Early Riders Leads Seed Investment in Acropolis; The First Global Bitcoin Treasury Solution Built on Multi-Institution Custody
Acropolis offers the first global bitcoin Treasury Solution built on Multi-Institution Custody. The firm offers a full suite of services for businesses to navigate inflation, manage volatility and cash flows, while offering all the proper controls and corporate grade governance.
Businesses are being squeezed by inflation. That pressure shows up in margin compression and degraded services, companies are forced to do more with less. For those looking to add bitcoin, the barriers are high: custody is fragile, onboarding is slow, and treasury-grade controls like multi-user permissions or view-only access don’t exist. Acropolis closes those gaps with fault-tolerant Multi-Institution Custody, eliminating single counterparty risk and giving companies enterprise-grade control.
Early Riders is the exclusive outside investor into Acropolis in the seed round to build out its full technology suite, including managing a private key in a Multi-Institution Custody quorum, create a private credit fund to allow clients access to bitcoin-backed loans and higher yielding savings accounts all while their bitcoin remains in Acropolis’ Multi-Institution Custody. Additionally, funding will support key hires and operational enhancements, including streamlining onboarding processes to meet the growing demand from businesses.
Public companies alone today hold over $115B in bitcoin on their balance sheet, and quickly growing. Acropolis offers solutions to allow private and public companies the tools needed to manage inflation, with better bitcoin custody at its core.
Click here to read the full investment memo
About the Founders
Chase Palmieri, Co-Founder & CEO
Chase has extensive experience founding and managing businesses across diverse industries including consumer tech, B2B SaaS, adtech, and hospitality. As an early adopter of bitcoin treasuries, dating back to 2018, Chase is a passionate advocate for bitcoin’s transformative role in corporate finance and creating shareholder value.
Glenn Cameron, CFA, FMVA, Chief Investment Officer
Glenn is an investment professional with over 25 years of experience in portfolio management, institutional consulting, and corporate treasury solutions. At Cartwright, he established the Outsourced Corporate Treasury division, offering tailored advisory services to companies without dedicated treasury teams. A CFA Charterholder and FMVA, Glenn has a strong track record in asset allocation, private markets, and digital assets, including advising on the first bitcoin allocation for a UK pension scheme.
Owen Grove, Chief Operating Officer
Owen brings over 15 years of experience driving strategic growth, operational excellence, and transformative change across large corporations and high-growth startups. Notably, he served as Head of Project Management at Unchained Capital, Inc., where he launched pioneering bitcoin financial products including the Bitcoin IRA and a registered investment advisory. Additionally, he helped Unchained harden its operational processes and earn its SOC 1 and SOC 2 certifications, further cementing its clients’ trust.
Mason Carter, Co-Founder & Advisor
With prior experience in finance and treasury, Mason brings deep experience in bitcoin, corporate finance, and treasury management.
About Early Riders
Early Riders is the venture firm pioneering bitcoin as the hurdle rate. The venture firm invests in pre-seed through Series A businesses, primarily across financial services and technology.