# MState - Not Making New Investments

> MState - Not Making New Investments is a VC fund backing Blockchain. See 9 investments, round sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: New City, United States
- Total investments: 9
- Last investment: Jun 2019
- Lead investor: 11%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/11418305/
- X (Twitter): https://twitter.com/mstatelabs
- Website: http://www.mstate.io/

MState - Not Making New Investments is a VC fund in New City focused on Blockchain and Cryptocurrency. MState invests in distributed system (blockchain) companies that sell to enterprise. We typically invest as part of a syndicate of investors. Our investments to date have included infrastructure and application companies. We look for experienced, technical founders that have built product (MVP okay) to solve big business problems. We work withour portfolio companies to scale them faster, especially in everything GTM related.

## Contacts

5 contacts available for MState - Not Making New Investments. Shizune tracks 3 team members at MState - Not Making New Investments. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/mstate-growth-lab?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 4 | 44% |
| Cryptocurrency | 3 | 33% |
| Information Technology | 2 | 22% |
| Bitcoin | 1 | 11% |
| FinTech | 1 | 11% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 33% |
| Series A | 3 | 33% |
| Initial Coin Offering | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ed Sim | Co-Founder | 83 | https://shizune.co/investors/profile/ed-sim |
| Eliot Durbin | Co-Founder | 23 | https://shizune.co/investors/profile/eliot-durbin |
| Rob Bailey | CEO & Co-Founder | 2 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Fireblocks | Fireblocks is a platform that protects digital assets in transit, focusing on protecting the transmission of customers' digital assets between exchanges, counter brokers, hot wallets, and cold stores.Fireblocks enables banks, fintech, exchanges, liquidity providers, OTCs, and hedge funds to securely manage digital assets across a wide rangeof products and services. The technology consists of the Fireblocks Network and MPC-based Wallet Infrastructure. | $16M | Series A | Jun 11, 2019 |  |
| InCountry | InCountry is a data residency-as-a-service platform that enables global data compliance for international business. The platform securely stores, processes, and regulates profile data in its country of origin, helping multinationals scale by providing easy integration in under ten minutes.The company was founded in 2019 and is headquartered inSan Francisco with operations in 65 countries. InCountry is s backed by Accenture, Caffeinated Capital, Arbor Ventures, Global Founders Capital, Felicis Ventures, Mubadala, and Charles River Ventures. | $7M | Seed | May 03, 2019 |  |
| Caligotech | Caligo Technologies revolutionizes digital promotion performance by pioneering breakthroughs in technologies, media, and insights that build trust, deliver results, and provide meaningful value to consumers around the world.The Caligo platform allows major consumer packaged goods companies and leading retailers to work together seamlessly todeliver powerful consumer savings and build meaningful and profitable relationships. | $3M | Series A | Sep 24, 2018 |  |
| Oasis Labs | Oasis Labs is a privacy-first cloud computing platform on blockchain technology. They are building a new computing platform that enables cloud-scale, real-world applications with decentralized trust and privacy protection; in short, a privacy-first, high-performance cloud computing platform on blockchain. | $45M | Series A | Jul 09, 2018 |  |
| Oasis Labs | Oasis Labs is a privacy-first cloud computing platform on blockchain technology. They are building a new computing platform that enables cloud-scale, real-world applications with decentralized trust and privacy protection; in short, a privacy-first, high-performance cloud computing platform on blockchain. | $45M | Initial Coin Offering | Jul 09, 2018 |  |
| Oasis Labs | Oasis Labs is a privacy-first cloud computing platform on blockchain technology. They are building a new computing platform that enables cloud-scale, real-world applications with decentralized trust and privacy protection; in short, a privacy-first, high-performance cloud computing platform on blockchain. |  |  | Jul 09, 2018 |  |
| Blockdaemon | Blockdaemon is a blockchain deployment facilitator that manages nodes and payment rails for blockchain networks. Their solution is fully portable, it allows its user to switch networks and chains with the click of a button, so they don't have to worry about picking the perfect network configuration from day one. They support the blockchaindeveloper ecosystem with best-of-breed dev-ops advice. Blockdaemon was incorporated in 2017 and is headquartered in Los Angeles, California. |  | Seed | Mar 06, 2018 |  |
| Blockdaemon | Blockdaemon is a blockchain deployment facilitator that manages nodes and payment rails for blockchain networks. Their solution is fully portable, it allows its user to switch networks and chains with the click of a button, so they don't have to worry about picking the perfect network configuration from day one. They support the blockchaindeveloper ecosystem with best-of-breed dev-ops advice. Blockdaemon was incorporated in 2017 and is headquartered in Los Angeles, California. |  | Seed | Nov 07, 2017 |  |
| Amberdata | Amberdata is defining the Cryptoeconomics data provider category. By combining validated blockchain and crypto market data from the leading crypto exchanges into a unified platform and API, Amberdata enables customers to build data-powered applications to develop and maintain an edge over their competition.The company was founded in 2017 in Paloalto, California led by Shawn Douglass. | $2M | Seed | Oct 19, 2017 |  |

9 of 9 investments shown.

## Co-investors
- [MetaStable Capital](https://shizune.co/investors/profile/metastable-capital) — VC Fund, 3 deals together
- [Oyster Ventures](https://shizune.co/investors/profile/oyster-ventures) — VC Fund, 3 deals together
- [Winklevoss Capital](https://shizune.co/investors/profile/winklevoss-capital) — VC Fund, 3 deals together
- [boldstart ventures](https://shizune.co/investors/profile/boldstart-ventures) — VC Fund, 2 deals together
- [Dekrypt Capital](https://shizune.co/investors/profile/dekrypt-capital) — VC Fund, 2 deals together
- [Lux Capital](https://shizune.co/investors/profile/lux-capital) — 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 MState - Not Making New Investments invest in?

MState - Not Making New Investments invests primarily in Blockchain, Cryptocurrency and Information Technology startups, most often at Seed and Series A stage. Most of the 9 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 MState - Not Making New Investments?

Public channels for MState - Not Making New Investments 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 MState - Not Making New Investments?

The team at MState - Not Making New Investments includes Ed Sim (Co-Founder), Eliot Durbin (Co-Founder) and Rob Bailey (CEO & Co-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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