Overview
Investment firm focused on crypto-related startups.
Founded
2021
Deals · 12mo
11
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Meanwhile | Oct 2026Participated | $38 MOther Equity | |
Velocity | Sep 2026Participated | $10 MSeries A | |
River Markets | Aug 2026Led | $9 MSeed | |
Jota | Jun 2026Led | $29 MSeries A | |
Airwallex | Jun 2026Participated | $320 MSeries H | |
Squads | Apr 2026Participated | $18 MOther Equity | |
Liquid | Apr 2026Participated | $18 MSeed | |
XFX | Mar 2026Participated | $17 MSeries A | |
Superstate | Jan 2026Participated | $83 MSeries B | |
Erebor Bank | Jan 2026Participated | $350 MOther Equity | |
Lighter | Nov 2025Participated | $68 MOther Equity | |
Meanwhile | Oct 2025Led | $82 MOther Equity | |
Meanwhile | Oct 2026Participated | $38 MOther Equity | |
Velocity | Sep 2026Participated | $10 MSeries A | |
River Markets | Aug 2026Led | $9 MSeed | |
Jota | Jun 2026Led | $29 MSeries A | |
Airwallex | Jun 2026Participated | $320 MSeries H | |
Squads | Apr 2026Participated | $18 MOther Equity | |
Liquid | Apr 2026Participated | $18 MSeed | |
XFX | Mar 2026Participated | $17 MSeries A | |
Superstate | Jan 2026Participated | $83 MSeries B | |
Erebor Bank | Jan 2026Participated | $350 MOther Equity | |
Lighter | Nov 2025Participated | $68 MOther Equity | |
Meanwhile | Oct 2025Led | $82 MOther Equity |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 5 | 4 |
| Series A | 5 | 3 |
| Series B | 1 | 1 |
| Series C+ | 0 | 1 |
| Other Equity | 5 | 7 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| May '22 | 2 |
| Jun '22 | 1 |
| Jul '22 | 0 |
| Aug '22 | 1 |
| Sep '22 | 0 |
| Oct '22 | 1 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 1 |
| Feb '23 | 0 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 0 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 2 |
| Jan '24 | 0 |
| Feb '24 | 0 |
| Mar '24 | 0 |
| Apr '24 | 0 |
| May '24 | 4 |
| Jun '24 | 1 |
| Jul '24 | 0 |
| Aug '24 | 1 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 1 |
| Dec '24 | 2 |
| Jan '25 | 0 |
| Feb '25 | 2 |
| Mar '25 | 0 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 1 |
| Sep '25 | 0 |
| Oct '25 | 1 |
| Nov '25 | 1 |
| Dec '25 | 0 |
| Jan '26 | 2 |
| Feb '26 | 0 |
| Mar '26 | 1 |
| Apr '26 | 2 |
| May '26 | 0 |
| Jun '26 | 2 |
| Jul '26 | 0 |
| Aug '26 | 1 |
| Sep '26 | 1 |
| Oct '26 | 1 |
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 | 21 |
| Fintech | 17 |
| Enterprise Software | 5 |
| E-Commerce & Retail | 4 |
| Data, Analytics & IT | 4 |
| Networks, Cloud & Communication | 4 |
| Developer Tools | 4 |
| Social & Community Platforms | 2 |
| Education & Workforce | 1 |
| Government & Defense | 1 |
| Cybersecurity & Privacy | 1 |
| Media & Entertainment | 1 |
| AI & Machine Learning | 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 | 0 |
| $5M-$10M | 5 |
| $10M-$25M | 12 |
| $25M-$50M | 4 |
| $50M-$100M | 8 |
| $100M-$250M | 1 |
| $250M-$500M | 2 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 7 of 7 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 22 |
| Europe | 4 |
| Bermuda | 2 |
| Brazil | 1 |
| Singapore | 1 |
| 95054 | 1 |
| Philippines | 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 |
|---|---|
| Coinbase Ventures | 12 |
| Paradigm | 5 |
| Bain Capital Crypto | 3 |
| Electric Capital | 3 |
| Galaxy Ventures | 3 |
| General Catalyst | 3 |
| SV Angel | 3 |
| Union Square Ventures | 3 |
| Variant | 3 |
| 1kx | 2 |
| A Capital | 2 |
| Apollo | 2 |
| Brevan Howard Digital | 2 |
| Circle Ventures | 2 |
| Founders Fund | 2 |
| FTX Ventures | 2 |
| Jump Crypto | 2 |
| Northwestern Mutual Future Ventures | 2 |
| Pantera Capital | 2 |
| ParaFi Capital | 2 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 16 | 50% |
| Participating | 16 | 50% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 14 | 88% |
| Co-led | 2 | 13% |
Team
Partner
General Partner
Founder & CEO
Chief Marketing Officer
Partner