management software tailored for the decentralized finance (DeFi) sector. Founded in 2020, the company offers a permissionless, peer-to-peer protection solution that enables users to invest in DeFi while safeguarding their assets against potential hacks and exploits. Additionally, Cozy Finance allows users to deposit funds, which can then be utilized by others for protected investing. By providing innovative tools and solutions, Cozy Finance aims to enhance the security and value management of cryptocurrency investments for developers and investors alike.

Matrixport

Series C in 2021
Matrixport is a comprehensive platform offering digital asset services, including trading, investing, leveraging, and secure custody for cryptocurrencies.

Greenwood Finance

Seed Round in 2021
Greenwood Labs operates as a decentralized finance platform that aims to optimize the borrowing experience for cryptocurrency users. The platform helps borrowers reduce their interest payments by automatically sourcing loans from lending protocols with the lowest available interest rates. By integrating and comparing the diverse offerings of various decentralized lending protocols, Greenwood Labs simplifies the borrowing process through a user-friendly, protocol-agnostic interface. Additionally, the company has developed a web application designed to enhance customer support for web3 users. This application replaces traditional communication channels like Discord with a more efficient customer support system that leverages artificial intelligence tools. By consolidating essential support resources into a single platform, Greenwood Labs enables decentralized finance teams to address and resolve customer inquiries more effectively and quickly.

Connext

Seed Round in 2021
Connext, Inc. is a software development company based in San Francisco, California, founded in 2017 by Arjun Bhuptani, Layne Haber, and Rahul Sethuram. The company specializes in creating an interoperability protocol that facilitates fast and fully-trustless communication between different blockchains. Its innovative technology aims to foster the formation of an interconnected network of blockchains, commonly referred to as the internet of blockchains. Additionally, Connext provides users with tools to purchase and manage blockchain applications, offering features such as direct card purchases for token acquisition, access to current vaults, decentralized compliance, and walletless signature capabilities.

Overlay Foundation

Seed Round in 2021
Building Overlay, The Trade Everything Engine

Maple Finance

Venture Round in 2021
Maple Finance operates a capital-efficient corporate debt marketplace that connects institutions seeking loans with liquidity pools funded by the decentralized finance (DeFi) ecosystem. The platform employs a peer-to-pool model, allowing experienced investors to manage these liquidity pools while providing borrowers, such as crypto corporates, market makers, exchanges, and miners, with access to tailored loans. By facilitating this process, Maple Finance enables institutions to efficiently secure capital while offering investors the opportunity to participate in a diversified and high-yielding portfolio of corporate and institutional loans.

River

Series A in 2021
River Financial Inc. is a financial technology company based in San Francisco, California, founded in 2019 by Alexander Leishman and Andrew Benson. The company specializes in providing a platform for individuals and institutions to buy, manage, and sell bitcoin. Its flagship product is a Bitcoin brokerage designed for sophisticated retail investors, offering a high-touch service that prioritizes security and client experience. River Financial's platform includes tools for investment performance, such as cost basis tracking, catering to the needs of its clients in the evolving cryptocurrency market.

DFX Finance

Seed Round in 2021
DFX Finance is a decentralized finance exchange protocol on the Ethereum blockchain that enables the trading of fiat-backed stablecoins. It uses a tuned bonding curve and real-world price feeds to provide a structured, decentralized trading experience for stablecoins such as USDC, CADC, EURS, and XSGD, supporting a broad range of blockchain-powered DeFi applications.

Parsec Finance

Seed Round in 2021
Parsec Finance is a decentralized finance (DeFi) and analytics platform established in 2020 by Will Sheehan, located in Concord, Massachusetts. The platform aims to deliver an experience akin to that of a professional brokerage account, but without the complexities associated with custody. Parsec Finance provides real-time data and insights through a comprehensive suite of tools, including charting, portfolio management, and risk assessment features. Additionally, it offers access to on-chain data and relevant news articles, empowering users to gain a deeper understanding of the DeFi market and make informed trading decisions. The platform targets traders and data-focused individuals looking for efficient and user-friendly resources in the evolving DeFi landscape.

