# Seed deFi investors (2026 list) > 116 seed deFi investors, 59% active in the last 12 months. Led by Bpifrance, Founders Fund, Spark Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/seed-defi-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Seed deFi investors Updated 7 November 2026 Firms we have watched take part in a seed round raised by a deFi company in the last two years. Both the stage and the sector are what they did, not what their website says. [See all 116 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseed-defi-investors)The top 25 **116** investors on the list *-3* this week **1,001** cheques in 12 months *-27%* against the market **$5.8M** median round they joined *-28%* against the market median **59%** wrote a cheque in 12 months **36%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen - 2 [Founders Fund](https://millionrounds.com/fund/founders-fund) *Deploying now* VC firm · United States **1,122** **$15M** median round **Oct 2026** last seen - 3 [Spark Capital](https://millionrounds.com/fund/spark-capital) *Deploying now* VC firm · United States **471** **$40M** median round **Oct 2026** last seen - 4 [Coinbase Ventures](https://millionrounds.com/fund/coinbase) *Deploying now* Corporate VC · United States **465** **$9.8M** median round **Nov 2026** last seen - 5 [GSR](https://millionrounds.com/fund/gsr) *Deploying now* VC firm · United Kingdom **453** **$6M** median round **Jun 2026** last seen - 6 [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) *Deploying now* VC firm · United States **205** **$60M** median round **Oct 2026** last seen - 7 [Boost VC](https://millionrounds.com/fund/boost-vc) *Deploying now* VC firm · United States **194** **$2.5M** median round **Sept 2026** last seen - 8 [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) *Deploying now* VC firm · Germany **179** **$13M** median round **Oct 2026** last seen - 9 [Paradigm](https://millionrounds.com/fund/paradigm) *Deploying now* VC firm · United States **177** **$14M** median round **Nov 2026** last seen - 10 [NGC Ventures](https://millionrounds.com/fund/ngc-ventures) *Deploying now* VC firm · Singapore **161** **$3.6M** median round **May 2026** last seen - 11 [CMT Digital](https://millionrounds.com/fund/cmt-digital) *Deploying now* VC firm · United States **156** **$7M** median round **Oct 2026** last seen - 12 [Polychain](https://millionrounds.com/fund/polychain) *Deploying now* VC firm · United States **152** **$10M** median round **Oct 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 [Apollo](https://millionrounds.com/fund/apollo-global-management) *Deploying now* Private equity · United States **114** **$55M** median round **Oct 2026** last seen - 18 [Blockchain Founders Fund](https://millionrounds.com/fund/blockchain-founders-fund) *Deploying now* VC firm · Singapore **110** **$3M** median round **Sept 2026** last seen - 19 [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 - 20 [Orange DAO](https://millionrounds.com/fund/orange-dao) *Deploying now* VC firm · United States **101** **$3.5M** median round **Jul 2026** last seen - 21 [6th Man Ventures](https://millionrounds.com/fund/6mv) *Deploying now* VC firm · United States **99** **$5.7M** median round **Nov 2026** last seen - 22 [HashKey Capital](https://millionrounds.com/fund/hashkey-capital-2) *Deploying now* VC firm · Singapore **96** **$6.5M** median round **Aug 2026** last seen - 23 [ConsenSys](https://millionrounds.com/fund/consensys) *Deploying now* VC firm · United States **89** **$5M** median round **Jun 2026** last seen - 24 [Lemniscap](https://millionrounds.com/fund/lemniscap) *Deploying now* VC firm · Cayman Islands **87** **$4.5M** median round **Jan 2026** last seen - 25 [ParaFi Capital](https://millionrounds.com/fund/parafi) *Deploying now* VC firm · United States **87** **$8M** median round **Oct 2026** last seen **91 more on this list** All 116 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%2Fseed-defi-investors) ## 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 **[Cowboy](https://millionrounds.com/company/cowboy)** Seed · $5M *With* [ANAGRAM](https://millionrounds.com/fund/anagram) - **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *Led by* [Paradigm](https://millionrounds.com/fund/paradigm) - **4** Nov **[Takenos](https://millionrounds.com/company/takenos)** Seed · $7M *With* [Variant](https://millionrounds.com/fund/variant) - **2** Nov **[Loamy Technologies Inc.](https://millionrounds.com/company/loamy-technologies-inc)** Seed · $6M *Led by* [Zeal Capital Partners](https://millionrounds.com/fund/zeal-capital-partners) - **2** Nov **[CRSHMARKET](https://millionrounds.com/company/crshmarket)** Seed · $3.5M *Led by* [6th Man Ventures](https://millionrounds.com/fund/6mv) ## Stages This Year 797 rounds - Seed **22%** - Venture **18%** - Series A **17%** - Series B **10%** - Other **8%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **246** - Web3 & Crypto **121** - Fintech **100** - Biotech **51** - Big Data & Analytics **43** - Healthcare **42** ## Cheques by Quarter Led Joined 361 Q1 25 323 Q2 25 379 Q3 25 405 Q4 25 325 Q1 26 289 Q2 26 195 Q3 26 62 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Seed AI investors 2,922](https://millionrounds.com/lists/seed-ai-investors) - [Series A AI investors 2,490](https://millionrounds.com/lists/series-a-ai-investors) - [Series B AI investors 1,557](https://millionrounds.com/lists/series-b-ai-investors) - [Pre-seed AI investors 1,286](https://millionrounds.com/lists/pre-seed-ai-investors) - [Growth AI investors 1,186](https://millionrounds.com/lists/growth-ai-investors) - [Series A fintech investors 950](https://millionrounds.com/lists/series-a-fintech-investors) - [Series C AI investors 930](https://millionrounds.com/lists/series-c-ai-investors) - [Seed fintech investors 925](https://millionrounds.com/lists/seed-fintech-investors) - [Series A biotech investors 650](https://millionrounds.com/lists/series-a-biotech-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders at seed - The Elements of User Experience: User-Centered Design for the Web Jesse James Garrett · 2002 4.01 from 4,134 ratings on Goodreads Finding product-market fit Company building About the book Smart organizations recognize that Web design is more than just creating clean code and sharp graphics. A site that really works fulfills your strategic objectives while meeting the needs of your users. Even the best content and the most sophisticated technology won't help you… On AmazonListen on Audible - Get Backed: Craft Your Story, Build the Perfect Pitch Deck, and Launch the Venture of Your Dreams Evan Baehr · 2015 4.36 from 356 ratings on Goodreads Raising money Company building About the book HOW DO YOU LAUNCH THE VENTURE OF YOUR DREAMS? Get Backed isn’t just about startup fundraising. It’s a handbook for anyone who has an idea and needs to build relationships to get it off the ground. Over the last 3 years, entrepreneurs Evan Loomis and Evan Baehr have… On AmazonListen on Audible - Selling the Invisible: A Field Guide to Modern Marketing Harry Beckwith · 1997 3.94 from 10,059 ratings on Goodreads Marketing and growth First sales Company building About the book You can't touch, hear, or see your company's most important products... So how do you sell, develop, make them grow? That's the problem with services. This "phenomenal" book, as one reviewer called it, answers that question with insights on how markets work and how prospects… On AmazonListen on Audible - 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More Perry Marshall · 2013 4.19 from 1,904 ratings on Goodreads First sales Marketing and growth Company building About the book Stop "Just Getting By"... Master The 80/20 Principle And Make More Money Without More Work. When you know how to walk into any situation and see the 80/20's, you can solve almost ANY marketing problem. 80/20 can demolish any sales and advertising problem. "If you don't know… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=seed). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about seed deFi investors ### Who are the most active seed deFi investors? By cheques observed, the most active are Bpifrance, Founders Fund, Spark Capital, Coinbase Ventures and GSR. ### How many seed deFi investors are there? 116 are on record. 59% made an investment in the last 12 months and 36% have led a round. ### Which stages do seed deFi investors back? Of the rounds with a named stage in the last 12 months, mostly Seed (31%) and Series A (24%). ### How big are the rounds seed deFi investors join? The typical (median) round among the leading investors here is $7M. ### Which sectors do seed deFi investors back most? In the last 12 months, mostly AI, Web3 & Crypto and Fintech. ### Which seed deFi investors lead the most rounds? Founders Fund (42 led), Ribbit Capital (29 led) and Spark Capital (26 led). ### Where are seed deFi investors based? Among the most active, most are based in the United States (17), Singapore (3) and France (1). ### What have seed deFi investors invested in recently? Recent rounds include Soter Insure (Series B, Nov 2026, with Coinbase Ventures), Cowboy (Seed, Nov 2026, with ANAGRAM) and Zipline (Growth, Nov 2026, with Paradigm). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)