About Blizzard
Blizzard is a venture capital firm founded in 2021. It is primarily based out of New York City, United States. As of Dec 2025, Blizzard is an active investor, having invested in 122 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to FinTech and High Tech. Most recently it participated in the $***** Seed round of TomorrowNext Overall, Blizzard portfolio has seen 2 unicorns and 4 acquisitions including key companies like LayerZero Labs Canada Inc, Magna and Bware Labs. A lot of funds co-invest with Blizzard, with names like AVentures DAO sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Blizzard's List of Top Investments
Blizzard has a portfolio of 122 companies, including 2 unicorns. Their most notable investments are in Panoptic and Gunzilla.Their portfolio spans across United States, United Kingdom, China and 23 more locations. They have invested in Blockchain Technology, FinTech, High Tech and 15 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Blizzard:Omnichain interoperability protocol that unites decentralized applications. It enables the secure movement of messages and fungible tokens between several blockchains without the need for asset wrapping, middle chains, or liquidity pools.
Key facts about LayerZero Labs Canada Inc
2. Magna
Online platform offering coins enabling payments. Offers exchange analytics and insights on who’s selling or transferring tokens over time. Offers compliant token payments for vendors or contractors.
Key facts about Magna
- Founded Year: 2022
- Location: New York (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $15.7M
- Employee Count: 22 as on Sep 30, 2026
- Investors: Tiger Global Management, TVP and 24 Others
- Latest Funding Round: Seed, Sep 15, 2022, $*****
- Highlight: Acquired
3. ZenLedger
Cloud-based solutions for Crypto tax management companies. It allows crypto investors to manage portfolios, generate profit-loss statements, file taxes, and avoid IRS audits. The platform integrates with multiple exchanges to provide Capital Gains Reports, Income Reports, Donation Reports, and Closing Reports.
Key facts about ZenLedger
- Founded Year: 2017
- Location: Bellevue (United States)
- Stage: Series B
- Total Funding till date: $25.9M
- Employee Count: 14 as on Sep 30, 2026
- Investors: Accelerator Ventures, ParaFi and 28 Others
- Latest Funding Round: Series B, May 25, 2022, $*****
- Highlight: Editors' Pick
4. Crossmint
Online platform to create, sell & distribute NFTs. Its product portfolio includes payment services that enable purchases with credit cards and other cryptocurrencies, APIs for minting NFTs, and a wallet to store and manage digital assets.
Key facts about Crossmint
- Founded Year: 2022
- Location: Miami (United States)
- Stage: Series A
- Total Funding till date: $23.6M
- Employee Count: 79 as on Sep 30, 2026
- Investors: First Round Capital, Franklin Templeton Investments and 12 Others
- Latest Funding Round: Series A, Mar 18, 2025, $*****
- Highlight: Editors' Pick
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5. TheTie.io
Provider of data and analytics services for institutional crypto investors. It offers a platform providing access to proprietary datasets covering various aspects of the digital asset market, including market data, on-chain analytics, social media sentiment, and token unlock schedules. The platform also includes tools for charting, screening, and alerting, enabling sophisticated analysis and informed investment decisions. Additionally, application programming interfaces (APIs) allow integration of these datasets into quantitative models. The company also provides data redistribution services to other platforms and offers specialized services for token issuers.
