A100x announced its second fund, a $50 million vehicle dedicated to supporting aspiring early stage founders in artificial intelligence (AI), digital assets, and blockchain, and is strategically designed to foster the next generation of companies that are building applications and middleware to solve real world challenges and foster enterprise and consumer adoption. And there is no better time than during this US administration to support these technologies.
Nisa Amoils and Sal Ternullo are the fund’s partners, who are joined by Frank Amato as venture partner and a team of analysts. Amoils has been a venture investor in these sectors since 2016. A securities lawyer by training, she has worked in media, co-producing and hosting The Business of Blockchain show and writing for Forbes, and she is well positioned to add value to early-stage founders.
Ternullo has been focused on emerging technologies since 2015. Before joining venture, he co-led KPMG’s digital assets advisory business in the U.S. and worked at State Street where he advised the bank on security and auditability related to the adoption of machine learning and blockchain. And Amato spent eighteen years as a derivatives trader and precious metals market maker at J.P. Morgan and has been an active angel investor in these sectors.
This fund has been in operation since mid 2024 and has already made 15 investments. And the current fund has backed projects like the recently launched Anymal Foundation, which provides a programmable onchain identity layer for animals, ensuring better care, transparency and innovation across pet care, livestock equine, wildlife and more. It also backed Testudo, a technology that allows insurance companies to underwrite the risk of artificial intelligence lawsuits.
KEY QUOTE:
“A100x was purpose-built to provide more than just capital to our partner founders. As longstanding, experienced, and passionate investors in the rapidly evolving AI, digital assets, and blockchain space, we aim to bring deep operational and domain expertise to our portfolio of founders, and are proud to be a trusted partner to founders seeking to realize these technologies that address real world challenges. We are grateful for the support of our backers who have chosen to invest in our fund.”
Sal Ternullo, Managing Partner of A100x
