All funds
$58Tdisclosed portfolio round capital
20 Oct, 2025last investment
15portfolio companies
11team members

Analyst signals

Portfolio activity and matriculation

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

26.7%companies with a later round · 4/15
16.91×median round-size step-up · n=4
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 15 syndicated
Finance · 4 companiesInfrastructure · 2 companiesHealthcare · 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 Caladan's portfolio

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

People

Team

E

Eva Weng

Head of Investments

J

John Gu

Co-Founder and CEO

J

Julia Zhou

President and Co-Founder

K

Keith Tan

Head of DeFi

M

Max Marley-Muray

Head of HR and Recruiting

M

Michal Krasnodebski

Co-Founder

N

Nigel Young

Chief Technology Officer

R

Remi Colinmaire

Head of Options Trading

S

Soh Hwa Jie

Head of Treasury and Operations

S

Stephany Zoo

Head of Ecosystem

W

Will Leung

Head of Business Development

Portfolio

Investments

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

Agent logo

Agent

crypto

Agent is a platform that allows Web3 users to manage and trade Sub-Accounts for DeFi opportunities.

Pre-Seed1 Jul, 2024$1M roundSyndicated · 8 disclosed investors
Bitlayer logo

Bitlayer

crypto
Infrastructure

BitLayer provides blockchain infrastructure solutions aimed at enhancing the development and deployment of decentralized networks and applications.

Public token sale14 Aug, 2025$5T round
Public Sale1 Aug, 2025$5M round
Unknown1 May, 2025
Series A+8 Oct, 2024$9T round
Series A1 Oct, 2024$9M round$300M valuation
Series A23 Jul, 2024$11T roundSyndicated · 29 disclosed investors
Unknown1 May, 2024
Seed1 Mar, 2024$5M round
Cap logo

Cap

crypto
Finance

Cap is a three-sided platform for USD yield, private credit, and financial guarantees. Depositors earn USD yield by depositing approved assets and receive cUSD in return, while underwriters and borrowers participate in covered credit loans and financial guarantees. Cap serves depositors seeking USD yield, underwriters providing capital and premiums, and borrowers seeking covered credit, along with institutional partners in restaking and DeFi.

Public Sale1 Jun, 2026$3.8M round
Seed1 Apr, 2025$8M roundSyndicated · 20 disclosed investors
Pre-Seed1 Oct, 2024$1.9M round
Fountain logo

Fountain

crypto

Fountain aims to create a sustainable content ecosystem based on user contributions.

Seed10 Sep, 2024$3.5T roundSyndicated · 10 disclosed investors
Private3 Oct, 2023

Secure, Manage, Automate Web3 Operations Instantly. Fountain is your Web3 operating system, streamlining treasury, risk, and trading workflows with a smart contract multi-sig platform and a powerful no-code automation builder.

Seed1 Sep, 2024$3.5M roundSyndicated · 16 disclosed investors
Finance

Hyperdrive is Hyperliquid’s stablecoin money market and yield hub. It lets users supply and borrow stablecoins, liquid stake HYPE, use HLP as collateral or leverage, and access one-click yield strategies.

Series A23 May, 2025$6T roundSyndicated · 11 disclosed investors
M0 logo

M0

crypto
Infrastructure

M0 is infrastructure for building programmable, interoperable stablecoins with shared liquidity and customizable features.

Series B28 Aug, 2025$40T round
Series A1 Jun, 2024$35M roundSyndicated · 6 disclosed investors
Seed1 Mar, 2023$23M round

Nuffle Labs builds next-generation modular infrastructure for blockchain layers.

Unknown13 Jun, 2024$13T roundSyndicated · 20 disclosed investors
Blockchain Platforms

Open Campus is a decentralized education platform building a blockchain-powered financial layer for education. It provides EDU Chain, on-chain learner identities and credentials, education-focused startup programs, and tokenized educational content.

Strategic20 Oct, 2025$5T roundSyndicated · 8 disclosed investors
Seed27 Nov, 2023$3.2T round
Unknown1 Nov, 2023$3.2M round
Public Sale1 Apr, 2023$2.5M round$50M valuation
Optimum logo

Optimum

crypto

Optimum is the world's first high-performance memory infrastructure for any blockchain. Powered by Random Linear Network Coding (RLNC), Optimum scales L1/L2 speed, robustness and throughput by orders of magnitude, enhancing dapp performance and end-user experience.

Seed15 Apr, 2025$11T roundSyndicated · 32 disclosed investors
Angel1 Feb, 2025
Finance

Prodigy.fi offers Dual Investment vaults that allow users to earn attractive real yields. The platform provides earning opportunities, strategic trading, and risk management for everyone, from first-time investors to professional traders, by enabling them to buy assets low or sell them high.

Seed1 Feb, 2025$5M roundSyndicated · 23 disclosed investors

SendingNetwork is a decentralized communication layer for Web3, providing developers with a full-stack SDK to integrate secure, private, and peer-to-peer communication features like wallet-to-wallet messaging into their dApps. It aims to create a low-cost, efficient, and censorship-resistant internet infrastructure. Its flagship application, SendingMe, is a decentralized instant messaging app built on the network.

Seed1 Apr, 2024$7.5M round$70M valuationSyndicated · 51 disclosed investors
Seed1 Feb, 2023$13M round

Terminal 3 builds solutions that maximize the value of a decentralized internet for users and enterprises.

Seed29 Apr, 2025$8T roundSyndicated · 32 disclosed investors
Pre-Seed2 Aug, 2023
Healthcare

Universal Health Token (UHT) is an AI-driven Proof-of-Health protocol that redefines healthcare by making preventive care intelligent, personalized, and rewarding. It combines real-time data analysis with on-chain innovation to create accessible, data-driven health experiences.

Unknown1 Apr, 2025$100M valuationSyndicated · 35 disclosed investors
Pre-Seed12 Sep, 2024$1.2T round
Finance

Variational Protocol is a peer-to-peer trading protocol for perpetuals and derivatives, enabling on-chain booking, clearing, and settlement on Arbitrum.

Series A1 May, 2026$50M round
Unknown4 Jun, 2025$1.5T round
Strategic1 Jun, 2025$1.5M roundSyndicated · 3 disclosed investors
Seed23 Oct, 2024$10T round