Crypto company valuation history: 4 ways, 138 rows say $5M

A crypto company valuation history is every priced round that company has closed, read in date order, and NAUT tracks 127 disclosed crypto valuations across 116 companies and 23 round-type labels, read from its own investment data on 7 November 2026. 11 of those 116 companies carry 2 or more valuation figures of their own, which is the smallest set a reader can build a real ladder from, and the 4 ways below are how a deal maker gets from 1 stored string to a number worth putting in a memo.

Data note. Every count here was read from NAUT's own database on 7 November 2026, read-only. 327 Investment rows carry a valuation string of any kind; 200 of those are excluded here for 3 separate reasons set out under way 3, leaving the 127 rows this article calls disclosed crypto valuations. Of those 127, 14 were put to a published source for this article, 1 for each valuation figure on the 7 companies worked below, and all 14 came back confirmed. 6 of the 14 clear the bar for citing a source next to NAUT's record: 3 where NAUT's own fetch found the quoted line on the page, and 3 more where a second published source carried the same figure. The other 8 of the 14 rest on NAUT's record alone in this article, and so do the 113 rows that were never put to a source. 2 pages refused a plain fetch, theblock.co with HTTP 403 and coindesk.com with HTTP 429, so the figures they hold are reported here from NAUT's record. NAUT Research wrote it, and the places where NAUT's own field is messy are left in rather than tidied away.

How do you find a crypto company valuation history on NAUT?

Open the company, read every round rather than the headline one, then test the figure twice: once against the feed that wrote it, once against the peer band for that round type. In order:

• Way 1. Read the whole round list. The latest round is rarely the only priced one, and the rounds without a valuation still tell you the shape of the raise.
• Way 2. Pair each figure with its round type and date. A valuation with no round label and no date is a number with no meaning. The step-up between 2 dated figures is the thing a deal maker actually wants.
• Way 3. Check which feed wrote it. 138 of the 327 rows that carry any valuation string, 42% of them, carry a flat $5M that is a batch-import default rather than a priced round.
• Way 4. Price it against the peer band. A crypto startup valuation means nothing on its own, and NAUT's data gives a low, a median and a high for each of 10 round-type labels.

Way 1: read every round on the company page, not just the priced one

NAUT's round list for a company is longer than its valuation list, so the first read is the full list. Starknet carries 6 rounds: a $6M seed in May 2018, a $30M Series A in October 2018, a $75M Series B in March 2021, a $50M Series C in November 2021 at $2B, a $100M Series D in May 2022 at $8B, and a $12M grant with no date on it. LayerZero carries 7: a $2M seed in April 2021, a $6.3M Series A in September 2021, the $135M Series A Extension in March 2022 at $1B, the $120M Series B in April 2023 at $3B, a $30,000 private row in July 2024, a $55M round in April 2025, and a $30M venture capital round with no date.

So across the 2 companies whose full list this article pulled, NAUT holds 13 rounds and 4 valuation figures. That ratio is the point of way 1. The unpriced rounds date the company's funding path, which is what tells you whether a figure is 6 months old or 4 years old, and 2 of those 13 rows carry no date at all, so a date sort silently drops them to the bottom.

Reading the rounds on the company's own NAUT page, which lists them with the amount, the round label and the announce date together, is how to find a crypto company valuation in 1 sitting. That same page lists the company's team.

Way 2: pair each figure with its round type and date to get the step-up

2 dated figures give you a step-up and a gap, and that pair is worth more to a BD team or an investor than either number alone. These are the 7 companies of the 11 whose rounds this article checked, ranked by their second figure, largest first.

Company	First	Second	Step-up
Starknet	$2B, Series C, Nov 2021	$8B, Series D, May 2022	4.0x in 6 months
LayerZero	$1B, Series A Extension, Mar 2022	$3B, Series B, Apr 2023	3.0x in 12 months
World	$1B, Series A, Oct 2021	$3B, Series B, Mar 2022	3.0x in 5 months
Berachain	$421M, Series A, Apr 2023	$1.5B, Funding Round, Mar 2024	3.6x in 11 months
Bitget Wallet	$100M, Series A, May 2022	$300M, Funding Round, Mar 2023	3.0x in 10 months
Shardeum	$199M, Seed Round, Oct 2022	$248M, Strategic Round, Jul 2023	1.2x in 9 months
Ultiverse	$50M, Seed Round, Mar 2022	$150M, Strategic Round, Feb 2024	3.0x in 23 months

Both figures in every row are the strings NAUT displays on that round. The step-up and the gap are arithmetic on those 2 stored figures and their 2 announce dates, nothing else.

4 of the 7 stepped up by exactly 3.0x: LayerZero, World, Bitget Wallet (prev. BitKeep) and Ultiverse. Starknet is the steepest at 4.0x and the fastest at 6 months. Shardeum is the flat one, 1.2x over 9 months, and its second cheque was the smaller of its 2 as well, $5.4M after $18.2M. 3 of the 7 took a smaller cheque the second time. A ladder that goes up 1.2x on a smaller cheque reads differently from one that goes up 4.0x on a bigger one, and neither reads at all from the latest number by itself.

Way 3: check which feed wrote the figure before you cite it

This is the way that saves a memo. 327 Investment rows on NAUT carry a valuation string. 200 of them are excluded from every number in this article, for 3 reasons that do not overlap:

• 138 rows carry a flat $5M. All 138 sit on 138 different companies, all tagged to the same batch import, and every one of them sits against a uniform $350,000 accelerator ticket. That is an import default written once, not 138 separately priced companies, and it is 42% of all 327 rows that carry any valuation at all.
• 56 rows come from a general AI funding feed whose company carries no crypto sector tag. Their figures run up to a reported $730B, which would swamp every band in way 4 on its own. 1 further row from that same feed does carry a crypto sector tag, and it stays in the 127.
• 6 more rows carry no sector tag of any kind, 4 from the funding-round feed and 2 from the token-data feed, so NAUT's record cannot place them as crypto either way.

138 plus 56 plus 6 is 200, which leaves the 127. Those 127 break down as 101 rows from the funding-round feed, 25 from the token-data feed and the 1 crypto-tagged row from the AI feed.

2 more properties of the field matter before you quote it. It is free text, so 103 of the 127 are shorthand strings in the style of $8B or $421M and 24 are bare digit strings in the style of 60000000, which means the column does not sort and a script that reads it as a number gets 24 right out of 127. And 4 of the 127 carry a valuation with no round amount beside it, so for those 4 you can say what the company was worth and not what it raised.

The 6 figures that carry a published source alongside NAUT's record are worth separating out, because they are the ones you can cite without a caveat. 3 had the quoted line found on the page by NAUT's own fetch: pymnts.com on Starknet's Series D, which calls it "a Series D funding round that upped the startup's valuation"; coinspeaker.com on LayerZero's $1B round, headlined "LayerZero Labs Generates $135M in Funding, Pushing Company's Valuation to $1B"; and finsmes.com on Berachain's March 2024 round, which says the company "raised $69m in funding" and prices that round at $1.5B. 3 more carry a second published source at the same figure: Bitget Wallet (prev. BitKeep)'s $100M Series A, and both of Shardeum's rounds. On 2 of the 14, Bitget Wallet (prev. BitKeep)'s March 2023 round and Ultiverse's February 2024 round, the check came back confirmed and the fetch could not locate the quoted line on the page it named, so those 2 figures appear above as NAUT's record and are not quoted here.

Way 4: price the figure against the peer band for its round type

A single crypto company valuation only means something next to the other rows with the same round label. 10 of NAUT's 23 round-type labels carry 3 or more disclosed crypto valuations, and those 10 cover 110 of the 127 rows. The table is ranked by how many rows each label holds.

The highest Series B figure in that table is World's $3B and the highest Series D figure is Starknet's $8B, both of which sit in the ladder table above. Series B is the one band with no row under $1B, which makes it the tightest comparable set of the 10, on 8 rows.

Then read the label itself with the same suspicion as the figure. It is free text as well: 23 labels across 127 rows, 13 of them appearing on fewer than 3 rows and covering 17 rows between them, with entries such as Seed and Private Rounds, Angel & Seed Rounds and Undisclosed. The single highest valuation in all 127 rows, $21B, sits on a row labelled Undisclosed, so it belongs to no band in the table. A band of 3 rows, which is what Pre-Series A and Series D are, is a sanity check rather than a market rate.

Which crypto companies show 2 or more valuations on NAUT?

11 of the 116 companies with a disclosed crypto valuation carry 2 or more of them. This article works 7 of those 11, the 7 whose rounds were put to a published source, and NAUT's data shows their second figures running from $150M to $8B.

Every bar is the second of the 2 figures in that company's ladder table row, converted to millions so the 7 sit on one scale: $8B reads as 8000 and $248M reads as 248. The bars say nothing about what each company is worth on 7 November 2026, because the newest of these 7 figures was announced in March 2024 and the oldest in March 2022. A valuation history is a record of prices paid on dates, and the dates are half of it.

The sectors behind the 127 rows say where the figures are, for anyone building a target list: DeFi carries 45 of them, Infrastructure 44, L1/2/3 31, AI 27, Gaming 16 and DePIN 11, with most rows carrying more than 1 tag.

What a crypto company valuation history tells a BD team

A ladder is a budget signal with a date on it, and it is the cheapest qualification step there is.

• A 3x step inside 12 months means the company took new money at a new price recently. 4 of the 7 companies above did exactly 3.0x, over gaps of 5, 10, 12 and 23 months.
• A flat step is the other signal. Shardeum went 1.2x over 9 months on a $5.4M cheque after an $18.2M one, which is a different conversation from Starknet's 4.0x in 6 months.
• Check the gap before you use the number. The 7 ladders here have second figures from March 2022 to March 2024, so none of them is a current price.
• A valuation with no amount beside it, which is 4 of the 127 rows, cannot size a budget. Use the round amount for that, and the round amount is on the same NAUT page.
• Then get the name. Each of these companies lists its team on its own NAUT page, and the people pages say which channels NAUT holds for each person.

