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Crypto VC exits: 20 funds ranked, Coinbase Ventures leads with 3

By NAUT Research · · 6 min read

20 Crypto VC exits funds ranked by portfolio companies acquired, from 44 M&A rows on NAUT, 10 Nov 2026. Logos: Coinbase Ventures, Pantera Capital, Multicoin Capital, LedgerPrime, 1confirmation, Alliance DAO, GSR, Hashed, ParaFi Capital, Paradigm, Jump Crypto, Variant.

Crypto VC exits stay thin on the record: NAUT holds 44 crypto companies with an acquisition or merger row in its database, and joining those companies' funding rounds to the firms that backed them gives 42 investor firms credit for at least 1 exit as of 10 November 2026. Coinbase Ventures leads with 3 portfolio companies acquired, and 4 funds hold 2 each: Pantera Capital, Multicoin Capital, LedgerPrime and 1confirmation.

How this was built: on 10 November 2026 NAUT's database was read for every company carrying an M&A-typed investment row, 44 of them, announced between 2 July and 6 November 2026, then each of those companies' earlier funding rounds was joined to its recorded backers. A fund scores 1 exit per distinct portfolio company acquired, so the table below is ranked by that count, and funds with the same count are ordered by the portfolio size NAUT stores for them, largest first. The set is every NAUT row typed as an investor, which puts an accelerator (Alliance DAO), a hedge fund's venture arm (The Spartan Group) and 3 trading firms with venture books (GSR, LedgerPrime and Jump Crypto) alongside the 15 venture funds. Research read 10 claims for this article: the 7 acquisitions that account for every exit credited to the top 20, each confirmed against the buyer's own announcement or a dated news story, plus 2 X handles, and 1 stored portfolio-size figure that could not be confirmed and is left out of the article. The other 37 M&A rows in NAUT's set were not source-checked here. 1 further fund is left out of the ranking because NAUT holds it under 2 unmerged rows and its M&A-linked credit sits on the row this read excluded.

Crypto VC exits: which funds have the most portfolio companies acquired?

These 20 funds hold the most crypto VC portfolio exits on NAUT's record, which is the fastest way to see which crypto VCs have had an exit this year. 5 of the 42 credited firms hold more than 1, so a single exit is enough to reach rank 20. The Companies column names each portfolio company that was acquired.

# Fund Exits Companies Latest exit
1 3 , , 15 Oct 2026
2 2 , 16 Sep 2026
3 2 , 15 Oct 2026
4 2 , 15 Jul 2026
5 2 , 15 Oct 2026
6 1 13 Oct 2026
7 1 15 Jul 2026
8 1 16 Sep 2026
9 1 15 Jul 2026
10 1 15 Jul 2026
11 1 15 Jul 2026
12 1 16 Sep 2026
13 1 15 Oct 2026
14 1 16 Sep 2026
15 1 15 Jul 2026
16 1 15 Oct 2026
17 1 14 Sep 2026
18 1 15 Oct 2026
19 1 8 Jul 2026
20 1 15 Oct 2026

Which companies produced these crypto VC exits, and who bought them?

7 companies account for all 26 exit credits held by the 20 funds above. NAUT's M&A row names the buyer for 2 of the 7, Farcaster and Bluvo; the buyer for the other 5 came from each acquirer's own announcement, read on 10 November 2026. Below, Funds counts the top-20 funds credited with that exit, and NAUT row says whether NAUT's own M&A row names the buyer.

Company Announced Buyer Funds NAUT row
15 Jul 2026 FalconX 9 Empty
15 Oct 2026 7 Named
16 Sep 2026 IRF 5 Empty
8 Jul 2026 N1 2 Empty
13 Oct 2026 1 Named
14 Sep 2026 BabyDoge 1 Empty
8 Jul 2026 Nium 1 Empty

FalconX titled its announcement "FalconX Acquires bloXroute to Accelerate the Future of Onchain Capital Markets" on 15 July 2026. Network School, previously The Network State, took Farcaster on 15 October 2026, and Mesh announced Bluvo 2 days earlier with "Mesh Acquires Bluvo to Expand Global Crypto Payments Network". Nomina, the company previously called Omni Network, went to IRF with its SolverNet intent execution protocol on 16 September 2026, 01.xyz to the L1 blockchain N1 on 8 July 2026, LimeWire to BabyDoge on 14 September 2026 and Cypher to the payments firm Nium on 8 July 2026.

Across all 44 M&A rows in NAUT's set, 37 carry no linked acquirer company and 33 carry no deal headline either, so a buyer-side search on NAUT's stored fields alone misses most of the 2026 deal flow. The 7 deals above are the ones this article checked against a source.

How concentrated are these exits?

Top-20 funds credited with each exit, 10 November 2026
  1. bloXroute9
  2. Farcaster7
  3. Nomina5
  4. 01.xyz2
  5. Bluvo1
  6. LimeWire1
  7. Cypher1

2 deals carry most of the ranking: bloXroute is credited to 9 of the 20 funds and Farcaster to 7, which is why a fund can sit in the top 20 on 1 exit.

