# Cypher Capital

> Cypher Capital is a VC fund in Santa Monica backing Blockchain and Cryptocurrency. See 36 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Santa Monica, United States
- Total investments: 36
- Last investment: Jul 2025
- Lead investor: 19%
- Fund size: $10M
- Last fund: Dec 2017
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/cypher-capital-llc/about/
- X (Twitter): https://twitter.com/cyphercapital?lang=en
- Website: https://www.cyphercapital.net/

Cypher Capital is a early stage VC and consultant firm

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $900k–$10M |
| Venture - Series Unknown | $2M–$10M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 14 | 39% |
| Cryptocurrency | 9 | 25% |
| Internet | 8 | 22% |
| Software | 8 | 22% |
| Information Technology | 8 | 22% |

50 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 19 | 53% |
| Funding Round | 5 | 14% |
| Venture - Series Unknown | 5 | 14% |
| Initial Coin Offering | 3 | 8% |
| Pre-Seed | 2 | 6% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 8 | 22% |
| Singapore | 4 | 11% |
| India | 3 | 8% |
| Spain | 2 | 6% |
| Germany | 2 | 6% |

11 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ullu | Ullu is a subscription based video-on-demand (SVOD) service. Immerse yourself into original and heart-wrenching dramas with genres ranging from thrillers, mystery, crime and drama with emphasis on high-quality Hindi and Regional Languages |  | Venture - Series Unknown | Jul 22, 2025 |  |
| Kernel | Kernel is leading the way in restaking on the BNB Chain, which is intended to speed up innovation and ecosystem expansion while offering decentralized shared security. | $10M | Venture - Series Unknown | Nov 25, 2024 |  |
| ZAP | ZAP offers a reputation-based token distribution protocol that supports fair rewards for user contributions within the Blast ecosystem. It enables users to participate in various projects through missions and seamless investment options. Additionally, ZAP is expanding its services to other blockchains and developing tools to simplify access toventure-capital-backed projects. | $2.1M | Venture - Series Unknown | Jun 01, 2024 |  |
| Kelp DAO | Kelp DAO is intended to provide liquidity to illiquid assets put on restaking platforms such as EigenLayer. | $9M | Initial Coin Offering | May 22, 2024 |  |
| Humanity Protocol | Humanity Protocol developing Proof of Humanity as a novel feature of Humanity Protocol to provide developers with unique-human authentication mechanisms, and users complete ownership over data and identity. |  |  | Feb 28, 2024 |  |
| Humanity Protocol | Humanity Protocol developing Proof of Humanity as a novel feature of Humanity Protocol to provide developers with unique-human authentication mechanisms, and users complete ownership over data and identity. | $1.5M | Pre-Seed | Feb 28, 2024 |  |
| Beoble | beoble is a social module with API and SDK for Web 3.0. It is an on-chain communication window and a user-owned Web 3.0 product. With beoble, Web 3.0 services can easily integrate social functionalities of social profile, messaging, and posting & feeds into their services in 5 minutes. beoble’s core features include 1) modularized socialprofile, 2) modularized wallet-to-wallet messaging, and 3) modularized posting & feeds. Users to connect their wallets to create their Web 3.0 social profile and customize it with NFT’s or ENS. Users can also send messages to other users using either the social profile or wallet address. The messaging module supports group chats such as NFT collection holders’ private group or public chat group for a Web 3.0 service. Messaging is not the only channel to communicate, as users can post articles and write comments which is visible from modularized feeds. | $7M | Seed | Feb 19, 2024 |  |
| Veera | Veera is India's first mobile-focused browser that aims to bring users a faster and safer browsing experience. | $6M | Seed | Feb 15, 2024 |  |
| Kasu | Kasu is a distributed platform that connects DeFi Liquidity Providers with Real World Yield Providers. | $3M | Seed | Jan 10, 2024 |  |
| Hivello | Hivello engages in DePIN (Decentralised Physical Infrastructure Networks) protocols for Web3 applications without any specialized technical knowledge. | $2.5M | Pre-Seed | Dec 14, 2023 |  |

10 of 36 investments shown.

## Co-investors
- [HashKey Capital](https://shizune.co/investors/profile/hashkey-capital-9c60) — VC Fund, 4 deals together
- [Digital Asset Capital Management](https://shizune.co/investors/profile/digital-asset-capital-management) — VC Fund, 3 deals together
- [DWF Labs](https://shizune.co/investors/profile/dwf-labs) — VC Fund, 3 deals together
- [Fabric Ventures](https://shizune.co/investors/profile/fabric-ventures) — VC Fund, 3 deals together
- [GSR](https://shizune.co/investors/profile/gsr) — VC Fund, 3 deals together
- [Hashed](https://shizune.co/investors/profile/hashed-f96b) — VC Fund, 3 deals together

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## FAQ

### What does Cypher Capital invest in?

Cypher Capital invests primarily in Blockchain, Cryptocurrency and Internet startups, most often at Seed and Funding Round stage. Most of the 36 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Cypher Capital's check size?

Cypher Capital typically joins rounds of $900k–$10M at Seed and $2M–$10M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Cypher Capital participates in.

### When did Cypher Capital last invest?

The most recent investment recorded for Cypher Capital closed in Jul 2025. Shizune tracks 36 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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