About Warburg Serres
Warburg Serres is a venture capital firm founded in 2016. It is primarily based out of San Francisco, United States. As of Jan 2024, Warburg Serres has invested in 26 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Blockchain Technology and FinTech. Most recently it participated in the $***** Series A round of Bitfinity Network Overall, Warburg Serres portfolio has seen 3 unicorns and 1 acquisition including key companies like Ledger, Figment and DFINITY. A lot of funds co-invest with Warburg Serres, with names like ParaFi sharing a substantial percentage of its portfolio. Warburg Serres has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Warburg Serres' List of Top Investments
Warburg Serres has a portfolio of 26 companies, including 3 unicorns. Their most notable investments include Ledger and NEAR.Their portfolio spans across United States, Canada, United Kingdom and 7 more locations. They have invested in High Tech, Blockchain Technology, FinTech and 6 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Warburg Serres:
1. Ledger
Blockchain based hardware wallet for cryptocurrency. Its products offered include Nano X, Nano S, Blue, and OTG Kit. It supports multiple cryptocurrencies including Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, and more. It offers a vault which is a multi authorization cryptocurrency wallet management solution.
Key facts about Ledger
- Founded Year: 2014
- Location: Paris (France)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $575M
- Employee Count: 810 as on Aug 31, 2026
- Investors: RAA Capital, Felix Capital and 71 Others
- Latest Funding Round: Series C, Mar 08, 2023, $*****
- Highlight: Editors' Pick
2. NEAR
Public blockchain network platform. The solution is a scalable smart contract platform that supports decentralized applications of any kind and enables the developers to build, test, and deploy applications that permissionless handle a wide range of digital assets.
Key facts about NEAR
- Founded Year: 2017
- Location: Zug (Switzerland)
- Stage: Series D
- Total Funding till date: $542M
- Employee Count: 145 as on Aug 31, 2026
- Investors: RAA Capital, Republic Capital and 92 Others
- Latest Funding Round: Series D, May 10, 2022, $*****
- Highlight: Editors' Pick
3. Figment
Online platform for the staking solution. The company offers staking solutions including rewards optimization, rapid API development, rewards reporting, partner integrations, governance, liquid staking, and more.
Key facts about Figment
- Founded Year: 2018
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $165M
- Employee Count: 156 as on Aug 31, 2026
- Investors: Thoma Bravo, Fidelity Investments and 58 Others
- Latest Funding Round: Series C, Oct 06, 2025, $*****
- Highlight: Editors' Pick
4. DFINITY
Blockchain-based public network for building decentralized applications. It enables smart contracts to securely serve interactive web content directly into the browsers of end-users. It also allows users to build internet computer projects.
Key facts about DFINITY
- Founded Year: 2014
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $164M
- Employee Count: 156 as on Jul 31, 2026
- Investors: Hanover Capital, Cognisa Capital and 61 Others
- Latest Funding Round: Series C, Aug 29, 2018, $*****
- Highlight: Editors' Pick
5. The Graph
Network of tools for indexing and querying blockchain data efficiently. It enables developers to index data from smart contracts and uncovers new data sources to power dApps. Offers data regarding blockchains
Key facts about The Graph
- Founded Year: 2004
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $60M
- Employee Count: 52 as on Aug 31, 2026
- Investors: Hack VC, Compound and 49 Others
- Latest Funding Round: Series B, Jan 21, 2022, $*****
- Highlight: Editors' Pick
Warburg Serres' Year-on-Year Investment Trends
Warburg Serres has invested in 26 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Bitfinity Network.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 4 | 0 | 4 |
2021 | 2 | 0 | 2 |
Warburg Serres' Investments by Stage
