1) Paradigm – $2.5 billion

2) a16z Crypto – $2.2 billion

3) Hivemind – $1.5 billion

4) Binance – $1.0 billion

5) Pantera Capital – $969 million

6) 10T Capital – $750 million

7) Borderless Capital – $500 million

8) NFX – $450 million

9) Galaxy Digital – $325 million

10) Blockchain Capital – $300 million

11) CMCC Global – $300 million

12) Multicoin Capital – $250 million

Paradigm

2021’s largest crypto fund launch was Paradigm’s whopping $2.5 billion venture fund. The new fund brought the firm’s assets under management to over $6 billion.

Led by Fred Ersham and Matt Huang, Paradigm has historically invested heavily in DeFi, NFT companies, and Web 3.0.

a16z Crypto

Andreessen Horowitz’s crypto division launched yet another cryptocurrency focused fund in July.

The $2.2 billion fund is the firm’s largest crypto fund to date and was, prior to the November announcement of Paradigm’s $2.5 billion fund, the largest raise ever for a crypto fund.

Hivemind

Hivemind opened its inaugural fund with an impressive $1.5 billion in commitments

The fund, led by former head of structured products at Citi, MattZhang, will operate as a hybrid fund – making investments in crypto companies as well as trading digital assets.

Binance Labs

Binance, the largest cryptocurrency exchange, announced in October it would launch a $1 billion fund via its Binance Labs accerlerator to invest in its Binance Smart Chain.

The fund is meant to spur adoption in DAPPs on the exchange’s new smart contract chain and help it compete with established smart contract infrastructure like Ethereum.

Pantera Capital

After raising $365 million for its Liquid Token Fund earlier in the year, Pantera announced a second fund launch in June bringing its total 2021 capital raise to nearly $1 billion.

The second fund will function as a sort of hybrid fund – making venture investments as well as investments in liquid cryptocurrencies like Bitcoin and Ethereum.

10T Holdings

Unlike most of the early stage venture funds on this list, 10T makes primarily mid and late stage investments in digital asset companies.

The company raised $750 million via two funds in 2021 including and was set to launch another $500 million fund in early 2022.

Borderless Capital

Borderless Capital announced the launch of a $500 million venture fund focused on the Algorand ecosystem.

Borderless, based in Miami, has now raised $900 million for its three blockchain venture funds.

NFX

NFX is an early stage venture capital fund based in the Bay Area, California. In October of 2021 the firm announced their third fund.

The $450 million fund will invest in crypto and related verticals including fintech, marketplaces, and NFTs.

Galaxy Digital Holdings

Galaxy Interactive, a division of Galaxy Digital, announced in October, 2021 it had raised $325 million for its crypto fund. The fund will focus on NFTs and gaming.

Galaxy was founded by billionaire MIke Novogratz, former CIO of Fortress Investment Group, in 2017.

Blockchain Capital

Blockchain Capital’s June 2021 $300 million crypto fund is by no means their first – the company was one of the first dedicated crypto venture funds and has over $1 billion in assets.

What makes Blockchain Capital’s latest fund unique is its LPs – Visa and PayPal in particular, indicating a growing institutional interest in payment solutions.

CMCC Global

CMCC Global, a venture capital firm, announced its $300 million crypto fund in October. The Winklevoss brothers are reported to be among the fund’s investors.

The new blockchain fund will invest in DeFi and NFTs.

Multicoin Capital

Austin, TX-based Multicoin Capital announced its third crypto fund in October. The announcement follows a $100 million fund announced earlier in the year.

Earlier in 2021,Multicoin Capital was reported to have received a significant investment from Binance.

Crypto Fund List

Detailed info on 850+ crypto venture and hedge funds in Excel format

Venture Funding Finder

The ultimate tool for locating and securing funding your crypto startup