A crypto fund stage focus is the single answer to "where does this fund actually write cheques", and you get it by grouping the fund's backed rounds by round type and ranking the counts. NAUT tracks 202 backed rounds for Alliance DAO across 193 separate companies, read on 11 November 2026, and 139 of them (69%) carry an Accelerator-type round, against 31 Seed and 13 Series A.
How this read was built: on 11 November 2026 NAUT read every round it records Alliance DAO as a backer of, took the stored roundType on each one, and grouped those labels into 7 stage buckets. 201 of the 202 rounds carry a disclosed amount, $715.8M in total. The amount is the size of the round, not the size of the fund's cheque: what 1 backer put into a round is almost never public, so a fund that wrote $500,000 into a $20M round shows up here as a $20M round. The 1 exception is the Accelerator bucket, where the program's own standard offer and the stored round size are the same number for every row.
2 limits to keep in view. Only 47 of the 202 rounds carry an announce date on NAUT's record, and none of them is in the 139-row Accelerator bucket, so this read ranks stages and sizes and cannot date the bucket that wins, and NAUT's stored portfolio count on the fund row is 201 against the 202 backer rows counted here. Everything below is NAUT's record of the fund rather than the world's: a cheque NAUT has not recorded yet is not in any count.
Crypto fund stage focus in 4 steps
The method is 4 moves on 1 fund page, and it runs the same way for any investor row with enough rounds to rank.
- The round type on each backed round is the only field you need to bucket a fund portfolio by round type.
- Rank the buckets by count, because the biggest bucket is the fund's real habit and the headline deals are the exceptions.
- Read the check size inside the winning bucket before you pitch, since a 139-round bucket at $350,000 and a 1-round bucket at $109M are different businesses.
- A stage match is worth nothing until a person's name sits against the fund.
- Open the fund rowNAUT's page for Alliance DAO holds 202 backed rounds across 193 separate companies.
- Group by round type7 stage buckets fall out, from 139 Accelerator rows down to 1 Series B round.
- Read the check sizeThe 139 Accelerator rows total $48.55M, an average of $349,281 each.
- Name a personNAUT lists 4 people on the fund row, 1 of them confirmed as a founding partner.
Step 1: open the fund's own row, not a news search
Start on the investor page, because a news search returns the rounds a fund announced loudly and the page returns all of them. NAUT's row for Alliance DAO holds 202 backed rounds at 193 separate companies, which is 9 companies that appear more than once. The fund row also stores the domain, the X account and the people NAUT has on file, so step 4 needs no second tool.
Step 2: group the round types into stage buckets
The stored labels are messier than the buckets you want, so map them first. Across these 202 rounds NAUT holds 16 distinct round-type strings, and they collapse into 7 buckets: Accelerator, Pre-Seed, Seed, Series A, Series B, Private or Strategic, and Other. The mapping is literal. "Series A", "Series A Round", "Series A Funding Round" and "Series A+ Funding Round" are all 1 bucket of 13. "Seed Round" plus a single row stored as "(SQT) Seed Round" is a bucket of 31. "Alliance DAO Incubation Round", the row against Sleepagotchi, sits with the 138 rows labelled Accelerator to make the 139.
The Other bucket holds 2 rows, and each is there for a reason of its own: hyperlink_xyz's round type is stored as "Undisclosed" at $2.5M, and Clipper's is stored as "Equity Round" at $21M. Neither label names a stage, so neither can be ranked with the rest.
Step 3: rank the buckets, then read the check size inside the winner
Count first, then size. 69% of the rounds in 1 bucket is a clear crypto VC investment stage answer, and the size column tells you what landing in that bucket is worth. Here the winning bucket is also the cheapest one: 139 rounds for $48.55M in total, an average of $349,281 and a median of $350,000. 138 of those 139 rows carry exactly $350,000 and the 139th, Sleepagotchi, carries $250,000.
Compare that with the 1 Series B round, Phantom at $109M, or the largest Seed round, Chaos Labs at $20M. Both sit on the same fund page. Neither tells you what the fund does on a normal week.
