Venture Trotter Weekly Review: Week Ending May 19, 2023

Ruceto tracked over $205 million in institutional investments into crypto or web3 companies last week. Covered investments include Jia, Asymmetry finance, AiONE and various others.

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
Celesta Capital, Mayfield
Building infrastructure solutions focused on blockchain, security, and AI
Kingsway Capital
A financial institution offering Bitcoin financial products and services
Andreessen Horowitz
An interactive storytelling platform that offers an e-learning experience through a diverse range of multimedia techniques
Chris Dixon, Marc Andreessen, SuperRare, Animoca Brands
An accelerator program for web3 builders, offering support in tokenomics and token launch strategies
Superscrypt
A Web3 API platform that simplifies the process of discovering and accessing data from various sources within the web3 ecosystem
Jack Dorsey
A digital asset exchange platform offering an affordable voucher system that enables users to save and spend small amounts of bitcoin
The Chernin Group
A financial platform that offers short term loans and addresses the access to finance gap by connecting capital to small businesses in emerging markets
JIA
Electric Capital
A protocol and RFQ marketplace that streamlines the trading of time-bound tokens (TBTs), which represent assets staked in DeFi protocols for specific durations
Castle Island Ventures
A digital assets data platform that aims to boost institutional engagement by delivering high quality insights and data, providing institutions with reliable information
1kx
A ZK startup focused on secure interoperability among diverse blockchain networks
Ecco Capital, Republic Capital, gmjp (good morning Japan), Ankr Network
A protocol that seeks to address the concentration of staked Ether markets, and aims to provide sustainable yield generation through its Asymmetry Ethereum Products
Undisclosed
An AI-driven finance platform offering an intuitive portal that allows customers to manage their personal assets

Asymmetry Finance is a protocol designed to address concentration of the Ethereum market in Lido by driving TVL to a diverse set of liquid staked tokens (LST), while generating yield for users. Simple Asymmetry Finance Ethereum (safETH) is an LST that stakes your ETH across multiple liquid staking derivates, and has rewards built into the exchange rate. Users can mint safETH by depositing ETH into the Asymmetry dApp’s safETH vault.

AiONE facilitates the integration of artificial intelligence into user’s business workflows, allowing for customization of AI models to enable personalized recommendations. The platform’s token, AiONE, serves multiple purposes, including payment for infrastructure usage, making purchases, earning rewards through staking, participating in decision-making processes, and investing in AI projects.

Jia is a decentralized lending protocol that enables users to lend to, sponsor, and partner with micro, small, and medium-sized enterprises in emerging markets. Lenders deposit capital into and earn interest from lending pools. Sponsors put up collateral on the behalf of borrowers who would otherwise be considered too risky for a loan. Partners refer prospective borrowers to Jia. Jia’s token, JIA, is distributed to users for participating in all areas of the protocol (on-time loan repayments, providing capital or collateral, etc.). JIA can be staked to earn rewards, and once the protocol achieves a full launch and stabilization, governance of the platform will be transitioned to the token holders.

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Disclaimer: The content presented is for informational purposes only and does not constitute financial, investment, tax, legal, or professional advice. Nothing contained in this report is a direct or indirect recommendation or suggestion to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. Ruceto does not guarantee the accuracy, completeness, sequence, or timeliness of any of this content. Please see our Terms of Service for more information.

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