All funds
Mechanism Capital logo

Mechanism Capital

$627Mdisclosed portfolio round capital
1 Oct, 2025last investment
71portfolio companies
1team 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.

42.3%companies with a later round · 30/71
1.15×median round-size step-up · n=28
1.33×median valuation step-up · n=1
0%recorded-solo rate · 0 solo / 81 syndicated
Finance · 17 companiesGaming · 10 companiesBlockchain Platforms · 4 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. 59 ambiguous legacy rounds were excluded.

Opportunities

Crypto jobs across Mechanism Capital's portfolio

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

People

Team

B

Brian Fakhoury

Portfolio

Investments

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

Infrastructure

Allora Labs builds AI and crypto infrastructure focused on decentralized, self-improving collective intelligence for developers and financial applications.

Series A1 Mar, 2022$22M roundSyndicated · 7 disclosed investors
Series A1 May, 2021$7.5M round
Seed1 Feb, 2020$1M round
Data & Analytics

Allora Network is a self-improving, decentralized AI network that aggregates community-built machine learning models into an 'abstraction layer for intelligence,' producing highly accurate, context-aware predictions such as price forecasts and risk assessments. It serves DeFi protocols, DEXs, NFT marketplaces, AI agent frameworks, and Web3 applications that plug into its inferences via APIs and oracles, with clients spanning blockchains (Arbitrum, Solana, Base, Aptos, Sei, Katana), DeFi platforms (PancakeSwap, Coinbase AgentKit, Steer, Drift, Cod3x) and AI-agent ecosystems.

Strategic1 Jun, 2024$3M round
Series A1 Mar, 2022$22M roundSyndicated · 7 disclosed investors
Series A1 May, 2021$7.5M roundSyndicated · 10 disclosed investors
Anboto logo

Anboto

crypto

Anboto offers institutional-grade algorithmic tools for trading digital assets across both Centralized Finance (CeFi) and Decentralized Finance (DeFi). Its unified platform provides access to over 20 centralized and decentralized venues, focusing on unified liquidity, best-in-class infrastructure, and ultra-low latency for superior order execution.

Unknown1 Oct, 2023$3M round$35M valuationSyndicated · 5 disclosed investors
Ancient8 logo

Ancient8

crypto
Gaming

Ancient8 is a gaming-focused Ethereum Layer 2 blockchain built to power Web3 gaming experiences. It provides the infrastructure and modular blockchain platform for games including fully on-chain games, games on X, games on Telegram, IP-infused games, and AI-powered games, serving game developers and players in the Web3 gaming ecosystem.

Grant2 Dec, 2024$1.2T round
Grants1 Dec, 2024$1.2M round
Unknown1 Jun, 2022$6M round
Seed1 Jan, 2022$4M roundSyndicated · 10 disclosed investors
Finance

Anzen Finance provides RWA-backed stablecoin infrastructure enabling users to mint USDz tokens collateralized by US Treasuries and earn yield through DeFi integration.

Public token sale3 Dec, 2024$3T round
Public Sale1 Dec, 2024$3M round
Seed1 May, 2024$4M roundSyndicated · 9 disclosed investors
Ardana logo

Ardana

out of scope
Finance

Ardana is a decentralized stablecoin hub on Cardano. It is building a collateral-backed stablecoin and Danaswap, a stable-asset automated market maker exchange.

Public Sale1 Nov, 2021$2.1M round$75M valuation
Strategic1 Oct, 2021$10M roundSyndicated · 11 disclosed investors
Strategic1 Aug, 2021
NFTs

Atomic Form operates Atomic Lore, an onchain registry and NFT provenance platform for preserving artwork histories. It also provides curation and exhibition roll-up services for artists, galleries, institutions, and brands.

Seed1 Jan, 2022$4.5M roundSyndicated · 17 disclosed investors
Aurigami logo

Aurigami

crypto
Finance

Aurigami is a decentralized, non-custodial liquidity protocol that allows users to lend, borrow, and earn interest with their digital assets on the Aurora blockchain.

Public Sale1 May, 2022$1.6M round$50M valuation
Unknown1 Feb, 2022$9.5M roundSyndicated · 20 disclosed investors
AVALON logo

AVALON

ai robotics
Gaming

AVALON is an AI- and player-powered shared-universe game where players can explore official and player-created worlds, build experiences, and retain their character progress and creations across the universe. It targets players, creators, modders, streamers, and world-builders.

Unknown28 Feb, 2023$13T roundSyndicated · 9 disclosed investors
BENQI logo

BENQI

crypto
Finance

BENQI is a suite of DeFi protocols on Avalanche offering liquid staking, lending and borrowing, validator deployment, and node voting. It serves AVAX holders, digital-asset lenders and borrowers, and Avalanche validator operators.

Unknown14 Apr, 2021$6T roundSyndicated · 5 disclosed investors
Strategic1 Apr, 2021$6M roundSyndicated · 12 disclosed investors
Biconomy logo

Biconomy

crypto
Infrastructure

Biconomy provides chain abstraction infrastructure that lets users interact with multiple blockchains through a single interface without managing gas fees.

