DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Parafi Capital LP
Parafi Capital LP
ParaFi is an alternative asset management and technology firm focused on blockchain and digital assets, managing $1.6B in assets as of June 30, 2026.
both early and growth/opportunity families, reported GAV $341M
Importance
35
elevated
Active deployment
33
moderate
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
11
low
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 41 MADISON AVENUE, FLOOR 20, New York, NY, 10010adviserinfo.sec.gov
- Business phone
- (203) 326-1321adviserinfo.sec.gov
- Website
- https://www.parafi.com
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 15 (11 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.8Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $1.8Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 21
- Owners on Schedule A
- Parafi Companies LP (Limited Partner), E; Parafi Capital Management LLC (General Partner), F
- business email
- info@parafi.comparafi.compublished by the subject
- business phone
- (203) 326-1321adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- fintech, crypto, data infrastructure
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate 100%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
8 reported, 5 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Parafi Venture Fund II LP | Fund | 2023 form d first sale | Active deployment | $21.8M Jun 25, 2024 | 61 | $38.9M of $100M | Sep 29, 2023 |
| Parafi Private Opportunities LLC - Series K | Opportunity fund | 2023 adv first reported | Active deployment | $12.3M Jun 25, 2024 | 34 | $0 | Mar 17, 2022 |
| Parafi Growth Fund LP | Growth fund | 2022 adv first reported | Active deployment | $150M Jun 25, 2024 | 201 | $0 | Dec 2, 2021 |
| Parafi Private Opportunities LLC - Series J | Opportunity fund | 2021 form d first sale | Mature | $107M Jun 25, 2024 | 30 | $7.2M of $7.2M | Jul 6, 2021 |
| Parafi Private Opportunities - Series I Qp | Opportunity fund | 2021 form d first sale | Mature | $20.3M Jun 25, 2024 | 62 | $29.7M | Dec 2, 2021 |
| Parafi Private Opportunities - Series I | Opportunity fund | 2021 form d first sale | Mature | $20.3M Jun 25, 2024 | 70 | $29.5M | Dec 2, 2021 |
| Parafi Private Opportunities LLC - Series H | Opportunity fund | 2021 adv first reported | Mature | $6.1M Jun 25, 2024 | 35 | unknown | unknown |
| Parafi Private Opportunities LLC - Series G | Opportunity fund | 2021 form d first sale | Mature | $2.7M Jun 25, 2024 | 27 | $4.8M | Apr 15, 2021 |
| Parafi Private Opportunities LLC - Series F | Opportunity fund | 2021 adv first reported | Wound down | $25,422 Mar 31, 2023 | 22 | unknown | unknown |
| Parafi Private Opportunities LLC - Series a | Opportunity fund · ADV: Private Equity Fund | unknown | Wound down | $34,978 Mar 31, 2023 | 25 | unknown | unknown |
| Parafi Private Opportunities LLC - Series B | Opportunity fund | unknown | Wound down | $0 Feb 3, 2023 | 22 | unknown | unknown |
| Parafi Private Opportunities LLC - Series E | Opportunity fund · ADV: Private Equity Fund | unknown | Wound down | $0 Mar 31, 2023 | 0 | unknown | unknown |
| Parafi Private Opportunities LLC - Series C | Opportunity fund | unknown | Wound down | $0 Feb 3, 2023 | 14 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
4 current, 10 departed
Anjan Vinod
PartnerManaging Director
Benjamin Solomon Forman
PartnerLimited Partner · since Jan 1, 2023
Kevin Yedid-Botton
PartnerPortfolio Manager · since Jul 1, 2019
Adrian Alexander Uberto
Platform and operationsChief Compliance Officer; Chief Operating Officer · since Nov 1, 2020
10 departed (kept with end dates)
- Daniel Emile Freuman · Owner · Sep 1, 2016 to Jun 29, 2021 Inference
- David Fisher · Manager · Oct 1, 2018 to Jun 29, 2021 Inference
- Jack Herrick · Limited Partner · Oct 1, 2020 to Jun 29, 2021 Inference
- John Clark Gillam · Owner · Sep 1, 2016 to Jun 29, 2021 Inference
- Michael Edward Novogratz · Member · Dec 1, 2015 to Jun 29, 2021 Inference
- Robert Silver Leshner · Limited Partner · Jul 1, 2020 to Jun 29, 2021 Inference
- Salil Deshpande · Owner · Jul 1, 2019 to Jun 29, 2021 Inference
- Santiago Roel Santos · Limited Partner · Apr 1, 2020 to Feb 3, 2023 Inference
- Theo Osborne · Manager · Oct 1, 2018 to Jun 29, 2021 Inference
- Lilly Palmer · Chief Compliance Officer & General Counsel · Feb 1, 2022 to Feb 3, 2023 Inference
Investments on record
2 edges, 2 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| TBD | Funding round | lead | Anjan Vinod (confirmed) | $3.0M | unknown | Feb 25, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Circuit & Chisel | Funding round | lead | unknown | $19.2M | unknown | Sep 22, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
7 relationships from shared deals, counted for the whole firm
CMT Digital 1 shared · one time · they led 1 · we led 1Jump Crypto 1 shared · one time · we led 1Coinbase Ventures 1 shared · one time · we led 1Samsung Next 1 shared · one time · we led 1Primary Ventures 1 shared · one time · they led 1 · we led 1Stripe 1 shared · one time · we led 1Solana Ventures 1 shared · one time · we led 1
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
35 dated events
