Venture Trotter Weekly Review: Week Ending 12/23/22

Ruceto tracked over $24 million in institutional investments into crypto or web3 companies last week. Links to the target company website, investment announcement, and token info are provided via hyperlinks on the Target Name, $ Raised, and Token columns respectively.

Target Name $ Raised Lead Investors Description Token
Dragonfly Capital
Users create NFTs via photos that their followers can buy and trade
Polychain Capital
BTC self-custody hardware and app
IOSG, Tomahawk, Republic, Framework Ventures, 4RC and others
Created a structured product that focuses on getting a consistent yield on ETH and takes advantage of high volatility periods, where it can yield more.
Uniswap Labs Ventures, Accel, Polygon Ventures, Robot Ventures
Building trustless and decentralized market making infrastructure & strategies on Uniswap V3.
Working to eliminate all Altcoin and Fiat transactions, leaving only Bitcoin

Pods is building structured products for the crypto market with the goal of giving users access to derivate-based DeFi yield strategies that are similar to what financial professionals build in non-crypto markets. Their first structured product is stETHvv (stETH Volatility Vault), which combines put and call options to generate yield for users when there is volatility in either direction in the price of ETH.

Institutional Investors of Crypto

Andreessen Horowitz (a16z), one of the largest and oldest investors in crypto, told the Block that their most recent $4.5B crypto-focused fund is only half deployed. Chris Dixon, GP of a16z, made it clear that the firm is in crypto for the long haul when he said, “Our venture funds have a minimum of 10-year lifespan, which means if you decide you want to invest in our fund, you make a commitment to us with money, and you’re locked up for at least 10 years — and honestly it’s usually 15 years and we extend it.” He also said that a16z has kept 95% of everything they ever invested in, including tokens, and that their analysis shows that the majority of a fund’s returns come in its’ later years.

What’s happening at Ruceto

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Disclaimer: The content presented is for informational purposes only and does not constitute financial, investment, tax, legal, or professional advice. The content is provided ‘as is’ without any representations or warranties, express or implied.

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