# Mechanism Capital's Web3 & Crypto Investments: 16 Startups in Its Portfolio (2026) > The 16 Web3 & Crypto startups Mechanism Capital has backed, by stage: $75M raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/mechanism-capital-web3-crypto-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Pre-seed and seed 12 - [MagicBlock](https://millionrounds.com/company/magicblock) - [PORTALS](https://millionrounds.com/company/portals) - [Trader Joe](https://millionrounds.com/company/trader-joe) - [Gudchain](https://millionrounds.com/company/gudchain) - [Atomic Form](https://millionrounds.com/company/atomic-form) - [Fjord Foundry](https://millionrounds.com/company/fjord-foundry) - [Mirai Labs](https://millionrounds.com/company/mirai-labs) - [DeFi.app](https://millionrounds.com/company/defi-app) - [Platypus Finance](https://millionrounds.com/company/platypus-finance) - [Divergence Protocol](https://millionrounds.com/company/divergence-protocol) - [Diagonal](https://millionrounds.com/company/diagonal) - [Runes DEX](https://millionrounds.com/company/runes-dex) ## Stage not reported 4 - [StripChain](https://millionrounds.com/company/stripchain) - [TokenScript](https://millionrounds.com/company/tokenscript) - [Cantina Royale](https://millionrounds.com/company/cantina-royale) - [Frontier](https://millionrounds.com/company/frontier) ## Segment by segment ### Pre-seed and seed 12 startups · $52M raised - [**MagicBlock**](https://millionrounds.com/company/magicblock) MagicBlock Labs is a gaming and technology firm that creates infrastructure for fully on-chain games. Singapore $7.5M - [**PORTALS**](https://millionrounds.com/company/portals) Portals is a no-code, in-browser game platform that enables anyone to unleash creativity to build and explore immersive, monetizable games. United States $7.0M - [**Trader Joe**](https://millionrounds.com/company/trader-joe) Trader Joe is a trading platform. Mexico $5.0M - [**Gudchain**](https://millionrounds.com/company/gudchain) Gudchain is the owner of a game production firm that aims to create web-3 games. United States $5.0M - [**Atomic Form**](https://millionrounds.com/company/atomic-form) Atomic Form is a New York-based company founded in 2020 that specializes in hardware and software for NFTs, digital art, and Web3 media. United States $4.5M - [**Fjord Foundry**](https://millionrounds.com/company/fjord-foundry) Fjord Foundry is a community-focused platform that connects creative projects with enthusiastic backers. Norway $4.3M - [**Mirai Labs**](https://millionrounds.com/company/mirai-labs) Mirai Labs is a consumer application builder and technology studio focused on creating innovative digital experiences. Vietnam $4.0M - [**DeFi.app**](https://millionrounds.com/company/defi-app) Defi App is a decentralized finance platform founded in 2024, based in the British Virgin Islands. United Kingdom $4.0M ### Stage not reported 4 startups · $23M raised - [**StripChain**](https://millionrounds.com/company/stripchain) StripChain is revolutionizing blockchain connectivity with intent-based interoperability. United States $10M - [**TokenScript**](https://millionrounds.com/company/tokenscript) TokenScript is a new standard for bridging Web2 and Web3. Australia $6.0M - [**Cantina Royale**](https://millionrounds.com/company/cantina-royale) Cantina Royale is a blockchain-based mobile gaming project that offers a free-to-play and play-to-earn intergalactic arcade game. Liechtenstein $4.5M - [**Frontier**](https://millionrounds.com/company/frontier) Frontier isthe North Star Brand Strategy for the Audience Age. Singapore $2.8M **How this map is made.** Every startup here works in Web3 & Crypto and has raised money in a round we track that names Mechanism Capital as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **Techstars' AI portfolio** 336 startups · $4.9B](https://millionrounds.com/portfolio-maps/techstars-ai-portfolio)[Sector portfolio **Alumni Ventures' AI portfolio** 302 startups · $36B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-ai-portfolio)[Sector portfolio **Andreessen Horowitz's AI portfolio** 259 startups · $426B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-ai-portfolio)[Sector portfolio **General Catalyst's AI portfolio** 226 startups · $179B](https://millionrounds.com/portfolio-maps/general-catalyst-ai-portfolio)[Sector portfolio **Sequoia Capital's AI portfolio** 209 startups · $543B](https://millionrounds.com/portfolio-maps/sequoia-capital-ai-portfolio)[Sector portfolio **Khosla Ventures' AI portfolio** 176 startups · $251B](https://millionrounds.com/portfolio-maps/khosla-ventures-ai-portfolio) ## Raising from investors like Mechanism Capital? 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