CoinDCX

Series B in 2020
Founded in 2018, CoinDCX specializes in crypto-enabled financial services. It focuses on developing borderless financial services for simplified capital flow, offering powerful wallets and robust security. The company empowers traders with industry-first products tailored to individual trading experiences, risk tolerances, and frequencies. Its mission is to democratize finance and make investments accessible to everyone.

Liquity

Seed Round in 2020
Liquity is a decentralized borrowing platform operating on the Ethereum blockchain. It facilitates interest-free loans by using Ether as collateral.

Acala Network

Series A in 2020
Acala Network is a blockchain-based platform focused on decentralized finance and stablecoin solutions. Based in the United States, it facilitates cross-blockchain transactions, allowing users to send and receive USD across various blockchains connected to the Polkadot network. The platform offers a range of financial tools, including a multi-collateralized stablecoin backed by diverse cross-chain assets, a trustless staking derivative, and a decentralized exchange. These features are designed to enhance liquidity and support the development of innovative financial applications, making transactions more convenient and secure for users.

Yellow Card

Seed Round in 2020
Yellow Card operates a cryptocurrency platform that enables individuals and businesses to buy, sell, and manage digital assets using local currencies and mobile money across Africa. The platform functions as a crypto exchange and payments solution, offering over-the-counter trading, merchant services, currency exchange, and crypto gift cards. It provides an on/off ramp for stablecoins such as USDT, USDC, and PYUSD through a payments API, supporting secure, cost-effective transfers and borderless transactions. The company serves customers in numerous African countries and has facilitated billions of dollars in transactions, reflecting its role in promoting financial inclusion and access to digital finance. Founded in 2016 and active in the market, Yellow Card aims to simplify crypto access for individuals and businesses through a scalable, local-currency-first approach.

Credora

Seed Round in 2020
Credora enhances credit markets by employing privacy-focused technology for real-time credit analytics. It has facilitated over $1 billion in uncollateralized loans across numerous borrowers and lenders, enabling well-capitalized entities to secure transparent financing.

KeeperDAO

Seed Round in 2020
KeeperDAO is a decentralized finance protocol that facilitates large-scale arbitrage and liquidation trades across various DeFi platforms on the Ethereum blockchain. The company develops an on-chain liquidity underwriter engine that enables participants to engage in communal liquidity pools, allowing them to collaborate on margin trading and lending strategies. By pooling capital into Ethereum smart contracts, users can collectively seize on-chain opportunities, such as liquidating positions or taking advantage of price discrepancies between different platforms. KeeperDAO promotes a collaborative environment where both Keepers and liquidity providers benefit from economies of scale, sharing profits and reducing competition through incentivized participation.

River

Seed Round in 2020
River Financial Inc. is a financial technology company based in San Francisco, California, founded in 2019 by Alexander Leishman and Andrew Benson. The company specializes in providing a platform for individuals and institutions to buy, manage, and sell bitcoin. Its flagship product is a Bitcoin brokerage designed for sophisticated retail investors, offering a high-touch service that prioritizes security and client experience. River Financial's platform includes tools for investment performance, such as cost basis tracking, catering to the needs of its clients in the evolving cryptocurrency market.

CoinDCX

Series A in 2020
Founded in 2018, CoinDCX specializes in crypto-enabled financial services. It focuses on developing borderless financial services for simplified capital flow, offering powerful wallets and robust security. The company empowers traders with industry-first products tailored to individual trading experiences, risk tolerances, and frequencies. Its mission is to democratize finance and make investments accessible to everyone.

Acala Network

Seed Round in 2020
Acala Network is a blockchain-based platform focused on decentralized finance and stablecoin solutions. Based in the United States, it facilitates cross-blockchain transactions, allowing users to send and receive USD across various blockchains connected to the Polkadot network. The platform offers a range of financial tools, including a multi-collateralized stablecoin backed by diverse cross-chain assets, a trustless staking derivative, and a decentralized exchange. These features are designed to enhance liquidity and support the development of innovative financial applications, making transactions more convenient and secure for users.

