About ParaFi
ParaFi is a venture capital firm founded in 2018. It is primarily based out of Greenwich, United States. As of Sep 2026, ParaFi is an active investor, having invested in 113 companies, with 7 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 High Tech and FinTech. Most recently it participated in the $***** Series C round of Jeeves Overall, ParaFi portfolio has seen 12 unicorns, 8 IPOs and 4 acquisitions including key companies like Gemini, Uniswap and Aptos. A lot of funds co-invest with ParaFi, with names like Coinbase sharing a substantial percentage of its portfolio. ParaFi has team of 10 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio Unicorns
ParaFi's List of Top Investments
ParaFi has a portfolio of 113 companies, including 12 unicorns. Their most notable investments are in Blerify and deBridge.Their portfolio spans across United States, United Kingdom, Canada and 23 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 13 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by ParaFi:
1. Gemini
Platform offering crypto exchange solutions. It allows users to buy, sell, and trade digital assets including crypto and NFTs. It allows users to exchange digital currencies through electronic trading tools. The app is available on iOS and Android devices.
Key facts about Gemini
- Founded Year: 2014
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $424M
- Employee Count: 1,820 as on Sep 30, 2026
- Investors: RAA Capital, ARTFO Holdings and 28 Others
- Latest Funding Round: Series A, Nov 18, 2021, $*****
- Highlight: Public
2. 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: 565 as on Aug 31, 2026
- Investors: World Capital Holdings Group, Foundation Capital and 95 Others
- Latest Funding Round: Series C, Jun 09, 2021, $*****
- Highlight: Editors' Pick
3. Uniswap
Provider of a decentralized exchange platform for cryptocurrency. It offers state-of-the-art open-source apps to access the uni swap protocol. It empowers developers, liquidity providers, and traders to participate in a financial marketplace. It offers a protocol for creating liquidity and trading ERC-20 tokens on Ethereum.
Key facts about Uniswap
- Founded Year: 2018
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $176M
- Employee Count: 217 as on Sep 30, 2026
- Investors: 2020 Ventures, Hanover Capital and 52 Others
- Latest Funding Round: Series B, Oct 13, 2022, $*****
- Highlight: Editors' Pick
4. Aptos
Provider of protocols for building blockchain-based solutions. It offers users with a platform focused on building blockchain-based products and applications. It develops network tooling and ensures usability in order to offer the benefits of decentralization to the masses.
Key facts about Aptos
- Founded Year: 2021
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $350M
- Employee Count: 166 as on Aug 31, 2026
- Investors: Brighton Park Capital, Scribble Ventures and 34 Others
- Latest Funding Round: Series D, Sep 19, 2024, $*****
- Highlight: Editors' Pick
5. Polymarket
Online platform providing crypto-based betting games and activities. It is a crypto gambling platform offering various games for users. It allows users to place bets on various sports tournaments and leagues. The platform is offering cryptocurrency-based prediction market solutions, where users can buy and sell shares representing future event outcomes.
Key facts about Polymarket
- Founded Year: 2020
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $3.3B
- Employee Count: 500 as on Aug 31, 2026
- Investors: Founders Growth Equity Fund, WndrCo and 39 Others
- Latest Funding Round: Series D, Sep 01, 2026, $*****
- Highlight: Editors' Pick
ParaFi's Year-on-Year Investment Trends
ParaFi has invested in 113 companies over the last 7 years, with an average of 15 new investments annually in the last 5 years. In 2025, it made 14 investments, while as of Sep 2026, it has made 8 investments in this year. Its most recent first time investment was in Jeeves and most recent follow-on round was in Superstate.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 1 | 8 |
2025 | 12 | 2 | 14 |
2024 | 13 | 5 | 18 |
2023 | 7 | 0 | 7 |
2022 | 25 | 2 | 27 |
2021 | 35 | 2 | 37 |
2020 | 12 | 0 | 12 |
2019 | 1 | 0 | 1 |
ParaFi's Investments by Stage
ParaFi has made 49 investments in Seed stage with an average round size of $4.71M, 34 investments in Series A stage with an average round size of $23.7M and 8 investments in Series B stage with an average round size of $36.1M.Stage of entry | No. of Investments |
|---|---|
Seed | 49 |
Series A | 34 |
Series B | 8 |
Series C | 8 |
Post IPO | 7 |
Others | 6 |
Note: We have considered here, only first round of investments
ParaFi's Investments by Sector
ParaFi has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, Blockchain - Industry Applications, High Tech and Enterprise Applications. Notably, it has invested in 107 Tech companies, 98 Blockchain companies, 76 Enterprise (B2B) companies and at least 60 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Blockchain Technology | 95 |
FinTech | 83 |
Blockchain - Industry Applications | 78 |
High Tech | 71 |
Enterprise Applications | 35 |
Others | 41 |
Note: We have considered here, only first round of investments
ParaFi's Investments by Geography
