A target list from VC exits is built backwards from the deals that just paid a fund out: you take the fund's exited portfolio companies, pull the rounds that funded them, and pitch the other investors who were in those rounds. NAUT tracks 3 M&A-typed exit records under Coinbase Ventures, announced 15 July to 15 October 2026, and 30 other investor rows sitting on the 3 funding rounds at those companies that Coinbase Ventures itself backed, read on 10 November 2026.
Those 30 rows are the shortlist in this article, with 2 of them on 2 of the 3 rounds and 28 on 1. A crypto BD target list built this way needs no scraping and no guesswork: it is 2 fields on records NAUT already holds. The 4 steps below are the ones a BD lead can repeat on any fund with an exit on its record.
What is a target list from VC exits, and why does an exit signal fresh capital?
VC portfolio exits sit in the same investment table as the funding rounds on NAUT, which is why 1 read returns both. An exit is the moment a fund's position turns into something it can distribute or recycle. The fund itself is 1 account. The useful part is the syndicate around it: every other firm that wrote a cheque into the same company is sitting on the same event, and most of them are far less covered by everybody else's outbound.
For a BD lead selling data, infrastructure or services, that syndicate is a warm-ish list with a real reason to open: a deal they were in just closed. For a founder raising, it is a list of funds with a recent, named connection to a team like yours, which is a better opener than a cold deck.
Coinbase Ventures is the worked example here because it carries the most exits of any fund on NAUT's record. Its Coinbase Ventures portfolio runs to 186 round-backer records across 155 distinct companies on the 10 November 2026 read, and 3 of those companies carry an M&A-typed record.
Step 1: find the fund's exit records on NAUT
Open the fund's NAUT page and read its records for the round type M&A. For Coinbase Ventures there are 3, all announced in 2026. Announced and Acquirer below are the date and the buyer stored on the row itself, and no amount column is shown because no row stores one:
| Company | Announced | Acquirer |
|---|---|---|
 bloXroute |
15 Jul 2026 | None stored |
 Nomina |
16 Sep 2026 | None stored |
 Farcaster |
15 Oct 2026 |  Network School |
Ranked by announce date, newest last. None of the 3 records stores a deal size, so this article states no exit values. Only the Farcaster record stores a buyer and a deal line: NAUT's row reads that Network School acquired Farcaster from Neynar with terms not disclosed, and a Dealroom report of the same date says the parties "announced the deal on October 15, 2026; terms were not disclosed".
The blank acquirer fields on the other 2 are a defect, not an absence of news. The outside check on those rows came back different from the stored data: a 16 September 2026 release names IRF as the buyer of Nomina and its SolverNet protocol, and a 15 July 2026 release names FalconX as the buyer of bloXroute. Neither buyer is written into NAUT's M&A rows yet, and both are flagged for a fix.
Step 2: pull the rounds at the exited companies
The exit record tells you who left. The funding rounds tell you who else was in. NAUT holds 11 investment records across the 3 exited companies: the 3 M&A rows above and 8 funding rounds. Coinbase Ventures holds a backer row on 3 of those 8. Below, Date is the stored announce date and None means none is stored, Backers counts the backer rows besides Coinbase Ventures, and CBV says whether Coinbase Ventures itself holds a row on that round.
| Round | Company | Date | Backers | CBV |
|---|---|---|---|---|
| Seed Round | bloXroute |
22 Mar 2018 | 1 | No |
| Series A | bloXroute |
9 May 2019 | 5 | Yes |
| Series B | bloXroute |
12 Apr 2022 | 4 | No |
| Funding Round | Nomina | 26 Apr 2023 | 5 | Yes |
| Seed Funding Round | Nomina | None | 5 | No |
| IEO Round Binance | Nomina | None | 0 | No |
| Series A Round | Farcaster |
None | 6 | No |
| Seed Round | Farcaster |
None | 22 | Yes |
That is 48 backer rows besides Coinbase Ventures, resolving to 38 live investor rows. Split them by whether the fund you are working from was in the same round: 30 firms hold a row on 1 of the 3 rounds Coinbase Ventures backed, and 8 firms appear only in the other rounds at the same companies. The 30 are the list. The 8 are a second tier, because their money went in at a different point in the company's life.
