Greg Carson
Managing Partner
- Over 20 years in tech, VC investing & investment banking, at UBS Investment Bank, and GU Ventures
- Head of Ventures/Corp Dev of XBTO Group
- M&A 25+ deals in 20 countries($2.4B)
- UCSD, MIT, UPenn
- Wharton MBA
Collaborative.
Disciplined. Transformative.
Investing in Secondary Opportunities in the Financial Markets Ecosystem
Humla /Hum-la/
Humla Ventures develops a new venture capital market segment as a dedicated secondaries and distressed investor into Fintech/Blockchain/AI Venture Capital with a multi-cycle venture platform centered on Financial Markets Transformation companies.
XBTO Ventures invests in world-class entrepreneurs transforming markets and ecosystems, with a focus on finance, artificial intelligence, and Crypto-finance. Learn more about our deal flow and strategy.
XBTO Humla Investments Portfolio
-
42.cx
AI financial opportunity database and trading
CEO: Attila Gergely
acquired -
6529 NFT Fund
NFT investment platform
CEO: Jeffrey Bandman
6529.io/capital/fund/ -
Amber
Wallet & micro-investment application
CEO: Aleksandar Svetski
amber.app -
Anboto
CEXs and DEXs trading execution platform for institutional investors
CEO: Guillaume Forcade
www.anboto.xyz -
Bitwave
Tax and accounting platform for crypto
CEO: Patrick White
www.bitwave.io -
Block Earner
Investment platform for DeFi products
CEO: Charlie Karaboga
blockearner.com.au -
Calculum
financial supply chains data-as-a-service
CEO: Oliver Belin
www.calculum.ai -
Coral Defi
Digital Assets' Alternative Investment Platform
CEO: David Namdar
www.coralcapital.io -
credora
Credit and Clearing Infrastructure for Institutional Trading
CEO: Darshan Vaidya
credora.io -
Decrypt
Crypto and technology-centered media platform
CEO: Josh Quittner
decrypt.co -
Deribit
Digital asset derivatives exchange
CEO: John Jansen
www.deribit.com -
DimensionStream
AR Real time transmitted 3D Video & secure comms
CEO: Ulf Assarsson
www.dimension.stream -
Ethernal Labs
Digital artwork & Collectible outlet
CEO: Nick Rose Ntertsas
ethernallabs.com -
Sudrania
Fund administration services
CEO: Nilesh Sudrania
formidium.com -
Glassbeam
Data and predictive analytics for connected medical machines
CEO: Puneet Pandit
www.glassbeam.com -
GRIPNR
Web3 gamming on the blockchain
CEO: Patrick Comer
gripnr.com -
HRP
Prime brokerage, clearing, and financing
CEO: Marc Asch
hiddenroad.com -
HodlHodl
P2P Bitcoin lending & trading platform
CEO: Max Keidun
hodlhodl.com -
Impervious
Bitcoin Lightning Network p2p data transmissions and payments
CEO: Chase Perkins
www.impervious.ai -
InspireSemi
High-Performance Computers and AI accelerators developer
CEO: Alexander Gray
inspiresemi.com -
Kwik
Last-mile delivery service
CEO: Romain Poirot-Lellig
kwik.delivery -
Lukka(Libra)
Accounting software for Bitcoin and crypto assets
CEO: Jake Benson
lukka.tech -
Monax
Digital signatures & smart contracts
CEO: Casey Kuhlma
monax.io -
Nammu21
Credit digitalization platform
CEO: Someera Khokhar
nammu21.com -
Nayms
Insurance-linked smart contracts
CEO: Dan Roberts
nayms.com -
Oxio
Mobile internet exchange for data usage & services
CEO: Nicolas Girard
oxio.com -
Paradigm
Digital asset OTC chat & settlement
CEO: Soumya Nettimi
www.paradigm.co -
Popcorn
Investment platform for Defi and hedge fund plans
CEO: Michael Kisselgof
popcorn.network -
Purpl
Remittance aggregator and all-in-one digital wallet
CEO: Karl Naim
purplme.com -
Relay Pay
Digital currency payment solution
CEO: Charlie Karaboga
relaypay.io -
RoundTable
Decentralized-digital-media platform
< href="https://www.linkedin.com/in/jamescheckman/" target="_blank"> CEO: James Heckman
www.roundtable.io -
Stablehouse
World's only stablecoin clearing house
CEO: Philippe Bekhazi
www.stablehouse.com -
Tea XYZ
Blockchain and Web3 toolkit and package development platform
CEO: Max Howell
tea.xyz -
Unocoin
Cryptocurrency exchange in India
CEO: Sathvik Vishwanath
unocoin.com/in/ -
Valkyrie
alternative asset management
CEO: Leah Wald
valkyrieinvest.com -
Vic.ai
Artificial intelligence bookkeeping
CEO: Alexander Hagerup
www.vic.ai -
Zion
Decentralized social network built on Bitcoin
CEO: justin Rezvani
zion.fyi
Including all investments advised or oversought by XBTO Humla Venture Capital: Including XBTO, XBTO Ventures, Fund investments, SPVs, and Fund Investments
Team
We are a team of veteran private equity & hedge fund professionals, entrepreneurs, investment bankers, data scientists, software developers, accountants and company builders committed to exceptional returns for investors and helping scale transformative businesses.
