CoinShares

CoinShares is a prominent European digital asset investment firm, publicly traded on Nasdaq Stockholm, known primarily for its extensive suite of exchange-traded products (ETPs) and asset management services in the cryptocurrency space. Beyond its core offerings, the firm operates a dedicated "Ventures" division, strategically investing in the nascent yet rapidly evolving digital asset ecosystem. This arm focuses on early-stage companies that bridge the gap between traditional finance and the burgeoning world of digital assets, aiming to foster innovation and growth within the sector.

CoinShares Ventures' investment strategy is centered on identifying and backing promising startups across various segments of the digital asset landscape. Their portfolio includes companies involved in blockchain infrastructure, decentralized finance (DeFi), Web3 applications, and capital markets solutions. Notable investments include participation in the Series B round of Blockdaemon, a leading blockchain infrastructure platform, and the Series A round of Elwood Technologies, a platform providing institutional-grade digital asset trading solutions. These strategic investments underscore CoinShares' commitment to supporting foundational technologies and services that enable broader institutional adoption of digital assets.

The firm typically deploys first cheques ranging from approximately $500,000 to $5,000,000, participating in Seed, Series A, and occasionally Series B funding rounds. While specific investment amounts are often undisclosed, their involvement in significant funding rounds, such as Elwood Technologies' $70 million Series A, indicates their capacity for substantial strategic contributions. Beyond capital, CoinShares offers its portfolio companies invaluable strategic guidance, regulatory expertise, and access to its extensive network within both traditional finance and the digital asset industry. With a history of managing over $3 billion in assets under management at its peak, and having made over 10 direct venture investments, CoinShares leverages its market position and deep industry knowledge to accelerate the development of the next generation of digital asset innovators.