Teal Mountain
Investment thesis

Backing the next generation of digital infrastructure


Blockchain and decentralised technology are moving from speculation to real infrastructure: payments, markets, data and the tokenisation of real-world assets.

We back early-stage teams building that infrastructure, bringing a finance-trained view of business models and token economics, and an operator’s understanding of how industry actually adopts new technology. We invest on our own account, which lets us move quickly, write focused cheques and stay patient alongside founders.

Focus areas

Where we invest


Blockchain infrastructure

Protocols, scaling, interoperability and the tooling developers build on.

Decentralised finance

Markets, payments and financial primitives, including prediction markets.

Tokenisation

Bringing real-world assets, including resources and commodities, on-chain.

Industrial and AI technology

Data, AI and connectivity startups with clear industrial use cases.

For founders

What we bring


  • Early-stage investment, typically pre-seed to Series A
  • Input on business models, token economics and capital strategy
  • Feedback on product fit for industrial and enterprise users
  • Support preparing for pilots, procurement and partnerships
  • Introductions across our mining and technology network
What we look for

Investment criteria


  • A real problem with users willing to pay or participate
  • Technical founders with credibility in their field
  • Early traction: users, pilots, partners or on-chain activity
  • A credible path to scale beyond one site or customer
  • Sustainable token design and a responsible approach to regulation