CM

CMT Digital

VC
Chicago, ILWebsite
How to approach: warm intro preferred
Stage

Pre-Seed, Seed

Check Size

$250K – $2.0M

Portfolio

9+ companies

Team

14 partners

Investor activity
Investments in last 12 months: 0

Investment Thesis

Invests in blockchain technology, DeFi protocols, and companies innovating within the crypto and Web3 ecosystem.

How CMT Digital invests

CMT Digital is a vc firm based in Chicago, IL. The firm invests at the Pre-Seed, Seed stages, with a focus on Other, AI / ML, Developer Tools. It does not invest in traditional consumer products.

CMT Digital typically writes checks of $250K–$2.0M per investment.

CMT Digital has backed 9 companies in our records, including Celsius Network, tBTC, 1Money.

Meet the Team

JL

Joseph Lassen

Investment Partner

token economics
crypto venture investing
protocol scale
CS

Charlie S.

Investment Partner

venture investments

Charlie is an Investment Partner at CMT Digital. Charlie joined CMT Digital at the launch of Fund II in April of 2021 to focus on venture investments. Charlie started his career at Bain & Company, where he spent time on large-scale transformations and in the Private Equity Group. He graduated from Harvard University with an A.B. in Economics.

SH

Sam Hallene

Investment Partner

blockchain
crypto infrastructure
DeFi
tokenized finance
JL

Jan-Dirk Lueders

Co-Founder

quantitative finance
emergent technologies
blockchain/web3 investing
AI

Augie Ilag

Investment Partner

crypto venture deals
digital assets
emerging fintech
KL

Kristi Lebovitz

Marketing Director

MC

Matt Casto

Head of DeFi

SC

Scott Casto

Co-Founder

electronic trading
market structure
crypto infrastructure
AI

Augie I.

Investment Partner

CS

Colleen Sullivan

CEO & Partner

crypto
DeFi
blockchain infrastructure
SC

Scott C.

Co-Founder

crypto asset trading
blockchain technology investments
legal/policy engagement

Scott is the Co-Founder and Co-CEO of the CMT Group. Scott has over 30 years of experience trading equity and fixed income derivatives, and investing across private equity, venture capital and hedge funds. The first decade of his career was spent trading and market making on both U.S. and European exchanges with Chicago Research and Trading Group (CRT). While at CRT, Scott was instrumental in the construction of the electronic European trading business. In 1997, Scott and Jan-Dirk Lueders established the CMT Group, a global electronic trading firm focused on developing cutting edge, low-latency electronic trading technologies. In 2015, Scott and Jan-Dirk founded CMT Digital, a division of the CMT group that focuses on crypto asset trading, blockchain technology investments, and legal/policy engagement in the crypto asset and blockchain ecosystem.

SH

Sam H.

Investment Partner

thesis formation
portfolio composition
investment opportunities
due diligence
investor relations

Sam is an Investment Partner at CMT Digital. Sam joined the CMT Digital venture group at its inception in 2017 and focuses on thesis formation, manages portfolio composition, sources investment opportunities, conducts due diligence, and assists with investor relations. Previously, Sam worked at Prairie Capital, a Chicago-based middle market private equity firm, and Promus Capital, a Chicago-based multi-asset class wealth manager. Sam graduated from the University of Michigan with majors in Economics and Spanish.

CS

Charlie Sandor

Investment Partner

blockchain infrastructure
early-stage crypto
protocols
JL

Jan-Dirk L.

Co-Founder

venture capital
blockchain technology
early-stage investments

Jan-Dirk is the co-founder and co-CEO of CMT Group. Jan-Dirk has over 30 years of experience investing across venture capital, private equity, and hedge funds, and has deep expertise in developing emergent technologies. In 1997, fueled by his early passion for technological advancement, Jan-Dirk co-founded CMT Group, a global electronic trading firm focused on developing cutting edge, low-latency electronic trading technologies. In 2015, Scott and Jan-Dirk founded CMT Digital, a global blockchain and web3 venture capital firm focused on early-stage investments that accelerate the adoption of blockchain technology. Jan-Dirk’s extensive experience as an investor, entrepreneur, and technological expert has allowed him to invest in more than 100 companies and protocols across the blockchain ecosystem and sit on the boards of several successful enterprises as a valued advisor.

Industry Focus

Invests In

Other
AI / ML
Developer Tools

Does Not Invest In

traditional consumer products

Portfolio Companies (9)

Other

CE

Celsius Network

blockchain-based lending
TB

tBTC

DeFi protocols
1M

1Money

Financial Services

1Money is building the world’s first Layer 1 payments network exclusively for stablecoins.

AX

Axis

Defi

Axis is redefining digital asset productivity by bringing institutional-grade, delta-neutral trading strategies onchain.

A

A multi-agent AI protocol

Infrastructure

A multi-agent AI protocol designed to unlock scalable and efficient intelligence to meet the global demand for AI.

UN

Uniform Labs

Defi

Uniform Labs builds institutional-grade on-chain products, accelerating finance to internet speed.

CR

Crusoe Cloud

Mining

Creators of Crusoe Cloud, a carbon-negative cloud computing platform powered by stranded energy such as flare gas and curtailed renewables.

HY

Hypernative

Hypernative provides an on-chain, proactive risk monitoring solution.

LI

Lit Protocol

Lit Protocol is a decentralized network for secure and private access control.

How to pitch CMT Digital
  • Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
  • Lead with your fit in Other, AI / ML, Developer Tools — the sectors they actively back.
  • Size your ask to their typical $250K – $2.0M check.
  • warm intro preferred
  • Address your outreach to a specific partner, such as Joseph Lassen, Investment Partner.
  • A warm introduction beats a cold email. Get matched and request an intro.

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