Entropy
Several pivots, then a promise to return leftover backing
A San Francisco startup building decentralised crypto custody on multiparty computation, letting users set their own rules for moving funds across blockchains, later a crypto automation platform.
- Capital raised (announced)
- Estimated
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Pre-seed | 2022 | Not disclosed | |
| Seed | 2022 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Tux Pacific | Unknown – Jan 2026 | Not established | Oct 2026 |
Timeline
8 June 2022
The company said it did not yet have a business model and would build the product before thinking about monetization.
2025
Automated transaction signing with threshold cryptography, trusted execution environments and AI integrations, pitched as a crypto equivalent of Zapier.
25 January 2026
How it ended
In January 2026 founder and chief executive Tux Pacific announced on X that Entropy was closing after four years, several pivots and two rounds of layoffs, and returning its remaining capital to investors. Pacific said early feedback on its last product, a crypto automation platform, showed the business model was not venture scale, leaving a choice between another pivot and closing.
Still alive
Open spot
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Sources
7 sources behind this page.
- 1Crypto Custodian Entropy Raised $25M in Seed Round Led by Andreessen Horowitz · Coinspeaker · Jun 2022
- 2Crypto Custody Startup Entropy Shuts Down, Returns Capital After $27M Raised · Crypto News Australia · Jan 2026
- 3Entropy announces $25 million seed round led by Andreessen Horowitz · The Block · Jun 2022
- 4Entropy, a16z-backed decentralized custody startup, is winding down and returning capital to investors · The Block · Jan 2026
- 5Latest posts by @__tux · tux pacific on X (account id 2847908558), retrieved via twitterapi.io
- 6tux pacific (@__tux) account record · tux pacific on X (account id 2847908558), retrieved via twitterapi.io
- 7Search of @__tux posts mentioning Entropy, 1 January to 15 February 2026 · X, retrieved via twitterapi.io · Jan 2026
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.