Investor Lists

VC firms backing DeFi

Updated 7 November 2026

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

See all 155 →The top 25
155investors on the list-2 this week
2,749cheques in 12 months-11% against the market
$8Mmedian round they joined+0% against the market median
70%wrote a cheque in 12 months
49%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

  1. 1Andreessen HorowitzDeploying nowVC firm · United States1,661$27Mmedian roundNov 2026last seen
  2. 2Alumni VenturesDeploying nowVC firm · United States1,598$12Mmedian roundNov 2026last seen
  3. 3General CatalystDeploying nowVC firm · United States1,387$27Mmedian roundNov 2026last seen
  4. 4AccelDeploying nowVC firm · United States1,341$32Mmedian roundNov 2026last seen
  5. 5Founders FundDeploying nowVC firm · United States1,122$15Mmedian roundOct 2026last seen
  6. 6First Round CapitalDeploying nowVC firm · United States807$18Mmedian roundOct 2026last seen
  7. 7Insight PartnersDeploying nowVC firm · United States765$40Mmedian roundOct 2026last seen
  8. 8Foundation CapitalDeploying nowVC firm · United States550$13Mmedian roundOct 2026last seen
  9. 9HSGDeploying nowVC firm · Hong Kong SAR China498$31Mmedian roundOct 2026last seen
  10. 10Spark CapitalDeploying nowVC firm · United States471$40Mmedian roundOct 2026last seen
  11. 11Soma CapitalDeploying nowVC firm · United States456$4.2Mmedian roundOct 2026last seen
  12. 12GSRDeploying nowVC firm · United Kingdom453$6Mmedian roundJun 2026last seen
  13. 13Lerer HippeauDeploying nowVC firm · United States419$9.7Mmedian roundNov 2026last seen
  14. 14CoatueDeploying nowVC firm · United States404$85Mmedian roundOct 2026last seen
  15. 15ZhenFundDeploying nowVC firm · China390$9.1Mmedian roundOct 2026last seen
  16. 16SpeedinvestDeploying nowVC firm · Austria345$6.7Mmedian roundNov 2026last seen
  17. 17SBI InvestmentDeploying nowVC firm · Japan330$8.7Mmedian roundSept 2026last seen
  18. 18Peak XVDeploying nowVC firm · United States317$15Mmedian roundNov 2026last seen
  19. 19HeadlineDeploying nowVC firm · United States307$15Mmedian roundOct 2026last seen
  20. 20Craft VenturesDeploying nowVC firm · United States283$14Mmedian roundOct 2026last seen
  21. 21LocalGlobeDeploying nowVC firm · United Kingdom269$12Mmedian roundOct 2026last seen
  22. 22BNP ParibasDeploying nowVC firm · France256$17Mmedian roundOct 2026last seen
  23. 23Ribbit CapitalDeploying nowVC firm · United States205$60Mmedian roundOct 2026last seen
  24. 24Pantera CapitalDeploying nowVC firm · United States196$13Mmedian roundOct 2026last seen
  25. 25Boost VCDeploying nowVC firm · United States194$2.5Mmedian roundSept 2026last seen
130 more on this list

All 155 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 →

Quick answers about VC firms backing DeFi

Who are the most active VC firms backing DeFi?

By cheques observed, the most active are Andreessen Horowitz, Alumni Ventures, General Catalyst, Accel and Founders Fund.

How many VC firms backing DeFi are there?

155 are on record. 70% made an investment in the last 12 months and 49% have led a round.

Which stages do VC firms backing DeFi back?

Of the rounds with a named stage in the last 12 months, mostly Series A (26%) and Seed (25%).

How big are the rounds VC firms backing DeFi join?

The typical (median) round among the leading investors here is $15M.

Which sectors do VC firms backing DeFi back most?

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

Which VC firms backing DeFi lead the most rounds?

Andreessen Horowitz (114 led), Accel (103 led) and General Catalyst (97 led).

Where are VC firms backing DeFi based?

Among the most active, most are based in the United States (18), the United Kingdom (2) and Hong Kong SAR China (1).

What have VC firms backing DeFi invested in recently?

Recent rounds include Thinking Machines Lab (Other, Nov 2026, with Accel), 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 · Report a correction