Crypto fund exit: 3 steps, 7 of 43 NAUT rows name a buyer

A crypto fund exit search takes 3 steps: open the fund's page on NAUT, read its backed companies, keep the rows typed M&A and sort them by announce date. NAUT tracks 43 M&A-tagged funding rows at 42 companies as of 7 November 2026, and Coinbase Ventures is the fund with the most of them among its backed companies, at 3, the newest being Farcaster, announced on 15 October 2026.

Data note. Every count here was read from NAUT's own database on 7 November 2026, read-only. An exit means 1 thing in this article: a funding row typed M&A at a company a fund had already backed in an earlier round, which is the only exit event NAUT stores as a dated record. That is narrower than a fund's own exit tally, so a fund with 1 row here can have a longer history elsewhere. 43 such rows sit at 42 companies, because 1 company carries 2 of them. Of the 3 outside claims put to public sources for this piece, 1 came back confirmed with its quote located on the page and is used below; 1 was confirmed without its quote being located, and 1 came back contradicted, so both are left out. NAUT's row for Neynar, the seller named in the Farcaster deal note, stores a raw handle as its company name, so that row is held back as a defect and is not linked here. NAUT Research wrote it.

How do you find a crypto fund exit on NAUT, in 3 steps?

Start at the fund, never at a news feed. A fund page already holds the list of companies it backed, so hunting crypto VC exits is a filter over a list you have rather than a search across the whole market.

• Step 1: open the fund's page and read its backed companies. Coinbase Ventures shows 185 investments in the Portfolio section of its NAUT page, which is 185 round records across 154 distinct companies, with an average round of $29,834,533 and $5,042,036,000 in capital deployed.
• Step 2: keep the rows typed M&A. The round type is the field that marks an exit. Across all of NAUT that leaves 43 rows at 42 companies, and 43 investor firms have at least 1 of those companies in their backed list.
• Step 3: sort by announce date and read the newest row's own deal note. All 43 rows carry an announce date, so the sort always works. 10 of the 43 also carry a deal headline, a deal summary and stored deal sources, which is where the buyer, the seller and the terms come from.

Which funds hold the most exits among their backed companies?

5 investor firms have 2 or more of the 42 exited companies in their backed list, and Coinbase Ventures is the only one with 3. The other 38 firms with any exposure at all have exactly 1. The table is ranked by the number of M&A-tagged exits among the fund's backed companies on NAUT, and the portfolio column is the investments count shown in the Portfolio section of the fund's own NAUT page.

Fund	Exits	Portfolio	Newest exit
Coinbase Ventures	3	185	Farcaster, 15 October 2026
Multicoin Capital	2	51	Farcaster, 15 October 2026
1confirmation	2	19	Farcaster, 15 October 2026
Pantera Capital	2	66	Nomina, 16 September 2026
LedgerPrime	2	33	bloXroute, 15 July 2026

3 is the top of the range, so nobody on NAUT's record is running an exit machine. The same chart also shows why the count alone is a poor signal: 1confirmation reaches 2 off 19 tracked investments and Coinbase Ventures reaches 3 off 185.

What does a crypto fund exit row on NAUT actually hold?

A date and a company, always. A buyer, a summary and an amount, sometimes. These 3 rows are the whole of Coinbase Ventures' exit record on NAUT, and they cover the full range of how complete a row gets. The date below is the row's announce date, the acquirer is the buyer linked as a company row, and the last column is what else that row stores.

Company	Date	Acquirer	What else
Farcaster	15 October 2026	Network School	Deal headline, deal summary and 1 stored deal source
Nomina	16 September 2026	No acquirer on the row	Source URL only, no amount
bloXroute	15 July 2026	No acquirer on the row	Source URL only, no amount

Across all 43 crypto M&A deals in the set the pattern holds: 43 carry a date, 7 name an acquirer as a linked company row, 10 carry a headline and summary with stored deal sources, and 6 carry an amount. So an exit search on any crypto data set ends in a date and a company name far more often than it ends in a price, and the step that actually earns the answer is reading the row's own source. For Farcaster, the stored source is a Crypto Briefing report, which states: "Network School announced the acquisition on October 15, 2026." The same report puts the seller as Neynar and the financial terms as not disclosed.

What the fund's pre-exit rounds tell you

The exit row is the end of a story NAUT already holds the start of. Farcaster carries 3 funding rows in total: the M&A row, a $30,000,000 seed round and a $150,000,000 Series A, so $180,000,000 across the 2 rounds with a stored amount. Neither of those 2 rounds carries an announce date on NAUT, which is a gap worth knowing about before you build a timeline off this data.

The backer lists are the useful part for a deal maker.

