Fundraising Fox

Caladan

Crossover fundoperating company · company profile

Pre-Seed–Series A · 12 people tracked

Find your way into Caladan

5,758 people in our graph share verified history with the Caladan team — schools, employers, funds. One of them is your warm intro.

James Detweilerunlockedknows Eva Weng · together at Morgan Stanley (overlapped)
×2knows the team · via Morgan Stanley
×3knows the team · via Massachusetts Institute of Technology
×4knows the team · via Goldman Sachs
knows the team · via IBM
knows the team · via Heidelberg University
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Investment thesis

Caladan operates at the frontier of finance, focusing on crypto and digital-asset markets. Since 2017 it has been a pioneer in crypto market-making, supporting exchanges, token issuers, and institutional investors with on-exchange liquidity, DeFi expertise, treasury solutions, and direct investments. The firm aims to make markets more efficient and honest, powering over $170B in annual transactions across more than 1000 assets. Its investment activity is one component of a broader trading and liquidity operation.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Instruments
Equity
Founded
2017
Tracked investments
43
Unicorns
1

Team · 12 people

from the firm's website & public directories
Brian Burns· Executive Officer

What they invest in

from 35 of 43 portfolio companies

Crypto & Web3 ×29Fintech ×18Data & Infrastructure ×11AI & Machine Learning ×10Developer Tools ×4Enterprise Software ×4Cloud Computing ×3Deep Tech ×3

HQs:United States×10South Korea×1Singapore×1

Who they back

founder profiles across 23 portfolio companies
48%
solo founders
11 of 23 mapped founding teams
67%
repeat founders
of 27 founders with career history

Founding team size:solo founder×112 founders×103 founders×2

Where their founders studiedfrom 25 founders with education data

Harvard University ×2Massachusetts Institute of Technology ×2Pontificia Universidad Católica de Chile ×2Stanford University ×2University of British Columbia ×2

What their founders studiedfrom 24 founders with field-of-study data

Computer Science ×10Engineering ×7Economics ×4Finance & Accounting ×2Mathematics & Statistics ×2

Where their founders worked beforefrom 27 founders with career history

Bridgewater Associates ×2Facebook ×2Genesis ×2Goldman Sachs ×2McKinsey & Company ×2YPO ×2

3 founders hold a PhD · 1 hold an MBA (of 26 with degree data)

Investments · 43 tracked

founders shown can be your intro path
Optimumgetoptimum.xyz𝕏✓ verified

Optimum applies Random Linear Network Coding (RLNC) to speed up blockchain data propagation, encoding transactions, blocks, and data blobs into resilient packets to reduce latency and bandwidth use.

Crypto & Web3Data & InfrastructureDeep Tech

Muriel Médard(Co-founder)inKishori Konwar(Co-founder)inKent Lin(Co-founder)in

Co-investors1kxGSRRobot VenturesTriton Capital1k(x)AlphaLab Capital+2 more

Agoraagora.xyz𝕏

Agora builds a governance platform for crypto protocols, enabling onchain community coordination around protocol upgrades and ecosystem funding.

Crypto & Web3GovTech

Yitong Zhang(Founder)Jarrah Kandeh(Founder)inNick van Eck(CEO)in

Co-investorsAlephAlphaLab CapitalDragonflyHack VCHaun VenturesInsight Partners+6 more

AI-powered research platformkaito.ai

Kaito.ai is an AI-powered Web3 information platform combining crypto-native search, market intelligence and attention data.

Seattle, US

Yunzhong He(Founder)Yu Hu(Founder)in

Co-investorsAlphaLab CapitalHyperithm

Artemisartemis.xyzin𝕏

Artemis Sheets is a financial data plugin for Excel and Google Sheets that lets users pull crypto token metrics and fundamental data via an =ART() formula.

AI & Machine LearningCrypto & Web3Data & InfrastructureFintech

Anthony Yim(Co-founder)in

Co-investorsAlphaLab CapitalFikaVariant Fund

AstroForgeastroforge.ioin𝕏

AstroForge builds low-cost spacecraft for tracking and mining metal-rich asteroids in deep space, targeting platinum group metals extraction for industrial and space applications.

Advanced ManufacturingDeep TechHardwareNew MaterialsRoboticsSpace TechLos Angeles, US

Matt Gialich(Founder/CEO)inJose Acain(Executive Officer, Director)in

BoardJustin Hamilton(Director)

Co-investorsKohala VenturesOutliers FundPalm Drive CapitalUndeterred CapitalWayfinder VenturesY Combinator+4 more

AstroForgeastroforge.comin𝕏

AstroForge is a space mining company that extracts platinum group metals and other valuable materials from asteroids to integrate into Earth's supply chains.

