About Cygni Capital
Cygni Capital is a venture capital firm founded in 2020. It is primarily based out of San Francisco, United States. As of Jul 2024, Cygni Capital has invested in 10 companies. It primarily invests in Seed round in France 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 B round of Sekai Overall, Cygni Capital portfolio has seen 3 unicorns, namely Sorare, Magic Eden and Axelar. A lot of funds co-invest with Cygni Capital, with names like Kima Ventures sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Portfolio Soonicorns
Cygni Capital's List of Top Investments
Cygni Capital has a portfolio of 10 companies, including 3 unicorns. Their most notable investmentis in DeepNFTValueTheir portfolio spans across United States, France, Canada and 1 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 5 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Cygni Capital:1. Sorare
Provider of blockchain-powered fantasy sports marketplace for a variety of sports. It gives users access to an NFT-based fantasy sports platform where they may play fantasy football in the site's gaming arena, gather virtual player cards, and exchange them for actual cryptocurrency. Additionally, it claims to confirm and authenticate player cards using the Ethereum blockchain. Multilingualism, squad formation and management, and recurring reporting are among its features.
Key facts about Sorare
Key facts about River Financial
- Founded Year: 2019
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $70M
- Employee Count: 131 as on Feb 28, 2026
- Investors: The Kraft Group, Craft Ventures and 19 Others
- Latest Funding Round: Series B, May 16, 2023, $*****
- Highlight: Editors' Pick
3. Magic Eden
Online marketplace for non-fungible tokens. It enables users to buy and sell NFT including digital arts, sports contests, events, digital games, and more. It also offers NFT creation, collection, and earns rewards for users.
Key facts about Magic Eden
- Founded Year: 2021
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $157M
- Employee Count: 133 as on Mar 31, 2026
- Investors: Lightspeed Venture Partners, Sequoia Capital and 24 Others
- Latest Funding Round: Series B, Jun 21, 2022, $*****
- Highlight: Editors' Pick
4. Axelar
Online platform for cross-chain communication for web3. It offers solutions for integrating decentralized applications into blockchain networks. It allows developers to host apps, move assets, communicate with applications on other chains using the Axelar API, and more.
Key facts about Axelar
Blockchain-based trading platform for cryptocurrencies. It offers solutions for Linear Buildr decentralized application for staking & building, Linear Exchange enables trading of a variety of liquid assets, Linear Swap for swap functionality.
Key facts about Linear Finance
- Founded Year: 2020
- Location: Hong Kong (China)
- Stage: Seed
- Total Funding till date: $7.8M
- Employee Count: 8 as on Jul 01, 2024
- Investors: Kima Ventures, Hashed and 17 Others
- Latest Funding Round: Seed, Jun 28, 2022, $*****
- Highlight: Editors' Pick
Cygni Capital's Year-on-Year Investment Trends
Cygni Capital has invested in 10 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. Its most recent first time investment was in Sekai and most recent follow-on round was in Linera.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 2 | 1 | 3 |
2022 | 4 | 0 | 4 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
Cygni Capital's Investments by Stage
Cygni Capital has made 4 investments in Seed stage with an average round size of $4.8M, 3 investments in Series A stage with an average round size of $13M and 2 investments in Series B stage with an average round size of $22.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 3 |
Series B | 2 |
Note: We have considered here, only first round of investments
Cygni Capital's Investments by Sector
Cygni Capital has a diverse portfolio, with companies operating in the Blockchain Technology, Blockchain - Industry Applications, FinTech, High Tech and Consumer. Notably, it has invested in 9 Tech companies, 8 Blockchain companies, 7 Enterprise (B2B) companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Blockchain Technology | 6 |
Blockchain - Industry Applications | 5 |
FinTech | 5 |
High Tech | 5 |
Consumer | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Cygni Capital's Investments by Geography
Cygni Capital has made most investments in France (4), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
France | 4 |
United States | 3 |
Canada | 1 |
China | 1 |
Note: We have considered here, only first round of investments
Cygni Capital's recent investments
Cygni Capital has not made any investment in 2026 so far.Here are the most recent investments by Cygni Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 11, 2024 | France | Series B | 8995 | [+10] | |
Dec 07, 2023 | France | Seed | 4242 | [+7] | |
Aug 16, 2023 | United States | Seed | 2552 | [+12] | |
May 16, 2023 | United States | Series B | 8954 | [+5] | |
Jul 12, 2022 | United States | Series A | 7742 | [+1] |
Unicorns in Cygni Capital's Portfolio
Cygni Capital has 3 unicorns in its portfolio - Magic Eden, Axelar and Sorare. The most recent unicorn in their portfolio is Magic Eden. It became a unicorn in 2022, 3 years before Cygni Capital first invested in it.Here is a list of unicorns in Cygni Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Online marketplace for non-fungible tokens | 2021 | San Francisco | Series B | iyfugaf | ||
68 | Online platform for cross-chain communication for web3 | 2020 | Toronto | Series B | o{mffxj | ||
79 | Provider of blockchain-powered fantasy sports marketplace for a variety of sports | 2018 | Saint Mande | Series B | zgwxoqa |
Co-investors of Cygni Capital
Over the past 6 years, 157 investors have co-invested in Cygni Capital's portfolio companies. This includes funds and angels.
- Invested before Cygni Capital: Seedcamp, Kima Ventures and 27 others have invested in rounds before Cygni Capital. There is 1 company where Seedcamp has invested before Cygni Capital and 1 company where Kima Ventures has invested before Cygni Capital.
- Top Co-investors of Cygni Capital: 60 investors entered a company along with Cygni Capital. These include investors like Kima Ventures (4 companies).
- Invested after Cygni Capital: A total of 68 investors have invested in Cygni Capital's portfolio after their investments. Top Investors include Laser Digital (2 companies), Lionel Messi (1 company) and Benchmark (1 company).
