Wintermute

Crypto market maker

wintermute.com

Medium

Overview

On-chain Holdings

𝕏 Statistics

Details

Wintermute is a crypto market maker focused on high-frequency algorithmic trading and market making services. It provides liquidity algorithmically across most cryptocurrency exchanges and trading platforms, as well as supports high profile blockchain projects and traditional financial institutions moving into crypto.

Tags: CeFi Quantitative Trading Market Makers

Founded: 2017

Location: Britain

Team

Evgeny Gaevoy

Founder and CEO

Yoann Turpin

Co-Founder

Valentine Samko

CTO

Igor Igamberdiev

Head of Research

Jonathan Chan

Global Head of BD

Katryna Hanush Rosoman

Director of Business Development and Partnerships

Jonas Kristensen

VC and M&A director

Ivailo Jordanov

Angel Investor

Fundraising

Lightspeed Venture

Lead

Blockchain.com

Lead

Pantera Capital

Hack VC

Alliance DAO

Kenetic Capital

FBG Capital

Ryze Labs

RockawayX

Avon Ventures

Round	Amount	Valuation	Date	Investors
Series B	$ 20 M	--	Jan 20, 2021	Lightspeed Venture*, Pantera Capital, Ryze Labs, Kenetic Capital, Hack VC, Alliance DAO, Blockchain.com, RockawayX, Avon Ventures
Series A	$ 2.8 M	--	Jul 07, 2020	Lightspeed Venture*
Seed	--	--	Feb 10, 2020	Blockchain.com*, FBG Capital

Investments

Tag

Ecosystem

Token Issuance

Region

Operating Status

Centrifuge

The on-chain ecosystem for structured credit

Optimism

Ethereum L2 solution using optimistic rollup technology

Pyth Network

Oracle Solution

Ondo Finance

Institutional-Grade Finance

Bitpanda

Cryptocurrency exchange

dYdX

Decentralized Exchange

Bluefin

Decentralized perpetual contract protocol

Router Protocol

Cross-chain messaging protocol

Monad

High-performance layer 1 blockchain

Zeta Markets

DeFi derivatives built on Solana

Taiko

Decentralized, Ethereum-equivalent ZK-Rollup

Backpack

Cryptocurrency exchange and multi-chain wallet

Flare Network

Layer-one blockchain

Ethena

ETH based delta-neutral stablecoin

Open Custody Protocol

Modular custody solution

Acquired

WOO Network

Deep liquidity network

SynFutures

Decentralized derivatives exchange

Vertex Protocol

Decentralized derivatives protocol

Zerion

NFT & DeFi portfolio tracker

Hashflow

Decentralized Trading Platform

Push Protocol

Web3 communication platform

Archway

Cosmos ecological blockchain

Hex Trust

Institutional digital asset custodian

Primex Finance

Spot margin trading protocol

Index Coop

Decentralized asset management protocol

1inch

Decentralized Exchange Aggregator

Clearpool

Decentralized capital markets protocol

UMA

Optimistic-based oracle

Stork

Web3 oracle provider

Chaos Labs

Automated economic security system for crypto protocols

Crossover Markets

Digital asset trading technology firm

M^0

Money middleware for the digital age

Reya Network

Trading-optimized modular L2

Analog

Decentralized layer-0 platform

Polymer

Ethereum Interoperability Hub

Kiln

Enterprise-grade staking technology provider

Pontem Network

Aptos Product Studio

Noble

Generic asset issuance chain

One Trading

Digital asset exchange

DFlow

Decentralized order flow marketplace

Thetanuts Finance

Multi-chain structured products protocol

Econia

Hyperparallel on-chain orderbook platform

Mangrove

Order book-based DEX

Notifi

Web3 Communication Infrastructure

KAP Games

Web3 gaming distribution portal

Nomad

Cross-chain interoperability protoco

Hidden Road

Global credit network for institutional investors

Astaria

NFT lending platform

Common

Cross-functional governance and community management platform

bloXroute

A weapon for front-running DeFi traders

Struct Finance

On-chain structured products

DexGuru

DeFi trading terminal

Humanode

Crypto-biometric network

BCB Group

Crypto payments service provider

PsyFi

Decentralized options trading platform

Tempus

Decentralized money market

Angle Protocol

Novel stablecoin framework

SubQuery

Universal data indexing framework for web3

ParaSwap

DeFi aggregator

DAWN / Andrena

Decentralized wireless network

Raven

High-frequency algorithmic trading firm and market maker

Agora

Dollar stablecoin issuer

Ithaca Protocol

Composable Option Protocol

Credora

Infrastructure for institutional credit

HAL

Digital asset management tool

Acquired

Texture

DeFi yield platform

Thalex

Crypto trading platform

SIZE

On-chain trading market

MYSO Finance

Zero-liquidation loans protocol

Lemma Finance

The basis trading protocol

Ruby.Exchange

Decentralized automated market maker

Eden Network

Multi-chain infrastructure provider

Nostra

The Liquidity Layer of Starknet

TreeHouse Finance

Digital assets data firm

Tesseract

Digital asset lending solutions to institutions

Tonic

Orderbook-based exchange platform

TokenStream

Decentralized Asset Management Solution

Total 77 Page

Name	Round	Amount	Valuation	Date
Stork	Seed	$ 4 M	--	Aug 22
Chaos Labs	Series A	$ 55 M	--	Aug 15
DAWN / Andrena	--	$ 18 M	--	Aug 07
Crossover Markets	Series A	$ 12 M	--	Jun 26
Router ProtocolROUTE	Strategic	--	--	Jun 19
M^0	Series A	$ 35 M	--	Jun 05
Raven	Seed	$ 2.7 M	$ 25 M	May 15
CentrifugeCFG	Series A	$ 15 M	--	Apr 17
Monad	--	$ 225 M	$ 3 B	Apr 09
Agora	Seed	$ 12 M	--	Apr 02
Reya Network	--	$ 10 M	--	Mar 26
TaikoTAIKO	Series A	$ 15 M	--	Mar 03
Backpack	Series A	$ 17 M	$ 120 M	Feb 28
EthenaENA	Seed Plus	$ 14 M	$ 300 M	Feb 16
Analog	--	$ 16 M	$ 120 M	Feb 12
Ithaca Protocol*	Pre-Seed	$ 2.5 M	--	Jan 31
WOO NetworkWOO	--	$ 9 M	--	Jan 18
Kiln	--	$ 17 M	--	Jan 18
Pontem Network	--	$ 6 M	--	Jan 11
Pyth NetworkPYTH	--	--	--	Dec 05, 2023