Bain Capital Crypto
Venture capitalSan Francisco · Seed–Series C · 16 people tracked
Investment thesis
The firm invests in crypto infrastructure projects and protocols, including platforms providing secure and scalable infrastructure for embedded wallets and onchain transaction automation, as well as cryptographic research and development.
Source: firm website, verified Aug 3, 2026.
Team · 16 people
from the firm's website & public directories
Founder mafia
2 people who came through Bain Capital Crypto went on to found or lead other companies.
What they invest in
from 25 of 33 portfolio companiesCrypto & Web3 ×18Fintech ×13AI & Machine Learning ×4Data & Infrastructure ×4Developer Tools ×4Cybersecurity ×3Enterprise Software ×3Media & Entertainment ×3
HQs:United States×10Bermuda×1Canada×1
Investments · 33 tracked
founders shown can be your intro pathBy year:2026 · 62025 · 42024 · 12023 · 12022 · 113 dated
Superstate builds tokenization infrastructure that puts securities such as private funds, mutual funds, ETFs, and company shares onchain, connecting them with crypto capital markets for 24/7 trading and DeFi use.
Crypto & Web3FintechNew York, US
Robert Leshner(Co-founder & Chief Executive Officer)Jim Hiltner(Co-founder & Head of Business Development)inDean Swennumson(Co-founder & Head of Operations)inJon Walch(Head of Engineering)inEmily Coleman(Head of Marketing & Communications)inAlex Zozos(General Counsel)in
Co-investorsHaun Ventures1kxArrington CapitalBrevan Howard DigitalBreyer CapitalCoinFund+10 more
Superstate provides tokenized real-world assets, including legally issued public-company equities and yield-bearing funds, held onchain in investors' own wallets.
Crypto & Web3FintechNew York, US
Dean Swennumson(Co-founder & Head of Operations)inRobert Leshner(Co-founder & Chief Executive Officer)Jim Hiltner(Co-founder & Head of Business Development)Jon Walch(Head of Engineering)Emily Coleman(Head of Marketing & Communications)inAlex Zozos(General Counsel)
Co-investors1kxArrington CapitalCoinFundBrevan Howard DigitalBreyer CapitalDistributed Global+13 more
World provides a system for verifying that online users are real, unique humans, combining privacy-preserving proof-of-human identity with financial infrastructure and a digital token.
AI & Machine LearningCrypto & Web3FintechSan Francisco, US
Sam Altman(Co-founder & Chairman (Tools for Humanity))Alex Blania(Co-founder & CEO (Tools for Humanity))Max Novendstern(Co-founder (Tools for Humanity))
Co-investorsAndreessen HorowitzBlockchain CapitalKhosla Venturesa16z cryptoAlphaLab CapitalArctic Digital+9 more
World is a decentralized protocol providing universal proof of human identity for the internet, along with financial infrastructure and a native token called WLD, operated through the World App and World Chain blockchain.
Crypto & Web3FintechSector AgnosticSan Francisco, US
Sam Altman(Co-founder & Chairman, Tools for Humanity)Alex Blania(Co-founder & CEO, Tools for Humanity)inMax Novendstern(Co-founder, Tools for Humanity)in
Co-investorsAndreessen HorowitzBlockchain CapitalKhosla Ventures1confirmationCoinFundDigital Currency Group+6 more
Bluesky is a social media platform built as a Public Benefit Corporation.
Developer ToolsSector AgnosticSocial
BoardJack Dorsey(CEO @ Automattic)
Co-investorsAlumni VenturesBlockchain CapitalEterna CapitalEx/AntePlus Ultra Capital PartnersStrawberry Creek Ventures+4 more
Bluesky is an open, decentralized social network built on the AT Protocol (atproto), offering users customizable feeds, moderation tools, and a portable identity across platforms.
Developer ToolsMedia & EntertainmentSocial
Co-investorsVery Serious VenturesAlumni VenturesAnthos CapitalBain Capital VenturesBlockchain CapitalBloomberg Beta+1 more
Bluesky is a social networking application built on the AT Protocol (atproto).
ConsumerSocial
Co-investorsAlumni VenturesAvalanche VCBasecamp FundAnthos CapitalBain Capital VenturesBlockchain Capital+2 more
Celestia designs and delivers custom, high-throughput blockchain chains for enterprises, separating compute and storage so each scales independently.
Crypto & Web3Data & InfrastructureEnterprise Software
Mustafa Al-Bassam(Chairman & CEO, Celestia Foundation)inNick White(Co-founder & CEO, Celestia Labs)Preston Evans(CTO, Celestia Labs)Sarah Armstrong(CFO)Zach Leibowitz(General Counsel)
Co-investorsAdvanced BlockchainAlphaLab CapitalBlockchain CapitalCaladanCoinbase VenturesDigital Currency Group+18 more
Co-investorsBlockchain CapitalD1 Ventures
Ghost is an open-source publishing platform that lets professional publishers build websites, publish content, send email newsletters, and offer paid memberships and subscriptions.