CoinDCX

Series A in 2020
Founded in 2018, CoinDCX specializes in crypto-enabled financial services. It focuses on developing borderless financial services for simplified capital flow, offering powerful wallets and robust security. The company empowers traders with industry-first products tailored to individual trading experiences, risk tolerances, and frequencies. Its mission is to democratize finance and make investments accessible to everyone.

StakerDAO

Series A in 2020
StakerDAO, Inc. is a company that develops a platform for the decentralized governance of financial assets, ensuring security and compliance. Founded in 2019 and based in Palo Alto, California, StakerDAO focuses on creating products for on-chain governance, cross-chain synthetics, and tokenized real-world assets. The company offers STKR, a governance token that operates under a newly developed token standard, enabling holders to submit proposals and elect members of the Staker Council. Additionally, StakerDAO manages a collection of decentralized finance products, all governed through a structured decision-making process known as Staker Agora. The Staker Ops Team collaborates with the community to refine ideas into formal governance proposals, fostering a participatory environment for stakeholders while promoting innovation in decentralized finance.

Matrixport

Venture Round in 2019
Matrixport is a comprehensive platform offering digital asset services, including trading, investing, leveraging, and secure custody for cryptocurrencies.

Compound

Series A in 2019
Compound is an open-source protocol operating a decentralized finance lending platform. It facilitates real-time money markets by algorithmically adjusting interest rates based on asset-specific supply and demand. Compound enables users to deposit crypto assets as collateral, borrow base assets, and earn interest on their deposits within the DeFi ecosystem.

Juno

Seed Round in 2019
Juno is a cross-border banking platform that aims to give users across the world a high-yield account to grow their savings. Going live in the US, 2Juno is taking a radical approach towards creating an open and global banking system for everyone, regardless of their location or income. Juno was founded in 2019 and is headquartered in Singapore.

Founders Bank

Venture Round in 2019
Founders Bank is a corporate challenger bank focused on servicing the technology sector, particularly businesses involved in blockchain and emerging technologies. The bank aims to deliver banking services through an advanced technology platform, prioritizing customer experience alongside robust anti-money laundering (AML) and know your customer (KYC) protocols. Currently, Founders Bank is in the process of obtaining a full European Union banking license, regulated by the Malta Financial Services Authority and the European Central Bank, positioning itself to meet the specialized banking needs of tech and cryptocurrency companies.

StakerDAO

Seed Round in 2019
StakerDAO, Inc. is a company that develops a platform for the decentralized governance of financial assets, ensuring security and compliance. Founded in 2019 and based in Palo Alto, California, StakerDAO focuses on creating products for on-chain governance, cross-chain synthetics, and tokenized real-world assets. The company offers STKR, a governance token that operates under a newly developed token standard, enabling holders to submit proposals and elect members of the Staker Council. Additionally, StakerDAO manages a collection of decentralized finance products, all governed through a structured decision-making process known as Staker Agora. The Staker Ops Team collaborates with the community to refine ideas into formal governance proposals, fostering a participatory environment for stakeholders while promoting innovation in decentralized finance.

CoinFLEX

Venture Round in 2019
CoinFLEX is a cryptocurrency derivatives exchange and yield platform that specializes in trading crypto assets, including Bitcoin. The company offers a physically delivered crypto futures exchange designed to address shortcomings in cash-settled contracts, allowing for high leverage trading that minimizes risks associated with index or settlement manipulation. CoinFLEX provides innovative yield products, notably flexUSD, the first interest-earning stablecoin, and AMM+, an automated market maker that emphasizes capital efficiency. The platform aims to streamline and secure the trading and management processes for professional proprietary trading firms, hedge funds, and institutions operating in the cryptocurrency sector. Backed by notable figures and institutions in the crypto industry, CoinFLEX is committed to enhancing the trading experience in global cryptocurrency markets.

