NAUT tracks 97 companies in the HashKey Capital portfolio, on 115 round records dated February 2019 to September 2025, and 77 of the 97 carry a launched token flag. The largest rounds on NAUT's record are Secret Network at $400M and Aztec Network, Berachain and Braintrust at $100M each, according to NAUT's data read on 14 November 2026.
Data note. Read from NAUT's database on 14 November 2026. NAUT holds the firm under 2 rows, and this article counts the union of both without merging them. Most of the record sits on HashKey Group, which NAUT types as a project row, and whose stored description opens by calling HashKey Capital an Asia-based venture capital fund: 114 round records at 96 project companies. A separate Hashkey Capital investor row (X handle @HashKey_Capital) holds 1 more record, Kaiko's $24M Series A in June 2021, which brings the total to 97 companies and 115 records. 2 records are left out because NAUT types the backed company as an investor row: Galxe ($10M, January 2022) and W3GG ($15M, December 2021). Amounts are whole-round sizes, never HashKey's own cheque.
What is in the HashKey Capital portfolio on NAUT?
The HashKey Capital portfolio on NAUT is 97 companies, and its 3 most common sector tags are DeFi (34 companies), Infrastructure (30) and L1/2/3 chains (22). A company can carry several tags, so the rows below overlap; 10 companies carry no sector tag, and Kaiko's 2 tags are stored in lowercase as data and infrastructure.
| Sector tag | Companies | Records | Tokens |
|---|---|---|---|
| DeFi | 34 | 41 | 31 |
| Infrastructure | 30 | 36 | 26 |
| L1/2/3 | 22 | 32 | 22 |
| AI | 21 | 24 | 21 |
| Gaming | 13 | 14 | 12 |
| DEX | 8 | 8 | 5 |
| Privacy | 8 | 12 | 8 |
| RWA | 8 | 8 | 7 |
| DePIN | 7 | 7 | 6 |
| DeFAI | 4 | 4 | 4 |
The 115 records sum to $2.23B, with an $8.45M median and a $19.4M mean. 5 undated records repeat a dated record's company and amount (Aztec Network $100M, Babylon $70M, Brevis $7.5M and 2 at Burnt Xion), so the sum is $2.04B and the mean $18.6M on the 110 records without them. Mystiko and Mystiko Network both carry an $18M seed round and may be 1 project stored under 2 rows; Senate and Sidus both carry $10.5M dated 4 February 2022, which may be 1 round stored under both. All 4 stay in the counts.
By year, NAUT dates 2 records in 2019, 4 in 2020, 28 in 2021, 22 in 2022, 12 in 2023, 21 in 2024 and 3 in 2025; 23 carry no date. 49 of the 115 are seed-type records by their stored round name.
HashKey Capital investments, ranked by largest round
These are the HashKey Capital investments NAUT holds, in 3 tables by the size of each company's largest round on NAUT's record, ranked largest first. Where NAUT holds 2 or more records for 1 company, the round cell says so. The Token column is NAUT's launched-token flag with any stored ticker, so confirm a token on the company's own site before you pitch token services.
