10n8 Little Dragon
Stealth
All fundscrypto 
crypto
out of scope
hybrid
crypto
crypto
crypto
crypto
crypto
out of scope
crypto
Analyst signals
Portfolio activity and matriculation
Metrics use all recorded activity through 21 Jul 2026 across pre seed, private, seed, series a, strategic, unknown. Later-round outcomes are capped at the period end.
18.2%companies with a later round · 2/11
0.00×median round-size step-up · n=2
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 12 syndicated
Finance · 3 companiesGaming · 2 companiesInfrastructure · 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. 1 ambiguous legacy rounds were excluded.
People
Team
No team details are available yet.
Portfolio
Investments
Full financing histories for portfolio companies. Highlighted rounds are those where Spicy Capital is recorded as an investor.
Bitflow
Finance
Bitflow is a decentralized exchange and liquidity platform for Bitcoin markets on Stacks. It enables Bitcoin users and liquidity providers to trade, swap, bridge, automate recurring purchases, and earn trading-fee yield without custodial intermediaries.
ChronoForge
Gaming
ChronoForge is an MMORPG framed as a global social experiment. Players engage in combat with 12 different classes and upgrade factional airships. A key feature is the 'ChronoForge', a world-threatening technology whose use is decided by weekly player votes.
GPU.NET
Infrastructure
GPU.NET is a decentralized GPU compute network that unifies geo-distributed datacenters, an on-demand GPU marketplace, and its own GAN CHAIN L1 blockchain into a single platform for AI training, simulation, and creation. It offers enterprise managed services (cluster management, data preparation, model optimization) alongside its ASTRA AI product suite (video, image, agents, model APIs). Its clients range from enterprises and AI developers needing large-scale compute to Web3 builders and validators participating in its subnet marketplace and $GPU token economy.
InceptionLRT
InceptionLRT is a platform for decentralized liquid staking, described as a modular layer of curated solutions that bridge shared security with restaking rewards to unify network security.
Liquidium
Finance
Liquidium is a decentralized, non-custodial cross-chain lending protocol. It lets users supply native crypto assets to earn yield or borrow stablecoins against collateral such as Bitcoin, without centralized custody, wrapping, or traditional bridges.
OpenStamp
NFTs
OpenStamp provides Bitcoin STAMPS and SRC-20 services, including minting, marketplace trading, asset exploration, launchpad functionality, and tools. It also offers LeapX for moving supported BTC mainnet assets into RGB++, BTC L2, and other assets.
OrangeDX
Stealth
Unknown1 Mar, 2024$1.5M roundSyndicated · 7 disclosed investors
Sending Network
SendingNetwork is a decentralized communication layer for Web3, providing developers with a full-stack SDK to integrate secure, private, and peer-to-peer communication features like wallet-to-wallet messaging into their dApps. It aims to create a low-cost, efficient, and censorship-resistant internet infrastructure. Its flagship application, SendingMe, is a decentralized instant messaging app built on the network.
Shadow War
Gaming
Shadow War is a next-generation, free-to-play, hero-based hybrid action title built in Unreal Engine 5 for competitive and casual gamers. It is developed by Patriots Division, a globally distributed game development company focused on creating next-generation digital experiences with a player-first design philosophy.
stabble
Finance
stabble is a Solana-native decentralized exchange and automated market maker. It provides swaps, liquidity pools, concentrated liquidity pools, staking, and liquidity-management features for traders and liquidity providers.