Overview
Research-driven crypto investment firm funding early-stage projects.
Founded
2018
Deals ยท 12mo
22
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Riasm | Oct 2026Participated | $3 MSeed | |
Fab2 | Sep 2026Participated | $500 MSeries A | |
Kalshi | Aug 2026Participated | $1.1 BOther Equity | |
idler | Aug 2026Led | $9 MSeed | |
GTE | Aug 2026Led | $15 MSeries A | |
Antares | Jul 2026Led | $470 MSeries C | |
M1X Global | Jul 2026Led | $6 MSeed | |
Morpho Labs | Jun 2026Led | $175 MOther Equity | |
SendCutSend | May 2026Led | $110 MOther Equity | |
Kalshi | May 2026Participated | $1.0 BSeries F | |
True Anomaly | Apr 2026Participated | $650 MSeries D | |
Liquid | Apr 2026Participated | $18 MSeed | |
Riasm | Oct 2026Participated | $3 MSeed | |
Fab2 | Sep 2026Participated | $500 MSeries A | |
Kalshi | Aug 2026Participated | $1.1 BOther Equity | |
idler | Aug 2026Led | $9 MSeed | |
GTE | Aug 2026Led | $15 MSeries A | |
Antares | Jul 2026Led | $470 MSeries C | |
M1X Global | Jul 2026Led | $6 MSeed | |
Morpho Labs | Jun 2026Led | $175 MOther Equity | |
SendCutSend | May 2026Led | $110 MOther Equity | |
Kalshi | May 2026Participated | $1.0 BSeries F | |
True Anomaly | Apr 2026Participated | $650 MSeries D | |
Liquid | Apr 2026Participated | $18 MSeed |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 13 | 4 |
| Series A | 23 | 4 |
| Series B | 5 | 7 |
| Series C+ | 7 | 9 |
| Other Equity | 21 | 9 |
| ICO | 1 | 0 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Oct '18 | 1 |
| Nov '18 | 0 |
| Dec '18 | 0 |
| Jan '19 | 0 |
| Feb '19 | 0 |
| Mar '19 | 2 |
| Apr '19 | 0 |
| May '19 | 0 |
| Jun '19 | 0 |
| Jul '19 | 0 |
| Aug '19 | 0 |
| Sep '19 | 0 |
| Oct '19 | 0 |
| Nov '19 | 0 |
| Dec '19 | 0 |
| Jan '20 | 0 |
| Feb '20 | 2 |
| Mar '20 | 0 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 0 |
| Jul '20 | 0 |
| Aug '20 | 0 |
| Sep '20 | 1 |
| Oct '20 | 0 |
| Nov '20 | 1 |
| Dec '20 | 0 |
| Jan '21 | 1 |
| Feb '21 | 2 |
| Mar '21 | 4 |
| Apr '21 | 0 |
| May '21 | 2 |
| Jun '21 | 1 |
| Jul '21 | 1 |
| Aug '21 | 4 |
| Sep '21 | 1 |
| Oct '21 | 2 |
| Nov '21 | 3 |
| Dec '21 | 0 |
| Jan '22 | 5 |
| Feb '22 | 0 |
| Mar '22 | 2 |
| Apr '22 | 3 |
| May '22 | 1 |
| Jun '22 | 2 |
| Jul '22 | 1 |
| Aug '22 | 2 |
| Sep '22 | 0 |
| Oct '22 | 6 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 0 |
| Mar '23 | 1 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 1 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 2 |
| Dec '23 | 1 |
| Jan '24 | 1 |
| Feb '24 | 0 |
| Mar '24 | 1 |
| Apr '24 | 2 |
| May '24 | 3 |
| Jun '24 | 2 |
| Jul '24 | 0 |
| Aug '24 | 2 |
| Sep '24 | 1 |
| Oct '24 | 1 |
| Nov '24 | 1 |
| Dec '24 | 0 |
| Jan '25 | 2 |
| Feb '25 | 0 |
| Mar '25 | 3 |
| Apr '25 | 1 |
| May '25 | 0 |
| Jun '25 | 1 |
| Jul '25 | 2 |
| Aug '25 | 0 |
| Sep '25 | 2 |
| Oct '25 | 1 |
| Nov '25 | 2 |
| Dec '25 | 3 |
| Jan '26 | 2 |
| Feb '26 | 0 |
| Mar '26 | 3 |
| Apr '26 | 2 |
| May '26 | 2 |
| Jun '26 | 1 |
| Jul '26 | 2 |
| Aug '26 | 3 |
| 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 | 72 |
| Fintech | 45 |
| Enterprise Software | 21 |
| Networks, Cloud & Communication | 15 |
| AI & Machine Learning | 11 |
| Cybersecurity & Privacy | 8 |
| Media & Entertainment | 7 |
| E-Commerce & Retail | 5 |
| Gaming & eSports | 5 |
| Data, Analytics & IT | 4 |
| Hardware & Robotics | 4 |
| Manufacturing | 4 |
| Professional Services | 4 |
| Developer Tools | 4 |
| Space & Frontier Tech | 3 |
| Education & Workforce | 2 |
| Clean Energy & Sustainability | 2 |
| Government & Defense | 1 |
| AR/VR | 1 |
| Transportation & Logistics | 1 |
| Marketing & Advertising | 1 |
| Health & Life Sciences | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 3 |
| $5M-$10M | 16 |
| $10M-$25M | 22 |
| $25M-$50M | 15 |
| $50M-$100M | 12 |
| $100M-$250M | 20 |
| $250M-$500M | 7 |
| $500M-$1B | 4 |
| $1B+ | 4 |
Deals By Geography
Top 10 of 17 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 78 |
| Europe | 6 |
| Bahamas | 2 |
| Israel | 2 |
| Singapore | 2 |
| India | 2 |
| Liberia | 1 |
| 94104 | 1 |
| Jamaica | 1 |
| Brazil | 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 | 20 |
| Sequoia Capital | 15 |
| Andreessen Horowitz | 12 |
| Electric Capital | 9 |
| Tiger Global | 9 |
| Ribbit Capital | 8 |
| Dragonfly | 7 |
| Polychain Capital | 7 |
| Coatue | 6 |
| Multicoin Capital | 6 |
| Haun Ventures | 5 |
| IVP | 5 |
| Pantera Capital | 5 |
| FTX Ventures | 4 |
| Lightspeed Venture Partners | 4 |
| Robot Ventures | 4 |
| SV Angel | 4 |
| Variant | 4 |
| Accel | 3 |
| ARK Invest | 3 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 70 | 68% |
| Participating | 33 | 32% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 49 | 70% |
| Co-led | 21 | 30% |
Team
Managing Partner and COO
Investment Partner
General Partner
Head Of Research
CMO
Co-Founder
Policy Director
Co-Founder