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Solana investors: 13 funds backed 18 rounds worth $177.85M

By NAUT Research · · 7 min read

$177.85M Solana investors across 18 rounds joined by the 13 funds that backed 2 or more Solana-tagged teams. Logos: MH Ventures, ParaFi Capital, Borderless Capital, GSR, RockawayX, Amber Group, Crypto.com Capital, Moonrock Capital, Animoca Brands, Bitscale Capital, Zee Prime Capital, 6th Man Ventures, Solana Ventures.

NAUT tracks 13 Solana investors that backed 2 or more different Solana-tagged companies between 8 January 2025 and 20 October 2026, out of 69 funds that joined at least 1 of those rounds. Those 13 funds appear across 18 distinct rounds worth $177.85M on NAUT's record, and 4 of them backed 3 companies each: MH Ventures, Borderless Capital, GSR and Amber Group.

How this list was built, with NAUT's data read on 2 November 2026: NAUT holds 155 funding rounds announced since 1 January 2025 into 77 live, publishable companies that carry the Solana chain tag, and 69 distinct funds appear as a backer on at least 1 of them. 13 of those 69 backed 2 or more different companies, and this article lists all 13 with every round NAUT records for them in that window. "Solana-tagged" is NAUT's own chain tag, so 12 of the 16 companies below also run on other chains: the tag means the team ships on Solana, never that Solana is its only chain. Round sizes are the full round, never a fund's own check, because NAUT records the round amount rather than per-investor allocations. 2 rows need a note. GSR, the trading and market-making firm that invests, sits on NAUT under the legacy slug architech-acq-by-gsr, left from a company renamed after an acquisition, and it is a different firm from GSR Ventures. Animoca Brands and GSR are both held as project rows rather than investor rows on NAUT, so their links point at /projects/. Written by NAUT Research.

Which Solana investors backed 2 or more teams since 2025?

13 funds did. Every one of them joined exactly 1 round per company, so the rounds each fund joined match its team count. The table ranks them by the number of different Solana-tagged companies they backed, then by the combined size of the rounds they joined. Total is that combined size, and Biggest is the fund's largest single round.

Fund Teams Total Biggest
3 $60.0M , $28.0M
3 $41.0M , $28.0M
3 $39.15M , $28.0M
3 $23.3M , $13.3M
2 $43.0M , $35.0M
2 $33.0M , $28.0M
2 $20.0M , $13.0M
2 $15.0M , $10.0M
2 $13.9M , $7.0M
2 $9.5M , $7.0M
2 $8.9M , $6.9M
2 $7.0M , $5.0M
2 $3.5M , $2.5M

Solana Ventures is the smallest of the 13 by round size and the one with a lead flag on NAUT's record. Caplight's profile, read by NAUT's research pass, describes it as "the corporate venture capital arm of Solana Labs", and a Dealroom profile updated in May 2026 lists Brooklyn, New York as its base.

Who did each fund back, and when?

These are the 18 rounds the 13 funds appear in, largest first. Each Round cell carries the round type and the date NAUT records, and Backers names the funds from this list that NAUT records in each round, so a round can carry other backers NAUT lists on the company's own page.

Company Round Amount Backers
Strategic Round, 2 Feb 2026 $35.0M
Token Round, 6 Mar 2025 $28.0M , , ,
Funding Round, 22 Jan 2025 $22.0M
Seed Round, 12 Mar 2026 $13.3M
Series B, 15 Jan 2025 $13.0M
Funding Round, 13 Jan 2026 $10.0M , ,
Strategic Round, 25 Feb 2025 $8.0M
Strategic Round, 21 Nov 2025 $7.0M , ,
Seed Round, 7 Feb 2025 $7.0M
Seed Round, 17 Sep 2025 $6.9M ,
Strategic Round, 11 Jun 2025 $5.0M
Strategic Round, 24 Mar 2025 $5.0M ,
Private Round, 8 Oct 2025 $5.0M ,
Seed Round, 8 Jan 2025 $4.15M
Strategic Round, 13 Feb 2026 $3.0M
Funding Round, 9 Jan 2025 $2.5M ,
Funding Round, 16 Jul 2025 $2.0M ,
Strategic, 20 Oct 2026 $1.0M

Every one of the 18 rounds carries an amount on NAUT, and 16 different companies share them: Fragmetric and SOON Network each appear twice.

