Overview
Cryptocurrency infrastructure for blockchain and Web3 growth.
Founded
2015
Deals ยท 12mo
9
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Navra | Oct 2026Participated | $19 MSeries A | |
City Protocol | Aug 2026Participated | $11 MSeed | |
Squads | Apr 2026Participated | $18 MOther Equity | |
Pump.fun | Apr 2026Participated | $5 MSeed | |
TBD | Feb 2026Participated | $3 MSeed | |
Opinion Labs | Feb 2026Led | $20 MSeries A | |
TBD | Feb 2026Participated | $3 MSeed | |
Ostium | Dec 2025Led | $24 MSeries A | |
CoinBay | Dec 2025Led | $24 MSeries A | |
Kratos Gamer Network (KGeN) | Sep 2025Led | $14 MOther Equity | |
Zero Hash | Sep 2025Participated | $104 MSeries D | |
Raiku | Sep 2025Participated | $14 MSeed | |
Navra | Oct 2026Participated | $19 MSeries A | |
City Protocol | Aug 2026Participated | $11 MSeed | |
Squads | Apr 2026Participated | $18 MOther Equity | |
Pump.fun | Apr 2026Participated | $5 MSeed | |
TBD | Feb 2026Participated | $3 MSeed | |
Opinion Labs | Feb 2026Led | $20 MSeries A | |
TBD | Feb 2026Participated | $3 MSeed | |
Ostium | Dec 2025Led | $24 MSeries A | |
CoinBay | Dec 2025Led | $24 MSeries A | |
Kratos Gamer Network (KGeN) | Sep 2025Led | $14 MOther Equity | |
Zero Hash | Sep 2025Participated | $104 MSeries D | |
Raiku | Sep 2025Participated | $14 MSeed |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 10 | 14 |
| Series A | 7 | 8 |
| Series B | 2 | 3 |
| Series C+ | 0 | 1 |
| Other Equity | 9 | 9 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Dec '21 | 1 |
| Jan '22 | 4 |
| Feb '22 | 3 |
| Mar '22 | 2 |
| Apr '22 | 3 |
| May '22 | 4 |
| Jun '22 | 4 |
| Jul '22 | 2 |
| Aug '22 | 2 |
| Sep '22 | 4 |
| Oct '22 | 2 |
| Nov '22 | 1 |
| Dec '22 | 1 |
| Jan '23 | 1 |
| Feb '23 | 1 |
| Mar '23 | 0 |
| Apr '23 | 3 |
| May '23 | 0 |
| Jun '23 | 1 |
| Jul '23 | 0 |
| Aug '23 | 2 |
| Sep '23 | 0 |
| Oct '23 | 1 |
| Nov '23 | 0 |
| Dec '23 | 0 |
| Jan '24 | 0 |
| Feb '24 | 2 |
| Mar '24 | 1 |
| Apr '24 | 1 |
| May '24 | 2 |
| Jun '24 | 0 |
| Jul '24 | 0 |
| Aug '24 | 0 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 1 |
| Feb '25 | 0 |
| Mar '25 | 0 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 5 |
| Oct '25 | 0 |
| Nov '25 | 0 |
| Dec '25 | 2 |
| Jan '26 | 0 |
| Feb '26 | 3 |
| Mar '26 | 0 |
| Apr '26 | 2 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 1 |
| Sep '26 | 0 |
| 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 | 48 |
| Fintech | 34 |
| Networks, Cloud & Communication | 8 |
| Enterprise Software | 7 |
| Cybersecurity & Privacy | 4 |
| Marketing & Advertising | 4 |
| Gaming & eSports | 4 |
| Developer Tools | 3 |
| Hardware & Robotics | 2 |
| Manufacturing | 2 |
| AI & Machine Learning | 2 |
| Professional Services | 2 |
| Real Estate & Construction | 1 |
| Consumer & Lifestyle | 1 |
| Social & Community Platforms | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 11 |
| $5M-$10M | 10 |
| $10M-$25M | 22 |
| $25M-$50M | 10 |
| $50M-$100M | 3 |
| $100M-$250M | 3 |
| $250M-$500M | 1 |
| $500M-$1B | 0 |
| $1B+ | 3 |
Deals By Geography
Top 10 of 16 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 32 |
| Europe | 8 |
| Singapore | 6 |
| Hong Kong | 3 |
| India | 2 |
| Canada | 2 |
| Mauritius | 1 |
| Cayman Islands | 1 |
| United Arab Emirates | 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 | 13 |
| CMT Digital | 7 |
| Multicoin Capital | 7 |
| Pantera Capital | 7 |
| Dragonfly | 6 |
| Galaxy Digital | 6 |
| ParaFi Capital | 6 |
| Solana Ventures | 6 |
| Alameda Research | 5 |
| Electric Capital | 5 |
| FTX Ventures | 5 |
| Big Brain Holdings | 4 |
| Circle Ventures | 4 |
| Digital Currency Group | 4 |
| GSR | 4 |
| Animoca Brands | 3 |
| CoinFund | 3 |
| DeFiance Capital | 3 |
| Hashed | 3 |
| HashKey Capital | 3 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 28 | 44% |
| Participating | 35 | 56% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 11 | 39% |
| Co-led | 17 | 61% |
Team
Developer Advocate
President
CMO
Vice President
Quantitative Researcher