# Alameda Research: portfolio, investments and team

> Alameda Research is a private equity based in Hong Kong SAR China. 69 investments on record, 1 in the last 12 months, latest Mar 2026.

Source: https://millionrounds.com/fund/alameda-research (Millionrounds; every figure on the page links to its filing or article)

Hong Kong SAR China · [Investor](https://millionrounds.com/investors)

# Alameda Research

Last cheque observed Mar 2026; 69 cheques on record.

Deploying now Private equity

Venture Seed Series A Blockchain Cryptocurrency

Deploying now

**33%** of best year **1** **cheques in 12 months**, 69 on record

Since the last cheque **240** days **00** hrs **00** min **00** sec

Median round **$2.7M** Rounds led **0 of 69** Sole investor **25 rounds** Mostly in **United States, 51%**

Pitch Alameda Research

## Alameda Research highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Venture and Seed: 80% of its rounds
- 03 Sole investor in 25 rounds, median $2.0M

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Blockchain Cryptocurrency
- **Based in:** Hong Kong SAR China
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **69 appearances**

- **2026** 1 round
- **Mar** **[Exodus](https://millionrounds.com/company/exodus)** US **$73M** Sole investor
- **2025** 1 round
- **Aug** **[TDX Strategies](https://millionrounds.com/company/tdx-strategies)** Venture · HK **Undisclosed** With 2 others
- **2024** 2 rounds
- **Apr** **[Only1](https://millionrounds.com/company/only1)** Seed · HK **$1.3M** With 1 other
- **Mar** **[Arrow Markets](https://millionrounds.com/company/arrow-markets)** Series A · US **$4.0M** With 3 others
- **2023** 5 rounds
- **Dec** **[StarryNift](https://millionrounds.com/company/starrynift)** Venture · SG **Undisclosed** With 3 others
- **Aug** **[Juppiomenz](https://millionrounds.com/company/juppiomenz)** Venture · US **$1.5M** Sole investor
- **Apr** **[Star Atlas](https://millionrounds.com/company/star-atlas)** Series A · US **$150K** Sole investor
- **Jan** **[Frontier](https://millionrounds.com/company/frontier)** Venture · SG **Undisclosed** With 3 others
- **Jan** **[Symmetry](https://millionrounds.com/company/symmetry)** Venture **Undisclosed** Sole investor
- **2022** 41 rounds
- **Nov** **[Jumbo](https://millionrounds.com/company/jumbo)** Venture · US **$3.5M** With 2 others
- **Sept** **[3Commas](https://millionrounds.com/company/3commas)** Series B · CA **$37M** With 2 others
- **Sept** **[Cosmic Guild](https://millionrounds.com/company/cosmic-guild)** Venture · HK **Undisclosed** With 3 others
- **Aug** **[Jito Labs](https://millionrounds.com/company/jito-labs)** Series A · US **$10M** With 5 others
- **Aug** **[AVECRIS](https://millionrounds.com/company/avecris)** Grant · SG **$5K** Sole investor
- **Jul** **[Aligned AI](https://millionrounds.com/company/aligned-ai)** Pre-seed · GB **$1.1M** Sole investor
- **Jul** **[Cardinal](https://millionrounds.com/company/cardinal)** Seed · US **$4.4M** With 3 others
- **Jun** **[Size](https://millionrounds.com/company/size)** Seed · US **$6.0M** With 1 other
- **Jun** **[ChangeUp](https://millionrounds.com/company/changeup)** Series A · US **$4.0M** Sole investor
- **Jun** **[Earth From Another Sun](https://millionrounds.com/company/earth-from-another-sun)** Seed **$4.5M** With 2 others
- **May** **[Pine Protocol](https://millionrounds.com/company/pine-protocol)** Seed · PA **$1.5M** With 2 others
- **May** **[DLTx](https://millionrounds.com/company/dltx)** Venture · NO **$23M** Sole investor
- **May** **[DoinGud](https://millionrounds.com/company/doingud)** Venture · CH **Undisclosed** With 2 others
- **May** **[Fundlr](https://millionrounds.com/company/fundlr)** Series A · GB **$2.7M** Sole investor
- **May** **[Merge](https://millionrounds.com/company/merge)** Seed · US **$9.5M** With 4 others
- **May** **[Tradewind Markets](https://millionrounds.com/company/tradewind-markets)** Venture · US **$2.3M** With 1 other
- **Apr** **[The Kingdom](https://millionrounds.com/company/the-kingdom)** Seed · NI **$3.6M** With 2 others
- **Apr** **[Manifold Markets](https://millionrounds.com/company/manifold-markets)** Seed · US **$2.0M** With 1 other
- **Mar** **[Eizper Chain](https://millionrounds.com/company/eizper-chain)** Seed **$1.6M** With 1 other
- **Mar** **[Farmington State Bank](https://millionrounds.com/company/farmington-state-bank)** Growth · US **$12M** Sole investor
- **Feb** **[Automata Network](https://millionrounds.com/company/automata-network)** Venture · SG **Undisclosed** With 3 others
- **Feb** **[Ratio](https://millionrounds.com/company/ratio)** Crowdfunding · ES **$2.5M** With 1 other
- **Jan** **[MAPS.ME](https://millionrounds.com/company/maps-me)** Venture · CH **Undisclosed** Sole investor
- **Jan** **[Atomic Vaults](https://millionrounds.com/company/atomic-vaults)** Venture · US **$1.0M** With 2 others
- **Jan** **[ATTN](https://millionrounds.com/company/attn)** Venture **$600K** Sole investor
- **Jan** **[Coderrect](https://millionrounds.com/company/coderrect)** Seed · US **$4.0M** Sole investor
- **Jan** **[DAOsquare](https://millionrounds.com/company/daosquare)** Venture · AU **$500K** With 3 others
- **Jan** **[DarkFi](https://millionrounds.com/company/darkfi)** Token sale **$250K** Sole investor
- **Jan** **[Equator Therapeutics](https://millionrounds.com/company/equator-therapeutics)** Venture · US **$500K** With 3 others
- **Jan** **[Exodus](https://millionrounds.com/company/exodus)** Venture · US **$50M** Sole investor
- **Jan** **[HODL Media](https://millionrounds.com/company/hodl-media)** Venture · US **$250K** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Venture Seed Series A

