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Delphi Digital

85 Broad St, New York, NY, 10004, United States

Overview

Independent research boutique for digital asset market analysis.

Founded

2018

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
China
United States

Sector focus

Consulting
Cryptocurrency
Market Research
Venture Capital

Investment portfolio

38rounds
NAMEDATESIZE
TestMachine
Dec 2025Led
$7 MOther Equity
Nous Research
Apr 2025Participated
$65 MOther Equity
MagicBlock
Apr 2025Participated
$8 MSeed
0G Labs
Nov 2024Participated
$40 MSeed
Zero Gravity Labs
Nov 2024Participated
$40 MSeed
Jungle
Jul 2024Participated
$6 MSeed
Allora Labs
Jun 2024Participated
$35 MOther Equity
0G Labs
Mar 2024Participated
$35 MSeed
Nyan Heroes
Mar 2024Participated
$3 MOther Equity
Eclipse
Mar 2024Participated
$50 MSeries A
io.net
Mar 2024Participated
$30 MSeries A
READYgg
Feb 2024Participated
$4 MOther Equity
TestMachine
Dec 2025Led
$7 MOther Equity
Nous Research
Apr 2025Participated
$65 MOther Equity
MagicBlock
Apr 2025Participated
$8 MSeed
0G Labs
Nov 2024Participated
$40 MSeed
Zero Gravity Labs
Nov 2024Participated
$40 MSeed
Jungle
Jul 2024Participated
$6 MSeed
Allora Labs
Jun 2024Participated
$35 MOther Equity
0G Labs
Mar 2024Participated
$35 MSeed
Nyan Heroes
Mar 2024Participated
$3 MOther Equity
Eclipse
Mar 2024Participated
$50 MSeries A
io.net
Mar 2024Participated
$30 MSeries A
READYgg
Feb 2024Participated
$4 MOther Equity
38
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Delphi Digital: 38 funding rounds are recorded in the selected participation categories.All available history.
Delphi Digital: 38 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed312
Series A28
Other Equity49

Monthly Deal Activity

Delphi Digital: 38 deals are recorded across 68 months.All available history.
Delphi Digital: 38 deals are recorded across 68 months. All available history
MonthDeals
Mar '211
Apr '211
May '212
Jun '210
Jul '212
Aug '210
Sep '211
Oct '214
Nov '211
Dec '210
Jan '223
Feb '220
Mar '223
Apr '220
May '221
Jun '220
Jul '220
Aug '221
Sep '220
Oct '221
Nov '221
Dec '220
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '244
Apr '240
May '240
Jun '241
Jul '241
Aug '240
Sep '240
Oct '240
Nov '242
Dec '240
Jan '250
Feb '250
Mar '250
Apr '252
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Delphi Digital: Crypto & Blockchain is the largest displayed sector by deal count (25 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.

Delphi Digital: Crypto & Blockchain is the largest displayed sector by deal count (25 deals). All available history
SectorDeals
Crypto & Blockchain25
Gaming & eSports10
AI & Machine Learning7
Enterprise Software5
Networks, Cloud & Communication4
Hardware & Robotics4
AR/VR3
Fintech3
Data, Analytics & IT2
Consumer & Lifestyle2
Developer Tools2
Education & Workforce1
E-Commerce & Retail1
Cybersecurity & Privacy1
Manufacturing1
Media & Entertainment1
Social & Community Platforms1

Deal Size Distribution

Delphi Digital: 38 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.

Delphi Digital: 38 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M16
$10M-$25M7
$25M-$50M7
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Delphi Digital: United States has the largest recorded deal count among the displayed regions (25 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

Delphi Digital: United States has the largest recorded deal count among the displayed regions (25 deals). All available history
RegionDeals
United States25
Europe3
Singapore2
China2
Canada2
Philippines1
Vietnam1
Brazil1
Hong Kong1
Delphi Digital: 20 co-investors are shown, with Mechanism Capital sharing 10 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.

Delphi Digital: 20 co-investors are shown, with Mechanism Capital sharing 10 recorded deals. All available history
Co-investorShared deals
Mechanism Capital10
BITKRAFT Ventures7
Blockchain Capital6
Framework Ventures6
Multicoin Capital6
OKX Ventures6
Animoca Brands5
Hack VC5
CoinFund4
DeFiance Capital4
Fenbushi Capital4
Flamingo DAO4
Hashed4
Merit Circle4
Polychain Capital4
Slow Ventures4
The LAO4
6th Man Ventures3
AllianceDAO (DeFi Alliance)3
Coinbase Ventures3

Investment Strategy

Delphi Digital: Led accounts for 24% and participating for 76% of round participation.All available history.
Delphi Digital: Led accounts for 24% and participating for 76% of round participation. All available history
CategoryDeals (count)Share (%)
Led924%
Participating2976%
Delphi Digital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Delphi Digital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led9100%

Team

Anil Lulla

Co-Founder, President, & Chair

Colin Gillingham

Head Of Marketing

José Maria Macedo

Partner

Joseph A.C. Lloyd

Blockchain Gaming Research Analyst

Luke Saunders

Chief Technology Officer

Matt Bridges

EIR

Piers Kicks

Partner

Tom Shaughnessy Jr

Co-Founder