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Venture Capital
shrug.vc

Investments

83

Portfolio Exits

9

Funds

5

About Shrug Capital

Shrug Capital is a venture capital firm based in Silicon Valley investing in consumer startups.

Headquarters Location

1075 Astoria Drive

Sunnyvale, California, 94087,

United States

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Latest Shrug Capital News

AI-Backed Web3 Security Firm Olympix Raises $4.3M

Jul 11, 2023

Olympix, a startup that aims to bring scalable security to Web3, has announced the recent close of a $4.3 million seed funding round that was led by Boldstart Ventures. Other participants included Robot Ventures and Shrug Capital, among others. The investment marks the latest in a growing trend of venture capitalists backing artificial intelligence-backed crypto companies. Founded in June 2022, Olympix puts security tools in the hands of developers who are just starting to build projects to minimize the risks of smart contract vulnerabilities that can cost time and money to go back and fix. Olympix utilizes AI to scan the code as a developer types, making security suggestions that can be solved with one click. Olympix founder Channi Greenwall previously led a product team at security ratings provider SecurityScorecard that was focused on endpoint security. She had also served as a security engineer on JPMorgan’s cyber defense team. “Out of the many wins Olympix has had over the past year, I’m most proud of the results of our static analyzer private alpha,” wrote Greenwall in the announcement post. “With 30+ companies participating, including Blockdaemon, Rysk Finance, and Arrakis Finance, we’ve become a trusted part of the developer workflow not just to find and fix vulnerabilities, but help the developer become more sophisticated through real-time micro-teaching moments. Most notably, our private alpha has helped developers secure over $300 million in assets since its launch.”

Shrug Capital Investments

83 Investments

Shrug Capital has made 83 investments. Their latest investment was in Mona Lee as part of their Seed VC on September 9, 2023.

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Shrug Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/21/2023

Seed VC

Mona Lee

$3.25M

Yes

2

7/24/2023

Series B

Lula

$33.47M

No

7

7/11/2023

Seed VC

Olympix

$4.3M

Yes

BOLDstart Ventures, Robot Ventures, and Undisclosed Investors

2

6/1/2023

Seed VC

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$99M

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10

4/11/2023

Seed VC

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$99M

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10

Date

9/21/2023

7/24/2023

7/11/2023

6/1/2023

4/11/2023

Round

Seed VC

Series B

Seed VC

Seed VC

Seed VC

Company

Mona Lee

Lula

Olympix

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Amount

$3.25M

$33.47M

$4.3M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

BOLDstart Ventures, Robot Ventures, and Undisclosed Investors

Sources

2

7

2

10

10

Shrug Capital Portfolio Exits

9 Portfolio Exits

Shrug Capital has 9 portfolio exits. Their latest portfolio exit was AppX on October 23, 2023.

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

10/23/2023

Acquired

$99M

2

8/22/2023

Acquired

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$99M

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10

8/15/2023

Acquired

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$99M

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10

6/29/2023

Asset Sale

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$99M

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10

6/26/2023

Acquired

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$99M

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10

Date

10/23/2023

8/22/2023

8/15/2023

6/29/2023

6/26/2023

Exit

Acquired

Acquired

Acquired

Asset Sale

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Shrug Capital Fund History

5 Fund Histories

Shrug Capital has 5 funds, including Shrug Capital.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2018

Shrug Capital

Early-Stage Venture Capital

Closed

$3M

1

4/16/2018

Shrug Capital Fund

$99M

10

Shrug II

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10

Shrug III

10

EI Fund I

$99M

10

Closing Date

12/31/2018

4/16/2018

Fund

Shrug Capital

Shrug Capital Fund

Shrug II

Shrug III

EI Fund I

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$3M

$99M

$99M

Sources

1

10

10

10

10

Shrug Capital Team

1 Team Member

Shrug Capital has 1 team member, including current Managing Partner, Niv Dror.

Name

Work History

Title

Status

Niv Dror

Managing Partner

Current

Name

Niv Dror

Work History

Title

Managing Partner

Status

Current

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