Metalayer Ventures, a crypto – focused venture capital firm led by former executives from Chainlink and Two Sigma, has launched a $25 million fund to invest in early – stage blockchain projects. The firm’s co – founder David Winton developed a proprietary data platform called Moirai to help Metalayer analyze developer activity, protocol engagement, and blockchain transaction patterns to uncover promising projects.
“Moirai is our internal sourcing engine for identifying early – stage crypto startups,” said Mickey Graham, former head of growth at Chainlink Labs. “The platform is designed to help us systematically surface high – quality startups, and it evaluates opportunities across several key dimensions,” he added.
The system gives Metalayer an edge by accessing metrics that aren’t readily available through conventional sourcing methods. It helps the firm identify promising teams early, before they hit the typical venture radar. Automated investor co – pilot tools in Moirai help assess qualified opportunities by complementing qualitative assessments with benchmarking metrics around protocol usage, adoption, and growth.
Metalayer’s fund has already backed seven companies, including Anchor Zero, a platform helping crypto founders use Roth IRAs for tax advantages, and Spark Capital, a new venture focused on stablecoin infrastructure. Other portfolio companies include Ethena, ClearToken, Crossover Markets, Station 70, and Theo, an onchain trading infrastructure project that recently raised $20 million from 17 different VC firms.
Related topic:
