Crypto fund audit coverage: 16 of 99, 3.9x NAUT's rate

Crypto fund audit coverage is the share of a fund's backed companies that carry a completed security audit on record, and for The Spartan Group it is 16 of 99. NAUT tracks 99 live companies the fund backed, and on 11 November 2026 16 of them, 16.2%, carried a completed-audit flag, against 290 of the 6,973 project rows in NAUT's database, 4.2%.

How this was measured: on 11 November 2026 NAUT read every backer record stored against The Spartan Group, which resolves to 99 separate live company rows. Each of those rows carries a stored true or false audit field, and 16 came back true. That field marks that NAUT holds a completed audit for the company. It does not store the auditing firm, the report date or the scope of the review, so it is a screen that tells you where to ask, and the 4 steps below are how to run it on any fund page.

2 limits are worth stating before the numbers. First, a false flag means NAUT holds no completed audit on record for that company, which is a statement about NAUT's coverage of the company. Read it as the question to ask the team, never as proof that no audit exists. Second, 3 of the 99 rows carry the company type "investor" in NAUT even though they are funded startups rather than funds, which is a tagging defect, so those 3 are not named here. All 3 carry a false audit flag, so they sit outside the 16 either way. NAUT also holds an older archived row for this fund that is merged into the live one and carries no backer records of its own, so every count here comes from the single live page.

How to check crypto fund audit coverage, in 4 steps

The screen runs off 1 fund page and 1 stored field, and it takes about 10 minutes.

• The portfolio count you want is distinct companies, not round records: this fund's records collapse to 99 companies.
• The audit field is a true or false, so the output is a share, and a share only means something next to a baseline.
• Trust tier sorts the flagged rows into the order worth opening first.
• The flag is the start of crypto fund due diligence on a portfolio, and the audit report itself is the end of it.

Step 1: turn the round records into a company count

A fund page lists round records, and 1 company can appear more than once. For this fund NAUT's records resolve to 99 separate live companies, so the denominator for any coverage figure is 99. Count distinct companies before anything else, because counting round records instead inflates the denominator and understates coverage on the same 16 rows.

Step 2: read the stored audit field on every company

Each company row carries the audit field as a true or false. On 11 November 2026, 16 of the 99 rows for this fund came back true: Anoma Network, Fuel Network, Sophon, Redstone, Solv Protocol, GAIB, Enso, LayerZero, Obol Network, Cyber, Puffverse, Shardeum, Kintsu Protocol, Contango_xyz, Momentum and Morph. The other 83 rows hold a false, which is NAUT's record and not the market's.

Step 3: sort the flagged rows by trust tier

NAUT stores a trust tier on each company row, and the 16 flagged rows split 1 very high, 5 high and 10 medium. 12 of the 16 also carry a numeric trust score, from 7.29 at Anoma Network down to 4.59 at Shardeum; the other 4 carry a tier with no score stored. Sorting on the tier is what turns a list of 16 into an order to work through, and the table below is in that order.

Step 4: size the share against a baseline

16.2% means nothing on its own. NAUT's own database is the baseline here: 293 of 10,592 live company rows carry the audit flag, 2.8%, and 290 of the 6,973 rows typed as projects carry it, 4.2%. So this fund's 16.2% is 3.9x the project-wide rate. Run the same 4 steps on 2 or 3 funds you are comparing, and read the gap between them rather than the number itself.

Which companies in the portfolio passed an audit?

16 companies, ranked by the trust tier NAUT stores and then by trust score inside each tier. Every row below carries a true audit flag on NAUT, read on 11 November 2026.

Company	Trust tier	Trust score
LayerZero	Very high	5.63
Fuel Network	High	6.37
Solv Protocol	High	5.99
Obol Network	High	5.40
Cyber	High	5.24
Momentum	High	Not stored
Anoma Network	Medium	7.29
Sophon	Medium	6.37
Redstone	Medium	6.12
GAIB	Medium	5.88
Enso	Medium	5.71
Puffverse	Medium	4.74
Shardeum	Medium	4.59
Kintsu Protocol	Medium	Not stored
Contango_xyz	Medium	Not stored
Morph	Medium	Not stored

Scores are NAUT's stored values rounded to 2 decimals. The tier and the score run on different inputs, which is why Anoma Network holds the highest score in the set and sits in the medium tier.

Momentum, Kintsu Protocol, Contango_xyz and Morph are the 4 flagged companies with no score stored, so they are out of the chart and in the table above.

How does this crypto fund audit coverage compare with NAUT's whole database?

It is 3.9x the project-wide rate. The 3 sets below are all live, unarchived, unmerged company rows read on 11 November 2026: the companies the fund backed, then every row typed as a project, then every company row in NAUT. The share column is the flagged count divided by the rows count.

