All funds
UTXO Management logo

UTXO Management

$71Tdisclosed portfolio round capital
1 Mar, 2026last investment
38portfolio companies
13team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 23 Jul 2026 across pre seed, private, seed, series a, strategic, unknown. Later-round outcomes are capped at the period end.

42.1%companies with a later round · 16/38
3.00×median round-size step-up · n=13
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 39 syndicated
Finance · 12 companiesBlockchain Platforms · 5 companiesInfrastructure · 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. 1 ambiguous legacy rounds were excluded.

Opportunities

Crypto jobs across UTXO Management's portfolio

2 current roles at companies backed by UTXO Management, sourced from JobStash's crypto job board.

People

Team

C

Cassie Clifton

Advisory Board

C

Chris Hopson

Chief Financial Officer

C

Coyn Mateer

Advisor

D

Daniel Hinton

Head of Capital Markets

D

David Bailey

Chairman & CEO

D

Duke Waldrop

Head of Asia Markets

D

Dylan LeClair

Advisory Board

F

Felipe Demartini

Associate

G

Guillaume Girard

Investment Associate

H

Henry Magram

General Counsel & Chief Compliance Officer

J

John Riggins

Advisory Board

L

Loren Asmus

Head of Investor Relations

T

Tyler Evans

Chief Investment Officer

Portfolio

Investments

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

Insurance

AnchorWatch provides Bitcoin custody infrastructure and insurance solutions backed by Lloyd’s of London. It serves individuals, families, funds, businesses, miners, and other Bitcoin and digital-asset organizations.

Seed26 Sep, 2023$3T roundSyndicated · 6 disclosed investors
APRO logo

APRO

crypto
Data & Analytics

APRO is an oracle provider serving RWA, AI, prediction-market, and DeFi ecosystems. It supplies data feeds, on-demand data access, proof-of-reserve reporting, and verifiable randomness services for blockchain applications and developers.

Seed1 Oct, 2024$3M roundSyndicated · 15 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
Finance

Avalon Labs creates Bitcoin-backed financial products through its CeDeFi platform, including USDa stablecoin and Bitcoin collateralized lending services.

Unknown1 May, 2025
Series A23 Dec, 2024$10T roundSyndicated · 17 disclosed investors
Seed1 Mar, 2024
Blockchain Platforms

Bison Labs develops a Bitcoin-based ZK-rollup platform for faster native-asset trading, DeFi, smart contracts, and decentralized applications. It provides developers with tools and resources to build on Bitcoin without a Bitcoin soft fork.

Seed1 Mar, 2024Syndicated · 9 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 round
Unknown1 May, 2024
Seed1 Mar, 2024$5M roundSyndicated · 28 disclosed investors

Stealth

M&A1 Dec, 2025
Unknown1 Dec, 2024$7M roundSyndicated · 17 disclosed investors
Blockchain Platforms

Botanix Labs builds Bitcoin infrastructure by developing the Spiderchain protocol and Botanix blockchain for programmable Bitcoin applications.

Seed7 May, 2024$8.5T round
Pre-Seed1 Jun, 2023$3M roundSyndicated · 7 disclosed investors
BRC20.com logo

BRC20.com

crypto

BRC20.com is an infrastructure provider for the BRC20 ecosystem, offering an all-in-one solution with features like a mobile wallet, cross-chain bridge, marketplace, and staking. It aims to bring DeFi to Bitcoin, with its .COM token providing utility through staking for rewards and participation in new launches.

Private28 Dec, 2023$1.5T roundSyndicated · 8 disclosed investors
Unknown1 Dec, 2023$1.5M roundSyndicated · 8 disclosed investors
Capital B logo

Capital B

crypto
Finance

Capital B is a Bitcoin Treasury Company with the objective of accumulating 1% of Bitcoin’s total supply by 2033. The company focuses on maximizing Bitcoin per share through financial engineering and long-term holding. In addition to its Bitcoin accumulation strategy, Capital B provides technology consulting services, including AI-powered Data Intelligence, Web Development, and decentralized technology solutions.

Unknown1 May, 2026$18M round
Unknown1 Mar, 2026$3.5M roundSyndicated · 3 disclosed investors
Unknown1 Sep, 2025$69M round
Unknown1 Aug, 2025$13M round
Unknown1 Jul, 2025$12M round

CELL Studio is a blockchain software development company dedicated to the BTC ecosystem. They are focused on advancing the Nervos BTCKB initiative to establish CKB as the leading Bitcoin Layer2 solution, fully interoperable with BTC through a "PoW+UTXO" framework.

