2023 - Build market > Bear market

Actually, we never felt it was like a proper winter. The building kept us busy, and we barely noticed how quickly the market had moved. Our predictions and plans for 2023 have all become a reality, with some of them pleasantly exceeding our expectations.

Let's proceed with the recap.

Our Presence

During 2023, we visited major crypto events such as Consensus in Austin, Eth CC in Paris, Token 2049 in Singapore, Devconnect in Istanbul, and ETH hackathons and conferences in Dubai, Bangalore, Zurich, Prague, as well as ZEBU in London.

Moreover, Rene also took the stage in 13 panel discussions and served as a judge on various demo days.

These in-real-life events led to the creation and later the nurturing of valuable connections with partners with whom we have been cooperating. We also expanded the network of contacts, enabling us to bring even more value to our current, and also potential portfolio companies.

Our 2023 decision making and vision for 2024

During 2023 we have invested in 14 projects across multiple verticals. We believe there have been two major innovations in recent years.

The first one is restaking, which will be dominated by EigenLayer, and we are honored to be part of their journey.

The second one is fully homomorphic encryption, where we are convinced about the inevitability and bright future of Mind Network. In a massively oversubscribed round, we have secured the allocation.

The 2023 infrastructure investments portfolio also includes DeBridge, Mode Network, Shardeum, and Altlayer.

DeFi investments include Mangata Finance, Hydro, ZKEX, and Delta Prime.

We tend to focus extensively on applications, though there hasn't been a sector that has convinced us to invest yet, except for gaming. In 2023, we invested in gaming infrastructure — GameSwift (already listed on the secondary market, being traded at ~60X from our initial Seed investment) , Miomi, Ready GG, and the only direct in-game investment—My Pet Hooligan.

Our story continues

Our story begins with a group of individuals spending hours in front of a Telegram group, engaging in conversations and pooling in early-stage deals back in 2017.

This group later evolved into the largest Czechoslovakian community of investors. In 2023, we introduced a solution for syndicated deals for this and other communities in the form of Angels Squad DAO. Moonhill Capital has led eight syndicated deals during 2023, successfully onboarding the entire Czechoslovakian investor landscape. Additionally, we have initiated expansion by establishing an ambassadors network across Europe.

We're not slowing down - Quite the opposite

The first Pitch Point event that we organized was held during Devconnect week on November 17th and featured a panel discussion with Valeria Kholostenko [LBank Labs], Lionel Pek [The Spartan Group], Nikos Karamangiolis [Signum Capital], and Rene Darmos [Moonhill Capital].

You can read the full story of the Pitch Point debut in Istanbul in this article, or watch the video below.

Expect to see us in 2024

Bringing value to projects is something we understand, believe in, and enjoy at the same time. We've been learning, and we are aiming to master the art of value addition, thanks to our partners and mentors.

Expect to see us in 2024. It will be a ride!