All funds
$125Tdisclosed portfolio round capital
1 May, 2026last investment
9portfolio companies
14team members

Analyst signals

Portfolio activity and matriculation

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

22.2%companies with a later round · 2/9
0.21×median round-size step-up · n=1
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 9 syndicated
Finance · 4 companiesBlockchain Platforms · 1 companiesData & Analytics · 1 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 Bullish's portfolio

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

People

Team

A

Alasdair Foster

B

Brendan Blumer

Chairman

C

Chris Tyrer

President of Bullish Exchange

D

David Bonanno

Chief Financial Officer

D

David LaValle

President of CoinDesk Data & Indices

G

George Gaffney

Chief Operating Officer

J

James Mendes

J

Jay Yarow

President of CoinDesk Media & Events

M

Mark Woods

Head of Product

M

Michael Lau

SVP, Group Head of Business Development and Chairman of Consensus

M

Mothusi Majinda

Chief Technology Officer

N

Nicholas Armstrong

S

Sara Stratoberdha

T

Tom Farley

Chief Executive Officer

Portfolio

Investments

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

Arc logo

Arc

crypto
Blockchain Platforms

Arc is Circle's Layer-1 blockchain for stablecoin finance, enabling enterprise-grade payments, FX, and capital markets with USDC as native gas.

Private1 May, 2026$222M round$3B valuationSyndicated · 12 disclosed investors
Infrastructure

Babylon Foundation is an exempted Cayman Islands foundation company building native use cases for Bitcoin. It provides information and user guides related to Babylon Genesis, BABY addresses, and the Babylon ecosystem.

Unknown1 Jan, 2026$15M round
Unknown1 May, 2024$70M roundSyndicated · 30 disclosed investors
Unknown1 Feb, 2024
Series A1 Dec, 2023$18M round
Unknown1 Dec, 2023
Coindesk logo

Coindesk

crypto
Media

CoinDesk is a media outlet that covers the cryptocurrency industry.

M&A1 Nov, 2023Recorded solo · lead signal
ether.fi logo

ether.fi

crypto
Finance

ether.fi helps users stake ETH, BTC, and stablecoins while earning rewards and maintaining full control through liquid restaking tokens integrated across DeFi protocols.

Series A28 Feb, 2024$27T roundSyndicated · 28 disclosed investors
Seed1 Feb, 2023$5.3M round
Nonco logo

Nonco

crypto
Finance

Nonco helps financial institutions trade digital assets by providing brokerage services with institutional-grade execution and compliance.

Seed8 Dec, 2023$10T roundSyndicated · 12 disclosed investors
Runesoul logo

Runesoul

crypto
Gaming

Runesoul is an action strategy game that integrates NFTs. Its core offering is the "Runesoul Genesis Pass NFT" on the BSC chain, which grants holders game rights, governance participation, and community benefits like token airdrops.

Unknown1 Sep, 2025$4M roundSyndicated · 4 disclosed investors
Seed1 Nov, 2024$1M round$20M valuation
Finance

Superstate tokenizes securities and investment funds, connecting financial assets with crypto capital markets for 24/7 global access and DeFi use cases.

Series B22 Jan, 2026$83T roundSyndicated · 9 disclosed investors
Series A15 Nov, 2023$14T round
Finance

Superstate is a financial-services company that connects securities with crypto capital markets through tokenized funds and onchain public equities. It provides tokenization, transfer-agent infrastructure, investor onboarding, and compliance tooling for asset managers, public companies, and eligible investors.

Series B1 Apr, 2026
Series B1 Jan, 2026$83M roundSyndicated · 9 disclosed investors
Series A1 Nov, 2023$14M round
Wingbits logo

Wingbits

crypto
Data & Analytics

Wingbits enables worldwide flight tracking through specialized ADS-B hardware, rewarding contributors with tokens while providing secure aviation data to businesses.

Strategic21 Jan, 2025$5.6T roundSyndicated · 7 disclosed investors