Rounds of $20M or more (25 companies)
| Company | Largest round | Token |
|---|---|---|
 Secret Network |
$400.0M, Funding Round, Feb 2022 | Yes (SCRT) |
 Aztec Network |
$100.0M, Series B, Dec 2022; 2 records | Yes (AZTEC) |
 Berachain |
$100.0M, Series B, Apr 2024 | Yes (BERA) |
 Braintrust |
$100.0M, Private Round, Dec 2021 | Yes (BTRST) |
 Sentient |
$85.0M, Seed Round, Jul 2024 | Yes (SENT) |
 Babylon |
$70.0M, Funding Round, May 2024; 2 records | Yes (BABY) |
 Arcus (dYdX) |
$65.0M, Series C, Jun 2021 | No (ticker DYDX stored) |
 Multichain |
$60.0M, Funding Round, Dec 2021 | Yes (MULTI) |
 Avail |
$43.0M, Series A, Jun 2024 | Yes (AVAIL) |
 Xterio |
$40.0M, Funding Round, Aug 2022 | Yes (XTER) |
 Huma Finance |
$38.0M, Series A, Sep 2024 | Yes (HUMA) |
 Kite AI |
$33.0M, Seed and Series A Rounds, Sep 2025; 2 records | Yes (KITE) |
 Evmos |
$27.0M, Token Sale, Nov 2022 | Yes (EVMOS) |
 Nillion |
$25.0M, Funding Round, Oct 2024; 2 records | Yes (NIL) |
 Kaiko |
$24.0M, Series A, Jun 2021 | No |
 Supra |
$24.0M, Private Investment Rounds, Sep 2023 | Yes (SUPRA) |
 Mara |
$23.0M, Funding Round, May 2022 | No (ticker MARA stored) |
 Stakestone |
$22.0M, Funding Round, Nov 2024 | Yes (STO) |
 SynFutures |
$22.0M, Series B, Oct 2023 | Yes (F) |
 aPriori |
$20.0M, Strategic Round, Aug 2025 | Yes (APR) |
 Chaos Labs |
$20.0M, Seed Round, no date stored | No |
 ORA |
$20.0M, Series A Round, no date stored | Yes (ORA) |
 Plume |
$20.0M, Series A, Dec 2024 | Yes (PLUME) |
 Polyhedra |
$20.0M, Funding Round, Mar 2024; 2 records | Yes (ZKJ) |
 Space and Time |
$20.0M, Strategic Round, Sep 2022; 2 records | Yes (SXT) |
Rounds of $10M to $19.9M (22 companies)
| Company | Largest round | Token |
|---|---|---|
 Efinity |
$18.9M, Private Round, Mar 2021 | Yes (EFI) |
 Colony |
$18.5M, Seed Round, Nov 2021 | Yes (CLY) |
 Karate Combat |
$18.0M, Funding Round, Apr 2023 | Yes (KARATE) |
 Mystiko |
$18.0M, Seed Funding Round, no date stored | No |
 Mystiko Network |
$18.0M, Seed Round, Mar 2024 | Yes (XZK) |
 Skale |
$17.1M, Funding Round, Oct 2019 | Yes (SKL) |
 Coinshift |
$15.0M, Series A Round, no date stored | No |
 RSS3 |
$15.0M, Private Round, Dec 2021 | Yes (RSS3) |
 AltLayer |
$14.4M, Strategic Round, Feb 2024 | Yes (ALT) |
 Casper |
$14.0M, Funding Round, Oct 2020 | Yes (CSPR) |
 Nym |
$13.0M, Series A, Nov 2021 | Yes (NYM) |
 Saakuru |
$12.5M, Private Round, Dec 2021; 2 records | Yes (AAG) |
 WalletConnect |
$12.5M, Ecosystem Round, Nov 2022 | Yes (WCT) |
 Cysic |
$12.0M, Pre-Series A Round, no date stored; 2 records | Yes (CYS) |
 Sign |
$12.0M, Seed Round, Mar 2022; 2 records | Yes (SIGN) |
 raikucom |
$11.25M, Seed Round, no date stored | No |
 Senate |
$10.5M, Seed and Private Rounds, Feb 2022 | Yes (SENATE) |
 Sidus |
$10.5M, Seed and Private Rounds, Feb 2022 | Yes (SIDUS) |
 GoPlus Security |
$10.0M, Funding Round, Jun 2024 | Yes (GPS) |
 Matr1x |
$10.0M, Series A, Sep 2022 | Yes (MAX) |
 MixMarvel |
$10.0M, Funding Round, Feb 2019 | Yes (MIX) |
 WOO Network |
