Fundraising Fox
Fulgur Ventures
Venture capitalWilmington · Pre-Seed–Late Stage · 4 people tracked
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Investment thesis
Fulgur Ventures invests in the Bitcoin economy, treating Bitcoin as a fixed-supply, neutral monetary network on which infrastructure is being rebuilt. The firm backs founders building Bitcoin infrastructure anywhere in the world, funding companies from pre-seed through pre-IPO. Beyond capital, it offers its network and conviction. Fulgur has also launched Fulgur Asia, headquartered in Singapore with regional coverage, to support founders building Bitcoin infrastructure for the roughly four billion people between the Middle East and Australia, writing pre-seed to Series A checks into technically deep teams that can commercialise quickly.
Source: firm website, verified Aug 3, 2026.
Team · 4 people
from the firm's website & curated & public directoriesWhat they invest in
from 49 of 95 portfolio companiesCrypto & Web3 ×37Fintech ×35AI & Machine Learning ×6Gaming ×6SaaS ×6Enterprise Software ×5Consumer ×4Developer Tools ×4
HQs:United States×13Estonia×3Switzerland×2Germany×2United Arab Emirates×1Bermuda×1
Who they back
founder profiles across 18 portfolio companiesFounding team size:solo founder×82 founders×53 founders×34+ founders×2
What their founders studiedfrom 20 founders with field-of-study data
Computer Science ×7Engineering ×5Business & Management ×4Economics ×2
Where their founders worked beforefrom 22 founders with career history
Blockchain at Berkeley ×2
3 founders hold a PhD · 1 hold an MBA (of 22 with degree data)
Investments · 95 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 72024 · 12023 · 12022 · 12021 · 22020 · 22019 · 22014 · 119 dated
Utexo develops infrastructure for bringing USD Tether (USDT) to Bitcoin, leveraging RGB and Lightning Network technologies to enable Bitcoin-native stablecoin payments.
Crypto & Web3Data & InfrastructureFintech
Viktor Ihnatiuk(Co-founder)Chris Hutchinson(Co-founder)Renat Skitsan(Co-founder)
Co-investorsBig Brain HoldingsMaven 11Paper Ventures
Finpeers structures capital, credit, and liquidity for companies integrating Bitcoin into their balance sheets, and connects qualified investors and family offices to overcollateralized Bitcoin-backed financing opportunities.
Crypto & Web3Fintech
Sander Andersen(Founder & CEO)in
Meanwhile is a licensed Bitcoin-denominated life insurance company whose policies collect premiums and pay death benefits in BTC, with premiums that grow at a guaranteed rate in Bitcoin terms and the option to take Bitcoin loans against policy value.
Crypto & Web3FintechInsurTechHamilton, BM
Tia Beckmann(Chief Financial Officer)inMax Gasner(Founder)Zac Townsend(Founder)in
Co-investorsFramework VenturesGradient VenturesSam Altman6th Man VenturesHaun VenturesMouro Capital+5 more
Synota develops technology for decentralized energy systems.
AI & Machine LearningCrypto & Web3EnergyFintechPowell, US
Austin Mitchell(Chief Operating Officer & Director)inAlan Schroeder(Director)Lisa Scott(Executive Officer, Director)in
Co-investorsHivemind Ventures, LlcRev1 VenturesRecursive CapitalTrammell Venture Partners (TVP)
Wizardsardine develops Bitcoin security and custody software for individuals and institutions.
Crypto & Web3CybersecurityFintechTerceira Island, PT
Kevin LoaecinAntoine Poinsotin
Co-investorsBitcoiner VenturesPortugal VenturesAugust One
Alby provides self-custody bitcoin wallet software and infrastructure, accessible through web and mobile applications, enabling users to make payments and receive bitcoin via Lightning Network addresses without relying on centralized custodians.
Crypto & Web3Fintech
Co-investorsHivemind Ventures, Llc
Amboss provides data analytics and machine learning tools for the Bitcoin Lightning Network, offering routing optimization and risk management for merchants, consumers, and enterprise users.
