what's Wintermute Ventures?
Wintermute Ventures is the investment division of Wintermute, a prominent algorithmic market maker in digital assets. It provides venture capital funding primarily at Series A and B+ stages, alongside market-making services, liquidity optimization, and price stabilization for blockchain, DeFi, and digital asset startups. The firm focuses on high-conviction investments in core protocols and enterprise infrastructure supporting the crypto ecosystem. Active since around 2020, Wintermute Ventures maintains a selective process, as evidenced by reviewing approximately 600 opportunities in 2025 and funding only 23 deals with a 4% acceptance rate. It operates independently from Wintermute's core trading activities, emphasizing rigorous due diligence and long-term support for builders in the space.
Wintermute Ventures joined Ripple in Crossover Markets' $31M round for institutional crypto trading.
Links
x.com/wmt_venturesParticipated in Crossover Markets' $31 million funding round alongside Ripple to expand institutional crypto trading.
Completed 23 investment deals in 2025.
Wintermute Ventures participates in Ostium's $24 million funding round, including a $20 million Series A co-led by General Catalyst and Jump Crypto, alongside Coinbase Ventures and Crucible Capital.