$10.0M, Seed Rounds, Oct 2020 | Yes (WOO) |
Rounds under $10M (50 companies)
| Company | Largest round | Token |
|---|---|---|
 Perpl |
$9.25M, Private Round, no date stored | No |
 Aethir |
$9.0M, Pre-Series A, Jul 2023 | Yes (ATH) |
 Rome Protocol |
$9.0M, Seed Round, no date stored | No |
 Perle Labs |
$8.5M, Pre-Seed Round, no date stored | Yes (PRL) |
 Almanak |
$8.45M, Funding Round, Aug 2025 | Yes (ALMANAK) |
 Age of Dino |
$8.0M, Seed Round, Sep 2023 | No (ticker AOD stored) |
 Burnt Xion |
$8.0M, Seed Round, Jan 2022; 4 records | Yes (XION) |
 OpenLedger |
$8.0M, Seed Round, Jul 2024 | Yes (OPEN) |
 Brevis |
$7.5M, Seed Round, Nov 2024; 2 records | Yes (BREV) |
 Nibiru |
$7.5M, Seed Round, Sep 2022 | Yes (NIBI) |
 Particle Network |
$7.0M, Seed Round, Mar 2023 | Yes (PARTI) |
 sentioxyz |
$6.4M, Seed Round, no date stored | No |
 Aark Digital |
$6.0M, Funding Round, Apr 2024 | Yes (AARK) |
 Karmaverse |
$6.0M, Private Round, Feb 2022 | No (ticker KNOT stored) |
 Moonbeam |
$6.0M, Strategic Round, Mar 2021; 2 records | Yes (GLMR) |
 peaq |
$6.0M, Funding Round, Jun 2022 | Yes (PEAQ) |
 Swarm |
$6.0M, Private Round, Feb 2021 | Yes (BZZ) |
 TabTrader |
$5.8M, Series A, Nov 2021 | Yes (TTT) |
 My shell |
$5.6M, Seed Round, Oct 2023 | Yes (SHELL) |
 Heroes of Mavia |
$5.5M, Seed Round, Jan 2022; 2 records | Yes (MAVIA) |
 Beoble |
$5.0M, Seed Round, Feb 2024; 2 records | Yes (BBL) |
 MYX Finance |
$5.0M, Seed Round, no date stored; 2 records | Yes (MYX) |
 UXLINK |
$5.0M, Funding Round, May 2024 | Yes (UXLINK) |
 LiveArt |
$4.5M, Seed Round, Mar 2022 | Yes (ART) |
 ZKX |
$4.3M, Seed Funding Round, no date stored | Yes |
 Synchrony |
$4.2M, Seed and Private Rounds, Oct 2021 | No (ticker SCY stored) |
 DIN |
$4.0M, Seed Round, Jul 2023 | Yes (DIN) |
 Skate |
$3.75M, Seed Round, no date stored | Yes (SKATE) |
 Pendle |
$3.7M, Private Round, Apr 2021 | Yes (PENDLE) |
 Moonveil |
$3.6M, Pre-Series A, Aug 2024 | Yes (MORE) |
 Aspecta |
$3.5M, Seed Round, Mar 2023 | Yes (ASP) |
 iZUMi Finance |
$3.5M, Series A, Dec 2021 | Yes (IZI) |
 Meson Network |
$3.5M, Funding Round, Jun 2021 | Yes (MSN) |
 Opium |
$3.25M, Funding Round, Nov 2020 | Yes (OPIUM) |
 Metaverse Magna |
$3.2M, Seed Round, Sep 2022 | No (ticker HPR stored) |
 Clearpool |
$3.0M, Funding Round, Sep 2021 | Yes (CPOOL) |
 InsurAce |
$3.0M, Strategic Round, Mar 2021 | No (ticker INSUR stored) |
 Puffverse |
$3.0M, Funding Round, Apr 2024 | Yes (PFVS) |
 Divergence |
$2.9M, Seed and Private Rounds, Jul 2021 | Yes (DIVER) |
 Ruby Exchange |
$2.8M, Seed and Strategic Rounds, Oct 2021 | No (ticker RUBY stored) |
 Mind Network |
$2.5M, Seed Round, Jun 2023 | Yes (FHE) |
 Rangers Protocol |
$2.5M, Private Round, Jun 2021; 2 records | No (ticker RPG stored) |
 Astar Network |
$2.4M, Series A, Feb 2021 | Yes (ASTR) |
 bitsCrunch |
$2.4M, Strategic Round, no date stored | Yes (BCUT) |
 ReadON |
$2.0M, Seed Round, Aug 2022 | No (ticker READ stored) |
 Stackswap |
$1.3M, Seed Round, Nov 2021 | No (ticker STSW stored) |
 Charged Particles |
