A100x Launches $50 Million Fund II Backing Early Stage Companies in AI, Digital Assets, and Blockchain
PR Newswire
BOSTON and NEW YORK, May 16, 2025
Backed by institutions, family offices, fund of funds and industry executives, A100x builds upon its proven track record of backing companies that are building applications and middleware to solve real world challenges
BOSTON and NEW YORK, May 16, 2025 /PRNewswire/ -- A100x is pleased to announce its second fund, a $50 million vehicle dedicated to supporting aspiring early stage founders in artificial intelligence (AI), digital assets, and blockchain, and is strategically designed to foster the next generation of companies that are building applications and middleware to solve real world challenges and foster enterprise and consumer adoption. There is no better time than during this US administration to support these technologies.
Nisa Amoils and Sal Ternullo are the partners of the fund, joined by Frank Amato as venture partner and a team of analysts. Amoils has been a venture investor in these sectors since 2016. As a securities lawyer by training and having worked in media co-producing and hosting The Business of Blockchain show and writing for Forbes, she is uniquely well positioned to add value to early stage founders. Ternullo has been focused on emerging technologies since 2015. Prior to joining venture, he co-led KPMG's digital assets advisory business in the U.S. and worked at State Street where he advised the bank on security and auditability related to the adoption of machine learning and blockchain. Amato spent eighteen years as a derivatives trader and precious metals market maker at J.P. Morgan and has been an active angel investor in these sectors.
"A100x was purpose-built to provide more than just capital to our partner founders," said Sal Ternullo, Managing Partner of A100x. "As longstanding, experienced, and passionate investors in the rapidly evolving AI, digital assets, and blockchain space, we aim to bring deep operational and domain expertise to our portfolio of founders, and are proud to be a trusted partner to founders seeking to realize these technologies that address real world challenges. We are grateful for the support of our backers who have chosen to invest in our fund."
The fund has been in operation since mid 2024 and has already made 15 investments. Previous early investments made by the team in blockchain and AI include companies such as:
- Blockdaemon - a complete institutional solution for seamless, secure, and efficient web 3 services for large banks and financial institutions
- Coreweave - provides purpose built cloud services that power the AI revolution
- Nansen - provides data analytics to crypto investors
- Risczero - democratizing zero knowledge proof technology making it available for developers everywhere
- Securitize - making real world assets available to institutions and investors through tokenization, a process that registers ownership rights on blockchain
- Champtitles - automobile digital title management and registration for local and state governments
- Mythical Games - a solution for developers and game publishers to integrate ownership and a secondary economy into games
The current fund has backed projects such as the recently launched Anymal Foundation, which provides a programmable onchain identity layer for animals, ensuring better care, transparency and innovation across pet care, livestock equine, wildlife and more. It also backed Testudo, a technology that allows insurance companies to underwrite the risk of artificial intelligence lawsuits.
For more information about A100x and its current portfolio of companies, please visit www.a100x.vc.
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SOURCE A100x
