Portfolio.

Each position reflects a thesis-level conviction — not
exposure. We back systems, not surface-level products.

01 / PORTFOLIO FRAMEWORK

Concentration over coverage.

We do not build diversified exposure. Each position
represents a system-level belief.

If a company is here, it matters.

01Target allocation: >15%
02Thesis-driven entry
03Multi-cycle time horizon
04Active involvement post-investment

02 / ENTRY LOGIC

Signals compound quietly. We focus on structural
indicators, not narrative momentum.

High Conviction

We don't spray and pray. We build concentrated positions in systems we understand deeply.

Target Allocation > 15%

Time Horizon

Multi-cycle alignment.

Thesis Fit

100% Alignment with modular stack theory.

03 / SIGNALS

What we track before
the market reacts.

SIGNAL_STRENGTH
98.4%
INFLECTION
Analysis
Economics
Performance
Scale

04 / SYSTEM ARCHITECTURE

Capital follows structure.

Every company maps to a specific system layer. This is how we think about capital deployment.

INFRASTRUCTURE
PROTOCOL
TOOLING

05 / CASE STUDIES

Portfolio Convictions.

Each company reflects a system-level belief, not surface-level exposure.

Velocore Exchange

Category: Protocol
Status: Active Conviction
WHY WE INVESTED

We believed liquidity infrastructure would fragment across execution environments. Existing coordination layers were not designed for low-latency, cross-domain settlement. Velocore addressed the problem at the matching-engine layer.

WHAT SIGNAL WE SAW
  • Developer migration occurring months before user demand
  • Stable throughput under volatility stress tests
  • Early infra adoption without marketing push
SYSTEM LAYER
Infrastructure
Protocol
Tooling
OUR ROLE
CapitalTechnical Advisory

Ion Grid

Category: Infrastructure
Status: Active Conviction
WHY WE INVESTED

Decentralized compute networks lack an efficient routing table for GPU availability. Ion Grid provides the indexing layer that allows models to train across distributed clusters without latency penalties.

WHAT SIGNAL WE SAW
  • Wait times for H100 clusters exceeding 4 months in centralized providers
  • Indexing efficiency improved by 400% in beta
SYSTEM LAYER
Infrastructure
Protocol
Tooling
OUR ROLE
CapitalGo-to-market

Synapse Key

Category: Tooling
Status: Active Conviction
WHY WE INVESTED

Institutional adoption is bottlenecked by key management. Multi-party computation (MPC) was too slow for high-frequency trading. Synapse optimizes the signing curve to allow institutional custody at retail speed.

WHAT SIGNAL WE SAW
  • Failed transaction volume due to signing timeouts increased 40% YoY
SYSTEM LAYER
Infrastructure
Protocol
Tooling
OUR ROLE
CapitalTechnical

Void Stream

Category: Protocol
Status: Active Conviction
WHY WE INVESTED

Zero-knowledge proofs were computationally expensive to generate on-client. Void Stream offloads proof generation to a decentralized solver network, reducing mobile client load by 99%.

WHAT SIGNAL WE SAW
  • Mobile battery drain complaints dominating top dApp support channels
SYSTEM LAYER
Infrastructure
Protocol
Tooling
OUR ROLE
CapitalResearch

06 / Founder Interface

Clarity & Speed.

We respect the builder's time. Our process is designed to be rigorous but efficient.

01 / SIGNAL

Direct Access

02 / FILTER

Noise Reduction

03 / VERIFY

Deep Dive

04 / ALIGN

Long-Term Fit

05 / EXECUTE

Decision

Why Sirex?

Structured for speed. Built by engineers. We remove friction so you can build the impossible.

Average Response Time
24 Hours
Technical Due Diligence
In-House
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