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Raises
Bain Capital Crypto
Total Investments52
Infrastructure9
DeFi9
Zero Knowledge Industry3
CeFi2
Trading2
Gaming2
L12
Insurance1
AI1
Centralized Exchange1
Social Platform1
Stablecoin1
Web31
Storage1
Digital Identity1
RWA1
Mining1
DEX1
DAO infrastructure1
| Name | Round | Category | Description | Lead Investor | Chains | Other Investors | |||
|---|---|---|---|---|---|---|---|---|---|
| Variational | 20 May 2026 | $50m | Series A | Trading | Variational is a protocol that provides infrastructure for peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. The Variational Protocol enables safe and efficient bilateral trading of options, futures, perpetuals, exotics, and more. Multiple apps have been built on the Variational Protocol, including Omni for perpetuals trading and Pro for institutions to trade customizable OTC derivatives | Dragonfly Capital | Coinbase Ventures, Bain Capital Crypto | ||
| Turnkey | 14 May 2026 | $12.5m | Strategic | Infrastructure | Turnkey is a wallet infrastructure platform that provides APIs for secure private key management. It enables developers to create wallets and sign transactions across chains with programmable permissions and policy controls | Circle Ventures, Archetype, Bain Capital Crypto, Lightspeed Faction, Galaxy Digital, Sequoia Capital, Variant Fund | |||
| Bluesky | 19 Mar 2026 | $100m | Series B | Social Platform | Bluesky is a decentralized social media platform built on the AT Protocol, enabling a federated social network where users control their data, identity, and moderation experience. | Bain Capital Crypto | Alumni Ventures, True Ventures, Anthos Capital, Knight Foundation, Bloomberg Beta | ||
| Kled AI | 10 Mar 2026 | $3.3m | Funding Round | AI | The first data marketplace. Sourcing the largest licensable multimodal datasets on the planet | a16z crypto | Bain Capital Crypto, Everbloom Ventures, Magic Lab Ventures | ||
| Superstate | 22 Jan 2026 | $82.5m | Series B | RWA | Superstate is an asset management firm that uses blockchain technology to issue tokenized investment products. It focuses on improving efficiency and transparency in asset management and has filed an Ethereum-based open mutual fund tied to short-term U.S. government bonds with the SEC | Bain Capital Crypto, Distributed Global | Haun Ventures, Brevan Howard Digital, Galaxy Digital, Sentinel Global, Hypershere, Bullish, Flowdesk | ||
| Meanwhile | 07 Oct 2025 | $82m | Insurance | Meanwhile is a life insurance company offering policies in Bitcoin (BTC), letting holders grow and pass on their BTC tax-efficiently. It combines guaranteed growth, liquidity, and a focus on generational wealth using digital assets | Haun Ventures, Bain Capital Crypto | Pantera Capital, StillMark, Apollo Global Management, Framework Ventures, Fulgur Ventures | |||
| Turnkey | 09 Jun 2025 | $30m | Series B | Infrastructure | Turnkey is a crypto infrastructure startup focused on providing secure, flexible, and scalable wallet infrastructure for cryptocurrency applications | Bain Capital Crypto | Sequoia Capital, Lightspeed Faction, Galaxy, Variant Fund, Wintermute Ventures | ||
| World | 21 May 2025 | $135m | Private token sale | L1 | World is a decentralized identity and financial network designed to verify human uniqueness in the age of AI | a16z crypto, Bain Capital Crypto, Selini Capital, Mirana Ventures, Arctic Digital | |||
| Across Protocol | 04 Mar 2025 | $41m | DeFi | Across protocol is a novel bridging method that combines an optimistic oracle, bonded relayers and single-sided liquidity pools to provide decentralized instant transactions from rollup chains to Ethereum mainnet | Paradigm | Bain Capital Crypto, Coinbase Ventures, Multicoin Capital | |||
| Irreducible | 30 Jan 2025 | $24m | Series A | Zero Knowledge Industry | Irreducible accelerates zero-knowledge proof generation by operating FPGA clusters tailored for cryptographic computations, supporting blockchain protocols | Paradigm, Bain Capital Crypto | Fenbushi Capital, L2 Iterative Ventures, Robot Ventures | ||
| Variational | 23 Oct 2024 | $10.3m | Seed | DeFi | Variational is a peer-to-peer trading protocol designed for perpetual and generalized derivatives | Bain Capital Crypto, Peak XV Partners | Coinbase Ventures, Hack VC, Dragonfly Capital, North Island Ventures | ||
| Celestia | 23 Sep 2024 | $100m | OTC | Infrastructure | A modular consensus and data network that powers unstoppable applications with full stack customizability | Bain Capital Crypto | 1kx, Robot Ventures, Syncracy Capital, Placeholder | ||
| Curio | 06 Aug 2024 | $5.7m | Seed | Gaming | web3 game studio | Bain Capital Crypto, SevenX Ventures | OKX Ventures | ||
| M^0 | 05 Jun 2024 | $35m | Series A | Stablecoin | Decentralized money middleware that allows institutions to issue cryptodollars | Bain Capital Crypto | Wintermute Ventures, Galaxy, GSR, Caladan, SCB 10X | ||
| Flood | 08 Feb 2024 | $5.2m | Seed | DEX | Dex aggregator | Bain Capital Crypto | Archetype , Robot Ventures | ||
| Lolli | 14 Dec 2023 | $8m | Series B | Web3 | bitcoin and cashback rewards application | Bitkraft Ventures | Sfermion, Prisma Ventures, Hypersphere Ventures, Rahul Pagidipati, 2 Punks Capital, MZ Web3 Fund, Seven Seven Six, Pathfinder Ventures, Bain Capital Crypto, Serena Ventures, Logan Paul, Night Media | ||
| Aera | 26 Oct 2023 | $8m | Seed | DAO infrastructure | Autonomous onchain treasury management for DAOs | Bain Capital Crypto | Jump Trading | ||
| Nocturne | 25 Oct 2023 | $6m | Seed | Infrastructure | Usable on-chain privacy for Ethereum | Bain Capital Crypto, Polychain Capital | Vitalik Buterin, Bankless Ventures, Hack VC | ||
| Risc Zero | 19 Jul 2023 | $40m | Series A | Zero Knowledge Industry | RISC-V virtual trusted/trustless (it’s complicated) computer based on zero-knowledge cryptography, specifically zk-STARKs | Blockchain Capital | Bain Capital Crypto, Galaxy Digital, IOSG Ventures, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Aglaé Ventures, IOBC Capital, zeroDAO, Alchemy | ||
| Worldcoin | 25 May 2023 | $115m | Series C | Digital Identity | Worldcoin protocol is intended to be the world’s largest identity and financial public network | Blockchain Capital | a16z crypto, Bain Capital Crypto, Distributed Global | ||
| Scroll | 06 Mar 2023 | $50m | Zero Knowledge Industry | zkEVM-based zkRollup on Ethereum that enables native compatibility for existing Ethereum applications and tools | Polychain Capital, Bain Capital Crypto | Robot Ventures , Santiago Roel Santos, Anthony Sassano, Ying Tong, Carlos Aria, Gate Ventures | |||
| Curio | 21 Feb 2023 | $2.9m | Seed | Gaming | Blockchain gaming platform | Bain Capital Crypto | TCG, Formless Capital, Smrti Labs, Robot Ventures | ||
| OrbLabs | 14 Feb 2023 | $4.5m | Seed | cross-chain messaging protocols and omnichain applications | Bain Capital Crypto | Shima Capital, 6th Man Ventures, Modular Capital, SevenX Ventures |