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Plassa Capital operates as an early-stage venture firm that provides foundational capital to builders and protocols within the evolving crypto ecosystem. The firm backs teams constructing the "onchain future," focusing on open financial infrastructure for decentralized finance, physical infrastructure projects bridging real-world assets with blockchain incentives, TradFi infrastructure for institutional digital asset markets, and innovations in AI and consumer applications. Plassa identifies and supports projects poised to redefine established systems.
The firm was established in 2021 by Yash Chopra and Thenjiwe Dlamini, who recognized the nascent potential for a complete overhaul of traditional financial systems through decentralized technology. Their shared conviction in the long-term impact of blockchain and crypto-native solutions led to the creation of Plassa Capital, aiming to partner with founders from the earliest stages who possess a relentless drive to build transformative platforms.
Plassa Capital’s clientele comprises founders at the pre-seed and seed stages who are developing long-term, impactful protocols and companies. The firm’s vision centers on enabling the reconstruction of the next financial system from first principles, providing patient capital and strategic support to teams that demonstrate multi-year conviction in their technological approaches. Plassa seeks to facilitate the development of a more efficient and accessible global financial landscape.
Plassa Capital has 4 tracked investments across 4 companies. The latest tracked deal is $8.0M Seed in Blockless in May 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 21, 2024 | Blockless | $8.0M Seed | Frachtis, M31 Capital, NGC Ventures | Interop Ventures, MH Ventures, NO Limit Holdings |
| Apr 15, 2024 | OpenTrade | $3.2M Seed | — | Andreessen Horowitz, CMCC Global, Draper Dragon, Sino Global Capital |
| Apr 11, 2023 | Absolute Labs | $8.0M Seed | — | Vanessa Grellet, Quentin Reyes, Abhay M., NEAR Foundation, Punja Global Ventures, Samsung Next, Julien Pageaud, The Luxury Fund, W3I |
| Aug 1, 2022 | Old Street Digital | $3.0M Seed | TIM Draper | Angel Investor, Draper Associates |