Polymorphic Capital — Full Portfolio

Airstack offers an AI-based quant engineer tool that codes trading strategies and identifies issues ("leaks") in them, aimed at quantitative trading users.

AI & Machine LearningData & InfrastructureFintechMiami Beach, US

JGJason Goldberg(Executive Officer, Director)in

Co-investorsBLBlack DragonDEDelta BlockchainFEFenbushi CapitalLELecca VenturesRERed Beard VenturesREResolute Ventures+16 more

Predictions market protocol; seed

Co-investorsBRBR CapitalCICitizenX Crypto VenturesG1G1 VenturesGMGm CapitalRERed Beard VenturesSESevenX Ventures

Bio Protocol is a decentralized science (DeSci) platform where people can fund, develop and govern tokenized early-stage scientific research from universities, companies and researchers.

AI & Machine LearningBiotechCrypto & Web3

Co-investorsBIBinance LabsPFPfizer VenturesBIBig Brain HoldingsSESerafundSISignature VenturesSMSMAPE Capital+3 more

Concept Art House is an art outsourcing studio for game developers, producing character designs, 2D and 3D assets, animation, and VFX for AAA, mobile, and trading card games.

Creator EconomyCrypto & Web3GamingMedia & EntertainmentSan Francisco, US

James(Founder / CEO)JCJenny Chen(President & Founder)

BoardMatthew Le Merle(Chairman)

Co-investorsANAnimoca BrandsDADapper LabsAPAppWorks VenturesRERed Beard VenturesAPAppWorksBLBlockchain Coinvestors+11 more

Due provides payment infrastructure and settlement services for trading platforms, enabling deposits via local payment methods and stablecoins across 80+ countries with instant settlement and multi-currency account capabilities.

Crypto & Web3FintechLondon, GB

Co-investorsDIDiscovery Ventures III Gmb H & Co. KGYAYAP Capital

Ethereum Comments Protocol (ECP) provides an SDK and embeddable components for developers to add onchain comments to their applications, storing comments on Ethereum where they are cryptographically signed and accessible to other apps and smart contracts.

Crypto & Web3Developer ToolsSocial

FairMath develops fully homomorphic encryption (FHE) cryptographic infrastructure that allows computation on encrypted data, enabling private AI model training and inference as well as confidential blockchain transactions and smart contracts.

AI & Machine LearningCrypto & Web3Cybersecurity

GAGurgen Arakelov(Founder)in

Co-investorsGUgumi IncNANazare VenturesGUgumi Cryptos Capital (gCC)

Farcaster is a decentralized social network where users own their identity, aimed at connecting people and building software on top of the network.

Crypto & Web3SocialVenice, US

Daniel Romero(Executive Officer, Director)Varun Srinivasan(Executive Officer, Director)

Co-investors1C1confirmationA.A.Capital VenturesA1a16z cryptoANAndreessen HorowitzARArchetypeCHChapter One+16 more

Fluence is a decentralized "cloudless" computing platform that combines blockchain with high-performance computing to let developers build and scale applications without relying on centralized cloud providers.

AI & Machine LearningCloud ComputingCrypto & Web3Deep Tech

EPEvgeny Ponomarev(Co-Founder & COO, Cloudless Labs)inTom Trowbridge(Co-Founder & CEO, Cloudless Labs)DKDmitry Kurinskiy(Co-Founder & CTO, Cloudless Labs)inBernhard Borges(Chief Scientist, Cloudless Labs)

Co-investorsMUMulticoin CapitalSISignum Capital1K1kxDIDistributed GlobalPRProtocol LabsTITiger Global Management

Folks Finance is a decentralized finance (DeFi) protocol that lets users supply crypto assets to earn rewards and use those assets as collateral to borrow other digital assets.

Crypto & Web3Fintech

BBBenedetto Biondi(Founder & CEO)in

Co-investorsBLBlack DragonBOBorderless VentureCOCoinbase VenturesDADanu VenturesMAMajinx CapitalMAMapleblock Capital+13 more

Freename is a Web3 domain platform where users can register, tokenize, and manage blockchain-based domains and top-level domains, with tools including Web3 emails, a website builder, DNS, domain resolution, and payment features.

AI & Machine LearningCloud ComputingCrypto & Web3Developer ToolsFintechSaaS

Davide(CEO)

Co-investorsENEntrée CapitalBLBlockchain Founders FundGOGolden Record VenturesSPSparkle VenturesTATarget Global

Gearbox provides institutional credit infrastructure for tokenized real-world assets and stablecoins, offering margin, prime brokerage, and portfolio loan products.

Crypto & Web3FintechSaaS

Co-investorsPLPlaceholder VC1K1kxVAVariant Fund

Safe provides smart contract wallets on Ethereum and other networks, using multisignature setups that distribute access control across multiple owners with features like spending limits, approval thresholds, role-based access, transaction simulation, and recovery guardians.

