● PRE-LAUNCH i⁶⁴ Capital is not yet an open fund. The vehicle is being structured in Luxembourg and Monaco for a 2027 launch. We are currently accepting indications of interest and soft commitments only, on the basis of founding partner Mihai Ivascu's track record.
$ ./i64 --mission

We back
the variables
that resolve to
value.

i⁶⁴ Capital is an early-stage fund in formation — structured in Luxembourg and Monaco, launching 2027 — for founders four sigma off the mean. Pre-seed and seed, Europe and the US. Conviction over consensus, partner-led.

Register interest → Founders, pitch us →
● In formation · launching 2027 Structuring · Luxembourg & Monaco Indications & soft commitments only
Re Im i⁰ = 1 // FIG. 01 — UNIT CIRCLE, ℂ θ = 2π·n/64 PERIODICITY 4 ∀ n ∈ ℕ : i⁴ⁿ = 1
i⁶⁴ CAPITAL · IN FORMATION · LAUNCHING 2027 ◆ STRUCTURING · LUXEMBOURG / MONACO ◆ INDICATIONS & SOFT COMMITMENTS ONLY ◆ FOUNDER TRACK RECORD · MIHAI IVASCU ◆ 3 EXITS · $60M+ RAISED · 11 COMPANIES ◆ 2 QUAI JEAN-CHARLES REY · MONTE CARLO 98000 ◆ i⁶⁴ = 1 ◆ i⁶⁴ CAPITAL · IN FORMATION · LAUNCHING 2027 ◆ STRUCTURING · LUXEMBOURG / MONACO ◆ INDICATIONS & SOFT COMMITMENTS ONLY ◆
02 · thesis
02thesis

A market is a list of
outliers unshipped.

The bell curve is a report on the past. The future is written in its tails — founders four sigma from the mean. We don't de-risk outliers. We compound them.

// FIG. 02 — N(μ, σ²) · 4σ TAIL f(x) = (1/σ√2π)·e^(−(x−μ)²/2σ²) −3σ −2σ −σ μ +σ +2σ +3σ +4σ → VENTURE LIVES HERE
// FIG. 02 — DISTRIBUTION OF FOUNDERS P(x > μ+3σ) ≈ 0.13%
03 · the math
03the math
$ python3 -c 'print(1j**64)'
i64=1
i64 = (i4)16
i64 = (1)16
i64 = 1

Any imaginary number, raised to the right power, becomes real. We back founders who run the cycles — and hold long enough for the variable to resolve.

Re Im ×i i⁰ = i⁶⁴ = 1 i¹ i² = −1 i³ 0 CYCLE LENGTH 4 · 64 mod 4 = 0
· the name
·the game · etymology
// FIG. 06 — 8 × 8 = 64 · INFINITE STATE SPACE 10⁴⁰ legal positions
A chessboard mid-game — wooden pieces arranged across the 64 squares
// CHESSBOARD · 64 SQUARES 8² = 2⁶ = 64
SQUARES
64
8 files × 8 ranks
LEGAL POSITIONS
10⁴⁰
Shannon, lower bound
PIECES
16
per side · 32 total
$ ./i64 --why 64

Why 64.

Sixty-four squares. Sixteen pieces. Strict rules, infinite expression.

A chessboard has exactly 64 squares — eight files, eight ranks, the smallest possible arena large enough to encode every strategic idea humans have invented for it. After only four moves each, the number of distinct positions exceeds 288 billion. Across an entire game, the count of legal positions is estimated at 10⁴⁰ — more than the number of grains of sand on Earth.

Same sixty-four squares. Same sixteen pieces. Used differently every time. Every player has to use all of them, intuitively and intelligently — and no two winning games look alike.

This is the second meaning of i64. Not just the algebraic identity that returns to one — also the board on which finite rules produce infinite outcomes. A fund is the same kind of object. Same capital. Same partners. Same hours. Used differently every time.

04 · why monaco
04why monaco

2.02 km².
Maximum density.

Monaco is a soft-power network. More UHNW per square kilometre than any other jurisdiction on earth — concentrated in seven floors of a building we share with twelve family offices.

Corp. tax
0%
on non-French-sourced income
Flight · London
2h
Nice CDG · 22 min by helo
Family offices · floor
7
2 quai jean-charles rey
Founders within 2 hrs
100M+
Paris · Berlin · Milan
// FIG. 05 — PORT HERCULE · MONACO · SCALE 1:4500 43.7384°N · 7.4246°E
Aerial view of Port Hercule, Monaco — yacht harbour and Monte-Carlo hillside
// MONACO · PORT HERCULE RENDER · MAGIC HOUR
// FIG. 04 — UHNW PER KM² · LOG SCALE HENLEY 2025 14000 1400 140 14 1 MONACO 14k GENEVA 812 HONG KONG 468 SINGAPORE 358 NEW YORK 112 LONDON 76 PARIS 54 17× Geneva
05 · the fund
05the fund · planned deployment

30 companies.
One partner each.

