Investments
184Portfolio Exits
21Funds
10Partners & Customers
1
Want to inform investors similar to Two Sigma Ventures about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Expert Collections containing Two Sigma Ventures
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find Two Sigma Ventures in 1 Expert Collection, including Synthetic Biology.
Synthetic Biology
382 items
Research containing Two Sigma Ventures
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Two Sigma Ventures in 10 CB Insights research briefs, most recently on Feb 7, 2023.

Jul 8, 2021 report
How Robinhood Makes Money
Dec 17, 2020 report
The Tech Building The Next-Gen Smart HomeLatest Two Sigma Ventures News
Feb 13, 2023
C3 , a next-generation self-custodial exchange, today announced a $6 million seed funding round led by Two Sigma Ventures, the venture capital arm of New York-based quantitative hedge fund, Two Sigma. Jane Street, Hudson River Trading, Flow Traders, Jump, DRW’s Cumberland, Golden Tree, CMS Holdings, AlphaLab Capital, and C² Ventures also participated in the round. C3 is a decentralized cryptocurrency exchange designed to bring the digital asset industry in closer alignment with the original vision of an open and trustless financial system, offering a self-custodial platform that is as performant and accessible as centralized cryptocurrency exchanges. Crypto and blockchain technology emerged as a system promising transparency, security, and true ownership, while seeking to avoid past failures of traditional finance. However, the current state of the market has strayed from these principles – the past year revealed crypto’s massive problem with opacity of its market structure from the collapse of major exchanges to the insolvency of yield platforms. “In the wake of this heightened uncertainty and anxiety, there is an opportunity for new entrants to build a more reliable, self-custodial approach to trading leveraging the fundamental innovations of blockchain technology,” said Michel Dahdah, co-founder of C3. “It is clear that the current market structure of cryptocurrency assets is far from where it needs to be to onboard billions of users, let alone completely replace traditional financial markets.” With C3’s unique self-custodial model, traders can employ a trustless way to trade cryptocurrencies, while avoiding many of the insolvency risks that crippled the crypto space. The platform gives investors the freedom to choose how they want to custody their funds, either through a wide range of non-custodial wallets covering multiple blockchains or by using their preferred custodian. This is a major differentiator from traditional exchange platforms, which safeguard user assets in-house, leaving traders with unknown counterparty risks. “For many years, we saw the bundling of many services (e.g., custody, settlement, lending, etc.) into a handful of centralized intermediaries. In the years to come, we believe the crypto market structure will begin to look like many TradFi analogs, in that customer’s funds will sit in siloes where the owners prefer, and critical market functions will be segregated across many separate providers,” said Andy Kangpan, principal at Two Sigma Ventures. “C3 represents a major step in this direction by offering a clear separation of custody from exchange, without traders having to sacrifice on performance or pricing.”
Two Sigma Ventures Investments
184 Investments
Two Sigma Ventures has made 184 investments. Their latest investment was in Hexagon Bio as part of their Series B on February 2, 2023.

Two Sigma Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/13/2023 | Series B | Hexagon Bio | $77.3M | No | 8VC, CPP Investments, Nextech, The Column Group, Two Sigma Ventures, and Undisclosed Investors | 2 |
2/10/2023 | Seed VC - II | C3 | $6M | Yes | 7 | |
2/2/2023 | Series A | Freeform | $45M | Yes | 3 | |
1/17/2023 | Series A | |||||
12/21/2022 | Series B |
Date | 2/13/2023 | 2/10/2023 | 2/2/2023 | 1/17/2023 | 12/21/2022 |
---|---|---|---|---|---|
Round | Series B | Seed VC - II | Series A | Series A | Series B |
Company | Hexagon Bio | C3 | Freeform | ||
Amount | $77.3M | $6M | $45M | ||
New? | No | Yes | Yes | ||
Co-Investors | 8VC, CPP Investments, Nextech, The Column Group, Two Sigma Ventures, and Undisclosed Investors | ||||
Sources | 2 | 7 | 3 |
Two Sigma Ventures Portfolio Exits
21 Portfolio Exits
Two Sigma Ventures has 21 portfolio exits. Their latest portfolio exit was NS1 on March 01, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/1/2023 | Acquired | 2 | |||
2/22/2022 | Acquired | 3 | |||
12/15/2021 | Acquired | 2 | |||
Date | 3/1/2023 | 2/22/2022 | 12/15/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 3 | 2 |
Two Sigma Ventures Fund History
10 Fund Histories
Two Sigma Ventures has 10 funds, including Two Sigma Ventures IV.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
9/14/2022 | Two Sigma Ventures IV | 1 | |||
9/14/2022 | Two Sigma Ventures Opportunity Fund II | 1 | |||
11/9/2020 | Two Sigma Ventures Co-Invest Fund, LLC - Investment Series 5 | $0.85M | 1 | ||
9/1/2020 | Two Sigma Ventures Co-Invest Fund- Investment Series 4 | ||||
6/4/2020 | Two Sigma Ventures Co-Invest Fund - Investment Series 3 |
Closing Date | 9/14/2022 | 9/14/2022 | 11/9/2020 | 9/1/2020 | 6/4/2020 |
---|---|---|---|---|---|
Fund | Two Sigma Ventures IV | Two Sigma Ventures Opportunity Fund II | Two Sigma Ventures Co-Invest Fund, LLC - Investment Series 5 | Two Sigma Ventures Co-Invest Fund- Investment Series 4 | Two Sigma Ventures Co-Invest Fund - Investment Series 3 |
Fund Type | |||||
Status | |||||
Amount | $0.85M | ||||
Sources | 1 | 1 | 1 |
Two Sigma Ventures Partners & Customers
1 Partners and customers
Two Sigma Ventures has 1 strategic partners and customers. Two Sigma Ventures recently partnered with Hamilton Insurance Group, and American International Group on May 5, 2017.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
5/15/2017 | Partner | Bermuda, and United States | AIG and TSIQ will enter into a partnership to leverage TSIQ 's insurance-focused data science and technology expertise for a broad spectrum of commercial insurance underwritten globally by AIG . | 3 |
Date | 5/15/2017 |
---|---|
Type | Partner |
Business Partner | |
Country | Bermuda, and United States |
News Snippet | AIG and TSIQ will enter into a partnership to leverage TSIQ 's insurance-focused data science and technology expertise for a broad spectrum of commercial insurance underwritten globally by AIG . |
Sources | 3 |
Two Sigma Ventures Team
4 Team Members
Two Sigma Ventures has 4 team members, including current Managing Director, Villi Iltchev.
Name | Work History | Title | Status |
---|---|---|---|
Villi Iltchev | August Capital, Box, NortonLifeLock, Salesforce, Hewlett Packard Enterprise, Merrill, and PwC | Managing Director | Current |
Name | Villi Iltchev | |||
---|---|---|---|---|
Work History | August Capital, Box, NortonLifeLock, Salesforce, Hewlett Packard Enterprise, Merrill, and PwC | |||
Title | Managing Director | |||
Status | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.