Crypto VC fund exit: 2 Pantera exits, 9 co-backers to ask

A crypto VC fund exit is the cheapest reason you will ever have to write to a fund, and NAUT tracks 44 M&A records across its database, read on 10 November 2026, 2 of them at companies Pantera Capital is recorded as backing: bloXroute, whose M&A record is dated 15 July 2026, and Nomina, dated 16 September 2026. The 4 steps below turn those 2 records into a named person and a warm path to them, using the 9 other funds NAUT records on the same 3 rounds.

How this was built: on 10 November 2026, NAUT read every investment record it tags as M&A and joined it to its backer records. That is 44 M&A records, and 54 fund-to-record links across 48 funds, where a fund counts for a record when NAUT records it as a backer of any round at that company. NAUT's data shows 58 companies with Pantera Capital recorded as a backer, so the 2 exits here are the slice of that portfolio carrying an M&A record, which is narrower than every exit the fund has ever had.

3 limits to read with it. First, the M&A records themselves are thin: both of these store no acquirer, no amount and no deal headline, so the acquirer names come from reports outside NAUT. Second, Omni Network's NAUT row is archived and merged into the Nomina row, which is correct after the token rebrand, and that row still carries no reference back to the acquisition. Third, 2 of the 3 Nomina funding records carry no announce date, so they appear below without one. Every backer count here is NAUT's record of who was in a round, which can hold fewer names than a round's own announcement.

9 outside claims about the 2 exits went through a source check, covering those 2 companies and nothing else in the 44. 5 are used below. 2 came back different and are printed as caveats rather than facts. 2 were marked confirmed by the checker while its wording could not be located on the page, so they are left out. The stored source URLs on both M&A records point at cryptorank.io, which returned a bot check to NAUT's fetch, direct and through a text proxy, so the acquirers' own releases were read instead.

Crypto VC fund exit: the 4 steps

The play is short because the opening is already written for you: the fund has something it wants to be congratulated on, and a company whose team is now distracted or free.

• Find the exit records a fund actually has on file before you write a word about them.
• Work from the specific round the fund backed, because that is the shared history you can name.
• The co-backers on that round are the warm path, and they exited on the same deal.
• You cannot send a note to a firm, so the last step is a person with a title.

Step 1: find the exit records, then check how rare they are

Open the fund's NAUT page and look for the portfolio companies carrying an M&A record. For Pantera Capital that is 2 rows out of the 44 M&A records NAUT holds, which puts it level with 3 other funds and 1 record behind the top of the table. Rarity is the thing that makes the opening line work: crypto VC exits are uncommon enough on the record that a fund with 2 of them will read a note about either.

Step 2: pull the round the fund was actually in

Congratulating a fund on a deal it joined 4 years before the exit reads differently than congratulating it on a logo. NAUT's data shows Pantera Capital on bloXroute's Series A of 9 May 2019, a $19M round, and on 2 of the 3 funding records at Nomina: the $18M round announced 26 April 2023 and a $1.638M seed round that carries no date on NAUT. The other bloXroute records show a $1.55M seed round of 22 March 2018 and a $70M Series B of 12 April 2022, neither with Pantera recorded in it, and the third Nomina record is a $5.25M Binance IEO round with no backers on NAUT's record and no date.

Step 3: list the co-backers, because they are the warm path

Everyone else in that round had the same exit, which is what makes a warm intro after an exit easier to ask for than a cold note. 9 other funds sit on the 3 rounds above, all 9 with a NAUT page, and Coinbase Ventures is the only firm NAUT records at both companies. That makes it the single most useful name in this data set: it can speak to the fund, to both companies, and to its own 3 M&A records, the most of any fund here.

Step 4: name the person, then write to that person

NAUT lists Austin King as Co-Founder and CEO at Nomina and Tyler Tarsi as CTO, both with their own NAUT page. On the bloXroute side NAUT holds 3 people with no page of their own yet, among them CEO and Co-Founder Uri Klarman. The buyer side is a target too: FalconX's CEO and Co-Founder is Raghu Yarlagadda, and the release carrying the deal quotes him by that title. Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

Which crypto VC fund exit records does NAUT hold for Pantera Capital?

2, both from 2026, across 3 funding rounds. Each row below is 1 of those rounds, with the amount on NAUT's record and the buyer named in reports outside NAUT.

Company	Pantera's round	Amount	Buyer
bloXroute	Series A, 9 May 2019	$19M	FalconX
Nomina	Funding round, 26 April 2023	$18M	IRF
Nomina	Seed round, no date on NAUT	$1.638M	IRF

Terms were not disclosed in either deal. The bloXroute deal carries 1 caveat worth naming: the claim NAUT put through the check said 16 July 2026, and the check came back with 15 July 2026, the date on FalconX's own newsroom post and on the PR Newswire release, which is also the date NAUT stores on the M&A record. IRF has no NAUT row, so it stays unlinked here; the release says it acquired Nomina and its SolverNet intent execution protocol, and describes IRF as "focused on building decentralized financial infrastructure for AI agents".

Which funds have the most crypto fund exits on NAUT's record?

Coinbase Ventures, with 3 of the 44 M&A records. 4 funds hold 2, Pantera Capital among them, and 43 funds hold exactly 1, which is why a second exit is worth writing about at all. The table is ranked by the number of M&A records NAUT holds at companies the fund is recorded as backing.

