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Raises
Paper Ventures
Total Investments27
DeFi5
AI5
Infrastructure4
Payments2
Gaming1
L11
L21
Prediction Market1
Cybersecurity1
Digital Identity1
Liquid Restaking Protocol1
Game1
DePIN1
Liquid Staking Protocol1
| Name | Round | Category | Description | Lead Investor | Chains | Other Investors | |||
|---|---|---|---|---|---|---|---|---|---|
| Cluster Protocol | 23 Apr 2026 | $5m | AI | Cluster Protocol is a decentralized AI network that uses proof-of-compute to coordinate model training on private data. It supports encrypted, federated learning and lets users contribute compute or data to earn rewards while enabling collaborative, open-source model development | Dao5 | Paper Ventures, JPEG Trading, MapleBlock Capital, Fairum Ventures, Maven Capital, Prim3 Capital | |||
| Utexo | 06 Mar 2026 | $7.5m | Seed | Payments | Utexo makes Bitcoin-native stablecoin settlement practical, predictable, and easy to integrate | Tether, Big Brain Holdings, Portal Ventures | Maven 11, KuCoin Ventures, Alchemy Ventures, Ethereal Ventures, Gate Ventures, Axia8 Ventures, Paper Ventures, Flow Traders, Fulgur Ventures, Sats Ventures, Arcanum Capital | ||
| Superpower | 06 Mar 2026 | Pre-Seed | AI | Superpower is the financial protocol that enables AI agents to autonomously earn, manage, and reinvest revenue on blockchain | Taisu Ventures, Paper Ventures, CatcherVC, 280 Capital | ||||
| Flying Tulip | 29 Jan 2026 | $25.5m | Series A | DeFi | Flying Tulip is a yield aggregation protocol that pools user deposits into wrapper contracts and deploys them into automated yield strategies | Amber Group, Fasanara Capital, Paper Ventures | $1b | ||
| Temple | 16 Oct 2025 | $5m | DeFi | A privacy focused technical stack to trade capital markets | Paper Ventures | YZi Labs, CMT Digital, Sfermion, GSR, Selini Capital, Halo Capital , Protagonist, Eterna Capital, G-20 Group, Presto Labs, AMA, 5N Canton | |||
| Gaia | 23 Jul 2025 | $10m | Series A | AI | A decentralized AI network developed by Gaia Labs, leveraging a peer-to-peer infrastructure of over 700,000 nodes to enable open-source, user-owned intelligence with on-device inference and cross-chain integration | ByteTrade Lab, Susquehanna, Mantle, Mirana Ventures | EVM Capital, MoonPay, BitGo, Paper Ventures, Outlier Ventures, Amber Group, Selini Capital, G-20 Group, ConsenSys, Presto Labs, Taisu Ventures, Republic, NGC Ventures, Cogitent Ventures, Stake Capital | ||
| XSY | 15 May 2025 | $5m | Series A | DeFi | XSY.fi is a decentralized finance (DeFi) capital management platform that leverages advanced strategies to optimize liquidity and capital efficiency, exemplified by its synthetic dollar Unity ($UTY) on the Avalanche blockchain | Borderless Capital, Protagonist | Paper Ventures, Blizzard Fund, Sonic Boom Ventures, Chain View Capital | ||
| Camp Network | 29 Apr 2025 | $30m | Series A | L1 | Camp Network is a purpose-built Layer 1 blockchain for the future of AI and IP, enabling users to register and tokenize their IP onchain, train and deploy AI agents, and participate in distributions for the use of agents trained on their IP in a transparent, enforceable way | 1kx, Blockchain Capital | OKX Ventures, Lattice Capital, Paper Ventures, Dao5, Selini Capital, Hypershere, Maven 11, Protagonist, TrueBridge | ||
| Cap Labs | 07 Apr 2025 | $8m | Seed | DeFi | Stablecoin protocol with credible financial guarantees | Franklin Templeton, Triton Capital | GSR, Flow Traders, Laser Digital Ventures, IMC Financial Markets, RockawayX, Superscrypt , Selini Capital, CMCC Global, Caladan, Paper Ventures, Presto Labs, Fasanara Capital, Auros Global, Breed VC, Curved Ventures, Nonce Classic, Flowdesk | ||
