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The Venture Codex

Cumberland

540 West Madison Street Suite 2500, Chicago, Illinois, 60661, United States

Overview

Crypto asset trading and investment for financial institutions.

Founded

2014

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Australia
Canada
Cayman Islands
Côte d'Ivoire
...

Sector focus

Bitcoin
Cryptocurrency
Financial Services

Investment portfolio

15rounds
NAMEDATESIZE
GoCab
Jan 2026Participated
$45 MDebt
Tilt
Sep 2025Participated
$7 MSeed
Plasma
Feb 2025Participated
$20 MSeries A
Mintify
Aug 2024Participated
$3 MOther Equity
Bluefin
Jun 2024Participated
$17 MOther Equity
Ithaca Finance
Jan 2024Led
$3 MSeed
Term Structure Labs
Nov 2023Led
$4 MSeed
DFlow
Apr 2023Participated
$6 MOther Equity
Mangrove DAO
Feb 2023Led
$7 MSeries A
Delphia
Jun 2022Participated
$60 MSeries A
Tonic
Apr 2022Participated
$5 MOther Equity
Ren Labs
Feb 2022Participated
$8 MOther Equity
GoCab
Jan 2026Participated
$45 MDebt
Tilt
Sep 2025Participated
$7 MSeed
Plasma
Feb 2025Participated
$20 MSeries A
Mintify
Aug 2024Participated
$3 MOther Equity
Bluefin
Jun 2024Participated
$17 MOther Equity
Ithaca Finance
Jan 2024Led
$3 MSeed
Term Structure Labs
Nov 2023Led
$4 MSeed
DFlow
Apr 2023Participated
$6 MOther Equity
Mangrove DAO
Feb 2023Led
$7 MSeries A
Delphia
Jun 2022Participated
$60 MSeries A
Tonic
Apr 2022Participated
$5 MOther Equity
Ren Labs
Feb 2022Participated
$8 MOther Equity
15
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Cumberland: 15 funding rounds are recorded in the selected participation categories.All available history.
Cumberland: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed21
Series A13
Other Equity16
Debt01

Monthly Deal Activity

Cumberland: 15 deals are recorded across 129 months.All available history.
Cumberland: 15 deals are recorded across 129 months. All available history
MonthDeals
Feb '161
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '210
Jan '220
Feb '221
Mar '220
Apr '221
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '241
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Cumberland: Crypto & Blockchain is the largest displayed sector by deal count (10 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.

Cumberland: Crypto & Blockchain is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Crypto & Blockchain10
Fintech10
Enterprise Software2
E-Commerce & Retail2
Transportation & Logistics2
Cybersecurity & Privacy1
AI & Machine Learning1

Deal Size Distribution

Cumberland: 15 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.

Cumberland: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M7
$10M-$25M2
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Cumberland: United States has the largest recorded deal count among the displayed regions (4 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Cumberland: United States has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
United States4
Europe4
Canada2
Israel1
CôTe D'ivoire1
Cayman Islands1
Australia1
Nicaragua1
Cumberland: 20 co-investors are shown, with Flow Traders sharing 3 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.

Cumberland: 20 co-investors are shown, with Flow Traders sharing 3 recorded deals. All available history
Co-investorShared deals
Flow Traders3
Framework Ventures3
Arrington Capital2
CMT Digital2
Coinbase Ventures2
FJ Labs2
Multicoin Capital2
ParaFi Capital2
Wintermute Ventures2
6th Man Ventures1
Amber Group1
Arca1
AstraZeneca1
Bitfinex1
Bitmain1
Bixin1
Bixin Ventures1
Blockchain.com1
BlockTower Capital1
Borderless Capital1

Investment Strategy

Cumberland: Led accounts for 27% and participating for 73% of round participation.All available history.
Cumberland: Led accounts for 27% and participating for 73% of round participation. All available history
CategoryDeals (count)Share (%)
Led427%
Participating1173%
Cumberland: Single-lead accounts for 25% and co-led for 75% of lead dynamics.All available history.
Cumberland: Single-lead accounts for 25% and co-led for 75% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead125%
Co-led375%

Team

Donald R. Wilson

Founder & CEO

Jeremy Alons

DevOps Engineer

John Napier

Venture lead

Nate George

VC co-lead