Fulgur Ventures

Fulgur Ventures is a venture and growth capital firm established in 2019, dedicated to funding companies that are building the Bitcoin economy. The firm invests globally, from pre-seed to pre-IPO stages, with a core focus on Bitcoin infrastructure and the Lightning Network. They aim to support the development of a decentralized financial system, believing in Bitcoin as a neutral monetary network. Fulgur Ventures also operates Fulgur Asia, headquartered in Singapore, specifically backing founders building best-in-class Bitcoin infrastructure across the Middle East, Asia, and Australia, with investments ranging from pre-seed to Series A.

The firm was founded with a deep conviction in Bitcoin's transformative potential. Key partners include Oleg Mikhalsky, an experienced angel investor and entrepreneur with a background in product management and business development for early-stage markets, and Alexander Mann, who spearheads Fulgur's Asia Bitcoin efforts with a decade of venture capital experience across Europe, the US, Africa, and Asia. Vitaly Bezrodnykh is also noted as a partner, bringing expertise from technology, security, and international business development.

Fulgur Ventures has built a diverse portfolio of companies contributing to the Bitcoin ecosystem. Notable investments include Blockstream, a blockchain development company, Sygnum, a digital asset bank, and Fold, a Bitcoin financial services company. Other portfolio companies span various aspects of Bitcoin infrastructure, such as Lendasat (Bitcoin-collateralized loans), Utexo (Bitcoin-native payment platform), Voltage (Lightning Network node hosting), OpenNode (Bitcoin payments for businesses), and Foundation (Bitcoin hardware wallets expanding into AI agent authorization). The firm actively supports its portfolio companies with capital, network access, conviction, and hands-on mentoring, regulatory guidance, and strategic support.

The team at Fulgur Ventures leverages extensive experience in technology entrepreneurship and venture capital to guide startups through the complexities of the cryptocurrency landscape. Their investment strategy emphasizes early-stage startups, particularly those focused on Layer-2 solutions like the Lightning Network, which they view as essential for enhancing Bitcoin's transaction capabilities and fostering a politically neutral monetary system.