All funds
Cypher Capital logo

Cypher Capital

$264Tdisclosed portfolio round capital
1 Jan, 2026last investment
65portfolio companies
11team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 24 Jul 2026 across corporate, pre seed, private, seed, series a, series b, strategic, token sale, unknown. Later-round outcomes are capped at the period end.

44.6%companies with a later round · 29/65
1.50×median round-size step-up · n=23
Not availablemedian valuation step-up · n=0
4.3%recorded-solo rate · 3 solo / 67 syndicated
Finance · 13 companiesBlockchain Platforms · 8 companiesGaming · 7 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 Cypher Capital's portfolio

29 current roles at companies backed by Cypher Capital, sourced from JobStash's crypto job board.

People

Team

A

Arash Saidi

General Partner

B

Bijan Alizadeh

Founder

F

Farbod Nassiri

Chief Financial Officer

H

Harsh Agarwal

Investment Director

K

Karan Gandhi, CFA

Partner

K

Kim Wong

Chief Investment Officer

L

Linda Lin

Director of Capital Formation

M

Madina Abdibayeva

Business Development Director

M

Max Fedin

Chief Technology Officer

P

Pawel Mowlik

Partner, Clients & Investor Relations

S

Sumeet Surana

Partner

Portfolio

Investments

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

Uncategorized

Aark Digital is a perpetual decentralized exchange (DEX) on Arbitrum.

Seed1 Apr, 2024$6M roundSyndicated · 7 disclosed investors
Seed12 Jul, 2023
Pre-Seed1 Jul, 2023
Infrastructure

Akash Network operates an open, decentralized cloud-compute marketplace focused on GPU capacity for AI workloads and containerized applications. It connects tenants deploying workloads with independent infrastructure providers that offer GPU and CPU hardware.

Unknown30 Mar, 2020$2T roundSyndicated · 6 disclosed investors
Blockchain Platforms

Arch Network is a Bitcoin-native computation and settlement network for capital markets. It enables institutions, users, and developers to build and use credit, yield, trading, and other financial applications while keeping settlement anchored to Bitcoin.

Series A22 Apr, 2025$13T round$200M valuation
Seed9 May, 2024$7T roundSyndicated · 17 disclosed investors
Developer Tooling

Artifact Lab Inc. develops privacy-first AI and gameplay intelligence technology for game publishers and AI research organizations. Its SDK captures gameplay signals and transforms them into structured reasoning data for personalization, live operations, player engagement, and AI model training.

Pre-Seed1 Nov, 2023$2M roundSyndicated · 5 disclosed investors
Infrastructure

B² Network lets users build and use Bitcoin-backed apps with an EVM-compatible Layer 2 and AI-focused infrastructure.

Public Sale1 Apr, 2025$300K round$15M valuation
Unknown1 Oct, 2024Syndicated · 10 disclosed investors
Seed1 Jan, 2024
beoble logo

beoble

crypto
Social

beoble provides a wallet-to-wallet messaging application for Web3 users. Its chat product includes social features such as inviting friends, messaging tasks, chatrooms, and reward points.

Strategic1 Jul, 2024$3M round
Unknown1 May, 2024
Unknown1 Mar, 2024
Seed1 Feb, 2024$5M roundSyndicated · 11 disclosed investors
Strategic1 Jan, 2024
Pre-Seed1 Nov, 2023$2M round
Berachain logo

Berachain

crypto
Blockchain Platforms

Berachain is a blockchain platform for deploying Ethereum-compatible applications using a new consensus model based on liquidity.

Series B12 Apr, 2024$100T round
Series B1 Mar, 2024$100M round$1.5B valuationSyndicated · 25 disclosed investors
Series A20 Apr, 2023$42T round$420M valuation

A blockchain analytics company focusing on securing the NFT ecosystem.

Series A1 Jan, 2024$2.4M roundSyndicated · 8 disclosed investors
Public Sale1 Dec, 2023$3.3M round$55M valuation
Strategic1 Jan, 2023
Unknown1 Feb, 2022$3.6M round$36M valuation
Seed1 Sep, 2021$750K round$7.5M valuation

Stealth

Unknown1 Oct, 2024$10M roundSyndicated · 17 disclosed investors
Public Sale1 May, 2024$1K round$100K valuation
Strategic1 Mar, 2024
Unknown1 Feb, 2024

Stealth

M&A1 Dec, 2025
Unknown1 Dec, 2024$7M roundSyndicated · 17 disclosed investors
Blockfolio logo

Blockfolio

out of scope
Finance

FTX Customer Claims Portal lets customers access FTX account and historical information and manage proof-of-claim and distribution-related steps in FTX Chapter 11 proceedings.

