FU

Fulgur Ventures — Seed VC Firm

VC

Fulgur Ventures is a Seed venture capital firm investing in Developer Tools, AI / ML, Fintech. The firm has 70 portfolio companies in our records.

Portfolio
70 companies on record
Partners
1 listed
AUM
$500M
Stage
Seed
Sectors
Developer Tools, AI / ML, Fintech, Security
Check size
Not in our records

Last verified: 2026-10-25

How to approach: cold outreach ok
Stage

Seed

AUM

$500M

Portfolio

70+ companies

Team

1 partner

Investor activity
Last known investment: 2025

Investment Thesis

Bitcoin and crypto infrastructure investor with a bias toward security and protocol-level companies. Useful for trust, identity, and enforcement layers tied to economic activity on-chain.

How Fulgur Ventures invests

Fulgur Ventures is a vc firm. The firm invests at the Seed stage, with a focus on Developer Tools, AI / ML, Fintech, Security.

Fulgur Ventures manages approximately $500M in assets. Our records include 2 funds raised by the firm.

Investing since at least 2019, Fulgur Ventures has backed 70 companies in our records, including Utexo, Lendasat, Resolvr. Its most recent recorded investment was in 2025.

Partners & Team

OM

Oleg Mikhalsky

Partner

Industry Focus

Invests In

Developer Tools
AI / ML
Fintech
Security

Funds

Fulgur Ventures II

$150M2021
actively investing

Fulgur Ventures I

$100M2019
fully deployed

Portfolio Companies (70)

2025

UT

Utexo

Utexo builds enterprise infrastructure enabling financial institutions, wallets, and exchanges to process USDT stablecoin payments natively on Bitcoin via Lightning and RGB.

LE

Lendasat

Lendasat is a peer-to-peer platform offering Bitcoin-collateralised loans in stablecoins or fiat using Ark, with no rehypothecation, KYC, or credit checks.

RE

Resolvr

Resolvr builds Bitcoin-native insurance technology including embedded coverage, real-time premium management, and DLC-based dispute resolution and oracle infrastructure.

LA

Layerz

Layerz is a Bitcoin-first, non-custodial wallet that unifies access to Bitcoin Layer-2 ecosystems including Lightning, Liquid, Spark, Ark, Citrea, Botanix and Rootstock.

JI

Jiko

Jiko is a US bank and brokerage platform that gives institutions and corporates direct access to T-bills as a treasury management tool, combining banking with secure short-term Treasury investments.

ME

Meanwhile

Meanwhile is a Bermuda-licensed life insurance company offering whole-life policies fully denominated and paid out in Bitcoin, using AI-powered underwriting.

HO

Hoseki

Hoseki provides white-label APIs for real-time Bitcoin proof-of-ownership and proof-of-reserves, serving institutions and consumers across regulated workflows.

KO

Komainu

Komainu is a regulated institutional digital-asset custodian created as a joint venture between Nomura, CoinShares and Ledger, providing secure custody for financial institutions.

LO

Lombardor

Lombardor is a Hamburg-based, Bitcoin-only fintech building regulated infrastructure for euro loans secured by Bitcoin.

LE

Lexe

Lexe is a self-custodial Bitcoin and Lightning wallet that runs each user's node inside Intel SGX hardware enclaves in the cloud, providing 24/7 uptime without custodying keys.

How to pitch Fulgur Ventures
  • •Raising at Seed? You're squarely in their sweet spot.
  • •Lead with your fit in Developer Tools, AI / ML, Fintech — the sectors they actively back.
  • •cold outreach ok
  • •Address your outreach to a specific partner, such as Oleg Mikhalsky, Partner.
  • •A warm introduction beats a cold email. Get matched and request an intro.

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