Announcing our investment in Uniswap, the leading decentralized crypto exchange

We are very pleased to announce our investment in Uniswap, the leading decentralized crypto exchange. We participated in the $11m Series A raise, alongside our friends at a16z, USV and Paradigm. Exchanges have been the most important piece of infrastructure when it comes to building out crypto networks. The first generation of exchanges were centralized […]

At last, the full promise of crypto networks is coming alive

Since the early days, crypto has had four core promises:  1) Enabling trust at scale. Transactions are executed by code, rather than a single gatekeeper like a bank or other financial middleman.  2) Permissionless innovation. Crypto’s open source nature enables anybody to build on top of existing code.  3) A decentralized governance model. Power rests […]

Announcing our investment in Opyn, a decentralized options marketplace

We are very excited to announce our investment in Opyn, a decentralized options marketplace.  If you invest in ETH (or just follow it), you’re used to prices going up and down. Opyn lets you protect your DeFi deposits and hedge ETH risk. The platform allows you to purchase put and call options on the price […]

Announcing our investment in DemandStar, a marketplace for government procurement  

Today we’re excited to announce that we led DemandStar’s $2m seed round. The Seattle-based company provides an online marketplace for business-to-government commerce – it connects local and national suppliers with government procurement officers.  It should come as no surprise that government procurement is riddled with inefficiency. $1.5 trillion is spent in the local government procurement […]