Overview
Digital asset trading and technology firm providing liquidity solutions.
Founded
2020
Deals · 12mo
6
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Ekiden | May 2026Participated | $2 MSeed | |
Enhanced Labs | Apr 2026Participated | $1 MSeed | |
Birch Hill Holdings | Feb 2026Participated | $3 MSeed | |
Superstate | Jan 2026Participated | $83 MSeries B | |
Turtle Club | Oct 2025Participated | $6 MOther Equity | |
Printr | Oct 2025Participated | $2 MSeed | |
USD.AI | Aug 2025Participated | $13 MSeries A | |
Doppler Finance | Aug 2025Participated | $3 MSeed | |
Subzero Labs | Aug 2025Participated | $20 MSeed | |
Theo | Apr 2025Participated | $20 MOther Equity | |
Level | Mar 2025Participated | $3 MOther Equity | |
Mezo | Jul 2024Participated | $8 MOther Equity | |
Ekiden | May 2026Participated | $2 MSeed | |
Enhanced Labs | Apr 2026Participated | $1 MSeed | |
Birch Hill Holdings | Feb 2026Participated | $3 MSeed | |
Superstate | Jan 2026Participated | $83 MSeries B | |
Turtle Club | Oct 2025Participated | $6 MOther Equity | |
Printr | Oct 2025Participated | $2 MSeed | |
USD.AI | Aug 2025Participated | $13 MSeries A | |
Doppler Finance | Aug 2025Participated | $3 MSeed | |
Subzero Labs | Aug 2025Participated | $20 MSeed | |
Theo | Apr 2025Participated | $20 MOther Equity | |
Level | Mar 2025Participated | $3 MOther Equity | |
Mezo | Jul 2024Participated | $8 MOther Equity |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 0 | 6 |
| Series A | 0 | 1 |
| Series B | 0 | 2 |
| Other Equity | 0 | 6 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Mar '24 | 1 |
| Apr '24 | 1 |
| May '24 | 0 |
| Jun '24 | 1 |
| Jul '24 | 1 |
| Aug '24 | 0 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 0 |
| Mar '25 | 1 |
| Apr '25 | 1 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 3 |
| Sep '25 | 0 |
| Oct '25 | 2 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 1 |
| Feb '26 | 1 |
| Mar '26 | 0 |
| Apr '26 | 1 |
| May '26 | 1 |
| 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 | 14 |
| Fintech | 7 |
| AI & Machine Learning | 2 |
| Developer Tools | 1 |
| Networks, Cloud & Communication | 1 |
| Hardware & Robotics | 1 |
| Enterprise Software | 1 |
| E-Commerce & Retail | 1 |
| Professional Services | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 6 |
| $5M-$10M | 5 |
| $10M-$25M | 3 |
| $25M-$50M | 0 |
| $50M-$100M | 1 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 3 of 3 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 10 |
| Europe | 4 |
| Cayman Islands | 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 | 7 |
| Amber Group | 3 |
| Mantle | 3 |
| Mirana Ventures | 3 |
| Dragonfly | 2 |
| HashKey Capital | 2 |
| Hypersphere Ventures | 2 |
| Mysten Labs | 2 |
| ParaFi Capital | 2 |
| Selini Capital | 2 |
| StarkWare | 2 |
| 1kx | 1 |
| Amber | 1 |
| Anchorage | 1 |
| Anthos Capital | 1 |
| Aptos Labs | 1 |
| Aquarius Fund | 1 |
| ArkStream Capital | 1 |
| Auros | 1 |
| AVID3 | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 0 | 0% |
| Participating | 15 | 100% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 0 | 0% |
| Co-led | 0 | 0% |
Lead dynamics requires at least one led deal in this range