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Struck Crypto

North America, California, United States, Santa Monica

Description

Struck Crypto is a prominent multi-strategy cryptocurrency fund operating as a dedicated arm of Struck Capital, a Santa Monica-based venture capital firm. Established to focus exclusively on the burgeoning blockchain and Web3 ecosystem, Struck Crypto leverages its parent firm's broader investment expertise to identify and support innovative projects within the digital asset space. The fund's mandate spans various sub-sectors, including decentralized finance (DeFi), blockchain infrastructure, gaming, NFTs, and Web3 applications, reflecting a comprehensive approach to the evolving crypto landscape.

The firm employs a flexible investment strategy, engaging across multiple stages from early-stage seed rounds to more mature Series A and B growth rounds. Struck Crypto is known for its active participation in significant funding rounds for some of the most impactful companies in the blockchain industry. For instance, their portfolio includes notable names such as Blockdaemon, a leading blockchain infrastructure provider, and Aptos, a high-performance Layer 1 blockchain. This multi-stage approach allows them to support companies from their foundational development through significant scaling phases.

Struck Crypto has built a diverse portfolio, with Crunchbase indicating investments in over 50 companies, underscoring their extensive reach and commitment to the crypto sector. While specific fund sizes for Struck Crypto are not always publicly delineated from its parent, Struck Capital notably raised a $100 million fund in 2021, which likely underpins a significant portion of Struck Crypto's investment capacity. Their typical initial check sizes generally range from approximately $500,000 for early-stage seed investments, reflecting their commitment to foundational projects, up to $7,500,000 for participation in larger, more established growth rounds, demonstrating their capacity to support scaling ventures. This broad range allows Struck Crypto to be a versatile partner for founders across the crypto spectrum.

Investor Profile

Struck Crypto has backed more than 25 startups, with 0 new investments in the last 12 months alone. The firm has led 2 rounds, about 8% of its total and boasts 0 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, Singapore, Switzerland.
  • Strong thematic focus on Blockchain, FinTech, Cryptocurrency.
  • Typical check size: $500K – $7.5M.

Stage Focus

  • Seed (48%)
  • Series A (20%)
  • Series Unknown (16%)
  • Series B (8%)
  • Series C (4%)
  • Corporate Round (4%)

Country Focus

  • United States (72%)
  • Singapore (4%)
  • Switzerland (4%)
  • Saint Kitts and Nevis (4%)
  • Hong Kong (4%)
  • China (4%)
  • United Kingdom (4%)
  • South Korea (4%)

Industry Focus

  • Blockchain
  • Fintech
  • Cryptocurrency
  • Financial Services
  • Software
  • Information Technology
  • Information Services
  • Apps
  • Gaming
  • Video Games
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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 Struck Crypto frequently co-invest with?

IOSG Ventures
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 3
Sand Hill Angels
North America, California, United States, Mountain View
Co-Investments: 3
Blockchain Capital
North America, California, United States, San Francisco
Co-Investments: 4
Javelin Venture Partners
North America, California, United States, San Francisco
Co-Investments: 3
Kosmos Ventures
Oceania, Western Australia, Australia, Perth
Co-Investments: 3
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Kenetic
Asia, Hong Kong Island, Hong Kong, Central
Co-Investments: 3
Struck Capital
North America, California, United States, Santa Monica
Co-Investments: 3
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 4
Galaxy Interactive
North America, New York, United States, New York
Co-Investments: 4

Which angels does Struck Crypto often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 2
AS
North America, California, United States, San Francisco
Shared Deals: 2
AB
North America, Nevada, United States, Las Vegas
Shared Deals: 1
Darius Rugys
North America, New York, United States, New York
Shared Deals: 1
CS
North America, California, United States, San Francisco
Shared Deals: 1
NG
North America, California, United States, San Francisco
Shared Deals: 2
BL
North America, California, United States, Los Angeles
Shared Deals: 1
CT
North America, Colorado, United States, Denver
Shared Deals: 1
AG
North America, California, United States, Stanford
Shared Deals: 2
Aniket Jindal
Asia, Delhi, India
Shared Deals: 1

What are some of recent deals done by Struck Crypto?

Soul Wallet

Santa Monica, California, United States

Soul Wallet is a smart contract wallet.

EthereumFinTechPaymentsSmart Contracts
SeedMar 16, 2023
Amount Raised: $3,000,000
Notifi

Seattle, Washington, United States

Web3 Messaging Infrastructure Services

BlockchainCommunications InfrastructureReal TimeWeb3
SeedNov 9, 2022
Amount Raised: $10,000,000
Shardeum

Zug, Zug, Switzerland

Shardeum is an EVM-based, linearly scalable smart contract platform designed to bring decentralization to everyone.

BlockchainCryptocurrencyFinTechInformation TechnologySmart Contracts
SeedOct 18, 2022
Amount Raised: $18,168,196
Eclipse

San Francisco, California, United States

Eclipse is Ethereum's fastest L2, powered by the Solana Virtual Machine.

BlockchainEthereum
SeedSep 30, 2022
Amount Raised: $9,000,000
Mero

London, England, United Kingdom

Mero develops a reactive liquidity protocol where users can earn yield and register actions with their liquidity.

BlockchainFinanceFinTechInformation Technology
Series AJun 7, 2022
Amount Raised: $3,500,000
Liquifi

San Francisco, California, United States

Liquifi ("Carta for crypto") helps crypto companies automate their token vesting, lockups, and manage their token cap table.

Software
SeedDec 21, 2021
Amount Raised: $5,000,000
Mythical Games

Sherman Oaks, California, United States

Mythical Games is a video game engine for player-owned economies.

AppsBlockchainGamingVideo Games
Series CNov 4, 2021
Amount Raised: $150,000,000
Apricot Finance

Hong Kong, Hong Kong Island, Hong Kong

Apricot Finance is a DeFi service provider that helps the user to maximize yield and minimize risk.

FinanceFinancial ServicesFinTech
SeedAug 25, 2021
Amount Raised: $4,000,000
Multiverse Labs

Singapore, Central Region, Singapore

Multiverse Labs is a decentralized A.I. ecosystem supporting early-stage technology companies.

ComputerSoftware
Series UnknownJul 28, 2021
Amount Raised: $15,000,000
Mythical Games

Sherman Oaks, California, United States

Mythical Games is a video game engine for player-owned economies.

AppsBlockchainGamingVideo Games
Series BJun 9, 2021
Amount Raised: $75,000,000