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The Venture Codex

Bain Capital Crypto

200 Clarendon Street, Boston, MA, 02116, United States

Overview

Investment platform for next-gen open internet infrastructure projects.

Deals ยท 12mo

7

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Bermuda
Liechtenstein
United States

Sector focus

Cryptocurrency
FinTech
Impact Investing

Investment portfolio

27rounds
NAMEDATESIZE
Meanwhile
Oct 2026Led
$38 MOther Equity
World Network
Jul 2026Participated
$53 MICO
Variational
May 2026Participated
$50 MSeries A
Turnkey
May 2026Participated
$13 MOther Equity
Bluesky
Mar 2026Led
$100 MSeries B
Tangled
Mar 2026Participated
$5 MOther Equity
Superstate
Jan 2026Led
$83 MSeries B
Meanwhile
Oct 2025Led
$82 MOther Equity
Turnkey
Jun 2025Led
$30 MSeries B
Celestia
Sep 2024Led
$100 MOther Equity
Curio Research
Aug 2024Led
$6 MSeed
AnchorZero
Jun 2024Led
$8 MSeed
Meanwhile
Oct 2026Led
$38 MOther Equity
World Network
Jul 2026Participated
$53 MICO
Variational
May 2026Participated
$50 MSeries A
Turnkey
May 2026Participated
$13 MOther Equity
Bluesky
Mar 2026Led
$100 MSeries B
Tangled
Mar 2026Participated
$5 MOther Equity
Superstate
Jan 2026Led
$83 MSeries B
Meanwhile
Oct 2025Led
$82 MOther Equity
Turnkey
Jun 2025Led
$30 MSeries B
Celestia
Sep 2024Led
$100 MOther Equity
Curio Research
Aug 2024Led
$6 MSeed
AnchorZero
Jun 2024Led
$8 MSeed
27
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Insights

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Deal Distribution

Bain Capital Crypto: 27 funding rounds are recorded in the selected participation categories.All available history.
Bain Capital Crypto: 27 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed100
Series A22
Series B30
Series C+02
Other Equity43
ICO01

Monthly Deal Activity

Bain Capital Crypto: 27 deals are recorded across 51 months.All available history.
Bain Capital Crypto: 27 deals are recorded across 51 months. All available history
MonthDeals
Aug '221
Sep '222
Oct '222
Nov '221
Dec '220
Jan '230
Feb '232
Mar '230
Apr '230
May '231
Jun '230
Jul '231
Aug '230
Sep '230
Oct '232
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '241
Jun '242
Jul '240
Aug '241
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '260
Mar '262
Apr '260
May '262
Jun '260
Jul '261
Aug '260
Sep '260
Oct '261

Sector Breakdown

Bain Capital Crypto: Crypto & Blockchain is the largest displayed sector by deal count (19 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Bain Capital Crypto: Crypto & Blockchain is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Crypto & Blockchain19
Fintech9
Developer Tools6
Networks, Cloud & Communication5
Cybersecurity & Privacy4
Enterprise Software2
Gaming & eSports2
Social & Community Platforms1
Hardware & Robotics1
Media & Entertainment1
Data, Analytics & IT1

Deal Size Distribution

Bain Capital Crypto: 27 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Bain Capital Crypto: 27 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M6
$10M-$25M2
$25M-$50M5
$50M-$100M5
$100M-$250M4
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Bain Capital Crypto: United States has the largest recorded deal count among the displayed regions (19 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Bain Capital Crypto: United States has the largest recorded deal count among the displayed regions (19 deals). All available history
RegionDeals
United States19
Europe4
Bermuda2
Cayman Islands1
South Africa1
Bain Capital Crypto: 20 co-investors are shown, with Robot Ventures sharing 6 recorded deals.All available history.

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.

Bain Capital Crypto: 20 co-investors are shown, with Robot Ventures sharing 6 recorded deals. All available history
Co-investorShared deals
Robot Ventures6
Blockchain Capital4
Distributed Global4
Galaxy Digital4
Galaxy Ventures3
Haun Ventures3
Lightspeed Faction3
Pantera Capital3
1kx2
6th Man Ventures2
Andreessen Horowitz2
Apollo2
Archetype2
Coinbase Ventures2
Delphi Digital2
Jump Crypto2
Northwestern Mutual Future Ventures2
Placeholder2
Polychain Capital2
Road Capital2

Investment Strategy

Bain Capital Crypto: Led accounts for 70% and participating for 30% of round participation.All available history.
Bain Capital Crypto: Led accounts for 70% and participating for 30% of round participation. All available history
CategoryDeals (count)Share (%)
Led1970%
Participating830%
Bain Capital Crypto: Single-lead accounts for 63% and co-led for 37% of lead dynamics.All available history.
Bain Capital Crypto: Single-lead accounts for 63% and co-led for 37% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1263%
Co-led737%

Team

Alex Evans

Managing Partner

Lydia Hylton

Partner

Stefan Cohen

Partner