Overview
Digital asset market-making and liquidity solutions provider.
Founded
2017
Deals ยท 12mo
1
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Open Campus | Oct 2025Participated | $5 MOther Equity | |
Variational | Jun 2025Participated | $2 MOther Equity | |
Optimum | Apr 2025Participated | $11 MSeed | |
AstroForge | Aug 2024Participated | $40 MSeries A | |
Bitlayer | Jul 2024Participated | $11 MSeries A | |
Nuffle Labs | Jun 2024Participated | $13 MOther Equity | |
M^0 Labs | Jun 2024Participated | $35 MSeries A | |
MANTRA | Mar 2024Participated | $11 MOther Equity | |
Blackwing | Mar 2024Participated | $5 MOther Equity | |
Lava Network | Feb 2024Participated | $15 MSeed | |
Omega | Feb 2024Participated | $6 MOther Equity | |
KTX Finance | Jul 2023Participated | $4 MSeed | |
Open Campus | Oct 2025Participated | $5 MOther Equity | |
Variational | Jun 2025Participated | $2 MOther Equity | |
Optimum | Apr 2025Participated | $11 MSeed | |
AstroForge | Aug 2024Participated | $40 MSeries A | |
Bitlayer | Jul 2024Participated | $11 MSeries A | |
Nuffle Labs | Jun 2024Participated | $13 MOther Equity | |
M^0 Labs | Jun 2024Participated | $35 MSeries A | |
MANTRA | Mar 2024Participated | $11 MOther Equity | |
Blackwing | Mar 2024Participated | $5 MOther Equity | |
Lava Network | Feb 2024Participated | $15 MSeed | |
Omega | Feb 2024Participated | $6 MOther Equity | |
KTX Finance | Jul 2023Participated | $4 MSeed |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 0 | 7 |
| Series A | 1 | 3 |
| Other Equity | 0 | 6 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| May '22 | 1 |
| Jun '22 | 0 |
| Jul '22 | 1 |
| Aug '22 | 0 |
| Sep '22 | 1 |
| Oct '22 | 0 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 2 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 1 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 0 |
| Jan '24 | 0 |
| Feb '24 | 2 |
| Mar '24 | 2 |
| Apr '24 | 0 |
| May '24 | 0 |
| Jun '24 | 2 |
| Jul '24 | 1 |
| Aug '24 | 1 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 0 |
| Mar '25 | 0 |
| Apr '25 | 1 |
| May '25 | 0 |
| Jun '25 | 1 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 0 |
| Oct '25 | 1 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 0 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Crypto & Blockchain | 12 |
| Fintech | 7 |
| Networks, Cloud & Communication | 2 |
| AI & Machine Learning | 2 |
| Education & Workforce | 1 |
| Government & Defense | 1 |
| Cybersecurity & Privacy | 1 |
| AR/VR | 1 |
| Clean Energy & Sustainability | 1 |
| Space & Frontier Tech | 1 |
| Hardware & Robotics | 1 |
| Media & Entertainment | 1 |
| Professional Services | 1 |
| Developer Tools | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 4 |
| $5M-$10M | 6 |
| $10M-$25M | 5 |
| $25M-$50M | 2 |
| $50M-$100M | 0 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 9 of 9 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 5 |
| Europe | 3 |
| Hong Kong | 2 |
| Cayman Islands | 2 |
| Thailand | 1 |
| Virgin Islands | 1 |
| Indonesia | 1 |
| 95206 | 1 |
| Singapore | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| GSR | 3 |
| 280 Capital | 2 |
| Animoca Brands | 2 |
| FEBE Ventures | 2 |
| Finality Capital | 2 |
| Flow Traders | 2 |
| Hashed | 2 |
| Hongshan Capital Group (Sequoia Capital China) | 2 |
| Jane Street | 2 |
| Mirana Ventures | 2 |
| NGC Ventures | 2 |
| Quiet Capital | 2 |
| Robot Ventures | 2 |
| 100&100 Ventures | 1 |
| 1kx | 1 |
| 500 Global | 1 |
| 6529 Holdings | 1 |
| ABCDE | 1 |
| Alliance Node Capital | 1 |
| Babel Finance | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 1 | 6% |
| Participating | 16 | 94% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 0 | 0% |
| Co-led | 1 | 100% |
Team
Founder & CEO
Founder & COO