Blockchain

Axeleo Capital AXC2 is the second early-stage B2B technology venture fund of Axeleo Capital (AXC), a Lyon-based venture capital firm specializing in pre-seed to Series A investments in enterprise software and B2B technology startups. The fund held its final close in December 2023 at €73 million, exceeding its initial interim target and building on the success of AXC1, Axeleo's debut fund. Axeleo Capital focuses on the next generation of B2B startups in artificial intelligence, data and analytics, cybersecurity, blockchain, and financial technology, with an investment remit spanning France and Western Europe. The fund makes initial investments of between €0.2 million and €2 million at pre-seed or seed stage, with capacity to follow on through Series A and beyond. By its final close, AXC2 had already backed 14 portfolio companies and recorded its first successful exit, demonstrating portfolio velocity consistent with early-stage conviction investing. The fund was structured with the support of more than 150 investors, with over 95% of Axeleo's historical LP base renewing their commitment — a strong validation of the team's track record and investment thesis. Anchor institutional support came from the Fonds National d'Amorçage 2, managed by Bpifrance on behalf of the French government as part of the France 2030 innovation initiative. Axeleo Capital, co-founded by Xavier Milin and the original Axeleo team, operates at the intersection of deep B2B sector knowledge and early-stage startup ecosystem development in the French tech corridor.

Backed 3 is the third and largest fund raised by Backed VC, a London-based seed and pre-seed investment firm focused on European deeptech founders building companies with global ambitions. The fund closed at its EUR 86 million (USD 100 million) hard cap on November 13, 2025, coinciding with Backed VC's 100th portfolio investment milestone across its three-fund history. Backed 3 represents the firm's most ambitious vehicle to date, expanding investment capacity and broadening its US presence alongside a deepened European portfolio strategy. The fund concentrates on three frontier technology themes: AI therapeutics and computational biology, blockchain and banking infrastructure, and manufacturing automation, areas where Backed has identified compounding technological advantage and durable market opportunity. Backed leads pre-seed and seed rounds with check sizes of USD 500,000 to USD 5 million, taking conviction-weighted positions in early teams before commercial traction is established. Portfolio construction is designed to generate a small number of category-defining winners across a European and global portfolio, with Backed 3 scaling the firm's already proven model from its first two vehicles. Backed 3 attracted close to 50% of commitments from ten institutional funds of funds, including new investors Isomer Capital and Wunderland Capital, with the remainder sourced from over 50 family offices and experienced technology entrepreneurs including founders from Backed's existing portfolio. Backed's first fund achieved top-decile performance, returning 35% of capital to investors in October 2025, providing a strong track record validation ahead of Backed 3's deployment. The fund is based in London and invests primarily across Europe with expanding activity in the United States.

The Bitkraft Venture Fund 3 is a $275 million fund dedicated to early-stage investments in gaming and interactive media companies. It focuses on supporting studios, platforms, and technology globally within the gaming and interactive media sector, specifically targeting Seed and Series A stages. Bitkraft Ventures embraces the concept of synthetic reality and believes in the transformative potential of digital experiences. It views game companies as pivotal players in driving the evolution of digital entertainment and has a global presence in key markets across Asia, Africa, Europe, and North America. Bitkraft Ventures has strategically invested across various stages in globally recognized companies, including Frost Giant, Anzu, Carry1st, InWorld, Voicemod, Immutable, and Karate Combat. The fund's performance has been notably strong, ranking in the top 5% for its inaugural Web 3 fund and securing a position in the top 8% of all funds based on Internal Rate of Return (IRR).

Boost Alpha Fund is the inaugural investment vehicle of Boost VC, a San Mateo, California-based pre-seed venture capital firm and startup accelerator co-founded by Adam Draper and Brayton Williams in 2012. The fund is dedicated to backing founders building at the frontier of deep technology, with a portfolio spanning cryptocurrency and blockchain infrastructure, space exploration, artificial intelligence, robotics, virtual reality, and advanced biotechnology. Boost Alpha Fund embodies the firm's defining conviction thesis—accelerating the Sci-Fi future—targeting transformative technologies at their earliest commercially viable stages and backing unconventional bets that traditional investors systematically pass on. Boost Alpha Fund deploys capital through standardized $500,000 pre-seed investments in companies raising sub-$1 million rounds, typically at valuations of $3 million to $7 million. Investment is closely integrated with Boost VC's three-month accelerator program, which provides cohort companies with intensive mentorship, access to a dense network of industry experts and follow-on investors, and operational resources to accelerate from concept to fundable company. The fund's high-velocity, high-volume approach reflects a portfolio construction philosophy designed to maximize exposure to breakout outcomes in nascent, high-variance technology verticals. Across the broader Boost VC platform, portfolio companies have collectively raised over $5 billion in follow-on capital, with landmark investments including Coinbase, Magic Leap, Anki, and Improbable. Boost VC manages more than $200 million in assets under management across its fund series, with over 300 companies backed to date. Boost Alpha Fund's role as the first fund in the family established the accelerator's reputation as a generational entry point for founders pursuing the most ambitious, transformative, and technically demanding bets in deep technology.

