Fulgur Ventures is a venture capital firm founded in 2019 and based in Wilmington, Delaware. It specializes in investing in early-stage startups that build on Bitcoin and the Lightning Network, aiming to support the next generation of decentralized financial infrastructure.
At the heart of Fulgur’s mission is the belief in Bitcoin as a politically neutral, foundational form of money—one that can serve as the backbone for the future of decentralized finance. To make this vision a reality, the firm focuses on startups shaping the Lightning Network and Bitcoin’s broader utility.
The team—led by partners including Vitaly Bezrodnykh and Oleg Mikhalsky—brings deep experience from technology, security, and startup ecosystems, enabling them to support portfolio companies through both capital and seasoned advisory. Fulgur typically provides pre‑seed checks in the range of $50,000 to $200,000, issues ecosystem grants, and participates in later-stage rounds as companies mature.
Their investments span a wide array of Bitcoin infrastructure, including Lightning payment processors, wallet tools, scalability solutions, developer platforms, gaming integrations, and tokenization protocols. Some notable portfolio companies include Blockstream, Sygnum, Fold, Relai, Amboss, ZEBEDEE, Hodl Hodl, Breez, OpenNode, Foundation Devices, LN Markets, and many others—each contributing to the expanding Bitcoin ecosystem.
Fulgur Ventures not only injects capital, but also provides hands-on mentoring, regulatory guidance, legal navigation, and strategic support for scaling operations. Their involvement has played a key role in catalyzing early-stage innovation across the Bitcoin stack.
In essence, Fulgur Ventures operates as a highly focused investment partner, dedicated to empowering teams building the infrastructure and tools necessary for a more decentralized, Bitcoin-native financial world.