Our firm sits upon the XBTO global infrastructure, with over 70 traders, market makers, programmers, and cryptofinance professionals and thought leaders all over the world. Deal flow, due diligence, and key macro insights are easily accessible.
Venture capital is about integrity, relationships and investment access. Our network, built through decades of successful investing, deals, speaking engagements, philanthropy, and providing expertise in global forums for business leaders and governments is a key differentiator.
- Veterans in Markets Finance.
- Veterans in Technology Finance.
- Veterans in Global Business.
- Veterans in Digital Assets and Fintech.
- A combination of track record and specialised focus unique in Private Equity.
Hugues Dongmo
Investment Manager and Vice President, Venture Capital
- 14 years of experience in derivative pricing and risk management at HSBC, Societe Generale, SOFI, and more
- Experience with equity research in public and private markets in emerging markets
- Passionate salsa dancer, long-distance runner, rollerblader, and scuba diver
- Columbia Business School, MBA
Kasia Kostun
Investment Manager and Senior Associate, Venture Capital
- 8 years of financial and project management experience at General Electric, NYU and private equity firms
- NYU Stern School of Business, MBA
- Saxophone player in a brass band, water sports and free diving lover
Strategy and Platform
XBTO
XBTO was founded in 2015 as the first entity to provide institutional grade liquidity for digital assets and continues to grow and shape the market. At XBTO Humla we invest in early-stage companies transforming the financial ecosystem. Through strong partnerships, resources, community, and co-investor networks, we provide both capital and guidance with the goal of helping founders build a better financial system.
Strategic LP & Partner
We believe a deep support network increases the probability of a company's success, and also results in deeper insights and accelerated growth. As a result, we have created a unique venture capital model for today's exceptional fintech companies. XBTO has deep relationships with a network of market makers, blockchain strategists, banks and strategic partners, connecting you to the business leaders who may be your future clients, investors, board members, etc.
Co-Investors
XBTO Humla Ventures has an extensive investor network to help our portfolio companies secure future financing from quality, institutional and Ultra High Net Worth investors.
Community
Online communities give VC companies a more efficient way to facilitate communication across various network segments. However, at XBTO Humla we believe in strengthening the virtual connections with in-person events. As a result, XBTO Humla has been the proud sponsor of the Bitcoin Conference and the jersey sponsor of its local team, Inter Miami.
Humla
Resources
XBTO Humla is a resource for early-stage companies paving the new economy. Humla assists portfolio companies with a range of services including marketing, branding, communications, staffing, design, and strategy. Every portfolio company benefits from the full backing of XBTO Humla and its affiliates.
Partnerships
Our network of partners is our biggest added value. Before founding XBTO, our leadership has led Wall Street hedge funds and investment banking teams, built successful businesses, backed entrepreneurs, and enabled great success stories. XBTO has created an ecosystem for companies, thought leaders, and influencers to connect and thrive together.
Investment Philosophy
We lead the evolution of the fintech ecosystem as one of the biggest and most reputable innovators and investors in digital assets and seize the best early-stage prospects. XBTO Humla utilizes a global network of top VCs, industry titans, and co-investors in addition to an exclusive transaction flow.
XBTO Humla Investment Strategies
Defi/NFT Infrastructure micro fund
Reach out to the investing team for further information.
Strategic LP & Partner
Our network, technology-first philosophy, and deep blockchain origins make us particularly adept at identifying high-potential- early stage startups. Our five-year track record and constant striving for improvement give us confidence in our strategy.
Growth Fund
Reach out to the investing team for further information.
