Sector portfolio · VC firm · United States
Initialized Capital's Web3 & Crypto portfolio
Initialized Capital has backed 13 Web3 & Crypto startups in rounds we track, $371M between them, shown by the stage each has reached. The best-funded is Ava Labs.
Initialized Capital's whole portfolioInitialized Capital's profile
Funding by segment
- Pre-seed and seed$78M6
- Stage not reported$267M5
- Series A$27M2
Where they are based
- United States9$309M
- China2$32M
- Germany1$2.9M
United States
China
GermanyFounded
4 without a founding year on record.
Total raised
- Under $1M1
- $1M to $10M7
- $10M to $50M4
- $50M to $250M1
- $250M to $1B0
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
9 of 13 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United States9
- China2
- Germany1
Startups by country, 3 countries in all.
Segment by segment
Pre-seed and seed
6 startups · $78M raised
PingLearn more about PING&s latest clubs including the G440 Family, i530 & i240 Irons, Scottsdale Putters, and more.United States$33M- KKNXChina$30M
AzuraAzura is an onchain trading platform that simplifies decentralized finance (DeFi) trading.United States$6.9M
SatsumaSatsuma is a reliable blockchain indexing service for web3 engineering teams.United States$5.0M
SynquoteSynquote is a decentralized, non-custodial options trading platform focused on crypto derivatives and DeFi trading.United States$2.8M
HackerNoonHackerNoon is an independent technology publishing platform and software company based in Edwards, Colorado.United States$250K
Stage not reported
5 startups · $267M raised
Ava LabsAva Labs is a technology company based in New York City, specializing in blockchain innovation and the development of digital asseUnited States$230M- TTDE-$28M
SparkswapSparkSwap is a decentralized cryptocurrency exchange that allows traders to trade peer-to-peer, eliminating the risk of a centraliUnited States$3.5M- QCQuorum ControlQuorum Control is building a platform for digital ownership.Germany$2.9M
- DDDEXThe most user-friendly decentralized exchange for Ethereum-based tokens.China$2.1M
Series A
2 startups · $27M raised
- BTBison TrailsUnited States$26M
CoinAlpha, Inc.Quant/algo market maker software; market-making and token liquidity solutions; creators of Hummingbot open-source crypto trading bot.United States$1.6M
How this map is made. Every startup here works in Web3 & Crypto and has raised money in a round we track that names Initialized Capital as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.
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