# Fernando Martinelli

> Fernando Martinelli is a seed investor at Balancer Labs backing Blockchain and Financial Services. See 19 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Balancer Labs](https://shizune.co/investors/profile/balancer-labs)
- Total investments: 19
- Last investment: Oct 2024
- Lead investor: 5%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/fernandomartinelli/

Fernando Martinelli is a seed investor at Balancer Labs focused on Blockchain and Financial Services. Fernando Martinelli is the Co-Founder and CEO at Balancer Labs. He was the Co-Founder of Brasil Mate before that.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.8M–$7M |
| Pre-Seed | $550k–$1.9M |
| Series A | $8.2M–$32M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 8 | 42% |
| Financial Services | 6 | 32% |
| FinTech | 5 | 26% |
| Cryptocurrency | 4 | 21% |
| Information Technology | 4 | 21% |

25 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 10 | 53% |
| Pre-Seed | 3 | 16% |
| Series A | 3 | 16% |
| Angel | 1 | 5% |
| Initial Coin Offering | 1 | 5% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 5 | 26% |
| France | 2 | 11% |
| Australia | 2 | 11% |
| Brazil | 1 | 5% |
| South Korea | 1 | 5% |

7 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| CAP Labs | CAP Labs is a stablecoin developer platform that produces various denominations of redeemable stablecoins. | $1.9M | Pre-Seed | Oct 28, 2024 |  |
| kpk | kpk operates in the financial services sector, focusing on decentralized organizations. The company offers state-of-the-art risk management and trust-minimized DeFi treasury execution services. Their goal is to help these organizations preserve capital. They also engage in professional DAO treasury development and manage funds to fuel developmentregardless of overall economic conditions. Karpatkey is also involved in enhancing liquidity incentive strategies and has a non-custodial AUM. | $7M | Seed | Oct 22, 2024 |  |
| Fantom Foundation | FANTOM is the world's first DAG based smart contract platform. | $10M | Venture - Series Unknown | May 23, 2024 |  |
| Zaros Finance | Zaros is a protocol that provides efficient liquidity, boosts staking rewards from LSTs, and aims to become the preferred liquidity hub for on-chain derivatives. | $1.8M | Seed | May 22, 2024 |  |
| Usual | Usual Labs operates as a decentralized finance(DeFi) protocol. | $2.5M | Angel | May 15, 2024 |  |
| Zaros Finance | Zaros is a protocol that provides efficient liquidity, boosts staking rewards from LSTs, and aims to become the preferred liquidity hub for on-chain derivatives. | $550K | Pre-Seed | May 18, 2023 |  |
| Gyroscope | Gyroscope develops an asset-backed stablecoin built on resilient Defi infrastructure. It leverages a diversified reserve and autonomous monetary policy. | $4.5M | Seed | Mar 09, 2023 |  |
| Morpho Labs | Morpho is an on-chain peer-to-peer layer on top of lending pools. Rates are seamlessly improved for borrowers and lenders while preserving the same guarantees. Morpho combines the efficiency of P2P with the liquidity of lending pools. Users enjoy an improved APY while maintaining the pool’s flexibility | $18M | Seed | Jul 12, 2022 |  |
| Ribon | We empower Nonprofit Healthcare Systems to achieve 60% to 100% employee participation in their giving programs through our proprietary Reverse Matching Gift technology. Recognized by the Gates Foundation as one of the top 10 most innovative donation technologies worldwide, our solution transforms workplace philanthropy, making employee giving moreengaging, impactful, and scalable. | $3.5M | Seed | Apr 27, 2022 |  |
| nftychat | NFTY Chat is a hassle-free way to chat, discuss, and connect with Web3 friends without a username or password. | $1M | Pre-Seed | Mar 29, 2022 |  |

10 of 19 investments shown.

## Co-investors
- [Placeholder](https://shizune.co/investors/profile/placeholder-55ca) — VC Fund, 5 deals together
- [Sound Ventures](https://shizune.co/investors/profile/sound-ventures) — VC Fund, 4 deals together
- [Coinbase Ventures](https://shizune.co/investors/profile/coinbase-ventures) — VC Fund, 3 deals together
- [Maven 11 Capital](https://shizune.co/investors/profile/maven-11-capital) — VC Fund, 3 deals together
- [Nascent](https://shizune.co/investors/profile/nascent-91c1) — VC Fund, 3 deals together
- [Robot Ventures](https://shizune.co/investors/profile/robot-ventures) — VC Fund, 3 deals together

## About Balancer Labs

VC Fund · Lisbon, Portugal

Balancer Labs is a non-custodial portfolio manager, liquidity provider, and price sensor.

3 contacts available at Balancer Labs.

| Name | Title | Profile |
| --- | --- | --- |
| Fernando Martinelli | Co-Founder and CEO | https://shizune.co/investors/profile/fernando-martinelli |
| Gareth Fuller | App Engineer | https://shizune.co/investors/profile/gareth-fuller |
| Kristen Stone | Chief Operating Officer | https://shizune.co/investors/profile/kristen-stone |

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## FAQ

### What does Fernando Martinelli invest in?

Fernando Martinelli invests primarily in Blockchain, Financial Services and FinTech startups, most often at Seed and Pre-Seed stage. Most of the 19 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 Fernando Martinelli's check size?

Fernando Martinelli typically joins rounds of $1.8M–$7M at Seed, $550k–$1.9M at Pre-Seed and $8.2M–$32M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Fernando Martinelli participates in.

### When did Fernando Martinelli last invest?

The most recent investment recorded for Fernando Martinelli closed in Oct 2024. Shizune tracks 19 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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