Credibly Neutral, a newly established crypto venture capital firm, has raised an impressive $5.5 million in investments from a diverse group of investors, including the founders of renowned blockchains Solana and Polygon. The firm itself is the brainchild of industry insiders, Viktor Bunin, who is currently spearheading the protocol operations team at Coinbase Cloud, and Lisa Cuesta Bunin, the COO of Ethereum privacy startup Aztec Protocol.
With a base in Brooklyn, New York, Credibly Neutral is an early-stage-focused fund aiming to invest between $50,000 and $250,000 in protocols, infrastructure, and crypto software-as-a-service (SaaS) projects. Among their key areas of investment interest are layer 1 and 2 blockchains, decentralized finance (DeFi) protocols, developer tools, security software, analytics tools, and the essential infrastructure necessary for seamless fiat-crypto transactions.
The founders of Credibly Neutral have expressed their passion for investing in projects and teams that prioritize credible neutrality. “Transparent systems that create an equal playing field for all participants” are at the core of their investment philosophy, according to COO Lisa Cuesta Bunin. The firm’s focus is on fueling innovation and providing open access to necessary tools and products, thus fostering a more inclusive and cutting-edge future for blockchain technology.
The fundraising round attracted several high-profile investors, such as Ethereum-focused author Anthony Sassano, “proof of attendance” protocol POAP’s founder Patricio Worthalter, former chief product officer of crypto exchange Coinbase Surojit Chatterjee, and co-founders of infrastructure provider Bison Trails Joe Lallouz and Aaron Henshaw, among others. Additionally, Solana’s Anatoly Yakovenko and Raj Gokal, Mara Schmiedt (CEO of staking solution Alluvial), Polygon’s Sandeep Nailwal, and Ethereal Ventures participated in the round.
However, it is worth addressing the concerns that come with an influx of large investments, prominently biased interests or potential influence from particular participants. With a focus on credible neutrality per its name, Credibly Neutral must be mindful of these potential pitfalls in order to maintain transparency and an even playing field for all involved, especially when navigating the intricate and ever-evolving world of blockchain technology and cryptocurrencies.
In conclusion, Credibly Neutral’s recent $5.5 million investments mark an exciting development for the budding crypto venture capital firm. While its core values emphasize credible neutrality and open access, it is crucial that the firm remains vigilant to ensure these principles are upheld amidst the high stakes of the rapidly evolving blockchain landscape.