Frictionless Capital

Frictionless Capital is a thesis-driven venture capital firm founded in 2022 and based in Miami, Florida. The firm was co-founded by Logan Jastremski and Diego Perez de Ayala. Frictionless Capital specializes in backing technical founders and investing in scalable blockchains and decentralized applications (dApps). The firm's investment strategy focuses on projects with the potential to outperform their underlying blockchain networks, with a particular emphasis on data propagation and bandwidth, virtual machines, consensus algorithms, and efficient data storage.

The firm operates with a concentrated approach, making targeted investments in what it identifies as world-changing ventures. Its portfolio includes investments in sectors such as Telecom, Financial Software, and Fiberoptic Equipment. Notable investments include Panora, an all-in-one trading platform on the Aptos blockchain; DoubleZero, a global base layer network optimized for distributed systems; and DAWN, a decentralized wireless network for internet service. Another key investment is in Backpack, a Web3 and blockchain startup.

Frictionless Capital launched its inaugural fund in March 2023, which closed at $19.82 million in May 2024 with limited partners including Avalon Capital, Foundation Capital, Franklin Templeton Investments, and Hutt Capital. The firm is also actively raising capital for subsequent funds, indicating a strategy for continued growth and investment in the Web3 and blockchain sectors. The team consists of partners and members with deep expertise in the Web3 space, focused on business development and strategic partnerships.

Keywords: venture capital, blockchain, Web3, decentralized applications, dApps, scalable blockchains, crypto-native fund, financial software, telecom infrastructure, decentralized wireless, distributed systems, digital assets, Series B investments, technical founders, investment fund