Second Kaito Capital Launchpad raise details are out for Theoriq and… It looks better. $75M USD FDV, according to the team 50% below last round at $150M USD. Vesting: 25% TGE unlock, 1-year cliff (37.5%) and the remaining 37.5% linear over 12 months, meaning full unlock after 24 months. So vesting still has a big cliff, but the 25% at TGE are decent. Valuation could be reasonable, don't know the details around the last raise tho. Thoughts?

Personally not 100% sure if I will allocate here, not super familiar with Theoriq to make an accurate assessment of future value and 12-month cliff is a lot. TGE unlock is clearly a positive compared to Espresso tho