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Harbour Industrial Capital
Polkadot
Ecosystem
Fund II
A VC+Liquid strategy for the Polkadot ecosystem
Why Polkadot?
Because it's the best place to build Web3
Harbour Industrial Capital
The Numbers
$10
2024 AUM in Fund I (US$ million)
$100
Target size of Fund II (US$ million)
28
Polkadot based projects invested by Fund I
161%
Relative outperformance of DOT since launch (as of Q3 2024)
Case Studies
Portfolio of Fund I
Combine VC and Liquid strategies for the best of two worlds
Our Team
Max Rebol
Co-founder and CEO
Max is a prolific public speaker on everything Web3, decentralisation and Polkadot - Co-founder of PolkaPort East, a HK-based growth initiative for Polkadot - Elected Polkadot Head Ambassador in 2024 - Background in TradFi, working 6 years at Deutsche Bank and Morgan Stanley in HK - PhD from Fudan University, MSc from London School of Economics
Mario Altenburger
Co-founder and CFO
Mario is a seasoned investor across asset classes in public & private markets - 14 years in primary capital markets with Bank of China, raising over US$500 billion in over 1,000 issuances, winning over 100 awards. - Spearheaded the bank's international expansion leading landmark transactions. Built up whole process from order placement, allocation, settlement and hedging - Elected Polkadot Head Ambassador in 2024 - MA in Mathematics of Finance from Columbia University; MA in International Economics from University of Innsbruck
Pre-Seed/Seed Round
Equity and Tokens
Some of the highest returns can be achieved by supporting great teams leveraging superior technology at an early stage. We have the best pipeline for deals and actively work with founders as they build out new products
Validators and Staking
Putting VC tokens to work
As early VC investors in many Polkadot based projects, we can help launch validators or collators for projects by using our seed tokens . We won’t operate the physical hardware ourselves, but delegate to trusted operators with whom we share revenue.
Co-investments
Investing together
As a leading investor in the Polkadot space we are in a good position to lead rounds while inviting external VCs to co-invest. We also actively support our portfolio companies in their follow-on rounds by introducing them to other investors
Strategic Investments
Entering the Growth Stage
Polkadot has best-in-class technology, and we will actively bring established companies with a large user base to Polkadot. Integration into the network will further accelerate growth, while also contributing to the growth of the Polkadot network itself
Liquidity Pools
AMMs and DeFi
Holding both project tokens and DOT, we are in a good position to become liquidity providers at Automated Market Makers (AMM). Resulting LP tokens will also put to work in DeFi to maximise returns, while actively monitoring leverage and risk levels.
Coretime Brokerage
A new way to allocate blockspace
HIC has been at the forefront of parachain auctions with Fund I. As the model of blockspace allocation transitions to core time, Fund II will run a brokerage model on coretime trading platforms. As this is still a nascent market, we will start the strategy slowly and grow over time.
Peaq Network
Peaq Network was building DePIN application before the term was coined. The Germany-based company develops modular DePIN funktionality to connect millions of devices in decentralised networks. Use cases can be extremely diverse, ranging from electricity sharing networks and agricultural data to self driving cars.
Mythical Games
Mythical Games is an absolute trailblazer when it comes to bringing AAA blockbuster games to Web3. CEO John Linden formerly worked as the Studio Head of Activision Blizzard, developing Call of Duty, before starting Mythical Games. One of its main titles, NFL Rivals is the official video game of the National Football League and already boosts over 5 million players.
Mandala Chain
Mandala Chain is on a mission to bring Indonesia – a country of 275 million people – into the Web3 era. The team has secured partnerships with several government agencies in Indonesia and may well play a pivotal role in the country’s adoption of blockchain technology. We believe that Indonesia is on a good track to leapfrogging Web2 government services in other countries.
Partnering with the Web3 Foundation
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The Switzerland-based foundation behind Polkadot will act as the initial LP of HIC Fund II. This not only provides us with funding, but also with access to strategic resources in the Polkadot ecosystem and a deal pipeline second to none.
Polkadot SDK
Polkadot attracts the most innovative applications and use cases with the Polkadot SDK: a modular toolkit for developers to easily design and build their own specialized blockchain projects.
The most dynamic modular framework
Polkadot Chain
The Polkadot Chain is a network of networks that powers 500+ applications, each backed by US$7 billion in shared economic security and able to seamlessly communicate with each other.
Secure on-demand computing
Polkadot DAO
Polkadot relies on community-driven governance that's built directly into the chain itself. All 1.3 million DOT holders are members of the Polkadot DAO and can actively shape the future of the ecosystem
The world's largest DAO
As the brilliant mind behind behind much of the pioneering work in Web3, Gavin is once again at the forefront of innovation with the publication of the JAM Grey Paper. Released almost exactly 10 years after he published the Ethereum yellow paper, it is set to reshape the way we think about blockchains today.
The HIC take:
JAM is not priced in yet
Founded by industry visionary Dr. Gavin Wood
And this is one of they key reasons why we decided to launch HIC Fund II. But what actually is JAM? Simply put, an upgrade that turns Polkadot into the world's largest decentralised super computer. This will enable Web3 applications beyond most people's imagination today.