Series A1 Dec, 2024$50M valuationSyndicated · 3 disclosed investors
Asset Management

DigitalX is an Australian digital investment manager focused on Bitcoin and digital assets. It manages Bitcoin investment products, operates a Bitcoin treasury and ETF, and provides digital asset trading and related financial products for qualified and retail investors.

Strategic1 Jul, 2025$14M roundSyndicated · 3 disclosed investors
Finance

Ducat Protocol is a Bitcoin L1-native credit and stablecoin protocol. It enables BTC holders to borrow UNIT or USDC against non-custodial Bitcoin vaults while retaining custody of their BTC.

Public Sale1 May, 2025$1.5M round
Pre-Seed1 Aug, 2024$1.3M roundSyndicated · 9 disclosed investors
Flashnet logo

Flashnet

crypto

Flashnet is a non-custodial exchange described as the fastest on the most secure ledger, allowing users to trade Bitcoin at scale without ever giving up control of their keys. It offers millisecond execution and native settlement of any asset on Bitcoin.

Seed4 Feb, 2025$4.5T roundSyndicated · 8 disclosed investors
Hemi logo

Hemi

crypto
Blockchain Platforms

Hemi is a Layer 2 network that makes Bitcoin programmable by combining Bitcoin's Proof-of-Work security with EVM-compatible smart contract execution.

Unknown1 Aug, 2025$15M round$250M valuation
Seed1 Sep, 2024$15M roundSyndicated · 20 disclosed investors
Hermetica logo

Hermetica

crypto
Finance

Hermetica develops institutional-grade, Bitcoin-backed yield products. Its products include hBTC, self-custodial Bitcoin that earns daily Bitcoin yield, and USDh, a tokenized dollar-yield product backed by Bitcoin credit and basis strategies.

Seed16 Oct, 2024$1.7T roundSyndicated · 13 disclosed investors
Liquidium logo

Liquidium

crypto
Finance

Liquidium is a decentralized, non-custodial cross-chain lending protocol. It lets users supply native crypto assets to earn yield or borrow stablecoins against collateral such as Bitcoin, without centralized custody, wrapping, or traditional bridges.

Seed1 Jul, 2024$2.8M round
Pre-Seed9 Dec, 2023$1.3T roundSyndicated · 7 disclosed investors
Finance

Lnfi is an all-in-one financial layer for Taproot and RGB Assets, operating on the Bitcoin Lightning Network and Nostr. It facilitates multi-asset DeFi on Lightning by providing services for issuing, launching, and trading tokens.

Pre-Seed22 Nov, 2024Syndicated · 5 disclosed investors
Metagood logo

Metagood

crypto
Infrastructure

Metagood is a technology company providing AI-native tokenization infrastructure for regulated real-world assets. Its platform supports the issuance, sale, management, compliance, servicing, and auditing of tokenized securities for issuers and qualified investors.

Seed14 Dec, 2023$5T roundSyndicated · 8 disclosed investors
Pre-Seed8 Dec, 2022$5T round
Mirror L2 logo

Mirror L2

crypto

Mirror L2 provides a decentralized and secure Bitcoin staking solution for POS L1/L2s.

Unknown1 Mar, 2024Syndicated · 3 disclosed investors
Nodepay logo

Nodepay

crypto
Data & Analytics

Nodepay lets users earn rewards by sharing unused bandwidth and access real-time crypto insights through an AI-powered answer engine.

Unknown27 Dec, 2024$7T roundSyndicated · 25 disclosed investors
OP_NET logo

OP_NET

crypto
Blockchain Platforms

OP_NET is a consensus layer on Bitcoin that enables smart contracts, fungible tokens, and DeFi applications directly on Bitcoin Layer 1 without sidechains or bridges.

Unknown1 Mar, 2026$5M roundSyndicated · 8 disclosed investors
NFTs

OrdinalsBot is a Bitcoin inscription-as-a-service platform that lets collectors, artists, and businesses mint Ordinals, BRC-20 tokens, and Runes without running their own Bitcoin node. It also offers a developer API, a launchpad, and a marketplace (Trio) for inscription and Ordinals trading, serving individual collectors, enterprises, and high-profile brand launches on Bitcoin.

Seed26 Mar, 2024$3M round
Seed9 Oct, 2023$1M roundSyndicated · 11 disclosed investors
Ord.io logo

Ord.io

crypto
Data & Analytics

Ord.io is an online explorer for Bitcoin Ordinals and Runes. It enables users to search and browse through a vast collection of digital inscriptions, which are assets stored directly on the Bitcoin blockchain.

Pre-Seed17 Apr, 2024$2T roundSyndicated · 25 disclosed investors