Evgeny Gaevoy reports that Wintermute Ventures funded 4% of reviewed projects in 2025, using equity/SAFE and token warrants as common deal structures.
Wintermute Ventures completed 23 investments in 2025, primarily leading Pre-Seed and Seed funding rounds. According to CEO Evgeny Gaevoy, the firm reviewed around 600 companies, with 20% advancing to due diligence and just 4% securing funding. Investments were commonly structured using equity or SAFE agreements along with token warrants.