Overview
Investment fund focused on blockchain and distributed ledger technology.
Founded
2015
Deals · 12mo
15
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
functionSPACE | Sep 2026Led | $2 MSeed | |
Tenka | Sep 2026Led | $2 MSeed | |
THEA | Jul 2026Participated | $8 MOther Equity | |
Adjacent | Jul 2026Participated | $3 MSeed | |
Polysights | Jun 2026Participated | $2 MSeed | |
Range Labs | Jun 2026Led | $8 MSeries A | |
3F | Apr 2026Led | $3 MSeed | |
Oh | Apr 2026Led | $8 MSeries A | |
Valinor | Mar 2026Participated | $25 MSeed | |
Utexo | Mar 2026Participated | $8 MSeed | |
Finrob | Feb 2026Participated | $4 MSeed | |
Frontera Labs | Dec 2025Led | $3 MSeed | |
functionSPACE | Sep 2026Led | $2 MSeed | |
Tenka | Sep 2026Led | $2 MSeed | |
THEA | Jul 2026Participated | $8 MOther Equity | |
Adjacent | Jul 2026Participated | $3 MSeed | |
Polysights | Jun 2026Participated | $2 MSeed | |
Range Labs | Jun 2026Led | $8 MSeries A | |
3F | Apr 2026Led | $3 MSeed | |
Oh | Apr 2026Led | $8 MSeries A | |
Valinor | Mar 2026Participated | $25 MSeed | |
Utexo | Mar 2026Participated | $8 MSeed | |
Finrob | Feb 2026Participated | $4 MSeed | |
Frontera Labs | Dec 2025Led | $3 MSeed |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 11 | 28 |
| Series A | 3 | 11 |
| Other Equity | 3 | 11 |
| ICO | 0 | 1 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Mar '20 | 1 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 0 |
| Jul '20 | 1 |
| Aug '20 | 0 |
| Sep '20 | 0 |
| Oct '20 | 0 |
| Nov '20 | 0 |
| Dec '20 | 0 |
| Jan '21 | 1 |
| Feb '21 | 0 |
| Mar '21 | 0 |
| Apr '21 | 0 |
| May '21 | 1 |
| Jun '21 | 2 |
| Jul '21 | 2 |
| Aug '21 | 0 |
| Sep '21 | 1 |
| Oct '21 | 0 |
| Nov '21 | 2 |
| Dec '21 | 0 |
| Jan '22 | 0 |
| Feb '22 | 2 |
| Mar '22 | 1 |
| Apr '22 | 0 |
| May '22 | 0 |
| Jun '22 | 0 |
| Jul '22 | 0 |
| Aug '22 | 2 |
| Sep '22 | 0 |
| Oct '22 | 0 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 1 |
| Mar '23 | 1 |
| Apr '23 | 2 |
| May '23 | 1 |
| Jun '23 | 1 |
| Jul '23 | 1 |
| Aug '23 | 1 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 1 |
| Jan '24 | 3 |
| Feb '24 | 1 |
| Mar '24 | 5 |
| Apr '24 | 2 |
| May '24 | 3 |
| Jun '24 | 0 |
| Jul '24 | 2 |
| Aug '24 | 2 |
| Sep '24 | 0 |
| Oct '24 | 1 |
| Nov '24 | 1 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 0 |
| Mar '25 | 1 |
| Apr '25 | 3 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 3 |
| Sep '25 | 1 |
| Oct '25 | 0 |
| Nov '25 | 1 |
| Dec '25 | 3 |
| Jan '26 | 0 |
| Feb '26 | 1 |
| Mar '26 | 2 |
| Apr '26 | 2 |
| May '26 | 0 |
| Jun '26 | 2 |
| Jul '26 | 2 |
| Aug '26 | 0 |
| Sep '26 | 2 |
| 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 | 52 |
| Fintech | 35 |
| Enterprise Software | 9 |
| AI & Machine Learning | 8 |
| Developer Tools | 7 |
| Networks, Cloud & Communication | 5 |
| Cybersecurity & Privacy | 4 |
| Data, Analytics & IT | 4 |
| Gaming & eSports | 4 |
| E-Commerce & Retail | 3 |
| Clean Energy & Sustainability | 2 |
| Professional Services | 2 |
| AR/VR | 1 |
| Space & Frontier Tech | 1 |
| Consumer & Lifestyle | 1 |
| Marketing & Advertising | 1 |
| Hardware & Robotics | 1 |
| Food & Agriculture | 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 | 28 |
| $5M-$10M | 19 |
| $10M-$25M | 13 |
| $25M-$50M | 7 |
| $50M-$100M | 1 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 8 of 8 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 33 |
| Europe | 26 |
| Singapore | 3 |
| South Africa | 2 |
| United Arab Emirates | 1 |
| Cayman Islands | 1 |
| Canada | 1 |
| Australia | 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 |
|---|---|
| 1kx | 11 |
| Robot Ventures | 9 |
| Blockchain Capital | 8 |
| Placeholder | 8 |
| Coinbase Ventures | 6 |
| Polychain Capital | 6 |
| CMT Digital | 5 |
| Lattice Fund | 5 |
| OKX Ventures | 5 |
| Auros | 4 |
| Bankless Ventures | 4 |
| Fenbushi Capital | 4 |
| Figment Capital | 4 |
| GSR | 4 |
| Hypersphere Ventures | 4 |
| Paper Ventures | 4 |
| Spartan Group | 4 |
| Volt Capital | 4 |
| Archetype | 3 |
| CoinFund | 3 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 17 | 25% |
| Participating | 51 | 75% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 7 | 41% |
| Co-led | 10 | 59% |
Team
Managing Partner
Chief Executive Officer & Managing General Partner
Associate Partner