# Mithil Thakore

> Mithil Thakore is a seed investor at VELAR (Dubai) backing Blockchain and Bitcoin. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [VELAR](https://shizune.co/investors/profile/velar)
- Location: Dubai, United Arab Emirates
- Total investments: 8
- Last investment: Oct 2024
- Lead investor: 13%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/mithilthakore/
- Website: https://x.com/rainfire09
- Facebook: https://www.facebook.com/mithil.thakore.7

Mithil Thakore is a seed investor at VELAR in Dubai focused on Blockchain and Bitcoin. Mithil Thakore is based out of Dubai and is the CEO and Co-Founder of Velar. Mithil previously worked at Government Blockchain Association as a Member. Mithil Thakore attended Vellore Institute of Technology.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $900k–$10M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 6 | 75% |
| Bitcoin | 4 | 50% |
| Cryptocurrency | 4 | 50% |
| Financial Services | 2 | 25% |
| Information Technology | 2 | 25% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 6 | 75% |
| Pre-Seed | 1 | 13% |
| Series A | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 2 | 25% |
| India | 1 | 13% |
| Spain | 1 | 13% |
| Taiwan | 1 | 13% |
| Singapore | 1 | 13% |

7 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hermetica | Hermetica is a crypto-native team with extensive financial technology experience, having worked with big organizations such as Kraken and State Street. Hermetica is dedicated to developing innovative financial products that capitalize on Bitcoin's security and transparency. | $1.7M | Seed | Oct 16, 2024 |  |
| Bitlayer | Bitlayer is the first Bitcoin second-layer network, based on BitVM, offering ultra-scalability and L1 security, aiming to be Bitcoin's computing layer. | $11M | Series A | Jun 05, 2024 |  |
| Botanix Labs | Botanix Labs is a fully Ethereum-equivalent second-layer virtual machine built on top of Bitcoin. It unites Bitcoin's market cap with Ethereum's dApp ecosystem to meet its diverse applications, igniting a new frontier. | $8.5M | Seed | May 07, 2024 |  |
| Satscreener | Satscreener is a developer of a data aggregation platform that provides extensive analytical tools for Bitcoin-native assets. | $500K | Pre-Seed | Apr 20, 2024 |  |
| Build on Bitcoin | Build on Bitcoin is a hybrid Layer-2 network Bitcoin blockchain | $10M | Seed | Mar 27, 2024 |  |
| Paxo Finance | Paxo Finance is a decentralized protocol opened up under collateral borrowing in the Defi space also Paxo Finance allows to do margin trade | $1M | Seed | Mar 28, 2022 |  |
| 99Starz | 99starz presents a unique business model that encompasses the concept of an open economy that implements financial advantages to all players who combine value by contributing to the gaming ecosystem. In short, gamers play blockchain video games and earn income. |  | Seed | Nov 17, 2021 |  |
| Safle Network | Safle Network is a tech ecosystem enabler that works to empower stakeholders with tools and services. | $900K | Seed | Oct 18, 2021 |  |

8 of 8 investments shown.

## Co-investors
- [UTXO Management](https://shizune.co/investors/profile/utxo-management) — VC Fund, 3 deals together
- [ABCDE](https://shizune.co/investors/profile/abcde) — VC Fund, 2 deals together
- [farmerJoe](https://shizune.co/investors/profile/farmerjoe) — VC Fund, 2 deals together
- [Trust Machines](https://shizune.co/investors/profile/trust-machines) — VC Fund, 2 deals together
- [Zebpay](https://shizune.co/investors/profile/zebpay) — VC Fund, 2 deals together
- [280 Capital](https://shizune.co/investors/profile/280-capital) — VC Fund, 1 deal together

## About VELAR

VC Fund · Dubai, United Arab Emirates

VELAR is a Multi-Feature DeFi App with Bitcoin Finality.

1 contacts available at VELAR.

| Name | Title | Profile |
| --- | --- | --- |
| Mithil Thakore | CEO & Co-Founder | https://shizune.co/investors/profile/mithil-thakore |

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## FAQ

### What does Mithil Thakore invest in?

Mithil Thakore invests primarily in Blockchain, Bitcoin and Cryptocurrency startups, most often at Seed and Pre-Seed 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.

### What is Mithil Thakore's check size?

Mithil Thakore typically joins rounds of $900k–$10M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Mithil Thakore participates in.

### When did Mithil Thakore last invest?

The most recent investment recorded for Mithil Thakore closed in Oct 2024. Shizune tracks 8 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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