Set of rows	Rows	Flagged	Share
The Spartan Group	99	16	16.2%
NAUT projects	6,973	290	4.2%
All NAUT companies	10,592	293	2.8%

The third row is the widest set and the lowest share, because it holds funds, service firms and platforms that would never carry a smart contract audit. The project row is the fair comparison for a VC portfolio, and 290 of the 293 flagged rows sit inside it.

What this tells a BD team and a founder raising

4 reads a deal maker can act on this week:

• A fund whose portfolio runs 3.9x the base rate is screening for security before it writes, so a founder pitching it should have an audit or a dated plan for one.
• The 16 flagged companies are the warmest doors in this portfolio for an auditor, a monitoring tool or a security vendor, because the budget line already exists.
• The 83 unflagged rows are the list for anyone selling a first audit, and each one needs its own check before a pitch.
• 1 very high and 5 high tier rows out of 16 is where to start, because a higher tier usually means a fuller record on NAUT and an easier path to the right person.

For a founder, the same screen runs in reverse: check the audit coverage of the funds on your list, and you learn what each one will ask you for in the first call. For a fund, it is a portfolio health number you can rerun every quarter on the same field.

Related reading on NAUT: Spartan Group portfolio: 99 companies, $17.9M average round and Crypto security companies: 25 on NAUT, 19 name a founder.

Can you pull this data through the NAUT API?

Yes, the portfolio side of it. GET https://api.naut.so/v1/investors/the-spartan-group returns the fund with its team and its portfolio rows, each row carrying the company, the round type, the amount, the announce date and the lead flag, which is the list of companies step 1 collapses to 99; GET https://api.naut.so/v1/projects/layerzero then returns 1 of those companies with its team. Each call costs 5 credits, and the Essential plan is $49 a month for 3,000 credits, documented at naut.so/docs/api and naut.so/pricing. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial before you work a list like this one.

Crypto fund audit coverage FAQ

How many portfolio companies passed an audit at a crypto fund?

For The Spartan Group it is 16 of the 99 live companies NAUT records it backing, 16.2%, read on 11 November 2026. Across NAUT's whole database the figure is 290 of 6,973 project rows, 4.2%, so this fund sits at 3.9x the base rate.

What does NAUT's audit flag actually say?

It is a stored true or false on each company row marking that NAUT holds a completed audit for that company, read on 11 November 2026. It does not store the auditing firm, the report date or the scope, and a false means NAUT has no completed audit on record rather than that no audit exists.

Which companies in this portfolio sit in the highest trust tier?

LayerZero is the only one of the 16 flagged companies in NAUT's very high tier. 5 sit in high (Fuel Network, Solv Protocol, Obol Network, Cyber and Momentum) and 10 in medium, as of 11 November 2026.

Where can I find these 16 companies and their decision makers?

Each one has a NAUT page that lists its team, and The Spartan Group's own page lists all 99 companies it backed. GET https://api.naut.so/v1/investors/the-spartan-group returns the same portfolio through the API at 5 credits a call. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to reach the 16 teams directly.

How often does this number change?

The audit field is a stored value on each company row, so coverage moves whenever NAUT adds a company to the fund's record or flips a company's flag. The 16 of 99 here is the reading on 11 November 2026, and rerunning the 4 steps on the fund's page is the way to refresh it.

Sources

• NAUT's own database, read on 11 November 2026: the backer records stored against The Spartan Group, the 99 live company rows they resolve to, the stored audit field, trust tier and trust score on each of those rows, and the database-wide counts of 293 flagged rows out of 10,592 live companies and 290 out of 6,973 project rows.
• 5 claims were put to outside pages and all 5 came back confirmed with the wording located on the page. The Spartan Group was founded in 2017: "Founded in 2017, Spartan Group is a leading player in the Web3 space." (spartangroup.io). LayerZero is "a permissionless, open framework designed to securely move information between blockchains" (LayerZero docs). Fuel Network is "A high-performance Ethereum layer-2 rollup powered by the FuelVM" (fuel.network). Solv Protocol is "a decentralized finance layer built to unlock Bitcoin's yield potential by turning idle BTC into productive assets" (CoinMarketCap). Anoma Network describes an intent-centric design in which "applications are no longer domain or blockchain-specific" (anoma.net).
• Those 5 checks cover the fund and 4 of the 16 flagged companies. The other 12 flagged companies were not read outside NAUT, and no audit flag on any of the 16 rows was put to an auditing firm's report or to the project's own security page, so every audit statement here is NAUT's stored record and the report itself is the reader's next step.