Read the lead column as NAUT's record and nothing wider. NAUT marks 1 of these 18 rounds as led, the $1M hylo_so round of 20 October 2026, which Crypto Briefing reported under the headline "Hylo raises $1M in strategic round led by Solana Ventures". Outside coverage names leads for rounds where NAUT's own record carries none. TronWeekly's report on the $7M Fragmetric seed of 7 February 2025, headlined "Solana-based restaking protocol Fragmetric raises $7M in seed round", puts Hashed and Finality Capital Partners as the leads with Bitscale Capital participating, and FinSMEs reported the $7M RateX_Dex round of 21 November 2025 as led by Animoca Ventures alongside GSR and Crypto.com Capital. So check the round's own coverage before you treat a backer as the lead.

How much did the rounds these Solana VC funds joined raise?

Combined size of the Solana rounds each fund joined, $M
  1. MH Ventures$60M
  2. ParaFi Capital$43M
  3. Borderless Capital$41M
  4. GSR$39.15M
  5. RockawayX$33M
  6. Amber Group$23.3M
  7. Crypto.com Capital$20M
  8. Moonrock Capital$15M
  9. Animoca Brands$13.9M
  10. Bitscale Capital$9.5M
  11. Zee Prime Capital$8.9M
  12. 6th Man Ventures$7M
  13. Solana Ventures$3.5M

The bars add up the full size of every round a fund joined, so they show the company stage each fund turns up at rather than the money it wrote. MH Ventures tops it at $60.0M across 3 rounds because it sits in both the $28.0M DoubleZero token round and the $22.0M SOON Network round of 22 January 2025, while Solana Ventures sits in the 2 smallest at $2.5M and $1.0M.

What this tells a BD team

  • 4 funds are the warm path into 3 Solana-tagged companies each: MH Ventures, Borderless Capital, GSR and Amber Group. A single intro from one of them reaches 3 portfolio teams.
  • The $28.0M DoubleZero token round of 6 March 2025 is the densest single room in this set: 4 of the 13 funds appear in it.
  • 5 of the 18 rounds closed in 2026, the most recent on 20 October 2026, so 5 of these teams have money in hand that is less than 12 months old.
  • Infrastructure and DeFi carry the list. DoubleZero, SOON Network, GEODNET and Starpower sit under NAUT's Infrastructure tag, and Jupiter, Fragmetric, Unitas and hylo_so under DeFi.
How a BD team can work these Solana investors
  1. Pick the hubsOpen MH Ventures, Borderless Capital, GSR and Amber Group, the 4 funds with 3 Solana-tagged companies each.
  2. Take the dense round4 of the 13 funds sit in the $28.0M DoubleZero round of 6 March 2025, so 1 reference there travels far.
  3. Work the fresh moneyStart with the 5 rounds announced in 2026, from Jupiter at $35.0M to hylo_so at $1.0M.
  4. Find the personEach fund and company page on NAUT lists the team it holds, with the channels NAUT has on file.

