Who invested in Naoris Protocol

2 rounds we have observed, with the 2 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.

Web3 & Crypto

Raised 10 months ago

Funding summaryUpdated 26 Oct 2026

$3.0Mraised across 2 rounds since 2025, from 2 sources

Latest round: VentureJan 2026
Biggest round: $3.0MVenture · May 2025
Investors: 2

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.

2026

$3.0MVenture?Venture

First round: Venture, $3.0M
Biggest round: $3.0M
Between rounds: 8 months

The rounds

Jan 2026
VentureAmount undisclosed2 returning
- Draper Associates
- Expert Dojo
Source recorded
May 2025
Venture$3.0M2 new
- Draper Associates
- Expert Dojo
Source recorded

Founders and team

From Naoris Protocol's own website: 2 founders, 2 on the team.

David CarvalhoFounder, CEO & Chief Scientist

Youssef El MaddarsiCo-Founder & Chief Business Officer

David HoltzmanChief Strategy Officer
Magnus FyhrChief Financial Officer

AdvisersSmart Infrastructure

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.

Venture2025Venture2026

Draper Associates

Expert Dojo

Everyone who backed them

Draper AssociatesVC firm2rounds

Expert DojoAccelerator2rounds

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list Naoris Protocol 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.