Initial Capital — Full Portfolio

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-investorsFulgur VenturesHivemind Ventures, Llc

Amihan is an interactive entertainment studio that develops games, including the farm game Farm Frens and an upcoming title called Everseed.

ConsumerGamingMedia & EntertainmentLos Angeles, US

Naomi McArthur(Founder)Paul Loy(Founder)

Co-investorsHash3 CapitalTransLink Capital

Antidote invests in and builds Bitcoin startups and operates a coworking hub and community space where Bitcoin builders, investors, media, and policymakers meet, host events, and make deals.

Crypto & Web3PropTech

AppGyver is a no-code platform for building web and mobile applications with visual development tools and cloud backend functions.

Cloud ComputingDeveloper ToolsSaaSSan Francisco, US

Marko Sakari Lehtimaki(Executive Officer, Director)MARKO SAKARI LEHTIMAKI(Executive Officer, Director)Henri Samuel Vahakainu(Executive Officer)

BoardPatrik Olof Backman(Director)inTommi Markus Uhari(Director)inKRISTIAN SEGERSTRALE(Director)

Co-investorsOpenOceanKarma Ventures

Co-investors3VC

Quest Analytics provides cloud-based software and services for healthcare provider network management, including its Quest Enterprise Services (QES) platform for measuring, monitoring, and modeling network adequacy, compliance, performance, and provider data accuracy.

Digital HealthHealthtechSaaSSan Francisco, US

Ari Tulla(Executive Officer, Director)Tapio Tolvanen(Director)

BoardMohamad Makhzoumi(Director)Jean-Francois Clavier(Director)Jaakko Kokko(Director)

Co-investorsCommerce VenturesHealth Catalyst CapitalLifeline VenturesMetaplanetTEXO VenturesUncork Capital

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, LlcSTILLMARK

Bringin is a Bitcoin-to-euro platform offering a self-custody Lightning wallet, a personal virtual IBAN for instant bank transfers, and Visa debit cards that let users spend Bitcoin at merchants worldwide.

Crypto & Web3Fintech

Prashanth C(Founder & CEO)

BUX is a European neobroker offering an investing app where retail users can buy stocks, ETFs and ETCs, automate contributions via investment plans, access model portfolios, and earn interest on uninvested cash.

ConsumerFintech

Co-investorsFinch CapitalVelocity Fintech Ventures

Code Kingdoms offers online, self-paced coding courses that teach children ages 8-14 to program Minecraft mods (in Java) and Roblox games (in Lua) through interactive video tutorials and a web-based code editor.

EdTechGamingSaaSLondon, GB

Ross Targett(Cofounder)in

Co-investorsEntrepreneur FirstSparkLabs Global Ventures

Co-investorsAndreessen HorowitzSisu Game Ventures

Cowlabs is a product studio that builds and operates its own software products and also embeds as operational co-founders for other companies, handling product design, engineering, user acquisition, and growth.

Developer ToolsSaaS

Joonas Jokela(Founder)Stella Wang(Founder)

Co-investorsbyFoundersSisu Game VenturesSpintop Ventures

Whitelabel buy-now-pay-later platform for retail finance at the point of sale.

Christer Holloman(Founder)Todd Latham(CEO)

Co-investorsDawn CapitalDG Daiwa VenturesDN CapitalFINTECH CircleGlobal BrainGreen Shores Capital+6 more

Farm Frens is a farming simulation game on the Base App where players plant crops, raise animals, and handle daily mishaps in a comedic, offbeat setting.

Gaming

GAMEE builds Telegram-based games, operating a mini app with 60+ proprietary games and a social gaming layer that connects players to Web3 and its $GMEE token-powered ad network.

AI & Machine LearningCrypto & Web3Gaming

Miroslav Chmelka(Co-founder, CTO)Bozena Rezab(Co-Founder)Martin Zakovec(CEO)Martin Navratil(CMO)

Co-investorsAnimoca Brands

Hutch Games develops mobile car games focused on strategy and skill gameplay.

GamingLondon, GB

Co-investorsBackedIndex VenturesModern Times Group

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)HRH Prince Filip Karađorđević(Chief Strategy Officer)Nick Szabo(Chief Scientist)Alex Bragin(Chief Technology Officer)

Co-investorsFulgur Ventures

Glen Allen, US

Ian Major(Founder)

Lendasat operates a peer-to-peer marketplace for Bitcoin-backed loans, matching borrowers who lock up Bitcoin as collateral with lenders.

Crypto & Web3FintechMarketplaces

Co-investorsFulgur Ventures

Magic DAYW Inc. is developing a mobile game.

Gaming

Magmatic is a mobile game company that develops games combining human creativity with AI technology.

AI & Machine LearningConsumerGaming

Florian Stronk(Founder)in

Co-investorsCherry Ventures

Medal is a free software application for recording, editing, and sharing gameplay highlights on PC and mobile.

