# Kadena funding: rounds and investors

> Kadena has raised $14M across 2 rounds since 2018. Investors include Multicoin Capital, SV Angel and CoinFund. Every round with its source.

Source: https://millionrounds.com/company/kadena (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Kadena*

2 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

IT Services

Funding summary Updated 26 Oct 2026

**$14M** raised across 2 rounds since 2018, from 2 sources

**$2.3M** Series A **$12M** Series B

- **Latest round:** Series B, $12M Apr 2018
- **Step-up i:** 5.3×
- **Investors:** 9

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019

**$2.3M** Series A

**$12M** Series B

- **First round:** Series A, $2.3M
- **Biggest round:** $12M
- **Between rounds:** 2 months

## The rounds

- **Apr 2018** Series B **$12M** *5 new* *1 returning* [SV Angel](https://millionrounds.com/fund/sv-angel) [Multicoin Capital](https://millionrounds.com/fund/multicoin-capital) [Compound](https://millionrounds.com/fund/compound-4) [SIG](https://millionrounds.com/fund/sig) [DEVONSHIRE CAPITAL](https://millionrounds.com/fund/devonshire-capital) [Asimov](https://millionrounds.com/fund/asimov) Reported by FinSMEs
- **Feb 2018** Series A **$2.3M** *4 new* [Multicoin Capital](https://millionrounds.com/fund/multicoin-capital) [CoinFund](https://millionrounds.com/fund/coinfund) [Metastable Ventures](https://millionrounds.com/fund/metastable-ventures) [Kilowatt](https://millionrounds.com/fund/kilowatt) Reported by FinSMEs

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Stuart Popejoy** Manager i
- **William Martino** Manager i

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2018 **Series B** 2018 [Multicoin Capital](https://millionrounds.com/fund/multicoin-capital) [SV Angel](https://millionrounds.com/fund/sv-angel) [CoinFund](https://millionrounds.com/fund/coinfund) [Compound](https://millionrounds.com/fund/compound-4) [SIG](https://millionrounds.com/fund/sig) [Metastable Ventures](https://millionrounds.com/fund/metastable-ventures) [Kilowatt](https://millionrounds.com/fund/kilowatt) [DEVONSHIRE CAPITAL](https://millionrounds.com/fund/devonshire-capital) [Asimov](https://millionrounds.com/fund/asimov)

## Everyone who backed them

[Multicoin Capital](https://millionrounds.com/fund/multicoin-capital) VC firm **2** rounds

[SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **1** round

[CoinFund](https://millionrounds.com/fund/coinfund) VC firm **1** round

[Compound](https://millionrounds.com/fund/compound-4) VC firm **1** round

[SIG](https://millionrounds.com/fund/sig) Investment firm **1** round

[Metastable Ventures](https://millionrounds.com/fund/metastable-ventures) VC firm **1** round

[Kilowatt](https://millionrounds.com/fund/kilowatt) VC firm **1** round

[DEVONSHIRE CAPITAL](https://millionrounds.com/fund/devonshire-capital) Private equity **1** round

[Asimov](https://millionrounds.com/fund/asimov) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=kadena).

## Also claim to have backed them

These 5 firms list Kadena as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Asimov Ventures](https://millionrounds.com/fund/asimov-ventures) VC firm Per its own site

[Brilliance 3.0](https://millionrounds.com/fund/brilliance-3-0) VC firm Per its own site

[Limitless Crypto Investments](https://millionrounds.com/fund/limitless-crypto-investments) Hedge fund Per its own site

[MIT Alumni Angels New York](https://millionrounds.com/fund/mit-alumni-angels-new-york) Angel network Per its own site

[Turing Capital](https://millionrounds.com/fund/turing-capital) Investor Per its own site

## Quick answers about Kadena

### Who invested in Kadena?

Kadena's investors include Multicoin Capital, SV Angel, CoinFund, Compound and SIG, and 4 more on record.

### How much has Kadena raised?

Kadena has raised $14M across 2 rounds since 2018.

### When did Kadena last raise?

Kadena's most recent round was a Series B of $12M in Apr 2018.

### What was Kadena's biggest round?

Its most recent round, $12M in Apr 2018, is also its largest on record.

### Who backed Kadena first?

Kadena's first round on record, in Feb 2018, was backed by Multicoin Capital, CoinFund and Metastable Ventures and 1 others.

### What stage is Kadena at?

Kadena's latest named round is a Series B, in Apr 2018.

### Where is Kadena based?

Kadena is based in the United States.

## Companies like Kadena

In the same sector, and raised in the last eighteen months.

[**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims)[**Subeca** $9.0M · Oct 2026](https://millionrounds.com/company/subeca)[**FlexCompute** $53M · Oct 2026](https://millionrounds.com/company/flexcompute)[**Negosh** $3.1M · Oct 2026](https://millionrounds.com/company/negosh)[**StarLifter** $4.0M · Oct 2026](https://millionrounds.com/company/starlifter)[**Litewave.AI** $1.7M · Oct 2026](https://millionrounds.com/company/litewave-ai)

## Find investors like these

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