| TRM Labs | Feb 4, 2026 | $70m | Series C | Crypto Intelligence | TRM Labs is a blockchain intelligence company that helps financial institutions, crypto businesses, and government agencies detect, investigate, and prevent crypto-related financial crime and fraud | Blockchain Capital | $1b | | CMT Digital, Goldman Sachs, Bessemer Ventures, DRW Venture Capital, Alumni Ventures, Y Combinator, Citi Ventures, Brevan Howard, Galaxy Digital, Thoma Bravo |
| Flying Tulip | Sep 29, 2025 | $200m | Seed | DeFi | Flying Tulip, the new crypto project founded by DeFi veteran Andre Cronje, to build an onchain exchange that spans "all of DeFi" — including spot, derivatives, lending, stablecoins, and insurance under one system | | | | Brevan Howard, DWF Labs, CoinFund, Hypersphere Ventures, Lemniscap, Selini Capital, Nascent, Tioga Capital, FalconX, Sigil Fund, Virtuals Protocol, Republic Digital |
| Legion | Aug 20, 2025 | $5m | Seed | DeFi | Legion is a regulated, merit-based launchpad focusing on delivering compliant, decentralized fundraising | VanEck, Brevan Howard | | | Coinbase Ventures, Kraken Ventures, Crypto.com, Bitscale Capital, Cyber Fund, Blockchain Builders Fund, GSR, Systemic Ventures |
| Perpl | May 13, 2025 | $9.25m | | DeFi | a decentralized perpetual futures exchange | Dragonfly Capital, Ergonia | | | Brevan Howard, Mirana Ventures, L1 Digital, HashKey Capital, Breed VC, CMS Holdings |
| Morpho Labs | Aug 1, 2024 | $50m | Strategic | DeFi | Lending | Ribbit Capital | | | a16z crypto, Coinbase Ventures, Variant Fund, Pantera Capital, Brevan Howard, BlockTower Capital, Kraken Ventures, Hack VC, IOSG, RockawayX, L1D, Mirana Ventures, Cherry Crypto, Semantic, Fenbushi Capital, LeadBlock Partners, Robot Ventures |
| NFTfi | Mar 11, 2024 | $6m | Series A1 | DeFi | NFT lending protocol | Placeholder | | | Maven 11, Kahuna, Launch Labs Inc, Brevan Howard, The Lao, Reciprocal Ventures, A.Capital Ventures, HASH CIB, Bloccelerate, Cypher Capital, Longhash Ventures |
| Wormhole | Nov 29, 2023 | $225m | Private | Infrastructure | interoperability platform | Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi Capital, Dialectic, Borderless Capital, Arrington XRP Capital | $2.5b | | Gate Ventures |
| Mauve | Mar 9, 2023 | $15m | | DEX | compliant DEX built on Violet | | | | Brevan Howard, Coinbase Ventures |
| Catapult | Nov 30, 2022 | $5m | Seed | | Context layer for web3 communities | Blockchain Capital | | | Eden Block, Orange DAO, Reverie, Stani Kulechov, Ryan Berkun, Brevan Howard, Jenil Thakkar, Brandon Kumar, Raf Solari, Shreyas Hariharan, Shaun Ng, Simon Jones, Jack du Rose, Henri Stern, Jason Shah, Saad Rizvi |
| PolySign | Jun 29, 2022 | $53m | Series C | Infrastructure | Digital asset infrastructure | | | | Cowen Digital, Brevan Howard, GSR |
