English
RussianWintermute is a truly value adding investor dedicated to supporting the innovation in the blockchain ecosystem.
Investors Wintermute
Wintermute
Tier 2
Projects
74
Portfolio market cap
$8.35B
sum across all projects
Raised in these rounds
$1.65B
76 of 80 rounds with disclosed amounts
Tier
Tier 2
About the fund
Portfolio · 74
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 EthenaENA | $0.2503 | — | — | — | — | $2.59B | |
 Ondo FinanceONDO | $0.5030 | $0.0200 | 25x | Series A | $2.45B | ||
 MorphoMORPHO | $2.69 | — | — | — | — | $1.89B | |
 Pyth NetworkPYTH | $0.0796 | — | — | — | — | $627.1M | |
 BackpackBP | $1.27 | — | — | — | — | $316.7M | |
 dYdXDYDX | $0.1482 | — | — | — | — | $125.4M | |
 CentrifugeCFG | $0.1512 | $0.0350 | 4.3x | Development Grants | $87.3M | ||
 TempusTEMP | — | $0.1250 | 1.4x | — | — | $43.0M | |
 UMAUMA | $0.4058 | $0.9630 | 0.42x | — | — | $37.6M | |
 ClearpoolCPOOL | $0.0372 | $0.0233 | 1.6x | — | — | $36.7M | |
 EulerEUL | $1.46 | — | — | — | — | $35.0M | |
 WOOWOO | $0.0138 | $0.0260 | 0.53x | — | — | $26.1M | |
 TaikoTAIKO | $0.0931 | $2.00 | 0.05x | — | — | $20.3M | |
 SynFuturesF | $0.003478 | — | — | — | — | $17.0M | |
 BasedBASED | $0.0625 | — | — | — | — | $14.7M | |
 InfinexINX | $0.00602 | — | — | — | — | $12.0M | |
 TreehouseTREE | $0.0476 | — | — | — | — | $7.4M | |
 UsualUSUAL | $0.0134 | — | — | — | — | $6.6M | |
 HashflowHFT | $0.007029 | $0.4000 | 0.02x | — | — | $6.6M | |
 Index CooperativeINDEX | $0.2806 | — | — | — | — | $2.0M | |
 Push ProtocolPUSH | $0.008902 | $0.0850 | 0.10x | — | — | $803.3K | |
![Router Protocol [OLD]](/img/px?u=aHR0cHM6Ly9kcm9wc3RhYi5jb20vX2dhdGV3YXkvc3RhdGljL2ltYWdlcy9yb3V0ZS5wbmc=){kind=small} Router Protocol [OLD]ROUTE | $0.0411 | $0.2167 | 0.19x | — | — | $689.5K | |
 HumanodeHMND | $0.001598 | $0.0500 | 0.03x | — | — | $430.3K | |
 Ithaca ProtocolITHACA | $0.0004609 | — | — | — | — | $307.4K | |
 BlumBLUM | $0.001598 | — | — | — | — | $275.2K | |
 Zeta MarketsZEX | $0.0009962 | — | — | — | — | $187.1K | |
 ArchwayARCH | $0.0004307 | $0.1448 | 0.00x | — | — | $125.1K | |
 KAP GamesKAP | — | $0.0350 | 0.01x | — | — | $106.4K | |
 AnalogANLOG | $0.00002994 | — | — | — | — | $55.6K | |
 ANGLEANGLE | — | — | — | — | — | $54.2K | |
 MustMUST | $0.3752 | — | — | — | — | $38.0K | |
 SubQuery NetworkSQT | $0.00000612 | $0.006 | 0.00x | — | — | $23.2K | |
 VertexVRTX | $0.00004349 | — | — | — | — | $23.0K | |
 EDENEDEN | $0.00172 | — | — | — | — | $22.8K | |
 SynchronySCY | $0.00000093 | $0.0200 | 0.00x | — | — | — | |
 Primex FinancePMX | $0.00000939 | $0.0600 | 0.00x | — | — | — | |
 Bitpanda Ecosystem TokenBEST | — | $0.1000 | 9.9x | — | — | — | |
 FutureswapFST | — | $2.40 | — | — | — | — | |
 CredoraCREDORA | — | — | — | — | — | — | |
 Lens ChainLENS | — | — | — | — | — | — | |
 One Trading | — | — | — | — | — | — | |
 Ostium Labs | — | — | — | — | — | — | |
 Noble | — | — | — | — | — | — | |
 Ripple Prime (ex. Hidden Road) | — | — | — | — | — | — | |
 Pave Bank | — | — | — | — | — | — | |
 Kiln | — | — | — | — | — | — | |
 Polymer Labs | — | — | — | — | — | — | |
 Synnax Technologies | — | — | — | — | — | — | |
 Turnkey | — | — | — | — | — | — | |
 Reya Network (Voltz)REYA | — | — | — | — | — | — | |
 Raven | — | — | — | — | — | — | |
 Zerion | — | — | — | — | — | — | |
 Crossover Markets Group | — | — | — | — | — | — | |
 Hyperbolic | — | — | — | — | — | — | |
 Pontem LiquidswapLSD | — | — | — | — | — | — | |
 DAWN | — | — | — | — | — | — | |
 Stork | — | — | — | — | — | — | |
 Karpatkey | — | — | — | — | — | — | |
 Notabene | — | — | — | — | — | — | |
 Dfns | — | — | — | — | — | — |
Showing 60 of 74 — the rest fall below this market-cap range.
