Frachtis is a Portugal-based investment firm focused on supporting crypto-native builders. The firm launched its debut vehicle, Frachtis Fund I LP, to back pre-seed innovation in decentralized infrastructure, AI, middleware, and consumer applications.
Frachtis targets very early-stage projects with a focus on DeFi middleware and AI infrastructure, as well as consumer apps built on decentralized technologies.
In August 2025, Frachtis launched Frachtis Fund I LP as a pre-seed fund.
Backers include Theta Capital, RockawayX, and Cyber Fund. The vehicle has already made eight investments across DeFi middleware and AI infrastructure.
Leadership
The team includes founder and CIO Xavier Meegan and COO Mel Tsiaprazis, joined by Brian Crain, Erwin Dassen, and Felix Lutsch.
Investment Strategy
Frachtis is thesis-driven at the intersection of crypto and AI, backing technical teams building infrastructure and tooling that enable scalability, interoperability, and real-world adoption.
The firm leverages a global network of crypto-native partners to support founders.
Notable Investments
Since launch, the fund has completed eight early-stage investments focused on DeFi middleware and AI infrastructure.
Specific portfolio companies have not been publicly detailed.
Notable Exits
As a newly launched fund, there are no publicly disclosed exits.
