Blockchain

Axeleo Capital AXC2 is the second early-stage B2B technology venture fund of Axeleo Capital (AXC), a Lyon-based venture capital firm specializing in pre-seed to Series A investments in enterprise software and B2B technology startups. The fund held its final close in December 2023 at €73 million, exceeding its initial interim target and building on the success of AXC1, Axeleo's debut fund. Axeleo Capital focuses on the next generation of B2B startups in artificial intelligence, data and analytics, cybersecurity, blockchain, and financial technology, with an investment remit spanning France and Western Europe. The fund makes initial investments of between €0.2 million and €2 million at pre-seed or seed stage, with capacity to follow on through Series A and beyond. By its final close, AXC2 had already backed 14 portfolio companies and recorded its first successful exit, demonstrating portfolio velocity consistent with early-stage conviction investing. The fund was structured with the support of more than 150 investors, with over 95% of Axeleo's historical LP base renewing their commitment — a strong validation of the team's track record and investment thesis. Anchor institutional support came from the Fonds National d'Amorçage 2, managed by Bpifrance on behalf of the French government as part of the France 2030 innovation initiative. Axeleo Capital, co-founded by Xavier Milin and the original Axeleo team, operates at the intersection of deep B2B sector knowledge and early-stage startup ecosystem development in the French tech corridor.

Backed 3 is the third seed-stage venture fund from Backed VC, the London-based firm focused on backing Europe's most ambitious early-stage technology founders. The fund held its final close in November 2025 at its hard cap of $100 million (approximately £76 million), reaching its limit after strong demand from institutional fund-of-funds and a growing base of family office and entrepreneur investors. Backed's first fund has achieved top-decile performance and returned an additional 35 percent of capital to investors in October 2025, providing strong validation for the firm's approach and helping catalyze rapid fundraising for Fund 3. The investment mandate for Backed 3 is concentrated around three frontier technology themes: AI therapeutics — the application of artificial intelligence and machine learning to drug discovery, clinical research, and personalized medicine; blockchain and banking infrastructure — foundational layer-1 and layer-2 protocols, as well as B2B blockchain applications transforming settlement, custody, and cross-border payments; and manufacturing automation — robotics, industrial AI, and advanced production systems enabling the re-shoring and upgrading of European manufacturing capacity. Backed leads pre-seed and seed rounds with initial check sizes of $500,000 to $5 million per company. Close to 50 percent of Backed 3's capital was committed by ten leading institutional fund-of-funds, with new investors including Isomer Capital and Wunderland Capital joining the LP base. The fund also counts over 50 family offices and founders from Backed's existing portfolio as investors, creating a flywheel of founder capital that provides both financial resources and strategic value-add for new portfolio companies. With Backed 3, the firm continues its mission of supporting founders with generational ambitions building transformative companies that can compete on a global scale from a European base.

Boost Alpha Fund is the inaugural investment vehicle of Boost VC, a San Mateo, California-based pre-seed venture capital firm and startup accelerator co-founded by Adam Draper and Brayton Williams in 2012. The fund is dedicated to backing founders building at the frontier of deep technology, with a portfolio spanning cryptocurrency and blockchain infrastructure, space exploration, artificial intelligence, robotics, virtual reality, and advanced biotechnology. Boost Alpha Fund embodies the firm's defining conviction thesis—accelerating the Sci-Fi future—targeting transformative technologies at their earliest commercially viable stages and backing unconventional bets that traditional investors systematically pass on. Boost Alpha Fund deploys capital through standardized $500,000 pre-seed investments in companies raising sub-$1 million rounds, typically at valuations of $3 million to $7 million. Investment is closely integrated with Boost VC's three-month accelerator program, which provides cohort companies with intensive mentorship, access to a dense network of industry experts and follow-on investors, and operational resources to accelerate from concept to fundable company. The fund's high-velocity, high-volume approach reflects a portfolio construction philosophy designed to maximize exposure to breakout outcomes in nascent, high-variance technology verticals. Across the broader Boost VC platform, portfolio companies have collectively raised over $5 billion in follow-on capital, with landmark investments including Coinbase, Magic Leap, Anki, and Improbable. Boost VC manages more than $200 million in assets under management across its fund series, with over 300 companies backed to date. Boost Alpha Fund's role as the first fund in the family established the accelerator's reputation as a generational entry point for founders pursuing the most ambitious, transformative, and technically demanding bets in deep technology.

