Co-founder and Managing Partner at Proxima. Managing portfolio at Kronos Ventures. Ex. Lone Star Funds, BofA @proxima_xyz https://nitter.cf/t.co/swDNBrmqH1
Global
Joined April 2021
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David retweeted
fomo led its first round with 140 angels and currently has 200+ angels on our cap table.
early founders almost always get company <> angel investor dynamics wrong.
u should view angel investors as call options on ur PRODUCTS success.
u may get a major tech CEOs/celebrities/athletes/etc. on ur cap table, but the chances of them being helpful early are near zero.
as u scale and build something ur angel investors are actually excited to use and proud to share, u unlock more and more individuals who become naturally compelled to share ur product with the rest of the world.
David retweeted
AI agents in finance sound powerful but the harder question is how much control institutions are willing to give them.
At the DFNS Institutional Stage, Douglas Hsu (@0xDougie) from CMT Digital (@CMT_Digital), Josh Lee (@equanimist) from ShardLab (@0xShardLab), and David Cai (@SingularityMemo) from Proxima Investments (@proxima_xyz) joined moderator Frederick Tan (@Biskitcoin) from The Block (@TheBlockCo) for the panel:
“Agentic AI in Financial Services: Promise vs Control”
A discussion on how agentic AI could reshape financial services, from investment workflows and automation to governance, risk, and the controls institutions need before adoption can scale.
David retweeted
I'm excited to share that Cambrian has raised $11.9M to build the financial intelligence layer for the convergence of AI, digital assets, and traditional finance.
Our seed round was led by @Polychain and Franklin Templeton @FTDA_US: a convergence itself of a top OG digital assets fund and a $1.7T institutional asset manager of 75+ years.
As AI starts to consume more data in minutes than most humans do in lifetimes, finance is evolving to adapt to this reality ⤵️
Big news: we’ve raised $11.9 million to build the world’s financial intelligence layer.
@Polychain and Franklin Templeton @FTDA_US share our conviction that the future of finance will be increasingly orchestrated by AI agents. The missing ingredient that separates winning agents from slopbots? Financial intelligence.
Agents are beginning to consume human lifetimes' worth of data in minutes. As AI, digital assets, and traditional finance converge, the agentic appetite for data will grow larger – as will the challenge in separating noise from signal.
Cambrian specializes strictly in financial data, delivering actionable intelligence designed for this new agentic world. The best financial decisions are predicated on the best intelligence.
Join the new financial revolution. Register at cambrian.org
David retweeted
We have raised a $75M Series B from @IndexVentures and @usv, with continued support from @benchmark!
David retweeted
Perpetuals are now live on fomo, powered by @HyperliquidX and @tradexyz.
Equity, pre-IPO, crypto, indices, and commodities perps, all from one app.
See you on the leaderboard. Trade perps on fomo today.
After years of building as Kronos Ventures, we are spinning out as an independent firm: Proxima.
Same core team. Broader mandate. New possibilities.
Here is what’s changing (and what isn’t).
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The market is maturing, and so is our thesis. We are expanding beyond pure crypto VC to target the intersection of Crypto and AI, alongside high-conviction secondary strategies.
We are also bridging TradFi and Web3 through a new advisory arm, helping founders navigate equity and token capital formation while connecting them to vital liquidity.
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We are proud of our roots.
We will continue to collaborate closely with our friends at @KronosResearch, sharing insights and co-investing where it drives value for founders.
We are ready for the next chapter.
kronosresearch.com/news/kron…
@proxima_xyz
proxima.investments
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David retweeted
We are pleased to share that we are rebranding from Kronos Ventures to Proxima. Our time operating as Kronos Ventures allowed us to work with exceptional founders and to receive meaningful support from the broader Kronos Research organisation.
nitter.cf/KronosResearch/status/…
David retweeted
Monad is LIVE on fomo!
We’re proud to welcome the Monad ecosystem to fomo, and to introduce the fomo traders to Monad.
To celebrate, we’re giving fomo power users a $MON reward claimed directly within fomo.
fomo power users and active traders can now claim MON natively inside the app on their profiles. For many of our users, this will be their first onchain reward.
This is the future we believe in: a world where you can discover a new chain, trade across ecosystems, and earn rewards without ever leaving fomo.
We’re only getting started. Our goal is to continue to redefine onchain UX and create the best trading experience for all. If you haven't tried fomo join us while it’s still early!