AI & Machine LearningCrypto & Web3FintechPortland, US
Anthony Potdevin(Executive Officer, Director)inJesse Shrader(Executive Officer, Director)in
BoardEmanuele Rossi(ML Advisor)
Co-investorsDraper AssociatesSTILLMARK
Amboss provides analytics, node and channel explorer tools, and free utilities (invoice/LNURL decoding, fiat-BTC conversion) for the Bitcoin Lightning Network.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsSTILLMARKValor Equity PartnersDraper Associates
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AMBOSS is a digital medical knowledge platform serving doctors, medical students, and healthcare professionals worldwide with study materials, clinical reference content, and exam preparation tools.
Digital HealthEdTechHealthtechNew York, US
Madjid Salimi(Founder)inDr. Sievert Weiss(Founder)inBenedikt Hochkirchen(Founder)Benedikt Hochstein(Founder)Felicitas Pielsticker(Founder)Kenan Hasan(Founder)
Co-investorsBurda Principal InvestmentsCherry VenturesFranz Haniel & Cie. GmbHPartech VenturesProject A VenturesTarget Global+5 more
Ark Labs builds programmable finance infrastructure on Bitcoin, enabling faster settlement and global transactions.
Crypto & Web3Developer ToolsFintech
Co-investorsDraper Associates
Bipa is a Brazilian financial app that enables users to buy, sell, and manage Bitcoin and US Dollar holdings through Pix transfers and a branded credit card offering Bitcoin cashback.
Crypto & Web3FintechSão Paulo, BR
Co-investorsHivemind Ventures, LlcLightning VenturesSTILLMARK
Crypto commerce platform for real-world spending
Fintech
Sergej K.(Founder)inPatric StillerinSergej Kotliar
Co-investors3Comma Capital500 GlobalDraper AssociatesDraper Goren Blockchainnzt.capitalBoost VC
Skybox AI is an AI tool that generates skybox environments and HDRI assets for game studios and creative professionals.
AI & Machine LearningCrypto & Web3GamingIndianapolis, US
Marguerite deCourcelle(Executive Officer, Director)in
Co-investorsChain ReactionDAO JonesNarcissus VenturesRed Beard VenturesTechstars6th Man Ventures+3 more
Blockstream builds infrastructure and products for the Bitcoin ecosystem, including a wallet app for managing bitcoin and Liquid assets and a hardware wallet for self-custody.
Crypto & Web3FintechHardwareMontreal, KY
Adam Back(Founder)inAustin Hill(Founder)inErik Svenson(Founder)inHammie Hill(Director and Chief Financial Officer)inAlex Fowler(Founder)Gregory Maxwell(Founder)
Co-investorsAcequia Capital (AceCap)Blockchain CapitalDCVC (Data Collective)DG Daiwa VenturesDG Ventures, Inc.Digital Currency Group+7 more
BlueWallet is a Bitcoin wallet application focused on self-sovereignty and full user control, built with emphasis on open-source principles, privacy, and decentralization.
Crypto & Web3Fintech
Casa provides homeowners with a dedicated team that manages home maintenance and repairs, handling vendor coordination and home care decisions aligned with the homeowner's interests rather than vendor profits.
B2B MarketplacesConsumerPropTechSan Francisco, US
Michael York(Co-founder & CEO)inJameson Lopp(Founder)Jeremy Welch(Founder)Nick Neuman(Founder)
Co-investorsAdverb VenturesForerunner VenturesMaven VenturesTrue VenturesAcrew CapitalAvon Ventures+4 more
Casa provides self-custody solutions for bitcoin and stablecoins, offering multi-signature security infrastructure for both individual and institutional users.
Crypto & Web3Fintech
Nick Neuman(Founder & CEO)in
Co-investors515 VenturesAcrew CapitalBlockchain CoinvestorsChampion Hill VenturesCoinbase VenturesF-Prime Capital+11 more
Debifi provides non-custodial, Bitcoin-backed lending services that allow borrowers to use their Bitcoin holdings as collateral to secure loans while maintaining custody.