Venture Fund of Funds
We regularly provide SPV opportunities to our LPs and investment partners. These SPV direct investment opportunities are typically focused on growth or early stage companies that are excess capacity alongside our fund or part of our participation rights from our portfolio. If you'd like to receive regular opportunities, please click here.
Financial Ecosystem transformation
With its counter positioning and its superior value proposition, Bitcoin is transforming vast swaths of our economy. We based the fund thesis on the upcoming changes to our financial system and exposed our investors to the value generation of this disruptive technology.
SPVs
We regularly provide SPV opportunities to our LPs and investment partners. These SPV direct investment opportunities are typically focused on growth or early stage companies that are excess capacity alongside our fund or part of our participation rights from our portfolio. If you'd like to receive regular opportunities, please click here.
xAlpha Multi-Strategy Hedge Fund
XBTO develops various strategies in the crypto markets. xAlpha, Humla's partner, is a liquid strategy developed in collaboration with XBTO Asset Management and Appian Way.
The fund seeks to exploit our knowledge and success in digital asset trading and investing to construct an ALPHA focused fund with low volatility, leveraging our risk management skills. We will be deploying capital across digital assets, equities, FX, interest rates and derivatives. Learn more
Events
The Philosophy of Success: Thinking Ten Years Ahead
GoldSilverBitcoin Show #50 - Greg Carson
MCC 2019: Greg Carson - Venture Capital Investing in the Utility of Bitcoin and Markets
Bitcoin 2021: How To Invest In The Bitcoin Ecosystem
The transformation of everything - CfC St Moritz 2022
Peter McCormack interview with Greg Carson on: Bitcoin & the Financial Transformation
Reach Out
LP Fund Investment Information
LP Fund Investment Information
Entrepreneur Application for Investment
Entrepreneur Application for Investment
Bitcoin/Web3.0/Crypto Training Database
MONEY
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| Functions of money | self-study | Book: The Bitcoin Standard (Chapter 1) | ||
| Money demand and supply and gov money | self-study | Book: The Bitcoin Standard (Chapter 4) | ||
| Money and Time Preference | self-study | Book: The Bitcoin Standard (Chapter 5) | ||
| Individual Freedom | self-study | Book: The Bitcoin Standard (Chapter 7) | ||
| Digital Money | self-study | Book: The Bitcoin Standard (Chapter 8) |
CRYPTOCURRENCIES
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| Bitcoin Explained | self-study | Book: Mastering Bitcoin |
||
| Bitcoin White Paper | self-study | Bitcoin White Paper |
||
| Bitcoin theory | self-study | 21 Days of Bitcoin: Bitcoin Explained | Antoine's talk |
|
| Bitcoin Technology* | self-study | Alvaro's talk |
||
| Bitcoin Myths | self-study | Crypto Theses for 2022 | ||
| Bitcoin and Financial Transformation | self-study | Book: The Internet of Money | ||
| The Future of Bitcoin | self-study | |||
| Bitcoin and Energy Consumption | self-study | Bitcoin Energy Consumption |
||
| Ethereum Explained | self-study | Book: Mastering Ethereum |
||
| Intro to Ethereum | self-study | Book: Mastering Ethereum (Chapter 1) | ||
| Intro to Ether | self-study | Book: Mastering Ethereum (Chapter 2) | ||
| Ethereum Gas | self-study | Book: Mastering Ethereum (Chapter 7) | ||
| Smart Contracts | self-study | Book: Mastering Ethereum (Chapter 7) | ||
| Stablecoins Explained | self-study | Book - How to DeFi: Beginner - Chapter 5 | ||
| Altcoins | self-study | Book: Mastering Bitcoin (Chapter 9) |
BLOCKCHAIN
Sub-Topic |
Mode of training |
Reading (book) |
Reading (articles) |
Podcast or video |
|---|---|---|---|---|
| Blockchain Explained | self-study | Book: Mastering Bitcoin (Chapter 7) | ||
| Proof of Stake | self-study | |||
| Proof of Work | self-study | |||
| Blockchain Applications | self-study | |||
| Platforms | self-study | |||
| Ethereum | self-study | |||
| Cardano | self-study | |||
| Solana | self-study | |||
| Ripple | self-study | |||
| Stellar | self-study | |||
| Polkadot | self-study |
LIGHTNING NETWORK