- Mar 29, 2024Parafi Venture Fund II LP first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $21,831,150Fund first reported on Form ADVFundsFactParafi Venture Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Parafi Private Opportunities LLC - Series F no longer reported on Form ADV by Parafi Capital LPFund no longer reportedFundsInferenceParafi Private Opportunities LLC - Series FSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Parafi Private Opportunities LLC - Series a no longer reported on Form ADV by Parafi Capital LPFund no longer reportedFundsInferenceParafi Private Opportunities LLC - Series aSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Parafi Private Opportunities LLC - Series E no longer reported on Form ADV by Parafi Capital LPFund no longer reportedFundsInferenceParafi Private Opportunities LLC - Series ESEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Parafi Private Opportunities LLC - Series B no longer reported on Form ADV by Parafi Capital LPFund no longer reportedFundsInferenceParafi Private Opportunities LLC - Series BSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Parafi Private Opportunities LLC - Series C no longer reported on Form ADV by Parafi Capital LPFund no longer reportedFundsInferenceParafi Private Opportunities LLC - Series CSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Parafi Private Opportunities LLC - Series J first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $77,410,542Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series JSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Parafi Private Opportunities LLC - Series K first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $12,285,748Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series KSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 3, 2023Santiago Nmn Roel Santos (Limited Partner) no longer on Schedule A of Parafi Capital LP
- Feb 3, 2023Lilly Altshuler Palmer (Chief Compliance Officer & General Counsel) no longer on Schedule A of Parafi Capital LP
- Mar 31, 2022Parafi Private Opportunities - Series I first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $29,098,928Fund first reported on Form ADVFundsFactParafi Private Opportunities - Series ISEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Parafi Private Opportunities - Series I Qp first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $29,192,828Fund first reported on Form ADVFundsFactParafi Private Opportunities - Series I QpSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Parafi Growth Fund LP first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $104,506,460Fund first reported on Form ADVFundsFactParafi Growth Fund LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 1, 2022Lilly Palmer joined Schedule A of Parafi Capital LP as Chief Compliance Officer & General Counsel
- Jun 29, 2021Robert Silver Leshner (Limited Partner) no longer on Schedule A of Parafi Capital LP
- Jun 29, 2021Parafi Private Opportunities LLC - Series F first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $5,160,000Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series FSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 29, 2021Parafi Private Opportunities LLC - Series G first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $4,967,500Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series GSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 29, 2021Parafi Private Opportunities LLC - Series H first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $4,165,000Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series HSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 29, 2021David Fisher (Manager) no longer on Schedule A of Parafi Capital LP
- Jun 29, 2021Theo Osborne (Manager) no longer on Schedule A of Parafi Capital LP
- Jun 29, 2021Daniel Emile Freuman (Owner) no longer on Schedule A of Parafi Capital LP
- Jun 29, 2021John Clark Gillam (Owner) no longer on Schedule A of Parafi Capital LP
- Jun 29, 2021Salil Deshpande (Owner) no longer on Schedule A of Parafi Capital LP
- Jun 29, 2021Michael Edward Novogratz (Member) no longer on Schedule A of Parafi Capital LP
- Jun 29, 2021Jack Herrick (Limited Partner) no longer on Schedule A of Parafi Capital LP
- Dec 23, 2020Parafi Private Opportunities LLC - Series E first reported on Form ADV by Parafi Capital LLC (Private Equity Fund), GAV $390,300Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series ESEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2020Parafi Capital LLC first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2020Parafi Private Opportunities LLC - Series a first reported on Form ADV by Parafi Capital LLC (Private Equity Fund), GAV $2,581,597Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series aSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2020Parafi Private Opportunities LLC - Series B first reported on Form ADV by Parafi Capital LLC (Private Equity Fund), GAV $2,720,000Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series BSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 23, 2020Parafi Private Opportunities LLC - Series C first reported on Form ADV by Parafi Capital LLC (Private Equity Fund), GAV $4,359,931Fund first reported on Form ADVFundsFactParafi Private Opportunities LLC - Series CSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 1, 2020Adrian Alexander Uberto joined Schedule A of Parafi Capital LP as Head Of Operations, Chief Compliance Officer
- Oct 1, 2020Jack Herrick joined Schedule A of Parafi Capital LP as Limited Partner
- Jul 1, 2020Robert Silver Leshner joined Schedule A of Parafi Capital LP as Limited Partner
- Apr 1, 2020Santiago Roel Santos joined Schedule A of Parafi Capital LP as Limited Partner
- Dec 1, 2015Michael Edward Novogratz joined Schedule A of Parafi Capital LP as Member
Classification history
- Sep 15, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $341M
- Sep 14, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $329M
- Sep 12, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $933M
Evidence
57 observations from 3 sources