All funds
Wintermute Ventures logo

Wintermute Ventures

$703Tdisclosed portfolio round capital
1 Jul, 2026last investment
82portfolio companies
6team members

Analyst signals

Portfolio activity and matriculation

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

48.8%companies with a later round · 40/82
2.11×median round-size step-up · n=37
1.38×median valuation step-up · n=3
0%recorded-solo rate · 0 solo / 90 syndicated
Finance · 34 companiesInfrastructure · 11 companiesPayments · 5 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 Wintermute Ventures's portfolio

128 current roles at companies backed by Wintermute Ventures, sourced from JobStash's crypto job board.

People

Team

E

Evan T

E

Evgeny Gaevoy

J

Jonas Kristensen

Head of Wintermute Ventures

J

Joscha Kuplewatzky

Investment Manager

L

Lauri Teerimäki

Y

Yoann Turpin

Portfolio

Investments

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

3Jane logo

3Jane

hybrid
Finance

USD3 is a yieldcoin backed by a pool of credit lines to crypto users and AI agents secured against future yield. Credit lines are underwritten against verifiable proofs of credit scores, onchain/CEX/bank assets, and cash flows. Staked USD3 (sUSD3) has levered exposure to the pool.

Seed4 Jun, 2025$5.2T roundSyndicated · 12 disclosed investors
Finance

Agora Finance helps businesses and financial institutions move money quickly using stablecoins and digital dollar infrastructure.

Series A1 Jul, 2025$50M round
Seed1 May, 2024$5T round
Seed2 Apr, 2024$12T roundSyndicated · 12 disclosed investors
Alliance logo

Alliance

crypto
Venture Capital

Alliance is the leading crypto accelerator and founder community that helps crypto and AI startups reach escape velocity. They offer $500k in funding with interview invites within two weeks and immediate funding upon admission.

Seed1 Jan, 2022$50M roundSyndicated · 143 disclosed investors
Analog logo

Analog

crypto
Infrastructure

Analog operates a cross-chain liquidity network designed to unify liquidity across EVM chains, Solana, and real-world assets. Its products support bridgeless asset movement, cross-chain application development, staking, liquidity routing, and on-chain data monitoring for DeFi, institutional, and developer use cases.

Private token sale22 Apr, 2025$15T round
Unknown1 Apr, 2025$15M round
Unknown27 Jan, 2025$5T round
Public token sale23 Jan, 2025$1.6T round
Public Sale1 Jan, 2025$1.6M round$119M valuation
Seed12 Feb, 2024$16T round$120M valuationSyndicated · 9 disclosed investors
Andrena logo

Andrena

crypto
Infrastructure

Andrena provides high-speed, low-latency internet service to the Mid-Atlantic region of the USA.

Series B1 Dec, 2025$13M round
Unknown1 Dec, 2024$2.5M round
Series A1 Aug, 2024$18M roundSyndicated · 22 disclosed investors
Series A1 Feb, 2023$15M round
Angle logo

Angle

crypto
Finance

Angle creates over-collateralized stablecoins EURA and USDA that generate native yield for holders through decentralized backing mechanisms.

Grants1 Oct, 2023$541K round
Seed1 Sep, 2021$5M roundSyndicated · 6 disclosed investors
Archway logo

Archway

crypto
Blockchain Platforms

Archway is a Cosmos-native incentivized Layer 1 blockchain for building decentralized applications. It rewards developers through gas-fee rebates, inflationary rewards, and configurable smart-contract usage fees.

Public Sale1 Jun, 2023$6M round$200M valuation
Strategic1 Mar, 2022$21M round$145M valuationSyndicated · 12 disclosed investors
Arcus logo

Arcus

hybrid
Finance

Arcus is a decentralized exchange built in partnership with Robinhood on Robinhood Chain, founded by the team behind dYdX. It offers self-custodied trading of stock tokens (spot, zero fees, 24/7) and cross-margined perpetual futures across equities, crypto, commodities, and indices with up to 50x leverage, serving retail and institutional traders in eligible jurisdictions.

Series C1 Jun, 2021$65M roundSyndicated · 16 disclosed investors
Series B1 Jan, 2021$10M roundSyndicated · 8 disclosed investors
Series A1 Oct, 2018$10M round
Seed1 Dec, 2017$2M round
Astaria logo

Astaria

crypto

Astaria is an oracle-less, intent-based, fixed-rate lending protocol supporting unlimited loan durations for any asset.

Seed22 Jun, 2022$8T roundSyndicated · 9 disclosed investors
Backpack logo

Backpack

crypto
Uncategorized

Backpack offers users a multi-chain wallet and regulated exchange for trading and managing digital assets across multiple blockchain networks.

Series A28 Feb, 2024$17T round$120M valuationSyndicated · 6 disclosed investors
Strategic1 Sep, 2022$20M round
Based One logo

Based One

crypto

Stealth

Series A1 Feb, 2026$12M roundSyndicated · 4 disclosed investors
Unknown1 Sep, 2025
BCB Group logo

BCB Group

hybrid
Payments

BCB Group provides regulated payment, trading, account, custody, and settlement infrastructure bridging global fiat and crypto markets. It serves institutional digital-asset businesses including exchanges, market makers, funds, brokers, custodians, payment processors, and wallet providers.

