About DeFiance Capital
DeFiance Capital is a venture capital firm founded in 2020. It is primarily based out of Singapore, Singapore. As of May 2024, DeFiance Capital has invested in 107 companies. It primarily invests in Seed round in Singapore 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 ARPA Overall, DeFiance Capital portfolio has seen 5 unicorns and 5 acquisitions including key companies like Consensys, LayerZero Labs Canada Inc and Offchain Labs. A lot of funds co-invest with DeFiance Capital, with names like Alameda Research sharing a substantial percentage of its portfolio. DeFiance Capital has team of 6 people including 1 partners.Key Metrics
DeFiance Capital's List of Top Investments
DeFiance Capital has a portfolio of 107 companies, including 5 unicorns. Their most notable investments are in Secret Network and Solice.Their portfolio spans across United States, Singapore, United Kingdom and 25 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 12 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by DeFiance Capital:
1. Solana
Developer of enterprise infrastructure for issuing assets and digital payments. This platform provides application programming interfaces and tools for tokenization, payment orchestration, and financial transaction settlement. It supports the creation of stablecoins and real-world assets, enabling institutions to facilitate cross-border money transfers and compliant on-chain financial operations. The technology stack includes resources for building decentralized applications, managing network data, and integrating automated agent workflows for various commercial use cases.
Key facts about Solana
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $374M
- Employee Count: 589 as on Sep 30, 2026
- Investors: World Capital Holdings Group, Foundation Capital and 95 Others
- Latest Funding Round: Series C, Jun 09, 2021, $*****
- Highlight: Editors' Pick
2. Consensys
Developer of blockchain and web3 software platform. Its product suite includes MetaMask, Infura, Linea, Truffle, Diligence, and an NFT platforms that supports users with building a dApp, an NFT collection, a portfolio, managing digital assets, and more.
Key facts about Consensys
- Founded Year: 2014
- Location: Fort Worth (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $725M
- Employee Count: 708 as on Sep 30, 2026
- Investors: Marshall Wace, Next Round Capital and 58 Others
- Latest Funding Round: Series D, Nov 09, 2022, $*****
- Highlight: Editors' Pick
3. Terra
Blockchain network for payments. It is an open-source blockchain payment platform for an algorithmic stablecoin, which are cryptocurrencies that automatically track the price of currencies or other assets. The platform enables users to spend, save, trade, or exchange Terra stablecoins.
Key facts about Terra
- Founded Year: 2018
- Location: Singapore (Singapore)
- Stage: Series B
- Total Funding till date: $125M
- Employee Count: 16 as on Sep 30, 2026
- Investors: TransLink Capital, Orthogonal Thinker and 42 Others
- Latest Funding Round: Series B, Jan 26, 2021, $*****
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
5. Avalanche
Provider of smart contracts platform for decentralized application development. It provides users with an open and programmable smart contracts platform for decentralized applications. Its services include launching Ethereum dApps, laughing customized blockchain, and more.
