About Cadenza
Cadenza is a venture capital firm founded in 2018. It is primarily based out of San Francisco, United States. As of Jul 2026, Cadenza is an active investor, having invested in 50 companies, with 2 new investments 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 High Tech and FinTech. Most recently it participated in the $***** Series A round of Pangram Overall, Cadenza portfolio has seen 2 unicorns and 2 acquisitions including key companies like CoinDCX, Together AI and BSX. A lot of funds co-invest with Cadenza, with names like Kingsway Capital sharing a substantial percentage of its portfolio. Cadenza has team of 19 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
Deals in last 12 months
Cadenza's List of Top Investments
Cadenza has a portfolio of 50 companies, including 2 unicorns. Their most notable investments are in Miru Labs and Stakes.Their portfolio spans across United States, United Kingdom, India and 14 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 8 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Cadenza:1. CoinDCX
Provider of cryptocurrency exchange services. This platform enables users to trade various digital assets through a secure and intuitive interface. It offers tools for buying, selling, and managing portfolios of cryptocurrencies, catering to both retail and professional traders. The service focuses on providing liquidity and market access for a wide range of blockchain-based tokens.
Key facts about CoinDCX
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $247M
- Employee Count: 101 as on May 31, 2026
- Investors: Steadview, Temasek and 32 Others
- Latest Funding Round: Series D, Oct 15, 2025, $*****
- Highlight: Editors' Pick
2. PDAX
PDAX is an online exchange platform for cryptocurrencies. Allows users to buy, sell, and manage cryptocurrencies and utility tokens. Supports Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin.
Key facts about PDAX
- Founded Year: 2017
- Location: Makati (Philippines)
- Stage: Series B
- Total Funding till date: $62.5M
- Employee Count: 281 as on Aug 31, 2026
- Investors: Kingsway Capital, Tiger Global Management and 13 Others
- Latest Funding Round: Series B, Feb 10, 2022, $*****
- Highlight: Editors' Pick
3. Together AI
Provider of a platform for developing, fine-tuning, and deploying AI models. The platform offers tools for model evaluation, code execution, and finding appropriate models for specific use cases. It provides access to GPU cloud services, including instant and reserved clusters. The platform supports model training, inference, and pre-training.
Key facts about Together AI
- Founded Year: 2022
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $1.33B
- Employee Count: 436 as on Aug 31, 2026
- Investors: Emergence Capital, Salesforce Ventures and 33 Others
- Latest Funding Round: Series C, Jul 01, 2026, $*****
- Highlight: Editors' Pick
4. VALR
App-based platform for cryptocurrency trading. It uses AI and machine learning technology to validate the identity of the trader. It allows users to securely buy, store and sell cryptocurrencies.
Key facts about VALR
- Founded Year: 2018
- Location: Johannesburg (South Africa)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $55M
- Employee Count: 35 as on Aug 31, 2026
- Investors: F-Prime Capital, Third Prime and 13 Others
- Latest Funding Round: Series B, Mar 01, 2022, $*****
- Highlight: Editors' Pick
5. Injective
Developer of a layer one blockchain for decentralised finance applications. It provides pre-built modules to simplify application development with dynamic smart contracts. The blockchain focuses on speed and low costs for on-chain transactions. It supports a Web3 financial ecosystem with various applications, connected chains, and infrastructure. The platform facilitates creating wallets, acquiring native tokens, bridging assets, and staking.
Key facts about Injective
- Founded Year: 2018
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $52.6M
- Employee Count: 136 as on Aug 31, 2026
- Investors: Innovating Capital, CMS Holdings and 23 Others
- Latest Funding Round: Series A, Aug 10, 2022, $*****
- Highlight: Editors' Pick
Cadenza's Year-on-Year Investment Trends
Cadenza has invested in 50 companies over the last 5 years, with an average of 8 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in Quantum Bridge Technologies and most recent follow-on round was in Pangram.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 5 | 1 | 6 |
2024 | 5 | 0 | 5 |
2023 | 4 | 0 | 4 |
2022 | 16 | 0 | 16 |
2021 | 16 | 0 | 16 |
Cadenza's Investments by Stage
Cadenza has made 30 investments in Seed stage with an average round size of $5.34M, 14 investments in Series A stage with an average round size of $8.76M, 3 investments in Series B stage with an average round size of $70M and 1 investment in Series D stage with an average round size of $135M.Stage of entry | No. of Investments |
|---|---|
Seed | 30 |
Series A | 14 |
Series B | 3 |
Series D | 1 |
Note: We have considered here, only first round of investments
Cadenza's Investments by Sector
Cadenza has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, Blockchain - Industry Applications, High Tech and Enterprise Applications. Notably, it has invested in 49 Tech companies, 35 Blockchain companies, 30 Consumer (B2C) companies and at least 28 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 33 |
