CMS Holdings is a proprietary, partner-owned venture capital firm focused on making investments across the cryptoasset ecosystem, deploying capital in both liquid and illiquid crypto tokens as well as equity stakes in blockchain companies. Founded in 2019 by ex-Circle Trade executives, the firm is based in New York.
30% of their portfolio is in Crypto & Web3. Deal activity decreased year-over-year (1 deal in the last 12 months vs 6 prior). Average disclosed round size is $10.3M (across 93 rounds with reported amounts).
Portfolio
88
Fund Size
—
Top Stage
Unknown
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
100 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Hypernova | Pre-Seed | $3M | May 2026 |
 Billy Bets | Pre-Seed | $1M | Sep 2025 |
| NNoxtua | Series B | — | Apr 2025 |
 Arch Network | Series A | $13M | Apr 2025 |
 Ambit Finance | Series A | $4.5M | Jan 2025 |
 Reppo | Unknown | $2.2M | Jan 2025 |
| ZZoo Finance | Unknown | $8M | Jan 2025 |
| BBilly Bets by Virtuals | Unknown | $1M | Jan 2025 |
| MMoonwalk Fitness | Unknown | $3.4M | Oct 2024 |
| DDrop Protocol | Seed | $4M | Oct 2024 |
| AAPRO Oracle | Seed | $3M | Oct 2024 |
 UXUY | Seed | $7M | May 2024 |
| SScallop | Unknown | $3M | Mar 2024 |
 Scallop Protocol | Unknown | $3M | Mar 2024 |
 Root Protocol | Seed | $10M | Jan 2024 |
 Hermetica | Seed | $1.7M | Jan 2024 |
 Velar | Unknown | $3.5M | Jan 2024 |
| Scallop Protocol | Unknown | $3M | Jan 2024 |
| Arch Network | Seed | $7M | Jan 2024 |
| BBBOX | Pre-Seed | $2.7M | Jan 2023 |
| CC3 Protocol | Seed | $6M | Jan 2023 |
| RRoot Protocol(NFT3) | Seed | $2.5M | Jan 2023 |
| WWebb Protocol | Seed | $7M | Jan 2023 |
| WWebb | Seed | $7M | Jan 2023 |
 Stakes | Seed | $5.3M | May 2022 |
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Top Co-Investors
Genblock Capital13 shared
Signum Capital12 shared
Polychain Capital11 shared
DeFiance Capital8 shared
Jump Capital8 shared
Pantera Capital7 shared
Hashed7 shared
Multicoin Capital7 shared
Alliance DAO7 shared
Delphi Digital7 shared
ParaFi Capital6 shared
Animoca Brands6 shared
Binance5 shared
Divergence Ventures5 shared
Electric Capital5 shared
NGC Ventures5 shared
UOB Venture Management5 shared
Reciprocal Ventures5 shared
Cadenza4 shared
Dragonfly4 shared
Last updated: 20 October 2026