Amount$18M
SeriesSeed
AnnouncedNov 8, 2022
SectorBlockchain, DeFi, Fintech
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Seed round (6.5× the median) — an outlier.
Syndicate size
Party round (12 investors) — diffuse ownership and signal.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Blockchain, DeFi, Fintech (4)
Round size in sector100th pct
$2Mthis round: $18M$18M
