Wintermute Ventures invests in early-stage crypto and Web3 projects, leveraging its parent company's market-making expertise to provide strategic capital, liquidity, and advisory services. Their focus spans across DeFi, infrastructure, gaming, and other emerging blockchain technologies, aiming to support projects with long-term potential.
37% of their portfolio is in Fintech. Their most common stage is series-a (58% of deals). Average disclosed round size is $14.0M (across 18 rounds with reported amounts).
Portfolio
19
Fund Size
$289M
Top Stage
Series A
Last 12 Mo
3
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Crossover Markets | Series B | $31M | Mar 2026 |
| BBased | Series A | $11.5M | Feb 2026 |
| TTurtle Club | Seed | $6.2M | May 2025 |
 Codex PBC | Seed | $15.8M | Apr 2025 |
| DDfns | Series A | $16M | Jan 2025 |
 Notabene | Series B | $14.5M | Nov 2024 |
| Crossover Markets | Series A | $12M | Jun 2024 |
 Centrifuge | Series A | $15M | Apr 2024 |
 Taiko | Series A | $15M | Mar 2024 |
 Kiln | Series A | $17M | Jan 2024 |
| Kiln | Series A | $17M | Dec 2023 |
 Crossover Markets Group, Inc. | Seed | — | Mar 2023 |
 Zerion | Series B | $12.3M | Oct 2022 |
 Thalex | Series A | $7.5M | Jul 2022 |
 Ondo Finance | Series A | $20M | Apr 2022 |
| OOndo | Series A | $20M | Apr 2022 |
 Zeta Markets | Strategic | $8.5M | Dec 2021 |
 Angle Labs | Seed | $5M | Sep 2021 |
| Zerion | Series A | $8.2M | Jul 2021 |
Top Co-Investors
Coinbase Ventures5 shared
Flow Traders5 shared
Pantera3 shared
IOSG3 shared
Founders Fund3 shared
Illuminate Financial3 shared
Two Sigma Ventures2 shared
ParaFi Capital2 shared
Circle Ventures2 shared
Jump Capital2 shared
DRW Venture Capital2 shared
Tiger Global Management2 shared
Goldentree Asset Management2 shared
Steel Perlot2 shared
Amber Group2 shared
1kx2 shared
Crypto.com2 shared
Mosaic Ventures2 shared
Placeholder2 shared
GMO Internet Group1 shared
Last updated: 24 April 2026