Step 4: name a person, then write to that person
NAUT lists 4 people on the fund row. All 4 stored titles were put to an outside source on 11 November 2026 and none came back word for word, so no stored title is printed here. 1 of the 4 resolved cleanly: Qiao Wang, named as a founding partner at Alliance in a post he reposted on X. The other 3 are left out of this article because their stored wording and their current public profiles disagree, which is a defect for NAUT's data team rather than a fact about the people. None of the 4 has a live NAUT person page yet, because their rows carry no slug, so they show on the fund page without a profile of their own.
Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.
Which funding stage does Alliance DAO back most often?
Accelerator, by a distance: 139 of 202 backed rounds, 69% of the fund's record on NAUT. The table below is every bucket, ranked by the number of rounds in it, with the median round size inside each bucket. Each share is that bucket's slice of the 202 rounds, rounded, so the column does not add to exactly 100. Every round carries a stored amount except 1, so each median is built on the bucket's full count.
| Stage bucket | Rounds | Share | Median size |
|---|---|---|---|
| Accelerator | 139 | 69% | $350,000 |
| Seed | 31 | 15% | $4.75M |
| Private or Strategic | 14 | 7% | $5.93M |
| Series A | 13 | 6% | $15M |
| Pre-Seed | 2 | 1% | $18.5M |
| Other | 2 | 1% | $11.75M |
| Series B | 1 | 0.5% | $109M |
The 2 Pre-Seed rows are why a median needs a count beside it: they are Starpower at $2M and 0G at $35M, and the $18.5M median between them describes neither round. The 1 Seed round with no stored amount is Wallchain, which is counted in the 31 and left out of the median.
What does a crypto accelerator funding row look like, company by company?
Every Accelerator row on this fund page carries the same number, so the sample below is 10 of the 139 at $350,000 each, with the 2 later-stage rounds under them for contrast. Round size is the size of the round NAUT records, and the Accelerator rows are the program's standard offer rather than a priced market round.
| Company | Round type on NAUT | Round size |
|---|---|---|
 Raleon |
Accelerator | $350,000 |
 Ratio |
Accelerator | $350,000 |
 Ripe |
Accelerator | $350,000 |
 Coalesce Finance |
Accelerator | $350,000 |
 Sherlock |
Accelerator | $350,000 |
 Singularity |
Accelerator | $350,000 |
 Slop Club |
Accelerator | $350,000 |
| Snapchain | Accelerator | $350,000 |
 Solflare |
Accelerator | $350,000 |
| SpotPay | Accelerator | $350,000 |
 BOB |
Seed Round | $10M |
 Avail |
Series A | $43M |
Alliance's own site advertises more than the stored rows do. On alliance.xyz, read on 11 November 2026, the program offers "$400k upon admission + $400k follow-on at seed", so treat the $350,000 on NAUT's older rows as the historic cohort number and the site as the current offer.
How many rounds has each fund backed on NAUT?
Alliance DAO is the largest investor row on NAUT by backed rounds, which is why it is the worked example here. The chart ranks the 10 largest of the 30 investor rows NAUT read for this article, each of which is recorded on 15 or more rounds with a stored round type. The count is of rounds NAUT records against the row and makes no judgment about the sector of each round, so NVIDIA Venture Capital is in the count on 118 rounds.
Alliance DAO
Coinbase Ventures
AU21 Capital
NGC Ventures
OKX Ventures
LD Capital
NVIDIA Venture Capital
Shima Capital
X21 Digital
GSRAny row on that chart has enough rounds to rank by stage, so the 4 steps above give you a stage answer in the same few minutes for Coinbase Ventures on 186 rounds, AU21 Capital on 168, NGC Ventures on 152, OKX Ventures on 134, LD Capital on 121, Shima Capital on 117, and X21 Digital and GSR on 116 each.
How does a crypto fund stage focus change a founder's pitch?
It tells you whether you are a fit or a rounding error before you spend a week on the introduction.
- Raising $300,000 to $400,000 at the idea stage puts you in the bucket this fund has backed 139 times.
- Raising a $10M to $45M round puts you in a bucket it has backed 14 times across Series A and Series B, so lead with the warm introduction rather than the cold note.
- A fund's single biggest round, $109M here, is the worst number to size your ask against.