Key facts about Avalanche
- Founded Year: 2018
- Location: Tortola (United Kingdom)
- Stage: Funding Raised
- Employee Count: 243 as on Jul 31, 2026
- Investors: RAA Capital, Republic Capital and 44 Others
DeFiance Capital's Year-on-Year Investment Trends
DeFiance Capital has invested in 107 companies over the last 6 years, with an average of 9 new investments annually in the last 5 years. Its most recent first time investment was in ARPA and most recent follow-on round was in Dezy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 0 | 3 |
2023 | 0 | 0 | 0 |
2022 | 26 | 1 | 27 |
2021 | 41 | 0 | 41 |
2020 | 7 | 1 | 8 |
DeFiance Capital's Investments by Stage
DeFiance Capital has made 51 investments in Seed stage with an average round size of $6.38M, 20 investments in Series A stage with an average round size of $8.12M, 3 investments in Series B stage with an average round size of $17.7M, 2 investments in Series C stage with an average round size of $300M and 1 investment in Unattributed stage with an average round size of $6M.Stage of entry | No. of Investments |
|---|---|
Seed | 51 |
Series A | 20 |
Series B | 3 |
Series C | 2 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
DeFiance Capital's Investments by Sector
DeFiance Capital has a diverse portfolio, with companies operating in the Blockchain Technology, Blockchain - Industry Applications, FinTech, High Tech and Gaming. Notably, it has invested in 103 Tech companies, 95 Blockchain companies, 78 Consumer (B2C) companies and at least 46 companies focusing on Software.Sector | No. of Investments |
|---|---|
Blockchain Technology | 65 |
Blockchain - Industry Applications | 61 |
FinTech | 60 |
High Tech | 55 |
Gaming | 18 |
Others | 43 |
Note: We have considered here, only first round of investments
DeFiance Capital's Investments by Geography
DeFiance Capital has made most investments in Singapore (20), followed by United States where it has made 18 investments.Country | No. of Investments |
|---|---|
Singapore | 20 |
United States | 18 |
United Kingdom | 7 |
Canada | 4 |
China | 4 |
Others | 23 |
Note: We have considered here, only first round of investments
DeFiance Capital's recent investments
DeFiance Capital has not made any investment in 2026 so far.Here are the most recent investments by DeFiance Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 31, 2024 | United States | Series A | 9944 | [+4] | |
Apr 03, 2024 | Singapore | Seed | 2805 | [+5] | |
Feb 28, 2024 | Singapore | Seed | 8932 | [+23] | |
Nov 08, 2022 | United States | Seed | 2544 | ||
Oct 12, 2022 | Singapore | Seed | 3894 | [+1] |
Unicorns in DeFiance Capital's Portfolio
DeFiance Capital has 5 unicorns in its portfolio - SHRAPNEL, LayerZero Labs Canada Inc, Multichain and others. The most recent unicorn in their portfolio is SHRAPNEL. It became a unicorn in 2025, 3 years after DeFiance Capital first invested in it.Here is a list of unicorns in DeFiance Capital'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 | cqcdtrg | ||
71 | Omnichain interoperability protocol that unites decentralized applications | 2021 | Vancouver | Series B | nlhclns | ||
47 | Cross-chain router protocol for businesses | 2020 | Singapore | Seed | ut{jlaq | ||
75 | Developer of blockchain and web3 software platform | 2014 | Fort Worth | Series D | luheozm | ||
66 | Developer of solutions for Ethereum smart contracts | 2018 | Princeton | Series B | sg{wctl |
Acquired companies in DeFiance Capital's Portfolio
5 companies from DeFiance Capital's portfolio have been acquired. The most recent acquisition was Bloxroute in Jul 2026 by FalconX for $*****.Here are DeFiance Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2026 | - | - | 1013 | |
Nov 25, 2025 | Nov 08, 2022 | Seed | 2270 | |
Aug 20, 2024 | Jan 04, 2022 | Seed | 2718 | |
Feb 20, 2024 | May 31, 2024 | Series A | 9983 | |
May 17, 2022 | Nov 16, 2021 | Seed | 6303 |
Team profile of DeFiance Capital
DeFiance Capital has a team of 6 members including 1 Partner and 3 Principals located in Singapore. DeFiance Capital's team does not sit on the board of any company as of now.Here is a list of all team members in DeFiance Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | - | |
Principal | Singapore | - | - | |
Principal | Singapore | - | - | |
Principal | Singapore | - | - |
Co-investors of DeFiance Capital
Over the past 6 years, 567 investors have co-invested in DeFiance Capital's portfolio companies. This includes funds and angels.
- Invested before DeFiance Capital: The LAO, Alameda Research and 67 others have invested in rounds before DeFiance Capital. There are 2 companies where The LAO has invested before DeFiance Capital and 2 companies where Alameda Research has invested before DeFiance Capital.
- Top Co-investors of DeFiance Capital: 370 investors entered a company along with DeFiance Capital. These include investors like Alameda Research (18 companies).
- Invested after DeFiance Capital: A total of 128 investors have invested in DeFiance Capital's portfolio after their investments. Top Investors include Circle Ventures (3 companies), Binance (3 companies) and Coinbase (2 companies).
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