# Informal Systems

> Informal Systems is a VC fund in Toronto backing Blockchain and Software. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 8
- Last investment: Nov 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/informal-systems
- X (Twitter): https://www.twitter.com/informalinc
- Website: https://informal.systems

Informal Systems is a VC fund in Toronto focused on Blockchain and Software. Informal Systems offer research and development at the intersection of formal verification and distributed systems.

## Contacts

5 contacts available for Informal Systems. Shizune tracks 1 team members at Informal Systems. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/informal-systems?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 4 | 50% |
| Software | 2 | 25% |
| Web Apps | 1 | 13% |
| Open Source | 1 | 13% |
| Cryptocurrency | 1 | 13% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 50% |
| Series A | 2 | 25% |
| Series C | 1 | 13% |
| Funding Round | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 38% |
| Canada | 1 | 13% |
| Switzerland | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ethan Buchman | Chief Executive Officer & Founder | 0 | https://shizune.co/investors/profile/ethan-buchman |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Noble XYZ | Noble XYZ is an asset issuance appchain that seeks to communicate and exchange assets directly with each other by using blockchain communication. | $15M | Series A | Nov 19, 2024 |  |
| Range Labs | Range is a blockchain and rollups security platform with the purpose of developing a security and risk infrastructure stack that prepares markets and institutions for the adoption of blockchain and rollups technologies by providing an enterprise-ready platform and a security-first strategy. | $2.7M | Seed | Mar 14, 2024 |  |
| Cosmology | Cosmology is building a unified developer experience for interchain dApps | $5M | Seed | Mar 07, 2024 |  |
| Cosmology | Cosmology is building a unified developer experience for interchain dApps | $5M | Seed | Mar 07, 2024 |  |
| Anoma | A sovereign, proof-of-stake blockchain protocol that enables private, asset-agnostic cash and private bartering among any number of parties. | $25M | Series C | May 30, 2023 |  |
| Skip | Skip is a infrastructure to enable blockchains to harness MEV (Miner Extractable Value) to achieve financial sustainability and power better user experiences. | $6.5M | Seed | Sep 22, 2022 |  |
| Axelar Network | Axelar is a cross-chain communication tool developing interoperability software to connect blockchain ecosystems, applications, and users. Axelar Network consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Axelar enables developers to build on the best platform for their needs whileleveraging the Axelar stack to unlock cross-chain composability and liquidity.The company was founded by Sergey Gorbunov and Georgios Vlachos in 2020. |  |  | Nov 22, 2021 |  |
| Axelar Network | Axelar is a cross-chain communication tool developing interoperability software to connect blockchain ecosystems, applications, and users. Axelar Network consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Axelar enables developers to build on the best platform for their needs whileleveraging the Axelar stack to unlock cross-chain composability and liquidity.The company was founded by Sergey Gorbunov and Georgios Vlachos in 2020. |  | Series A | Nov 22, 2021 |  |

8 of 8 investments shown.

## Co-investors
- [Chorus One](https://shizune.co/investors/profile/chorus-one) — VC Fund, 4 deals together
- [Lemniscap](https://shizune.co/investors/profile/lemniscap) — VC Fund, 3 deals together
- [Reverie](https://shizune.co/investors/profile/reverie-41ce) — VC Fund, 3 deals together
- [Crypto.com Capital](https://shizune.co/investors/profile/crypto-com-capital) — VC Fund, 2 deals together
- [Galileo](https://shizune.co/investors/profile/galileo-06f7) — VC Fund, 2 deals together
- [HFO](https://shizune.co/investors/profile/hfo-a7c0) — 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 Informal Systems invest in?

Informal Systems invests primarily in Blockchain, Software and Web Apps startups, most often at Seed and Series A stage. Most of the 8 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Informal Systems?

Public channels for Informal Systems include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Informal Systems?

The team at Informal Systems includes Ethan Buchman (Chief Executive Officer & Founder). The Team section lists each member with their title, investment count and links.

### 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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