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Dragonfly Capital
Big Brain Holdings
Valor Equity Partners
Coinbase Ventures
Emerson Collective
Thrive Capital
North Island Ventures
Founders Fund
Ribbit Capital
Fenbushi Capital
Paradigm
Green Bay Ventures
Lightspeed Venture Partners
Jump Crypto
Bankless Ventures
Sequoia CapitalWeak
A weak or unusual round versus its peers.
Round size vs peers
Far above the typical Seed round (4.3× the median), an outlier.
Syndicate size
Party round (21 investors), diffuse ownership and signal.
Insider conviction
All-new money, no prior investors re-upped.
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.