# Merit Systems funding: rounds and investors

> Merit Systems has raised $10M across 1 round since 2025. Investors include Blockchain Capital and Andreessen Horowitz's crypto fund.

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

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

# Who invested in *Merit Systems*

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

Developer Tools Open Source Web3 & Crypto

Follow Merit Systems and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fmerit-systems)

Funding summary Updated 5 Nov 2026

**$10M** raised across 1 round since 2025, from 1 source

- **Latest round:** Seed, $10M Jan 2025
- **Led by:** Blockchain Capital and Andreessen Horowitz's crypto fund
- **Investors:** 2 (2 led)

See who backed them

## The rounds

- **Jan 2025** Seed **$10M** [Blockchain Capital](https://millionrounds.com/fund/blockchain-capital) Lead [Andreessen Horowitz's crypto fund](https://millionrounds.com/fund/andreessen-horowitz-s-crypto-fund) Lead Reported by TechStartups SEC filing: $9.7M sold, first sale Oct 2024

## Funding filed with regulators

Merit Systems filed one raise, $9.7M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Oct 2024 **$9.7M** 2 investors of $10.0M offered SEC Form D

## Everyone who backed them

[Blockchain Capital](https://millionrounds.com/fund/blockchain-capital) VC firm **1** round, led 1

[Andreessen Horowitz's crypto fund](https://millionrounds.com/fund/andreessen-horowitz-s-crypto-fund) Investment firm **1** round, led 1

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

## Also claim to have backed them

This firm lists Merit Systems as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[A16z Crypto](https://millionrounds.com/fund/a16z-crypto) VC firm Per its own site

## Quick answers about Merit Systems

### Who invested in Merit Systems?

Merit Systems's investors include Blockchain Capital and Andreessen Horowitz's crypto fund. Blockchain Capital led its latest round.

### How much has Merit Systems raised?

Merit Systems has raised $10M across 1 round since 2025.

### When did Merit Systems last raise?

Merit Systems's most recent round was a Seed of $10M in Jan 2025, led by Blockchain Capital.

### What was Merit Systems's biggest round?

Its most recent round, $10M in Jan 2025, is also its largest on record.

### Who backed Merit Systems first?

Merit Systems's first round on record, in Jan 2025, was backed by Blockchain Capital and Andreessen Horowitz's crypto fund.

### What stage is Merit Systems at?

Merit Systems's latest named round is a Seed, in Jan 2025.

### Where is Merit Systems based?

Merit Systems is based in the United States.

### Who led Merit Systems's rounds?

Blockchain Capital led the Seed in 2025.

## Companies like Merit Systems

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

[**Trajectory** $101M · Nov 2026](https://millionrounds.com/company/trajectory)[**Fal** $1.4B · Nov 2026](https://millionrounds.com/company/fal)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Omni** $244M · Nov 2026](https://millionrounds.com/company/omni)[**Reflex** $28M · Oct 2026](https://millionrounds.com/company/reflex)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app