Pre-Seed–Series A · 11 people tracked
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.
Team · 11 people
from the firm's website
What they invest in
from 33 of 42 portfolio companiesCrypto & Web3 ×27Fintech ×16Data & Infrastructure ×12AI & Machine Learning ×9Developer Tools ×4Enterprise Software ×4Deep Tech ×3Cloud Computing ×2
HQs:United States×8Singapore×1
Who they back
founder profiles across 18 portfolio companiesFounding team size:solo founder×102 founders×63 founders×2
Where their founders studiedfrom 11 founders with education data
Massachusetts Institute of Technology ×2Pontificia Universidad Católica de Chile ×2
Where their founders worked beforefrom 13 founders with career history
Facebook ×2YPO ×2
Investments · 42 tracked
founders shown can be your intro pathAgora 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)
Co-investorsAlephAlphaLab CapitalDragonflyHack VCHaun VenturesInsight Partners+6 more
Seattle, US
Yunzhong He(Founder)
Co-investorsAlphaLab CapitalHyperithm
Artemis provides fundamental data and metrics for digital finance, covering crypto companies and protocols.
Crypto & Web3Data & InfrastructureFintech
Anthony Yim(Founder)in
Co-investorsAlphaLab CapitalFikaVariant Fund
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)
BoardJustin Hamilton(Director)
Co-investorsKohala VenturesOutliers FundPalm Drive CapitalUndeterred CapitalWayfinder VenturesY Combinator+2 more
AstroForge develops low-cost, replicable spacecraft designed to track and mine metal-rich asteroids in deep space, targeting the extraction of platinum group metals.
Deep TechHardwareSpace Tech
Co-investorsAera VCAmbush CapitalIndustrious VenturesNight Capital468 CapitalUncorrelated Ventures+1 more
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 NoLimitHash3 CapitalHypersphere Ventures+11 more
Bitlayer is a Bitcoin-focused blockchain infrastructure project offering YBTC (yield-bearing BTC), multichain support, and BTC deposit and trading functionality.
Crypto & Web3Data & InfrastructureFintech
Co-investors57Blocks CapitalABCDE CapitalAlphaLab CapitalBaseTwoNxGenOptic Capital+10 more
Co-investorsAlphaLab CapitalBreedFlowdeskFourth Revolution Capital (4RC)HyperithmPaper Ventures+1 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 CapitalBain Capital CryptoBlockchain CapitalCoinbase VenturesDigital Currency Group+18 more
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
Seattle, US
Paul Kim(Founder)in
Co-investorsAlphaLab CapitalLongHash VenturesStruck CapitalWintermuteHashedRace Capital
Hyperdrive is a stablecoin money market focused on stablecoin lending, built on the Hyperliquid blockchain.
Crypto & Web3Fintech
Co-investorsAlphaLab CapitalPharsalus Capital
Co-investorsAlphaLab Capital
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)Bobby Ford(Chief Security Officer)
BoardZane Lackey(Director)inElliott Robinson(Director)in
Co-investorsAndreessen HorowitzBessemer Venture PartnersScript CapitalSozo Ventures9Yards CapitalNTT DOCOMO Ventures+6 more
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 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
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 LabsKuCoin Labs
Co-investorsAlphaLab CapitalCVP NoLimitD1 VenturesNo Limit Holdings (NLH)
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 is an EVM-compatible Layer 1 blockchain focused on stablecoin settlement and onchain finance, offering 1-second blocks and instant finality for exchange flows, FX settlement, and institutional transfers.
Co-investorsAlphaLab CapitalBlockchain Capital1kx
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(Founder)inGuillermo Acuña(Founder)inIgnacio D(Founder)in
Co-investorsAlphaLab CapitalNazcaStartupsTantaucoY Combinator
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
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
Monad is a high-performance EVM-compatible blockchain designed for fast, low-cost transactions.
