# Wintermute Ventures' Web3 & Crypto Investments: 18 Startups in Its Portfolio (2026) > The 18 Web3 & Crypto startups Wintermute Ventures has backed, by stage: $1.4B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/wintermute-ventures-web3-crypto-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Pre-seed and seed 10 - [Neon Labs](https://millionrounds.com/company/neon-labs) - [*IC* Inversion Capital](https://millionrounds.com/company/inversion-capital) - [Econia Labs](https://millionrounds.com/company/econia-labs) - [Size](https://millionrounds.com/company/size) - [Primex Finance](https://millionrounds.com/company/primex-finance) - [DFlow](https://millionrounds.com/company/dflow) - [Blum](https://millionrounds.com/company/blum) - [PsyOptions](https://millionrounds.com/company/psyoptions) - [HAL](https://millionrounds.com/company/hal) - [MYSO Finance](https://millionrounds.com/company/myso-finance) ## Series A 4 - [Tempus](https://millionrounds.com/company/tempus) - [*P* Pascal](https://millionrounds.com/company/pascal) - [Ostium](https://millionrounds.com/company/ostium) - [*B* Based](https://millionrounds.com/company/based) ## Stage not reported 4 - [*S* Serum](https://millionrounds.com/company/serum) - [Turnkey](https://millionrounds.com/company/turnkey) - [*A* Analog](https://millionrounds.com/company/analog) - [*R* Raven](https://millionrounds.com/company/raven) ## Segment by segment ### Pre-seed and seed 10 startups · $104M raised - [**Neon Labs**](https://millionrounds.com/company/neon-labs) Neon provides a visual content performance platform to help customers identify images that improve user click rates. Cayman Islands $40M - [*IC* **Inversion Capital**](https://millionrounds.com/company/inversion-capital) United States $27M - [**Econia Labs**](https://millionrounds.com/company/econia-labs) Econia Labs is a decentralized finance (DeFi) infrastructure company founded in 2022, based in Portland, Oregon. United States $6.5M - [**Size**](https://millionrounds.com/company/size) Size is a digital credit platform that provides services to the financial market. United States $6.0M - [**Primex Finance**](https://millionrounds.com/company/primex-finance) Decentralized Prime Brokerage that connects lenders, traders and market makers. Estonia $5.7M - [**DFlow**](https://millionrounds.com/company/dflow) DFlow is a decentralized order flow marketplace platform dedicated to providing retail traders with liquidity source support. Nicaragua $5.5M - [**Blum**](https://millionrounds.com/company/blum) Blum is a Telegram-native crypto ecosystem and hybrid exchange that aims to make cryptocurrency trading accessible, especially for United Arab Emirates $5.0M - [**PsyOptions**](https://millionrounds.com/company/psyoptions) PsyOptions is beta software and is a fully decentralized options protocol. Cayman Islands $3.1M ### Series A 4 startups · $1.1B raised - [**Tempus**](https://millionrounds.com/company/tempus) Cayman Islands $1.0B - [*P* **Pascal**](https://millionrounds.com/company/pascal) United States $36M - [**Ostium**](https://millionrounds.com/company/ostium) Ostium Labs, Co. United States $24M - [*B* **Based**](https://millionrounds.com/company/based) United States $15M ### Stage not reported 4 startups · $171M raised - [*S* **Serum**](https://millionrounds.com/company/serum) Serum operates as a decentralized exchange (DEX) platform focusing on the financial ecosystem. United States $100M - [**Turnkey**](https://millionrounds.com/company/turnkey) Turnkey is a blockchain technology company based in New York, founded in 2022. United States $43M - [*A* **Analog**](https://millionrounds.com/company/analog) United States $20M - [*R* **Raven**](https://millionrounds.com/company/raven) Raven supercharged DeFi. Bulgaria $8.1M **How this map is made.** Every startup here works in Web3 & Crypto and has raised money in a round we track that names Wintermute Ventures 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) [Co-investors **Who invests with Wintermute Ventures** 27 co-investors](https://millionrounds.com/portfolio-maps/wintermute-ventures-co-investors)[Sector portfolio **Y Combinator's AI portfolio** 1,143 startups · $44B](https://millionrounds.com/portfolio-maps/y-combinator-ai-portfolio)[Sector portfolio **Y Combinator's Fintech portfolio** 338 startups · $24B](https://millionrounds.com/portfolio-maps/y-combinator-fintech-portfolio)[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) ## Raising from investors like Wintermute Ventures? 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