All funds
$185Tdisclosed portfolio round capital
1 May, 2024last investment
12portfolio companies
13team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 21 Jul 2026 across pre seed, seed, series a, series b, unknown. Later-round outcomes are capped at the period end.

58.3%companies with a later round · 7/12
0.20×median round-size step-up · n=7
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 14 syndicated
Gaming · 4 companiesFinance · 2 companiesPayments · 2 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.

Opportunities

Crypto jobs across Backed's portfolio

13 current roles at companies backed by Backed, sourced from JobStash's crypto job board.

People

Team

A

Adena Wallingford

EA to Founders

A

Alex Brunicki

Co-Founder and General Partner

A

Alexey Morgunov

Bio Venture Partner

A

Andre de Haes

Co-Founder and General Partner

C

Clare Hunter

Head of Brand, Communications and Marketing

D

David Linsey

Investment Manager

D

Dominic Barnard

Finance Director

L

Lucia Cerchlan

Head of Portfolio & product

O

Olivia Moss

Finance Manager

S

Sasha Dickinson

Marketing Associate

T

Tom Hopkins

Chief Operating Officer

V

Vinay Chaudhri

Head of Special Projects

Y

Yasmin Siraj

Investment Manager

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where Backed is recorded as an investor.

0G Labs logo

0G Labs

hybrid
Blockchain Platforms

0G Labs develops and operates 0G, an EVM-compatible Layer 1 and decentralized AI stack. Its products provide blockchain, compute, distributed storage, data availability, and private AI inference capabilities for developers, enterprises, researchers, and AI applications.

Public Sale1 Jan, 2025$34M round
Seed13 Nov, 2024$40T round
Pre-Seed26 Mar, 2024$35T roundSyndicated · 43 disclosed investors
Gaming

Axie Infinity is a digital pet universe where players can battle, breed, collect, raise, and build kingdoms for their creatures called Axies. It is a blockchain-based game centered around digital pets called Axies, using smart contracts for various in-game actions and featuring its own tokens, $AXS and $SLP, on the Ronin Ethereum Sidechain. The Axie universe is seen as a medium for attracting developers to blockchain technology and a launchpad for indie developers.

Series C1 Apr, 2022$150M round
Series B4 Oct, 2021$150T roundSyndicated · 14 disclosed investors
Series A1 May, 2021$7.5M round
Public Sale1 Nov, 2020$3M round$27M valuation
Seed7 Nov, 2019$1.5T round
BCB Group logo

BCB Group

hybrid
Payments

BCB Group provides regulated payment, trading, account, custody, and settlement infrastructure bridging global fiat and crypto markets. It serves institutional digital-asset businesses including exchanges, market makers, funds, brokers, custodians, payment processors, and wallet providers.

Series A1 Jan, 2022$60M roundSyndicated · 17 disclosed investors
Unknown2 Mar, 2021$4.5T round
Seed1 Mar, 2021$4.5M round
Gaming

BlackPool is a decentralized autonomous organization (DAO) built for NFT gaming and trading. It serves as a platform for both casual and professional gamers to generate returns, and for retail investors to gain exposure to the NFT asset class by pooling capital for in-game assets and digital creations.

Unknown1 Dec, 2021$6M roundSyndicated · 7 disclosed investors
Crypto Unicorns logo

Crypto Unicorns

out of scope
Gaming

Crypto Unicorns is a blockchain-based digital pet collecting and farming game. It features collectible Unicorn NFTs, in-game tokens, staking, rewards, leaderboards, and community governance.

Unknown1 Mar, 2022$26M roundSyndicated · 9 disclosed investors
Footium logo

Footium

out of scope
Gaming

Footium is an online multiplayer football management game where players own or manage digital football clubs, compete in daily matches, develop squads, and earn real-money rewards.

Seed1 Apr, 2022$3.5M roundSyndicated · 4 disclosed investors
Seed1 Mar, 2022$3.4M roundSyndicated · 17 disclosed investors
IndiGG logo

IndiGG

crypto

Stealth

Public Sale1 Mar, 2022$1.2M round$100M valuation
Unknown1 Jan, 2022$6M roundSyndicated · 18 disclosed investors
Iron logo

Iron

hybrid
Payments

Iron is MoonPay’s stablecoin infrastructure brand, offering API-first banking and payment products for businesses. It serves enterprises, fintechs, payment service providers, wallets, exchanges, treasuries, payroll providers, and remittance platforms.

Series A1 Aug, 2022$13M roundSyndicated · 6 disclosed investors
Seed1 Oct, 2021$4.5M roundSyndicated · 7 disclosed investors
Molecule logo

Molecule

crypto
Science

Molecule provides onchain infrastructure for scientific research. Its Labs platform helps researchers securely manage data, tokenize intellectual property, raise funding, collaborate with teams, and provide funders with transparent progress and ownership pathways.

Strategic1 Dec, 2023$1M round
Seed1 Jun, 2023$13M roundSyndicated · 5 disclosed investors

Smart Transactions (STXN) provides context-aware, decentralized, and customizable blockchain solutions. They are building the future of crypto with a Universal Matching Engine, envisioning a world where AI and crypto solvers converge to enable intelligent agents to autonomously execute, optimize, and settle transactions across decentralized networks.

Seed1 May, 2024$5.5M roundSyndicated · 9 disclosed investors
Voltz Protocol logo

Voltz Protocol

out of scope
Finance

Voltz Protocol is a protocol that is being sunset. Remaining funds can only be accessed by interacting directly with its smart contracts.

Seed1 Dec, 2021$6M roundSyndicated · 13 disclosed investors
YieldNest logo

YieldNest

crypto
Finance

YieldNest is a DeFi protocol offering risk-adjusted restaking and yield strategies through unified, liquid assets and MAX Vaults. It serves retail and institutional users with non-custodial products for earning yield across DeFi and real-world-asset credit.

Private15 Apr, 2024$5.2T round
Unknown1 Apr, 2024$5.2M roundSyndicated · 16 disclosed investors