Creator EconomyGamingHealthtechSan Francisco, US

Andrew McMurry(Executive Officer, Director)

BoardDaniel Kaminsky(Director)

Co-investorsAlliance VCAlliance VentureAlpha EdisonHorizons VenturesJoyance PartnersOMERS Ventures+3 more

Atlanta-based enterprise customer engagement platform that personalizes email, SMS and mobile campaigns directly from brands' own data warehouses.

Atlanta, US

Roger Barnette(Executive Officer, Director)Stanford Jones(Director)Alison Drummond(Director)Robert Jones(Director)Dan Roy(Director)Jonathan Hallett(Director)

Co-investorsAtlantic Bridge VenturesDelta PartnersEnterprise EquityLong Ridge Equity PartnersThe Argentum Group

Mion provides Bitcoin payment processing infrastructure for merchants in Europe, offering fast Bitcoin-to-Euro conversions with regulatory compliance and proprietary node management technology to enable practical everyday merchant adoption.

Crypto & Web3FintechPrague, CZ

Netspeak Games is a remote-first games studio that develops social games.

GamingSocialLondon

Callum Brighting(Director)

Co-investorsMakers FundProject A Ventures

Palo Alto, US

Tony Jamous(Executive Officer)

Co-investorsTitanium VenturesIntel Capital

Ongage provides a data bridge platform that enables email marketers to move data seamlessly between different email marketing platforms.

Data & InfrastructureMarketing TechSaaS

Alec Dobbie(CEO and Co-Founder)Assaf Ben-Asher(CEO & Co-Founder)Ofer Shani(President & General Manager / Co-Founder)

Finnish business information company offering a web-based service for finding public sector business opportunities across borders.

Co-investorsOpenOcean

Order of Meta is a game development studio made up of professional game creators focused on mid-core and hardcore genres.

GamingEspoo, FI

Alexey Kuzin(Founder)

Co-investorsCrit VenturesPlay VenturesThe Games Fund

Oyster is an employer of record (EOR) platform that lets companies hire, pay, and manage full-time employees and contractors in over 180 countries without setting up local entities, handling compliant onboarding, contracts, payroll, and benefits.

Future of WorkHR TechSaaSSan Francisco, US

Ally Fekaiki(CEO and Founder)Tony Jamous(Executive Chairman)inJack Mardack(Founder)Hadi Moussa(CEO)

Co-investorsAcadian Ventures Management, LlcAtento CapitalAvid VenturesEmergence Capital PartnersG2 Venture PartnersStripes

PayPerQ (PPQ) provides pay-per-use access to hundreds of text, image, video, and voice AI models from providers like OpenAI, Anthropic, Google, and Meta through a web app, an OpenAI-compatible API, and a desktop voice dictation tool.

AI & Machine LearningDeveloper ToolsSaaS

Peak develops neuroscience-based digital cognitive training tools to help users improve mental performance and cognition.

AI & Machine LearningDigital HealthGamingHealthtechWellness & Fitness

BoardBarbara Sahakian(Professor of Clinical Neuropsychology)

Co-investorsLifeline VenturesPeak XV Partners

Co-investorsRackhouse Venture Management LpSwordfish Investments

Pok Pok makes digital toys and apps designed to encourage open-ended, creative play for children.

ConsumerEdTechGamingToronto

Ryan Cash(Executive Officer, Director)Jordan Rosenberg(Executive Officer)Esther Lisa Lucia Huybreghts(Director)Melissa Sarah Cash(Executive Officer, Director)

BoardNicolas Wittenborn(Director)Joshua Chapman(Director)in

Co-investorsAdjacent V4Konvoy Ventures

Polystream builds a metaverse platform with interoperable virtual worlds that users can navigate seamlessly, enabling immersive games, interactive applications, and social experiences delivered instantly to communities globally.

ConsumerGamingSocial

Co-investorsIntel CapitalLauder PartnersLondon Venture Partners

Kiri is a pediatric health app that helps parents track and understand their child's patterns around sleep, feeding, symptoms, and development.

AI & Machine LearningConsumerDigital HealthHealthtech

Larry Tsai(Founder & CEO)Jordan Riggs(Co-Founder)

Quikkly provides an SDK and platform for creating custom scannable smart codes as an alternative to QR codes, letting brands add branded, secure scanning features to their apps.

Enterprise SoftwareMarketing TechSaaS

Resolution Games is a game studio that develops virtual and mixed reality games across platforms from PC to XR, with titles including Demeo, Racket Club, Blaston, and Spatial Ops.

ConsumerGamingStockholm, SE

Carl-Arvid Ewerbring(Founder)Tommy Palm(Founder)

Co-investorsBitkraft Esports VenturesBonnier CapitalColopl NextMizMaa Venturesnode.vcPresence Capital+2 more

Tenor operates a GIF search engine and GIF Keyboard app that lets users find and share animated GIFs and reaction images across messaging and social platforms.

