English
RussianFounder and CEO of Aave and ETHLend. He is an experienced businessman with extensive knowledge of blockchain, cryptocurrencies and financial technology.
Investors Stani Kulechov
Stani Kulechov
Tier 2Lead investor
Projects
49
Portfolio market cap
$14.76B
sum across all projects
Raised in these rounds
$690.5M
50 of 51 rounds with disclosed amounts
Tier
Tier 2
Lead investor
About the fund
Portfolio · 49
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 NEAR ProtocolNEAR | $5.01 | $0.1739 | 29x | — | — | $6.55B | |
 EthenaENA | $0.2503 | — | — | — | — | $2.59B | |
 Ondo FinanceONDO | $0.5030 | $0.0130 | 39x | Seed Round | $2.45B | ||
 LayerZeroZRO | $2.02 | — | — | — | — | $808.1M | |
 ether.fiETHFI | $0.7615 | — | — | — | — | $735.1M | |
 Lido DAOLDO | $0.4591 | $0.7300 | 0.63x | Venture Round | $380.9M | ||
 ImmutableIMX | $0.1864 | $0.0375 | 5.0x | — | — | $372.8M | |
 DeriveDRV | $0.4012 | $0.0500 | 8.0x | Seed Round | $233.1M | ||
 Sonic Labs (prev. Fantom)S | $0.0407 | $0.0273 | 1.5x | — | — | $117.2M | |
 FantomFTM | $0.0378 | $0.0273 | 1.4x | — | — | $106.0M | |
 RedStoneRED | $0.1791 | — | — | — | — | $95.6M | |
 AlloraALLO | $0.2648 | — | — | — | — | $53.1M | |
 AztecAZTEC | $0.0172 | $0.0470 | 0.37x | Public Sale | $49.4M | ||
 MovementMOVE | $0.0103 | — | — | — | — | $46.3M | |
 IlluviumILV | $4.15 | $2.00 | 2.1x | — | — | $30.5M | |
 Frax (prev. FXS)FRAX | $0.2982 | — | — | — | — | $27.9M | |
 BiconomyBICO | $0.0218 | $0.0750 | 0.29x | — | — | $21.8M | |
 EnsoENSO | $0.9998 | $1.40 | 0.71x | — | — | $20.6M | |
 SolendSLND | $0.1950 | $0.6500 | 0.30x | — | — | $19.5M | |
 JOEJOE | $0.0407 | — | — | — | — | $18.6M | |
 InfinexINX | $0.006011 | — | — | — | — | $12.0M | |
 Gearbox ProtocolGEAR | $0.0006568 | $0.0025 | 0.26x | — | — | $6.6M | |
 SyndicateSYND | $0.007178 | — | — | — | — | $3.4M | |
 Wrapped NCGWNCG | $0.004303 | $0.0500 | 0.09x | — | — | $3.2M | |
 ParaSwapPSP | $0.00123 | $0.0096 | 0.13x | — | — | $916.3K | |
 GelatoGEL | $0.001816 | $0.1450 | 0.01x | — | — | $512.8K | |
 Superfluid | $0.00389 | — | — | — | — | $397.7K | |
 BarnBridgeBOND | $0.0100 | $1.33 | 0.01x | — | — | $79.4K | |
 Vega ProtocolVEGA | — | $0.7700 | — | — | — | $57.2K | |
 Float ProtocolBANK | $0.1728 | — | — | — | — | $56.0K | |
 FurucomboCOMBO | — | $2.25 | — | — | — | $17.3K | |
 Charged ParticlesIONX | $0.0001133 | $0.1250 | 0.00x | — | — | $11.3K | |
 Opyn SqueethOSQTH | $88.34 | — | — | — | — | — | |
 Omni NetworkOMNI | $0.1757 | $0.8400 | 0.21x | — | — | — | |
 Dune AnalyticsDUNE | — | — | — | — | — | — | |
 Orb.club | — | — | — | — | — | — | |
 Llama | — | — | — | — | — | — | |
 Reya Network (Voltz)REYA | — | — | — | — | — | — | |
 Polymarket | — | — | — | — | — | — | |
 RISE Chain | — | — | — | — | — | — | |
 Karpatkey | — | — | — | — | — | — | |
 Cryptio | — | — | — | — | — | — | |
 Chronicle | — | — | — | — | — | — | |
 XMTP | — | — | — | — | — | — | |
 Bloom | — | — | — | — | — | — | |
 Lemon | — | — | — | — | — | — | |
