Parafi Capital LP

Multi-stage venture firmSEC-registered adviserClassification probable· New York, New Yorkparafi.com

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.

In the firm's own words, from its website.

Reported fund assets
$443M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
2
Investment team
3
Latest vintage
2024
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (3)Team (4)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

9 additional team members, 13 additional co-investors and affiliates, 13 additional investments, funds and LPs, 35 events, 3 verified contacts (1 general firm email, 1 firm phone, 1 professional url)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 vehicle
    on Form D, 18 months

    $16.4M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 2 companies
    new in 12 months

    2 new companies in the last 12 months. Latest round Jeeves round ($110M round) on 29 Sep 2026.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  3. 2 partners
    leading rounds

    Anjan Vinod and Ben Forman each led 1 round on record, most recently TBD round (25 Feb 2026) and Circuit & Chisel round (22 Sep 2025).

    The partner who leads is the one to reach; the rest of the team follows a lead partner's call.

    Factfunding announcements naming the partnerFor Founders, co-investorsTeam →
  4. 1 departure
    people, 12 months

    A team member departed 13 days ago.

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)For Founders, LPs, recruitersTeam →
  5. 2 deals
    with Coinbase Ventures

    Invests most often alongside Coinbase Ventures (2 shared deals).

    pair last observed on record 29 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Ben Forman
    Founder and Managing Partner
    Why: Managing partner: runs the firm
    Profile
  • Benjamin Solomon Forman
    Limited Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Anjan Vinod
    Managing Director
    Why: Managing director
    No route on file yet

Relationship network

39 connected entities3 observed rounds1 repeat counterpartyrounds 2025 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Parafi Capital LP: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Parafi Capital LP

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

3 companies on record, 2 new in 12 months
Investments on record
3 companies, 2 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
JeevesFunding roundparticipantunknown$110MunknownSep 29, 2026Fact Press release
TBDFunding roundleadAnjan Vinod (confirmed)$3.0MunknownFeb 25, 2026Fact Press release
Circuit & ChiselFunding roundleadBen Forman (confirmed)$19.2MunknownSep 22, 2025Fact Press release
Stated thesis versus observed behaviour
3 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 67%follow-on rate 0%new companies, 12 months 2

Team

4 current, 11 departed
Decision makers
who to call first, and why; then everyone else by function
  • Ben Forman · Founder and Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility; Led 1 round on record
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • Benjamin Solomon Forman · Limited Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Anjan Vinod · Managing Director
    Why this person: Managing director; Named with investment responsibility; Led 1 round on record

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
4 current, 11 departed
11 departed (kept with end dates)
Contacts
1 general firm email, 1 firm phone, 1 professional url

1 general firm email, 1 firm phone, 1 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

11 vehicles, 0 LPs disclosed
Funds and vehicles
11 reported, 5 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Parafi Strategic Interests LLCFund2024 form d first saleFundraising$18.2M
Sep 18, 2026
3$16.4MJul 27, 2026
Parafi Venture Fund II LPFund2023 form d first saleActive deployment$101M
Sep 18, 2026
85$38.9M
of $100M
Sep 29, 2023
Parafi Private Opportunities LLC - Series KOpportunity fund2023 adv first reportedActive deployment$681,394
Sep 18, 2026
35$0Mar 17, 2022
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

16 co-investors · on 4 other DFX graphs
Co-investors
16 counted from shared deals, for the whole firm
Across DFX and the capital chainon 4 other DFX graphs Show
Across DFX
Across the graphs

Parafi Capital LP is the same institution as 4 records in Independent Sponsors, Private Equity, RIA and Wealth and Private Credit.

Independent Sponsors1Private Equity1RIA and Wealth1Private Credit1

DFX found 4 relationships across 4 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Evidence and history