Altonomy

Seed Round in 2019
Altonomy is a trading, advisory, and asset management firm focused on cryptocurrency and digital assets. It operates an institutional-grade sell-side desk that provides 24/7 OTC trading and execution, liquidity management, and advisory services to institutional clients, aiming to deliver deep liquidity and best execution across crypto assets. The company maintains a broad network of partners with token issuers, exchanges, hedge funds, and other funds to support liquidity and market access. Its services are organized into OTC trading and execution, liquidity management and advisory, and institutional cloud mining (AltMiner), a cloud-based program for long-term exposure to bitcoin. Altonomy also supports moving funds between exchanges, wallets, and counterparties, serving a global client base that includes institutions, funds, and sophisticated investors. The firm operates internationally, combining trading, advisory, and asset management capabilities on a single platform to navigate primary and secondary token markets.

CoinFLEX

Seed Round in 2019
CoinFLEX is a cryptocurrency derivatives exchange and yield platform that specializes in trading crypto assets, including Bitcoin. The company offers a physically delivered crypto futures exchange designed to address shortcomings in cash-settled contracts, allowing for high leverage trading that minimizes risks associated with index or settlement manipulation. CoinFLEX provides innovative yield products, notably flexUSD, the first interest-earning stablecoin, and AMM+, an automated market maker that emphasizes capital efficiency. The platform aims to streamline and secure the trading and management processes for professional proprietary trading firms, hedge funds, and institutions operating in the cryptocurrency sector. Backed by notable figures and institutions in the crypto industry, CoinFLEX is committed to enhancing the trading experience in global cryptocurrency markets.

Dharma Labs

Series A in 2019
Dharma Labs Inc. is a company based in San Francisco, California, that specializes in developing a suite of smart contracts and tools for the issuance and crowdfunding of debt on blockchain technology. Established in 2017, Dharma Labs provides a decentralized protocol that facilitates the origination, risk assessment, and underwriting of peer-to-peer loans, allowing for innovation in the lending industry. Its platform supports a variety of applications, enabling entrepreneurs to create lending companies that leverage blockchain capabilities for consumer lending, margin lending, and crowdfunding municipal bonds. By promoting open and permissionless development, Dharma Labs aims to transform traditional lending practices through its tokenized debt agreements.

Ava Labs

Series A in 2019
Ava Labs simplifies finance application development using blockchain technology. It offers highly scalable networks, customizable public/private blockchains, and digital asset creation capabilities.

Anchorage Digital

Series A in 2019
Anchorage Digital is a regulated crypto platform that provides institutions with integrated custody, trading, staking, governance, and regulatory-compliance infrastructure for digital asset programs. Founded in 2017 and headquartered in San Francisco, it serves institutional clients globally with a secure, compliant framework and services designed to simplify oversight and asset management.

Coinbase

Series E in 2018
Founded in 2012, Coinbase operates a platform enabling merchants and consumers to buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and Litecoin. It offers products such as Coinbase Wallet, USD Coin, Coinbase Pro, and custody services. The company is headquartered in San Francisco.

Gauntlet

Seed Round in 2018
Gauntlet is a financial modeling and simulation company focused on enhancing the safety and efficiency of blockchain protocols and smart contracts. Through its advanced platform, Gauntlet employs agent-based simulation techniques to analyze and optimize key parameters of various protocols. This approach allows the company to model market risks and economic incentives effectively, helping clients improve their capital efficiency and maximize returns for stakeholders while minimizing associated risks. By driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, Gauntlet plays a crucial role in enhancing the financial performance of businesses in the blockchain space.

LoanScan

Seed Round in 2018
LoanScan provides analytics for loans and other financial instruments issued via open finance protocols on permissionless blockchains (Ethereum). We serve fixed-income investors, borrowers, analysts, crypto funds, financial institutions, and financial application developers. Our team of capital markers analysts and software engineers analyze blockchains and provide accurate real-time information on loan issuances, interest rates, collateral ratios, repayments, loan portfolio composition, etc. for recent and historical transactions.

