About Fulgur Ventures
Fulgur Ventures is a venture capital firm founded in 2019. It is primarily based out of Wilmington, United States. As of Mar 2026, Fulgur Ventures is an active investor, having invested in 66 companies, with 8 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 FinTech and High Tech. Most recently it participated in the $***** Seed round of Utexo Overall, Fulgur Ventures portfolio has seen 2 unicorns, 1 IPO and 4 acquisitions including key companies like Blockstream, Sygnum and Fold. A lot of funds co-invest with Fulgur Ventures, with names like Initial Capital sharing a substantial percentage of its portfolio. Fulgur Ventures has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Fulgur Ventures' List of Top Investments
Fulgur Ventures has a portfolio of 66 companies, including 2 unicorns. Their most notable investments are in Relai and STOKR.Their portfolio spans across United States, United Kingdom, Canada and 22 more locations. They have invested in Blockchain Technology, FinTech, High Tech and 10 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Fulgur Ventures:1. Blockstream
Developer of blockchain-based platform building crypto-financial infrastructure. It provides users with detailed blockchain data through open-source block explorer and offers a hardware wallet for Bitcoin and liquid assets. It also operates the Blockstream satellite, which broadcasts the Bitcoin blockchain worldwide and provides enterprise-class Bitcoin mining services.
Key facts about Blockstream
- Founded Year: 2014
- Location: Montreal (Canada)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $651M
- Employee Count: 100 as on Mar 31, 2025
- Investors: Baillie Gifford, AME Cloud Ventures and 45 Others
- Latest Funding Round: Series C, Oct 15, 2024, $*****
- Highlight: Editors' Pick
2. Sygnum
Banking solutions for digital assets. It provides multiple solutions for digital assets such as custody, brokerage, tokenization, asset management, lending, B2B Banking, and more. It also offers venture capital funds for digital asset companies.
Key facts about Sygnum
- Founded Year: 2017
- Location: Zurich (Switzerland)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $218M
- Employee Count: 288 as on Mar 31, 2026
- Investors: Mutschler Ventures, Animoca Brands and 13 Others
- Latest Funding Round: Series C, Jan 14, 2025, $*****
- Highlight: Editors' Pick
3. Fold
Provider of a platform for earning bitcoin rewards and buying bitcoin. It offers a prepaid debit card for earning rewards on purchases. The platform facilitates buying bitcoin with options for instant and recurring purchases. It also allows users to pay bills and earn rewards on eligible payments.
Key facts about Fold
- Founded Year: 2014
- Location: Atlanta (United States)
- Stage: Public
- Total Funding till date: $60.1M
- Employee Count: 25 as on Jul 01, 2024
- Investors: Craft Ventures, ATW Partners and 9 Others
- Latest Funding Round: Post IPO, Sep 05, 2025, $*****
- Highlight: Public
4. Casa
Platform offering self-custody solutions for cryptocurrency. It provides more security than single hardware wallets, mobile phone wallets, browser extensions, and custodians. Users can download the app on Android & iOS devices.
Key facts about Casa
- Founded Year: 2016
- Location: Denver (United States)
- Stage: Series A
- Total Funding till date: $52.5M
- Employee Count: 84 as on Mar 31, 2026
- Investors: Acrew Capital, Blockchain Coinvestors and 21 Others
- Latest Funding Round: Series A, Dec 31, 2021, $*****
- Highlight: Editors' Pick
5. Striga
Online platform enabling businesses to offer crypto-based banking services. It is a platform with a single set of APIs that gives users access to Bitcoin, lightning account creation, management and tying it to mainstream European payment instruments – IBANs, cards and more.
Key facts about Striga
- Founded Year: 2017
- Location: Tallinn (Estonia)
- Annual Revenue: €742K as on Dec 31, 2022
- Stage: Acquired
- Total Funding till date: $125K
- Employee Count: 9 as on Sep 30, 2024
- Investors: Kube VC, Y Combinator and 7 Others
- Latest Funding Round: Seed, 2021, $*****
- Highlight: Acquired
Fulgur Ventures' Year-on-Year Investment Trends
Fulgur Ventures has invested in 66 companies over the last 7 years, with an average of 5 new investments annually in the last 5 years. In 2025, it made 9 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in Utexo and most recent follow-on round was in Blockstream.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 9 | 0 | 9 |
2024 | 3 | 1 | 4 |
2023 | 1 | 2 | 3 |
2022 | 6 | 2 | 8 |
2021 | 6 | 0 | 6 |
2020 | 1 | 0 | 1 |
2019 | 3 | 0 | 3 |
Fulgur Ventures' Investments by Stage
Fulgur Ventures has made 21 investments in Seed stage with an average round size of $2.98M, 7 investments in Series A stage with an average round size of $14.4M, 1 investment in Conventional Debt stage, 1 investment in Series B stage with an average round size of $34.5M and 1 investment in Series C stage with an average round size of $58M.Stage of entry | No. of Investments |
|---|---|
Seed | 21 |
Series A | 7 |
Conventional Debt | 1 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Fulgur Ventures' Investments by Sector
