# Mechanism Capital: portfolio, investments and team

> Mechanism Capital is a vc firm based in United States. 34 investments on record, latest Oct 2025. Portfolio, stages, co-investors and team.

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

United States · [Investor](https://millionrounds.com/investors)

# Mechanism Capital

Last cheque observed Oct 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

VC firm Quiet

Pre-seed Seed Series A Web3 Wealthtech Token

Follow Mechanism Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fmechanism-capital)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 34 on record

Since the last cheque **370** days **00** hrs **00** min **00** sec

Median round **$4.3M** Rounds led **0 of 34** Sole investor **5 rounds** Mostly in **United States, 55%**

Pitch Mechanism Capital

## Mechanism Capital highlights

- 01 34 rounds on record
- 02 Mostly Seed and Venture: 85% of its rounds
- 03 Sole investor in 5 rounds, median $4.0M

## What they do

> We invest where the next paradigm begins. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Web3 Wealthtech Token
- **Based in:** Liberty Hill, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **34 appearances**

- **2025** 8 rounds
- **Oct** **[KapKap](https://millionrounds.com/company/kapkap)** Seed · Ventureburn **$10M** With 7 others
- **Sept** **[Bio Protocol](https://millionrounds.com/company/bio-protocol)** Seed · Ventureburn **$6.9M** With 8 others
- **Sept** **[Breakout Trading Group](https://millionrounds.com/company/breakout-trading-group)** Seed · US **$2.0M** With 1 other
- **Jun** **[Inference Labs](https://millionrounds.com/company/inference-labs)** Seed · CA **$5.3M** With 2 others
- **Apr** **[MagicBlock](https://millionrounds.com/company/magicblock)** Seed · SG **$7.5M** With 4 others
- **Feb** **[Mirai Labs](https://millionrounds.com/company/mirai-labs)** Seed **$4.0M** Sole investor
- **Feb** **[DeFi.app](https://millionrounds.com/company/defi-app)** Seed **$4.0M** With 1 other
- **Jan** **[Canopy](https://millionrounds.com/company/canopy)** Seed · US **$1.2M** With 3 others
- **2024** 8 rounds
- **Aug** **[Nectar AI](https://millionrounds.com/company/nectar-ai)** Seed · US **$3.9M** With 1 other
- **Jun** **[Gudchain](https://millionrounds.com/company/gudchain)** Seed · US **$5.0M** Sole investor
- **May** **[Param Labs Inc](https://millionrounds.com/company/param-labs-inc)** Seed · US **$7.0M** With 4 others
- **May** **[StripChain](https://millionrounds.com/company/stripchain)** Venture · US **$10M** With 1 other
- **Apr** **[Inference Labs](https://millionrounds.com/company/inference-labs)** Seed · CA **$2.3M** With 2 others
- **Apr** **[Runes DEX](https://millionrounds.com/company/runes-dex)** Seed · US **$2.0M** With 1 other
- **Mar** **[Fjord Foundry](https://millionrounds.com/company/fjord-foundry)** Seed · NO **$4.3M** With 1 other
- **Feb** **[Pixelmon](https://millionrounds.com/company/pixelmon)** Seed · US **$8.0M** With 4 others
- **2023** 5 rounds
- **Jul** **[NGRAVE](https://millionrounds.com/company/ngrave)** Venture · BE **Undisclosed** With 1 other
- **May** **[Boxed](https://millionrounds.com/company/boxed)** Pre-seed · US **$1.5M** With 2 others
- **May** **[PORTALS](https://millionrounds.com/company/portals)** Seed · US **$2.0M** With 1 other
- **Jan** **[Dank Bank](https://millionrounds.com/company/dank-bank)** Venture · US **Undisclosed** With 2 others
- **Jan** **[Frontier](https://millionrounds.com/company/frontier)** Venture · SG **Undisclosed** With 3 others
- **2022** 9 rounds
- **Sept** **[TokenScript](https://millionrounds.com/company/tokenscript)** Token sale · AU **$6.0M** With 4 others
- **May** **[Hexagon Wireless](https://millionrounds.com/company/hexagon-wireless)** Seed · US **$2.0M** Sole investor
- **May** **[Cantina Royale](https://millionrounds.com/company/cantina-royale)** Venture · LI **$4.5M** With 2 others
- **Mar** **[Diagonal](https://millionrounds.com/company/diagonal)** Pre-seed · US **$2.5M** With 2 others
- **Mar** **[Itheum](https://millionrounds.com/company/itheum)** Seed · AU **$4.0M** With 2 others
- **Jan** **[Sovrun](https://millionrounds.com/company/sovrun)** Series A · GB **$10M** With 4 others
- **Jan** **[The Defiant](https://millionrounds.com/company/the-defiant)** Venture · US **Undisclosed** With 4 others
- **Jan** **[Ctrl Wallet](https://millionrounds.com/company/ctrl-wallet)** Venture · GB **Undisclosed** With 2 others
- **Jan** **[Atomic Form](https://millionrounds.com/company/atomic-form)** Seed · US **$4.5M** With 2 others
- **2021** 4 rounds
- **Dec** **[Platypus Finance](https://millionrounds.com/company/platypus-finance)** Seed · AU **$3.3M** Sole investor
- **Sept** **[Trader Joe](https://millionrounds.com/company/trader-joe)** Seed · MX **$5.0M** Sole investor
- **Jul** **[NFT Oasis](https://millionrounds.com/company/nft-oasis)** Series A · US **$4.4M** With 1 other
- **Jun** **[Divergence Protocol](https://millionrounds.com/company/divergence-protocol)** Seed **$2.9M** With 1 other

