2 VCs and 0 funds investing in Onchain Derivatives
Venture Associate
Kosmos Ventures
Check: No Lucas-specific check range is public. A current OpenVC search profile lists Kosmos at $100K–$1M, while Kosmos's own live material confirms Seed/Pre-Seed as its co-building focus but publishes no check size. Treat $100K–$1M as third-party firm guidance only; confirm allocation, instrument, ownership and decision-maker directly with Lucas and the team.
Lucas looks for early, non-consensus crypto opportunities through an active-user and market-structure lens. He believes decentralized markets can democratize finance and that money increasingly follows user attention into consumer applications; the strongest products earn the right to embed financial rails after establishing loyalty or differentiated utility. His research also emphasizes liquidity regimes, onchain evidence, derivatives market structure, security and Kosmos's broader ability to bootstrap durable network effects through product/token design, governance, community and quantified mechanism design.
Head of research, Investment Associate
The Spartan Group
Check: No personal check-size or allocation authority is published. Spartan Capital manages liquid, DeFi, gaming/metaverse, and market-neutral funds; the firm's $500M stated AUM and portfolio activity are not a personal check range for José.
José researches and evaluates liquid and protocol opportunities for Spartan Capital. His work focuses on crypto becoming financial infrastructure: stablecoin adoption, yield markets, institutional use of public DeFi, tokenized equities and commodities, high-performance onchain exchanges, intents, and autonomous-agent payments. He pairs narrative inflection points with measurable supply, transfer volume, fees, TVL, open interest, protocol revenue, and live institutional usage.