Boost VC Accelerator 1 is the inaugural fund vehicle of Boost VC, a pre-seed and seed-stage venture capital firm founded in 2012 by Adam Draper and Brayton Williams in San Mateo, California. Launched at the firm's inception, Accelerator 1 established the model that would define Boost VC's approach to frontier technology investing for over a decade: cohort-based acceleration combined with dedicated early-stage capital for deep-tech founders. The fund targets pre-seed and seed-stage startups working at the frontier of technology, with a focus on sectors including artificial intelligence, blockchain and decentralized technologies, biotechnology, robotics, aerospace, and nuclear energy. Boost VC provides standardized $500,000 checks per company, paired with a structured acceleration program designed to de-risk the earliest stages of company formation. The thesis centers on backing mission-driven founders building technologies that will define the next generation of human capability — what the firm calls 'sci-fi' becoming science fact. Adam Draper brings a multi-generational venture pedigree to the fund: he is the son of Tim Draper (founder of DFJ) and great-grandson of William Draper, one of the earliest practitioners of venture capital. Brayton Williams co-founded the firm with extensive experience in early-stage deep tech investing. Since launching Accelerator 1, Boost VC has grown its platform to manage over $300 million in aggregate assets across multiple funds and cohorts, having invested in more than 400 companies. The firm's early track record across blockchain and AI sectors established its reputation as one of the most active pre-seed backers of frontier technology in North America.

Boost VC Deep Tech Fund 4 is the fourth flagship fund raised by Boost VC, a San Mateo-based pre-seed venture capital firm founded by Adam Draper and focused exclusively on deep technology and frontier science startups. The fund reached its final close in September 2025 with $87.65 million in commitments, bringing Boost VC's total assets under management to more than $300 million across all vehicles. The raise was supported primarily by family offices and high-net-worth individuals, including members of the Draper family—one of Silicon Valley's most prominent venture dynasties—with Tim Draper and other family affiliates among backers. Boost VC's investment philosophy is built around what Adam Draper describes as 'sci-fi technologies': frontier technology categories that appear improbable to mainstream investors but have the potential to define the next era of human progress. Fund 4 will back approximately 150 pre-seed startups across sectors including nuclear energy, advanced genetics, space technology, quantum computing, artificial intelligence, robotics, and blockchain infrastructure. Boost VC provides founders with pre-seed capital alongside an intensive accelerator programme that includes workspace, mentorship, and access to the Boost VC network of over 700 portfolio alumni spanning multiple technology frontiers. The fund builds on Boost VC's track record across three prior vehicles, with the first fund (vintage 2013) generating a DPI of 2.15x and the second fund (vintage 2016) achieving 4.35x—returns driven in part by early exposure to Bitcoin infrastructure companies and space technology startups. These performance metrics have enabled Boost VC to attract increasing institutional interest for its fourth fund despite its non-traditional investment thesis. Boost VC Deep Tech Fund 4 is positioned to continue the firm's mission of funding technologies considered 'too early' by the broader venture community, operating at the furthest frontier of innovation.

CMT Digital Fund IV is a $136 million early-stage venture capital fund dedicated to investments in blockchain infrastructure and applications enabling the next phase of crypto adoption and decentralized finance. CMT Digital is the venture investment division of CMT Group, a quantitative trading firm founded in 1997 whose data-driven, algorithmic risk management heritage distinguishes its investment process from traditional crypto venture funds. The fund closed in November 2025 after attracting capital from family offices, high-net-worth individuals, and institutional investors across the United States, Asia-Pacific, and Europe. Fund IV targets founders building blockchain-native infrastructure for global markets, framing its thesis as the re-architecting of finance on distributed ledger technology. Investment themes span on-chain financial infrastructure, stablecoin ecosystems, tokenized asset markets, decentralized protocol development, and institutional-grade crypto tooling, with approximately 25 percent of deployed capital directed toward stablecoin-related startups. Ten investments were committed prior to the final close announcement, including FortyTwo, 1Money, D2X, Winston Artory Group, Odysseus, Zylu, Coinflow, and Andrena, reflecting an aggressive deployment pace through the fundraise. CMT Digital's track record across four successive funds represents more than $600 million in total assets under management, growing from Fund I ($25.5 million) through Fund II ($130 million) and Fund III ($100 million) to Fund IV ($136 million). The portfolio includes notable early-stage winners in Circle (IPO, +167%), Figure (Nasdaq listing, +24%), Consensys, BitGo, FalconX, and dYdX. Fund IV was launched with a $150 million target and closed slightly below that mark, though CMT ultimately turned away certain investors due to allocation constraints at final close.