English
RussianKain is the founder of Synthetix.
Investors Kain Warwick
Kain Warwick
Tier 3Lead investor
Projects
28
Portfolio market cap
$940.0M
sum across all projects
Raised in these rounds
$400.2M
30 of 30 rounds with disclosed amounts
Tier
Tier 3
Lead investor
About the fund
Portfolio · 28
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 Lido DAOLDO | $0.4579 | $0.7300 | 0.63x | Venture Round | $379.9M | ||
 DeriveDRV | $0.4107 | $0.0500 | 8.2x | Seed Round | $238.6M | ||
 CAPCAP | $0.0660 | $0.0106 | 6.2x | ICO on Uniswap | $103.0M | ||
 AltLayerALT | $0.007945 | $0.008 | 0.99x | Seed Round | $58.5M | ||
 AlloraALLO | $0.2648 | — | — | — | — | $53.1M | |
 EulerEUL | $1.47 | — | — | — | — | $35.3M | |
 FogoFOGO | $0.005258 | $0.0350 | 0.15x | — | — | $27.5M | |
 EnsoENSO | $1.00 | $1.40 | 0.72x | — | — | $20.7M | |
 BalancerBAL | $0.1333 | — | — | — | — | $9.3M | |
 Layer3L3 | $0.002938 | — | — | — | — | $4.6M | |
 SwellSWELL | $0.0008172 | — | — | — | — | $4.3M | |
 Aladdin DAOALD | $0.0122 | — | — | — | — | $1.8M | |
 mStable Governance: MetaMTA | $0.0308 | $0.1500 | 0.21x | — | — | $1.7M | |
 Exactly ProtocolEXA | $0.1500 | — | — | — | — | $817.9K | |
 Push ProtocolPUSH | $0.008764 | $0.0850 | 0.10x | — | — | $790.8K | |
 BarnBridgeBOND | $0.0101 | $1.33 | 0.01x | — | — | $79.7K | |
 MoongateMGT | $0.00007142 | — | — | — | — | $42.0K | |
 BitDAOBIT | $0.6458 | $0.4600 | 1.4x | — | — | — | |
 Opyn SqueethOSQTH | $88.59 | — | — | — | — | — | |
 Firewall | — | — | — | — | — | — | |
 Reya Network (Voltz)REYA | — | — | — | — | — | — | |
 Polymarket | — | — | — | — | — | — | |
 Ammalgam | — | — | — | — | — | — | |
 EarthFast | — | — | — | — | — | — | |
 Euphoria | — | — | — | — | — | — | |
 3Jane | — | — | — | — | — | — | |
 XMTP | — | — | — | — | — | — | |
 Blocknative | — | — | — | — | — | — |
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 · 30
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
| Euphoria | Seed Round | $5.0M | $50.0M | |
| 3Jane | Seed Round | $5.2M | $52.0M | |
| Fogo | Funding Round | $8.0M | $80.0M | |
| Derive Lead | Funding Round | $500.0K | $5.0M | |
| CAP | Pre-seed | $1.9M | $19.0M | |
| EarthFast | Pre-seed | $1.4M | $14.0M | |
| Ammalgam | Seed Round | $2.5M | $25.0M | |
| Moongate | Seed Round | $2.7M | $27.0M | |
| Firewall | Pre-seed | $3.7M | $37.0M | |
| Exactly Protocol Lead | Funding Round | $2.0M | $20.0M | |
| AltLayer | Seed Round | $7.2M | $80.0M | |
| Push Protocol | Series A | $10.1M | $101.0M | |
| Swell | Seed Round | $3.8M | $75.0M | |
| Reya Network (Voltz) | Seed Round | $6.0M | $60.0M | |
 MOBLAND | Strategic Round | $8.0M | $80.0M | |
| Layer3 | Seed Round | $2.5M | $25.0M | |
| Euler | Series A | $8.0M | $80.0M | |
| XMTP | Series A Round | $20.0M | $200.0M | |
| Blocknative | Series A Round | $12.0M | $120.0M | |
| Derive | Seed Round | $3.3M | $50.0M | |
| Allora | Series A | $7.5M | $60.0M | |
| Balancer | Private Sale | $24.2M | $242.5M | |
| BitDAO | Private Sale | $230.0M | $4.60B | |
| XMTP | Seed Round | $5.0M | $50.0M | |
| Enso | Private Round | $5.0M | $50.0M | |
| Opyn Squeeth | Series A | $6.7M | $67.0M | |
| Lido DAO | Strategic Round | $2.0M | $20.0M | |
| Polymarket | Seed Round | $4.0M | $40.0M | |
| BarnBridge | Private Sale | $1.0M | $10.0M | |
| mStable Governance: Meta | Seed Round | $1.0M | $15.0M |
Focus areas
DeFi2
Infrastructure2
Perpetual1
Finance1
Lending Platform1
Blockchain Service1
Artificial Intelligence (AI)1
Co-investors
Stani Kulechov3 shared
Robot Ventures3 shared
Delphi Digital (Delphi Labs)2 shared
ParaFi Capital2 shared
Framework Ventures2 shared
DCF GOD2 sharedFunds that most often back the same projects.