About DefinanceX
DefinanceX is a venture capital firm founded in 2019. It is primarily based out of United States. As of Feb 2024, DefinanceX has invested in 9 companies. 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 $***** Seed round of Dephy A lot of funds co-invest with DefinanceX, with names like Candaq Fintech Group sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
DefinanceX's List of Top Investments
DefinanceX has a portfolio of 9 companies. Their most notable investments are in Dephy and TeleportDAO.Their portfolio spans across United States, Canada and United Kingdom. They have invested in Blockchain Technology, High Tech, FinTech and 4 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by DefinanceX:
1. BabylonChain
Provider of a blockchin-based network solutions. It provides users with a blockchain platform that aims to enable Bitcoin holders to earn yields from their idle Bitcoins in a secure way, without the need for third-party trust or Bitcoin bridging to other chains.
Key facts about BabylonChain
- Founded Year: 2021
- Location: Palo Alto (United States)
- Stage: Series B
- Total Funding till date: $96M
- Employee Count: 77 as on May 31, 2026
- Investors: Hack VC, Breyer Capital and 41 Others
- Latest Funding Round: Series B, May 30, 2024, $*****
- Highlight: Editors' Pick
Platform offering a social wallet for web3 builders. It is non-custodial, multi-chain, and composable. It is an all-in-one platform for building web3 communities.
Key facts about Timeless Wallet
- Founded Year: 2022
- Location: Mountain View (United States)
- Stage: Funding Raised
- Employee Count: 6 as on Aug 31, 2026
- Investors: SNZ and DefinanceX
3. Dephy
Manufacturer of wearable ankle exoskeleton systems providing powered walking assistance. The technology consists of hardware worn on the lower leg to offer a mechanical boost during each stride. By targeting the ankle, the system reduces the physical effort required for daily movement and supports users through various activities. The device integrates sensors to adapt to the wearer's walking pattern, aiming to improve comfort and energy levels throughout the day. This hardware is compatible with specific footwear and is intended for individuals seeking additional support for routine mobility.
Key facts about Dephy
- Founded Year: 2016
- Location: Boxborough (United States)
- Valuation: $*****
- Stage: Seed
- Employee Count: 34 as on Aug 31, 2026
- Investors: Foresight Ventures, Waterdrip Capital and 7 Others
- Latest Funding Round: Seed, Feb 16, 2024, $*****
4. Subspace
Developer of a network providing infrastructure for decentralized AI applications. The network offers permanent data storage, data availability, and execution environments. It facilitates the development of AI-powered decentralized applications and agents. The network utilizes a consensus mechanism for transaction validation and settlement. It provides tools for developers to interact with the network.
Key facts about Subspace
- Founded Year: 2014
- Location: Palo Alto (United States)
- Stage: Series A
- Total Funding till date: $37.4M
- Employee Count: 22 as on Mar 31, 2026
- Investors: Republic Capital, Eniac Ventures and 31 Others
- Latest Funding Round: Series A, Mar 01, 2022, $*****
5. TeleportDAO
Provider of infrastructure for developers to build cross-chain applications. The users can move any data (messages like contract calls, or assets like tokens, NFT) from one blockchain (called source chain) to another blockchain (called target chain). It does this in a trustless manner and it works between any programmable and non-programmable blockchains.
Key facts about TeleportDAO
DefinanceX's Year-on-Year Investment Trends
DefinanceX has invested in 9 companies over the last 4 years, with an average of 0 new investment annually in the last 3 years. Its most recent first time investment was in Dephy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 2 | 0 | 2 |
DefinanceX's Investments by Stage
DefinanceX has made 4 investments in Seed stage with an average round size of $3.17M and 1 investment in Series A stage with an average round size of $32.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 1 |
Note: We have considered here, only first round of investments
DefinanceX's Investments by Sector
DefinanceX has a diverse portfolio, with companies operating in the Blockchain Technology, Blockchain - Industry Applications, FinTech, High Tech and Artificial Intelligence - Industry Applications. Notably, it has invested in 9 Tech companies, 8 Blockchain companies, 8 Consumer (B2C) companies and at least 3 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 4 |
Blockchain - Industry Applications | 3 |
FinTech | 3 |
High Tech | 3 |
Artificial Intelligence - Industry Applications | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
DefinanceX's Investments by Geography
DefinanceX has made most investments in United States (3), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 3 |
Canada | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
DefinanceX's recent investments
DefinanceX has not made any investment in 2026 so far.Here are the most recent investments by DefinanceX:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 16, 2024 | United States | Seed | 3034 | ||
Apr 10, 2023 | United Kingdom | Seed | 7486 | [+9] | |
Mar 16, 2023 | Canada | Seed | 4020 | [+5] | |
Apr 08, 2022 | United States | Seed | 7841 | [+5] | |
Mar 01, 2022 | United States | Series A | 5583 | [+19] |
Co-investors of DefinanceX
Over the past 4 years, 56 investors have co-invested in DefinanceX's portfolio companies. This includes funds and angels.
- Invested before DefinanceX: Hypersphere Ventures, Stratos Technologies and 10 others have invested in rounds before DefinanceX. There is 1 company where Hypersphere Ventures has invested before DefinanceX and 1 company where Stratos Technologies has invested before DefinanceX.
- Top Co-investors of DefinanceX: 44 investors entered a company along with DefinanceX. These include investors like Candaq Fintech Group (2 companies).
Recent News related to DefinanceX
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Teleportdao Raises US$2.5m in Seed FundingFinSMEs•Mar 16, 2023•TeleportDAO, AppWorks, DefinanceX, Quantstamp and 5 others
