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CoinFund

North America, New York, United States, Brooklyn

Description

CoinFund is a prominent crypto-native investment firm established in 2015, based in Brooklyn, New York. As a private cryptoasset investor and blockchain research and advisory firm, CoinFund has carved out a significant niche in the burgeoning web3 ecosystem. Their investment thesis centers on identifying and supporting foundational technologies and applications that are shaping the future of decentralized internet, ranging from core infrastructure and DeFi protocols to NFTs and metaverse projects. The firm prides itself on its deep technical understanding and hands-on approach, often acting as a strategic partner to its portfolio companies.

The firm has demonstrated consistent growth in its investment capacity. In July 2022, CoinFund announced the close of its "CoinFund Ventures I" fund, raising an impressive $300 million dedicated to early-stage blockchain companies. This significant capital injection brought their total assets under management (AUM) to over $1 billion, underscoring their substantial presence in the digital asset investment landscape. Building on this momentum, CoinFund further expanded its capital base in April 2024 with the launch of "CoinFund Ventures IV," a $150 million fund specifically earmarked for early-stage web3 ventures. These funds enable CoinFund to deploy capital across seed and Series A rounds, supporting innovative startups from their foundational stages.

CoinFund's investment strategy goes beyond mere capital provision; they aim to be a long-term partner, leveraging their extensive network and expertise in blockchain technology. They typically seek to invest in projects that demonstrate strong technical teams, novel solutions, and significant potential for impact within the decentralized economy. Their portfolio reflects a diverse range of companies, from infrastructure providers that enable the underlying blockchain layers to consumer-facing applications that bring web3 to a broader audience. This comprehensive approach positions CoinFund as a key player in fostering the next generation of internet technologies.

Investor Profile

CoinFund has backed more than 142 startups, with 13 new investments in the last 12 months alone. The firm has led 50 rounds, about 35% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Initial Coin Offering rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Germany.
  • Strong thematic focus on Blockchain, Cryptocurrency, Software.
  • Led 10 rounds in the past year.
  • Typical check size: $1M – $15M.

Stage Focus

  • Seed (49%)
  • Series A (20%)
  • Initial Coin Offering (8%)
  • Series Unknown (8%)
  • Pre Seed (6%)
  • Series B (5%)
  • Non Equity Assistance (1%)
  • Corporate Round (1%)
  • Debt Financing (1%)
  • Angel (1%)

Country Focus

  • United States (61%)
  • Canada (6%)
  • Germany (4%)
  • United Kingdom (4%)
  • Singapore (3%)
  • Switzerland (3%)
  • Cayman Islands (2%)
  • Hong Kong (2%)
  • Spain (1%)
  • Egypt (1%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Software
  • Financial Services
  • Information Technology
  • Web3
  • Fintech
  • Internet
  • Ethereum
  • Gaming
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does CoinFund frequently co-invest with?

Hashed
North America, California, United States, San Francisco
Co-Investments: 11
Arrington XRP Capital
North America, Washington, United States, Seattle
Co-Investments: 10
Blockchain Capital
North America, California, United States, San Francisco
Co-Investments: 10
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 18
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 16
Crowd Venture Capital
North America, New York, United States, New York
Co-Investments: 16
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 13
Polychain
North America, California, United States, San Francisco
Co-Investments: 10
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 11
Multicoin Capital
North America, Texas, United States, Austin
Co-Investments: 11

Which angels does CoinFund often collaborate with?

RL
North America, New York, United States, New York
Shared Deals: 3
PM
North America, New York, United States, New York
Shared Deals: 3
Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 5
SK
Europe, England, United Kingdom, London
Shared Deals: 8
Kain Warwick
Oceania, New South Wales, Australia, Sydney
Shared Deals: 5
MD
North America, New York, United States, New York
Shared Deals: 5
SK
North America, New York, United States, New York
Shared Deals: 2
TK
North America, California, United States, San Francisco
Shared Deals: 4
DD
North America, Florida, United States, Land O Lakes
Shared Deals: 3
IP
North America, California, United States, Mountain View
Shared Deals: 3

What are some of recent deals done by CoinFund?

STON.fi

Dubai, Dubai, United Arab Emirates

STON.fi is a decentralized automated market maker (AMM) built on the TON blockchain.

BlockchainCryptocurrencyWeb3
Series AJul 30, 2025
Amount Raised: $9,500,000
MEI Pharma

San Diego, California, United States

MEI Pharma is a oncology company focuses on the clinical development of novel therapies for cancer.

BiopharmaBiotechnologyMedicalOncology
Post Ipo EquityJul 18, 2025
Amount Raised: $100,000,000
Dakota Ridge

Boulder, Colorado, United States

Dakota Ridge is a fintech firm that provides banking services for crypto businesses.

CryptocurrencyFinancial ServicesFinTech
Series AJul 15, 2025
Amount Raised: $12,500,000
Cold River Games

Umeå, Vasterbottens Lan, Sweden

Cold River Games specializes in development of games.

Information ServicesSoftwareVideo Games
SeedJul 2, 2025
Amount Raised: $2,000,000

Veda operates as a vault infrastructure platform.

CryptocurrencyDecentralized Finance (DeFi)
Series AJun 22, 2025
Amount Raised: $18,000,000
Zoot

New York, New York, United States

ZOOT emphasizes simple, engaging gameplay inspired by early Flash games, combined with daily bonuses, quests, and a social community focus.

SeedJun 17, 2025
Amount Raised: $6,000,000
Catena Labs

Boston, Massachusetts, United States

Catena Labs incubate independent products spanning identity, communications, AI, and commerce.

Artificial Intelligence (AI)Information TechnologyInternet
SeedMay 20, 2025
Amount Raised: $18,000,000
Giza

Gîza, Al Jizah, Egypt

Giza can also transform the paradigm in web3 gaming.

CryptocurrencyWeb DesignWeb3
SeedMay 15, 2025
Amount Raised: $5,200,000
Pluralis Research

New York, New York, United States

Pluralis Research operates as an AI start-up that uses decentralized training to create open-source AI.

Artificial Intelligence (AI)Developer PlatformOpen Source
SeedMar 19, 2025
Amount Raised: $7,600,000
Rho Labs

London, England, United Kingdom

Rho Labs is a developer of Rho Protocol: the first crypto-native interest rate futures and swaps market.

BlockchainCryptocurrencyTrading Platform
SeedFeb 5, 2025
Amount Raised: $4,000,000