ConsumerMedia & EntertainmentSocial

David McIntosh(Cofounder and CEO)

Co-investorsKyber Knight Capital

saf. provides cross-border payment infrastructure for companies operating in Central America, enabling money transfers across the region via an API that uses digital assets and local banking rails.

Fintech

Mario Aguiluz(Founder)in

Co-investorsCarao VenturesHivemind Ventures, Llc

Sanlo provides monetization and payment infrastructure for game developers and publishers, including a D2C web shop builder, web checkout, and native Unity checkout to accept payments across web shops, web games, and alternative app stores.

E-commerceFintechGamingSaaS

Co-investorsGFR FundIndex VenturesPortag3 Ventures

Satora offers a developer SDK for non-custodial atomic swaps between Bitcoin (including Lightning) and stablecoins such as USDC and USDT across major EVM chains.

Crypto & Web3Developer ToolsFintech

Shipsi provides fulfillment optimization software that transforms order delivery into a competitive advantage for retail brands.

Direct to ConsumerE-commerceLogistics & Supply ChainSaaSLos Angeles, US

Co-investorsCapital Q® Ventures Inc.Supply Chain VenturesTechstarsGaingels

Singa provides a karaoke streaming service accessible via computer, mobile devices, and smart TVs, offering a library of karaoke songs including original recordings.

ConsumerGamingMedia & Entertainment

Co-investorsSisu Game VenturesSuperhero Capital

ConsumerGamingMedia & Entertainment

Co-investorsAccel

Super Evil Megacorp develops and publishes multiplayer action games.

GamingSan Mateo, US

Robert J. Daly, Jr.(Executive Officer, Director)Kristian Segerstrale(Executive Officer, Director)inQingshuo Wang(Founder)in

BoardBenjamin Holmes(Director)Adam Valkin(Director)Stephan Sherman(Director)

Co-investorsAndreessen HorowitzCrosscut VenturesIndex VenturesSignia Venture Partners

Supercell develops mobile games including Clash of Clans, Clash Royale, Hay Day, Boom Beach, and Brawl Stars, designed for global audiences seeking engaging experiences on touch-based platforms.

ConsumerGamingHelsinki, FI

IlkkaIlkka Paananen(Founder)in

Co-investorsAccelHundreds CapitalIVP (Institutional Venture Partners)Lifeline VenturesLondon Venture PartnersMoonfire Ventures+2 more

Digiday is a media publication covering the digital advertising, marketing, and media industries, producing news, briefings, podcasts, and research reports.

AdTechMarketing TechMedia & EntertainmentBrooklyn, US

Yonatan Raz-Fridman(Executive Officer, Director)Kenneth Lamb(Director)Pedro Romi(Executive Officer, Director)

Co-investorsSilicon Ventures

Co-investorsBoost Capital PartnersIndex VenturesSwordfish Investments

Thndr Games develops mobile puzzle and card games, including Tetro Tiles (a tile-stacking puzzle game) and Club Bitcoin (a classic Solitaire game), where players can earn Bitcoin while playing.

ConsumerCrypto & Web3Gaming

TinyBytes Games develops action games for mobile platforms with a focus on high-quality graphics and multiplayer gameplay.

ConsumerGamingSocial

Traplight is a game development studio that creates games with user-generated content (UGC) features, working on its own original IPs as well as titles built with high-profile brand partners.

Gaming

Co-investorsPlay Ventures

Co-investorsLifeline VenturesSisu Game Ventures

A games studio that develops crime-themed gaming experiences across platforms, from mobile games to blockchain-based detective games.

ConsumerGamingMedia & Entertainment

Viker develops mobile games that integrate cryptocurrency rewards, allowing players to earn crypto while playing casual games.

Crypto & Web3Gaming

Co-investorsSwordfish Investments

ZBD is a fintech platform that handles the money lifecycle in games—from player purchases and in-game economies to payouts and creator withdrawals.

FintechGaming

André Neves(Founder)in

Co-investorsLemniscapRaptor Group

ZBD is a payment service provider focused on disrupting payments in the gaming industry through globally compliant payment solutions.

Creator EconomyFintechGaming

Simon Cowell(Co-founder, CEO)André Neves(Co-founder, CTO)

Co-investorsCollab+CurrencyCadenza

Zencargo is a digital freight forwarder that arranges air, ocean, and road shipping alongside an AI-driven platform for supply chain visibility, SKU-level tracking, cost optimization, inventory forecasting, and Scope 3 emissions monitoring.

AI & Machine LearningLogistics & Supply ChainSaaSLondon, GB

Alex Hersham(Founder)inJan Riethmayer(Co-Founder)Richard Fattal(Co-Founder & CCO / Co-CEO)in

Co-investorsPICUS CAPITALSamos InvestmentsYttrium