Crypto & Web3Fintech
Co-investorsTen31Concentric
Deedsats builds a self-custodial mobile wallet for statutory company shares recorded on Bitcoin using the RGB protocol, with peer-to-peer transfers settling on Bitcoin and Lightning and governance handled over Nostr.
Crypto & Web3FintechPropTech
DMarket is an online marketplace for buying, selling, and trading in-game skins and virtual items for games such as CS2, Team Fortress 2, and Rust.
E-commerceGamingMarketplacesSanta Monica, US
VOLODYMYR PANCHENKO(Executive Officer, Director)Tamara Slanova(Founder)in
Co-investorsPantera CapitalAlmaz Capital
Fold is a Bitcoin-focused fintech platform that allows users to buy Bitcoin, earn satoshis through cashback on purchases and gift card transactions, and manage funds via a debit card and mobile app.
Crypto & Web3FintechPhoenix, US
Matt Luongo(Founder)Will Reeves(Founder)
Co-investorsBessemer Venture PartnersCohen CircleCoinFundCraft VenturesSlow VenturesTen31+1 more
Foundation builds a customer experience platform for home builders and construction companies, providing native mobile apps and integrated portals to manage buyer engagement alongside back-office systems like CRMs and ERPs.
AI & Machine LearningConstruction TechEnterprise SoftwarePropTechSaaSBoulder, US
Luke Groesbeck(Founder)inDerek Schairer(Founder)inArjun Sethi(Founder)Graham Place(Founder)Mike LeBlanc(Founder)Sankaet Pathak(Founder)
Co-investorsY Combinatora16z cryptoDesigner FundFortified Ventures
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Fountain provides an applicant tracking system designed specifically for hiring hourly workers at scale.
AI & Machine LearningEnterprise SoftwareHR TechMarketplacesSaaSSan Francisco, US
Keith Ryu(Founder)inJeremy Cai(Founder)
Co-investorsB Capital GroupB4 CapitalBling CapitalCommerce VenturesCrosslink CapitalDCM Ventures+26 more
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Galoy builds Bitcoin-native banking software and infrastructure for regulated financial institutions, enabling banks to offer Bitcoin services to their customers.
Crypto & Web3Fintech
NicolasinNicolas Burtey(Founder)
Co-investorsBrad MillsHivemind Ventures, LlcKube VCTrammell Venture Partners (TVP)Valor Equity PartnersConcentric+1 more
GoSats operates a rewards platform that gives users bitcoin cashback when they make purchases at merchant partners in India.
E-commerceFintechDubai, AE
Mohammed Roshan(Founder)inRoshni Aslam(Founder)in
Co-investors2am VCDG Daiwa VenturesDraper DragonFirst Check VenturesFlucas VenturesGossamer Capital+16 more
Hideez is a passwordless authentication and single sign-on platform that replaces passwords across Windows workstations, legacy apps, and modern SSO, using methods such as QR codes, Bluetooth proximity, NFC, passkeys, and FIDO2 hardware keys with automatic workstation lock.
CybersecurityEnterprise SoftwareSaaS
Co-investorsDreamit VenturesImpera Alfa
Hoseki provides cryptographic verification of Bitcoin and digital asset holdings, letting holders generate verifiable proofs of ownership and businesses request and verify counterparty holdings without exposing addresses or sensitive data.
Crypto & Web3FintechSaaS
Sam Abbassi(CEO)inCory Wilbur(CTO and Head of Product)in
Co-investorsF-Prime CapitalSTILLMARKTen31Valor Equity PartnersAvon VenturesCastle Island Ventures
Ibex is developing a personalised, research-informed system that combines psychological insight, self-reported experience, and physiological signals (such as sleep, activity, and biometric data) to track how an individual's mental wellbeing changes over time.
Digital HealthMental HealthWellness & Fitness
Berglind Sunna Stefansdottir(Founder)
Infinite Fleet is a massively multiplayer online game set in a procedurally generated galaxy where players command a fleet in a military conflict against an alien threat.
