Is this crypto VC still active: 3 signals, 6 rounds in 2 months

Is this crypto VC still active? Read 3 signals off the fund's own record before you pitch it: the date of its last round, how many rounds it holds in total, and whether the co-investors on the recent rounds are names that did not appear on the old ones. NAUT holds 40 round records for Blockchain Capital across 34 companies, read on 10 November 2026, and 6 of those rounds were announced between 9 September and 5 November 2026, which puts the fund among the 88 of 608 tracked investor rows whose last round is dated inside 30 days.

Data note. Every figure here was read from NAUT's own database on 10 November 2026, read-only. The worked fund is 1 investor row, Blockchain Capital, with 40 round-backer records attached to it. The market baseline is the 608 live investor rows that carry 3 or more round records, so every comparison below is against funds that already have a history, never against empty rows. 6 of the fund's 40 round records were put to outside reports: 5 came back confirmed, with the report wording located on 4 of them, and the 6th returned an amount that differs from the rounded figure in the claim as written, so the table prints NAUT's stored amount for that round instead. The other 34 records were not read outside NAUT. 3 defects were found and left in rather than tidied away: 9 of the 40 records carry no announce date, so they cannot be placed on any timeline; the trmlabs round carries no amount; and the fund's own roster holds 4 duplicate founder rows, the same 2 people stored twice. NAUT Research wrote it.

Is this crypto VC still active: the 3 signals in 1 table

No single signal answers the question. A recent round with nothing behind it can be 1 cheque from a fund that is winding down; a long history with nothing recent is a logo on an old deal. Read all 3, in this order. The fund column below is Blockchain Capital's NAUT row, read 10 November 2026; the baseline column is the 608 investor rows holding 3 or more rounds.

The 3 together are harder to fake than any 1 of them. Of the 608 rows, 156 carry a round inside the last 180 days, and only 68 of those also hold 10 or more rounds. That 68 is roughly 1 in 9 of the funds with any history at all, and it is the shortlist a founder should be working from.

Signal 1: when did the fund last close a round?

Start with the date, because it is the cheapest check and it eliminates the most names. The crypto VC last round date on Blockchain Capital's NAUT row is 5 November 2026, a $16.5M Series A at Uranium Digital. Its first dated round on the same row is 29 March 2017, so the record spans more than 9 years.

Then read the gap before the recent run, because the shape of a fund's crypto VC activity matters more than its newest date. 6 rounds sit between 9 September and 5 November 2026. The next most recent dated round before that run is 29 April 2025, more than 16 months earlier. A fund that looked dormant in mid-2026 wrote 6 cheques in under 2 months, which is why a single stale date is a weak reason to drop a name.

Company	Round	Amount	Date	Co-investors
Uranium Digital	Series A	$16.5M	5 Nov 2026	1
PhotonPay	Series C	$40M	29 Oct 2026	3
0xPredicate	Series A	$8M	27 Oct 2026	3
NG.CASH	Strategic	$15M	23 Sep 2026	0
Tare	Seed	$13.25M	16 Sep 2026	5
trmlabs	Extended Series C	None stored	9 Sep 2026	0

Every amount, date and co-investor count there is NAUT's stored figure, and the outside check on each of the 6 rounds is listed under Sources. One display note before you click through: NAUT stores the Tare round as $13,250,000 and its project page rounds that to $13.3M, so the page shows $13.3M where this article prints the unrounded $13.25M, which is also the figure in the outside report. Those are the 6 rounds in order, newest first, and $92.75M across the 5 that carry an amount. NAUT marks the fund as lead on 6 of its 40 records, and these are those 6. The report on NG.CASH says the round was "led by Blockchain Capital", and the trmlabs announcement says "The round, led by Blockchain Capital, comes as TRM's ARR has quadrupled". The lead flag is missing on the older 34 records, which reads as thin coverage of old rounds rather than evidence that the fund never led before 2026.

Where the 0 cells matter: NAUT holds no co-investor for the NG.CASH and trmlabs rounds, which means NAUT holds none for them, never that nobody else was in those rounds.

Signal 2: how many rounds does NAUT hold for the fund?

Count the records, including the ones with no date. Blockchain Capital holds 40, spread over 34 distinct companies, so a few names appear more than once as a company came back for a later round. 31 of the 40 carry an announce date and 9 do not, and those 9 are invisible to signal 1 while still counting here.

Against the baseline, 40 records is a deep row. Of the 608 investor rows that hold 3 or more rounds, 458 hold 5 or more, 296 hold 10 or more and 85 hold 40 or more. So the count alone separates a fund with a programme from a fund with a handful of cheques, and it does not say anything about timing: plenty of the 85 deepest rows have been quiet for years.

Cross the 2 signals and the list gets short fast. 156 of the 608 rows carry a round inside 180 days. 103 of those 156 also hold 5 or more rounds, 53 hold fewer than 5, and 68 hold 10 or more. Those 68 rows are the funds that are both deep and recent, and they are where a founder's pitch list should start.

Signal 3: are the co-investors still turning over?

A fund's co-investor list dates it. Across the 40 rounds NAUT holds 211 co-investor records, resolving to 117 distinct co-investors, 109 of them firms and 8 individuals. 46 of the 117 appear on 2 or more of the rounds and 71 appear on exactly 1.

Those 5 are ranked by the number of the fund's 40 rounds each one also appears on, counting dated and undated records together. Polychain Capital tops it at 8, then Coinbase Ventures and Delphi Digital at 7 each, then Maven 11 Capital and CoinFund at 5 each.

