Investments

Backing founders who build what comes next

Blockchain technology has enormous unrealized potential. We support the founders who use that potential to build transformative products.
Portfolio

Teams we back

Blockchain infrastructure
Stablecoins and synthetic dollars
DeFi and onchain markets
Data, analytics, and intelligence
Applications and adjacent infrastructure
DEEP MARKET EXPERIENCE

We invest in markets we know.

Caladan has spent nearly a decade building, trading, and operating across digital asset markets. That experience gives us a practical understanding of the infrastructure, liquidity, and market dynamics behind the companies we invest in. Our portfolio companies get a partner that understands the problems they are solving firsthand.
Caladan has backed Variational from the start, and what sets them apart is that they understand the market from the inside. Operating at scale across digital asset markets gives them a practical view of liquidity, infrastructure, and where the industry is heading. Few investors bring both the capital and that depth of market expertise.
Lucas V. Schuermann, Founder at Variational