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Crypto funding round most investors: 15 backers on a $2M deal

By NAUT Research · · 7 min read

117 Crypto round backers backer records across the 12 crypto rounds since 1 January 2026 with 8 or more each. Logos: Spout Finance, REP, Spiko, Jeeves, Walapay, Concrete, Kaiko, Limited, InfiniFi, Tare, Velocity, Fission Labs.

The crypto funding round most investors joined in 2026, on NAUT's record, is Spout Finance's $2M strategic round of 15 October 2026, with 15 backers. NAUT tracks 12 crypto funding rounds announced since 1 January 2026 that carry 8 or more backer records, 117 records and 106 separate crypto round backers across the 12, read on 10 November 2026.

Data as of 10 November 2026, from NAUT's own funding records. The scope is NAUT investment rows announced from 1 January 2026 with 8 or more backer records each: 13 rows qualified on the count and 12 are in this report. 1 row is out for a reason of its own, Mecka's $60M Series B of 7 October 2026 with 8 backer records, because its own NAUT description names a data layer for physical robots rather than a crypto product. Every backer count, lead flag and amount here is what NAUT stores, so a round with no lead flag means NAUT holds none for it rather than that no firm led. All 12 rounds were put to an outside page by the research step: 6 came back confirmed and are cited under Sources, and the other 6 are printed from NAUT's record with no outside citation. The 12 stored source links all point to cryptorank.io, which answered NAUT's fetch with a Cloudflare security-verification page, direct and through a proxy, so the checks used each company's own announcement coverage instead. NAUT Research wrote this report, and no one paid for it.

Crypto funding round most investors: the 12 ranked by backer count

Ranked by the number of backer records NAUT holds for the round. The round column carries the stage NAUT stores, and an undisclosed amount is printed as such rather than as $0.

Backers Company Date Round Raised
15 15 Oct Strategic $2M
12 17 Sep Angel Not disclosed
11 6 Oct Series B $90M
11 29 Sep Series C $110M
10 2 Oct Seed $4.6M
9 19 Aug Strategic Not disclosed
9 14 Sep Extended Series B $57M
8 28 Sep Extended Seed $11.5M
8 23 Sep Seed $3M
8 16 Sep Seed $13.25M
8 14 Jul Series A $38M
8 15 Oct Series A $10M

The 12 rounds all landed inside the 93 days from 14 July 2026 to 15 October 2026, even though the window searched runs from 1 January 2026. 10 of the 12 disclose an amount, $339.35M together, and the 2 that do not are REP's angel round and Concrete's strategic round.

Who backed each round, and who runs each company?

10 of the 12 rounds carry a lead flag on NAUT, spread over 14 firms, and no firm holds the lead flag on more than 1 of the 12. The 117 backer records resolve to 106 separate crypto round backers, each with its own NAUT page: 82 investor pages, 13 company pages (firms NAUT holds as projects, such as Anchorage Digital and Polygon) and 11 people pages.

Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

How much did each of these rounds raise?

Raised per round, the 10 of 12 that disclosed an amount
  1. Jeeves$110M
  2. Spiko$90M
  3. Kaiko$57M
  4. Velocity$38M
  5. Tare$13.25M
  6. Limited$11.5M
  7. Fission Labs$10M
  8. Walapay$4.6M
  9. InfiniFi$3M
  10. Spout Finance$2M

Round size and syndicate size move apart here: the $2M round at the bottom of this chart is the one with 15 backers, and Jeeves's $110M Series C, the largest disclosed, carries 11.

What this tells a BD team

  • 8 crypto investors sit in 2 or more of the 12 rounds, and 3 of them sit in 3: 2Square, Coinbase Ventures, Wintermute. A warm path into 1 of those 3 reaches 3 of these cap tables.
  • 4 of the 12 rounds were announced in October 2026: Spout Finance, Spiko, Walapay, Fission Labs. Those 4 are the newest rounds on this list.
  • 10 of the 12 companies carry a named founder, CEO or operator page on NAUT, 15 people in total.
  • A crowded round means many doors. Spout Finance's round alone names 15 backers, from Flow Traders to Solana Labs, and each has its own NAUT page with its other rounds.
How a BD team works this list
  1. Start with the repeat money2Square, Coinbase Ventures, Wintermute each sit in 3 of the 12 rounds, so 1 relationship covers 3 cap tables.
  2. Take the fresh rounds first4 of the 12 were announced in October 2026, the newest budgets on this list.
  3. Find the decision maker10 of the 12 companies carry a named founder, CEO or operator page on NAUT, 15 people in total.
  4. Work the backer's other dealsEach of the 106 backers has a NAUT investor, company or person page listing the other rounds it backed.