$1.0M, Seed Round, May 2021 | Yes (IONX) |
 Cykura (Cyclos) |
$1.0M, Seed Round, Aug 2021 | No (ticker CYS stored) |
 Fanton |
$1.0M, Seed Round, Aug 2024 | Yes (FTON) |
 Obol Network |
$1.0M, Protocol Strategic Round, no date stored | Yes (OBOL) |
20 of the 97 carry no launched token flag. 12 of those 20 still hold a ticker on NAUT's record (such as DYDX at Arcus (dYdX)), so check them before you treat them as pre-token; Kaiko, Chaos Labs, Mystiko, Coinshift, raikucom, Perpl, Rome Protocol and sentioxyz hold neither. Kaiko's NAUT row also carries no description yet.
Which HashKey Capital portfolio rounds were the largest?
These 10 companies hold $1.06B of the $2.23B on NAUT's record, counting each company's largest round once. The $400M Secret Network record links to a report of ecosystem funding, and an outside check on it came back contradicted, so confirm what that figure covers before you quote it.
Which rounds did outside reports confirm?
6 of the 115 records were put to an outside check. 3 came back confirmed on sources NAUT could match and are tabled here; Sentient and Braintrust came back confirmed on 1 source each that NAUT could not read, so they stay out of this table, and Secret Network came back contradicted. The other 109 records were not checked outside NAUT.
| Company | NAUT's record | Outside report |
|---|---|---|
| Berachain |
$100M Series B, Apr 2024 | $100M Series B,  Framework Ventures and  Brevan Howard Digital co-led, HashKey a backer |
| Aztec Network |
$100M Series B, Dec 2022 | $100M round led by  Andreessen Horowitz (a16z), HashKey listed as Hash Key |
| Babylon |
$70M, May 2024 | $70M raise led by  Paradigm,  Hashkey Capital among participants |
Bullish's release reads: "Babylon completes $70M raise led by Paradigm to advance trustless Bitcoin staking".
Who invests alongside HashKey Capital?
NAUT records 323 other backers on the 115 HashKey round records. The table ranks the 8 that share the most records.
| Co-investor | Shared round records | Type on NAUT |
|---|---|---|
 Animoca Brands |
15 | Project row |
 SevenX Ventures |
13 | Investor |
 Alameda Research |
13 | Investor |
 Foresight Ventures |
12 | Investor |
 OKX Ventures |
11 | Investor |
 HTX Ventures |
11 | Investor |
 GSR |
10 | Investor |
 The Spartan Group |
10 | Investor |
For anyone mapping an Asia crypto VC portfolio, the HashKey Group row's own description calls the fund Asia-based, and these 8 firms are the ones NAUT most often records in the same rounds.
What this tells a BD team
- 24 records are dated 2024 or later, at 24 companies, headed by Berachain's $100M Series B and Sentient's $85M seed, with Kite AI's $33M in September 2025 the latest.
- 77 of 97 carry a token flag, so token-side services (listings, market making, liquidity) fit most of this list.
- Infrastructure and chain sellers have the biggest pools: 30 companies tagged Infrastructure and 22 tagged L1/2/3.
- Start with the recent raises24 records are dated 2024 or later, headed by Berachain at $100M.