Deep TechHardwareNew MaterialsSpace Tech

Matt Gialich(CEO and Co-Founder)in

Co-investorsAera VCAmbush CapitalIndustrious VenturesNight Capital468 CapitalUncorrelated Ventures+1 more

Beraberachain.com𝕏

Berachain is a Layer 1 blockchain network built around a Proof of Liquidity mechanism that directs block reward emissions as non-dilutive growth capital to ecosystem applications in exchange for revenue sharing with the network and tokenholders.

Crypto & Web3Developer ToolsFintech

Smokey the Bera(Founder)

Co-investorsAlphaLab CapitalArrington CapitalBorderless VentureCVP NoLimitHack VCHash3 Capital+13 more

Bitlayerbitlayer.orgin𝕏

Bitlayer is a Bitcoin-focused blockchain infrastructure project offering YBTC (yield-bearing BTC), multichain support, and BTC deposit and trading functionality.

Crypto & Web3Data & InfrastructureFintech

Charlie Hu(Founder)inKevin He(Founder)in

Co-investors57Blocks CapitalABCDE CapitalAlphaLab CapitalBaseTwoNxGenOptic Capital+10 more

Cap Labscap.app

Cap is a three-sided onchain platform for USD yield, private credit and financial guarantees, headquartered in New York.

New York, US

Co-investorsAlphaLab CapitalBreedFlowdeskFourth Revolution Capital (4RC)HyperithmPaper Ventures+5 more

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 CapitalBain Capital CryptoBlockchain CapitalCoinbase VenturesDigital Currency Group+18 more

Concordiaconcordia.systems𝕏

Concordia is an adaptive risk layer for DeFi that uses an AI engine to manage collateral, liquidation, and market risk across protocols.

AI & Machine LearningCrypto & Web3Fintech

Co-investorsAlphaLab CapitalOptic CapitalSaison Capital

Cross-chain communicationsnotifi.network

Seattle, US

Paul Kim(Founder)in

Co-investorsAlphaLab CapitalLongHash VenturesStruck CapitalWintermuteHashedRace Capital

DeFi on Hyperliquidhyperdrive.fi𝕏

Hyperdrive is a stablecoin money market focused on stablecoin lending, built on the Hyperliquid blockchain.

Crypto & Web3Fintech

Co-investorsAlphaLab CapitalPharsalus Capital

Digital asset trade executioneulith.com

Eulith offers technology and financial services that let asset managers and accredited investors access and manage capital on-chain, with a focus on security, risk management, and performance.

Crypto & Web3Fintech

Co-investorsAlphaLab Capital

Doppeldoppel.comin𝕏

Doppel is an AI-native platform that protects organizations from social engineering attacks, AI-powered impersonation, phishing, and fraud through threat detection, infrastructure disruption, and employee security awareness training.

AI & Machine LearningCybersecurityEnterprise SoftwareCovina, US

Kevin Tian(Executive Officer, Director)inRahul Madduluri(Executive Officer, Director)inBobby Ford(Chief Security Officer)in

BoardZane Lackey(Director)inElliott Robinson(Director)in

Co-investorsAndreessen HorowitzBessemer Venture PartnersScript CapitalSozo Ventures9Yards CapitalNTT DOCOMO Ventures+6 more

EDU Chaineduchain.xyzin𝕏

EDU Chain is a blockchain network for education that uses its native $EDU token for gas and governance through the Open Campus DAO.

Crypto & Web3EdTech

Co-investorsAlphaLab Capital

Ethena Labsethena.fi𝕏

Ethena operates a crypto protocol offering USDe, a digital dollar, and sUSDe, a reward-accruing asset backed by collateralized assets with third-party attestations.

Crypto & Web3Fintech

Guy Young(Founder & CEO)in

Co-investorsAlphaLab CapitalBitDAOBreedCVP NoLimitF-Prime CapitalFaction+17 more

EVM-compatible Bitcoin Layer 2merlinchain.io𝕏

Merlin Chain is a Bitcoin Layer 2 network that is EVM-compatible and uses ZK-Rollup technology, supporting Bitcoin protocols such as BRC20, BRC420, Bitmap, Atomicals, Pipe, and Stamp.

