- Athereum, Polygon and Solana co-founders invested in the startup
- The company plans to invest in cryptocurrency software projects
Cryptocurrency venture capital firm Credibly Neutral received a $5.5 million investment..
The project was funded by a group of investors, most of whom are co-founders of the Solana and Polygon blockchains.
Ethereum co-founder and ConsenSys founder Joe Lubin also participated in the funding round.
Firm Credibly Neutral was founded by Coinbase employee Victor Bunin and Aztec Protocol startup COO Lisa Cuesta Bunin. The company is based in Brooklyn and focuses on early-stage investments.
The startup plans to invest between $50,000 and $250,000 in all sorts of protocols, infrastructure and software-as-a-service (SaaS) cryptocurrency projects.
The company is also looking at layer 1 and 2 blockchains, DeFi projects, developer tools, analytics tools and the rails needed to convert fiat into cryptocurrency and back as a subject for investment.
Lisa Bunin elaborated on the goal of the project:
“We want to invest in teams and communities that create protocols, tools and products that enable open access and fuel innovation.”
We should note, that Credibly Neutral investors included cryptocurrency veterans such as Polygon co-founder Sandeep Nailwal, Solana co-founders Anatoly Yakovenko and Raj Gokal, and former Coinbase chief product officer Surojit Chatterjee.
Credibly Neutral is one of the first startups to raise funds in May 2023. In our article you can read where venture capital funds invested in April of this year.