Boost VC Deep Tech Fund 4 is an $87 million pre-seed venture capital fund managed by Boost VC, the San Mateo-based firm co-founded by Adam Draper and Brayton Williams that specializes in investing in what it calls science fiction technology. The fund reached final close in September 2025, bringing total Boost VC assets under management to $300 million across its fund series and over 400 active portfolio companies. Fund 4 targets pre-seed founders building breakthrough technologies across aerospace, nuclear energy, robotics, biotechnology, artificial intelligence, crypto, space, materials science, and ocean technology. The fund writes standardized $500,000 checks into pre-seed rounds at $3 million to $7 million valuations, leading approximately 70-plus companies per year. Boost pioneered the institutional deep-tech pre-seed model, becoming one of the first institutional investors in Bitcoin companies in 2013 before broadening to the full spectrum of science fiction technologies. Boost's first two vintage funds (2013 and 2016) delivered DPI of 2.15x and 4.35x respectively, on early bets in crypto and hard science. The firm's portfolio includes Coinbase (early investor), Deepgram ($1.3 billion valuation), Radiant Nuclear ($300 million raise), and Grid Aero ($20 million Series A). Portfolio companies have collectively raised over $5 billion in follow-on capital. Fund 4 is the latest and largest step in Boost's mission to accelerate the arrival of science fiction technologies.

Boost VC Fund I is a venture capital fund managed by Boost VC, the San Mateo-based pre-seed deep technology firm co-founded by Adam Draper and Brayton Williams. Launched with a 2016 vintage, Fund I represents the second institutional fund in Boost's series, following the firm's pioneering 2013-vintage early bitcoin vehicle. Boost's 2016 fund has delivered a DPI of 4.35x, making it one of the stronger-performing early institutional crypto and deep tech pre-seed vehicles of its era. The fund targets pre-seed founders building at the frontier of technology, applying Boost's signature $500,000 standard check into sub-$1 million rounds at $3 million to $7 million valuations. The investment mandate spans crypto and blockchain infrastructure, artificial intelligence, aerospace, robotics, biotechnology, and climate technology — the full spectrum of what Boost defines as science fiction investing. Boost has been one of the longest-running institutional pre-seed funds in the deep tech category, having backed over 400 portfolio companies across its fund series. Fund I's performance reflects Boost's early conviction in the deep tech ecosystem before institutional capital migrated en masse to the category. The firm's portfolio includes Coinbase, Deepgram, Radiant Nuclear, and Grid Aero, and Fund I's vintage and track record provided the foundation for the firm's subsequent funds, including the $87 million Boost VC Deep Tech Fund 4, which closed in September 2025 and brought total Boost AUM to $300 million across its fund platform.

CMT Digital Fund IV is the fourth venture capital fund raised by CMT Digital, the crypto and blockchain-focused investment arm of CMT Group — a Chicago-based diversified investment firm operating across exchange-traded derivatives, public and private equities, energy markets, and digital assets for more than 25 years. The fund closed in October 2025 at $136 million, slightly below its $150 million target following a challenging fundraising environment for crypto-focused venture. The close brings CMT Digital's total digital asset-focused assets under management to over $600 million across four funds since its venture practice began in 2017. Prior funds raised $25.5 million (Fund I), $130 million (Fund II), and $100 million (Fund III). Fund IV is organized around an early-stage investment thesis in blockchain infrastructure and applications. CMT Digital targets founders building the foundational technology layers of decentralized networks — encompassing settlement infrastructure, digital asset custody, cross-chain interoperability, decentralized finance (DeFi) primitives, Web3 application platforms, and the payments and tokenization layers connecting traditional finance to on-chain rails. The fund has a global mandate with offices in Chicago, APAC, and Europe, reflecting CMT Group's established presence across international derivatives and digital asset markets. CMT Digital's dual identity as both a trading firm and venture investor provides portfolio companies with institutional market access, liquidity expertise, and distribution relationships that distinguish the firm from purely financial VC managers. CMT Digital has deployed capital across more than 200 blockchain and crypto-focused businesses, protocols, and tokens through its first three funds. Fund IV's LP base comprises family offices, high-net-worth individuals, and institutional investors. The fund is currently in an active Investing phase following its November 2025 final close and will target early-stage companies positioned to benefit from the next major wave of crypto adoption across global markets.