Crypto & Web3Data & Infrastructure

Co-investorsAlphaLab CapitalGenerative VenturesOnePiece LabsStratified CapitalKuCoin Labs

Fountainjoinfountain.xyzin𝕏

Fountain is a no-code automation platform for on-chain treasury operations, risk management, and trading execution, letting users build multi-condition workflows that interact with protocols and dApps.

Crypto & Web3Enterprise SoftwareFintech

Co-investorsNathan McCauleyRene ReinsbergAlphaLab CapitalDCM

Kaia Decentralized infra Digital Assetkaia.ioin𝕏

Kaia is an EVM-compatible Layer 1 blockchain focused on stablecoin settlement and onchain finance, targeting users and businesses across Asia.

Cloud ComputingCrypto & Web3Fintech

Co-investorsAlphaLab CapitalBlockchain Capital1kx

Koywekoywe.comin𝕏

Koywe provides financial services and regulatory compliance solutions for companies across Latin America, with operations in Chile, Argentina, Colombia, Brazil, Bolivia, Mexico, Peru, and the United States.

Crypto & Web3FintechMiami, US

Ignacio Detmer(Co-fundador & CEO)inGuillermo Acuña(Co-fundador & CTO)inIgnacio D(Founder)in

Co-investorsAlphaLab CapitalManutara VenturesNazcaStartupsTantaucoY Combinator

Lava Networklavanet.xyzin𝕏

Lava Network provides decentralized RPC access for interacting with blockchains, handling requests such as trading, swapping, deploying, and staking across multiple chains.

Crypto & Web3Data & InfrastructureDeveloper Tools

YairGil

Co-investorsAlliance DAO (ex DeFi Alliance)AlphaLab CapitalBlack DragonBreakOrbitDivergenceNIV+10 more

M^0m0.orgin𝕏

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 CapitalGSRSCB 10XSolari CapitalStandard CryptoWintermute+2 more

Mantramantrachain.ioMar 2024

MANTRA is a modular, compliance-oriented Layer 1 blockchain built for DeFi and real-world asset (RWA) tokenization.

Co-investorsLvna CapitalShorooq PartnersWWVentures14WAlumni VenturesBaleon Capital+7 more

Monadmonad.xyzin𝕏

Monad is a high-performance EVM-compatible blockchain designed for fast, low-cost transactions.

Cloud ComputingCrypto & Web3Data & Infrastructure

Keone Hon(Founder & CEO)in

Co-investorsAlphaLab CapitalAmbush CapitalArchetypeBankless VenturesBig Brain HoldingsBloccelerate VC+23 more

More Marketsmoremarkets.xyz

More Markets is a decentralized trading platform building automated leveraged yield strategies on the Morpho lending protocol.

Altan Tutar(Founder)in

Co-investorsAlphaLab CapitalElectric CapitalFabric Ventures

Nakamotonakamoto.comin𝕏

Nakamoto builds digital treasury management solutions with a focus on security, transparency, and innovation for financial institutions and organizations managing digital assets.

Crypto & Web3FintechMedia & EntertainmentNashville, US

David Bailey(CEO & Chairman)inTyler Evans(Chief Investment Officer)inAmanda Fabiano(Chief Operating Officer)inTeri Gendron(Chief Financial Officer)inLana Tkachov(Chief of Staff)inJohn Dalton(CAO & Controller)in

Co-investorsACTAI VenturesAlphaLab CapitalSora Ventures

NFT marketplace on Solanamefoundation.com𝕏

$ME is a cross-chain crypto token and suite of trading, minting, and wallet protocols for NFTs and fungible tokens, adopted by Magic Eden as its official token.

Crypto & Web3

Co-investorsAlphaLab Capital

OG Labs0g.aiin𝕏

0G (Zero Gravity) is a blockchain infrastructure stack for AI applications, combining an EVM-compatible Layer 1 chain, a distributed storage network, a compute network, and a scalable data availability layer.

AI & Machine LearningCrypto & Web3Data & Infrastructure

Ming Wu(Founder)inMichael Heinrich(Founder)in

Co-investorsAbstract VenturesAlphaLab CapitalAnimoca BrandsBaseTwoBlockchain BuildersDelta Blockchain+14 more

Particle Networkparticle.networkin𝕏

Particle Network provides developer infrastructure for onchain applications, including Universal Accounts that let users access dApps with assets from any blockchain without bridging, account abstraction for gas sponsorship and removing signature popups, and social logins for one-click onboarding.