Origo

Series A in 2018
Origo Network is a developer of a decentralized platform focused on preserving data privacy for various applications. By utilizing zero-knowledge proofs, the platform ensures that transaction details and smart contract inputs and outputs remain confidential, addressing concerns about sensitive information in the blockchain space. This capability allows users to create and execute smart contracts without exposing private data to the public. Origo serves multiple sectors, including finance, insurance, supply chain, personal data management, and artificial intelligence, fostering broader adoption of blockchain technology among businesses and individuals wary of data security. The platform is designed to be accessible for developers, as it provides a compiler that generates cryptographic protocols without requiring specialized knowledge in cryptography. Based in the United States, Origo Network aims to establish a new standard for privacy, security, and fairness in decentralized applications.

Compound

Seed Round in 2018
Compound is an open-source protocol operating a decentralized finance lending platform. It facilitates real-time money markets by algorithmically adjusting interest rates based on asset-specific supply and demand. Compound enables users to deposit crypto assets as collateral, borrow base assets, and earn interest on their deposits within the DeFi ecosystem.

Basis

Initial Coin Offering in 2018
Basis is a company based in Hoboken, New Jersey, founded in 2017. It specializes in developing an algorithmic cryptocurrency protocol designed to regulate supply and maintain purchasing power. The protocol functions similarly to the operations of traditional central banks, which manage fiscal debt to stabilize economic conditions. Basis employs sophisticated algorithms to expand or contract the cryptocurrency's supply in response to market demands, ensuring its value remains stable over time.

Ren

Initial Coin Offering in 2018
Ren is an open protocol that facilitates the transfer of value between different blockchains, enhancing interoperability within decentralized finance (DeFi). Its primary product, RenVM, supports multi-chain operations and allows for large-volume cryptocurrency trading through hidden order books. This infrastructure is designed to enable traders to execute private and cross-chain trades while minimizing market impact. Founded in 2007 and based in Singapore, Ren aims to provide a decentralized dark pool exchange protocol that allows for atomic swaps between cryptocurrency pairs on the Bitcoin and Ethereum blockchains, ensuring that order details remain confidential.

Polkadot

Initial Coin Offering in 2017
Polkadot is an interoperability protocol that enables independent blockchains to securely exchange data and assets. It facilitates communication between these chains, enforcing message order and validity, and offers scalability by supporting multiple state machines.

Dharma Labs

Seed Round in 2017
Dharma Labs Inc. is a company based in San Francisco, California, that specializes in developing a suite of smart contracts and tools for the issuance and crowdfunding of debt on blockchain technology. Established in 2017, Dharma Labs provides a decentralized protocol that facilitates the origination, risk assessment, and underwriting of peer-to-peer loans, allowing for innovation in the lending industry. Its platform supports a variety of applications, enabling entrepreneurs to create lending companies that leverage blockchain capabilities for consumer lending, margin lending, and crowdfunding municipal bonds. By promoting open and permissionless development, Dharma Labs aims to transform traditional lending practices through its tokenized debt agreements.

DogeOS

DogeOS is a software company that develops a blockchain-based application layer for the Dogecoin ecosystem. Its platform supports multiple programming languages and virtual machines, enabling developers to create various applications. It also includes a wallet for social interaction features and infrastructure for decentralized zones with support for both fiat and crypto currencies, facilitating Web3 development and user interaction.

Gauntlet

Gauntlet is a financial modeling and simulation company focused on enhancing the safety and efficiency of blockchain protocols and smart contracts. Through its advanced platform, Gauntlet employs agent-based simulation techniques to analyze and optimize key parameters of various protocols. This approach allows the company to model market risks and economic incentives effectively, helping clients improve their capital efficiency and maximize returns for stakeholders while minimizing associated risks. By driving sustainable growth for leading crypto protocols, chains, and on-chain treasuries, Gauntlet plays a crucial role in enhancing the financial performance of businesses in the blockchain space.
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