Median round joined **$2.7M** the round, not its cheque Alone, median **$2.0M**

Led 0 of 69 rounds **0%**

- **Sole investor:** 25 rounds
- **Last cheque:** Mar 2026

Rounds by stage said on their site

- Venture *27*
- Seed *25*
- Series A *5*
- Token sale *4*
- Pre-seed *2*
- Series B *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) 6
- [Multicoin Capital](https://millionrounds.com/fund/multicoin-capital) 5
- [GSR](https://millionrounds.com/fund/gsr) 4
- [YZi Labs](https://millionrounds.com/fund/yzi-labs) 4
- [Amber Group](https://millionrounds.com/fund/amber-group) 3
- [Delphi Ventures](https://millionrounds.com/fund/delphi-ventures) 3

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## Who they invest alongside

The investors most often in the same rounds as Alameda Research. A count of rooms they were both in, not a relationship either has claimed.

[**NGC Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/ngc-ventures)[**Multicoin Capital** VC firm **5** rounds together](https://millionrounds.com/fund/multicoin-capital)[**GSR** VC firm **4** rounds together](https://millionrounds.com/fund/gsr)[**YZi Labs** VC firm **4** rounds together](https://millionrounds.com/fund/yzi-labs)[**Amber Group** VC firm **3** rounds together](https://millionrounds.com/fund/amber-group)[**Delphi Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/delphi-ventures)[**SNZ Holding** VC firm **3** rounds together](https://millionrounds.com/fund/snz-capital)[**Solana Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/solana-ventures)[**Wintermute Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/wintermute-ventures)[**Coinbase Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/coinbase)[**DWF Labs** VC firm **2** rounds together](https://millionrounds.com/fund/dwf-labs)[**Framework Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/framework-ventures)

## Recently backed

The latest companies Alameda Research put money into.

[**TDX Strategies** Aug 2025](https://millionrounds.com/company/tdx-strategies)[**Arrow Markets** $4.0M · Mar 2024](https://millionrounds.com/company/arrow-markets)[**StarryNift** Dec 2023](https://millionrounds.com/company/starrynift)[**Juppiomenz** $1.5M · Aug 2023](https://millionrounds.com/company/juppiomenz)[**Star Atlas** $150K · Apr 2023](https://millionrounds.com/company/star-atlas)[**Frontier** Jan 2023](https://millionrounds.com/company/frontier)

## Mentioned on podcasts

Episodes that name Alameda Research in their description, not their title.

- [Equity](https://millionrounds.com/podcasts/equity) 14 Oct 2023 · 11 min The FTX co-founder and Alameda CEO didn’t hold back at SBF’s trial (Chain Reaction) Mentions [Alameda Research](https://millionrounds.com/fund/alameda-research)[Alex Wilhelm](https://millionrounds.com/person/alex-wilhelm)[Sam Bankman-Fried](https://millionrounds.com/person/sam-bankman-fried) Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 13 Dec 2022 · 1h 5m SBF gets arrested, The Block's CEO gets a bag from FTX, + Walmart launches a BNPL service | E1636 Mentions [Alameda Research](https://millionrounds.com/fund/alameda-research)[Sam Bankman-Fried](https://millionrounds.com/person/sam-bankman-fried) Apple PodcastsShow page
- [Invest Like the Best](https://millionrounds.com/podcasts/invest-like-the-best) 19 Oct 2021 · 1h 18m Sam Bankman-Fried - Creating a Perfect Market - [Invest Like the Best, EP. 247] With [Sam Bankman-Fried](https://millionrounds.com/person/sam-bankman-fried) Mentions [Alameda Research](https://millionrounds.com/fund/alameda-research)[Jane Street](https://millionrounds.com/fund/jane-street)[Street Capital](https://millionrounds.com/fund/street-capital) Apple PodcastsShow page

## Quick answers about Alameda Research

### What does Alameda Research invest in?

Alameda Research invests most often at Venture and Seed (80% of the rounds on record), in sectors such as Blockchain and Cryptocurrency.

### How active is Alameda Research?

69 investments on record, 1 of them in the last 12 months. The most recent was in Mar 2026.

### What has Alameda Research invested in recently?

Its most recent investments on record: Exodus (Undisclosed round, Mar 2026), TDX Strategies (Venture, Aug 2025) and Only1 (Seed, Apr 2024).

### How big are Alameda Research's cheques?

The median round it joins is $2.7M.

### Does Alameda Research lead rounds?

Rarely, if at all: none of its 69 investments on record names it as the lead.

### Where does Alameda Research invest?

Most of the companies it backs are in the United States (51%), Singapore (11%) and Hong Kong SAR China (9%).

### Is Alameda Research investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Alameda Research invest alongside?

Most often NGC Ventures (6 rounds together), Multicoin Capital (5 rounds together) and GSR (4 rounds together).

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