$5.5M sweet spot round size
Most of their 6 investments are in rounds between $2.4M and $8M
2017
Cherry raised $2.9M on December 20, 2021
Investors: Varys Capital, Coral Capital, Dutch Crypto Investors and Protocol Ventures
Panther Protocol raised $8M on June 1, 2021
Investors: NetZero Capital, MarketAcross, Master Ventures, Skynet Trading, Rarestone Capital and Protocol Ventures
Pandora Finance raised $2.4M on May 25, 2021
Investors: Magnus Capital Digital Assets Fund, GBV Capital, NGC Ventures, Master Ventures, Zokyo, Genblock Capital, X21 Digital, Exnetwork Capital and Protocol Ventures
Cryptocurrencies.Ai raised $8M on May 20, 2021
Investors: Fomocraft, Alameda Research, Rarestone Capital, ZBScapital, DFG, Master Ventures, Alphabit, GBIC (Global Blockchain Innovative Capital) and Protocol Ventures
Trufan Inc. raised $2.4M on March 9, 2021
Investors: GP Ventures, Moneta Ventures LLC, Round13 Capital and Protocol Ventures
Bakkt raised $183M on December 31, 2018
Investors: M12 - Microsoft's Venture Fund, Goldfinch Partners, Pantera Capital, Night Owl Ventures, Horizons Ventures, Interactive Data and Protocol Ventures