The plan, once the fund closes: €120M across roughly 30 companies over five years — each with a partner-level seat, a Monday call, and a Slack channel with our team. No portfolio dashboard cells. Figures below are the intended terms of a vehicle now in formation, not a live fund.

PRE-SEED · 40% · €48M
SEED · 35% · €42M
FOLLOW-ON · 25% · €30M
// FIG. 06 — DEPLOYMENT MATRIX · n=30, t=5 2 PRE-SEED + 2 SEED + 2 F.O. PER YEAR YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PRE-SEED · €250-500K SEED · €500K-1.5M FOLLOW-ON · €1-2.5M
  • vehiclei⁶⁴ Capital Fund SCSp · Luxembourg / Monaco (in formation)
  • target size / hard cap€120M / €150M (target)
  • target first close2027 · indications open now
  • fund life10 years + 2 × 1 extension (indicative)
  • fees · carry2.0% · 20% / 8% pref (indicative)
  • min LP commit€2,000,000 (indicative)
  • stage focuspre-seed → seed
  • check size€250k – €2.5M
  • ownership target7 – 12% by series A
  • geographyEU primary · US opportunistic
  • sectorsinfra · fintech · vertical SaaS · silicon
  • reserve ratio~1.5× initial check
06 · track record
06founder track record · mihai ivascu

11 companies.
4 breakouts.

This is the personal track record of founding partner Mihai Ivascu — 11 companies founded or backed as an operator, four of them returning above 4×. It is not a prior fund; it is the basis on which i⁶⁴ is being raised.

# company sector stage when entered year multiple
01 Modex blockchain infrastructure pre-seed 2017 46.0×
02 Dot Lumen medical devices pre-seed 2019 31.0×
03 Aeronews Global aviation media seed 2014 22.0×
04 Rayscape AI medical software Series A 2025 2.3×
05 Tequila Saudade premium spirits · tequila seed 2023 11.0×
06 Valide Technologies stablecoin infrastructure pre-seed 2026 3.0×
// 6 of 11 shown · founder track record · not a prior fund · 2017–2026
View full track record →
07 · graph one capital
07partner fund

Graph One Capital.

Our partner hedge fund. A specialist long/short equity strategy across the mission-critical technology stack — cyber and AI infrastructure — run alongside i⁶⁴'s early-stage practice by the same underwriting discipline.

Target size
€150M
vintage 2026
Vehicle
Lux. RAIF
reserved alternative inv. fund
Strategy
Long/short
public equities
Focus
Cyber & AI
infrastructure layer
Same partners, same conviction, adjacent public markets — Graph One underwrites the picks and shovels behind the founders i⁶⁴ backs early.
Visit Graph One Capital →
08 · process
08how we invest

72-hour
yes / no.

No deal team. No partner meetings. Every deal has a single GP sponsor who carries it from intro to wire — and signs every term sheet personally.

01

Intro

Founder ↔ partner direct. No associate filter.

≤ 24h
02

Conviction

Working session. Technical deep-dive. References.

24 – 48h
03

Decision

Sponsor decides. Ratified in 30 min · no committee.

≤ 72h
04

Wire

SAFE-EU or priced. Money in within ten days.

≤ 10d
// Fund I statistics
Median time to decision · 41 hours. Minimum · 17 hours. Decline rate after first call · 78%.
09 · team
09partners

Three partners.
One decision-maker
per deal.

Operators, not money managers. Two ex-founders, one ex-CTO. Every partner has shipped product, raised capital, and sold a company.

// SIG · CHANGE OF BASIS x y e′₁ e′₂ A : ℝ² → ℝ²

Mihai Ivascu

Managing Partner
Ex-founder · three exits · $60M+ raised.
11 companies built · Monaco.
EY Emerging Tech Entrepreneur of the Year.
Forbes 30 Under 30.
// SIG · POSTERIOR P(θ|x) prior posterior P(θ|x) ∝ P(x|θ)P(θ)

Stealth Partner

General Partner · Identity withheld
Disclosed to qualified LPs under NDA.
Subscription documents reveal full identity, prior track record, and references.
// SIG · GRAPH G(V,E) v₀ |V|=5 · |E|=6

Stealth Partner

General Partner · Identity withheld
Disclosed to qualified LPs under NDA.
Subscription documents reveal full identity, prior track record, and references.
10 · the ask
// LP RELATIONS

Investors.

i⁶⁴ is not yet open. Ahead of a 2027 first close, we are gathering indications of interest and soft commitments from qualified LPs — on the basis of Mihai Ivascu's founder track record. Register and we'll share the structuring memo.

Register interest →
// FOUNDERS

Founders.

Send us your deck — no warm intro required. Read in 48 hours, decision in 72. SAFE-EU or priced, your call. Pre-seed and seed, Europe and US.

Pitch us →