Strategic1 Mar, 2024
Public Sale1 Dec, 2021$16M round$300M valuation
Unknown1 Jul, 2021$9M roundSyndicated · 18 disclosed investors
Seed1 Jan, 2021$1.5M round
Science

The Bio protocol is a financial layer for Decentralized Science (DeSci), engineered to commercialize scientific research more quickly. It enables anyone to fund, develop, and govern tokenized scientific innovations from various sources. The platform is built on a growing ecosystem of DeSci projects and is supported by key figures in both the crypto and biotech industries.

Seed17 Sep, 2025$6.9T roundSyndicated · 19 disclosed investors
Public Sale1 Dec, 2024$64M round$219M valuation
Unknown8 Nov, 2024

Blast Royale is a next-generation Battle Royale game developed by First Light Games.

Public Sale1 Nov, 2024$699K round$10 valuation
Seed1 Apr, 2022$5M round$33M valuationSyndicated · 17 disclosed investors
Community & Events

BlockchainSpace is a Web3 ecosystem that provides tools and platforms to empower online communities, particularly gaming guilds and fandoms. They aim to bridge Web2 and Web3 by offering solutions for community engagement, management, and monetization.

Public Sale1 Dec, 2021$14M round$517M valuation
Seed18 Nov, 2021$3.8T roundSyndicated · 9 disclosed investors
Unknown1 Nov, 2021$3.8M roundSyndicated · 16 disclosed investors
BOB logo

BOB

crypto
Blockchain Platforms

BOB is a hybrid Layer 2 that combines Bitcoin security with Ethereum EVM compatibility, enabling users to access DeFi applications and earn yield on Bitcoin.

Public Sale1 Nov, 2025$4.2M round
Strategic1 Aug, 2025$9.5M round
Strategic1 Jul, 2024$1.6M roundSyndicated · 12 disclosed investors
Boxed logo

Boxed

out of scope
Gaming

Boxed.GG is an online mystery-box platform where users buy and open digital "boxes" to win physical trading cards, primarily Pokémon and other TCG cards. It offers features like PvP box battles, a vending machine for pulling loot, a marketplace, leaderboards, missions, and rewards, serving collectors and TCG enthusiasts.

Pre-Seed1 May, 2023$1.5M roundSyndicated · 4 disclosed investors
Gaming

Branch Technologies, Inc. is the company behind the 'Castaways' game, an online service available on websites and mobile apps. The company contributes to art, games, and entertainment, offering subscriptions and one-time payments for features, including a virtual currency called 'Dabloons' for acquiring and trading digital items. They collect user data to manage accounts, process purchases, and provide customer support.

Seed1 May, 2022$13M roundSyndicated · 12 disclosed investors
Breakout logo

Breakout

crypto
Finance

Breakout is a crypto prop trading platform where traders pass a performance-based evaluation to access funded trading accounts and keep up to 90% of profits.

M&A1 Sep, 2025
Seed1 Jul, 2024$4.5M roundSyndicated · 5 disclosed investors

Ember Sword is a social sandbox MMORPG offering a player-driven universe with true ownership of digital gaming assets.

Seed1 May, 2021$2M roundSyndicated · 7 disclosed investors
Burnt logo

Burnt

fintech
Security

Burnt provides cryptographic, first-party verification of user attributes from authenticated HTTPS accounts. It serves verification workflows such as lending, insurance claims, property income checks, and customer-acquisition offers without collecting raw sensitive data.

Series A1 Apr, 2024$25M roundSyndicated · 19 disclosed investors
Strategic 5 Oct, 2023
Series A1 Jan, 2022$8M roundSyndicated · 18 disclosed investors
C3 logo

C3

out of scope
Finance

Self-custodial exchange

Seed10 Feb, 2023$6T round
Unknown1 Nov, 2021$3.6M roundSyndicated · 9 disclosed investors
Canopy logo

Canopy

crypto
Finance

Canopy is an all-in-one yield aggregation platform for the Movement DeFi ecosystem, a Layer 2 on Ethereum. It provides a user-friendly interface for users to manage their digital asset portfolios, deploy assets into top DeFi protocols, and stack compounding rewards. The platform aims to simplify liquidity management and enhance standard DeFi yields by adding Canopy incentives and partner protocol rewards.

Seed1 Jun, 2026$8.5M round
M&A1 May, 2026
Strategic29 Jan, 2025$1.2T roundSyndicated · 5 disclosed investors
Unknown1 Jan, 2025$1.2M roundSyndicated · 5 disclosed investors
Cantina Royale logo

Cantina Royale

out of scope
Gaming

Cantina Royale was a blockchain game. Its website states that the game is no longer active and directs users to a self-service portal to reclaim NFTs and game assets.

M&A1 Mar, 2025
Public Sale1 Jul, 2022$1.5M round$40M valuation
Seed1 May, 2022$4.5M round$30M valuationSyndicated · 13 disclosed investors
Chamber logo

Chamber

crypto
Asset Management

Chamber provides secure onchain vaults for managing crypto, equities, and commodities. Its platform enables managers to trade and attract depositors, while users can invest through vault strategies, including AI-supported vaults.

Unknown1 Oct, 2021$2M round
Unknown1 Nov, 2020$1.8M roundSyndicated · 7 disclosed investors