XBTO Humla Ventures

What XBTO Humla Ventures does

Humla Ventures (operating as XBTO Humla Ventures) is a New York-headquartered alternative investment manager founded in 2017 that specializes in blockchain, fintech, and AI companies transforming financial markets. The firm operates a multi-strategy platform spanning early-stage primary investments, venture secondaries, SPVs, co-investments, family office advisory, and founder coaching, and it positions itself as the only dedicated blockchain secondaries team. Across roughly eight years of activity it has built a portfolio of more than 40 disclosed positions across 50+ industries and 15 jurisdictions, reaching $1.1B in assets under management and $13B in assets under advisement.

The business generates revenue through management fees and carried interest on venture funds, supplemented by family office advisory retainers for back-office, compliance, custody, risk, and tax stewardship. Distribution is sales-led and relationship-driven: the firm targets family offices and institutional LPs through direct outreach, a curated network of 45 portfolio CEOs, top-tier VC co-investors, and branded content channels including the Transform podcast and an annual NYC event. The five-person team spans four countries, and the managing partner (Greg Carson) also heads ventures and corporate development at XBTO Group, the affiliated digital asset trading firm, providing a differentiated origination channel into the digital-asset ecosystem.

The product surface is asset-management-led rather than technology-led; Humla does not develop proprietary trading systems, data products, or AI models, and its competitive position rests on category specialization, deal sourcing, and network curation rather than on a defensible technology stack. Customer concentration risk sits with the firm's LP base, which is not publicly disclosed, while revenue predictability is governed by fund vintage timing and the realization cadence of carried interest from secondary positions.

Name

XBTO Humla Ventures

Legal name

Humla Ventures LLC

Website

https://humla.vc

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Humla Ventures (XBTO Humla Ventures) is a New York-based alternative investment manager specializing in early-stage and secondary investments in blockchain, fintech, and AI companies, serving family offices and institutional investors across 15 countries with $1.1B AUM and $13B AUA.

Ownership category

akta.pro rank

Product category

Venture Capital and Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

akta.pro secondary industries

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF), Corporate Fintech / Insurtech CVC (Financial-services-led CVC) (FSANAHAK)

Keywords

• Venture capital management
• Alternative asset management
• Digital asset investments
• Venture secondaries
• Family office advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Venture Capital Management: Revenue generated through management fees and carried interest from venture capital funds, early stage investments, venture secondaries, and co-investment opportunities in the digital assets and fintech ecosystem.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

XBTO Humla Ventures is a specialized alternative investment manager that invests in early-stage and secondary blockchain, fintech, and AI companies transforming financial markets. The firm operates a multi-strategy investment platform offering early-stage investments, a dedicated blockchain venture secondaries fund, SPV and co-investment vehicles, and family office advisory and back/middle-office services. It manages $1.1B in assets under management and $13B in assets under advisement across portfolio companies in 15 countries.

Product overview

Humla Ventures operates as a specialized alternative investment manager offering a multi-strategy investment platform focused on financial markets transformation through blockchain, fintech, and AI. The firm's core offerings include Early Stage Investment (access to transformational companies early in their lifecycle), Venture Secondaries (the only dedicated blockchain secondaries team providing diversified portfolio access at discounted valuations), and SPV/Co-Investment opportunities. Supporting services include Family Office Advisory (outsourced back/middle office services), Coaching and Mentoring, the Transform Podcast (educational content on financial market changes), Transform Event (annual industry gathering), and Cross Pollination networking. The firm manages $1.1B in assets under management and $13B in assets under advisement across 50+ industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Early Stage Investment Investment in transformational blockchain, fintech, and AI companies early in their lifecycle, alongside or before leading investors in the space. Targeted at family offices and institutional investors seeking venture exposure to financial market transformation.
• Venture Secondaries Dedicated blockchain secondaries fund providing investors access to a diversified portfolio of fast-growing and established blockchain startups at discounted valuations with a shortened exit horizon.
• SPV and Co-Investments Special purpose vehicle investments providing investors with proprietary deal flow and the ability to co-invest alongside the Humla Ventures team in digital asset opportunities.
• Family Office Advisory Comprehensive outsourced back-office and middle-office services for family offices, including establishment, administration, compliance, reporting, custody, risk management, and legal/tax stewardship.

Quantifiable outcome

• $1.1B in Asset Under Management
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pantera Capital: Pantera Capital is one of the largest dedicated crypto-native venture capital and hedge fund firms, investing across early-stage tokens, venture, and liquid crypto assets. Like Humla, it targets institutional LPs and family offices seeking digital asset exposure, and competes for secondaries and co-investment deal flow.
• Galaxy Digital: Galaxy Digital is a diversified crypto financial services and investment management firm offering venture, secondaries, trading, and asset management. It directly competes with Humla in digital asset venture capital and secondaries while offering broader institutional services.
• Digital Currency Group (DCG): DCG is a crypto-native venture and investment conglomerate that has deployed billions into blockchain startups via its subsidiaries (Coinbase, Grayscale, Foundry). It is a direct competitor for early-stage blockchain deal flow and secondaries.
• Polychain Capital: Polychain Capital is a crypto-native venture fund investing in blockchain protocols and early-stage startups. It targets similar institutional LPs and competes directly for early-stage and secondary blockchain investments.
• Paradigm: Paradigm is a leading crypto-focused venture firm investing in early-stage blockchain protocols and companies. It competes directly with Humla for the same pool of founders building crypto infrastructure.
• Coinbase Ventures: Coinbase Ventures is the corporate venture arm of Coinbase, actively investing in early-stage blockchain and crypto startups. It is a direct co-investor (alongside Humla in rounds like Modveon) and competes for deal flow in the same ecosystem.
• Multicoin Capital: Multicoin Capital is a crypto-native investment firm managing venture and liquid token strategies. It targets institutional investors and family offices, similar to Humla's LP base, and invests across the blockchain stack.
• Maven 11 Capital: Maven 11 Capital is a blockchain-focused venture fund investing in early-stage and liquid token opportunities across decentralized finance and infrastructure. It targets similar institutional LPs and competes for venture and secondary blockchain deal flow.

Broad incumbents

• Andreessen Horowitz (a16z) Crypto: a16z Crypto is one of the largest dedicated crypto venture practices globally, deploying multibillion-dollar funds across early-stage and growth-stage blockchain companies. It competes with Humla for top-tier blockchain deals while offering significantly more resources.

Regional players

• Hashkey Capital: Hashkey Capital is an Asia-based crypto venture firm with strong Hong Kong/Singapore presence. While geographically differentiated, it invests in the same blockchain infrastructure category and competes for institutional LP capital globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/humlaventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments47 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XBTO Humla Ventures