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Crypto Series C funding: 13 C/D rounds, $1.497B, median $110M

By NAUT Research · · 7 min read

$1.497B Crypto Series C raised in 13 crypto Series C and D rounds on NAUT, June 2019 to September 2026. Logos: Immutable, zkSync, Helium, Jeeves, Gauntlet, World, StarkWare, EDX Markets, dYdX, Chia Network.

NAUT tracks 13 crypto Series C and Series D rounds, 10 Series C and 3 Series D, dated 15 June 2019 to 29 September 2026, and together they raised $1.497B at a median of $110M a round. Crypto Series C funding on NAUT's record runs from $15M to $200M a round with a median of $112.5M, and the most frequent backer is Alameda Research on 3 rounds, while the named leads include Blockchain Capital, Tencent, CoinFund and Paradigm.

Data as of 14 November 2026, from NAUT's funding records. NAUT holds 45 Series C and Series D round records at live project rows (27 C and 18 D, 44 with an amount, 30 dated since 2024). 29 of the 45 belong to companies whose own description names an AI, robotics, chip, software or media business, so they are out. 3 more are out because NAUT cannot confirm them as crypto: Fasset and Whop carry no stored description, and PhotonPay's description names no crypto product. That leaves 13 crypto rounds at 10 companies, all 13 with an amount and 3 dated since 2024. The 10 largest had their amount and date checked against a published report or the company's own release; the other 3 (Chia Network's Series D, StarkWare's Series C and Helium's Series C) are NAUT's record alone.

Which crypto Series C funding rounds are the largest, and who led them?

The largest crypto Series C and D rounds on NAUT are 3 at $200M each: Immutable and zkSync in Series C and Helium in Series D, all in 2022. Ranked by amount raised, largest first:

Company Round Raised Date Lead
Series C $200M 7 Mar 2022 , per the cited report
Series C $200M 16 Nov 2022 and , co-leads per the cited report
Series D $200M 19 Feb 2022 Not on NAUT's record
Series C $180M 22 Mar 2022
Series C $125M 9 Jul 2026 , the sole investor per the cited report
Series C $115M 25 May 2023 , per the cited report
Series C $110M 29 Sep 2026
Series D $100M 25 May 2022 Not on NAUT's record
Series C $76M 7 Jul 2026 , per EDX's release
Series C $65M 15 Jun 2021 , per the cited report
Series D $61M 24 May 2021 Not on NAUT's record
Series C $50M 16 Nov 2021 Not on NAUT's record
Series C $15M 15 Jun 2019 Not on NAUT's record

NAUT's backer records flag the lead on 2 rounds, Tencent at Jeeves in 2022 and CoinFund at Jeeves in 2026. The reports cited below name the lead for 5 more and the sole investor for Gauntlet, so 8 of the 13 rounds have a named lead or sole investor. A few labels differ from the reports: the zkSync round was raised by its developer Matter Labs, the World round by Tools for Humanity, both StarkWare rounds by the company that builds Starknet, and the 2021 dYdX round under its old name, before the Arcus name NAUT now shows. The reports on Jeeves's 2026 raise call it $110M in equity funding, and NAUT records it as Series C. The Block dated Helium's Series D report 18 February 2022, a day before NAUT's date.

How big is a crypto Series C funding round, and a Series D?

A crypto Series C on NAUT's record raised a median of $112.5M, and crypto Series D funding came to a median of $100M across 3 rounds. The table splits the 13 rounds by stage and by date:

Group Rounds Total Median Min Max
Series C 10 $1.136B $112.5M $15M $200M
Series D 3 $361M $100M $61M $200M
All 13 13 $1.497B $110M $15M $200M
Since 2024 3 $311M $110M $76M $125M
Raised per round, the 13 crypto Series C and D rounds on NAUT
  1. Immutable$200M
  2. zkSync$200M
  3. Helium D$200M
  4. Jeeves 2022$180M
  5. Gauntlet$125M
  6. World$115M
  7. Jeeves 2026$110M
  8. StarkWare D$100M
  9. EDX Markets$76M
  10. dYdX$65M
  11. Chia D$61M
  12. StarkWare C$50M
  13. Helium C$15M

Bars marked D are Series D; every other bar is a Series C. 5 of the 13 rounds are dated 2022, and 3 are dated since 2024: Gauntlet at $125M, Jeeves at $110M and EDX Markets at $76M.

Which firms backed 2 or more crypto Series C and D rounds?

7 late-stage crypto investors sit on 2 or more of the 13 rounds on NAUT's record, ranked here by rounds. 11 of the 13 rounds carry at least 1 backer on NAUT's record; Gauntlet and EDX Markets carry none yet, while the cited reports name SBI Holdings as the sole investor in both.

