Axiom seeking
to raise
third venture fund
Axiom is pleased to announce we are setting out to raise our third venture fund. To help with these efforts we are excited to welcome Sean Bill, cofounder and CIO of BSTR, as a strategic advisor.
Our thesis is straightforward: Bitcoin is the most important innovation in our lifetime and it will eventually touch every process in finance, energy, and software. In order to reach this level of adoption, a vast amount of infrastructure will have to be built. We believe that a well-run, diligent, and concentrated allocation to the best companies building on Bitcoin in the verticals we deem to be the most attractive at this stage of adoption is amongst the best long-term investment one can make besides Bitcoin itself. In our view, the best way to positively impact Bitcoin’s appreciation is to make exactly this investment.
Furthermore, we believe this is not at all well understood. The wider traditional finance community may have become excited by ETFs and treasury companies, but most couldn’t tell you the first thing about Lightning, mining, eCash, Ark, or Zero Knowledge Rollups, amongst many other avenues of frenetic innovation. In our minds, this underscores the imperative for Bitcoin founders to raise capital prudently. We believe nothing will destroy a Bitcoin company faster than an investor pressuring the founding team to issue a token. This is the core of our competitive advantage: we are respected not only as Bitcoin investors, but as Bitcoiners.
Part of the focus of this fund will be on breakthrough technologies in Bitcoin for which we have a deep technical appreciation, but which are not at all (yet!) widely understood: Lightspark’s Spark, eCash mints, stablecoin issuance on Lightning, and the growing utilization and robustness of the Lightning Network itself. That said, we expect a focus in this fund on two scaling approaches in particular: Ark and Zero Knowledge rollups. Across Funds I and II we are the only investors in both Alpen Labs and Ark Labs, the leading developers of these cutting-edge technologies, and hence we are also thrilled to have Ark Labs CEO Marco Argentieri and Alpen Labs CEO Sims Gautam advising the fund in a technical capacity.
Outside of this nascent technology, we will continue to support our strongest portfolio companies from Funds I and II by making follow-on investments, while also pursuing compelling new investment opportunities that align with the fund’s mandate. Across all deployment avenues, we expect to have preferential access due to our expertise, network, and reputation for thought leadership.
If you are a qualified purchaser or accredited investor and would like to learn more, please reach out to invest@axiomventures.vc
This communication is not an offer to sell or invest in a strategy or investment vehicle (each a “Fund”) managed or sponsored by Axiom Venture Management LLC or its affiliates (“Axiom”), or any other security. Such an offer will only be made pursuant to the delivery of the related organizational and offering documents for a Fund (the “Organizational Documents”), which will be furnished to qualified investors only. The information contained herein does not purport to be complete and is qualified in its entirety by the applicable Organizational Documents.
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