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Crypto fundraising and what investors paid

Who funded each token, how much they put in and at what price: CryptoKeyhole traces every round to an SEC filing, the project's own announcement or a sale contract read on our Ethereum node, then sets what investors paid against today's price.

Raised, as filed or stated
$1.56BSum of the rounds we list. Later rounds of protocols that launched tokens years ago count too.
Rounds with a source
41Each cites a filing, announcement, proposal or our own node
From filings or the chain
15SEC Form D amounts and sale contracts read on our node
Tokens with a price on record
8What investors paid per token, stated, measured or implied

Rounds from SEC filings, projects' announcements and our own Ethereum node; sources last read 9 November 2026. Prices updated 10 November 2026, 02:52 UTC.

The money behind each token

Each round is a circle on the line, placed at its date and sized by the money raised, so you can see who raised early, who raised late, and who kept raising after the token was already trading.

  1. WorldcoinWLDSEC filings, stated by the source
    $329M4 rounds
    12 Feb 2021to 21 May 2025
  2. MorphoMORPHOStated by the source
    $243M3 rounds
    2022to 9 Jun 2026
  3. EigenCloudEIGENStated by the source
    $220M3 rounds
    28 Mar 2023to 17 Jun 2025
  4. UniswapUNISEC filings, stated by the source
    $178M3 rounds
    12 Apr 2019to 13 Oct 2022
  5. ArbitrumARBStated by the source, press reports
    $124M3 rounds
    Apr 2019to Aug 2021
  6. EthenaENAStated by the source, press reports
    $120M3 rounds
    Jul 2023to Dec 2024
  7. Lido DAOLDORead on our node
    $96.0M2 rounds
    May 2021to Aug 2022
  8. SKY Governance TokenSKYStated by the source, press reports
    $54.5M3 rounds
    Dec 2017to 19 Dec 2019
  9. AaveAAVEStated by the source, press reports
    $44.2M3 rounds
    30 Nov 2017to Oct 2020
  10. CompoundCOMPSEC filings
    $41.8M3 rounds
    2 Oct 2017to 30 Aug 2019
  11. OndoONDOSEC filings, stated by the source
    $33.9M3 rounds
    2021to May 2022
  12. ether.fiETHFIStated by the source
    $28.3M2 rounds
    1 Mar 2023to 28 Feb 2024
  13. The GraphGRTSEC filings, stated by the source
    $19.7M5 rounds
    6 Apr 2018to Oct 2020

How to read a strip: each circle is one round, placed at its date on the time axis and sized by the money raised. Totals add each round's filed, stated, measured or reported amount in dollars.

What investors paid, against today

For tokens sold directly, the price from the sale itself. For tokens whose investors bought shares, an upper estimate: the money raised before launch, divided by the tokens allocated to investors. Then what that is worth at today's price, and how much of those investors' tokens the published schedules release in the next 30 days.

Every round

Each round with its date, instrument, amount and investors, and the document it comes from. Every amount is labelled by what kind of figure it is.

How to read the labels

Filed
The amount sold, from a Form D filed with the SEC.
On chain
Read on our own Ethereum node, such as a sale contract's purchase events.
Stated
The project's or the investor's own announcement or governance proposal.
Implied
Worked out from stated figures; the round's note says how.
Press
A news report, used only where no primary document gives the figure; the outlet is named.

Dollar amounts are as filed or stated at the time. Rounds of tokens that replaced older ones are shown in the current token: 100 LEND = 1 AAVE, and 1 MKR = 24,000 SKY. A round's price per token is the price the source gives; where only a valuation exists, it is that valuation divided by the token's supply.

No round on the public record

Projects we cover where no public document gives a round's size or price. They are listed so a blank is never mistaken for a gap in the table.

  • Curve DAO Curve's documents allocate 3.6% of the CRV supply (108M CRV) to investors but publish no round size or token price. Curve
  • Ethereum Name Service ENS Labs says it has never received VC funding. Its tokens were airdropped to name holders (25%), allocated to contributors (25%) and to the DAO (50%). ENS DAO ENS DAO

Sources, by token

Everything the totals rest on, so any of it can be checked at the source. Links open the documents themselves. Rounds read on our node are noted in the Plus tables with their contract addresses.

The totals are free to reuse under CC BY 4.0, crediting CryptoKeyhole with a link to this page.

Questions

Where do the fundraising numbers come from?

From public documents only: Form D filings on the SEC's EDGAR system, the project's or the investor's own announcement, governance proposals, and sale contracts read on our own Ethereum node. A press report is used only where no primary document gives a figure, and the outlet is named. No fundraising database or tracker is copied, and no list is bought.

What is the difference between filed, stated, measured and implied?

Filed means the amount sold is in a Form D filed with the SEC. Stated means the project or investor says so in its own announcement or proposal. Measured means our node read the sale itself, as with the Lido treasury sales, where the contract records every purchase. Implied means we worked a figure out from stated ones, such as a price per token from a stated valuation and the token's supply, and the note under the round says how.

What is an investor's cost basis on a token?

What the investor paid per token. For tokens sold directly (The Graph's $0.026 strategic allocation, Lido's treasury sales) it is the price in the sale. For tokens whose investors bought shares in the company instead, no token price exists, so the page shows the funding raised before the token launched divided by the tokens allocated to investors, an upper estimate of what those tokens cost.

Why does a project's total look lower than other sites show?

Only rounds with a citable public source are counted, and each is labelled by how good that source is. A round reported only by trackers, or an equity raise with no filing and no announcement, is left out rather than added on trust.

Which rounds are on Plus?

The free page shows each token's total raised, the number of rounds and when they happened, with every source listed. Plus adds each round in full: the investors named, the instrument, the valuation, the stated or measured price per token, what that is worth at today's price, and how much of the investors' tokens the published schedules release over the next 30 days.

Are investors' names shown?

Organisations only: funds, firms and companies. Individual angels and founders are not named even where a project's announcement lists them.

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