Nascent is a multi-strategy investment firm focused on crypto, DeFi, and open finance, investing in both venture and liquid strategies. Founded in 2020, it backs early-stage crypto founders building products and primitives for an open financial world.
49% of their portfolio is in Crypto & Web3. Deal activity increased 300% year-over-year (4 deals in the last 12 months). Average disclosed round size is $13.6M (across 43 rounds with reported amounts).
Portfolio
41
Fund Size
—
Top Stage
Series A
Last 12 Mo
4
Team
TA
Trey Addison
Co-Founder & Managing Partner
AC
Archie Cochrane
General Partner
DE
Dan Elitzer
Building and backing early-stage teams
JS
Jack Simison
Investor
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
45 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Bundle | Pre-Seed | $5.5M | Jul 2026 |
 Tenbin | Seed | $7M | Jan 2026 |
 Project Eleven | Series A | $20M | Jan 2026 |
 Tenbin | Seed | $7M | Jan 2026 |
 Cordant | Seed | $8M | Jan 2026 |
 Kleva | Seed | $1.6M | Jan 2026 |
 Pye | Seed | $5.5M | Dec 2025 |
 Ligero | Seed | $4M | Feb 2025 |
 Whetstone Research | Pre-Seed | $1.3M | Jan 2025 |
 Tulip | Seed | $200M | Jan 2025 |
 Initia | Seed | $7.5M | Feb 2024 |
 Sorella Labs | Unknown | $7.5M | Jan 2024 |
 EarthFast | Pre-Seed | $1.4M | Jan 2024 |
 Phylax | Pre-Seed | $4.5M | Jan 2024 |
 Superstate | Series A | $14M | Nov 2023 |
 Obol | Series A | $12.5M | Jan 2023 |
 Spearbit | Pre-Seed | $7M | Jan 2023 |
 Informal Systems | Unknown | $5.3M | Jan 2023 |
 Obol | Series A | $12.5M | Jan 2023 |
| Superstate | Series A | $14M | Jan 2023 |
 Mezo | Series A | $21M | Dec 2022 |
 Bitwave | Series A | $15M | Dec 2022 |
 Hologram | Seed | $6.5M | Jul 2022 |
 SX Bet | Unknown | $9.5M | Apr 2022 |
 Liquifi | Seed | $5M | Apr 2022 |
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Top Co-Investors
Variant8 shared
Hack VC7 shared
The Spartan Group7 shared
Pantera Capital7 shared
Coinbase Ventures6 shared
ParaFi Capital6 shared
IOSG Ventures5 shared
Alliance DAO4 shared
Galaxy Ventures4 shared
Archetype4 shared
1confirmation4 shared
Bankless Ventures4 shared
Polychain Capital3 shared
CoinFund3 shared
CMCC Global3 shared
FJ Labs3 shared
Lattice2 shared
Y Combinator2 shared
Framework Ventures2 shared
Electric Capital2 shared
Last updated: 7 October 2026