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    Bitfury

    Amsterdam, NetherlandsFounded 2011

    Bitfury is a global technology incubator and investment firm that builds and funds companies across Web3, AI, and sustainable high-performance computing. It launched a $1 billion funding initiative to back mission-driven founders advancing ethical, science-based technologies.

    50% of their portfolio is in AI. Average disclosed round size is $99.5M (across 6 rounds with reported amounts).

    Find people at Bitfury on Goldilocks AI

    Portfolio

    3

    Fund Size

    $1B

    Top Stage

    Growth

    Last 12 Mo

    0

    Team

    MK

    Marat Kichikov

    Managing Partner, Investments and new opportunities

    SE

    Stijn Ehren

    Tax Director

    VV

    Val Vavilov

    CEO, Co-founder, Chairman

    AD

    Alexey Deyneko

    Head of Bitfury Mining Solutions

    GK

    George Kikvadze

    Executive Vice Chairman

    VK

    Vadim Krutov

    Group COO

    BD

    Bertrand des Pallieres

    BP

    Brian P. Brooks

    Portfolio Breakdown

    Stage Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    6 investments
    CompanyRoundAmountDate
    Axelera AI logoAxelera AISeries B$68MJun 2024
    AAxeleraSeed$12MNov 2021
    Axelera AI logoAxelera AIGrowth$250M
    Axelera AI logoAxelera AISeed$12M
    AAxeleraGrowth$250M
    MMoecoUnknown$5M

    Top Co-Investors

    Last updated: 8 September 2026