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CoinFund
CoinFund, Jake Brukhman's crypto-native investment firm founded in 2015, blends liquid token trading with early-stage blockchain equity.
CoinFund
CoinFund was established in 2015 by Jake Brukhman, moving to structure what was then a nascent asset class for institutional exposure. The firm operates from New York and Miami, investing at the intersection of cryptographically secured networks and machine intelligence. Strategy spans liquid venture positions and early-stage equity across three core pillars: decentralized infrastructure, frontier artificial intelligence, and new market structures in financial services. CoinFund led rounds in companies including Gensyn, a decentralized compute network for machine learning, and Ondo Finance, which tokenizes institutional-grade yield products. The firm deploys globally, with a concentration of portfolio activity in North America and Europe. Team scale and adjacent vehicles are not publicly detailed. In January 2024, CoinFund appointed Jenna Pilgrim as Head of Portfolio Support, signaling a deepened commitment to post-investment operational engagement with founders (per the firm's official communications, 2024). The firm also added a seed-stage vehicle, CoinFund Seed IV, to complement its larger venture funds. Unlike the fast-turnaround hedge funds that dominated early crypto, CoinFund operates with an open-ended venture structure alongside traditional fund vehicles, allowing indefinite hold periods on liquid tokens that appreciate meaningfully. This patient-capital approach in an industry defined by short-term liquidity events marks a distinct structural bet on enduring protocol value.
General information
Firm type
Asset Manager
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Miami, FL, United States
Principals
Jake Brukhman
Founder & CEO
Sector focus
Frequently asked questions
Who runs investment decisions at CoinFund?
Founder and CEO Jake Brukhman leads the firm's investment strategy. The partnership group includes Managing Partners and Principals who collectively source and diligence opportunities. The firm operates with a consensus-driven investment committee structure common to venture firms (per public record).
How does CoinFund differentiate liquid token investing from its venture funds?
CoinFund runs both an open-ended liquid token vehicle and traditional closed-ended venture funds. The liquid strategy takes directional positions in existing network tokens and participated in staking and governance. The venture funds make early-stage equity or token-warrant investments in pre-launch protocols and companies, with favored structures allowing conversion to tokens upon network genesis.
What check sizes does CoinFund write?
CoinFund invests from seed stage through Series B, with initial checks ranging from $1 million to $10 million depending on the vehicle. The Seed IV vehicle targets smaller pre-seed and seed allocations, while flagship growth-stage funds reserve significant capital for follow-on pro-rata participations in portfolio companies (per the firm's public communications).
Is CoinFund purely crypto-native, or has it diversified into broader AI infrastructure?
Starting in 2023, CoinFund explicitly broadened its mandate to include decentralized compute and AI infrastructure at the protocol and middleware layer. The firm views on-chain coordination mechanisms and cryptographic verification as directly relevant to training, inference, and data provenance for machine learning systems. This is not a departure from crypto but an application of its underlying tech stack to adjacent infrastructure markets.
Does CoinFund co-invest alongside traditional venture firms?
Yes. Its portfolio companies often feature syndicates combining crypto-specialist funds like CoinFund with generalist firms entering the space. Gensyn's $43 million Series A, for example, was led by a16z with CoinFund participating. The firm sources primarily through its own network of developers, protocol founders, and research communities.
What is CoinFund's structure as a fiduciary?
CoinFund is organized as an investment adviser, not a single-family office or proprietary trading desk. It manages external limited partner capital, though the firm has not publicly disclosed a full LP breakdown. Jake Brukhman has indicated the LP base includes institutional allocators, fund-of-funds, and high-net-worth individuals seeking curated exposure to early-stage web3 infrastructure.
What investment types does CoinFund explicitly avoid?
The firm does not invest in consumer-facing NFT platforms or play-to-earn gaming projects as primary themes, instead concentrating on protocol-layer and developer infrastructure. CoinFund has also publicly avoided exposure to centralized exchange equity, preferring composable, permissionless infrastructure that aligns with its technical thesis around decentralization.
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