Crypto & Web3CybersecurityFintech

Martin Köppelmann(Founder)in

Co-investorsBIBixin CapitalBIBixin VenturesCRCryptonite CapitalDIDigital Currency Group1K1kxA&A&T Capital+10 more

A publication covering deep tech developments, including coverage of autonomous racing where teams use identical hardware (NVIDIA RTX 6000 Ada GPU and 16-core AMD EPYC CPU) and compete on software performance.

AI & Machine LearningDeep TechMedia & Entertainment

Intuition is a decentralized knowledge network with a native blockchain and token-curated knowledge graph for "Information Finance," turning facts, claims, and signals into verifiable, tradable data assets.

AI & Machine LearningCrypto & Web3Data & InfrastructurePortland, US

Khalil Zaidan(LLC Manager)Andrew Cox(Founder)in

Co-investorsF-F-Prime CapitalWWWWVenturesADAdditionANAndreessen HorowitzCOCoatue ManagementGEGeneral Catalyst+6 more

Kredete provides cross-border payment services for diaspora communities and emerging-market populations.

AI & Machine LearningFintechNew York City, US

Co-investorsEXExpert DOJONENeer Venture PartnersPAPartech VenturesTETechstarsAFAfricInvestBLBlockchain Founders Fund+1 more

Kredete provides cross-border payment services for diaspora communities and emerging-market populations, enabling money transfers globally.

AI & Machine LearningConsumerFintech

Co-investorsTETeam Ignite VenturesAFAfricInvestBFBFFBLBlockchain Founders FundTETechstarsTETezos Foundation

Liquorice is a DeFi platform that connects solvers, market makers, and liquidity providers through a unified API and creates overcollateralized lending markets for professional trading firms.

Crypto & Web3Fintech

AMAnatoly Mukhin(Founder)in

Co-investorsL2L2 Iterative Ventures (L2IV)GRGreenfield

Reforma is a design studio that creates websites, brand identity, design systems, and digital materials for businesses through a process of discovery, research, concept, execution, launch, and ongoing development.

Creator EconomyMarketing Tech

Streaming service offering Black cultural content.

Co-investorsBABase Venture Management, Inc.BRBronze InvestmentsFAFaculty GroupMAMaC Venture CapitalBLBlack OperatorGAGalaxy Digital Assets Fund+2 more

Mellow provides API-first infrastructure that lets fintechs, neobanks, exchanges, wallets, and custodians offer branded yield and earn programs to their users without in-house DeFi expertise.

Crypto & Web3FintechSaaS

Co-investorsARArrington CapitalBLBloccelerate VCLELemniscapPAParaFi CapitalPAParafi General FundARArrington XRP Capital

Paragraph is a publishing platform with an integrated AI agent that automates content creation, editing, and distribution across multiple channels including blogs, newsletters, social media, and landing pages.

AI & Machine LearningCreator EconomySaaS

DNDenis Nazarov(Founder)

Co-investors202050A.A.Capital VenturesCACatcherVCFOFourth Revolution Capital (4RC)IDIDEO CoLab VenturesIOIOSG Ventures+11 more

Naptha.ai helps businesses adopt agentic software development by addressing AI agent interaction problems that lead to poor user experience and churn.

AI & Machine LearningDeveloper ToolsEnterprise Software

Co-investorsPAPaper Ventures

Nevermined provides API monetization infrastructure that enables organizations to sell services to AI agents with automated metering, settlement, and payouts.

AI & Machine LearningCrypto & Web3Developer ToolsEnterprise SoftwareFintechSaaS

Co-investorsFAFactor CapitalGEGenerative VenturesMEMentha PartnersSISignature Ventures

Neynar is a software platform for building games, commerce, agents, and social applications on the Farcaster protocol.

Crypto & Web3Developer ToolsSocialWilmington, US

Manan P(Founder)Rishav (Rish) Mukherji(Founder)

Boarddwr.eth

Co-investorsCOCoinbase VenturesHAHaun VenturesZEZee Prime CapitalSISina HabibianUNUnion Square Ventures (USV)VEVery Serious Ventures

Octav provides portfolio intelligence and accounting software for digital assets, offering automated NAV reports, transaction tagging, exposure analytics, and compliance reporting across multiple blockchains.

Crypto & Web3FintechSaaS

Co-investorsNANascent

Ownera provides digital infrastructure solutions for capital markets, enabling financial institutions to digitize and operate securities and financial assets using blockchain-based technology.

Cloud ComputingCrypto & Web3Data & InfrastructureEnterprise SoftwareFintech

ABAmi Ben-David(Founder & CEO, Member of the Board)inYCYuval Carmel(Co-Founder & Chief Technology Officer)in

Co-investorsDRDraper Goren BlockchainVOVolution Ventures

Rise is a global payroll and payments platform for hiring and paying international contractors and full-time employees, supporting both fiat local currencies and cryptocurrencies.

