# Hypotenuse Labs

> Hypotenuse Labs is a VC fund in Toronto backing Cryptocurrency, Bitcoin and Finance. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 4
- Last investment: Jul 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/hypotenuselabs
- Website: https://hypotenuse.ca

Hypotenuse Labs is a VC fund in Toronto focused on Cryptocurrency and Bitcoin. Hypotenuse Labs builds started in 2018. Hypotenuse Labs builds incredible web, AI, and blockchain products for early-stage startups. Hypotenuse Labs provides for building cutting-edge tech for the future.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Cryptocurrency | 3 | 75% |
| Bitcoin | 1 | 25% |
| Finance | 1 | 25% |
| Blockchain | 1 | 25% |
| Personal Finance | 1 | 25% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 50% |
| Pre-Seed | 1 | 25% |
| Funding Round | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Blendy | BlonkFi enables users to borrow stablecoins with volatile mid-market money, such as Meme tokens, as collateral. |  | Pre-Seed | Jul 29, 2024 |  |
| Ambient | Ambient is designed for diversified, long-term liquidity that corrects the faulty LP economics of AMMs. It provides the DEX inside a single smart contract, allowing for low-fee transactions, greater liquidity rewards, and a fair trading experience. | $6.5M | Seed | Jul 11, 2023 |  |
| Spice Finance | Spice Finance specializes in the fields of financial services. | $1.7M |  | Oct 27, 2022 |  |
| Spice Finance | Spice Finance specializes in the fields of financial services. | $1.7M | Seed | Oct 27, 2022 |  |

4 of 4 investments shown.

## Co-investors
- [Big Brain Holdings](https://shizune.co/investors/profile/big-brain-holdings) — VC Fund, 2 deals together
- [Delta Blockchain Fund](https://shizune.co/investors/profile/delta-blockchain-fund) — VC Fund, 2 deals together
- [NXGEN](https://shizune.co/investors/profile/nxgen) — VC Fund, 2 deals together
- [Origin Protocol](https://shizune.co/investors/profile/originprotocol) — VC Fund, 2 deals together
- [Orrick Venture Fund](https://shizune.co/investors/profile/orrick-venture-fund) — VC Fund, 2 deals together
- [Protofund](https://shizune.co/investors/profile/protofund) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Hypotenuse Labs invest in?

Hypotenuse Labs invests primarily in Cryptocurrency, Bitcoin and Finance startups, most often at Seed and Pre-Seed stage. Most of the 4 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Hypotenuse Labs last invest?

The most recent investment recorded for Hypotenuse Labs closed in Jul 2024. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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