Investor Lists

PE firms backing DeFi

Updated 7 November 2026

PE firms we have observed in a deFi round in the last two years.

See all 11 →The top 11
11investors on the listNo change this week
134cheques in 12 months+22% against the market
$12Mmedian round they joined+44% against the market median
55%wrote a cheque in 12 months
45%have led a round

The Top 11

Ordered by cheques observed, never by anything anyone paid for

Deploying now (6)

  1. 1Goldman SachsDeploying nowPrivate equity · United States758$73Mmedian roundOct 2026last seen
  2. 2ApolloDeploying nowPrivate equity · United States114$55Mmedian roundOct 2026last seen
  3. 3SBI GroupDeploying nowGrowth equity57$14Mmedian roundNov 2026last seen
  4. 4Citadel SecuritiesDeploying nowGrowth equity · United States8$240Mmedian roundOct 2026last seen
  5. 5ANAGRAMDeploying nowPrivate equity · United States5$10Mmedian roundNov 2026last seen
  6. 6TradewebDeploying nowGrowth equity · United States4$136Mmedian roundOct 2026last seen
  7. 7Distributed Network AdvisorsquietPrivate equity · United States2$7.5Mmedian roundOct 2025last seen
  8. 8Frictionless CapitalquietPrivate equity · United States1$7Mmedian roundSept 2025last seen
  9. 9New Heritage CapitalquietPrivate equity · United States1$10Mmedian roundOct 2025last seen
  10. 10StudioBquietPrivate equity1$12Mmedian roundOct 2025last seen
  11. 11Trident DigitalquietPrivate equity1$5.5Mmedian roundOct 2025last seen

Quick answers about PE firms backing DeFi

Who are the most active PE firms backing DeFi?

By cheques observed, the most active are Goldman Sachs, Apollo, SBI Group, Citadel Securities and ANAGRAM.

How many PE firms backing DeFi are there?

11 are on record. 55% made an investment in the last 12 months and 45% have led a round.

Which stages do PE firms backing DeFi back?

Of the rounds with a named stage in the last 12 months, mostly Debt (41%) and Series C (20%).

How big are the rounds PE firms backing DeFi join?

The typical (median) round among the leading investors here is $12M.

Which sectors do PE firms backing DeFi back most?

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

Which PE firms backing DeFi lead the most rounds?

Goldman Sachs (22 led), SBI Group (5 led) and Apollo (3 led).

Where are PE firms backing DeFi based?

Among the most active, most are based in the United States (8).

What have PE firms backing DeFi invested in recently?

Recent rounds include Soter Insure (Series B, Nov 2026, with SBI Group), Cowboy (Seed, Nov 2026, with ANAGRAM) and Solink (Growth, Oct 2026, with Goldman Sachs).

Built from the rounds we watched, refreshed every night. How we count · Report a correction