# DeFi investors in North America (2026 list)

> 47 deFi investors in North America, 94% active in the last 12 months. Led by Y Combinator, Alumni Ventures, First Round Capital. Ranked by what they funded.

Source: https://millionrounds.com/lists/defi-investors-in-north-america (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# DeFi investors in North America

Updated 7 November 2026

Firms observed backing a deFi company in North America in the last two years, wherever the firm is based.

[See all 47 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fdefi-investors-in-north-america)The top 25

**47** investors on the list No change this week

**2,038** cheques in 12 months *-16%* against the market

**$9.3M** median round they joined *+16%* against the market median

**94%** wrote a cheque in 12 months

**74%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen
- 2 [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) *Deploying now* VC firm · United States **1,598** **$12M** median round **Nov 2026** last seen
- 3 [First Round Capital](https://millionrounds.com/fund/first-round-capital) *Deploying now* VC firm · United States **807** **$18M** median round **Oct 2026** last seen
- 4 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen
- 5 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) *Deploying now* Private equity · United States **758** **$73M** median round **Oct 2026** last seen
- 6 [Coinbase Ventures](https://millionrounds.com/fund/coinbase) *Deploying now* Corporate VC · United States **465** **$9.8M** median round **Nov 2026** last seen
- 7 [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) *Deploying now* VC firm · United States **419** **$9.7M** median round **Nov 2026** last seen
- 8 [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) *Deploying now* VC firm · France **256** **$17M** median round **Oct 2026** last seen
- 9 [Pantera Capital](https://millionrounds.com/fund/pantera-capital) *Deploying now* VC firm · United States **196** **$13M** median round **Oct 2026** last seen
- 10 [Boost VC](https://millionrounds.com/fund/boost-vc) *Deploying now* VC firm · United States **194** **$2.5M** median round **Sept 2026** last seen
- 11 [Hack VC](https://millionrounds.com/fund/hack-vc) *Deploying now* VC firm · United States **179** **$9.3M** median round **Sept 2026** last seen
- 12 [Paradigm](https://millionrounds.com/fund/paradigm) *Deploying now* VC firm · United States **177** **$14M** median round **Nov 2026** last seen
- 13 [Dragonfly Capital Partners](https://millionrounds.com/fund/dragonfly-capital-partners) *Deploying now* VC firm · United States **149** **$10M** median round **Sept 2026** last seen
- 14 [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) *Deploying now* VC firm · United States **142** **$8M** median round **Jun 2026** last seen
- 15 [Robot Ventures](https://millionrounds.com/fund/robot-ventures) *Deploying now* VC firm · United States **135** **$6M** median round **Oct 2026** last seen
- 16 [Multicoin Capital](https://millionrounds.com/fund/multicoin-capital) *Deploying now* VC firm · United States **130** **$7.5M** median round **Oct 2026** last seen
- 17 [Framework Ventures](https://millionrounds.com/fund/framework-ventures) *Deploying now* VC firm · United States **129** **$8.4M** median round **Oct 2026** last seen
- 18 [Archetype](https://millionrounds.com/fund/archetype) *Deploying now* VC firm · United States **116** **$5M** median round **Sept 2026** last seen
- 19 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen
- 20 [M13](https://millionrounds.com/fund/m13) *Deploying now* VC firm · United States **107** **$9.4M** median round **Sept 2026** last seen
- 21 [Amber Group](https://millionrounds.com/fund/amber-group) *Deploying now* VC firm · Hong Kong SAR China **105** **$6.5M** median round **Aug 2026** last seen
- 22 [Orange DAO](https://millionrounds.com/fund/orange-dao) *Deploying now* VC firm · United States **101** **$3.5M** median round **Jul 2026** last seen
- 23 [6th Man Ventures](https://millionrounds.com/fund/6mv) *Deploying now* VC firm · United States **99** **$5.7M** median round **Nov 2026** last seen
- 24 [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) *Deploying now* VC firm · Singapore **96** **$6.5M** median round **Aug 2026** last seen
- 25 [OKX Ventures](https://millionrounds.com/fund/okx-ventures) *Deploying now* Corporate VC · Iran **95** **$4M** median round **Dec 2025** last seen

**22 more on this list**

All 47 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fdefi-investors-in-north-america)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [Coinbase Ventures](https://millionrounds.com/fund/coinbase)
- **5** Nov **[firmly](https://millionrounds.com/company/firmly)** Series A · $15M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **5** Nov **[Mindmax](https://millionrounds.com/company/mindmax)** Seed · $3.3M *With* [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau)
- **5** Nov **[RadianX](https://millionrounds.com/company/radianx)** Seed · $9M *With* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)
- **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *Led by* [Paradigm](https://millionrounds.com/fund/paradigm)
- **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *With* [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau)

## Stages This Year

1,798 rounds

- Venture **24%**
- Seed **17%**
- Series A **15%**
- Pre-seed **15%**
- Series B **7%**
- Other **22%**

## What They Backed

Sectors, last 12 months

- AI **820**
- Fintech **156**
- Web3 & Crypto **120**
- Big Data & Analytics **111**
- Financial Services **83**
- Healthcare **68**

## Cheques by Quarter

Led Joined

628 Q1 25

593 Q2 25

701 Q3 25

730 Q4 25

659 Q1 26

581 Q2 26

430 Q3 26

80 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about deFi investors in North America

### Who are the most active deFi investors in North America?

By cheques observed, the most active are Y Combinator, Alumni Ventures, First Round Capital, Insight Partners and Goldman Sachs.

### How many deFi investors in North America are there?

47 are on record. 94% made an investment in the last 12 months and 74% have led a round.

### Which stages do deFi investors in North America back?

Of the rounds with a named stage in the last 12 months, mostly Seed (25%) and Series A (22%).

### How big are the rounds deFi investors in North America join?

The typical (median) round among the leading investors here is $9.3M.

### Which sectors do deFi investors in North America back most?

In the last 12 months, mostly AI, Fintech and Web3 & Crypto.

### Which deFi investors in North America lead the most rounds?

Insight Partners (43 led), Goldman Sachs (22 led) and Pantera Capital (17 led).

### Where are deFi investors in North America based?

Most of the leading investors here are based in the United States (21 of the top 25); the rest in France and Hong Kong SAR China.

### What have deFi investors in North America invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with Coinbase Ventures), firmly (Series A, Nov 2026, with Alumni Ventures) and Mindmax (Seed, Nov 2026, with Lerer Hippeau).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)