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Chapter One is a first-check crypto fund focused on the web3 economy. The limited partners include Sequoia Capital, Bessemer Venture Partners, Kleiner Perkins, and Lightspeed Venture Partners.

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Chain yield company Ground completes $3.6 million Pre-seed funding round, co-led by Bain Capital Crypto and ParaFi

Ground, a startup specializing in on-chain yield infrastructure, announced the completion of a $3.6 million Pre-seed funding round. The round was co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, and Consonant Ventures.Ground primarily provides APIs for fintech companies and asset management institutions, enabling them to integrate on-chain yield products into existing applications without requiring custom blockchain integration. Its target clients include fintech platforms, digital banks, wealth management institutions, exchanges, and asset management firms, aiming to build yield, savings, and investment products.

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Former OpenAI Engineer Founds Blackstar, Completes $12 Million Seed Funding Round

Odaily News: Daniel Edrisian, a former engineer from the OpenAI Codex team, has announced his departure to found AI hardware company Blackstar Computers. The company has completed a $12 million seed funding round led by Abstract, with participation from SV Angel, Naval Ravikant, Chapter One, and Timeless.Blackstar positions itself as a new type of computing device, aiming to redefine the computing experience from the hardware, software, and interaction levels. Edrisian stated that while current software development is mature, further enhancement of human-AI interaction requires innovation at the operating system level. The company currently has a team of about 8 people, distributed between San Francisco and Shenzhen, and has not yet launched a public product.

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