Investments
83Portfolio Exits
9Funds
5Latest Shrug Capital News
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.

Shrug Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/21/2023 | Seed VC | Mona Lee | $3.25M | Yes | Coalition Operators, Ludlow Ventures, Pags Group, Palm Tree Crew Crypto, Plug and Play Ventures, and Undisclosed Investors | 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 | |||||
4/11/2023 | Seed VC |
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 | ||
Amount | $3.25M | $33.47M | $4.3M | ||
New? | Yes | No | Yes | ||
Co-Investors | Coalition Operators, Ludlow Ventures, Pags Group, Palm Tree Crew Crypto, Plug and Play Ventures, and Undisclosed Investors | BOLDstart Ventures, Robot Ventures, and Undisclosed Investors | |||
Sources | 2 | 7 | 2 |
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 | 2 | |||
Date | 10/23/2023 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
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 | ||||
Shrug II | |||||
Shrug III | |||||
EI Fund I |
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 | ||||
Status | Closed | ||||
Amount | $3M | ||||
Sources | 1 |
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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