Founded by serial entrepreneur Kevin Ryan, AlleyCorp is both a startup studio and fund that founds companies and invests in early stage companies. AlleyCorp is exclusively focused on investing in transformational companies in New York City. Since its inception, we have launched companies that have raised over $1B+ in funding with an aggregate value of $10B+. As a venture / idea studio, AlleyCorp originates the idea, forms the founding team, funds the initial 6-12 months, launches the company, and maintains integral leadership throughout the company's lifecycle. Some companies that have been founded through AlleyCorp include MongoDB, Business Insider, Gilt Groupe, Zola, Nomad Health, Workframe, and CoEdition.  AlleyCorp will also invest in very early stage companies usually as the first seed investor.  Moreover, we believes in supporting first time founders. Our goal is to co-create and invest in truly transformational companies with inspiring leaders.

AlleyCorp

Electric Capital is a crypto asset management firm. The company invests in tokens that are Programmable Money and invest in both liquid and illiquid tokens that are emerging stores of value and rooted in novel technology. Electric Capital is started by technology entrepreneurs, engineers, and successful investors. Prior to Electric Capital, they started six companies (five acquired), invested in 100+ technology startups with a cumulative market cap in the tens of billions, and served as executives at technology companies such as Facebook, Google, and Twitter. They have been investing personally in cryptocurrencies since 2013 and were early believers in Bitcoin, Ethereum, and Monero. Prior to Electric

Electric Capital

Solana Ventures' mission is to accelerate the growth of the Solana blockchain and adjacent ecosystems by providing capital to the most promising teams building in the crypto ecosystem.

Solana Ventures

Circle Ventures invests in projects that accelerate global crypto innovation and adoption in service. They foster crypto innovation by assisting founders and teams that are committed to open access, financial inclusivity, and programmable commerce, all of which may contribute to global economic success.

Circle Ventures

Delta One

Delta One is a yield generation protocol on Solana that offers novel delta-neutral and impermanent loss-free farming markets. Its mission is to create novel, easy-to-use Defi primitives that democratize the best risk-adjusted yield opportunities to achieve mass adoption of crypto investing.

<div>Delta One offers a yield generation protocol built on the Solana network that provides users with delta-neutral and impermanent loss-free farming markets. The platform packages yield generation strategies into structured products and collaborates with institutional funds to develop automated delta-neutral strategies that require very little active management. Delta One is also working to build new lending markets, reserve currencies, and novel options products, which include power perpetuals that compose on top of the existing vaults.&nbsp;</div>

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

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 Delta One offers a yield generation protocol built on the Solana network that provides users with delta-neutral and impermanent loss-free farming markets. The platform packages yield generation strategies into structured products and collaborates with institutional funds to develop automated delta-neutral strategies that require very little active management. Delta One is also working to build new lending markets, reserve currencies, and novel options products, which include power perpetuals that compose on top of the existing vaults.&nbsp;
 
 
 As of May 2022, the protocol has a waitlist of over 100,000 participants, with over 10,000 community members. It was also used by crypto-based hedge funds such as Alameda Research, MGNR, Alley Corp, and Moonshot.&nbsp;
 
 
 In April 2022, Delta One raised USD 9.1 million in seed funding led by Alameda Research and Ship Capital. The funds were earmarked for product development as well as ecosystem growth for projects looking to integrate with the protocol.
 
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 MakerDAO is a DAO (governed through the MKR token) that manages the Maker Protocol.&nbsp;
 
 
 Developed on the Ethereum blockchain, the Maker Protocol allows users to place their funds (through cryptocurrency) as collateral in exchange for its stablecoin DAI, which is pegged to the USD. DAI can be used like any other cryptocurrency and even as savings since holders of DAI are entitled to a return based on the DAI Savings Rate (DSR). The DSR is determined by members of the DAO using a mix of public and proprietary market data. In October 2022, MakerDAO 
 <a href="https://sp-edge.com/updates/14067">
 passed a proposal
 </a>
 to separate its DAO into multiple self-sustaining units called MetaDAOs. These DAOs will be separate from Maker&rsquo;s broader governance system and will have their own community and token.
 