Series A5 Aug, 2019$2.6T round
Series A10 Oct, 2018$12T round
Series A1 Mar, 2018
Seed15 Dec, 2017$3.2T roundSyndicated · 14 disclosed investors
Angel1 May, 2017$150K round
BlockGames logo

BlockGames

out of scope

BlockGames is an ad network that connects user acquisition channels to mobile games.

Unknown1 Mar, 2024$6M roundSyndicated · 16 disclosed investors

Bracket Labs provides a platform for managing liquid staked tokens in DeFi.

Unknown1 Oct, 2024
Pre-Seed5 Jan, 2024$2T roundSyndicated · 15 disclosed investors
Seed20 Jun, 2023
Unknown1 Jun, 2023

Stealth

Seed1 Apr, 2022$3.8M roundSyndicated · 8 disclosed investors
Brotocol logo

Brotocol

out of scope
Finance

Brotocol supports peg-outs for Stacks-based aBTC and aUSD assets through requests handled by its team.

Unknown1 Mar, 2024Syndicated · 13 disclosed investors
Carbonated Inc. logo

Carbonated Inc.

out of scope
Gaming

Carbonated Inc. is a mobile game development company founded in 2015 by industry veterans. It creates hardcore player-versus-environment-versus-player games for phones, including MadWorld, and develops proprietary live-operations technology.

Series A1 Mar, 2024$11M roundSyndicated · 7 disclosed investors
Seed1 Jul, 2020$8.5M round
CARV logo

CARV

hybrid
Blockchain Platforms

CARV develops a blockchain-based stack for sovereign AI beings. Its products include an SVM chain, a trustless data framework, identity infrastructure, a gaming platform, and an ecosystem innovation arm for developers and projects.

Node Sale2 Jul, 2024$35T round
Public Sale1 Jul, 2024$35M round
Unknown1 Jun, 2024
Unknown1 May, 2024
Series A1 Apr, 2024$10M roundSyndicated · 26 disclosed investors
Strategic6 Dec, 2023$60M valuation
Unknown1 Nov, 2022$4M round
Concordia logo

Concordia

hybrid
Developer Tooling

Concordia is a technology platform offering an adaptive risk layer for DeFi. It provides pricing, risk, collateral-management, blockchain-orchestration, and interest-rate tools for developers and DeFi protocols.

Seed16 Jun, 2023$4T roundSyndicated · 4 disclosed investors
DSpace logo

DSpace

out of scope
Gaming

GA6789 is an online platform for live cockfighting broadcasts, match updates, odds, results, and related betting services.

Unknown1 Apr, 2023$1M roundRecorded solo · lead signal
Envelop logo

Envelop

crypto

Envelop is a cross-chain multi-tool protocol for creating programmable NFTs (NFT 2.0). It allows users to add collateral, royalties, and time-locks to their NFTs, effectively turning them into containers for other digital assets or financial instruments. The protocol operates on numerous blockchains and serves various use cases, including derivatives, tokenized vesting, launchpads, and liquid farming, supported by an Oracle for valuation and an Index for market tracking.

Unknown1 Jul, 2021$1M roundSyndicated · 7 disclosed investors
Finance

Falcon Finance operates universal collateralization infrastructure for digital and tokenized assets. Users can deposit eligible assets to mint the overcollateralized synthetic dollar USDf, then stake it for yield through sUSDf and related products.

Unknown9 Oct, 2025$10T roundSyndicated · 2 disclosed investors
Public token sale23 Sep, 2025$4T round
Public Sale1 Sep, 2025$4M round
Unknown30 Jul, 2025$10T round
FanTV logo

FanTV

hybrid
Media

FanTV is an AI-powered end-to-end platform for content creators and viewers. It provides creator tools, video consumption and earning features, and Web3 perks.

Series A27 Feb, 2025$5.5T round
Strategic27 Feb, 2025$3T roundSyndicated · 5 disclosed investors
Unknown1 Jan, 2025$5.5M round
Media

Few and Far is a news and analytics platform that serves as a one-stop destination for information on digital collectibles. It provides reviews, news, trends, and forecasts on topics like NFTs, tokens, memecoins, and altcoins.

Unknown2 Mar, 2023$11T round$60M valuationSyndicated · 11 disclosed investors

FlashProtocol is a Bitcoin native NFT issuance platform powered by Taproot.

Private1 Mar, 2024Syndicated · 9 disclosed investors