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ParaFi Capital

North America, Connecticut, United States, Greenwich

Description

ParaFi Capital is a prominent alternative asset management and technology firm based in Greenwich, Connecticut, with a dedicated focus on the evolving digital asset ecosystem. Established to bridge traditional finance with the burgeoning world of blockchain and cryptocurrencies, the firm employs both liquid and venture strategies to capitalize on opportunities within this innovative sector. Its investment thesis centers on identifying and supporting foundational protocols, decentralized finance (DeFi) applications, Web3 infrastructure, and other disruptive technologies that underpin the future of the internet.

The firm has established itself as a significant player in the crypto venture landscape. As of 2021, ParaFi Capital was reported to be managing over $1 billion in assets, underscoring its substantial capital base and influence within the digital asset space. Their venture arm actively seeks to back visionary founders and projects, providing not just capital but also strategic guidance and network access. They are known for their deep research capabilities and a long-term perspective on the growth of decentralized technologies.

ParaFi Capital typically engages in early-stage and growth-stage investments, participating in seed rounds, Series A, and occasionally later-stage funding. Their typical first check sizes for venture investments range from $500,000 to $10 million, reflecting their flexibility to support projects across various stages of development and capital requirements. The firm's portfolio includes a diverse array of leading protocols and companies that are shaping the future of decentralized finance, NFTs, and Web3 infrastructure, demonstrating their commitment to fostering innovation and adoption within the digital asset economy.

Investor Profile

ParaFi Capital has backed more than 129 startups, with 15 new investments in the last 12 months alone. The firm has led 38 rounds, about 29% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Singapore.
  • Strong thematic focus on Blockchain, Cryptocurrency, FinTech.
  • Led 6 rounds in the past year.
  • Typical check size: $500K – $10M.

Stage Focus

  • Seed (40%)
  • Series A (22%)
  • Series Unknown (12%)
  • Initial Coin Offering (9%)
  • Series B (5%)
  • Series C (3%)
  • Pre Seed (3%)
  • Series D (2%)
  • Post Ipo Debt (2%)
  • Post Ipo Equity (2%)

Country Focus

  • United States (54%)
  • Canada (6%)
  • Singapore (5%)
  • United Kingdom (5%)
  • Germany (2%)
  • Saint Kitts and Nevis (2%)
  • Cayman Islands (2%)
  • Switzerland (2%)
  • Gibraltar (2%)
  • Spain (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Fintech
  • Financial Services
  • Software
  • Finance
  • Decentralized Finance (Defi)
  • Information Technology
  • Web3
  • Trading Platform
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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 ParaFi Capital frequently co-invest with?

Pantera Capital
North America, California, United States, Menlo Park
Co-Investments: 11
Hashed
North America, California, United States, San Francisco
Co-Investments: 11
Arrington XRP Capital
North America, Washington, United States, Seattle
Co-Investments: 13
CMS Holdings
North America, New York, United States, New York
Co-Investments: 15
GSR
Europe, England, United Kingdom, London
Co-Investments: 11
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 21
DeFiance Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 14
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 11
Polychain
North America, California, United States, San Francisco
Co-Investments: 13
The Spartan Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 16

Which angels does ParaFi Capital often collaborate with?

RL
North America, New York, United States, New York
Shared Deals: 4
Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 7
SK
Europe, England, United Kingdom, London
Shared Deals: 9
AB
Europe, Noord-Holland, The Netherlands, Amstelveen
Shared Deals: 3
Kain Warwick
Oceania, New South Wales, Australia, Sydney
Shared Deals: 11
MD
North America, New York, United States, New York
Shared Deals: 5
SR
Europe, Monaco
Shared Deals: 4
Jordan Momtazi
Oceania, New South Wales, Australia, Sydney
Shared Deals: 3
NR
North America, California, United States, San Francisco
Shared Deals: 3
Andrew Keys
North America, Puerto Rico
Shared Deals: 3

What are some of recent deals done by ParaFi Capital?

Mill City Venture III

Wayzata, Minnesota, United States

Mill City Venture III is a company that offers business investment services.

LendingReal Estate InvestmentVenture Capital
Post Ipo EquityJul 28, 2025
Amount Raised: $450,000,000
Courtyard

San Francisco, California, United States

Courtyard is an online marketplace for trading cards & digital packs

BlockchainFinTechMarketplaceNon-Fungible Token (NFT)
Series AJul 24, 2025
Amount Raised: $30,000,000
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
DigitalX

Perth, Western Australia, Australia

DigitalX is an Australia-based software solutions company developing products and services.

BitcoinBlockchainFinTechSoftwareVirtual Currency
Post Ipo EquityJul 8, 2025
Amount Raised: $13,541,369
ProCap Financial

New York, New York, United States

ProCap Financial is a bitcoin-native financial services firm focused on building and funding companies that solve important problems.

BitcoinCryptocurrencyFinance
Post Ipo DebtJun 23, 2025
Amount Raised: $235,000,000
ProCap Financial

New York, New York, United States

ProCap Financial is a bitcoin-native financial services firm focused on building and funding companies that solve important problems.

BitcoinCryptocurrencyFinance
Post Ipo EquityJun 23, 2025
Amount Raised: $516,500,000
Kindly MD

Murray, Utah, United States

Kindly MD is a healthcare company that provides sleep support, pain treatment, and data analytics solutions for medication management.

AnalyticsHealth CareMedical
Post Ipo EquityMay 12, 2025
Amount Raised: $510,000,000
Bitwise

San Francisco, California, United States

Bitwise is a crypto-specialist asset manager for individuals, investment managers, and institutions navigating cryptocurrency.

BlockchainCryptocurrencyFinancial ServicesSoftware
Series UnknownFeb 25, 2025
Amount Raised: $70,000,000
GEODNET

Los Altos, California, United States

Global Earth Observation Decentralized Network (GEODNET) is the first network that utilizes the limited Earth surface as the resource.

BlockchainGeospatialInternet of ThingsMapping ServicesMetaverse
Initial Coin OfferingFeb 25, 2025
Amount Raised: $8,000,000
Glim

Bogotá, Distrito Especial, Colombia

Glim is Salary reinvented

CryptocurrencyEmployee BenefitsFinTechHuman Resources
Pre SeedFeb 13, 2025
Amount Raised: $3,470,000