All funds
Inflection logo

Inflection

$81Tdisclosed portfolio round capital
1 Nov, 2025last investment
17portfolio companies
5team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 21 Jul 2026 across pre seed, seed, series a, unknown. Later-round outcomes are capped at the period end.

23.5%companies with a later round · 4/17
2.56×median round-size step-up · n=3
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 18 syndicated
Finance · 3 companiesInfrastructure · 3 companiesAsset Management · 1 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.

People

Team

A

Alexander Lange

Founding GP

J

Jonatan Luther-Bergquist

GP

J

Jon Levin

Counsel

R

Rebecca M.

VP Finance

R

Robert S.

Director

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where Inflection is recorded as an investor.

Infrastructure

ARX Research makes secure NFC chips and open-source tools that connect physical items to on-chain assets and smart contracts. Its HaLo chips support cryptographic signing, authentication, and physically backed token use cases for brands, creators, and Web3 projects.

Seed1 Nov, 2025Syndicated · 5 disclosed investors
NFTs

Async Art has been sunsetted. This portal was created to allow anyone to continue to interact with Master/Layer based classic artworks. You can look up both Master and Layers by finding their token ID.

Seed1 Feb, 2021$2M roundSyndicated · 10 disclosed investors
Balancer logo

Balancer

crypto
Finance

Balancer helps traders swap tokens and liquidity providers earn fees through customizable automated market maker pools supporting multiple tokens with flexible weight distributions.

Unknown1 Jun, 2021$24M round
Unknown27 May, 2021$24T round
Unknown10 Feb, 2021$5T round
Series A1 Feb, 2021$5M round
Series A9 Nov, 2020$7T round
Strategic1 Nov, 2020
Seed24 Mar, 2020$3T roundSyndicated · 5 disclosed investors
Cryptosat logo

Cryptosat

crypto

Cryptosat develops crypto-satellites to enhance blockchain and cryptography security.

Seed28 Oct, 2022$3T roundSyndicated · 5 disclosed investors
Entropy logo

Entropy

crypto
Infrastructure

Entropy is an Autonomous Agent Network. It provides documentation, deployment resources, and cryptography research for its network.

Seed10 Jun, 2022$25T roundSyndicated · 14 disclosed investors
Preseed12 Jan, 2022$2T round
Seed1 Jan, 2022$2M round
Infrastructure

Fabric Cryptography develops the Verifiable Processing Unit (VPU), a programmable cryptography-focused chip and software stack. It aims to accelerate zero-knowledge proofs and other advanced cryptographic workloads for cryptographers, engineers, and blockchain infrastructure builders.

Series A19 Aug, 2024$33T roundSyndicated · 19 disclosed investors
Asset Management

Foundation Devices, Inc. builds open-source, security-focused hardware and software that let people control their own Bitcoin keys, digital identity, and high-stakes digital approvals. Its flagship product, Passport Prime, is billed as the first 'Human Authority Hardware' device, combining a Bitcoin hardware wallet, 2FA codes, security keys, and encrypted storage into a single verifiable device. Foundation serves individual Bitcoin holders, privacy-focused users, developers building on its KeyOS platform, and enterprise teams needing hardware-based approval workflows.

Unknown1 May, 2026$6.4M round
Pre-Seed1 Jun, 2021$2.5M roundSyndicated · 8 disclosed investors
Holoworld logo

Holoworld

crypto
Social

Holoworld helps users create and interact with AI-powered virtual characters through a decentralized social platform.

Seed1 Jul, 2022$6.5M roundSyndicated · 18 disclosed investors
ICHI logo

ICHI

crypto
Finance

ICHI is a non-custodial DeFi protocol for automated liquidity management. It enables single-token deposits into automated vaults that deploy concentrated liquidity across AMMs for token projects, DAOs, asset managers, and blockchain ecosystems.

Seed1 Feb, 2022$3.5M roundSyndicated · 16 disclosed investors
Iron logo

Iron

hybrid
Payments

Iron is MoonPay’s stablecoin infrastructure brand, offering API-first banking and payment products for businesses. It serves enterprises, fintechs, payment service providers, wallets, exchanges, treasuries, payroll providers, and remittance platforms.

Series A1 Aug, 2022$13M roundSyndicated · 6 disclosed investors
Seed1 Oct, 2021$4.5M roundSyndicated · 7 disclosed investors
LabDAO logo

LabDAO

crypto

Stealth

Unknown1 May, 2023$3.6M roundSyndicated · 15 disclosed investors
Modulus Labs, Inc. logo

Modulus Labs, Inc.

out of scope
Security

Modulus Labs developed specialized zero-knowledge provers to make AI outputs verifiable and accountable, including for on-chain applications. It was acquired by Tools for Humanity in December 2024, where its team became the Applied Research team supporting World Network.

Seed1 Nov, 2023$6.3M roundSyndicated · 8 disclosed investors
Developer Tooling

Otterspace provides non-transferable badges for DAOs (Decentralized Autonomous Organizations) to represent membership, influence, permissions, reputation, and rewards.

Pre-Seed13 Oct, 2022$3.7T roundSyndicated · 8 disclosed investors
Particle logo

Particle

crypto
Finance

Particle is an ecosystem of liquidity restaking protocols that enable permissionless leverage trading and interest rate swaps.

Strategic1 Jun, 2024
Seed11 Jan, 2024Syndicated · 12 disclosed investors

Sarcophagus is a decentralized crypto project and dead man's switch built on Ethereum and Arweave. It features a V2 application, SDK, and smart contracts, allowing users to encrypt and store files that are only decrypted for a recipient if the creator fails to perform a specific action in time. The network is supported by 'Archaeologist' node operators and governed by the SarcophagusDAO.

Unknown9 Jan, 2022$5.5T roundSyndicated · 14 disclosed investors
Senken logo

Senken

out of scope
Service Provider

Senken is a carbon-credit procurement partner for European enterprises. It evaluates climate projects using its Sustainability Integrity Index, sources high-integrity carbon-credit portfolios, and provides procurement, retirement, and audit-ready compliance documentation.

Unknown27 Jan, 2023$7.5T roundSyndicated · 6 disclosed investors
Seed1 Oct, 2022
Superordinary Inc. logo

Superordinary Inc.

out of scope

Salsa is a platform for music communities offering insights into fan activities.

Pre-Seed1 Feb, 2023$2M roundSyndicated · 16 disclosed investors