# Sergey Gorbunov

> Sergey Gorbunov is a seed investor at University of Waterloo backing Software and Analytics. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [University of Waterloo](https://shizune.co/investors/profile/university-of-waterloo)
- Total investments: 5
- Last investment: Mar 2026
- Lead investor: 40%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/sergegorbunov
- Website: https://x.com/sergey_nog

Sergey Gorbunov is a serial founder and a technologist with deep roots in distributed systems and cryptography. He co-founded StealthMine, was on the founding team of Algorand, and co-founded Axelar network. He received PhD from MIT and a professor of Computer Science at the University of Waterloo.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.5M–$23M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 1 | 20% |
| Analytics | 1 | 20% |
| Education | 1 | 20% |
| Universities | 1 | 20% |
| Infrastructure | 1 | 20% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 60% |
| Angel | 1 | 20% |
| Grant | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 2 | 40% |
| Canada | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Interstate | Interstate is an Ethereum pre-confirmation protocol. It aims to make Ethereum transactions near-instant and allow applications to self-order while maintaining full composability with L1. | $1.5M | Seed | Mar 05, 2026 |  |
| P-1 AI | P-1 AI is a technology company focused on developing an artificial general engineering intelligence (AGEI) designed to help humanity design physical systems with far greater efficiency and complexity than currently possible. | $23M | Seed | Apr 28, 2025 |  |
| University of Waterloo | University of Waterloo is a public research university that operates colleges which offer undergraduate and graduate programs. It was founded in 1957 and is based in Waterloo, Ontario. | $978.5K | Grant | Feb 06, 2025 |  |
| pod network | Pod network is a new L1 primitive that is blockless, leaderless and relaxes the notion of transaction total ordering. It is incubated by Common Prefix. | $10M | Seed | Jan 28, 2025 |  |
| Interstate | Interstate is an Ethereum pre-confirmation protocol. It aims to make Ethereum transactions near-instant and allow applications to self-order while maintaining full composability with L1. |  | Angel | Jan 16, 2025 |  |

5 of 5 investments shown.

## Co-investors
- [1kx](https://shizune.co/investors/profile/1kx) — VC Fund, 1 deal together
- [a16z crypto](https://shizune.co/investors/profile/a16z-crypto) — VC Fund, 1 deal together
- [Alchemy](https://shizune.co/investors/profile/alchemy-insights) — VC Fund, 1 deal together
- [Alpen Capital](https://shizune.co/investors/profile/alpen-capital-2d69) — VC Fund, 1 deal together
- [Bloccelerate VC](https://shizune.co/investors/profile/bloccelerate) — VC Fund, 1 deal together
- [Blockchain Builders Fund](https://shizune.co/investors/profile/blockchain-builders-fund) — VC Fund, 1 deal together

## About University of Waterloo

VC Fund · Waterloo, Canada

University of Waterloo is a public research university that operates colleges which offer undergraduate and graduate programs. It was founded in 1957 and is based in Waterloo, Ontario.

5 contacts available at University of Waterloo.

| Name | Title | Profile |
| --- | --- | --- |
| Fakhri Karray | University Research Chair Professor in the field of Intelligent Systems | https://shizune.co/investors/profile/dr-fakhri-karray |
| Sebastian Fischmeister | Associate Professor | https://shizune.co/investors/profile/sebastian-fischmeister |
| Blair Feltmate | Associate Professor | https://shizune.co/investors/profile/blair-feltmate |
| Ihab Ilyas | Professor | https://shizune.co/investors/profile/ihab-ilyas |
| Jean-Christophe Petkovich | PhD Student | https://shizune.co/investors/profile/jean-christophe-petkovich |

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## FAQ

### What does Sergey Gorbunov invest in?

Sergey Gorbunov invests primarily in Software, Analytics and Education startups, most often at Seed and Angel stage. Most of the 5 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 Sergey Gorbunov's check size?

Sergey Gorbunov typically joins rounds of $1.5M–$23M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Sergey Gorbunov participates in.

### When did Sergey Gorbunov last invest?

The most recent investment recorded for Sergey Gorbunov closed in Mar 2026. Shizune tracks 5 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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