Warburg Serres has made 2 investments in Seed stage with an average round size of $5.5M, 2 investments in Series A stage with an average round size of $6M, 2 investments in Series B stage with an average round size of $21M and 1 investment in Series C stage with an average round size of $110M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 2 |
Series B | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
Warburg Serres' Investments by Sector
Warburg Serres has a diverse portfolio, with companies operating in the Blockchain Technology, High Tech, Blockchain - Industry Applications, Enterprise Applications and FinTech. Notably, it has invested in 26 Tech companies, 24 Blockchain companies, 19 Enterprise (B2B) companies and at least 15 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Blockchain Technology | 5 |
High Tech | 5 |
Blockchain - Industry Applications | 3 |
Enterprise Applications | 3 |
FinTech | 3 |
Others | 1 |
Note: We have considered here, only first round of investments
Warburg Serres' Investments by Geography
Warburg Serres has made most investments in United States (3), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 3 |
United Kingdom | 2 |
Canada | 1 |
Note: We have considered here, only first round of investments
Warburg Serres' recent investments
Warburg Serres has not made any investment in 2026 so far.Here are the most recent investments by Warburg Serres:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 11, 2024 | United Kingdom | Series A | 8911 | [+3] | |
Nov 2022 | United Kingdom | Seed | 7461 | [+5] | |
Aug 18, 2022 | United States | Series B | 2117 | [+9] | |
2022 | United States | Seed | 6976 | [+5] | |
Mar 30, 2022 | - | Series A | 2727 | [+10] |
Unicorns in Warburg Serres' Portfolio
Warburg Serres has 3 unicorns in its portfolio - Figment, Ledger and DFINITY. The most recent unicorn in their portfolio is Figment. It became a unicorn in 2021.Here is a list of unicorns in Warburg Serres' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Online platform for the staking solution | 2018 | Toronto | Series C | tqzygdv | ||
81 | Blockchain based hardware wallet for cryptocurrency | 2014 | Paris | Series C | xsxtiuy | ||
68 | Blockchain-based public network for building decentralized applications | 2014 | Palo Alto | Series C | mrstmdn |
Acquired companies in Warburg Serres' Portfolio
1 company from Warburg Serres' portfolio has been acquired. The most recent acquisition was Coin Metrics in Jul 2025 by Talos for $*****.Here are Warburg Serres' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2025 | - | - | 1839 |
Team profile of Warburg Serres
Warburg Serres has a team of 2 members including 2 Partners located in United States. Warburg Serres' team does not sit on the board of any company as of now.Co-investors of Warburg Serres
Over the past 5 years, 102 investors have co-invested in Warburg Serres's portfolio companies. This includes funds and angels.
- Invested before Warburg Serres: Liberty City Ventures, Senator Investment Group and 31 others have invested in rounds before Warburg Serres. There is 1 company where Liberty City Ventures has invested before Warburg Serres and 1 company where Senator Investment Group has invested before Warburg Serres.
- Top Co-investors of Warburg Serres: 63 investors entered a company along with Warburg Serres. These include investors like ParaFi (3 companies).
- Invested after Warburg Serres: A total of 6 investors have invested in Warburg Serres's portfolio after their investments. Top Investors include C1 (1 company), TenSquared (1 company) and Arche Capital (1 company).
Recent News related to Warburg Serres
•
UAE’s Code & State Secures $3M to Drive Stablecoin InnovationRasmal•Mar 25, 2025•Code & State, Warburg Serres, KR1
•
Bitcoin Layer 2 Solution Bitfinity Network Secures $12 Million Funding Round to Enhance Ethereum-Compatible EcosystemBitcoin Ethereum News•Nov 19, 2024•Bitfinity Network, Beacon VC, ParaFi, Draft Ventures and 3 others
•
Bitfinity raises $7 million to integrate Ethereum and BitcoinInvesting•Jan 12, 2024•Bitfinity Network, Polychain, ParaFi, Cubist and 3 others
•
Bitcoin Layer 2 Bitfinity raises token round at $130 million valuationThe Block•Jan 11, 2024•Bitfinity Network, Polychain, ParaFi, Warburg Serres and 2 others
•
Solsten raises a $22m Series B round led by KonvoyPrivate Equity Wire•Aug 18, 2022•Solsten, Konvoy Ventures, GFR Fund, Sisu and 10 others
