Litentry’s Seed Round Fundraising
Started as a decentralized identity protocol on Polkadot with the focus on blockchain infrastructure construction, we have been thinking a lot in the future of the Web 3.0. From the P2P interconnection of all things to the possibilities of on-chain super identities, after countless thoughts and iterations in a year, we finally chose to land on the cross-chain identity aggregator. We are aiming to provide a better Web 3.0 identity experience as an open protocol penetrated into different DApps, and to provide users with one-stop decentralized identity management services and privacy protection.
“The upcoming year is a critical time for the large-scale application of blockchain and DeFi, Polkadot must be ready with a robust and scalable identity aggregator for different Defi projects and Dapps in the ecosystem and Litentry is here to support.”
Says Hanwen Cheng, the founder & CEO of Litentry.
As the first decentralized identity protocol in the Polkadot ecosystem, we are committed to helping Polkadot improve a better decentralized identity system, and create some possibilities of integrating on-chain credits to stimulate the extentive innovation of blockchain credit systems, giving more imaginations into fields like Defi and on-chain governance.
We are happy to announce that Litentry has completed its first round fundraising in October, since receiving the Web3 Foundation Grants in 2019. In this round, we have received support from more than 13 outstanding venture capitals. Below we are honored to introduce these institutions:
FBG Capital is a digital asset management firm in blockchain-based capital market. It is one of the world’s well-known crypto currency hedge funds and venture capitals.
CFG(Candaq Fintech Group) originates from Berlin and the Silicon Valley. We focus on the incubation of fintech and blockchain-based start-ups, including but not limited to Fintech, blockchain, big data, artificial intelligence, internet of things and new energies. We make venture investments at early stages and offer professional tokenized initial offering advisory services. To help entrepreneurs turn their brilliant ideas into reality. Candaq has built a worldwide collaborative network with numerous academic institutions, venture capitals and cryptocurrency communities. We are believers of new FinTech and blockchain technology and our vision is to“Redefine the Fintech”.
Singapore-based firm that exclusively invest in Blockchain-enabled companies. Our mission is to realize the future of Blockchain economy by consulting in game changing projects and companies.
Hypersphere Ventures is a Polkadot-focused venture fund led by Polkadot Co-Founder Robert Habermeier and former Web3 Foundation executive Jack Platts. Hypersphere invests in and and builds technology in the blockchain industry, partnering with entrepreneurs and participating deeply in the communities it invests in.
NGC Ventures is one of the largest and most active institutional investors of cryptocurrencies with over $400 million in assets. NGC adopts best practices from traditional financial markets to invest in and incubate leading projects in the crypto industry worldwide. Both our fund I and II have invested in over 70 projects, mostly in blockchain infrastructure and adoption technologies in areas such as De-Fi, Gaming and Decentralized Computing. NGC also incubated NGC StakeX, which is a node-operating division. NGC Ventures has offices in Singapore, Shanghai and San Francisco.
D1 Ventures is a vocal proponent of the open economy thesis. They are a group of crypto native thesis driven investors who are active participants primarily within the Polkadot ecosystem, DeFi, NFT and scaling technology space. D1 invests in people, focusing on organic market growth via community outreach and education, helping to spread awareness of DeFi and the Polkadot ecosystem, highlighting its most valuable, credible and promising projects and platforms.
D1’s investment portfolio includes Polkadot, Kusama, Near, The Graph, Gelato, Moonbeam, Dodo, Kulupu, Handshake and Nectar DAO (DeversiFi) among others.
Altonomy is an organization-oriented international secondary market team, focusing on providing institutional-level market maker services, compliant over-the-counter transactions, asset management and consulting services for the crypto market. In the primary market, Altonomy will also selectively participate in early strategic investment, providing in-depth industry insights and resource support from the perspective of secondary market planning and global issuance. Team members come from top Wall Street institutions such as Goldman Sachs, Citigroup, Morgan Stanley, Chicago Mercantile Exchange, etc., headquartered in Singapore, with branches in New York, China, Beijing and Shenzhen.
BlockVC is a leading blockchain investment firm. BlockVC is an acknowledged leader around the globe and committed to the pursuit of opportunities in blockchain industry. We have an underlying exposure to the portfolio of more than 160 projects.
Digital Renaissance Foundation
The Digital Renaissance Foundation is committed to the investment and incubation of DeFi, Digital Governance, Crypto Art projects, The foundation is one of the earliest institutions in China to depoly DeFi investment, DAO design and Crypto Art collection.
PAKA (paka.fund) is the Polkadot Eco-Technology Fund, registered in the BVI, jointly established by Stafi, Phala, Bifrost, Crust, Litentry, etc., focusing on investing and incubating hard-core technical teams, helping the Polkadot community grow in a healthy base and avoid being in evil use by extreme capitalization.
RockX is a one-stop digital asset service platform, serving cryptocurrency holders and users looking forward to entering the digital asset field. By launching the “Staking as a Service” platform, allowing users to put their digital assets into selected public blockchains, RockX is committed to becoming a trusted one-stop service platform for all market participants and promoting the professional development of the blockchain ecosystem.
SevenX Ventures is a research-driven token fund established by investors with rich experience in the industry. The team is distributed in Beijing, Shanghai, Shenzhen and North America. SevenX insists on long-term empowerment of blockchain entrepreneurs, bringing multi-level support in addition to capital, such as strategy, economic system, and marketing.
LD Capital is a well-known blockchain investment institution with a professional global team and strong industry resources. It focuses on in-depth post-investment services and assists in the steady growth of projects. It involves blockchain primary and secondary investments and tradings. It has DeFi Funds, funds of funds, hedge funds, etc. In the past four years, the total return of Capital Capital has exceeded one hundred times, with more than 150 investment projects and peak self-operated assets of nearly one billion US dollars.
With these excellent partners, Litentry will continue to focus on optimizing the infrastructure of a decentralized identity system and build a global community.