Cloud ComputingCrypto & Web3Data & Infrastructure
Co-investorsAlphaLab CapitalAmbush CapitalArchetypeBankless VenturesBig Brain HoldingsBloccelerate VC+23 more
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
Nakamoto is a Bitcoin company with a Bitcoin-denominated balance sheet operating three business lines: media and information services through BTC Inc., financial and asset management via UTXO Management, and advisory and consulting for Bitcoin-native companies.
Crypto & Web3FintechMedia & Entertainment
Co-investorsACTAI VenturesAlphaLab CapitalSora Ventures
$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
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
Co-investorsAlphaLab CapitalBitDAOBorderless VentureFactionHyperithmMantle Network+2 more
Optimum is a chain-agnostic data acceleration network that uses Random Linear Network Coding (RLNC) to make block and payload propagation across blockchains faster and more bandwidth efficient, running as a sidecar without changes to consensus or protocol rules.
Crypto & Web3Data & InfrastructureDeep Tech
Muriel Médard(CEO)inKishori KonwarinKent Lin(Head of Business Development)in
Co-investors1k(x)1kxAlphaLab CapitalLongHash VenturesVarys CapitalRobot Ventures
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
Co-investorsAlphaLab CapitalArcane GroupBitDAOFOMO VenturesInception Capital (ex OP Crypto)LongHash Ventures+5 more
Perle provides human expert data services for AI teams, including expert-labeled training data, model evaluation, red-teaming, bias auditing, and multi-sensor robotics data collection.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Francisco, US
Ahmed Rashad(Founder)in
Co-investorsACTAI VenturesAlphaLab CapitalBig Brain HoldingsBreedCoinFundPaper Ventures+2 more
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 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 CapitalWintermuteWWVenturesFactionMechanism Capital
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
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)
Co-investorsAlphaLab CapitalMirana VenturesWintermuteCrane Venture Partners
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
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+2 more
Variational is a peer-to-peer, on-chain protocol for trading, clearing, and settlement of derivatives including perpetual futures and options.
Crypto & Web3Fintech
Edward Yu(Founder)in
Co-investorsAlphaLab CapitalMirana VenturesPeak XV Partners
Co-investorsAlphaLab Capital
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 HorowitzBain Capital CryptoBlockchain CapitalKhosla Venturesa16z cryptoAlphaLab Capital+9 more
Zentry is building a "Human-Agentic OS" that combines human activity, agentic AI, and user-owned data into a blockchain-based platform, with layers for data (zDATA), AI agents (zAI), and an agentic web terminal (zTERMINAL).
AI & Machine LearningCrypto & Web3Gaming
Co-investorsAnimoca BrandsCoinbase VenturesDeFiance CapitalPantera CapitalSkyVision CapitalAlphaLab Capital+2 more
Portfolio news
latest coverage across their companiesNakamoto · cryptobriefing.com · Aug 23, 2026
Ethena Labs · interactivecrypto.com · Aug 21, 2026
Optimum · finance.yahoo.com · Aug 14, 2026
plume.org PLUME · pluang.com · Aug 13, 2026
SF Compute · datacenterdynamics.com · Jul 27, 2026
Monad · crypto-economy.com · Jul 17, 2026
Koywe · newmarketpitch.com · Jul 13, 2026
Variational · startup.economictimes.indiatimes.com · May 22, 2026
Frequently asked questions
- How many investments has Caladan made?
- Caladan has 40 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 151 tracked co-investors.
From the blog
visit blog ↗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
from their channel8. Institutions at the Edge: The Infrastructure Builders’ Perspective | Signal @ Token2049 SG
Caladan
9. Building Institutional Bridges: Foundations and the Future of Capital | Signal @ Token2049 SG
Caladan
5. Passive vs Active Strategies The Best Way to Build Exposure to Crypto | Signal @ Token2049 SG
Caladan
3. The Hunt for Yield Funds vs Protocols on the Future of On Chain Returns | Signal @ Token2049 SG
Caladan
10. Derivatives in Disruption Shaping the Next Market Cycle | Signal @ Token2049 SG
Caladan
2. Beyond Lockups How Liquid Funds Are Shaping the Next Cycle | Signal @ Token2049 SG
Caladan
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