ConsumerCrypto & Web3Gaming
Co-investorsBrad MillsBnkToTheFuture
JAN3 builds Bitcoin infrastructure and applications, focusing on accelerating Bitcoin adoption and enabling circular economies through Layer 2 technologies.
AI & Machine LearningCrypto & Web3Fintech
Samson Mow(Chief Executive Officer)inHRH Prince Filip Karađorđević(Chief Strategy Officer)Nick Szabo(Chief Scientist)Alex Bragin(Chief Technology Officer)
Co-investorsLightning Ventures
Komainu provides infrastructure and services for institutional investors to enter and operate in the digital asset ecosystem.
Crypto & Web3Enterprise SoftwareFintechJersey, GB
Paul Frost-Smith(Co-CEO)inRobert Johnson(Co-CEO and Chief Technology Officer)in
Co-investorsLaser Digital
Striga provides regulated APIs for digital asset custody, trading, banking, and card issuing, letting businesses offer crypto and fiat neobanking services (virtual IBANs, wallets, and Bitcoin/stablecoin-linked cards) without holding their own licenses.
Crypto & Web3FintechSaaSTallinn, EE
Co-investorsEmles Venture PartnersKube VC
Lendasat operates a peer-to-peer marketplace for Bitcoin-backed loans, matching borrowers who lock up Bitcoin as collateral with lenders.
Crypto & Web3FintechMarketplaces
Lexe provides a self-custodial Lightning Network application for iOS and Android, enabling users to make Bitcoin payments through self-hosted nodes running in secure hardware.
Crypto & Web3FintechFoster City, US
Max Fang(Founder)inPhilip Hayes(Founder)inMaxwell Fang(Executive Officer, Director)
Co-investorsHivemind Ventures, Llc
LN Markets is a Bitcoin derivatives trading platform that aggregates liquidity from top centralized exchanges and enables instant settlement via Bitcoin's Lightning Network.
Crypto & Web3Fintech
Co-investorsLemniscapArcane CryptoBitfinexConcentric
OpenNode builds payments infrastructure using Bitcoin for merchants and developers seeking to accept digital currency transactions globally.
Crypto & Web3Developer ToolsFintech
Co-investorsDraper AssociatesF-Prime Capital
OroPocket is a fintech platform that enables users to invest in and accumulate gold at minimal entry points, with instant digital vault storage and complimentary cryptocurrency rewards.
Crypto & Web3Fintech
Co-investorsO1exTDeFiAlphabit FundSBX CapitalStacks Accelerator
Berlin, DE
Alexander Chroust(Founder)Ferran Punet Soriano(Founder)
Co-investorsSTILLMARK
Relai operates a self-custodial mobile app for buying and selling Bitcoin, aimed at retail and business customers in Europe.
Crypto & Web3FintechSwitzerland, CH
Julian Liniger(Co-founder & CEO)inAdem Bilican(Co-founder & CTO)inImo Babics(CMO & CGO)inThomas Jeegers(CFO & COO)in
Co-investorsBrad MillsLightning VenturesPolytech Ecosystem VenturesSICTICNon Sibi Venturesredalpine+1 more
Scarce City is a marketplace for buying and selling Bitcoin-related goods using Bitcoin and Lightning Network payments, with a collateral-based auction system to ensure buyer and seller accountability.
B2B MarketplacesCrypto & Web3E-commerceMarketplaces
Chris TramountAryan JabbariChiefmonkey(Honorary founder)
Co-investorsBrad MillsLightning Ventures
Stardust is an advertising platform for mobile app and game marketers, running automated user-acquisition campaigns on iOS and Android with support for MMPs such as AppsFlyer, Adjust, Tenjin, and Singular.
AdTechGamingMarketing Tech
Marcus F.(Founder)inCanaan Linder(Founder)
Co-investorsBackedBlockchain CapitalBlockchain CoinvestorsDelta BlockchainG1 VenturesKindred Capital+7 more
STOKR provides a platform for tokenizing and issuing digital securities across asset classes—including fixed income, equities, and private funds—on the Liquid Network, serving qualified institutional investors with regulatory compliance in Luxembourg.