Key facts about TheTie.io
Blizzard's Year-on-Year Investment Trends
Blizzard has invested in 122 companies over the last 4 years, with an average of 7 new investments annually in the last 3 years. In 2025, it made 5 investments. Its most recent first time investment was in TomorrowNext.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 5 | 0 | 5 |
2024 | 13 | 0 | 13 |
2023 | 5 | 0 | 5 |
2022 | 12 | 0 | 12 |
Blizzard's Investments by Stage
Blizzard has made 24 investments in Seed stage with an average round size of $3.75M, 10 investments in Series A stage with an average round size of $8.3M and 1 investment in Series C stage with an average round size of $30M.Stage of entry | No. of Investments |
|---|---|
Seed | 24 |
Series A | 10 |
Series C | 1 |
Note: We have considered here, only first round of investments
Blizzard's Investments by Sector
Blizzard has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, High Tech, Blockchain - Industry Applications and Enterprise Applications. Notably, it has invested in 102 Tech companies, 89 Blockchain companies, 79 Consumer (B2C) companies and at least 44 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 26 |
FinTech | 24 |
High Tech | 22 |
Blockchain - Industry Applications | 21 |
Enterprise Applications | 8 |
Others | 20 |
Note: We have considered here, only first round of investments
Blizzard's Investments by Geography
Blizzard has made most investments in United States (18), followed by China where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 18 |
China | 2 |
United Kingdom | 2 |
Finland | 1 |
Germany | 1 |
Others | 10 |
Note: We have considered here, only first round of investments
Blizzard's recent investments
Blizzard has not made any investment in 2026 so far.Here are the most recent investments by Blizzard:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 08, 2025 | United Kingdom | Seed | 4421 | [+1] | |
Jun 30, 2025 | United Arab Emirates | Seed | 7853 | [+8] | |
Jun 28, 2025 | United Kingdom | Seed | 9660 | [+2] | |
Jun 20, 2025 | Japan | Seed | 4599 | [+1] | |
May 16, 2025 | Finland | Seed | 7055 | [+4] |
Unicorns in Blizzard's Portfolio
Blizzard has 2 unicorns in its portfolio - SHRAPNEL and LayerZero Labs Canada Inc. The most recent unicorn in their portfolio is SHRAPNEL. It became a unicorn in 2025.Here is a list of unicorns in Blizzard's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
47 | NFT-based trading platform for digital games | 2021 | Seattle | Series A | kxcgzhl | ||
71 | Omnichain interoperability protocol that unites decentralized applications | 2021 | Vancouver | Series B | qsilfuf |
Acquired companies in Blizzard's Portfolio
4 companies from Blizzard's portfolio have been acquired. The most recent acquisition was Magna in Feb 2026 by Payward for $*****.Here are Blizzard's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 18, 2026 | - | - | 7129 | |
Jul 04, 2025 | - | - | 9290 | |
Aug 29, 2024 | Feb 23, 2022 | Series A | 2581 | |
Dec 14, 2023 | - | - | 7108 |
Co-investors of Blizzard
Over the past 4 years, 267 investors have co-invested in Blizzard's portfolio companies. This includes funds and angels.
- Invested before Blizzard: Morningstar Ventures, Flori Ventures and 51 others have invested in rounds before Blizzard. There are 2 companies where Morningstar Ventures has invested before Blizzard and 2 companies where Flori Ventures has invested before Blizzard.
- Top Co-investors of Blizzard: 182 investors entered a company along with Blizzard. These include investors like AVentures DAO (4 companies).
- Invested after Blizzard: A total of 32 investors have invested in Blizzard's portfolio after their investments. Top Investors include Greenfield Capital (1 company), HashKey Capital (1 company) and L1D (1 company).
Recent News related to Blizzard
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TomNext Secures Funding For Private Markets Intelligence PlatformStartup Rise EU•Dec 09, 2025•Altea Partners, Blizzard, TomorrowNext, Consello and 1 other
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TomNext Raises Funding to Build the Intelligence Layer for Private MarketsSalesTech Star•Dec 08, 2025•Altea Partners, Blizzard, TomorrowNext, Consello and 1 other
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DePIN Project dKloud Secures Revolutionary $3.15M Funding BoostCryptonews•Jun 28, 2025•Animoca Ventures, Blizzard, thetelosfoundation.org, DePIN Hub
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Questry Raised 260 Million Yen in Pre-Series A Funding RoundStartup Log•Jun 20, 2025•Blizzard, TIS, Questry
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DeFi Platform XSY.fi Secures $5 Million in Pre-A FundingPANews•May 16, 2025•xsy.fi, Protagonist, Borderless Capital, Paper Ventures and 3 others
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Dinari Raises $12.7M in Series A FundingFinSMEs•May 12, 2025•Blockchange, Dinari, Hack VC, VanEck and 2 others
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Dinari Raises $12.7M Series A to Bring U.S. Equities Onchain for the WorldFinancial IT•May 09, 2025•Dinari, Hack VC, Blockchange, VanEck and 2 others
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Web3 workflow protocol Halliday completes $20 million Series A financing, led by a16z cryptoPANews•Mar 18, 2025•Halliday, a16zcrypto, Halliday, Defikingdoms and 6 others
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Halliday, a Web3 workflow protocol developer, secures $20 million in Series A fundingcoinreaders.com•Mar 18, 2025•Halliday, Andreessen Horowitz, Halliday, Blizzard and 1 other
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Thetan World Secures Investment from Avalanche Blizzard Fund to Enhance Play-to-Earn Game EcosystemBitcoin Ethereum News•Nov 15, 2024•Thetan World, Blizzard
