Loading organizations...
Frachtis is a crypto-native pre-seed venture capital fund operating without a publicly specified headquarters that provides early-stage capital to technical founders building decentralized infrastructure, artificial intelligence systems, blockchain middleware, and consumer applications. The firm deploys capital into early-stage cryptocurrency projects utilizing a thesis-driven investment approach emphasizing technical excellence and domain expertise. The organization recently closed its inaugural investment vehicle, Frachtis Fund I, securing $20 million in capital commitments during 2025. This initial fund received financial backing from several institutional and crypto-native limited partners, including recognizable entities such as Theta Capital, RockawayX, and Chorus One. The firm targets pre-seed and seed-stage investments across major blockchain networks, building an active portfolio that currently includes emerging technology startups such as OyaChat and Enclave. The venture capital firm Frachtis was officially founded in 2024 by Chief Investment Officer Xavier Meegan.
Key people at Frachtis.
Frachtis prioritizes investments in decentralized infrastructure, artificial intelligence, middleware, and consumer applications within the crypto space.
Frachtis operates as a pre-seed fund, focusing on supporting ambitious crypto founders in the earliest stages of their development.
Frachtis is a venture capital investment firm based in Portugal.
Frachtis prioritizes investments in decentralized infrastructure, artificial intelligence, middleware, and consumer applications within the crypto space.
Frachtis operates as a pre-seed fund, focusing on supporting ambitious crypto founders in the earliest stages of their development.
Frachtis is a venture capital investment firm based in Portugal.
Key people at Frachtis.
The firm's investment thesis centers on supporting builders across several key technological domains. These include decentralized infrastructure, artificial intelligence, middleware solutions, and consumer applications that leverage blockchain and crypto technologies.
Frachtis actively seeks out ambitious crypto founders with bold ideas. Its investment philosophy emphasizes backing these founders at the pre-seed stage, aiming to provide belief, clarity, and craft before their projects become widely apparent or obvious to the broader market.
Founders interested in securing early-stage funding can submit their project decks to Frachtis, as the firm regularly reviews submissions from the crypto community. This proactive approach underscores its commitment to identifying and nurturing nascent talent in the decentralized space.
Key personnel within Frachtis, such as Erwin Dassen, bring specialized expertise, including a background in cryptography with a PhD in mathematics and post-doctoral work in lattice-based cryptography, contributing to the firm's deep understanding of the technologies it invests in.
Frachtis has 5 tracked investments across 4 companies. The latest tracked deal is $15.0M Pre-Seed in Fireplace in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 17, 2026 | Fireplace | $15.0M Pre-Seed | Frachtis | Echo, Legion Capital America, White Star Capital |
| Feb 11, 2026 | GenFlux | $42.0M Seed | Symbolic Capital | Borderless Capital, Delphi Ventures, Dispersion Capital, Glasswing Ventures, Radical Ventures |
| Feb 10, 2026 | GenFlux | $4.2M Seed | Symbolic Capital | Borderless Capital, Delphi Ventures, Dispersion Capital, Glasswing Ventures, Radical Ventures |
| May 1, 2025 | Turtle Club | $6.0M Seed | Theia Ventures | Peter PAN, 7percent Ventures, A Capital, Ethereal Ventures, Fmfw.io, ParaFi Capital, Vitalik Buterin, Joseph Lubin, Ryan Fang, Yoann Turpin, Archimed Capital, Auros, Bodhi Ventures, Chorus ONE, ConsenSys, L2iv, Laser Digital, Moonhill Capital, RE7 Capital, Selini Capital, Shorewoods, Susquehanna, Trident Digital, Triton Liquid Fund, Tulipa Capital |
| May 21, 2024 | Blockless | $8.0M Seed | Frachtis, M31 Capital, NGC Ventures | Interop Ventures, MH Ventures, NO Limit Holdings, Plassa Capital |
