Naval Ravikant’s Latest Investment Portfolio: 5 Companies to Watch

3. Anchorage

Anchorage operates as a digital asset platform that offers custody, trading, and financing services. The company was founded in 2017 by Diogo Monica and Nathan McCauley. Ravikant invested in the firm in 2019. In late 2020, in a Series C funding round, the firm raised over $80 million. In December 2021, in a Series D round, it managed to raise over $350 million. The startup is now valued at over $3 billion. Anchorage lets users trade crypto assets in addition to offering a custody solution to big institutions. 

Anchorage has gained prominence as a reliable crypto trader for big companies. For example, when payments giant Visa bought an NFT in August 2021 for around 50 Ethereum, the transaction was carried out by Anchorage. Some of the other prominent investors in the startup include Goldman Sachs, Alameda Research, Andreessen Horowitz, and others. In 2021, as NFTs and crypto assets exploded in popularity, Anchorage increased its client by an impressive 96%. The firm also has a federal banking charter.