What this tells a founder raising on Solana

  • Repeat backers are thin on the ground. 13 of the 69 funds on these 155 Solana-tagged rounds show up at 2 or more companies, so a fund that has already done 2 Solana deals is a signal worth ranking your list by.
  • Nobody in this set went past 3 companies in that window, so treat all 13 as live and none as saturated.
  • Match the stage to the fund. Bitscale Capital, Zee Prime Capital and 6th Man Ventures show up in rounds of $2.0M to $7.0M, while ParaFi Capital and MH Ventures sit in rounds of $8.0M to $35.0M.
  • A strategic round is the most common shape here: 7 of the 18 rounds are typed Strategic on NAUT, against 4 seed rounds.
How a founder can rank these Solana VC funds
  1. Rank by repeats13 funds backed 2 or more of the 77 Solana-tagged companies, and 4 of them backed 3.
  2. Match your round sizeUnder $7.0M, start with Bitscale Capital, Zee Prime Capital and 6th Man Ventures.
  3. Above $8.0MParaFi Capital joined the $35.0M Jupiter round and the $8.0M GEODNET round.
  4. Read the portfolio firstEach fund's NAUT page lists the rounds it joined, with the amount, the type and the date.

How to reach these Solana investors

Every fund in the table links to its NAUT page, which carries the firm's portfolio rounds and the people NAUT holds at it, with a marker on each person for the channels on file. The 4 funds with 3 companies each are the shortest list to start from: MH Ventures, Borderless Capital, GSR and Amber Group. 2 of the 13 rows need care when you search. GSR is held under the legacy slug architech-acq-by-gsr and is a different firm from GSR Ventures, and Animoca Brands and GSR both sit under /projects/ rather than /investors/ on NAUT.

Related reading on NAUT: Most active crypto VCs: 44 funds ranked, the leader led none and How to find the lead investor: 3 ways, tested on 20 rounds.

Can you pull this data through the NAUT API?

Yes. One call per fund returns the same rows as the tables above: GET https://api.naut.so/v1/investors/mh-ventures with an Authorization: Bearer $NAUT_KEY header returns that fund with its team and its portfolio, each row carrying the company, roundType, amountUsd, announceDate and isLead, so 13 calls cover all 13 funds at 5 credits each. Swap in GET https://api.naut.so/v1/projects/doublezero for a single company and its team, and see the API docs and pricing for keys and credits. The verified Telegram, email and LinkedIn of the people at these funds unlock on any paid NAUT plan, so start a 7-day trial if you need the channel and not the name.

Solana investors FAQ

Which VCs invest in Solana projects?

On NAUT's data read on 2 November 2026, 69 funds back at least 1 of the 155 rounds announced since 1 January 2025 into companies tagged with the Solana chain, and 13 of them backed 2 or more different companies: MH Ventures, Borderless Capital, GSR, Amber Group, ParaFi Capital, RockawayX, Crypto.com Capital, Moonrock Capital, Animoca Brands, Bitscale Capital, Zee Prime Capital, 6th Man Ventures and Solana Ventures.

Which fund backed the most Solana teams since 2025?

4 funds tie at 3 different Solana-tagged companies each between 8 January 2025 and 20 October 2026: MH Ventures, Borderless Capital, GSR and Amber Group. By the combined size of the rounds they joined, MH Ventures is first at $60.0M across 3 rounds.

How big were the Solana funding rounds these funds joined?

The 18 rounds total $177.85M on NAUT's record and every one carries an amount, running from the $35.0M Jupiter strategic round announced 2 February 2026 down to the $1.0M hylo_so strategic round announced 20 October 2026. Yahoo Finance reported the Jupiter round on 2 February 2026 as a $35M investment from ParaFi Capital settling in JupUSD.

Where can I find these Solana ecosystem investors and their contact channels?

On NAUT: each of the 13 funds has a page with its portfolio rounds and the people NAUT holds at it, and GET https://api.naut.so/v1/investors/mh-ventures returns the same data for a fund at 5 credits a call. The verified Telegram, email and LinkedIn of those people unlock on any paid NAUT plan, so start a 7-day trial to reach them.

Did any of these funds lead a Solana round?

NAUT's record marks 1 of the 18 rounds as led: Solana Ventures on the $1M hylo_so round of 20 October 2026, which Crypto Briefing reported as "Hylo raises $1M in strategic round led by Solana Ventures". Lead data is sparse on NAUT for the other 17 rounds, and outside reports do name leads for some of them, so check the round's own coverage.

Sources

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