Crypto & Web3FintechSaaSLuxembourg, LU
Co-investorsBorderless VentureG1 Ventures
Striga provides regulated APIs for digital asset custody, trading, banking, and card issuing across 30+ countries, serving fintech platforms, neobanks, and payment service providers that want to offer crypto and fiat services without holding their own licenses.
Crypto & Web3Enterprise SoftwareFintechTallinn, EE
Prashanth Balasubramanian(Founder)in
Co-investorsBrincFronturesSTILLMARKY CombinatorArtesianBerkeley SkyDeck Fund+4 more
Sygnum is a Swiss- and Singapore-based regulated digital asset banking group serving professional and institutional investors.
Mathias Imbach Gerald Goh(Founder)
Co-investorsFenbushi CapitalMirana VenturesPolymorphic CapitalSCB 10XSwiss Founders FundVinaCapital Ventures
THNDR develops skill-based mobile games where match outcomes depend on player performance rather than chance, offering competitive head-to-head play with real prizes.
ConsumerGaming
Co-investorsLightning Ventures
Umbrel makes umbrelOS, a home server operating system with a one-click app store for self-hosting apps such as personal cloud storage, media streaming, Bitcoin/Lightning nodes, network ad-blocking, home automation, and locally-run AI models and agents.
ConsumerCrypto & Web3Hardware
Co-investorsOSS CapitalVersion One Ventures
Voltage is a Bitcoin and Lightning Network payments platform that lets businesses move Bitcoin and stablecoins with instant settlement at near-zero fees.
Crypto & Web3Data & InfrastructureDeveloper ToolsFintechWichita, US
Graham Krizek(Founder)in
Co-investorsGV (Google Ventures)STILLMARKStrategic Cyber VenturesTrammell Venture Partners (TVP)Alpha Sigma CapitalAngelDAO+15 more
ZBD is a payment service provider focused on disrupting payments in the gaming industry through globally compliant payment solutions.
Creator EconomyFintechGamingHoboken, US
Simon Cowell(Founder)inAndré Neves(Co-founder, CTO)inBen Cousens(Founder)Christian Moss(Founder)
BoardStephen McKeon(Director)inNicholas Brand(Director)
Co-investorsCollab+CurrencyTrammell Venture Partners (TVP)CadenzaLakestar
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ALTBGAmberAmihan EntertainmentBerglindeBitlumBlockrizeBreezButton WalletCoinmilesDibaElysiumElysium LabFive BellsFoldHercleHexa Wallet / BitHyveHodlHodlJIKOLayerZMeanwhileMetaBit GamesMionNayutaNexbridgeNexplaceOsmoPay with MoonPPQResolvrRevault / LianaSafMoneySatoshis Games ElixirSatsbackShock WalletSQRILSVORTSygnumTHNDRUtexo
Portfolio news
latest coverage across their companiesLN Markets · trysignalbase.com · Jun 17, 2026
GoSats · finsmes.com · Apr 7, 2026
Bitrefill · leadsontrees.com · Jul 31, 2025
Meanwhile Bitcoin backed insurance Money · finsmes.com · Apr 14, 2025
Frequently asked questions
- How many investments has Fulgur Ventures made?
- Fulgur Ventures has 95 tracked investments, 2 of which have exited, including 9 dated in the last 24 months.
- What stage does Fulgur Ventures invest at?
- Fulgur Ventures invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Fulgur Ventures focus on?
- Fulgur Ventures focuses on Crypto & Web3.
- Where is Fulgur Ventures located?
- Fulgur Ventures is headquartered in Wilmington, US.
- Does Fulgur Ventures lead rounds?
- Fulgur Ventures has led 3 of the 5 rounds where its role is on record.
- Who does Fulgur Ventures co-invest with?
- Fulgur Ventures most often shares deals with STILLMARK, Initial Capital, Hivemind Ventures, Llc, among 63 tracked co-investors.
Media · Podcasts & interviews
featuring the teamAn interview with Oleg Mikhalsky, Fulgur Ventures (TLC 2019)
World Crypto Network · Oleg Mikhalsky
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