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 · 80
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
 Velocity | Series A | $38.0M | $380.0M | |
| Morpho | Strategic Round | $175.0M | $1.75B | |
 UnblockPay | Seed Round | $4.5M | $45.0M | |
| Crossover Markets Group | Series B | $31.0M | $200.0M | |
| Based | Series A | $11.5M | $115.0M | |
 Tenbin Labs | Seed Round | $7.1M | $71.0M | |
| Ostium Labs | Series A | $20.0M | $250.0M | |
| Pave Bank | Series A | $39.0M | $390.0M | |
 BULK | Seed Round | $8.0M | $80.0M | |
 Inversion Capital | Seed Round | $26.5M | $265.0M | |
 Pascal | Seed Round | $6.0M | $60.0M | |
 StablecoinX | PIPE | $360.0M | $3.60B | |
| Turnkey | Series B | $30.0M | $300.0M | |
 3Jane | Seed Round | $5.2M | $52.0M | |
| Euler | Funding Round | — | — | |
 Codex | Seed Round | $15.8M | $158.0M | |
| Blum | Seed Round | $5.0M | $50.0M | |
 GTE | Funding Round | $10.9M | $109.4M | |
| Dfns | Series A | $16.0M | $160.0M | |
| Usual | Series A | $10.0M | $100.0M | |
| Lens Chain | Strategic Round | $31.0M | $310.0M | |
| Hyperbolic | Series A | $12.0M | $120.0M | |
| Noble | Series A | $15.0M | $150.0M | |
| Notabene | Series B | $14.5M | $145.0M | |
| Karpatkey | Funding Round | $7.0M | $70.0M | |
| Synnax Technologies | Strategic Round | $550.0K | $5.5M | |
| Infinex | NFT Sale | $65.3M | $652.9M | |
| Stork | Seed Round | $4.0M | $40.0M | |
| DAWN | Extended Series A Round | $18.0M | $180.0M | |
| Crossover Markets Group | Series A | $12.0M | $120.0M | |
| Router Protocol [OLD] | Strategic Round | — | — | |
 M^ZERO | Series A | $35.0M | $350.0M | |
| Raven | Seed Round | $2.7M | $25.0M | |
| Centrifuge | Series A | $15.0M | $150.0M | |
| Reya Network (Voltz) | Funding Round | $10.0M | $100.0M | |
| Taiko | Series A | $15.0M | $150.0M | |
| Backpack | Series A | $17.0M | $120.0M | |
| Ethena | Seed Extension Round | $14.0M | $300.0M | |
| Analog | Funding Round | $16.0M | $120.0M | |
| Ithaca Protocol Lead | Pre-seed | $2.5M | $25.0M | |
| Kiln | Funding Round | $17.0M | $170.0M | |
| WOO | Funding Round | $9.0M | $90.0M | |
| Pontem Liquidswap | Funding Round | $6.0M | $60.0M | |
| Pyth Network | Strategic Round | — | — | |
| Noble | Seed Round | $3.3M | $33.0M | |
| Ethena | Seed Round | $6.5M | $65.0M | |
| One Trading Lead | Series A | $33.0M | $330.0M | |
| Vertex | Strategic Round | — | — | |
 Wildcat Labs | Pre-seed | $750.0K | $7.5M | |
| Crossover Markets Group | Seed Round | $6.3M | $63.5M | |
| Zerion Lead | Series B | $12.3M | $123.0M | |
| Hashflow | Series A | $25.0M | $400.0M | |
| Ripple Prime (ex. Hidden Road) | Series A Round | $50.0M | $500.0M | |
| Must | Seed Round | $10.0M | $100.0M | |
| Push Protocol | Series A | $10.1M | $101.0M | |
| KAP Games | Private Round | $7.0M | $35.0M | |
| Ondo Finance | Series A | $20.0M | $200.0M | |
| Archway | Private Sale | $21.0M | $144.8M | |
 Hex Trust | Series B | $88.0M | $880.0M | |
| Treehouse | Seed Round | $18.0M | $180.0M | |
| Polymer Labs | Seed Round | $3.6M | $36.0M | |
| Primex Finance | Seed Round | $5.7M | $57.0M | |
| Humanode | Seed Round | $2.0M | $20.0M | |
| Reya Network (Voltz) | Seed Round | $6.0M | $60.0M | |
| Zeta Markets | Seed Round | $8.5M | $85.0M | |
| Router Protocol [OLD] | Funding Round | $4.1M | $41.0M | |
| Tempus | Strategic Round | $4.0M | $125.0M | |
| Synchrony | Seed Round | $600.0K | $20.0M | |
| Credora | Series A | $8.0M | $50.0M | |
| EDEN | Seed Round | $17.4M | $174.0M | |
| ANGLE | Seed Round | $5.0M | $50.0M | |
| SubQuery Network | Series A | $9.0M | $60.0M | |
| Futureswap | Venture Round | $12.0M | $240.0M | |
| Index Cooperative | Pre-Seed | $7.7M | $77.0M | |
| UMA | Range Token Round | $2.6M | $120.0M | |
| SynFutures | Series A Round | $14.0M | $140.0M | |
| Bitpanda Ecosystem Token | Series B | $10.2M | $101.6M | |
| dYdX | Series B | $10.0M | $100.0M | |
| Bitpanda Ecosystem Token | Series A | $52.0M | $520.0M | |
| Zerion | Seed Round | $2.0M | $20.0M |
Focus areas
DeFi2
Real World Assets Protocols2
Ethereum Ecosystem2
Crypto Treasury Assets1
Lending Platform1
Oracle1
Solana Ecosystem1
Co-investors
Coinbase Ventures4 shared
Pantera Capital3 shared
CMS Holdings3 shared
Strobe (Prev. BlockTower Capital)3 shared
Delphi Digital (Delphi Labs)3 shared
Galaxy3 sharedFunds that most often back the same projects.