Firm Rounds Companies Backed
3 2 C, C and D
2 2 C, C 2026
2 2 C, C 2026
2 1 C and D
2 1 C 2022 and 2026
2 1 C 2022 and 2026
2 1 C 2022 and 2026

3 of the 7 back 2 different companies: Alameda Research, ParaFi Capital and Wintermute. The other 4 came back for a second round at the same company.

Who backed each round on NAUT's record?

What this tells a BD team

  • 3 companies hold fresh late-stage money. Gauntlet raised $125M on 9 July 2026, EDX Markets $76M on 7 July 2026 and Jeeves $110M on 29 September 2026.
  • The older rounds cluster in 2022. 5 of the 13 are dated that year, so treat a 2022 raise as history and check the company's page for its current team before you pitch.
  • 1 investor sits behind 2 of the 3 newest rounds. The cited reports name SBI Holdings as the sole investor at both Gauntlet and EDX Markets, so SBI is the firm to research for late-stage 2026 deals; its NAUT page does not yet list these 2 rounds.
How a BD team can work this list
  1. Start with the 2026 roundsGauntlet $125M, Jeeves $110M and EDX Markets $76M closed between July and September 2026.
  2. Open the company pageEach NAUT company page lists its team, so find the buyer for what you sell.
  3. Check the investor overlapSBI Holdings is named in the cited reports as the sole investor in 2 of the 3; its NAUT page does not list these rounds yet, so research the firm directly.
  4. Reach out on a verified channelEach person page says which channels NAUT has on file.

What this tells a founder raising a Series C

  • The middle of the market is about $110M. The 10 crypto Series C rounds on NAUT's record have a median of $112.5M, with a range of $15M to $200M.
  • Lead names are scarce in the stored records. NAUT's backer records flag the lead on 2 of the 13 rounds, and the cited reports name 5 more, so read the round's coverage before you treat a backer list as the lead list.
  • Repeat backers come back to their own companies. 4 of the 7 repeat firms backed 2 rounds at 1 company, among them GIC, CRV and Andreessen Horowitz (a16z) at Jeeves, so your existing investors are the first call.
How a founder can use this list
  1. Size the askThe 10 crypto Series C rounds on NAUT range from $15M to $200M, median $112.5M.
  2. List the leadsBlockchain Capital, CoinFund, Tencent, Paradigm, Dragonfly and Temasek each led 1 or more of these rounds.
  3. Find the partnerEach NAUT investor page lists the fund's team and portfolio.
  4. Start with your own cap table4 of the 7 repeat firms came back for a second round at the same company.

How to reach the people behind these rounds

Every company in the table has a NAUT page with its team, and every linked fund has a NAUT investor page with its partners and portfolio. Open the company page for the people who run the business, then the lead's page for the partner who did the deal. Each person page says which channels NAUT has on file, such as Telegram, email and LinkedIn.

Related reading on NAUT: Crypto funding stages: 85 rounds, medians $1.85M to $60M and How to find the lead investor: 3 ways, tested on 20 rounds.

Can you pull this data through the NAUT API?

Yes: GET https://api.naut.so/v1/investors/parafi-capital with the header Authorization: Bearer $NAUT_KEY returns 1 fund with its team and portfolio, and each portfolio row carries the company, roundType, amountUsd, announceDate and isLead, so you can filter for Series C and Series D. GET https://api.naut.so/v1/projects/jeeves returns 1 company with its team, at 5 credits per call (docs, pricing). Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to reach the people behind these rounds.

Crypto Series C funding FAQ

How much do crypto companies raise in Series C?

The 10 crypto Series C rounds NAUT tracks, dated 15 June 2019 to 29 September 2026, raised $1.136B in total, from $15M at Helium in 2019 to $200M at Immutable and zkSync in 2022, with a median of $112.5M.

Who invests in crypto Series C and Series D rounds?

On NAUT's record of 13 crypto Series C and D rounds, Alameda Research backed 3, and ParaFi Capital, Wintermute, 3AC, GIC, CRV and Andreessen Horowitz (a16z) backed 2 each. Named leads include Blockchain Capital on 2 rounds, plus Tencent, CoinFund, Paradigm, Dragonfly and Temasek.

Which crypto companies raised a Series C or D since 2024?

3 of the 13 rounds on NAUT's record are dated since 2024: Gauntlet raised $125M on 9 July 2026, EDX Markets $76M on 7 July 2026 and Jeeves $110M on 29 September 2026, $311M together.

Where can I find the teams and investors behind crypto Series C rounds?

NAUT has a page for each of the 10 companies behind these 13 rounds and for the funds that backed them, and GET https://api.naut.so/v1/projects/gauntlet-network returns that company with its team. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial.

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