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 team

We hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**1** of 1 we have independently watched raise

[figure.ai](https://millionrounds.com/company/figure)

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$4.3M** the round, not its cheque Alone, median **$4.0M**

Led 0 of 34 rounds **0%**

- **Sole investor:** 5 rounds
- **Last cheque:** Oct 2025

Rounds by stage said on their site

- Seed said *22*
- Venture *7*
- Pre-seed said *2*
- Series A said *2*
- Token sale *1*
- Series B said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Animoca Brands](https://millionrounds.com/fund/animoca-brands) 7
- [Big Brain Holdings](https://millionrounds.com/fund/big-brain-holdings) 4
- [Delphi Ventures](https://millionrounds.com/fund/delphi-ventures) 3
- [Balaji Srinivasan](https://millionrounds.com/fund/balaji-srinivasan) 2
- [Beam](https://millionrounds.com/fund/beam) 2
- [Foresight Ventures](https://millionrounds.com/fund/foresight-ventures) 2

**Pitching Mechanism Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Animoca Brands** Accelerator **7** rounds together](https://millionrounds.com/fund/animoca-brands)[**Big Brain Holdings** VC firm **4** rounds together](https://millionrounds.com/fund/big-brain-holdings)[**Delphi Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/delphi-ventures)[**Balaji Srinivasan** VC firm **2** rounds together](https://millionrounds.com/fund/balaji-srinivasan)[**Beam** Accelerator **2** rounds together](https://millionrounds.com/fund/beam)[**Foresight Ventures** Accelerator **2** rounds together](https://millionrounds.com/fund/foresight-ventures)[**Kenetic** VC firm **2** rounds together](https://millionrounds.com/fund/kenetic)[**Lemniscap** VC firm **2** rounds together](https://millionrounds.com/fund/lemniscap)[**Polygon** Hedge fund **2** rounds together](https://millionrounds.com/fund/polygon)[**Samsung Next** Corporate VC **2** rounds together](https://millionrounds.com/fund/samsung-next)[**Sfermion** VC firm **2** rounds together](https://millionrounds.com/fund/sfermion)[**YZi Labs** VC firm **2** rounds together](https://millionrounds.com/fund/yzi-labs)

## Recently backed

The latest companies Mechanism Capital put money into.

[**Bio Protocol** $6.9M · Sept 2025](https://millionrounds.com/company/bio-protocol)[**Breakout Trading Group** $2.0M · Sept 2025](https://millionrounds.com/company/breakout-trading-group)[**Inference Labs** $5.3M · Jun 2025](https://millionrounds.com/company/inference-labs)[**MagicBlock** $7.5M · Apr 2025](https://millionrounds.com/company/magicblock)[**Mirai Labs** $4.0M · Feb 2025](https://millionrounds.com/company/mirai-labs)[**DeFi.app** $4.0M · Feb 2025](https://millionrounds.com/company/defi-app)

## Quick answers about Mechanism Capital

### What does Mechanism Capital invest in?

Mechanism Capital invests most often at Seed and Venture (85% of the rounds on record), in sectors such as Web3, Wealthtech and Token.

### How active is Mechanism Capital?

34 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2025.

### What has Mechanism Capital invested in recently?

Its most recent investments on record: KapKap (Seed, Oct 2025), Bio Protocol (Seed, Sept 2025) and Breakout Trading Group (Seed, Sept 2025).

### How big are Mechanism Capital's cheques?

The median round it joins is $4.3M.

### Does Mechanism Capital lead rounds?

Rarely, if at all: none of its 34 investments on record names it as the lead.

### Where does Mechanism Capital invest?

Most of the companies it backs are in the United States (55%), Australia (10%) and Canada (7%).

### Is Mechanism Capital investing now?

No investments in the last 12 months; the latest was in Oct 2025.

### Who does Mechanism Capital invest alongside?

Most often Animoca Brands (7 rounds together), Big Brain Holdings (4 rounds together) and Delphi Ventures (3 rounds together).

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