“Crypto was the thesis. The traditional financial system was the antithesis. What we’re investing in is the synthesis — where web2 businesses run on web3 rails,” Managing Partner Tim Enneking said in the announcement.
Enneking added that Psalion’s strategy of launching funds during market downturns remains unchanged. “Some of the best opportunities arise in down markets. Valuations are more reasonable, founders are more focused, and the builders who show up are in it for the long term.”
In a separate announcement, Psalion said VC Fund III has made its first disclosed investment, leading a $4 million round for Beezie, a commerce platform blending ownership, anticipation, discovery, and liquidity to turn transactions into experiences.
Beezie has recorded more than $170 million in gross merchandise value since launch and surpassed $85 million in year‑to‑date revenue, growing more than 50‑fold in nine months. The platform has attracted over 30,000 active users since January 2026.
The round follows strong community demand. Beezie’s late‑June raise on Echo, initially targeting $250,000, sold out in 10 minutes and was capped at $1 million within 24 hours.
“Beezie is exactly the kind of company our thesis is built around — a real consumer product, real revenue, and blockchain quietly doing the heavy lifting underneath,” Enneking said.
Beezie will use the new capital to expand across collectibles, luxury goods, and entertainment markets, including inventory acquisition and geographic growth.
“At its core, Beezie is about making consumers feel something every time they transact,” Beezie founder and CEO Andrea Miele said. “We’re thrilled to partner with Psalion as we continue scaling that vision across collectibles, luxury, entertainment, and beyond.”
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