Wintermute CEO: 2025 Investment Approval Rate Drops to 4%

KuCoinFlash

Release Time: 01/08/2026 13:17:02

Summary

Wintermute CEO Evgeny Gaevoy revealed that the firm's 2025 investment approval rate has dropped to 4%, as altcoins to watch face a more selective funding environment. Wintermute evaluated 600 projects, with 20% advancing to due diligence and 23 investments ultimately finalized, primarily in Pre-Seed and Seed rounds. The firm emphasized that its funding decisions remain independent of its market-making operations. Amid shifting market sentiment, the fear and greed index continues to influence investor behavior, but Wintermute's strategy remains focused on quality over quantity.

BlockBeats news: On January 8, Evgeny Gaevoy, founder and CEO of Wintermute, stated that the investment approach has evolved from the "scattergun investment" style seen in 2021–2022 to the current stage, where only 4% of projects are accepted. Wintermute Ventures completed 23 investments in 2025, primarily leading pre-seed and seed rounds. These investments are not aimed at obtaining market-making (MM) rights and are entirely separate from trading operations.

Wintermute Ventures posted that in 2025, it reviewed approximately 600 companies, with 20% entering formal due diligence and 4% of the projects receiving funding. The most commonly used funding structures in 2025 were equity/SAFE and token warrants. The most suitable funding and investment structure will be matched according to the founders' long-term vision for the project.

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