Initial Coin Offering Funded Startups
Across the 38 most recent initial coin offering (ICO) entries, the largest disclosed round is Linktree’s $150M (2022-05-11), which sits far above the rest…
Across the 38 most recent initial coin offering (ICO) entries, the largest disclosed round is Linktree’s $150M (2022-05-11), which sits far above the rest of the disclosed amounts; multiple other large rounds appear (for example Ava Labs at $230M is actually higher than Linktree—so Ava Labs is the true maximum at $230M on 2021-09-16), while the remaining disclosed rounds cluster well below it (e.g., IPO Genie at $13M on 2025-11-10; Venice Swap at $100M on 2022-04-21). The temporal pattern is also concentrated: 2025 accounts for the newest wave, with several rounds between 2025-10 and 2025-11 (Geefi on 2025-11-29 at $300K; IPO Genie on 2025-11-10 at $13M; MegaETH on 2025-10-29 at $50M), while the oldest shown entries date back to 2021-08 (TrueFi at $13M on 2021-08-05).
Sector-wise, financial services and blockchain-adjacent categories recur: “Financial Services” appears on multiple listings (e.g., Ondo Finance at $10M on 2022-07-06; Ava Labs at $230M on 2021-09-16; TrueFi at $13M on 2021-08-05), and blockchain is also frequent (e.g., MegaETH at $50M on 2025-10-29; Ethena at $20M on 2025-09-24). Outlier sizes are common at the small end as well: several disclosed rounds are $300K or below (Geefi at $300K on 2025-11-29; AgoraLend at $300K on 2025-09-30), contrasted with single large disclosures like Ava Labs ($230M, 2021-09-16).
Most recent rounds
38 shownRelated listings
Frequently asked
What are the biggest and smallest disclosed ICO rounds in this list, and how separated are they?
The largest disclosed round is Ava Labs at $230M on 2021-09-16. The smallest disclosed round is $40K for LYNO on 2025-09-23, with other sub-$300K deals including Geefi ($300K on 2025-11-29) and AgoraLend ($300K on 2025-09-30), indicating a very wide disclosed range.
Is there a tight cluster in time among the most recent ICOs (by round date)?
Yes. Multiple entries fall in late 2025, especially October–November 2025: Geefi ($300K, 2025-11-29), IPO Genie ($13M, 2025-11-10), MegaETH ($50M, 2025-10-29), and BALLSAPP ($10M, 2025-10-10). Earlier years in the listing (back to 2021-08-05 with TrueFi) are comparatively less “dense” at the top end of the time window.
Do any locations show up repeatedly, suggesting geographic clustering?
San Francisco appears multiple times, including Azuki ($3M, 2022-10-25), Mina ($92M, 2022-03-17), and Alethea AI is in Singapore (not SF), while other San Francisco-adjacent entries include TrueFi ($13M, 2021-08-05) and smartFi ($10M, 2021-10-12 is Utah). Separately, Singapore also recurs (Mighty Bear Games at $10M on 2022-07-26; Affyn at $10M on 2022-01-13; Alethea AI on 2021-08-24; and Meta Bank Defi at $100K on 2021-12-08).
Which sectors look most over-represented, based on repeated category labels?
“Financial Services” shows up repeatedly (e.g., Ondo Finance $10M on 2022-07-06; Ethena $20M on 2025-09-24; Venice Swap $100M on 2022-04-21; TrueFi $13M on 2021-08-05; Ava Labs $230M on 2021-09-16). “Blockchain” is also a recurring label across different amounts and geographies (e.g., MegaETH $50M, 2025-10-29; Mandala Chain $2M, 2025-10-08; Mina is labeled Financial Services but also blockchain-linked in broader context of the list).
Are there notable outliers that distort the size distribution?
Ava Labs’ $230M (2021-09-16) is the dominant high-end disclosed amount, dwarfing other large disclosures like Venice Swap’s $100M (2022-04-21) and Braintrust’s $100M (2021-12-09). On the low end, LYNO’s $40K (2025-09-23) sits well below the $300K floor that appears in multiple places (Geefi $300K on 2025-11-29; AgoraLend $300K on 2025-09-30).
How common are undisclosed amounts or missing dollar figures in this ICO set?
Only one row shows an “undisclosed” amount: peoNova on 2025-09-18. All other entries shown provide a disclosed dollar amount (for example Geefi at $300K on 2025-11-29 and IPO Genie at $13M on 2025-11-10), so comparisons of min/max are based on fully disclosed rounds.
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