🦊/Investors

Bain Capital Crypto

Venture capital

San Francisco · Seed–Series C · 16 people tracked

Find your way into Bain Capital Crypto

3,998 people in our graph share verified history with the Bain Capital Crypto team — schools, employers, funds. One of them is your warm intro.

Nancy Wangunlockedknows Parth Chopra · together at Google (overlapped)
×4knows the team · via Stanford University
knows the team · via Facebook
knows the team · via Bain Capital Ventures
knows the team · via Google
knows the team · via State Street Bank
Fox Verdict
Sign up to see your fit

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.

Stage
Seed–Series C
HQ
San Francisco, CA, US
Instruments
Equity
Founded
2023
Last 12 months
10 investments
Tracked investments
39
Unicorns
1
Acquisitions
1

Team · 16 people

from the firm's website & public directories
Kobi Gurkan· Partner and Head of Research𝕏
Andrija Novakovic· Researcherin𝕏
Kimleang Svay· Executive Assistantin
Natalie Mullins· Investorin𝕏

Founder mafia

2 people who came through Bain Capital Crypto went on to found or lead other companies.

What they invest in

from 29 of 39 portfolio companies

Crypto & Web3 ×20Fintech ×14AI & Machine Learning ×7Cybersecurity ×4Data & Infrastructure ×4Developer Tools ×4Enterprise Software ×4Media & Entertainment ×4

HQs:United States×13Bermuda×1Canada×1

Who they back

founder profiles across 9 portfolio companies
44%
solo founders
4 of 9 mapped founding teams
50%
repeat founders
of 12 founders with career history

Founding team size:solo founder×42 founders×33 founders×2

Where their founders studiedfrom 11 founders with education data

Stanford University ×2Università Bocconi ×2

What their founders studiedfrom 11 founders with field-of-study data

Computer Science ×3Economics ×3Engineering ×3Mathematics & Statistics ×2

Where their founders worked beforefrom 12 founders with career history

Coinbase ×2Facebook ×2MakerDAO ×2Morgan Stanley ×2

Investments · 39 tracked

founders shown can be your intro path

By year:2026 · 92025 · 42024 · 22023 · 32022 · 220 dated

Superstatesuperstate.comin𝕏Jun 2026 · $3.6M✓ verified

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’ssuperstate.coin𝕏✓ verified

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)inJon Walch(Head of Engineering)inEmily Coleman(Head of Marketing & Communications)inAlex Zozos(General Counsel)in

Co-investors1kxArrington CapitalCoinFundBrevan Howard DigitalBreyer CapitalDistributed Global+13 more

Worldworld.orgin𝕏✓ verified

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))inMax Novendstern(Co-founder (Tools for Humanity))in

Co-investorsBlockchain CapitalAndreessen HorowitzKhosla Venturesa16z cryptoAlphaLab CapitalArctic Digital+9 more

Worldcoinworldcoin.orgin𝕏✓ verified

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

Banklessbankless.comin𝕏Jan 2026 · $82.5M

Bankless is a global community providing educational content and resources to help users navigate and understand cryptocurrency and blockchain technology.

Crypto & Web3Media & Entertainment

Co-investorsBankless VenturesCoinbase VenturesAndreessen HorowitzBrevan Howard DigitalCapitalGCoatue Management+6 more

Blueskybsky.social𝕏

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

Blueskyblueskyweb.xyz𝕏Mar 2026 · $100M

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

Blueskybsky.app

Bluesky is a social networking application built on the AT Protocol (atproto).

ConsumerSocial

Co-investorsAlumni VenturesAvalanche VCBasecamp FundAnthos CapitalBain Capital VenturesBlockchain Capital+2 more

byFoundersbyfounders.vc

Early-stage fund built around a collective of Nordic and Baltic founders.

Co-investorsAspire11Elmehøj VenturesWave VenturesAntlerFarvatn VentureSkyfall Ventures

Celestiacelestia.orgin𝕏

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)inPreston Evans(CTO, Celestia Labs)Sarah Armstrong(CFO)inZach Leibowitz(General Counsel)in

Co-investorsAdvanced BlockchainAlphaLab CapitalBlockchain CapitalCaladanCoinbase VenturesDigital Currency Group+18 more

Curiocurio.gg

Kevin Zhang(Founder)in

Co-investorsSevenX Ventures

Floodflood.bidSeed · Feb 2024 · $5M
Fuelghost.io

Ghost is a publishing platform that enables independent creators and professional publishers to build websites, publish content, send newsletters, and manage paid memberships.

Creator EconomyMedia & EntertainmentSaaS

Co-investorsSpeedinvestCathay Innovation

Groundground.newsin𝕏Jun 2026 · $3.6M

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)inSukh Singh(Co-founder)inHarleen K.(Founder)in

Co-investorsTechstarsConsonant VenturesNascentRobot Ventures

Irreducibleirreducible.comin𝕏Jan 2025Defunct

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)in

Co-investorsParadigmFenbushi CapitalRobot Ventures

Jadu ARjadu.ar𝕏

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 J. Malik(Founder)in

Co-investorsCoinbase VenturesCrit VenturesLG Technology VenturesPosition VenturesProgressionGaingels+3 more

M^0m0.orgin𝕏Jun 2024

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 CapitalCaladanGSRPantera CapitalSCB 10XSolari Capital+2 more

M^ZEROm0.xyzin𝕏Aug 2025 · $40M

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

M0t.coSeries A · Aug 2025 · $40M

M0 is a modular stablecoin infrastructure platform that lets developers launch application-specific, interoperable digital dollars.

