English
RussianCo-founder & CEO Balancer
Investors Fernando Martinelli
Fernando Martinelli
Tier 2
Projects
11
Portfolio market cap
$2.68B
sum across all projects
Raised in these rounds
$107.3M
12 of 12 rounds with disclosed amounts
Tier
Tier 2
About the fund
Portfolio · 11
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 MorphoMORPHO | $2.69 | — | — | — | — | $1.89B | |
 ImmutableIMX | $0.1864 | $0.0375 | 5.0x | — | — | $372.8M | |
 Sonic Labs (prev. Fantom)S | $0.0409 | $0.0273 | 1.5x | — | — | $117.8M | |
 FantomFTM | $0.0378 | $0.0273 | 1.4x | — | — | $106.0M | |
 CAPCAP | $0.0660 | $0.0106 | 6.2x | ICO on Uniswap | $103.0M | ||
 CoW ProtocolCOW | $0.1577 | $0.2300 | 0.69x | Private Round | $90.7M | ||
 SwellSWELL | $0.0008222 | — | — | — | — | $4.3M | |
 ZarosZRS | — | — | — | — | — | $267 | |
 GyroscopeGYFI | — | — | — | — | — | — | |
 Karpatkey | — | — | — | — | — | — | |
 XMTP | — | — | — | — | — | — |
Entry price and ROI come from the source's data for this fund. Stage and date are derived by matching the entry price against the project's rounds; where there is no match, a dash is shown.
Funding rounds · 12
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
| CAP | Pre-seed | $1.9M | $19.0M | |
| Karpatkey | Funding Round | $7.0M | $70.0M | |
| Sonic Labs (prev. Fantom) | Strategic Round | $10.0M | $100.0M | |
| Fantom | Strategic Round | $10.0M | $100.0M | |
| Zaros | Funding Round | $1.8M | $18.0M | |
| Gyroscope | Seed Round | $4.5M | $45.0M | |
| Morpho | Funding Round | $18.0M | $180.0M | |
| CoW Protocol | Private Round | $23.0M | $230.0M | |
| Swell | Seed Round | $3.8M | $75.0M | |
| XMTP | Series A Round | $20.0M | $200.0M | |
| XMTP | Seed Round | $5.0M | $50.0M | |
| Immutable | Seed | $2.4M | $24.0M |
Focus areas
Lending Platform2
DeFi2
Ethereum Ecosystem1
Layer-21
Gaming1
DEX1
Co-investors
Robot Ventures3 shared
Coinbase Ventures2 shared
Hack VC2 shared
Kraken2 shared
Cherry Ventures2 shared
Andreessen Horowitz (a16z)1 sharedFunds that most often back the same projects.