Here is the part that answers the question. None of those 5 appears on any of the 6 rounds announced since 9 September 2026. Those 6 rounds carry 12 co-investor records and 12 distinct names, and of the 12, exactly 1 (the firm 1kx) appears on other dated rounds in the fund's record, 3 of them, going back to 2018. A second name appears on 1 undated record. The remaining 10 appear nowhere else in the 40.

Read that 2 ways, and both are useful. The syndicate around this fund has rotated almost completely, so a warm intro routed through a 2021 co-investor is a cold intro now. And the turnover itself is the signal: a fund still writing cheques meets new firms, while a dormant row keeps the same 5 names on top of its list forever.

Is this crypto VC still active against the market? 608 funds compared

Most funds with a history are not writing cheques. NAUT's record shows 343 of the 608 investor rows with 3 or more rounds have gone more than 730 days since their last dated round, which is 56.4% of them, and the median row has gone 817 days.

The thin band in the middle is the useful finding: 13 rows, 2.1%, last closed a round between 3 and 12 months ago. Cumulatively, 155 rows (25.5%) closed something inside 90 days and 168 (27.6%) inside a year, so a fund is almost always either current or long gone, with very little in between. Part of that shape is NAUT's coverage of announce dates rather than the market itself, and the 9 undated records on this 1 fund show how that gap works. Blockchain Capital sits in the top band, on a 5 November 2026 round.

What this tells a founder raising and a BD lead sourcing

Active crypto VC funds are a minority of the funds you can name, so the screen is worth 5 minutes per fund.

• Run the signals in order. The date kills most names, the count kills the tourists, and the co-investor list tells you which intro route is still live.
• Treat a quiet year as a question. This fund's gap ran from 29 April 2025 to 9 September 2026 and then 6 rounds landed in under 2 months.
• Pitch into the current syndicate. 11 of the 12 co-investors on the recent 6 rounds appear on no other dated round here, so the co-investors worth asking for an intro are the new ones.
• Match the stage to the recent rounds, never the old ones. The 6 recent rounds run Seed to Series C, with Tare at $13.25M Seed and PhotonPay at $40M Series C.
• Check the fund's people page before you write, because a roster can hold stale and duplicate rows. This one does, on 4 of them.

Related reading on NAUT: How to research a VC fund: 6 checks, 23 rounds, 27 partners and How to verify a crypto investor: 6 checks, 143 funds pass 4.

Can you pull this data through the NAUT API?

Yes, and all 3 signals come out of 1 call: GET https://api.naut.so/v1/investors/blockchain-capital returns the fund with its team and its portfolio, where every row carries the company, roundType, amountUsd, announceDate and isLead that the tables above are built from. To build the shortlist first, GET https://api.naut.so/v1/investors?q=crypto&sort=recent searches funds and sorts by recency, with page and limit (default 30, max 100) on every list. Each data call costs 5 credits with Authorization: Bearer $NAUT_KEY, the plans are at naut.so/pricing and the endpoints at naut.so/docs/api. Verified Telegram, email and LinkedIn on the people behind these funds unlock on any paid NAUT plan, so start a 7-day trial if you need to reach them.

Is this crypto VC still active FAQ

Is this crypto VC still active, and how do I check it quickly?

Read 3 signals off the fund's NAUT row: the date of its last round, the number of rounds it holds, and whether the co-investors on the recent rounds are new names. On 10 November 2026, Blockchain Capital showed a 5 November 2026 round, 40 round records across 34 companies, and 11 of the 12 co-investors on its 6 rounds since 9 September 2026 appearing on no other dated round in its record.

How recent does a crypto VC's last round have to be?

Inside 90 days is a safe line, because the middle of the distribution is nearly empty. Of the 608 NAUT investor rows holding 3 or more rounds on 10 November 2026, 88 last closed inside 30 days, 67 more inside 90, and only 13 between 91 and 365 days, against 343 that have gone more than 730 days.

How many rounds should an active crypto VC have on record?

10 or more is a useful floor. Of those 608 rows, 458 hold 5 or more rounds and 296 hold 10 or more, and when you add a round inside the last 180 days the list falls to 68 rows. Blockchain Capital holds 40 records across 34 companies.

Does a fund with no round this year mean it stopped investing?

It means NAUT holds no dated round for it this year, which is not the same claim. 9 of Blockchain Capital's 40 records carry no announce date at all, so they sit outside the recency test, and the fund's own gap from 29 April 2025 to 9 September 2026 ended with 6 rounds in under 2 months.

Where can I find active crypto VC funds and their contact channels on NAUT?

On NAUT's investor pages and through its API. Each fund page carries its rounds with dates, amounts and lead flags, and the same data for 1 fund comes back from GET https://api.naut.so/v1/investors/blockchain-capital, the call behind all 40 records in this article. Verified Telegram, email and LinkedIn for the people at those funds unlock on any paid NAUT plan, so start a 7-day trial to reach them.

Sources

• NAUT's own database, read on 10 November 2026, read-only: Blockchain Capital's 40 round-backer records with their round types, amounts, announce dates and lead flags, the 211 co-investor records attached to those rounds, and the 608 live investor rows holding 3 or more rounds that make up the baseline.
• Outside reports on 6 of those 40 rounds, read on 10 November 2026: the Uranium Digital, PhotonPay, NG.CASH and trmlabs rounds came back confirmed with the report wording located, the 0xPredicate round came back confirmed on a second report after the first page could not be fetched, and the Tare round returned $13.25M against the rounded figure in the claim, which is the amount NAUT stores and the amount printed above, while NAUT's own project page displays it rounded to $13.3M.