The 8 in the second tier are GSR, Lightspeed Venture Partners and ParaFi Capital on bloXroute's Series B, Haun Ventures, Union Square Ventures (USV), Paradigm and Variant on Farcaster's Series A, and 1 more: Dragonfly, whose row is held back as a defect because NAUT stores it with a project type while its own summary describes a fund.
Step 3: which funds does this target list from VC exits put at the top?
Rank the 30 by how many of the fund's own rounds they share, then alphabetically. 2 firms share 2 rounds and 28 share 1, so the first 2 rows below are the 2 at 2 shared rounds and every row under them holds 1. This is the co-investor list a BD lead actually works, 29 rows of it named below: 1 of the 30 is left out of the table because its NAUT name spells a number as a word, and it holds its backer row on the Nomina funding round. Company is the exited company whose round the fund shared, and X handle is the handle on the fund's NAUT page.
1confirmation
Pantera Capital
6529
A.Capital Ventures
a16z Frontier
Ansa
Archetype
Balaji Srinivasan
Canonical Crypto
Chapter One
Elad Gil
Fenbushi Capital
First Round Capital
Floodgate
Hashed
Haystack
Jump Crypto
LedgerPrime
Maven 11 Capital
Mischief
Multicoin Capital
Offline Ventures
Proof Group
Ribbit Capital
Scalar Capital
Standard Crypto
The Spartan Group
Volt CapitalAnyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.
Read the shape, not just the names. Farcaster's seed round carries 22 of the 30, so a list built this way inherits the breadth of 1 round: a single large seed can hand you 20 accounts, and a tight Series A hands you 4. Of the 30 rows, 2 are individual investors rather than firms (Balaji Srinivasan, Elad Gil), so route those 2 to a person-to-person approach and keep the other 28 on a firm track. 6529 reads like a person but is not one: NAUT stores that row as an organization, the fund punk6529 founded, so it belongs on the firm track.
NAUT stores no lead flag on any of the 3 rounds, so this article names no lead for them. Treat the 2 funds at 2 rounds as the warmest entries: they turn up twice in the same fund's history, which is a stronger pattern than a single cheque.
Step 4: write the opener and find the person to send it to
The opener writes itself from the row: 1 named deal, 1 named date, 1 named company. The work left is finding the human.
- Open the fund's NAUT page from the table. Each page lists the firm's team records and which channels NAUT has on file for them.
- Ask for the partner who sat on the exited company, by naming the round and the company from the table above, rather than a generic address.
- For the 2 funds at 2 shared rounds, lead with the pattern: 1confirmation sits on bloXroute's seed and Series A plus Farcaster's seed, and Pantera Capital sits on 2 Nomina rounds plus bloXroute's Series A.
- Park the 2 individual investors and the 8 second-tier firms in a later wave, so your first wave is 28 firms deep.
- Start from the exit3 M&A records under Coinbase Ventures, announced 15 July to 15 October 2026.
- Pull the rounds8 funding rounds at the 3 companies, 3 of them backed by the fund itself.
- Rank the co-backers30 investor rows, 2 on 2 shared rounds and 28 on 1.
- Find the personOpen each fund's NAUT page for its team records and the channels on file.
That is how to build a target list from VC exits with nothing but a fund page, its exit records and the rounds under them. For a founder raising, run the same 4 steps on the fund you want and use the output as a reference list: the 30 firms here have all sat in a round beside Coinbase Ventures, so a term they accepted once is a term worth citing.
How was this target list from VC exits built, and what is left out?
Every count comes from NAUT's own records, read on 10 November 2026, and every figure here was recomputed from the round and backer rows rather than from a stored summary counter. The portfolio figures above are counts of round-backer records and distinct companies, which is why they can differ from the portfolio number a fund page displays on another date.