• The seed row names 23 backers, and Coinbase Ventures is 1 of them. That is the row that puts the fund in this company's history at all.
• The Series A row names 6 backers, and Coinbase Ventures is not among them. A fund can hold an exit on a company it stopped funding 1 round in.
• 1 outside source checked for this piece disagreed with the claim that the fund joined both rounds, which matches what NAUT's own 2 rows say.

For a founder raising, that is the argument to make from an exit: the fund that sits on your cap table from seed is the one that gets counted when the company is bought, whether or not it followed on.

What this tells a BD team and an investor sourcing deals

An exit record is a sales trigger twice over. The acquirer has just bought a team and a product, and the backers have just had a liquidity event.

• The buyer is the warmer target. Network School is now the owner of a social protocol with $180,000,000 of tracked funding behind it, and that integration work is usually bought in.
• 5 funds on NAUT have 2 or more exited companies in their backed list, so the shortlist of funds with repeat exit exposure is small enough to work by hand.
• Because only 6 of the 43 rows carry an amount, treat any outreach that quotes a deal size as risky unless the row's own source states it.
• A fund page is the better entry point than a company page when you are sourcing, since 1 page gives you every company in the portfolio and its round records in 1 read.

Related reading on NAUT: Coinbase Ventures portfolio: 152 companies tracked on NAUT and How to verify a crypto investor: 6 checks, 143 funds pass 4.

Can you pull this data through the NAUT API?

Yes, in 1 call. GET https://api.naut.so/v1/investors/coinbase-ventures with Authorization: Bearer $NAUT_KEY returns the fund with its team and its portfolio, each row carrying the company, the round type, the amount, the announce date and the lead flag, so filtering the round type to M&A and sorting by announce date reproduces every exit number on this page. A data call costs 5 credits, the plans sit at naut.so/pricing and the full reference at naut.so/docs/api. Verified Telegram, email and LinkedIn for the people on those fund and company pages unlock on any paid NAUT plan, so start a 7-day trial if you need the channels as well as the rounds.

Crypto fund exit FAQ

Has this crypto VC fund had an exit, and how many Coinbase Ventures exits are on file?

Open the fund's NAUT page and count the backed companies carrying a row typed M&A. For this fund that comes to 3 on NAUT's record as of 7 November 2026: Farcaster on 15 October 2026, Nomina on 16 September 2026 and bloXroute on 15 July 2026. Each is a company NAUT shows the fund backing in an earlier round that later picked up a funding row typed M&A, and the fund's own NAUT description claims a longer lifetime tally than the 3 rows NAUT stores.

What was the most recent crypto fund exit on NAUT?

The newest M&A-tagged row in the whole set is dated 24 October 2026, and the newest one tied to Coinbase Ventures is Farcaster, acquired by Network School on 15 October 2026 with terms not disclosed. NAUT holds 43 of these rows at 42 companies in total.

How much did Farcaster raise before it was acquired?

$180,000,000 across the 2 rounds NAUT holds an amount for: a $30,000,000 seed round with 23 named backers, including Coinbase Ventures, and a $150,000,000 Series A with 6 named backers. Neither round row carries an announce date on NAUT, and the M&A row itself carries no amount.

Where can I find these funds and the people to contact at them?

All 5 funds and all 3 exited companies above link to their NAUT pages, which list the team, the rounds and the co-investors on each, and the same data comes back from GET https://api.naut.so/v1/investors/coinbase-ventures for 5 credits a call. Verified Telegram, email and LinkedIn for the people NAUT has them for unlock on any paid plan, so start a 7-day trial to open them.

Why do so few exit rows show a price?

6 of the 43 M&A-tagged rows on NAUT carry an amount, because most acquirers of a crypto company say the terms are not disclosed, as the Farcaster deal did. Use the 10 rows that carry stored deal sources when you need a figure you can stand behind, and treat the rest as a dated event rather than a valuation.

Sources

• NAUT's own database, read on 7 November 2026, read-only: every live funding row typed M&A with its announce date, deal headline, deal summary, stored deal sources, amount and acquirer row, the backer lists of each exited company's earlier rounds, and the round records behind each fund's portfolio figure. Every count above was computed from those rows at that time, and each fund's portfolio figure was read back off its live page on naut.so.
• The Crypto Briefing report stored as the deal source on Farcaster's M&A row, cryptobriefing.com/network-school-acquires-farcaster-network-state-protocol/, for the 15 October 2026 date, the buyer and the undisclosed terms. A direct fetch of that page returned an HTTP 403 to NAUT, so the text was read through a reader proxy, and The Block's report of the same deal was used as the second reference.
• A Cointelegraph report of Farcaster's $150,000,000 Series A was checked against NAUT's backer list for that round. It contradicted the claim that the fund joined both rounds, and it agrees with NAUT's 2 rows, so the Series A is reported here with 6 backers and no mention of the fund.