Today, we are announcing $28M in total funding, including our $15M Series A led by @tether with participation from @NorthIslandVC 🧵

Prediction markets are becoming institutional. The infrastructure underneath them needs to catch up.

Today, Furnace is coming out of stealth.

We’ve raised $3.5M led by @NorthIslandVC, with participation from @vaneck_us, @recvcx, @hi_Reverie, and angels from The Depository Trust (DTCC), Public, and Commonweal Ventures.

We started Furnace around one question:

What does this contract actually represent?

As prediction markets expand across venues, the same economic exposure can be represented through contracts with different names, structures, rules, timing, and settlement mechanics. Some represent the same underlying exposure. Others look similar but are materially different.

Traditional financial markets rely on common identifiers and reference data to represent instruments and exposures consistently across trading, position, and risk systems. Prediction markets are developing without that common framework.

Furnace is building it.

We assign persistent canonical identities to economic exposures and map venue-specific instruments to them, while preserving the differences in rules, settlement, and other terms that can matter.

This gives institutions and builders a common foundation for integrating prediction markets into existing financial infrastructure and building new products around them.

Our goal is to create a common language for prediction-market exposures, making them consistently identifiable and usable across financial systems and products.

We’re grateful to our investors and partners who have helped us get here.
If you’re trading, building, or creating infrastructure around prediction markets, we’d love to talk → furnaceinfra.com

Earlier this year, after almost five years as a quant trader at Old Mission, I left to start @FurnaceInfra.

Today, we’re coming out of stealth.

We’ve raised $3.5M led by @NorthIslandVC, with @vaneck_us, @recvcx, @hi_Reverie, and a great group of angels also participating.
growing quickly, but the infrastructure underneath them needs to catch up. The same economic exposure can trade across multiple venues without a common way to identify and represent it across financial systems.

That’s what we’re building at @FurnaceInfra: persistent identities for prediction-market exposures and a consistent reference layer across venues, while preserving the differences in rules, terms, and settlement that matter.

Really excited to be building this with my identical twin @AndrewSiff_ and longtime friend @RizkGabriel. Grateful to everyone who has helped us get here.

If you’re trading prediction markets, building around them, or thinking about how they fit into financial infrastructure, I’d love to chat.

furnaceinfra.com

Less than 10 months after launch, Third Prime preempted our round. Today we're sharing it: @limitedgrouphq's Seed is now $18.5M!

Thank you, @farmer_vc and the whole @thirdprimevc family, for seeing the traction early. @NorthIslandVC , who led our original Seed, doubled down and @Collab_Currency , and we're welcoming @paraficapital , @PharsalusCap , @DCGco , 1982 Ventures and Onigiri Capital as new investors. Thank you also to @arche_capital and @SevenXVentures for backing us from the start!

The problem is simple. A company operating across Mexico, Dubai and Hong Kong still moves money through slow wires, opaque FX and a patchwork of local banks, losing money even on transfers between its own entities.

Limited puts it all in one place:
→ US, EU, UK, LATAM and Africa business accounts, with no US or other local entities required
→ Payments to 170+ countries, with local-currency payouts in 60+ currencies
→ Stablecoin rails under the hood, so money moves in real time, for free
→ Corporate cards and spend controls for the whole team
→ Accounting integrations that keep your books in sync
→ DeFi access and yield in a few clicks, within your bank account

A group of dispirite upstarts with no pedigree built the world's most popular open source agent harness, and they're now enabling some of the world's biggest companies to own their own intelligence.

Nous is a legendary company story in the making.

Congrats @dillonrolnick @karan4d @Teknium @theemozilla on the $90M Series B!

As AI centralizes power, the demand for self-sovereign alternatives will soar - that's why NIV backed @NousResearch , @AskVenice , and now @AntSeed . Big congrats to @AmosMeiri on the launch.

My favorite part about this job is getting to back extraordinarily capable founders who are driven by a deep, authentic, and important purpose. These folks are truly very rare. @ErikVoorhees @jesseproudman fit the bill. Honored that @NorthIslandVC is an investor in @AskVenice

We believe that Agentic Finance will be one of the great trends of this next era.

Here's the presentation in which we describe the roots of this thesis, market map this early space, and make a few predictions: docsend.com/view/yhr9tzs5m…

Excited to announce we’ve raised $6.4M to build MNX, the AI exchange!

At NIV, we've been seeing tremendous growth clustering around the intersection of AI, Stablecoins, DeFi, and Fintech. This has led us to believe that agentic finance, defined broadly, will be one of the biggest trends of the next decade.

Indeed, we believe that 1) AI agents are true economic actors, able to discover, negotiate, and transact, 2) there will be billions of such agents within 5-10 years, engaging in trillions of dollars in annual transactions, 3) these agents will need new financial systems, markets, infrastructure, and tools, which will unlock applications and experiences that are hard to imagine today, and create tremendous value.

This is one of our main areas of focus, so if you're working in this space, please get in touch.

Full Deck Here: lnkd.in/emSGsGDK

We are making three key hires @NorthIslandVC

1) VC Associate to work with me to find and back the best startups in crypto.

2) Equity Research Analyst to work with @samuelmandrew to find the best public markets opportunities, particularly in equities.

3) Software Engineer to work with our stellar CTO on building bleeding edge AI tools

All jobs and applications can be found at the link below

northisland.ventures/jobs

Meet Hermes Agent, the open source agent that grows with you.

Hermes Agent remembers what it learns and gets more capable over time, with a multi-level memory system and persistent dedicated machine access.

What if every time it's over...

You could always bounce back.

Bounce Tech: Private beta now live👇

We analyzed 200 talks from @solana Breakpoint '25 totaling 20 hours of content using NIV's AI Summarizer to bring you the takeaways from each day and detailed summaries of each talk for those that want to get in the weeds. See link below @SolanaConf
breakpoint25.northisland.ventures

This was an incredible convo with @samuelmandrew from @NorthIslandVC

We cover
- Market response since October 10th and why we're more optimistic looking forward
- Key Themes Sam is investing against in 2026
- L1 vs App Valuation
- Are Apps vs Wallets better businesses
and more

GEODNET numbers looking good.

$6M revenue growing +200% YoY with 20k miners in more than 5k cities.

While increasing token burn monthly.

Nice work to @mikeahorton and team.

We are excited to announce our partnership with @hillclimbai to create a model that can take on the world's most difficult mathematics challenges.

We're not even scratching the surface. Eventually, people will understand why businesses on @CantonNetwork or @provenancefdn built on-chain businesses of a whole different scale that CT is not ready for.

Excited to be minting $YLDS on @SuiNetwork! This is the beginning of moving @Figure assets to other L1s to support DeFi, fiat rails and more while continuing to leverage @provenancefdn - in this case as the TA ledger for the security. More to come!

figure.com/newsroom/annou…