What does a crypto company valuation history tell a founder raising?

It tells you the band you are pricing into, and it tells you what a believable step looks like on NAUT's record of crypto funding rounds.

• Price against your round label, not against the headline you remember. Seed rows on NAUT run $22.5M to $200M with a $62M median across 23 rows. Series A rows run $75M to $1.5B with a $250M median across 22 rows.
• The jump from Series A to Series B on this data is the big one. The Series A median is $250M and the Series B median is $1.8B across 8 rows, and no Series B row in the 127 sits under $1B.
• A 3x step is the common shape here, in 5 to 23 months. 4 of the 7 worked companies stepped exactly 3.0x and 1 stepped 4.0x.
• A strategic round is a flatter step. Both strategic rounds in the ladder table, Shardeum's and Ultiverse's, came on a smaller cheque than the round before it, and the Strategic Round band tops out at $300M across 8 rows.
• Your comparable set is smaller than it looks. 110 of the 127 rows sit in those 10 labels, and 2 of the 10 bands rest on 3 rows each.

Related reading on NAUT: Crypto VC check sizes: 15 investors, $1.7M to $200M rounds and How to find the lead investor: 3 ways, tested on 20 rounds.

Can you pull this data through the NAUT API?

Partly, and the documented route is per company: GET https://api.naut.so/v1/projects/starknet returns 1 company with its team, and GET https://api.naut.so/v1/investors/<fund-slug> returns a fund with its portfolio, where each row carries the company, roundType, amountUsd, announceDate and isLead. A valuation field is not in the documented response for either call, so the 127 figures above come from NAUT's data rather than from an API field, and the company's own NAUT page is where the figure and its round sit side by side. Every data or search call costs 5 credits and Essential at $49 a month carries 3,000 credits, which is 600 data calls, with the parameters set out in the API docs and the plans on pricing. Verified Telegram, email and LinkedIn details for the people at these companies unlock on any paid NAUT plan, so start a 7-day trial if the next step is reaching them.

Crypto company valuation history FAQ

How do I find a crypto company valuation history?

Open the company on NAUT, read every round row with its amount, round label and announce date, then pair the priced rounds into a step-up. On 7 November 2026 NAUT held 127 disclosed crypto valuations across 116 companies, and 11 of those companies carried 2 or more figures, which is what makes a history rather than a single number.

How many crypto companies have 2 or more valuations on NAUT?

11 of the 116 companies with a disclosed crypto valuation, as read on 7 November 2026. This article works 7 of those 11: Starknet / Starkware at $2B then $8B, LayerZero at $1B then $3B, World at $1B then $3B, Berachain at $421M then $1.5B, Bitget Wallet (prev. BitKeep) at $100M then $300M, Shardeum at $199M then $248M and Ultiverse at $50M then $150M.

Where do I find a crypto company valuation on NAUT?

Search the company on NAUT and read its round list, where each round shows the amount, the label and the date, and a priced round shows the valuation string as it was reported. Expect the figure to be missing more often than not: 127 rows carry one across 116 companies, and 4 of those 127 carry a valuation with no round amount beside it.

Why do 138 NAUT rows show the same $5M valuation?

Because they came in as one batch import with a default written once, not as 138 priced rounds. All 138 sit on different companies against an identical $350,000 accelerator ticket, they are 42% of the 327 rows that carry any valuation string, and they are excluded from every number in this article. Checking which feed wrote a row before citing it is way 3 above.

Where can I find the teams at these 7 companies and their contact channels?

On each company's NAUT page, which lists its people, and on each person's page, which names the channels NAUT holds for them. The 7 companies are Starknet / Starkware, LayerZero, World, Berachain, Bitget Wallet (prev. BitKeep), Shardeum and Ultiverse, and GET https://api.naut.so/v1/projects/starknet returns the same company and team through the API at 5 credits a call. Verified Telegram, email and LinkedIn details unlock on any paid NAUT plan, so start a 7-day trial to reach them.

Sources

• NAUT's own database, read on 7 November 2026, read-only: every Investment row carrying a valuation string, with its amount, round label, announce date, source tag and the company's sector tags. The 327, the 200 excluded in 3 buckets, the 127, the 116 companies, the 11 with 2 or more figures, the 10 peer bands and the sector counts were all computed from those rows at that time.
• The 14 valuation figures on the 7 worked companies were each put to a published source: 3 quoted above from pymnts.com, coinspeaker.com and finsmes.com, where NAUT's fetch found the line on the page; 3 more confirmed at a second published source, on Bitget Wallet (prev. BitKeep)'s May 2022 Series A and both Shardeum rounds; and 8 reported as confirmed without a line this article could quote.
• 2 of the pages NAUT's record names refused a plain fetch on 7 November 2026, theblock.co with HTTP 403 and coindesk.com with HTTP 429. The rounds they cover appear here from NAUT's record, which is the same figure NAUT's page displays.
• NAUT's API documentation, naut.so/docs/api, and its plans, naut.so/pricing, for the calls, the credit prices and the paid-plan unlock named in the API section.