 Huddle01 | — | — | — | — | — | — | |
 Blocknative | — | — | — | — | — | — | |
 Tare | — | — | — | — | — | — |
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 · 51
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
| Tare | Seed Round | $13.2M | $132.5M | |
| Lemon | Series B | $20.0M | $200.0M | |
| Bloom | Pre-seed | $1.6M | $16.0M | |
| Chronicle | Seed Round | $12.0M | $120.0M | |
| Karpatkey | Funding Round | $7.0M | $70.0M | |
| Infinex | NFT Sale | $65.3M | $652.9M | |
| RISE Chain | Seed Round | $3.2M | $32.0M | |
| Sonic Labs (prev. Fantom) | Strategic Round | $10.0M | $100.0M | |
| Fantom | Strategic Round | $10.0M | $100.0M | |
| Movement | Series A | $38.0M | $380.0M | |
| Reya Network (Voltz) | Funding Round | $10.0M | $100.0M | |
| ether.fi | Series A | $27.0M | $270.0M | |
| Ethena | Seed Extension Round | $14.0M | $300.0M | |
| Llama | Seed Round | $6.0M | $60.0M | |
| Orb.club | Funding Round | $2.3M | $23.0M | |
| RedStone Lead | Angel | — | — | |
| Huddle01 | Seed Round | $4.5M | $45.0M | |
| LayerZero | Series A | $135.0M | $1.00B | |
| NEAR Protocol | Funding Round | $150.0M | $1.50B | |
| Reya Network (Voltz) | Seed Round | $6.0M | $60.0M | |
| Aztec | Series A | $17.0M | $170.0M | |
| Ondo Finance | Seed Round | $4.0M | $130.0M | |
| Solend | Seed | $6.5M | $65.0M | |
| JOE | Seed Round | $5.0M | $50.0M | |
| Float Protocol | Funding Round | $1.2M | $12.0M | |
| Gelato | Series A | $11.0M | $110.0M | |
| Wrapped NCG | Strategic Round | $2.6M | $50.0M | |
| XMTP | Series A Round | $20.0M | $200.0M | |
| Superfluid | Seed Round | $9.0M | $90.0M | |
| Biconomy | Private Round | $9.0M | $75.0M | |
| Syndicate | Community Round | $800.0K | $8.0M | |
| Blocknative | Series A Round | $12.0M | $120.0M | |
| Derive | Seed Round | $3.3M | $50.0M | |
| Allora | Series A | $7.5M | $60.0M | |
| Gearbox Protocol | SAFT | $2.3M | $25.0M | |
| Cryptio | Seed Round | $1.2M | $12.0M | |
| XMTP | Seed Round | $5.0M | $50.0M | |
| Charged Particles | Seed Round | $1.0M | $20.0M | |
| Enso | Private Round | $5.0M | $50.0M | |
| Charged Particles | Pre-seed Round | $750.0K | $5.0M | |
| Vega Protocol | Strategic Round | $5.5M | $50.0M | |
| Opyn Squeeth | Series A | $6.7M | $67.0M | |
| Syndicate | Seed Round | $1.0M | $10.0M | |
| Furucombo | Seed Round | $1.9M | $18.5M | |
| Lido DAO | Strategic Round | $2.0M | $20.0M | |
| Polymarket | Seed Round | $4.0M | $40.0M | |
| Dune Analytics | Seed Round | $2.0M | $20.0M | |
| ParaSwap | Seed | $2.7M | $27.0M | |
| BarnBridge | Private Sale | $1.0M | $10.0M | |
| Immutable | Seed | $2.4M | $24.0M | |
| Aztec | Seed Round | $2.1M | $21.0M |
Focus areas
DeFi3
Layer-22
Blockchain1
Coinlist Launchpad1
Crypto Treasury Assets1
Real World Assets Protocols1
Cross-Chain Communication1
Co-investors
Coinbase Ventures8 shared
Andreessen Horowitz (a16z)4 shared
Arrington Capital4 shared
ParaFi Capital4 shared
Amber Group4 shared
CoinFund4 sharedFunds that most often back the same projects.