What this tells a BD team

  • The crypto M&A buyers are the budget. FalconX, IRF, N1, BabyDoge, Nium, Network School and Mesh each closed a crypto acquisition between 8 July and 15 October 2026, and 5 of those 7 buyers are absent from NAUT's acquirer field, so the names above are the lead list, not a query result.
  • An exit frees up a syndicate. 9 of the 20 funds sat on bloXroute's cap table and 7 on Farcaster's, so 1 deal tells you which 9 or 7 partners are about to redeploy.
  • Rank is thin below the top 5. 15 of the 20 funds hold exactly 1 exit, so treat the lower half as 1 data point each.
How a BD team can work these 20 funds
  1. Start with the 2 big syndicates9 of the 20 funds backed bloXroute and 7 backed Farcaster, both acquired in 2026.
  2. Open the fund pageEach of the 20 NAUT investor pages lists the firm's team and its backed companies.
  3. Pitch the buyer tooMesh and Network School bought in October 2026 and both have a NAUT page.
  4. Reach the partnerVerified Telegram, email and LinkedIn sit behind any paid NAUT plan.

What this tells a founder raising

  • 5 of the 42 credited firms have taken more than 1 portfolio company through an acquisition, and Coinbase Ventures is the 1 fund on 3. A fund that has sold a company before knows the process.
  • Multicoin Capital and LedgerPrime both sat on 01.xyz, and LedgerPrime also backed bloXroute, so a quantitative trading firm appears twice in the exit column alongside the venture funds.
  • M&A is where 2026's crypto liquidity showed up for these teams: all 7 exits in this article landed inside 4 months, 8 July to 15 October 2026.
How a founder can use the exit column
  1. Shortlist the repeat sellersCoinbase Ventures on 3, then Pantera Capital, Multicoin Capital, LedgerPrime and 1confirmation on 2 each.
  2. Read the deal they knowAsk about the exact company: bloXroute, Nomina, Farcaster, 01.xyz, Bluvo, LimeWire or Cypher.
  3. Check who else was inNAUT's page for each company lists the other backers of the same rounds.
  4. Ask for the buyer intro2 of the 7 buyers, Mesh and Network School, are on NAUT with their own pages.

How to reach the funds behind these exits

Every fund in the table links to its NAUT investor page, which carries the firm's team, its backed companies and the channels NAUT holds for each person. Coinbase Ventures posts as @cbventures and Pantera Capital as @PanteraCapital, both confirmed on 10 November 2026, so a cold reply on X is a fallback when a named partner is the better route. For the buyer side, Mesh and Network School have their own NAUT pages, while FalconX, IRF, N1, BabyDoge and Nium were read from their own announcements for this article.

Related reading on NAUT: Crypto M&A deals: 43 since July, 10 name the buyer and Crypto M&A 2026: 10 deals confirmed, 2 disclosed a price.

Can you pull this data through the NAUT API?

Yes, 1 call per fund: GET https://api.naut.so/v1/investors/coinbase-ventures returns the fund with its team and its portfolio rows, each carrying the company, round type, amount, announce date and whether the fund led, which is the join behind this ranking, and GET https://api.naut.so/v1/projects/farcaster returns an acquired company with its team. Each data call costs 5 credits, with the key sent as Authorization: Bearer $NAUT_KEY, and the Essential plan at $49 a month carries 3,000 credits, which is 600 data calls; the documented parameters are in the API docs and the plans at NAUT pricing. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and reach the partners at these 20 funds.

Crypto VC exits FAQ

Which crypto VC has the most portfolio exits?

Coinbase Ventures, with 3 portfolio companies carrying an acquisition row on NAUT as of 10 November 2026: bloXroute, Nomina and Farcaster. Pantera Capital, Multicoin Capital, LedgerPrime and 1confirmation hold 2 each.

How many crypto VCs have had a portfolio company acquired?

42 investor firms on NAUT are credited with at least 1 portfolio exit as of 10 November 2026, drawn from 44 crypto companies with an M&A-typed row announced between 2 July and 6 November 2026. 5 of the 42 hold more than 1, and the other 37 hold exactly 1.

Which companies account for these crypto VC exits?

7 companies produce all 26 exit credits held by the top 20 funds: bloXroute to FalconX on 15 July 2026, 01.xyz to N1 and Cypher to Nium on 8 July 2026, LimeWire to BabyDoge on 14 September 2026, Nomina to IRF on 16 September 2026, Bluvo to Mesh on 13 October 2026 and Farcaster to Network School on 15 October 2026.

Where can I find these funds' partners and their contact channels?

On NAUT. Each of the 20 funds in this article has an investor page with its team, and the same records come back from the API with GET https://api.naut.so/v1/investors/pantera-capital for a fund or GET https://api.naut.so/v1/people?q=partner for people by title. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and open the channels NAUT holds for them.

Sources

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