ParaFi has made most investments in United States (55), followed by United Kingdom where it has made 9 investments.Country | No. of Investments |
|---|---|
United States | 55 |
United Kingdom | 9 |
Canada | 7 |
Singapore | 4 |
Switzerland | 4 |
Others | 30 |
Note: We have considered here, only first round of investments
ParaFi's recent investments
ParaFi has made 8 investments in 2026 so far. Jeeves and Limited are the latest among them.Here are the most recent investments by ParaFi:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 29, 2026 | United States | Series C | 3216 | [+11] | |
Sep 28, 2026 | United States | Seed | 4350 | [+7] | |
Apr 29, 2026 | Spain | Series A | 8553 | [+2] | |
Apr 29, 2026 | United States | Series A | 4353 | [+14] | |
Feb 25, 2026 | United States | Seed | 5211 | [+1] |
Unicorns in ParaFi's Portfolio
ParaFi has 12 unicorns in its portfolio - Polymarket, Wormhole, Uniswap and others. The most recent unicorn in their portfolio is Polymarket. It became a unicorn in 2025, 4 years after ParaFi first invested in it.Here is a list of unicorns in ParaFi's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
76 | Online platform providing crypto-based betting games and activities | 2020 | New York City | Series D | ipknaih | ||
64 | Provider of blockchain interoperability platform | 2020 | George Town | Series D | jayjzrz | ||
79 | Provider of a decentralized exchange platform for cryptocurrency | 2018 | New York City | Series B | mtmz{ye | ||
74 | Digital company offering payment and corporate financial cards | 2019 | New York City | Series C | emassso | ||
78 | Provider of protocols for building blockchain-based solutions | 2021 | Palo Alto | Series D | bumdeks |
IPOs and Publicly Listed companies in ParaFi's Portfolio
8 of ParaFi's portfolio companies have become public. Gemini got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 at marketcap of $1.22B and Bitwise got listed on the American Stock Exchange (NYSEAMERICAN).Here are ParaFi's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 12, 2025 | Nov 18, 2021 | Series A | 8157 | |
Jan 11, 2024 | Jun 15, 2021 | Series B | 9805 | |
Feb 09, 2015 | Aug 04, 2025 | Post IPO | 6030 | |
May 14, 2012 | Jan 16, 2025 | Post IPO | 5864 | |
Dec 19, 2003 | Jul 18, 2025 | Post IPO | 9242 |
Acquired companies in ParaFi's Portfolio
4 companies from ParaFi's portfolio have been acquired. The most recent acquisition was Bloxroute in Jul 2026 by FalconX for $*****.Here are ParaFi's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2026 | Apr 12, 2022 | Series B | 7137 | |
Oct 22, 2025 | Feb 01, 2024 | Series A | 9873 | |
Jun 30, 2022 | Mar 11, 2021 | Series D | 4506 | |
Dec 21, 2021 | Jan 31, 2019 | Seed | 5678 |
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Team profile of ParaFi
ParaFi has a team of 10 members including 5 Partners located in United States. ParaFi's team does not sit on the board of any company as of now.Here is a list of all team members in ParaFi:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Partner | United States | - | - | |
Partner | New York City | - | - | |
Partner | United States | - |
Co-investors of ParaFi
Over the past 7 years, 1228 investors have co-invested in ParaFi's portfolio companies. This includes funds and angels.
- Invested before ParaFi: Coinbase, Galaxy and 456 others have invested in rounds before ParaFi. There are 8 companies where Coinbase has invested before ParaFi and 7 companies where Galaxy has invested before ParaFi.
- Top Co-investors of ParaFi: 568 investors entered a company along with ParaFi. These include investors like Coinbase (14 companies).
- Invested after ParaFi: A total of 202 investors have invested in ParaFi's portfolio after their investments. Top Investors include Circle (3 companies), Franklin Templeton Investments (3 companies) and Blockchain Coinvestors (3 companies).
Recent News related to ParaFi
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Superstate Co-Founder's New Project Ground Completes $3.6M Pre-Seed RoundPANews•Jun 25, 2026•ParaFi, Nascent, Bain Capital Crypto, Chapter One
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Coinbase Ventures Invests in Blockworks at $192M Valuation to Bridge Crypto's Institutional Trust GapTech Funding News•Apr 29, 2026•Coinbase, Blockworks, Ventures Together, 20VC Fund and 10 others
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Fere AI Raises $1.3M to Put a Self-Improving Trading Agent in Everyone's HandsGlobeNewswire•Apr 23, 2026•Ethereal Ventures, Galaxy, Kosmos Ventures, FereAI and 3 others
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Birch Hill Raises $2.5M Pre-Seed Led by ParaFi Capital, Castle Island VenturesThe Block•Feb 11, 2026•ParaFi, Castle Island Ventures, Birch Hill Equity Partners, FalconX and 5 others
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Tech Jupiter DEX Secures $35M Strategic Investment From ParaFi CapitalBitcoin Ethereum News•Feb 02, 2026•Jupiter, ParaFi
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Tokenization firm Superstate raises $82.5 million to bring Wall Street onchainCoinDesk•Jan 22, 2026•Superstate, Bain Capital Crypto, Haun Ventures, Brevan Howard and 5 others
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BTG and Patria back Credix in $93m funding roundPrivate Equity Wire•Nov 10, 2025•Poligono, ParaFi, Credix, Patria Investments
