Venture

DETAILS

We invest in crypto native infrastructure, finance, and platform companies. Mostly at the earliest stages.

Stratos exist to fund people shaping our digital future. Today we focus on funding those building in web3, defi, and blockchain.

We're a different type of firm. We've founded and scaled protocols. We run infrastructure on behalf of our investments. We do more.

From creating the world's first decentralized credit market with Goldfinch to delivering 10x better developer experiences with Fuel and Subspace.

We invest at the earliest stages and work in the trenches with you to create something great.

INVESTMENTS

TEAM

Rennick Palley
Rennick Palley

Founding Partner

Rennick Palley

Founding Partner

Rennick founded Stratos in 2016.​ As the Founding Partner, Rennick is responsible for investment decisions, transaction execution, and board involvement. Before founding Stratos, Rennick held the position of Research Associate at Sanders Capital, a $40 billion global equity manager founded by Lewis Sanders, formerly Chairman & CEO of AllianceBernstein L.P. and Chairman and CEO of Sanford C. Bernstein & Co., Inc. Rennick was one of ten investment professionals at the firm and reported directly to Lew.

Rennick credits the evolution of his investment philosophy and process to the influence of Lew and the team at Sanders, which embody a heritage of best in class research established at Bernstein Research. Rennick holds a Bachelors of Science in Applied Mathematics and a Bachelors of Science in Mechanical Engineering, both from Southern Methodist University, and a Masters in Quantitative Finance from the Massachusetts Institute of Technology. Rennick is a founding team member, investor, and advisor to The Goldfinch Protocol, a decentralized finance project backed by the best founders and investors in the fintech and DeFi ecosystem.

Daniel Scrivner
Daniel Scrivner

General Partner

Daniel Scrivner

General Partner

Daniel began his career as a designer focused on marketing, branding, and product design. He's worked with many of the world's most prestigious brands including Apple, Square, Nike, Disney, and Target. He served as Square's Head of Design for 6 years and scaled their design team from 3 to 40+.

In early 2019, he took over as the Chief Executive Officer for the productivity software Flow to turn the company around. Over the subsequent 2 years, he reimagined the business and product to bring the company back to profitability and organic growth after it spent years contracting in revenue and growth 5-8% MoM.

Daniel has served as an advisor to many of the best venture capital firms in the world including Notation Capital, Avenir Growth, Foundation Capital, and Designer Fund. Daniel has personally invested in more than 150 companies including early Seed bets on Notion, Public, Superhuman, Filecoin, and GoodEggs — all now valued at well over $1B.

At Stratos, Daniel works across our venture funds to make investments and provide hands-on help with everything design related to our portfolio companies.

Eli Nuss
Eli Nuss

Web3 and DeFi Analyst

Eli Nuss

Web3 and DeFi Analyst

Eli assists with our DeFi and Web3 practice, supporting our investment research process, sourcing opportunities and generating content. Prior to joining Stratos, Eli was a Research Assistant at Lawrence Livermore National Laboratories, where he focused on particle physics research. Eli holds a degree in Physics from Pacific Union Collage and a Masters in Technology Systems from Western Governors University.

Kitae Kim
Kitae Kim

Data Scientist

Kitae Kim

Data Scientist

As a Data Scientist, Kitae assists with our investment sourcing and research processes in addition to generating data-driven content. Prior to joining Stratos, Kitae was a Data Analyst at Iowa Baseball and a Research Assistant at Lawrence Livermore National Laboratories, where he focused on particle physics research. Kitae holds a degree in Physics and Mathematics from Pacific Union College and a Masters in Statistics from University of Iowa.

Mar
2022

Subspace Raises $32.9M in a New Round led by Pantera Capital

Subspace Raises $32.9M in a New Round led by Pantera Capital

Subspace Raises $32.9M in a New Round led by Pantera Capital

Subspace Labs, developer of Subspace Network, today announced the completion of a US$32.9 million strategic financing round led by Pantera Capital with participation from Stratos, Coinbase Ventures, Crypto.com, Alameda Research, ConsenSys Mesh, KR1, Hypersphere Ventures, Alumni Ventures Blockchain Fund, GSR Ventures, Eniac Ventures, Bixin Ventures, Definancex, Candaq, Vendetta Capital, Illusionist Group, NGC Ventures, Cabin VC, Gate Ventures, OneBlock Capital, and Automota Network.

Subspace is a new eco-friendly, scalable layer-one blockchain that is able to serve as an infrastructure layer for the entire Web3 ecosystem. From NFT based gaming and metaverses to cross-chain applications, Subspace brings smart storage at Internet scale.

“With the support of our investors, Subspace is re-envisioning the types of apps that can be stored on and secured by a blockchain. We are excited to empower builders with the tools and services they need to unlock the next wave of innovation in Web3.”

— Jeremiah Wagstaff, co-founder and CEO at Subspace Labs

The Subspace Network provides a decentralized and trust-minimized alternative to traditional cloud providers, such as Amazon Web Services (AWS). It is built around a new eco-friendly, massively scalable layer one blockchain that is carefully designed to serve as a decentralized infrastructure layer for the entire Web3 ecosystem. Subspace will allow existing blockchains, layer two protocols, and dapps to scale without compromise.

“Pantera is thrilled to join Subspace as an investor to support its mission to build the foundational infrastructure for Web3. The R&D behind the Subspace Network’s scalability architecture will resolve critical issues holding back the growth of the blockchain industry as a whole.”

— Joey Krug, Co-Chief Investment Officer at Pantera Capital

Read coverage on TechCrunch