 
 MakerDAO offers access to investing and borrowing DAI through the Oasis app, developed by some of the creators of Maker Protocol. In addition, the Maker Protocol is available for developers of DeFi apps, who can build apps to facilitate earning, investing, and borrowing DAI. As of December 2021, the Maker Protocol integrated with over 400 applications, ranging from payments systems to gaming platforms. MakerDAO generates revenue through stability fees (akin to interest payment on borrowed DAI) and liquidation fees, which is an additional charge that occurs when the value of the submitted collateral falls below a set liquidation amount. 
 
 
 In April 2022, MakerDAO announced that it was bridging to StarkNet, a reportedly cheaper and faster zero-knowledge (ZK) overlay chain built by StarkWare. Along with its expansion on Ethereum, the DAO plans to move toward a multi-chain offering with this rebuild. It plans to roll-out this offering in 4 phases, beginning with a simple bridge between the main blockchain and StarkNet&rsquo;s Layer 2. &nbsp;
 
 
 In February 2023, the company 
 <a href="https://sp-edge.com/updates/16269?industryIds=64">
 launched a new lending platform
 </a>
 named Spark Protocol, to enable users to borrow, lend, and stake DAI, the protocol&rsquo;s stablecoin. The platform, which is a fork of Aave's version 3 (v3), will be built by Phoenix Labs, a research and development company formed by the DAO. Additionally, the company also announced deployment of etherDAI, a liquid staking derivative for Ethereum that will be pegged to the value of ETH. Furthermore, in March, MakerDAO went on to
 <a href="https://sp-edge.com/updates/17322">
 approve a number of new proposals 
 </a>
 that make changes to both its governance structure and the investment of its treasury. These changes divide the DAO&rsquo;s current structure into smaller self-governed and self-sustained units named SubDAOs, which will also have their own tokens in the MakerDAO ecosystem. Moreover, the proposal also planned to increase the protocol&rsquo;s revenues by investing a part of its reserves (worth USD 7 billion) into real-world assets and money-market funds. 
 
 
 Funding and financials 
 
 
 As of April 2022, MakerDAO had around USD 13.7 billion in total value locked (TVL).The company&rsquo;s most recent funding round was in April 2020 for an undisclosed sum. Previously, the company raised USD 27.5 million through the sale of its MKR token to Dragonfly Partners and Paragon to expand its operations to Asia. 
 
 
 
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MakerDAO

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 Founded by former executives of Qualcomm, Solana Labs is the developer of the Solana blockchain, which uses the native cryptocurrency SOL. The company enables developers to create decentralized applications in its blockchain and is capable of carrying out 50,000 transactions per second (TPS) with a theoretical upper limit of 710,000 TPS for the architecture. As of December 2021, the blockchain averaged around 2,500 TPS. This is in contrast to Ethereum’s average of between 13 to 15 TPS. In addition to transaction speed, Solana also has other advantages such as lower transaction fees and improved scalability, given the differences in its consensus mechanism and underlying architecture.
 
 
 As of December 2021, more than 400 projects were created using Solana, ranging across use cases such as DeFi, NFTs, and gaming.
 
 
 Key customers and partnerships
 
 
 In June 2022, Solana partnered with Edgevana, an edge colocation services provider, to deploy 500 bare metal servers in 32 of Edgevana's data center and colocation facilities across the globe. This enables validators to leverage Edgevana's product offering to increase the speed of setting up. 
 
 
 Funding and financials
 
 
 Total value locked (TVL) in DeFi projects across the Solana blockchain amounted to USD 6.4 billion as of April 2022. The company raised USD 314 million through an initial coin offering (ICO) of SOL. The ICO was co-led by Polychain Capital and Andreessen Horowitz. The funding was to be used to create a venture investing arm, a trading desk, and support the development of new applications in its blockchain.
 
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Solana

<div>
 
 Swiss-based Eidoo is a developer of a wallet that supports cryptocurrencies such as Bitcoin and Ethereum, along with tokens such as DAI, MKR, AAVE, and UNI, among others. In addition, Eidoo provides a DeFi marketplace that integrates with its wallet, allowing users to trade any tokens that they hold. Eidoo also offers a debit card that allows the conversion of digital assets into fiat currencies, such as the GBP and EURO, and spending or even withdrawing cash from ATMs.
 
 
 Eidoo began with the proprietary token EDO, which it also used to raise USD 27.9 million in an initial coin offering (ICO) in 2017. The token was then upgraded following its merger with blockchain oracle provider Provable Things to establish pNetwork, the infrastructure that facilitates cross-chain interactions between multiple decentralized apps, governed by the token PNT. To obtain an Eidoo debit card, users are required to stake PNT ranging from 20 to 200,000 for various service tiers.
 
