Vircon Legal advised FirstBatch on its pre-seed round led by Foresight Ventures, Signum Capital and QNB Ventures.
FirstBatch is a privacy-preserving data infrastructure for AI; it lets users contribute data and personalization signals to AI applications without surrendering raw identity, enabling builders to ship hyper-personalized AI without conventional centralized data collection. The proposition addresses one of the central structural tensions of the current AI cycle: hyper-personalized AI requires deep user context, but conventional centralized data collection is increasingly constrained by both regulation and consumer trust dynamics.
Privacy-preserving data infrastructure for AI sits at the intersection of two structurally growing categories — AI personalization and on-chain identity — and has attracted some of the most active crypto-native and AI-thematic investors globally. Türkiye’s combination of deep applied-cryptography talent and a strong Web3 builder ecosystem has produced a credible cluster of teams in this segment. Pre-seed rounds in crypto-AI infrastructure tend to attract globally distributed lead investors with thesis depth in both halves of the stack, rather than purely regional capital — which materially affects the international reach of the company from day one.
Foresight Ventures is a leading Web3 investor with a global thesis; Signum Capital is one of Singapore’s most active crypto VCs; QNB Ventures is the venture arm of Qatar National Bank — together bringing a Web3-native, MENA-aware capital base to FirstBatch. The combination of Asia-Pacific crypto reach, MENA institutional capital and global Web3 thesis depth is unusually well-suited to a company building infrastructure intended to be adopted across multiple regional AI builder ecosystems.
Author
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View all postsMümtaz is the Managing Partner of Vircon Legal, which he founded in 2016. He advises founders, investors and operators on financing rounds, M&A, cross-border incorporations and regulated verticals — including crypto-asset infrastructure, fintech and games — bringing a former startup founder's perspective to every engagement.
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