FinTech | 32 |
Blockchain - Industry Applications | 28 |
High Tech | 28 |
Enterprise Applications | 15 |
Others | 14 |
Note: We have considered here, only first round of investments
Cadenza's Investments by Geography
Cadenza has made most investments in United States (24), followed by United Kingdom where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 24 |
United Kingdom | 4 |
India | 3 |
Argentina | 2 |
Canada | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
Cadenza's recent investments
Cadenza has made 3 investments in 2026 so far. Pangram and Quantum Bridge Technologies are the latest among them.Here are the most recent investments by Cadenza:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 29, 2026 | United States | Series A | 6358 | [+3] | |
May 20, 2026 | Canada | Series A | 1614 | [+4] | |
Apr 09, 2026 | United Kingdom | Series A | 5496 | [+7] | |
Sep 12, 2025 | United States | Seed | 1501 | [+4] | |
Jun 25, 2025 | Cayman Islands | Seed | 9843 | [+7] |
Unicorns in Cadenza's Portfolio
Cadenza has 2 unicorns in its portfolio - Together AI and CoinDCX. The most recent unicorn in their portfolio is Together AI. It became a unicorn in 2024.Here is a list of unicorns in Cadenza's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Provider of a platform for developing, fine-tuning, and deploying AI models | 2022 | San Francisco | Series C | {zztlmr | ||
83 | Provider of cryptocurrency exchange services | 2018 | Mumbai | Series D | hxlxyoy |
Acquired companies in Cadenza's Portfolio
2 companies from Cadenza's portfolio have been acquired. The most recent acquisition was BSX in Nov 2025 by RISE Chain for $*****.Here are Cadenza's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 11, 2025 | Aug 22, 2024 | Seed | 3158 | |
Apr 16, 2024 | May 03, 2022 | Seed | 7885 |
Team profile of Cadenza
Cadenza has a team of 19 members including 5 Partners, 5 Venture Partners and 1 Principal located in United States, South Korea and 1 more location. Cadenza's team does not sit on the board of any company as of now.Here is a list of top team members in Cadenza:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | - | - | ||
Partner | Berkeley | - | - | |
Partner | South Korea | - | ||
Partner | United Arab Emirates | - | - | |
Venture Partner | - | - | ||
Venture Partner | - | - | ||
Venture Partner | - | - | - | |
Venture Partner | - | - | - | |
Venture Partner | New York City | - | ||
Principal | New York City | - |
Co-investors of Cadenza
Over the past 5 years, 491 investors have co-invested in Cadenza's portfolio companies. This includes funds and angels.
- Invested before Cadenza: Coinbase, BitMEX and 107 others have invested in rounds before Cadenza. There are 5 companies where Coinbase has invested before Cadenza and 3 companies where BitMEX has invested before Cadenza.
- Top Co-investors of Cadenza: 293 investors entered a company along with Cadenza. These include investors like Kingsway Capital (4 companies).
- Invested after Cadenza: A total of 89 investors have invested in Cadenza's portfolio after their investments. Top Investors include General Catalyst (2 companies), F-Prime Capital (2 companies) and Salesforce Ventures (1 company).
Recent News related to Cadenza
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Quantum Bridge Secures $8M Series A to Combat Quantum Cybersecurity RisksTech Funding News•May 20, 2026•Primo Capital, Quantum Bridge Communications, Quantum Bridge Technologies, Bacchus Venture Capital and 4 others
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Pangram Secures $4 Million Seed Funding for AI Detection Technologyintelligence360•Jul 02, 2025•Pangram, ScOp Venture Capital, Script Capital, Cadenza and 1 other
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Pangram Closes $4 Million in Seed Funding for AI Detection TechnologyMarTech Series•Jun 25, 2025•Pangram, Script Capital, ScOp Venture Capital, Cadenza and 1 other
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Pangram raises $4M to detect AI-written content, led by ScOpTechStartups.com•Jun 24, 2025•Cadenza, Script Capital, Pangram
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Rime Secures $5.5M Seed Funding Led by Unusual Ventures for Speech Tools ExpansionFinSMEs•May 30, 2025•Unusual Ventures, Rime, Foundersysk, Cadenza
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Canada Ribbon Raises $8M in FundingFinSMEs•Mar 31, 2025•Ribbon, Radical Ventures, Social Leverage, Cadenza and 1 other
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Together AI Raises $305 Million To Expand AI Acceleration Cloud For Open Source And Enterprise AISuperbCrew•Feb 24, 2025•Together AI, General Catalyst, Prosperity7 Ventures, Nvidia and 16 others
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Together AI notches $3.3 billion valuation after General Catalyst-led fundraisingReuters•Feb 20, 2025•Together AI, General Catalyst, Coatue, Aramco Ventures and 31 others
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Cadenza Raises $50MM for Early Stage AI Venture FundBusiness Wire•Dec 03, 2024•Cadenza, Together AI, Apple
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Validation Cloud secures $10 million lead investment from True Global Ventures to scale AI for Web3APA-OTS•Nov 07, 2024•Validation Cloud, TGV, Cadenza, Blockwall and 4 others
