ArkStream Capital
ArkStream Capital is a crypto-native fund dedicated to accelerating Web3.0 unicorns. It is an early backer of AAVE, Polkadot, FLOW, The Graph, and Republic.
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Cancore Completes $7.2 Million Seed Round with Participation from Paper Ventures and Others
Cancore, a cross-chain trading platform built on the Canton network, has completed a $7.2 million seed round. The round was conducted through Simple Agreements for Future Tokens (SAFT), corresponding to a fully diluted valuation (FDV) of $60 million for its planned CNRX token.The round was participated in by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest allocations. Wasif Rashid, co-founder and CEO of Cancore, said the company began engaging with investors in June this year, officially launched fundraising in July, and closed the round in mid-September. (The Block)
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NeoSoul Completes $11 Million Pre-A Funding Round, Accelerating Expansion in the AI Economy
This funding round is supported by MH Ventures, Amber Group, ArkStream Capital, 0G Foundation, Kirin Capital, CatcherVC and New Oak International.
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ArkStream Founding Partner: Discussed Investment with Li Bojie, But Later Found the Contract Extremely Amateurish and Unclear on Unlock Terms
Ye Su, Founding Partner of ArkStream Capital, posted on X: "Li Bojie also approached us during the fundraising stage. At the time, we thought the project had a solid background and expressed interest. Later, during the due diligence phase, we found that Li Bojie deliberately conflated interested funds with those that had already invested. The contract he sent over was extremely amateurish, and the team hadn't even figured out how to unlock the tokens. One moment they said 'we'll decide then', and the next 'we can set a term for now', so we decided to pass."Ye Su also mentioned: "Having been in primary investments for 8 years, my deepest insight is that a founder's character has nothing to do with their talent. When founders are down and fundraising, they are very humble. But when they start to gain something, that is the true test of a person's integrity. Li Bojie is a perfect example. The fact that he dares to come out and respond shows he is brazenly cheating people out of their money."
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