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| Lightning Explained | self-study | Lightning Network Paper | ||
| Multisignature Wallet | self-study | A Deep Dive Into Lightning as a Bitcoin Scaling Solution_CoinDesk Research |
||
| Lightning Channel Nodes | self-study | |||
| Payment Channel | self-study | |||
| How to use Lightning Network | self-study |
CRYPTO EXCHANGES
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| Binance | self-study | |||
| Coinbase | self-study | |||
| FTX | self-study | |||
| Bitstamp | self-study |
WALLETS
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| What is a Crypto Wallet? | self-study | |||
| MetaMask | self-study | What is MetaMask? | ||
| Blockstream Green | self-study | |||
| Coinbase | self-study | |||
| Ledger | self-study |
DEFI
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| DeFi Explained | self-study | Book - How to DeFi: Beginner - Chapter 2 | ||
| Decentralized Exchanges | self-study | Book - How to DeFi: Beginner - Chapter 7 | ||
| AMM | self-study | Book - How to DeFi: Beginner - Chapter 7 | ||
| Liquidity Pools | self-study | Book - How to DeFi: Beginner - Chapter 7 | ||
| Yield Farming | self-study | Book - How to DeFi: Beginner - Chapter 9 | What Bitcoin Did Podcast: Bitcoin Borrowing and Lending Markets |
|
| Staking | self-study | Book - How to DeFi: Beginner - Chapter 9 | Staking Vs. Yield Farming Vs. Liquidity Mining – Key Differences |
|
| Lending and Borrowing | self-study | Book - How to DeFi: Beginner - Chapter 6 | ||
| Crypto Derivatives | self-study | Book - How to DeFi: Beginner - Chapter 8 | ||
| Deribit | self-study | |||
| Binance (Futures) | self-study | |||
| Bybit | self-study | |||
| FTX (Derivatives) | self-study | |||
| DeFi Protocols | self-study | Book: Mastering Ethereum (Chapter 12) | ||
| Aave | self-study | |||
| Compound | self-study | |||
| Polygon | self-study | |||
| Sushiswap | self-study | |||
| Synthetix | self-study | Book - How to DeFi: Beginner - Chapter 8 | ||
| Uniswap | self-study | Book - How to DeFi: Beginner - Chapter 7 |
TOKENOMICS
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| Tokenomics Explained | self-study | |||
| DAO | self-study | |||
| Tokens | self-study | Book: Mastering Ethereum (Chapter 10) | ||
| ICO | self-study | Book: Mastering Ethereum (Chapter 10) | ||
| Valuation | self-study | Valuation of crypto-assets |
NFTs
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| NFTs Explained | self-study | |||
| self-study | ||||
| NFT Platforms | self-study | |||
| OpenSea | self-study | |||
| SuperRare | self-study | |||
| NFT Utility | self-study | |||
| How to make money with NFT? | self-study |
WEB 3.0
| Subtopic | Mode of training | Reading (book) | Reading (articles) | Podcast or video |
|---|---|---|---|---|
| Web 3.0 Explained | self-study | Report: Framing the Future of Web 3.0 by Goldman Sachs |
||
| Metaverse | self-study | |||
| Blockchain Polkadot | self-study |
Books & Courses
Courses
| Course Name | Format | Price | Start date | Link |
|---|---|---|---|---|
| DeFi Academy | Online + Weekly workshops | $2,497 FOUR WEEK PROGRAM | beginning of January 2022 | https://londonreal.tv/defi-academy/?utm_source=londonreal&utm_medium=sidebar_cta&utm_campaign=defi |
| Decentralized Finance (DeFi): The Future of Finance Specialization | Online | Coursera prices (free if only videos) | whenever | https://www.coursera.org/specializations/decentralized-finance-duke |
| Blockchain & Bitcoin 101 (Ivan on Tech) | Online | whenever | ||
| DeFi 101 | Online | whenever | ||
| DeFi 201 | Online | whenever | ||
| Crypto Academy | $249.00 USD |
Books
| Theme | Book Name | Link |
|---|---|---|
| Crypto & Blockchain | The Bitcoin Standard by Saifedean Ammous | |
| Crypto & Blockchain | Mastering Bitcoin by Andreas M. Antonopoulos | |
| Crypto & Blockchain | Mastering Ethereum by Andreas M. Antonopoulos | |
| Crypto & Blockchain | The Internet of Money by Andreas M. Antonopoulos | |
| Crypto & Blockchain | Bitcoin Billionaires by Ben Mezrich | |
| Crypto & Blockchain | The Fiat Standard by Saifedean Ammous | |
| DeFi | How to DeFi: Beginner by Kain Warwik | |
| DeFi | DeFi and the Future of Finance | |
| Lightning | Mastering Lightning by Andreas M. Antonopoulos |