| DoubleZero | 06 Mar 2025 | $28m | DePIN | Multicoin Capital, Dragonfly Capital | $400m | Anagram, Rubik Ventures, DBA, Reciprocal Ventures, Foundation Capital, Borderless Capital, Frictionless Capital, MH Ventures, Standard Crypto, Crucible Captial, Delphi Digital, Wintermute Ventures, GSR, RockawayX, Paper Ventures | |||
| Raise | 26 Feb 2025 | $63m | Strategic | Payments | a leading digital prepaid and retail payments platform that enables consumers to save money and earn rewards on every purchase | Haun Ventures | Paper Ventures, Selini Capital, GSR | ||
| Drosera | 10 Feb 2025 | $3.25m | Seed | Cybersecurity | Drosera is a decentralized incident response protocol designed to address and mitigate exploits by leveraging hidden security intents | Greenfield Capital | Anagram, Paper Ventures, Arrington Capital, UDHC, Pulsar | ||
| Rena Labs | 09 Jan 2025 | $3.3m | Pre-Seed | AI | Trustless Coordination Made Possible by TEE ML | Paper Ventures | Lightspeed Faction, Eterna Capital, Lyrik Ventures, MapleBlock Capital, Selini Capital, KeyRock | ||
| Vanilla Finance | 26 Nov 2024 | Pre-Seed | DeFi | Exchange on Telegram | UOB Venture Management, Paper Ventures, ABCDE | HTX Ventures, Ocular VC, Openspace Ventures, Signum Capital, YTWO | |||
| Qoomon | 25 Nov 2024 | Pre-Seed | Game | Fast-paced Crypto Game in the Qoomon Universe | Paper Ventures | Merit Circle, Animoca Brands, Beam | |||
| TAC | 11 Nov 2024 | $6.5m | Seed | Infrastructure | TAC is a TON network extension that allows the EVM community to access 950M users of Telegram | Hack VC, Symbolic Capital | Hoxton Ventures, Animoca Brands, Primitive Ventures, P2 Ventures, Karatage, The Spartan Group, Paper Ventures, Bitscale Capital, Ankr, CMT Digital, Sandeep Nailwal, Mentat Group | ||
| Hyve DA | 17 Oct 2024 | $1.85m | Pre-Seed | Infrastructure | HyveDA is a decentralized data availability network | Lemniscap | Paper Ventures, Frachtis, P-OPS TEAM | ||
| Pell Network | 15 Oct 2024 | $3m | Pre-Seed | Liquid Restaking Protocol | Pell uses BTC and its LSD to provide actively validated services (AVS) to BTC ecosystem projects, plug the gap in ecosystem security, reduce cost to develop ecosystem applications and optimise yield avenue for BTC holders. Pell aims to become the largest shared liquidity and cryptonomic security layer in the BTC ecosystem across market cycles | Mirana Ventures, Halo Capital, Paper Ventures | ArkStream Capital, Cogitent Ventures, Calib3r, Contribution Capital, Delta Blockchain Fund, D11 Labs, Mantle Network, Sats Ventures, Side Door Ventures, Web3Port Foundation, Bitcoin Frontier Fund | ||
| KIVA AI | 11 Oct 2024 | $7m | Pre-Seed | AI | Supporting the next generation of AI applications | CoinFund | Actai Ventures, Paper Ventures, HashKey Capital, PEER VC, NGC Ventures, Foresight Ventures, Big Brain Holdings, Breed VC | ||
| Limitless | 17 Sep 2024 | $3m | Angel & Pre-Seed | Prediction Market | Prediction market on Base | 1confirmation | Paper Ventures, Collider, Public Works | ||
| Holonmym | 16 Aug 2024 | $5.5m | Seed | Digital Identity | digital identity security for the decentralized web | Finality Capital, Paper Ventures | Arrington Capital, Draper Dragon, Lightshift, Zero Knowledge Validation, zeroDAO, Fusion Fund, Protagonist, Selini Capital, UDHC, Spaceship DAO | ||
| Glacis | 09 May 2024 | $2.1m | Seed | Infrastructure | Glacis is a Firewall, Router and universal adaptor for chain agnostic messaging that provides a comprehensive solution for cross-chain operation | Arrington Capital, Paper Ventures | Protagonist, Bitscale Capital, Edessa Capital | ||
| Aligned Layer | 13 Apr 2024 | $2.6m | Seed | Infrastructure | decentralized ZK Proof verification layer for Ethereum | Lemniscap | Bankless Ventures, Paper Ventures, StarkWare, O(1) Labs, Sreeram Kannan, Daniel Lubarov, Weikeng Chen, dcbuilder.eth, Size Chad, Sam Benyakoub, Rushi Manche, Brandon Kase, Omer Shlomovits, John Zimmerebner, Ajit Tripathi, Lucas Kozinski |