Investor profile
Scytale Ventures (Scytale Digital)
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Scytale Digital is a blockchain-focused investment management firm deploying capital at the "bleeding edge of next-generation technologies." Founded in 2017, the firm believes that blockchain's concept of trustlessness — removing the need to rely on third parties by encoding every interaction in open-source, immutable code — will revolutionize financial services, gaming, energy, and beyond. Scytale invests in early-stage blockchain and Web3 projects across multiple ecosystems, with a particular emphasis on the Polkadot multichain and interoperability thesis: "the future of blockchain is multichain and interoperable." Its funds (Horizon I, Horizon II, and the Polkadot Ecosystem Fund) target high-potential startups in infrastructure, gaming, DeFi, real-world assets, and decentralized compute, providing both capital and ecosystem development support.
Notable quotes
“We believe wholeheartedly in gaming as a vehicle to bring about mass adoption of blockchain tech and are proud to be a partner and lead this round of investment.”
“You don't need to trust the other person that you're interacting with. But rather, you have a trust in the system, because the code is open source, and validation is open source.”
“Hyperbridge represents the next evolution in secure cross-chain interoperability. Seun's deep expertise and innovative approach ensure that Hyperbridge addresses the critical security flaws of traditional bridges and sets a new standard for verifiable and unstoppable interoperability.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Flappy Bird Foundation | Seed | $2m | 2024-09-26 |
| Hyperbridge | Seed | $3m | 2024-09-11 |
| Mythical Games | Series C | $37m | 2023-06-27 |
| Tanssi | Seed | $6m | 2023-02-02 |
| Axelar | Seed | — | — |
| Centrifuge | Seed | — | — |
| Astar Network | Seed | — | — |
| Polkadot | Pre-seed | — | — |
| Ocean Protocol | Pre-seed | — | — |
| Energy Web | Pre-seed | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Web3 Foundation | 2 |
| Animoca Brands | 2 |
| Andreessen Horowitz (a16z) | 1 |
| ARK Invest | 1 |
| Kenetic Capital | 1 |
| KR1 | 1 |
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