What this tells a founder raising a round

  • 8 or more backers shows up 12 times since 1 January 2026, and the ceiling in that set is 15 on 1 round.
  • A crowded round can be a small round. 4 of the 12 are seed or extended seed rounds, from $3M to $13.25M.
  • Co-investors repeat, leads do not. 8 firms appear in 2 or more rounds, while the 14 firms with a lead flag each hold it once.
  • 2 of the 12 rounds carry no lead flag on NAUT, Spout Finance's and REP's, so a syndicate of this size can close without 1 name in front.
How a founder reads these 12 rounds
  1. Pick the matching stage4 of the 12 are seed or extended seed rounds, from $3M to $13.25M.
  2. Read the syndicate next to the amount$2M bought Spout Finance 15 backers, while the $110M Series C carries 11.
  3. List the firms that co-invest8 firms sit in 2 or more of the 12 rounds, with 2Square, Wintermute and Coinbase Ventures in 3 each.
  4. Check who leads in your stage10 of the 12 rounds carry a lead flag, over 14 firms, none of them twice.

Which backers appear in 2 or more of the 12 rounds?

8 firms do. Ranked by the number of these 12 rounds each one backs.

Backer Rounds Which rounds
3 , ,
3 , ,
3 , ,
2 ,
2 ,
2 ,
2 ,
2 ,

Crypto funding round most investors: how to reach these teams

NAUT holds a page for 15 founders, CEOs and operators at 10 of the 12 companies. Each page lists the channels NAUT has on file for that person, and the titles below are the ones NAUT stores.

REP and Velocity each have a CEO in NAUT's record without a page of their own yet, so neither is named here. Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

Related reading on NAUT: How to find the lead investor: 3 ways, tested on 20 rounds and Crypto co-investors: 3 steps, 168 on 66 rounds for 1 fund.

Can you pull this data through the NAUT API?

Yes, round by round and backer by backer. GET https://api.naut.so/v1/projects/spout-finance with Authorization: Bearer $NAUT_KEY returns Spout Finance and its team, and GET https://api.naut.so/v1/investors/2square returns 2Square with its portfolio rows, each carrying the company, round type, amount, announce date and lead flag that this report reads from NAUT's data. A data 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 for the people on these pages unlock on any paid NAUT plan, so start a 7-day trial if you need the channels.

Crypto funding round most investors FAQ

Which crypto round had the most investors in 2026?

Spout Finance's $2M strategic round, announced 15 October 2026, with 15 backers on NAUT's record. That is the largest syndicate among the 12 crypto rounds NAUT holds with 8 or more backer records since 1 January 2026, read on 10 November 2026.

How many crypto rounds since January 2026 drew 8 or more investors?

12, carrying 117 backer records and 106 separate backers between them, announced from 14 July 2026 to 15 October 2026. 10 of the 12 disclosed an amount, $339.35M in total.

Which investors backed more than 1 of these 12 rounds?

8 firms: 2Square (3), Coinbase Ventures (3), Wintermute (3), Bpifrance (2), Generative Ventures (2), New Form Capital (2), ParaFi Capital (2), Reflexive Capital (2). 3 of them, 2Square, Coinbase Ventures, Wintermute, sit in 3 of the 12 rounds each.

Who led the 12 most crowded crypto funding rounds of 2026?

NAUT flags a lead on 10 of the 12 rounds, across 14 firms, and none of those firms leads 2 of them: New Enterprise Associates (NEA) on Spiko's $90M Series B, CoinFund on Jeeves's $110M Series C and S&P Global on Kaiko's $57M extension among them. NAUT holds no lead flag for Spout Finance's or REP's round.

Where can I find these 12 funded teams, their backers and their contact channels?

On NAUT: each of the 12 companies, the 106 backers and the 15 named founders, CEOs and operators has a page at naut.so, and the same records come back from GET https://api.naut.so/v1/projects/spout-finance or GET https://api.naut.so/v1/investors/2square. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open the channels.

Sources

6 of the 12 rounds came back confirmed against an outside page, listed here. The other 6 are printed from NAUT's record alone.

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