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The Venture Codex

Wintermute

41 Lothbury, London, EC2R 7HF, United Kingdom

Overview

Global algorithmic trading firm for digital asset markets.

Founded

2017

Deals ยท 12mo

4

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Singapore
United Kingdom
United States

Sector focus

Blockchain
Cryptocurrency
Financial Services

Investment portfolio

34rounds
NAMEDATESIZE
Jeeves Inc.
Sep 2026Participated
$110 MSeries C
Silicon Data
Aug 2026Participated
$31 MSeries A
Aura Finance
Jan 2026Participated
$5 MSeed
Pave Bank
Oct 2025Participated
$39 MSeries A
Dfns
Jan 2025Participated
$16 MSeries A
Notabene
Nov 2024Participated
$15 MSeries B
Stork Network
Aug 2024Participated
$5 MSeed
Crossover Markets Group
Jun 2024Participated
$12 MSeries A
Reya
Mar 2024Participated
$10 MOther Equity
Backpack
Mar 2024Participated
$17 MSeries A
Analog
Feb 2024Participated
$16 MOther Equity
Pontem Network
Jan 2024Participated
$6 MOther Equity
Jeeves Inc.
Sep 2026Participated
$110 MSeries C
Silicon Data
Aug 2026Participated
$31 MSeries A
Aura Finance
Jan 2026Participated
$5 MSeed
Pave Bank
Oct 2025Participated
$39 MSeries A
Dfns
Jan 2025Participated
$16 MSeries A
Notabene
Nov 2024Participated
$15 MSeries B
Stork Network
Aug 2024Participated
$5 MSeed
Crossover Markets Group
Jun 2024Participated
$12 MSeries A
Reya
Mar 2024Participated
$10 MOther Equity
Backpack
Mar 2024Participated
$17 MSeries A
Analog
Feb 2024Participated
$16 MOther Equity
Pontem Network
Jan 2024Participated
$6 MOther Equity
34
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Wintermute: 34 funding rounds are recorded in the selected participation categories.All available history.
Wintermute: 34 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed08
Series A014
Series B02
Series C+01
Other Equity08
ICO01

Monthly Deal Activity

Wintermute: 34 deals are recorded across 66 months.All available history.
Wintermute: 34 deals are recorded across 66 months. All available history
MonthDeals
May '211
Jun '212
Jul '210
Aug '210
Sep '214
Oct '211
Nov '210
Dec '212
Jan '221
Feb '221
Mar '221
Apr '223
May '221
Jun '221
Jul '223
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '241
Mar '242
Apr '240
May '240
Jun '241
Jul '240
Aug '241
Sep '240
Oct '240
Nov '241
Dec '240
Jan '251
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '251
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

Wintermute: Crypto & Blockchain is the largest displayed sector by deal count (27 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Wintermute: Crypto & Blockchain is the largest displayed sector by deal count (27 deals). All available history
SectorDeals
Crypto & Blockchain27
Fintech22
Data, Analytics & IT4
Enterprise Software3
Networks, Cloud & Communication2
Marketing & Advertising2
Hardware & Robotics2
Social & Community Platforms1
Developer Tools1
Media & Entertainment1
AI & Machine Learning1

Deal Size Distribution

Wintermute: 34 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Wintermute: 34 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M5
$5M-$10M9
$10M-$25M13
$25M-$50M4
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Wintermute: United States has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 8 of 8 regions; European countries are grouped as Europe.

Wintermute: United States has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
United States14
Europe9
Singapore6
Vg11101
Seychelles1
New Zealand1
Cayman Islands1
63001
Wintermute: 20 co-investors are shown, with Coinbase Ventures sharing 9 recorded deals.All available history.

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.

Wintermute: 20 co-investors are shown, with Coinbase Ventures sharing 9 recorded deals. All available history
Co-investorShared deals
Coinbase Ventures9
Flow Traders6
GSR6
Jump Capital6
Pantera Capital6
LedgerPrime5
Alameda Research4
GoldenTree Asset Management4
Andreessen Horowitz3
Arrington Capital3
DRW Venture Capital3
Electric Capital3
Founders Fund3
Framework Ventures3
Hashed3
Hypersphere Ventures3
MGNR3
Altonomy2
Amber Group2
CMS Holdings2

Investment Strategy

Wintermute: Led accounts for 0% and participating for 100% of round participation.All available history.
Wintermute: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating34100%
Wintermute: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Wintermute: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Evgeny Gaevoy

Co-founder and CEO

Yoann Turpin

Co-Founder & Head Of Business Development