Bain Capital Crypto is a purpose-built investment platform backing renegades and pioneers building the next generation of open internet infrastructure. It makes concentrated investments from early-stage protocols through growth, focusing on crypto, web3, and decentralized infrastructure.
35% of their portfolio is in Crypto & Web3. Deal activity increased 200% year-over-year (3 deals in the last 12 months). Average disclosed round size is $37.7M (across 21 rounds with reported amounts).
Portfolio
21
Fund Size
$560M
Top Stage
Series B
Last 12 Mo
2
Team
KG
Kobi Gurkan
Partner and Head of Research
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
23 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Superstate | Series B | $82.5M | Jan 2026 |
 Meanwhile | Series B | — | Oct 2025 |
 M0 | Series B | $40M | Aug 2025 |
 Bluesky | Series B | $100M | Apr 2025 |
 Bluesky | Series B | $100M | Apr 2025 |
 Curio | Unknown | $5.7M | Jan 2024 |
 RISC Zero | Series A | $40M | Jul 2023 |
 Worldcoin | Series C | $115M | May 2023 |
 Orb Labs | Seed | $4.5M | Feb 2023 |
 Ulvetanna | Seed | $15M | Jan 2023 |
 Risc0 | Seed | $12M | Aug 2022 |
 Curio | Unknown | $5.7M | Jan 2022 |
| Curio | Unknown | $2.9M | Jan 2022 |
| VVenturePunk | Pre-Seed | $1.5M | Jan 2022 |
| Worldcoin | Series D | — | — |
 Primitive | Series A | $9M | — |
 Irreducible | Series A | $24M | — |
 Notebook Labs | Seed | $3.3M | — |
 Turnkey | Unknown | $12.5M | — |
| MMeanwhile Incorporated | Series A | $82M | — |
| SSkip Protocol | Seed | $6.5M | — |
| TTurnkey | Series B | $30M | — |
| CCelestia Labs | Seed | $100M | — |
Top Co-Investors
Galaxy Ventures4 shared
Pantera Capital3 shared
SevenX Ventures3 shared
Stonks3 shared
Human Ventures2 shared
Apollo Global Management, Inc.2 shared
Stillmark2 shared
Blockchain Capital2 shared
Maven 112 shared
Fenbushi Capital2 shared
Distributed Ventures2 shared
Alumni Ventures2 shared
Anthos Capital2 shared
True Ventures2 shared
Bloomberg Beta2 shared
Y Combinator2 shared
Paradigm2 shared
Variant2 shared
Wintermute Ventures2 shared
Last updated: 8 September 2026