Fulgur Ventures has a diverse portfolio, with companies operating in the FinTech, Blockchain Technology, Blockchain - Industry Applications, High Tech and Enterprise Applications. Notably, it has invested in 60 Tech companies, 49 Blockchain companies, 45 Consumer (B2C) companies and at least 30 companies focusing on Software.Sector | No. of Investments |
|---|---|
FinTech | 21 |
Blockchain Technology | 19 |
Blockchain - Industry Applications | 17 |
High Tech | 17 |
Enterprise Applications | 10 |
Others | 14 |
Note: We have considered here, only first round of investments
Fulgur Ventures' Investments by Geography
Fulgur Ventures has made most investments in United States (9), followed by Switzerland where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 9 |
Switzerland | 3 |
Canada | 2 |
India | 2 |
Bermuda | 1 |
Others | 13 |
Note: We have considered here, only first round of investments
Fulgur Ventures' recent investments
Fulgur Ventures has made 2 investments in 2026 so far - Utexo and Fivebells.Here are the most recent investments by Fulgur Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 06, 2026 | British Virgin Islands | Seed | 7598 | [+16] | |
Mar 02, 2026 | - | Seed | 2051 | [+1] | |
Nov 05, 2025 | Switzerland | Series B | 1990 | [+1] | |
Oct 29, 2025 | Italy | Series A | 5936 | [+1] | |
Oct 29, 2025 | United Kingdom | Series A | 1958 |
Unicorns in Fulgur Ventures' Portfolio
Fulgur Ventures has 2 unicorns in its portfolio - Sygnum and Blockstream. The most recent unicorn in their portfolio is Sygnum. It became a unicorn in 2025.Here is a list of unicorns in Fulgur Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Banking solutions for digital assets | 2017 | Zurich | Series C | qbbdedm | ||
76 | Developer of blockchain-based platform building crypto-financial infrastructure | 2014 | Montreal | Series C | wevtmui |
IPOs and Publicly Listed companies in Fulgur Ventures' Portfolio
1 of Fulgur Ventures' portfolio company became public - Fold. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Feb 2025.Here are Fulgur Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 19, 2025 | Sep 25, 2019 | Seed | 4399 |
Acquired companies in Fulgur Ventures' Portfolio
4 companies from Fulgur Ventures' portfolio have been acquired. The most recent acquisition were Future Holdings in Jan 2026 by H100 Group.Here are Fulgur Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 12, 2026 | Nov 05, 2025 | Series B | 7525 | |
Oct 14, 2025 | - | - | 8454 | |
Jan 25, 2023 | - | - | 5534 | |
Jan 14, 2021 | - | - | 1420 |
Team profile of Fulgur Ventures
Fulgur Ventures has a team of 4 members including 2 Partners and 1 Principal located in Italy and United States. Fulgur Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Fulgur Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Italy | - | - | |
Partner | Burlington | - | ||
Principal | Turin | - |
Co-investors of Fulgur Ventures
Over the past 7 years, 223 investors have co-invested in Fulgur Ventures's portfolio companies. This includes funds and angels.
- Invested before Fulgur Ventures: Bitfinex, Horizons Ventures and 46 others have invested in rounds before Fulgur Ventures. There are 2 companies where Bitfinex has invested before Fulgur Ventures and 1 company where Horizons Ventures has invested before Fulgur Ventures.
- Top Co-investors of Fulgur Ventures: 125 investors entered a company along with Fulgur Ventures. These include investors like Initial Capital (4 companies).
- Invested after Fulgur Ventures: A total of 50 investors have invested in Fulgur Ventures's portfolio after their investments. Top Investors include ego death capital (3 companies), Concentric (3 companies) and Hivemind (2 companies).
Recent News related to Fulgur Ventures
•
Tether Joins $5.2M Round in Stablecoin Infrastructure Builder Ark LabsCryptocurrency•Mar 12, 2026•Tether, Ark Labs, Epochvc, ego death capital and 12 others
•
Utexo Raises $7.5M Led by Tether for Bitcoin USDT SettlementsNewMediaWire•Mar 06, 2026•Portal ventures, Big Brain Holdings, Tether, Utexo and 21 others
•
Five Bells Closes Seed Round to Expand Digital Asset Post-Trade Infrastructure PlatformBusiness Wire•Mar 02, 2026•ego death capital, Concentric, Fulgur Ventures, Epoch Converter and 4 others
•
Switzerland's FUTURE Raises CHF 28 Million in Funding RoundPR Newswire•Nov 05, 2025•Tobam, Fulgur Ventures, Nakamoto
•
•
Startup Hercle raises $10 million to build out stablecoin-based global money transfersCryptocurrency•Oct 29, 2025•Hercules, Exponent, Fulgur Ventures, F-Prime Capital
•
Hercle Raises $60M to Scale Institutional-Grade Infrastructure for Global Money MovementBusiness Wire•Oct 29, 2025•Hercle, Exponential Science, Fulgur Ventures, F-Prime Capital and 2 others
•
Meanwhile Secures $82M in Funding Round Led by Bain Capital Crypto & Haun VenturesBitcoin Insider•Oct 08, 2025•Meanwhile, Northwestern Mutual, Bain Capital Crypto, Haun Ventures and 10 others
•
Bitcoin Life Insurer Secures $82M Amid Rising Demand For Inflation-Proof Savingsbitcoinethereumnews.com•Oct 07, 2025•Meanwhile, Stillmark, Northwestern Mutual, Haun Ventures and 6 others
•
Capital B acquires 48 BTC for EUR 4.7M and updates on capital increasesWebDisclosure•Sep 15, 2025•B Capital, Tobam, Fulgur Ventures, Taurus and 1 other
