M
Michelle Gonzalez
Corporate Vice President and Global Head, M12
All funds
crypto
crypto
crypto
crypto
Analyst signals
Portfolio activity and matriculation
Metrics use all recorded activity through 21 Jul 2026 across series a, series b, strategic. Later-round outcomes are capped at the period end.
75%companies with a later round · 3/4
1.00×median round-size step-up · n=3
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 7 syndicated
Data & Analytics · 1 companiesInfrastructure · 1 companiesPayments · 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.
People
Team
Portfolio
Investments
Full financing histories for portfolio companies. Highlighted rounds are those where M12 is recorded as an investor.
Bakkt
Payments
Bakkt is a digital asset platform providing stablecoin settlement, programmable payments, and financial infrastructure services for banks, fintechs, and payments providers.
Metrika
Data & Analytics
Metrika provides a real-time digital asset risk platform for financial institutions. It helps institutions monitor blockchain and market risks, conduct due diligence, and produce regulatory-ready risk assessments for digital-asset operations.
PALM NETWORK
Palm is a Layer 2 network with more than one million users and communities. Lightning-fast transaction speed and throughput combined with the security of Ethereum, Palm is trusted by brands and creators across the world.
Space and Time
Infrastructure
Space and Time is a decentralized data blockchain for onchain finance. It combines blockchain indexing, secure offchain data, ZK-proven SQL, and data APIs for developers, institutions, and financial applications.