ParaFi Capital
500 West Putnam Avenue, Suite 400, Greenwich, Connecticut, 06830, United States
Overview
We are ParaFi, an alternative asset management and technology firm that operates liquid and venture strategies focused on the digital asset ecosystem. Founded in 2018, ParaFi was among the earliest institutional investors in the blockchain industry and has evolved into a trusted partner by leading institutions globally.
- Total investments
- 71
- Lead investments
- 24
- Investments · 12mo
- 10
- Active investors
- 4
Sector focus
- Blockchain
- Decentralized Finance (DeFi)
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Ground
Led · Seed · Jun 2026
Ground offers an API that lets financial platforms embed onchain yield products—matching strategies to clients' risk and liquidity preferences—without building their own blockchain integrations. Its platform currently supports crypto-native yield sources including lending protocols and structured products, and plans to add liquid staking tokens; Cuming cited protocols such as Aave, Morpho, Maple, and Kamino across Ethereum, Solana, and Layer 2 networks. Target customers include fintechs, neobanks, wealth managers, exchanges, and asset managers building yield, savings, or investment products. Ground launched from stealth alongside its fundraising and is based in San Francisco. The company plans to monetize via usage-based platform fees and intends to expand its team by two to four hires. Ground was co-founded by Reid Cuming and CTO Sam Yoon; Cuming previously co-founded Superstate and served at Compound Treasury, and the company currently has three full-time employees plus one contractor.
- Fence
Participated · Series A · Apr 2026
Fence provides a software-driven platform that verifies assets, enforces credit agreements, and automates cash flows in real time to support asset-backed finance. Its solution is used across warehouse facilities, securitizations, and forward flow agreements and spans asset classes including invoice financing, BNPL, consumer loans, auto loans, mortgages, credit-card receivables, and Earned Wage Access. The company positions itself as a replacement for traditional trust and agency service providers by delivering internet-native infrastructure for debt capital markets. Led by CEO Juan Montero and based in New York City, Fence recently raised $20M in new funding. The company plans to use the funds to accelerate expansion into the U.S., grow its engineering team, and deepen product capabilities. The article does not provide revenue, user, or other operating metrics.
- TBD
Led · Seed · Feb 2026
TBD operates an on-chain prediction market platform where every vote and trade comes from a uniquely verified human, leveraging World ID authentication to keep bots and AI-generated activity out. Its core product lets individuals and organizations post polls that immediately translate into Solana-based markets, aligning economic incentives with real-world opinion data. During a private beta, the protocol hosted over 4,000 markets and logged more than 19 million votes from 225,000+ participants worldwide, demonstrating early traction and network effects. The company was founded by Corey Miller and Taehoon Lee, who previously built products together at dYdX. By merging polling and trading into one workflow, TBD seeks to become the definitive source of large-scale, AI-resistant sentiment data for businesses, policymakers, and researchers. The public launch accompanies a fresh capital infusion that will fund further product development and scaling efforts.
- Birch Hill Holdings
Led · Seed · Feb 2026
Birch Hill Holdings is an institutional digital asset infrastructure firm that structures on-chain lending strategies and tokenized asset market access for fiduciaries. Its core offering combines traditional credit-market discipline with blockchain settlement efficiencies, anchored by the Birch Hill Collateral Risk Framework that delivers real-time oversight of collateral quality, liquidity conditions, and pricing data integrity. The platform works with institutional service providers for custody, monitoring, identity verification, and audit to ensure a fully compliant operating environment. Birch Hill’s founding team previously built structured credit products at Goldman Sachs and institutional risk systems within BlackRock’s Aladdin platform, later spinning up a digital asset research unit now operating as Birch Hill Labs. With the newly raised capital, the company will grow its technical risk and engineering teams and pursue regulatory registrations needed to serve institutional clients. Initial lending strategies are rolling out through established blockchain lending platforms, with plans to expand into a broader suite of institutional credit offerings tailored to varying compliance and risk requirements. Based in New York, Birch Hill has so far secured $2.5 million in pre-seed funding to fuel these initiatives.
- Jupiter
Led · Equity · Feb 2026
Jupiter operates as one of the largest decentralized exchanges on the Solana blockchain, currently focused on providing low-cost, high-speed token swaps. The team is now broadening the platform’s scope by integrating Polymarket, positioning Jupiter as a comprehensive hub for on-chain prediction markets. Over the next year the project plans to ship robust prediction-market APIs, an improved market-discovery UX, richer market data and novel trading mechanisms, all grouped under the forthcoming "Jupiter Predict" initiative. Jupiter’s economic footprint is already significant, with roughly $2.35 billion in total value locked, annualized fees of about $650 million and annualized protocol revenue near $150 million, according to DeFiLlama. The exchange’s native ecosystem includes the JUP governance token and JupUSD, its dollar-pegged stablecoin. These tools underpin both trading activity and the newly announced strategic investment that will help finance further product development. By adding prediction markets alongside swaps, Jupiter aims to make on-chain financial infrastructure more comprehensive and user-friendly for Solana users.