Fund	Exit records	Share of 44
Coinbase Ventures	3	7%
1confirmation	2	5%
LedgerPrime	2	5%
Multicoin Capital	2	5%
Pantera Capital	2	5%

5 funds clear 2 records out of the 48 funds NAUT records against at least 1 of the 44, so the bar for a repeat exit story is low and the list of funds that clear it is short.

Who can make the warm intro after a crypto VC fund exit?

The funds that sat in the same round. 9 of them appear on NAUT's record of the 3 rounds Pantera Capital joined at these 2 companies, and each one is a route into the same story from a different side. The table names 8 of the 9, ranked by the exit they share. The 9th is a co-backer on both Nomina rounds, and it appears by name on NAUT's own Nomina page.

Fund	Shared exit	Round
Coinbase Ventures	bloXroute and Nomina	Series A 2019 and the $18M round
1confirmation	bloXroute	Series A, 9 May 2019
Fenbushi Capital	bloXroute	Series A, 9 May 2019
LedgerPrime	bloXroute	Series A, 9 May 2019
Maven 11 Capital	bloXroute	Series A, 9 May 2019
Hashed	Nomina	$18M round and seed round
Jump Crypto	Nomina	$18M round and seed round
The Spartan Group	Nomina	$18M round and seed round

1 row here carries the second caveat from the source check. The 2019 bloXroute round is on NAUT's record with 6 backers including LedgerPrime, and the check came back placing LedgerPrime in a later 2021 round at the same company rather than in the 2019 one. Treat that row as NAUT's record pending a fix, and lead with a different co-backer if the 2019 round is the thing you are naming. The Nomina side held up: a report on the $18M round names Jump Crypto, Pantera Capital, Coinbase Ventures, Hashed and The Spartan Group among its investors.

How do you write the note after an exit?

Lead with the record, name the round, then ask for 1 thing. 3 lines is enough: the deal and its date, the round the fund was in and the year, and the single ask. "You backed bloXroute's Series A in May 2019 and FalconX bought it in July" is a sentence no generic pitch can fake, and it tells the partner you read something before writing.

Pick the side that fits what you sell. Selling to the buyer puts you in front of FalconX, which is now integrating what it bought. Selling to the team puts you in front of Nomina's people, whose protocol has a new owner. Raising money puts you in front of the fund, which has a result to point at and a reason to take a meeting about the next one. All 3 run off the same 2 records.

Related reading on NAUT: How to ask for a warm introduction in crypto: 5 templates and Pantera Capital portfolio: 58 companies, average round $24.7M.

Can you pull this data through the NAUT API?

Yes. GET https://api.naut.so/v1/investors/pantera-capital 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, which is where the 3 rounds and the 9 co-backers in this article come from; GET https://api.naut.so/v1/projects/nomina returns the company with its team, including Austin King and Tyler Tarsi. Both are GET calls with an Authorization: Bearer $NAUT_KEY header at 5 credits each, and the Essential plan at $49 a month carries 3,000 credits, which is 600 data calls (docs, pricing). Verified Telegram, email and LinkedIn for the people on those pages unlock on any paid NAUT plan, so start a 7-day trial if you need to reach them this week.

Crypto VC fund exit FAQ

What is a crypto VC fund exit, and how many does NAUT track?

An exit is the point where a fund's portfolio company is bought or taken off the board, and in NAUT's data that shows up as an M&A record against the company. NAUT held 44 of those records when this was read on 10 November 2026, spread across 48 funds and 54 fund-to-record links.

Which Pantera Capital portfolio companies have an exit record on NAUT?

2, both in 2026: bloXroute, with an M&A record dated 15 July 2026 and FalconX named as the buyer in reports, and Nomina, dated 16 September 2026 with IRF named as the buyer. Terms were not disclosed in either deal.

How to get a warm intro after a fund exit, step by step?

Name the exact round the fund joined rather than the logo, then ask a co-backer from that same round for the introduction. On NAUT's record, 9 funds other than Pantera Capital sat in the 3 rounds behind these 2 exits, and Coinbase Ventures is the only firm recorded at both companies.

Where can I find these funds, companies and their contact channels?

On their NAUT pages: Pantera Capital, bloXroute, Nomina and the 9 co-backers each have one, and so do Austin King and Tyler Tarsi. The same 2 exits and 9 co-backers come back from GET https://api.naut.so/v1/investors/pantera-capital, and each person's verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open them.

Does NAUT store the buyer and the price of each exit?

Not on these 2 records. Both store an announce date and nothing for the acquirer, the amount or a deal headline, which is logged as a defect to fix, so the buyer names here come from reports outside NAUT.

Sources

• NAUT's own database, read on 10 November 2026: the 44 investment records tagged M&A, the funds recorded as backers at each of those companies, and the funding records and people at bloXroute and Nomina.
• FalconX and bloXroute: FalconX's own newsroom post and the PR Newswire release, both dated 15 July 2026, which also carry the titles for Raghu Yarlagadda and Uri Klarman.
• IRF and Nomina: ChainCatcher on 16 September 2026, with the GlobeNewswire release as the second source.
• The 2023 Nomina round and its investors: ICODrops, with Cointime as the second source.
• The 2019 bloXroute round: CryptoNinjas on 10 May 2019, which is the check that placed LedgerPrime in a later round.
• Austin King's title was checked against Crunchbase and his LinkedIn.