Exclusive Q2 2025 Funding Report now available for premium users. Read more
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Paper Ventures

Portfolio

20+
Mill City Ventures III
Mill City Ventures III
1 round invested
Gaia
Gaia
1 round invested
Limitless
Limitless
2 rounds invested
XSY
XSY
1 round invested
Camp Network
Camp Network
2 rounds invested
CAP
CAP
1 round invested
XXXXX
XXXXX
1 round invested
XXXXXXX
XXXXXXX
1 round invested

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Funding Rounds

Deals
20+
Latest Round
Jul 28, 2025
Mill City Ventures III raised $450 million led by Karatage with participation from M2, Paper Ventures, Comma3 Ventures, Protagonist, Selini Capital, ParaFi Capital, FalconX, dao5, Maven 11, Big Brain Holdings, Borderless Capital, Electric Capital, Arrington Capital, GSR, Galaxy, PANTERA Capital, Dr Jack Kong - NLABS Fund, and others.
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Co-Investors

StarkWare
Bringing transparent privacy and scalability to a blockchain near you.
StarkWare
Zac Williamson
Co-Founder & CTO at AZTEC Protocol.
Zac Williamson
Karel Kubat
Founder of Union Labs.
Karel Kubat
Protagonist
Solana’s Macalinao Brothers Double Down on Crypto Venture Fund.
Protagonist