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The Venture Codex

XBTO

Ideation House, G/F, 94 Pitts Bay Road, Pembroke, HM08, Bermuda

Overview

Institutional-grade liquidity provider for crypto trading platforms.

Deals ยท 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
France
United Kingdom
United States

Sector focus

Cryptocurrency
Financial Services
FinTech
Information Technology

Investment portfolio

8rounds
NAMEDATESIZE
BridgePort
Jul 2025Participated
$3 MSeed
Kiln
Nov 2022Participated
$18 MSeries A
Kwik
Mar 2022Led
$2 MSeries A
Valkyrie Investments
Jul 2021Participated
$10 MSeries A
Nayms
Jun 2021Participated
$6 MOther Equity
Firefly Aerospace
May 2021Participated
$75 MSeries A
Nayms
Jan 2021Led
$2 MSeed
Libra
Nov 2017Participated
$8 MSeries A
BridgePort
Jul 2025Participated
$3 MSeed
Kiln
Nov 2022Participated
$18 MSeries A
Kwik
Mar 2022Led
$2 MSeries A
Valkyrie Investments
Jul 2021Participated
$10 MSeries A
Nayms
Jun 2021Participated
$6 MOther Equity
Firefly Aerospace
May 2021Participated
$75 MSeries A
Nayms
Jan 2021Led
$2 MSeed
Libra
Nov 2017Participated
$8 MSeries A
8
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

XBTO: 8 funding rounds are recorded in the selected participation categories.All available history.
XBTO: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A14
Other Equity01

Monthly Deal Activity

XBTO: 8 deals are recorded across 108 months.All available history.
XBTO: 8 deals are recorded across 108 months. All available history
MonthDeals
Nov '171
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '210
Mar '210
Apr '210
May '211
Jun '211
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '220
Jul '220
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 '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

XBTO: Crypto & Blockchain is the largest displayed sector by deal count (6 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.

XBTO: Crypto & Blockchain is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Crypto & Blockchain6
Fintech5
Hardware & Robotics1
Marketing & Advertising1
Enterprise Software1
Space & Frontier Tech1
Transportation & Logistics1

Deal Size Distribution

XBTO: 8 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.

XBTO: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M2
$10M-$25M2
$25M-$50M0
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

XBTO: United States has the largest recorded deal count among the displayed regions (4 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

XBTO: United States has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
United States4
Europe3
Canada1
XBTO: 20 co-investors are shown, with Coinbase Ventures sharing 2 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.

XBTO: 20 co-investors are shown, with Coinbase Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
Coinbase Ventures2
Maven 112
XBTO Humla Ventures2
10X Capital1
Alven1
Astera Institute1
Blockchain Founders Fund1
BlueYard Capital1
Boost VC1
BTC INC1
Cadenza Ventures1
Canon Ball1
ConsenSys1
Consolidated Trading1
DADA Holdings1
Digital Finance Group1
Funfair Ventures1
Further Ventures1
GSR1
Illuminate Financial1

Investment Strategy

XBTO: Led accounts for 25% and participating for 75% of round participation.All available history.
XBTO: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led225%
Participating675%
XBTO: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
XBTO: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2100%
Co-led00%

Team

Alexi Benhamron

Director of Marketing

Augusto Proiete

Chief Technology Officer

Brice Wilson, CFA, CPA

Chief Operating Officer

Mas Nakachi

Managing Director - Digital & Special Situations

Mike Elmore

Programmer - Streaming Markets

Mohamed Ousseimi

Board Member

Philippe Bekhazi

Founder and CEO

Walton Comer

Chief Investment Officer