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castleisland.vc

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Investments

33

Portfolio Exits

2

Funds

5

About Castle Island Ventures

Castle Island Ventures is an early stage venture capital firm exclusively focused on public blockchains.

Castle Island Ventures Headquarter Location

1 Broadway 16th Floor

Cambridge, Massachusetts, 02142,

United States

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Research containing Castle Island Ventures

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CB Insights Intelligence Analysts have mentioned Castle Island Ventures in 2 CB Insights research briefs, most recently on Apr 12, 2021.

Latest Castle Island Ventures News

Africa’s crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent

Sep 29, 2021

Pan-African cryptocurrency exchange,  Yellow Card , announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent. The round was led by Valar Ventures, Third Prime, and Castle Island Ventures with participation from Square, Inc., Blockchain.com Ventures, Coinbase Ventures, Polychain Capital, BlockFi, Fabric Ventures, Raba Partnership, MoonPay, GreenHouse Capital, and more. Chris Maurice, co-founder and CEO of Yellow Card, expressed the significance of this round of investment for Yellow Card’s future. “Our mission has always been to make cryptocurrency accessible anywhere and everywhere across the African continent,” he said. “Now, we have the backing to make that a reality, alongside an amazing team of investors who share our vision.” Since launching in Nigeria in 2018, the U.S. and Africa-based Yellow Card team has sought to make cryptocurrencies like Bitcoin, Ethereum, and USDT Stablecoin accessible to anyone in Africa. The company now has the largest geographical footprint on the continent, with a presence in 12 countries, 110 employees across 16 countries, and a nearly 30x increase in users across Africa since the start of the pandemic. Related Articles July 19, 2021 “Africa is poised to benefit tremendously from cryptocurrency’s potential to transform financial services,” Valar Ventures’ James Fitzgerald said. “We believe in Yellow Card’s vision of a Pan-African cryptocurrency platform. What cemented the deal is their multi-national team, which we believe has the local knowledge, technical expertise, and unequivocal passion to address the basic financial services needs of the continent.” This news comes on the back of a new report from Chainalysis, which listed six African nations in the top 20 on the Global Crypto Adoption Index. Yellow Card wants everyone to know that Africa should be seen as a prominent region for crypto adoption. “This raise is a validation that Africa has a major place in the crypto industry,” said Yellow Card’s Chief Bitcoin Officer, Munachi Ogueke. “With the access that Yellow Card brings, powered by this raise, we can now let crypto proliferate and be a reliable enabler for people across the continent.” Facebook Comments

Castle Island Ventures Investments

33 Investments

Castle Island Ventures has made 33 investments. Their latest investment was in TYB as part of their Seed VC on November 11, 2021.

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Castle Island Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/9/2021

Seed VC

TYB

$2.22M

Yes

1

11/8/2021

Seed VC

Meow

$5M

Yes

1

9/27/2021

Series A

Yellow Card

$15M

Yes

7

8/26/2021

Series A

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$99M

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10

8/9/2021

Series A - II

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$99M

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10

Date

11/9/2021

11/8/2021

9/27/2021

8/26/2021

8/9/2021

Round

Seed VC

Seed VC

Series A

Series A

Series A - II

Company

TYB

Meow

Yellow Card

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Amount

$2.22M

$5M

$15M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

7

10

10

Castle Island Ventures Portfolio Exits

2 Portfolio Exits

Castle Island Ventures has 2 portfolio exits. Their latest portfolio exit was ErisX on October 20, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/20/2021

Acquired

3

00/00/0000

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10

Date

10/20/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

3

10

Castle Island Ventures Fund History

5 Fund Histories

Castle Island Ventures has 5 funds, including Castle Island Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/8/2021

Castle Island Ventures II

$50M

2

Castle Island Ventures II-A

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$99M

10

CIV Opportunity Series Co-Invest I

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$99M

10

CIV Opportunity Series Co-Invest I

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$99M

10

Castle Island Ventures

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$99M

10

Closing Date

2/8/2021

Fund

Castle Island Ventures II

Castle Island Ventures II-A

CIV Opportunity Series Co-Invest I

CIV Opportunity Series Co-Invest I

Castle Island Ventures

Fund Type

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Status

Amount

$50M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Castle Island Ventures Team

1 Team Member

Castle Island Ventures has 1 team member, including current General Partner, Sean Judge.

Name

Work History

Title

Status

Sean Judge

General Partner

Current

Name

Sean Judge

Work History

Title

General Partner

Status

Current

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