- Pick your size table25 companies raised $20M or more in a round, 50 raised under $10M.
- Open each company pageThe NAUT page lists the team NAUT holds for that company.
- Use the shared backersAnimoca Brands sits on 15 of the records and SevenX Ventures on 13, a warm route in.
What this tells a founder raising
- The median round HashKey joined is $8.45M across 115 records, and 49 are seed-type records, so early rounds are well within its range on NAUT's record.
- For Berachain, Aztec Network and Babylon, the outside reports name other firms as leads. Plan to bring a lead and pitch HashKey as a participant.
- DeFi (34 companies) and Infrastructure (30) are the deepest tags, so a DeFi or infrastructure story matches most of its record.
- Check the fit34 of the 97 companies are tagged DeFi and 30 Infrastructure.
- Line up a leadThe 3 outside reports checked here name other firms as leads.
- Ask a portfolio founderPick a team in your size table and open its NAUT page.
- Reach the fundThe HashKey Group page on NAUT shows any team NAUT holds for it.
How to reach the teams behind these companies
Every company above links to its NAUT page, which lists the team NAUT holds for it and says which channels NAUT has on file. The HashKey Group page holds most of the portfolio list, and the Hashkey Capital investor row holds the Kaiko record. Names, roles and X handles show on the free plan.
Related reading on NAUT: Hashed portfolio: 59 companies on NAUT, 41 with a token and OKX Ventures portfolio: 121 companies, average round $9.6M.
Can you pull this data through the NAUT API?
Yes, in 2 parts: GET https://api.naut.so/v1/investors/hashkey-capital with the header Authorization: Bearer $NAUT_KEY returns the Hashkey Capital fund row with its portfolio rows (company, roundType, amountUsd, announceDate, isLead), and since most of the record sits on the HashKey Group project row, GET https://api.naut.so/v1/projects/berachain returns any 1 portfolio company with its team. Each call costs 5 credits, and the Essential plan is $49 a month for 3,000 credits; see the API docs and pricing. Verified Telegram, email and LinkedIn for the people behind these companies unlock on any paid NAUT plan, so start a 7-day trial.
HashKey Capital portfolio FAQ
Which companies has HashKey Capital backed?
NAUT tracks 97 companies backed by HashKey Capital on 115 round records from February 2019 to September 2025, read on 14 November 2026. The largest rounds on NAUT's record are Secret Network at $400M and Aztec Network, Berachain and Braintrust at $100M each.
Is HashKey Capital the same as HashKey Group on NAUT?
NAUT holds the firm under 2 rows: HashKey Group, typed as a project, with 114 records at 96 companies, and Hashkey Capital, typed as an investor, with 1 record (Kaiko), read on 14 November 2026. This article counts both together as 97 companies.
How much does HashKey Capital invest in a round?
The rounds HashKey Capital joined have an $8.45M median and a $19.4M mean across 115 records on NAUT, read on 14 November 2026. Those are whole-round sizes; HashKey's own cheque is rarely disclosed.
Which funds invest alongside HashKey Capital?
Animoca Brands shares 15 of HashKey Capital's 115 round records on NAUT, read on 14 November 2026, SevenX Ventures and Alameda Research 13 each, and Foresight Ventures 12.
Where can I find the teams in the HashKey Capital portfolio and their contact channels?
NAUT's company pages cover all 97 HashKey Capital portfolio companies, each listing the team NAUT holds and the channels it has on file, and GET https://api.naut.so/v1/projects/<slug> returns any 1 of them with its team. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial.
Sources
- Berachain: The Block and CoinMarketCap Academy.
- Aztec Network: SiliconANGLE and FinTech Global.
- Babylon: Bullish and The Block.
- HashKey Capital's X account: @HashKey_Capital, linked from HashKey Group's Fund IV release.
- NAUT's database, read on 14 November 2026, for every count, sum, median, sector tag and co-investor figure.