- Scope: investment records typed
M&Aunder Coinbase Ventures, then every investment record at those 3 companies and every backer row on those records. - Left out: exit values, because none of the 3 M&A rows stores an amount. Round sizes too, since this list is built on who was in a round rather than how big it was.
- 5 claims were put to outside sources, covering the 3 exits and 2 of the 30 funds. 1 came back confirmed with the wording located on the page (the Farcaster deal and its date). 4 came back different: 2 named buyers NAUT's rows leave blank, and 2 corrected a draft that credited Pantera Capital and 1confirmation with 3 exited companies each, where the round rows show 2 apiece. The other 28 funds were never read outside NAUT.
- cryptorank.io is the stored source on all 3 M&A rows and returned HTTP 403 to every fetch, including with a browser user agent, so the buyers' own releases were read instead.
- Not stored: a lead flag on any of the 3 shared rounds, an announce date on 4 of the 8 funding rounds, and any buyer or amount on the Nomina and bloXroute exits.
Related reading on NAUT: Coinbase Ventures portfolio: 152 companies tracked on NAUT and Target account list: 4 steps, 417 companies to 12 accounts.
Can you pull this data through the NAUT API?
Yes. GET https://api.naut.so/v1/investors/coinbase-ventures with Authorization: Bearer $NAUT_KEY returns the fund with its team and its portfolio rows, each row carrying the company, roundType, amountUsd, announceDate and isLead fields this article reads, so the M&A rows and the rounds at the exited companies come back in 1 call; swap the slug for 1confirmation or pantera-capital to do the same from the other side. Data calls cost 5 credits each on any plan from Essential at $49 a month, documented at naut.so/docs/api and naut.so/pricing. Verified Telegram, email and LinkedIn for the people at these funds unlock on any paid NAUT plan, so start a 7-day trial if you need the channels as well as the names.
Target list from VC exits FAQ
What is a target list from VC exits?
It is a BD list built from the other investors in a fund's exited portfolio companies. On NAUT's 10 November 2026 records, Coinbase Ventures has 3 M&A-typed exits (bloXroute on 15 July 2026, Nomina on 16 September 2026, Farcaster on 15 October 2026) and 30 other investor rows sit on the 3 funding rounds at those companies that Coinbase Ventures also backed.
Which funds share the most rounds with Coinbase Ventures at its exited companies?
1confirmation and Pantera Capital, each on 2 of the 3 rounds. 1confirmation holds backer rows on bloXroute's 2018 seed and 2019 Series A plus Farcaster's seed round, and Pantera Capital holds rows on 2 Nomina rounds plus bloXroute's Series A.
Where can I find these 30 funds and their contact channels?
On NAUT. Each fund in the table above links to its own NAUT page with its team records and the channels NAUT has on file, and GET https://api.naut.so/v1/investors/<slug> returns the same fund, team and portfolio rows for 5 credits. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to reach the 30 directly.
Does NAUT store the buyer of each exit?
Only for 1 of these 3. The Farcaster record names Network School (prev. The Network State) as the acquirer; the Nomina and bloXroute records store no buyer and no amount, and both are flagged as defects to fix.
How often should this list be rebuilt?
Each time the fund books another exit. NAUT's 3 Coinbase Ventures exit records all landed inside 3 months, 15 July to 15 October 2026, so a quarterly rerun on an active fund is enough to catch the next one.
Sources
- NAUT database, read 10 November 2026: investment records, round-backer rows and company rows for Coinbase Ventures, bloXroute, Nomina (prev. Omni Network) and Farcaster.
- Dealroom, 15 October 2026: Network School buys Farcaster, with The Block as the second report.
- GlobeNewswire, 16 September 2026: IRF acquires Nomina and its SolverNet intent execution protocol.
- PR Newswire, 15 July 2026: FalconX acquires bloXroute.