40 dated events, 71 observations from 3 sources
Timeline
40 dated events
  1. Sep 18, 2026
    Kevin Yedid-Botton (Portfolio Manager) no longer on Schedule A of Parafi Capital LP
    Person leftPeopleInferenceKevin Yedid-BottonForm ADV
  2. Sep 18, 2026
    Parafi Venture Fund III LP first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $74,830,313
    Fund first reported on Form ADVFundsInferenceParaFi Venture Fund III LPForm ADV
  3. Sep 18, 2026
    Parafi Private Opportunities LLC - Series M first reported on Form ADV by Parafi Capital LP (Private Equity Fund), GAV $7,649,608
    Fund first reported on Form ADVFundsInferenceParafi Private Opportunities LLC - Series MForm ADV
  4. Sep 18, 2026
    Parafi Strategic Interests LLC first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $18,219,436
    Fund first reported on Form ADVFundsInferenceParafi Strategic Interests LLCForm ADV
  5. Sep 18, 2026
    Parafi Private Opportunities LLC - Series L first reported on Form ADV by Parafi Capital LP (Venture Capital Fund), GAV $10,069,218
    Fund first reported on Form ADVFundsInferenceParafi Private Opportunities LLC - Series LForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Sep 18, 2026 · 15 private fundsShow
Headquarters
New York, NYadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
parafi.com
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Sep 18, 2026
Private funds reported
15 (11 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$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 Capital Management LLC (General Partner); Parafi Companies LP (Limited Partner), owns 75% or more
Classification history
Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $443M
  2. Sep 15, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $341M
  3. Sep 14, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $329M
  4. Sep 12, 2026
    Multi-stage venture firm (probable, 80%)
    Both early and growth/opportunity families, reported GAV $933M
Evidence
71 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedMar 31, 2026FactForm ADV
SEC adviser typeRegistered investment adviserSep 18, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 31, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJun 25, 2024FactForm ADV
First Form ADV filing2020-12-23Sep 18, 2026FactForm ADV
First Form ADV filing2020-12-23Jun 25, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-09-18Sep 18, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-06-25Jun 25, 2024FactForm ADV
SEC statusApprovedMar 31, 2026FactForm ADV
SEC status effective2021-07-30Mar 31, 2026FactForm ADV
Venture share of reported funds1Sep 18, 2026FactForm ADV
Venture share of reported funds1Jun 25, 2024FactForm ADV
Business phoneMar 31, 2026FactForm ADV
Business phoneJun 25, 2024FactForm ADV
DescriptionSep 16, 2026Factno URL
DescriptionSep 15, 2026Factno URL
Employees21Mar 31, 2026FactForm ADV
Employees20Jun 25, 2024FactForm ADV
HeadquartersNew York, NYMar 31, 2026FactForm ADV
HeadquartersNew York, NYJun 25, 2024FactForm ADV
Office addressMar 31, 2026FactForm ADV
Office addressJun 25, 2024FactForm ADV
Legal formLimited PartnershipMar 31, 2026FactForm ADV
PE funds reported1Mar 31, 2026FactForm ADV
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 15, 2026Factno URL
Private funds reported15Sep 18, 2026FactForm ADV
Private funds reported15Mar 31, 2026FactForm ADV
Private funds reported10Jun 25, 2024FactForm ADV
Private fund gross assets (reported)$1.8BSep 18, 2026FactForm ADV
Private fund gross assets (reported)$1.8BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$945MJun 25, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$1.8BMar 31, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$945MJun 25, 2024FactForm ADV
Schedule a diffsadiff-1Sep 18, 2026FactForm ADV
Stated sectorsFintech, crypto, data infrastructure
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsFintech, crypto, data infrastructure
“sector words on the home page”
Sep 15, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 15, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 15, 2026Factno URL
Venture funds reported11Sep 18, 2026FactForm ADV
Venture funds reported11Mar 31, 2026FactForm ADV
Venture funds reported8Jun 25, 2024FactForm ADV
WebsiteMar 31, 2026FactForm ADV
WebsiteJun 25, 2024FactForm ADV
Site titleSep 16, 2026Factno URL
Site titleSep 15, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShow
Importance
45
elevated
Active deployment
33
moderate
Emerging
0
low
Freshness
100
high
Multi-stage venture firm · probableSEC registered investment adviser

Both early and growth/opportunity families, reported GAV $443M

The inputs behind each score
importance
gav: 0.5 · funds: 1 · people: 0.12 · investments: 0.18 · co investors: 0.49
active deployment
investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-29
emerging manager
fund count: 16 · reported gav: $443M · first adv filing: 2020-12-23 · years since first filing: 5.8

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

4 identity changes, 1 dated event on the change ledger, latest event first
  • Fund refused
    2026-09-14
  • Fund refused
    2026-09-14
  • Fund refused
    2026-09-14

+2 more changes on this record's ledger

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.