 
 Eidoo had several applications such as virtual account numbers to deposit money and obtain a tokenized representation of their deposit as well as features to buy, hold, and trade NFTs in the roadmap as of December 2021.
 
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Eidoo

Synthetix is a DAO (governed by holders of its native token SNX) that offers a platform on which users can trade and vote on the creation of on-chain synthetic assets, which are derivatives based on real-world assets. These synthetic assets enable traders to capture the price movements of assets such as cryptocurrencies, fiat currencies, stocks, and commodities, among others, with zero slippage. The protocol allows users to stake SNX as collateral for the debt pool and earn weekly rewards. As of April 2022, Synthetix had USD 642 million in total value locked (TVL).Additionally, Synthetix also offers the opportunity for developers to build on top of the platform to tap into its liquidity as well as develop decentralized perpetual futures, options markets, deal coordination markets, and more. As of December 2021, the protocol served large DeFi platforms including 1inch, Curve Finance, Yearn Finance, and Paraswap.In February 2023, Synthetix <a href="https://sp-edge.com/updates/16609?industryIds=64">deployed version 3 (v3) of its platform </a>on the Ethereum mainnet. V3 reportedly offers more efficient architecture that enables developers to create products that offer a liquid market for any financial derivative, as well as more complex decentralized applications. Additionally, the solution also offers staking and differentiated debt pools, to enable stakers to earn fees from supplying collateral to specific asset pools. The company went on to deploy its protocol on Base, an Ethereum Layer-2 blockchain developed by Coinbase, in April 2024. Moreover, the company announced plans to launch a new perpetual futures exchange named Infinex in the following months. Funding and financialsIn March 2023, Synthetix <a href="https://sp-edge.com/updates/17267">received an investment of USD 20 million </a>from DWF Labs, a Web3 venture capital company. Synthetix plans to use this investment to drive volume for its protocol across both centralized and decentralized exchanges and invest in product development.

Synthetix

<div>
 
 Compound is an open-source lending protocol built on Ethereum that allows developers to build DeFi applications for functions such as deposits and lending. Compound offers adjusted money market interest rates based on asset-specific supply and demand and supports a number of Ethereum-based assets for users to take collateralized loans and lock-up assets without borrowing. Locked assets are automatically liquidated if an independent oracle determines that the price has dropped too low. Additionally, since assets are stored in a shared pool, even users with liquidated collateral can claim tokens if they are able to repay the general pool. Compound also 
 <a href="https://sp-edge.com/updates/13038">
 offers borrowing services
 </a>
 for institutional clients that allow them to borrow USD or USDC at a fixed annual percentage rate of 6% using cryptocurrencies such as Bitcoin or Ether as collateral, with a loan-to-value of 90%.
 
 
 
 
 As of April 2022, Compound has a total value locked (TVL) of USD 2.1 billion. The protocol is governed by its native-token COMP, which along with a variety of other digital assets that are a part of the Compound ecosystem, are supported by Coinbase Custody, a crypto asset custodian. In August 2022, Compound launched a version of its protocol named “Compound III” which features a single borrowable asset. Users can supply collateral that can never be withdrawn by other users (except during liquidation) and borrow USDC.
 
 
 
 
 In May 2022, Compound
 <a href="https://sp-edge.com/updates/10267">
 received a B- credit rating from S&P Global Ratings
 </a>
 on its enterprise credit facility which offers 4% annually on deposits of the stablecoin USDC. Notably, Compound claims that this is the first time an "institutional DeFi" product has been scored by a major credit rating agency.
 
 
 
 
 Funding and financials
 
 
 
 
 Compound’s last funding round was in November 2019 where it raised USD 25 million in a Series A led by Andreessen Horowitz’s a16z crypto fund to help the company further decentralize the protocol by enabling crypto exchanges and custodians such as Coinbase to maintain the protocol going forward.
 
 
 
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Compound

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

Promotes financial inclusivity, allowing those that won't traditionally have access to credit to raise funds

Companies with the infrastructure segment offer solutions for users to build decentralized applications

Organizations and protocols that allow individuals to lend their crypto assets and take out collateralized or uncollateralized loans from to/from these projects

Delta One

Decentralized Finance (DeFi)

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Delta One raises USD 9.1 million in seed funding

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