Crypto & Web3FintechHR Tech

AMAndrew Maurer(Founder)inIan Chan(Founder)in

Co-investorsDIDigital Currency GroupDRDraper AssociatesRYRyze LabsWWWWVenturesDCDCGJAJam Fund

Safe (formerly Gnosis Safe) develops on-chain smart wallet and multisig infrastructure for the crypto ecosystem, including a smart wallet SDK, multisig interface, recovery modules, and transaction builder.

Crypto & Web3CybersecurityFintech

LSLukas Schor(Founder)in

Co-investors1K1k(x)BIBitDAOBLBlockchain CapitalBOBollinger Investment GroupBOBootNodeCOCoinbase Ventures+14 more

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)in

Co-investorsBABackedBLBlockchain CapitalBLBlockchain CoinvestorsDEDelta BlockchainG1G1 VenturesKIKindred Capital+5 more

Sygnum is a Swiss- and Singapore-based regulated digital asset banking group serving professional and institutional investors.

Co-investorsFEFenbushi CapitalMIMirana VenturesSCSCB 10XFUFulgur VenturesVIVinaCapital Ventures

TACEO builds a privacy layer for public blockchains, offering composable primitives for confidential stablecoin payments, private treasury and DeFi operations, identity verification without exposing user data, and confidential transactions for AI agent commerce.

Crypto & Web3CybersecurityDeveloper Tools

Co-investorsARArchetypePRPragma Ventures

Telegram is a cross-platform messaging application with encrypted, self-destructing messages, multi-device sync, and large group chats.

ConsumerMedia & EntertainmentSocial

Co-investorsAFAfford.CapitalALAlphabit FundANAngelONE CapitalARArchetypeARArrington CapitalBIBitDAO+48 more

Trace provides payments and stablecoin infrastructure through a single compliant API, letting businesses convert BRL to stablecoins via PIX in under a minute, hold BRL, USD and EUR accounts, and settle cross-border payments around the clock.

Crypto & Web3Data & InfrastructureFintech

BBBernardo Brites(Founder & CEO)in

Co-investors3C3cubed VenturesMAMantis Capital2T2TMANAnatoly YakovenkoCHChainlink labsCICircle Ventures+10 more

Trace provides a payments and stablecoin infrastructure API that converts BRL to stablecoins via PIX in under a minute, offers BRL, USD and EUR accounts, and settles cross-border payments around the clock.

Crypto & Web3Data & InfrastructureFintechSão Paulo, BR

Leone Parise(Founder)

Co-investorsFJFJ LabsHOHOF Capital

The IACR is a non-profit organization dedicated to advancing cryptology research and education.

Crypto & Web3Cybersecurity

Co-investorsSHShumo Chu

Zerion is a self-custodial, multichain wallet and data platform that aggregates assets and positions across 58+ blockchains in real time, offering swap routing, trading, and an API for wallet data access.

Crypto & Web3Data & InfrastructureFintechSan Francisco, US

EYEvgeny Yurtaev(Founder & CEO)inABAlex Bashlykov(Director)in

BoardTCToby Coppel(Director)inVKVadim Koleoshkin(Director)inBBBrad Burnham(Director)in

Co-investorsALAlliance DAO (ex DeFi Alliance)BIBitDAOBLBlockchain CoinvestorsDEDe Fi Alliance HoldingsDIDigital Currency GroupG1G1 Ventures+18 more

Zerion is a pharmaceutical development company that uses its Dispersome formulation technology to improve the solubility and therapeutic performance of poorly soluble drugs.

BiotechDeep TechHealthtechCopenhagen, DK

KLKorbinian LöbmanninJWJorrit Waterin

Co-investorsELElmehøj VenturesBIBitscale CapitalBLBlockchain.com VenturesCOCoinbase VenturesCOContinue CapitalDCDCG+8 more

Zodia Markets provides institutional digital asset trading services, including an OTC brokerage with voice and electronic settlement and a digital asset exchange platform.

Crypto & Web3FintechLondon, GB

NPNick Philpott(Founder)

Co-investorsSCSC VenturesPHPharsalus CapitalTOToken Bay CapitalCICircle VenturesHUHuman Capital

Zynk is a cross-border payment infrastructure platform that provides APIs for instant global settlements, converting and moving assets across blockchains, banks, and currencies in real time without pre-funding or treasury management.

Crypto & Web3Data & InfrastructureFintech

PSPrashanth Swaminathan(Founder)inAbhishek Pitti(Founder)inMBManish Bhatia(Founder)in

Co-investorsALAlliance DAO (ex DeFi Alliance)HIHivemind Capital PartnersTRTranspose Platform ManagementCOCoinbase VenturesHIHivemind Capital LLCTYTykhe Ventures

Zynk is a cross-border payment infrastructure and API platform that converts and moves assets across blockchains, banks, and currencies in real time to enable instant global settlements without pre-funding or treasury management.

Crypto & Web3Data & InfrastructureFintech