Wintermute — 2025 Investments
4 investments dated 2025 · listed companies and verified rows first · show all
Codex provides institutional fiat-to-stablecoin and stablecoin-to-fiat conversion, letting businesses swap currencies like USD, EUR, and GBP into USDC and USDT through a single counterparty with wholesale FX rates and local settlement.
Crypto & Web3Fintech
Haonan Li(Founder)Momo Ong(Founder)Victor Yaw(Founder)
Co-investorsCoinbase VenturesDragonflyCircle VenturesMirana VenturesReverieCircle & Co.+3 more
Ostium is a decentralized perpetual futures exchange for trading stocks, commodities, forex, and indices with leverage directly from a crypto wallet.
Crypto & Web3Fintech
Kaledora Kiernan-Linn(Cofounder)Marco Antonio Ribeiro(Cofounder)
Co-investorsGeneral CatalystAlliance DAO (ex DeFi Alliance)Crucible CapitalEnigma FundLocalGlobeSoma Capital+7 more
Pave offers subscription memberships that help consumers build their credit score using tools like credit-building payments and bills protection, without requiring a hard credit check.
ConsumerFintechLondon, GB
Sho Sugihara(Founding CEO)inChris Butcher(Founding CTO)in
Co-investorsEntrepreneur FirstAccelAndreessen HorowitzBackend CapitalContraryHelios Digital Ventures+6 more
Pave designs and builds space hardware, including propulsion systems, space-ready avionics, and dedicated engine test infrastructure.
Deep TechHardwareSpace TechVilleneuve, CH
Julie Böhning(Founder)Jérémy Marciacq(Founder)
Co-investorsAtlanticb2ventureCreandumMotier VenturesSistaVisionaries Club+11 more
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.





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