Crypto & Web3Data & InfrastructureDeveloper Tools

Pengyu Wang(Founder)in

Co-investorsAlphaLab CapitalArcane GroupBitDAOFOMO VenturesInception Capital (ex OP Crypto)LongHash Ventures+8 more

Perle AIperle.aiin𝕏

Perle provides expert-driven data services for AI teams, supplying credentialed specialists to handle data collection, labeling, quality assurance, evaluation, and RLHF/RLAIF for tasks that generic crowd-worker vendors can't judge.

AI & Machine LearningData & InfrastructureEnterprise SoftwareRoboticsSan Francisco, US

Ahmed Rashad(Founder)in

Co-investorsACTAI VenturesAlphaLab CapitalBig Brain HoldingsBreedCoinFundPaper Ventures+2 more

plume.org PLUMEplume.orgin𝕏

Plume provides a platform for tokenizing and distributing real-world assets (RWAs) on blockchain infrastructure.

Crypto & Web3Fintech

Eugene Y. Q. Shen(Founder)inChris Yin(Founder)in

Co-investorsAlphaLab CapitalTruth Ventures

Pontem Networkpontem.networkin𝕏

Pontem is a product development studio building blockchain products using the Move language on Aptos and other Layer 1 networks.

Crypto & Web3Developer ToolsFintech

Alejo Pinto(Founder)inArman Manukyanin

Co-investorsAlphaLab CapitalPantera CapitalWintermuteWWVenturesAnimoca BrandsFaction+1 more

SF Computesfcompute.com𝕏

San Francisco Compute sells time on large-scale GPU clusters through contracts that customers can exit by reselling capacity on its liquid market.

AI & Machine LearningCloud ComputingData & InfrastructureMarketplacesSan Francisco, US

Co-investorsAlphaLab CapitalAngel Collective Opportunity FundDeep AcreElectric CapitalMoth FundPredictive VC+3 more

Treehousetreehouse.financein𝕏

Treehouse builds fixed income infrastructure for digital assets, combining yield primitives, benchmark rates (such as the Treehouse Ethereum Staking Rate), and a participation layer.

Crypto & Web3FintechSingapore, SG

Brandon G(Founder)Brandon Goh(Founder)inBryan Goh(Founder)in

Co-investorsAlphaLab CapitalMirana VenturesWintermuteCrane Venture Partners

Usdusd.aiin𝕏

USD.ai offers a stablecoin-based platform for financing AI compute infrastructure, letting users earn yield or borrow to fund the machines behind AI data centers.

AI & Machine LearningCrypto & Web3Fintech

Co-investorsAlphaLab CapitalBig Brain HoldingsBreedFramework Ventures

Vanavana.org𝕏

Vana is an open data infrastructure platform that enables individuals to control and manage the data they generate, with the ability to choose how it is used by AI systems.

AI & Machine LearningData & Infrastructure

Art Abal(Founder)

Co-investorsAbstract VenturesAlphaLab CapitalEarl Grey CapitalParadigmSCB 10XSymbolic Capital+7 more

Variationalvariational.io𝕏

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 CapitalMirana VenturesPeak XV PartnersBain Capital CryptoCoinbase VenturesDragonfly

Worldworld.orgin𝕏

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-investorsAndreessen HorowitzBain Capital CryptoBlockchain CapitalKhosla Venturesa16z cryptoAlphaLab Capital+9 more

Zentryzentry.com𝕏

Zentry builds a human-agentic operating system that integrates AI agents, gamified applications, and data infrastructure to enable human-AI co-evolution.

AI & Machine LearningCrypto & Web3Gaming

Co-investorsAnimoca BrandsCoinbase VenturesDeFiance CapitalPantera CapitalSkyVision CapitalAlphaLab Capital+2 more

Other

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

Exocore Liquid RestakingOmnichain & BTC DeFiWeb3 sub-account (ERC-6551) marketplace

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Caladan made?
Caladan has 43 tracked investments.
What stage does Caladan invest at?
Caladan invests at the Pre-Seed, Seed, Series A stages.
What sectors does Caladan focus on?
Caladan focuses on Crypto & Web3, Fintech.
Who does Caladan co-invest with?
Caladan most often shares deals with AlphaLab Capital, Wintermute, Breed, among 155 tracked co-investors.

From the blog

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Recent posts cover the state of crypto derivatives markets in 2026: declining spot exchange volume and volatility alongside growth of real-world-asset perpetuals, Binance.US pursuing a CFTC license amid the prediction-markets debate, and BitMEX's shutdown with the spread of perpetual swaps into traditional finance. AI summary

Media · Podcasts & interviews

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