- Match your number to the bucket$350,000 lands in the 139-round Accelerator bucket; $43M lands in the 13-round Series A one.
- Count, do not look at the maximumThe median Seed round here is $4.75M, while the largest single round on the page is $109M.
- Write to a named personNAUT lists 4 people on this fund row, and every fund row on the chart lists its own.
What does a crypto fund stage focus miss on NAUT's record?
3 things, and each one is worth saying out loud before you act on a ranking.
The first is dates. Only 47 of the 202 rounds on this fund row carry an announce date on NAUT's record, and all 47 sit outside the Accelerator bucket, so this read cannot tell you whether the Accelerator habit is this year's or 2022's. The second is the cheque. Every amount outside the Accelerator bucket is the whole round, so a 13-round Series A bucket with a $15M median does not mean the fund wrote $15M. The third is coverage: 5 claims were put to an outside source for this article, 1 about the program's own funding offer and 4 about the people NAUT lists on the fund row. No round record was among them, so all 202 rounds are NAUT's stored data, used as stored.
Who do you contact once the stage matches?
The person whose title says they decide, found on the fund's own NAUT page. On this fund row that is 4 people, 1 of them a founding partner, none of them with a NAUT profile page yet. On the other 9 rows in the chart above, the People section of each fund page is the same 1 click, and the API call below returns the same team in 1 request.
Related reading on NAUT: Crypto funding stages: 85 rounds, medians $1.85M to $60M and How to research a VC fund: 6 checks, 23 rounds, 27 partners.
Can you pull this data through the NAUT API?
Yes, and it is 1 call: GET https://api.naut.so/v1/investors/alliance-dao with Authorization: Bearer $NAUT_KEY returns the fund with its team and its portfolio, each row carrying company, roundType, amountUsd, announceDate and isLead, which is every field the 4 steps above need. To build the shortlist of funds first, GET https://api.naut.so/v1/investors?sort=portfolio ranks investor rows by portfolio size, and both calls cost 5 credits each on any paid plan (docs, pricing). Verified Telegram, email and LinkedIn for the people on those rows unlock on any paid NAUT plan, so start a 7-day trial if you need the contact route as well as the stage read.
Crypto fund stage focus FAQ
Which funding stage does a crypto VC back most often?
It depends on the fund, and the answer is in the round types on its own portfolio rows. For Alliance DAO, read on NAUT on 11 November 2026, it is Accelerator: 139 of 202 backed rounds, 69%, against 31 Seed, 13 Series A and 1 Series B.
How do I work out a crypto fund stage focus myself?
Open the fund's NAUT page, group its backed rounds by round type into stage buckets, rank the buckets by count, then read the median round size inside the winning bucket. On Alliance DAO's 202 rounds that takes 16 stored round-type strings down to 7 buckets in 1 pass.
How big is an Alliance DAO accelerator round on NAUT's record?
$350,000. 138 of the 139 Accelerator-bucket rows carry exactly that amount and Sleepagotchi carries $250,000, for $48.55M across the bucket and an average of $349,281.
Does NAUT show when each of these rounds closed?
No. All 202 backed rounds on Alliance DAO's NAUT row carry a round type and 201 carry an amount, but only 47 carry an announce date and none of those is an Accelerator row, so a stage ranking from this row is undated where it matters most.
Where can I find the people at a crypto fund and their contact channels?
On the fund's NAUT page and through GET https://api.naut.so/v1/investors/<slug>, which returns the fund's team beside its portfolio rows. Alliance DAO lists 4 people on NAUT today, and the 10 fund rows ranked in this article each list their own. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open them.
Sources
- NAUT's own database, read on 11 November 2026: every round recorded against Alliance DAO as a backer, its stored round type and amount, the 193 separate companies behind those rounds, the 4 people on the fund row, and the 30 investor rows with 15 or more such rounds.
- Alliance's own site, read on 11 November 2026, for the funding the program offers today: alliance.xyz.
- Qiao Wang's role, from a post on X naming him a founding partner at Alliance that he reposted, with his profile and the firm's site cross-read on Blockworks.
- None of the 202 round records was put to an outside source: the 5 checked claims cover the program's funding offer and the 4 people on the fund row.