Creator EconomyMedia & EntertainmentSaaS
Co-investorsSpeedinvestCathay Innovation
Ground News is a media analytics platform that identifies and visualizes stories with political bias disparities across news outlets, helping users see coverage patterns and stories they may have missed due to media polarization.
Media & EntertainmentSector AgnosticKitchener, CA
Harleen Kaur(Co-founder)Sukh Singh(Co-founder)Harleen K.(Founder)in
Co-investorsTechstarsConsonant VenturesNascentRobot Ventures
Irreducible builds infrastructure for cryptographic computing, focusing on zero-knowledge proofs and trust mechanisms online.
Crypto & Web3CybersecurityDeep TechHardwareSan Francisco, US
Dr. Radi Cojbasic(Founder)Jim Posen(Founder)
Co-investorsParadigmFenbushi CapitalRobot Ventures
Jadu is building a consumer platform for spatial imagery — a new medium of volumetric captures that carry sound and can be explored in three dimensions rather than viewed as flat photos or videos.
AI & Machine LearningConsumerCreator EconomyLos Angeles, US
ASAD MALIK(Executive Officer)Asad J. Malik(Founder)in
Co-investorsCoinbase VenturesCrit VenturesLG Technology VenturesPosition VenturesGaingelsGeneral Catalyst+3 more
M0 provides a modular platform for designing and issuing stablecoins, allowing users to independently configure token behavior, issuers, and other stablecoin stack components.
Crypto & Web3Fintech
Gregory Di Prisco(Founder)in
Co-investorsAlphaLab CapitalCaladanGSRSCB 10XSolari CapitalStandard Crypto+2 more
M0 provides a modular platform for designing and deploying stablecoins, with configurable layers for token behavior, issuance, and partner integrations.
Crypto & Web3Fintech
Gregory Di Prisco(Founder)in
Co-investorsEarlybird Venture CapitalKraynos CapitalMouro CapitalPantera CapitalParaFi CapitalEndeavor Catalyst+4 more
M0 is a modular stablecoin infrastructure platform that lets developers launch application-specific, interoperable digital dollars.
Luca Prosperi(Founder & CEO)Greg Di Prisco(Founder)
Co-investorsA-Rod CorpArrington CapitalBitcoin MagazineCitizenX Crypto VenturesCoinbase VenturesCompound+20 more
Meanwhile is a licensed Bitcoin-denominated life insurance company whose policies collect premiums and pay death benefits in BTC, with premiums that grow at a guaranteed rate in Bitcoin terms and the option to take Bitcoin loans against policy value.
Crypto & Web3FintechInsurTechHamilton, BM
Tia Beckmann(Chief Financial Officer)
Co-investorsFramework VenturesFulgur VenturesGradient VenturesSam Altman6th Man VenturesHaun Ventures+5 more
Notebook Labs provides zero-knowledge identity verification for Web3, allowing users to prove personhood and aggregate credentials across wallets while maintaining anonymity.
Crypto & Web3Enterprise SoftwareSan Francisco, US
Nathaniel Masfen-Yan(Founder)inSolal Afota(Founder)inDhruv Mangtani(Founder)in
Co-investorsY CombinatorAbstract VenturesNFXSoma CapitalVery Serious Ventures
Nucleo automates CT scan analysis for oncology care, providing AI-powered tools for tumor lesion sizing, body composition assessment, and lesion classification to support clinical workflows in hospitals.
AI & Machine LearningHealthtechMedical Devices
Angelica Iacovelli(Founder)inLuca Pegolotti(Founder)in
Co-investorsY Combinator6th Man VenturesLombardstreet Ventures
Orb Labs builds an orchestration layer for onchain finance, offering infrastructure to make transactions gasless and bridgeless, restore stablecoin fungibility, and connect onchain accounts with offchain systems.
Crypto & Web3Data & InfrastructureFintechNew York City, US
Felix Madutsa(Founder)
Co-investorsSyntax Capital
Co-investors1confirmation
Puzzle is a crypto wallet for the Aleo blockchain, available on iOS, Android, and Chrome, that includes a native Arcade offering earning opportunities to users.
Crypto & Web3Fintech
Co-investorsFelicis VenturesGeneral CatalystKapor CapitalS32Sterling Road
RISC Zero provides verifiable computation technology that lets anyone cryptographically confirm a computation's output is correct without recomputing it, while preserving privacy.
