Archetype
Archetype is an early-stage venture capital firm focused on supporting the next generation of crypto entrepreneurs and speeding up the decentralized future.
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Venice AI Completes $65 Million Funding Round at $1 Billion Valuation
Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.
Coinbase
Creek
Venice
Turnkey Completes $12.5 Million Strategic Financing, with Participation from Circle Ventures and Sequoia Capital
Turnkey, a company specializing in crypto wallets and key management infrastructure, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. The project's total funding has now exceeded $65 million.The company's primary business involves developing wallet and key management infrastructure for crypto applications. This round of financing will be used to support the development and public launch of Turnkey Verifiable Cloud, a product focused on digital asset security computing. This product aims to provide enterprises with verifiable operating environments, encompassing functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Turnkey's current clientele includes Polymarket, World App, and Anchorage Digital.
Anchorage
Circle
CoinDesk
Galaxy
Galaxy
Polymarket
Nava Secures $8.3M Seed Round Led by Polychain and Archetype
According to Fortune, blockchain startup Nava has announced the completion of an $8.3 million seed funding round, co-led by Polychain and Archetype, aiming to prevent anomalous operations by AI financial agents through a custody and verification framework. Nava’s solution locks funds via custodial services; once an AI agent proposes a transaction, an on-chain verification mechanism assesses whether the transaction aligns with the user’s intent—only compliant transactions are executed, while non-compliant ones leave funds in custody. All verification decisions are publicly recorded on the blockchain for reference by other AIs. Nava currently operates as a Layer 3 blockchain on Arbitrum and plans to deploy a parallel chain on Tempo; it will also issue a native stablecoin in the future to support protocol operations. Nava’s infrastructure serves both individual users and institutions, enhancing asset security and transaction transparency.
Arbitrum
Tempo