About Div
Div is a venture capital firm founded in 2020. It is primarily based out of San Francisco, United States. As of Aug 2023, Div has invested in 55 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 FinTech and High Tech. Most recently it participated in the $***** Series A round of RECUR Overall, Div portfolio has seen 4 unicorns including key companies like Axelar, 1inch and Offchain Labs. A lot of funds co-invest with Div, with names like CMS Holdings sharing a substantial percentage of its portfolio. Div has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Unicorns
Div's List of Top Investments
Div has a portfolio of 55 companies, including 4 unicorns. Their most notable investments are in Anima and Armor.Their portfolio spans across United States, United Kingdom, France and 13 more locations. They have invested in Blockchain Technology, FinTech, High Tech and 8 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Div:1. 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: 141 as on Sep 30, 2026
- Investors: Innovating Capital, CMS Holdings and 23 Others
- Latest Funding Round: Series A, Aug 10, 2022, $*****
- Highlight: Editors' Pick
2. Compound
P2P lending platform based on the Ethereum blockchain. The platform analyzes supply and demand for a particular crypto asset to set a fluctuating interest rate that adjusts according to market conditions. Also allows the developers to monetize and borrow tokens in their applications using the compound protocol.
Key facts about Compound
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $79.4M
- Employee Count: 12 as on May 31, 2026
- Investors: 2020 Ventures, DHVC and 32 Others
- Latest Funding Round: Series B, Nov 04, 2022, $*****
3. 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
4. Celestia
Blockchain-based modular consensus and data network. It features a pluggable consensus and data availability layer, to enable users to deploy a decentralized blockchain. Modularizes the blockchain technology stack by decoupling the consensus and application execution layer.
Key facts about Celestia
- Founded Year: 2011
- Location: Vaduz (Liechtenstein)
- Stage: Series C
- Total Funding till date: $204M
- Employee Count: 53 as on Sep 30, 2026
- Investors: Paragon Equity Partners, Galaxy and 49 Others
- Latest Funding Round: Series C, Sep 23, 2024, $*****
5. 1inch
Decentralized financial solutions. It unites decentralized protocols whose synergy enables the protected operations in the Defi space. It also offers access to hundreds of liquidity sources across multiple chains, including Ethereum, BNB Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum, Fantom, and Gnosis Chain. Features include the aggregation protocol, the liquidity protocol, the limit order protocol, wallet, and mobile application for storing, receiving, sending, and swapping crypto assets.
Key facts about 1inch
- Founded Year: 2019
- Location: Tortola (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $190M
- Employee Count: 148 as on Sep 30, 2026
- Investors: Republic Capital, Orthogonal Thinker and 51 Others
- Latest Funding Round: Series B, Dec 01, 2021, $*****
- Highlight: Editors' Pick
Div's Year-on-Year Investment Trends
Div has invested in 55 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in RECUR and most recent follow-on round was in Anima.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 2 | 1 | 3 |
2021 | 32 | 1 | 33 |
2020 | 5 | 0 | 5 |
Div's Investments by Stage
Div has made 31 investments in Seed stage with an average round size of $3.17M and 9 investments in Series A stage with an average round size of $11.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 31 |
Series A | 9 |
Note: We have considered here, only first round of investments
Div's Investments by Sector
Div has a diverse portfolio, with companies operating in the Blockchain Technology, Blockchain - Industry Applications, FinTech, High Tech and Enterprise Applications. Notably, it has invested in 54 Blockchain companies, 54 Tech companies, 35 Consumer (B2C) companies and at least 32 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 37 |
Blockchain - Industry Applications | 32 |
FinTech | 32 |
High Tech | 29 |
Enterprise Applications | 11 |
Others | 16 |
Note: We have considered here, only first round of investments
Div's Investments by Geography
Div has made most investments in United States (19), followed by United Kingdom where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 19 |
United Kingdom | 5 |
France | 3 |
Singapore | 3 |
Canada | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Div's recent investments
Div has not made any investment in 2026 so far.Here are the most recent investments by Div:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 20, 2023 | United States | Series A | 1507 | [+17] | |
Dec 15, 2022 | United States | Seed | 1079 | [+5] | |
Jun 07, 2022 | United Kingdom | Series A | 6403 | [+4] | |
Feb 09, 2022 | United States | Seed | 1318 | [+10] | |
Dec 08, 2021 | France | Seed | 2443 | [+8] |
Unicorns in Div's Portfolio
Div has 4 unicorns in its portfolio - Axelar, Dune Analytics, 1inch and others. The most recent unicorn in their portfolio is Axelar. It became a unicorn in 2022, 1 years after Div first invested in it.Here is a list of unicorns in Div's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Online platform for cross-chain communication for web3 | 2020 | Toronto | Series B | liytyyo | ||
54 | Data and analytics solutions for cryptocurrency | 2018 | Oslo | Series B | yigwa{i | ||
67 | Provider of decentralized finance infrastructure for cross chain token swaps | 2019 | Tortola | Series B | tfynkqi | ||
64 | Developer of solutions for Ethereum smart contracts | 2018 | Princeton | Series B | ckntqrg |
Team profile of Div
Div has a team of 2 members located in United States. Div's team does not sit on the board of any company as of now.Co-investors of Div
Over the past 6 years, 384 investors have co-invested in Div's portfolio companies. This includes funds and angels.
- Invested before Div: Max Ventures, Kindred Ventures and 26 others have invested in rounds before Div. There is 1 company where Max Ventures has invested before Div and 1 company where Kindred Ventures has invested before Div.
- Top Co-investors of Div: 214 investors entered a company along with Div. These include investors like CMS Holdings (9 companies).
- Invested after Div: A total of 142 investors have invested in Div's portfolio after their investments. Top Investors include Nima Capital (3 companies), RockawayX (3 companies) and Polychain (2 companies).
Recent News related to Div
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