Crypto & Web3CybersecurityDeep TechSeattle, US
Frank Laub(Executive Officer, Director)inBrian Retford(Executive Officer, Director)Jeremy Bruestle(Executive Officer, Director)
Co-investorsBlockchain CapitalD1 VenturesFenbushi CapitalFigmentL2 Iterative Ventures (L2IV)Maven 11+3 more
Co-investorsA.Capital VenturesBixin CapitalBixin VenturesCatcherVCIOSG VenturesOKX Ventures+6 more
Crypto & Web3Enterprise SoftwareFintech
Co-investorsFactionFigmentPicks and Shovels (Picks & Shovels)
Turnkey provides wallet-as-a-service infrastructure that lets developers generate non-custodial crypto wallets, sign transactions, and manage key-access policies across multiple blockchains through a single API.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsVariant FundCircle VenturesSequoia Capital
Turnkey provides operational wallet infrastructure that lets companies coordinate crypto payments across internal custodial wallets with role-based policies, transaction limits, approval rules, and gas sponsorship.
AI & Machine LearningCrypto & Web3CybersecurityData & InfrastructureDeveloper ToolsFintech
Bryce Ferguson(Founder & CEO)
Co-investorsArchetypeFactionFigmentMirana VenturesPathlight VenturesSequoia Capital+6 more
Variational operates an on-chain derivatives trading protocol that lets users trade over 500 crypto, stock, commodity and index markets from a single account with up to 50x leverage and no fees.
Crypto & Web3FintechSaaS
Edward Yu(Founder)inLucas Schuermannin
Co-investorsAlphaLab CapitalCaladanMirana VenturesPeak XV PartnersCoinbase VenturesDragonfly
Variational is a peer-to-peer protocol for on-chain trading, clearing, and settlement of derivatives including perpetual futures and options, using request-for-quote pricing, on-chain escrow settlement, and liquidity aggregation from on- and off-chain sources.
Crypto & Web3Fintech
Edward Yu(Founder)in
Co-investorsNIV
World Positive is a venture capital publication/platform associated with Obvious Ventures, sharing investment theses, portfolio company features, and essays organized around economic, human, and planetary health.
Co-investorsDesigner FundPantera CapitalSelini Capital
Exits · 1
IPOs and acquisitions across the tracked portfolioSkipacq. by Interchain Foundation (Cosmos)
Portfolio news
latest coverage across their companies
Puzzle · ua.news · Aug 21, 2026
Fuel · pymnts.com · Aug 20, 2026
World · theaiinsider.tech · Aug 15, 2026
Worldcoin · cryptonews.net · Jul 25, 2026
Ground · finsmes.com · Jul 17, 2026
Nucleo · therecursive.com · Jun 26, 2026
Superstate · usatoday.com · Jun 24, 2026
Variational · startup.economictimes.indiatimes.com · May 22, 2026
Frequently asked questions
- How many investments has Bain Capital Crypto made?
- Bain Capital Crypto has 18 tracked investments, 1 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
- What stage does Bain Capital Crypto invest at?
- Bain Capital Crypto invests at the Seed, Series A, Series B, Series C stages.
- What sectors does Bain Capital Crypto focus on?
- Bain Capital Crypto focuses on Crypto & Web3.
- Where is Bain Capital Crypto located?
- Bain Capital Crypto is headquartered in San Francisco, US.
- Does Bain Capital Crypto lead rounds?
- Bain Capital Crypto has led 9 of the 11 rounds where its role is on record.
- Who does Bain Capital Crypto co-invest with?
- Bain Capital Crypto most often shares deals with Blockchain Capital, Figment, Coinbase Ventures, among 72 tracked co-investors.
From the blog
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Co-investors · 27
Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.
Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.
Polychain is an investment firm that actively manages portfolios of blockchain-based digital assets, aiming to deliver strong returns for its investors.
Sequoia Capital is a venture capital firm that partners with founders to build technology companies.
Felicis Ventures is a venture capital firm that backs founders primarily at the Seed and Series A stages, frequently leading or co-leading rounds. It operates with a founder-first approach, including a founder pledge and voting commitments.
BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.
Archetype is an early-stage venture fund backing crypto founders building new markets and protocols.
Placeholder is a venture capital firm that has invested in over 75 early-stage crypto companies and decentralized networks since 2017.
Stillmark is a venture capital firm that invests in companies building products and infrastructure for a bitcoin-powered future.
Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.
SV Angel is a firm that has backed startup founders since the 1990s, leveraging a large network of founders, industry leaders, and regulators to support portfolio companies.
▶15 more co-investors
Balderton CapitalOak HC/FTLookout VenturesAcrew CapitalVenrockUncorrelated VenturesTribe Capital FirstlookScribble VenturesDecibel Partners645 VenturesDivergenceG2 Venture PartnersGreatPoint VenturesInfinite CapitalHarpoon Ventures
Firms observed investing alongside Bain Capital Crypto, from public investor directories. Shared companies are the overlap with Bain Capital Crypto's recorded portfolio.
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