CoinFund
About CoinFund
CoinFund was founded in 2015 by Jake Brukhman and Aleksandr Bulkin, and Brukhman serves as CEO. Alex Felix is listed as chief investment officer, and David Pakman as managing partner and head of venture investments. The firm is headquartered in Brooklyn, New York. Its first dedicated venture fund, CoinFund Ventures I, was a $300 million vehicle announced in August 2022 for early-stage blockchain projects. Later that year, SEC filings showed a $250 million seed fund, CoinFund Seed IV, in market. An f4 profile puts assets under management at about $1 billion as of December 2024.
CoinFund's portfolio page frames its partners as backing founders shaping AI, financial systems, and decentralized infrastructure. Its AI deals cluster around decentralized AI training and AI data labeling. Perle, a web3-enabled AI data labeling company, took a seed round in 2024 with Jake Brukhman and Evan Feng listed on the deal. Pluralis Research, which works on decentralized AI training, appears in the firm's 2025 activity. Catena Labs, an artificial intelligence company, raised an $18 million seed round in May 2025. Prime Intellect and Recall are also named among the firm's recent decentralized AI backings.
Public profiles list Pre-Seed, Seed, and Series A as the stages CoinFund invests in. f4 describes pre-seed and seed as the primary focus, with selective Series A participation. Vcsheet lists an average check of $6 million to $10 million. Coindesk reported that check sizes for CoinFund Ventures I would range from $6 million to $10 million per company. f4 gives estimated ranges of $500K to $5M at pre-seed and seed, and $2M to $15M-plus at Series A, derived from portfolio data rather than disclosed by the firm.
- Perle: web3-enabled AI data labeling, seed round, 2024
- Catena Labs: artificial intelligence company, $18.0M seed round, May 2025
- Pluralis Research: decentralized AI training, investment in 2025
- Prime Intellect: named among recent decentralized AI backings, round not stated in sources
- Recall: named among recent decentralized AI backings, round not stated in sources
- Kiva AI: listed under artificial intelligence in a Seedtable deal table, round not stated in sources
Investing activity
CoinFund is listed on AI Lounge as a venture capital investor based in New York, New York, United States. The deals desk records Series A and later AI rounds and seeds over $10M, so smaller checks may not show here yet.
Deals
Frequently asked questions about CoinFund
When was CoinFund founded?
CoinFund was founded in 2015 by Jake Brukhman and Aleksandr Bulkin, with Brukhman serving as CEO. Its profiles describe it as one of the earliest cryptonative investment firms.
How large are CoinFund's funds?
CoinFund Ventures I was announced in 2022 as a $300 million fund. SEC filings that year showed a $250 million seed fund in market, and an f4 profile estimates about $1 billion in assets under management as of December 2024.
What check size does CoinFund write for AI startups?
The firm's public check sizes are not disclosed for AI deals specifically. Vcsheet lists an average check of $6 million to $10 million, while f4 gives estimated ranges of $500K to $5M at pre-seed and seed.
Which AI startups has CoinFund backed?
Public listings show investments in Perle, a web3-enabled AI data labeling company, and Catena Labs, which raised an $18 million seed round in May 2025. Pluralis Research, which works on decentralized AI training, is also in its recent activity.
Which stages does CoinFund invest in?
Public profiles list Pre-Seed, Seed, and Series A, with pre-seed and seed as the primary focus. Founders should check the firm's own site for current fund terms.
Where is CoinFund based?
CoinFund is based in New York, New York, United States.
How can founders reach CoinFund?
Founders on AI Lounge can see CoinFund's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add CoinFund to their Investor Pipeline to track the conversation.