Luca Prosperi(Founder & CEO)inGreg Di Prisco(Founder)in

Co-investorsA-Rod CorpArrington CapitalBitcoin MagazineCitizenX Crypto VenturesCoinbase VenturesCompound+20 more

Meanwhile Bitcoin backed insurance Moneymeanwhile.bmin𝕏Oct 2025 · $82M

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)in

Co-investorsFramework VenturesFulgur VenturesGradient VenturesSam Altman6th Man VenturesHaun Ventures+5 more

Nocturnenocturne.xyz𝕏Seed · Oct 2023 · $6M

Nocturne is a protocol that enables onchain privacy for blockchain users.

Crypto & Web3San Diego, US

Luke Tchang(Executive Officer, Director)Sebastien La Duca(Executive Officer, Director)

Co-investorsHack VCKira StudioPolychain Capital

Notebook Labsnotebooklabs.xyz𝕏Oct 2022Defunct

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

Nucleonucleoresearch.comin𝕏

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 DevicesSan Francisco, US

Angelica Iacovelli(Founder)inLuca Pegolotti(Founder)in

Co-investorsY Combinator6th Man VenturesLombardstreet Ventures

Orb Labsorblabs.xyzin𝕏Feb 2023 · $4.5M

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)in

Co-investorsSyntax Capital

Panteragetpantera.comJul 2026 · $52.5M

Pantera is an AI software company that builds autonomous digital workers to automate business processes.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsBVCAnimoca BrandsCoinbase VenturesFounders FundKaratageLaser Digital+4 more

Puzzlepuzzle.online𝕏

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 Zerorisczero.comin𝕏Mar 2022

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

Skipskip.moneyin𝕏acquired by Interchain Foundation (Cosmos)

Cosmos provides enterprise-grade blockchain infrastructure and products designed for financial institutions and governments to build, launch, and scale tokenization, payments, and digital currency systems with interoperability and regulatory compliance.

Crypto & Web3Enterprise SoftwareFintech

Co-investorsFactionFigmentPicks and Shovels (Picks & Shovels)

Superstatesuperstate.xyzJan 2026 · $82.5M

Modernizing investing through tokenized financial products.

Dean Swennumson(Founder)in

Co-investorsHack VCBrevan Howard DigitalDistributed GlobalHaun Ventures

Tools for Humanitytoolsforhumanity.comin𝕏May 2023 · $115M

Tools for Humanity develops technology intended for people in the AI era, employing scientists, engineers, economists and creatives.

AI & Machine LearningDeep TechSan Francisco, US

Max Novendstern(Co-founder)inSam Altman(Chairman)Alex Blania(CEO)inThomas Scott(Chief Legal Officer and Secretary)in

Co-investorsBlockchain Capitala16z cryptoDistributed Global

Turnkeyturnkey.ioin𝕏

Turnkey provides crypto wallet infrastructure for coordinating payments across internal, custodial wallets, with policy controls over fund flows, limits, roles, and approvals.

AI & Machine LearningCrypto & Web3CybersecurityData & InfrastructureDeveloper ToolsFintech

Co-investorsVariant FundCircle VenturesSequoia Capital

Turnkeyturnkey.comin𝕏May 2026 · $12.5M

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)in

Co-investorsArchetypeFactionFigmentMirana VenturesPathlight VenturesSequoia Capital+6 more

Variationalvariational.io𝕏May 2026 · $50M

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 CapitalCaladanDragonflyMirana VenturesPeak XV PartnersCoinbase Ventures

Variational Researchvariationalresearch.comin𝕏

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

Worldworldpositive.comin𝕏Jul 2026 · $52.5M

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

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Community LabsDualityPrimitiveScroll

Exits · 1

1 acquisitions

Skipacq. by Interchain Foundation (Cosmos)

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Bain Capital Crypto made?
Bain Capital Crypto has 39 tracked investments, 1 of which have exited, including 13 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 14 of the 22 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 73 tracked co-investors.

From the blog

visit blog ↗

Images

Bain Capital Crypto photoBain Capital Crypto photo

Co-investors · 27

Pantera Capital

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.

$5M – $100M
Hack VC

Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.

$3M
Polychain Capital

Polychain is an investment firm that actively manages portfolios of blockchain-based digital assets, aiming to deliver strong returns for its investors.

Both backed · 3
$100K – $10M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

Both backed · 2
$4.4M – $214M
Maven 11

Maven 11 is a venture firm that partners with founders from the earliest stages, providing hands-on, active support alongside its investments.

Both backed · 2
Felicis Ventures

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.

Both backed · 1
$500K – $15M
Bain Capital Ventures

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.

Both backed · 1
$1M – $100M
Archetype

Archetype is an early-stage venture fund backing crypto founders building new markets and protocols.

Both backed · 1
$100K – $10M
Placeholder VC

Placeholder is a venture capital firm that has invested in over 75 early-stage crypto companies and decentralized networks since 2017.

Both backed · 1
STILLMARK

Stillmark is a venture capital firm that invests in companies building products and infrastructure for a bitcoin-powered future.

Redpoint Ventures

Since 1999, Redpoint Ventures has partnered with visionary founders to create new markets and redefine existing ones. The firm invests early in startups building category-defining companies, from AI and infrastructure to security. Redpoint has backed hundreds of companies, including Netflix, Snowflake, Stripe, Ramp, Twilio, Ramp, and Hims, and today backs the next generation of AI leaders like OpenAI, Legora, Modal, Abridge and Physical Intelligence. Redpoint is based in San Francisco and has offices in New York City and Woodside. For more information visit: http://www.redpoint.com/

$100K – $10M
SV Angel

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.

Similar investors

Featured in lists