Series A1 Jan, 2022$60M roundSyndicated · 17 disclosed investors
Unknown2 Mar, 2021$4.5T round
Seed1 Mar, 2021$4.5M round
Bitpanda logo

Bitpanda

crypto
Finance

Bitpanda helps users invest in stocks, cryptocurrencies, metals, and ETFs through a regulated European platform with fractional investing from €1.

Series C17 Aug, 2021$263T round
Series B7 May, 2021$12T roundSyndicated · 4 disclosed investors
Series B16 Mar, 2021$170T round
Series A29 Sep, 2020$52T round
ICO7 Aug, 2019$49T round
Seed1 Dec, 2018$8M round
Blum logo

Blum

crypto
Finance

Blum is a crypto trading application, available as a Telegram Mini App, that aims to simplify crypto access and centralize trading. It offers multichain trading across networks like TON, Solana, and BNB Chain, providing access to all coins and tokens in one place. Key features include a trading terminal, a 'Memepad' for launching memecoins, AI-powered trading, and a seamless cross-chain experience. The company operates as a fully remote, global team focused on building Web3 solutions for emerging markets.

Pre-Seed & Seed12 Feb, 2025$5T roundSyndicated · 8 disclosed investors
Seed1 Feb, 2025$5M roundSyndicated · 8 disclosed investors
Unknown1 Nov, 2024
Unknown1 Sep, 2024
BULK logo

BULK

crypto
Finance

BULK is a crypto trading platform positioning itself as a hyper-performant exchange, combining the decentralization of a DEX with the performance of a CEX. It serves crypto traders looking for a single exchange offering access to a wide range of markets.

Seed1 Sep, 2025$8M roundSyndicated · 7 disclosed investors
Finance

Centrifuge tokenizes real-world assets for onchain financing, connecting credit markets with decentralized finance through transparent infrastructure.

Unknown1 May, 2026
Unknown1 Aug, 2025
Series A17 Apr, 2024$15T roundSyndicated · 20 disclosed investors
Strategic2 Nov, 2022$4T round
Strategic1 Apr, 2022$3M round
Public Sale1 May, 2021$19M round$289M valuation
Unknown23 Feb, 2021$4.3T round
Unknown1 Oct, 2019$3.7M round
Unknown1 Mar, 2018$3.8M round
Developer Tooling

Chaos Labs builds enterprise AI infrastructure that helps organizations understand AI work, capture organizational knowledge, and govern AI-generated intelligence. It also operates Chaos AI, a DeFi agent offering structured, executable financial actions.

Unknown1 Sep, 2024
Series A15 Aug, 2024$55T roundSyndicated · 10 disclosed investors
Seed21 Feb, 2023$20T roundSyndicated · 30 disclosed investors
Clearpool logo

Clearpool

crypto
Finance

Clearpool is an on-chain credit and tokenized-yield protocol. It connects lenders with vetted institutional borrowers and offers treasury, private-credit, and structured-yield products.

Grants1 Feb, 2024$150K round
Public Sale1 Oct, 2021$170K round$40M valuation
Seed28 Sep, 2021$3T roundSyndicated · 17 disclosed investors
Codex logo

Codex

crypto
Payments

Codex is a stablecoin-powered wholesale FX platform that gives businesses institutional-grade fiat-to-stablecoin conversion and stablecoin swaps at OTC rates.

Seed4 Apr, 2025$16T roundSyndicated · 6 disclosed investors
Finance

Crossover Markets is an institutional digital-asset trading technology firm. It operates CROSSx, an execution-only cryptocurrency ECN that provides low-latency trade execution and customizable liquidity pools for institutional market participants.

Series B4 Mar, 2026$31T round$200M valuationSyndicated · 9 disclosed investors
Series A26 Jun, 2024$12T roundSyndicated · 11 disclosed investors
Seed21 Mar, 2023$6.4T roundSyndicated · 12 disclosed investors
DexGuru logo

DexGuru

crypto
Finance

DexGuru is a self-custodial trading terminal that lets users trade tokens and analyze on-chain market data across multiple blockchains.

Strategic1 Feb, 2022$5M roundSyndicated · 6 disclosed investors
Seed1 Apr, 2021$1M round
DFlow logo

DFlow

crypto
Finance

DFlow helps users execute trades on Solana by routing orders across multiple venues through a unified API.

M&A1 May, 2026$100M round
Unknown25 Apr, 2023$5.5M roundSyndicated · 8 disclosed investors
Seed30 Mar, 2022$2T round
Dfns logo

Dfns

crypto
Infrastructure

Dfns is a wallet-as-a-service platform that provides institutional-grade digital asset wallet infrastructure for fintechs, banks, and enterprises via API.

Series A14 Jan, 2025$16T roundSyndicated · 10 disclosed investors
Seed1 Apr, 2022$14M round
Pre-Seed1 Dec, 2020$1.1T round

DoubleZero is a global fiber network for high performance distributed systems and blockchains, bringing high-performance networking and hardware acceleration to crypto. It's not a new L1 or L2, it's the world's first N1. Base layer network infrastructure for distributed systems.

Unknown6 Mar, 2025$28T round$400M valuationSyndicated · 21 disclosed investors