Donut, the first agent Crypto browser to integrate wallets, networks and DEXS, has shut down a $7 million seed round led by Hongshan (formerly China), Bitkraft and HackVC. The round also saw support from Sky9 Ventures, Matrix Partners, Makers Fund, Altos, Orthogonal Ventures, Vessel Ventures and Sonicsvm.
New York-based Donut wants to change the way people (and AI agents) use the internet. The browser is built for crypto-native activities. Exchange tokens, place bets, earn yields, all without bounce between tabs.
CEO Chris Zhu said: “We are grateful to investors who shared our vision. With their backing, we are rebuilding the internet frontend and rebuilding the super fusion over AI-Aigents. Traditional browsers have not changed for over 30 years.
So, what exactly is a donut browser?
Most browsers were built for reading and research. Donuts flip that idea – it’s action-first. The browser acts as a control center where users (or agents) can perform Crypto transactions in real time, track tokens, earn yields, and place bets.
Unlike traditional setups where tools are fragmented, donuts draw everything into a single interface: wallets, networks, distributed exchanges (DEX). It is also built on the Codeact Framework, using something called a headless browser system and what is called an MCP client, and using something that automates the tasks of the agent.
Tim Fan, the chief scientist who previously worked for CMU and Meta AI, explains the long game. “Our vision is that cryptographic execution is completed by agents. To do that, we are building the best intra-domain models and swarms of browser agents across complex environments.
In obvious terms, they are training AI agents to move quickly, make wise decisions, and get things done with cryptography. The browser is home-based.
Why is this important?
Donuts have established themselves as the next major front-end in the chain economy. The more users (or their AI agents) want more users (or their AI agents), whether they earn yields, trades, or respond to real-time news, the more they want, the more they value being able to offer by automating actions that skip and automate friction.
With Crypto moving rapidly and attention shrinking, donuts aim to bridge the gap between interest and behavior. The click changes to a transaction. Curiosity turns into outcomes.
Headquartered in New York, Donut Lab was founded by a team with experience in Meta AI, Tiktok AI, Tencent AI, Sonics and Sahara AI. Their advisors include Professor Xi Chen, NYU Stern, and former meta researcher Tim Fan. Their goal? Build a go-to running layer for all on-chain.
What’s next?
The company is building quickly and strives to grow its team. Donuts employs a full range of people, from product managers to AI researchers, video editors and illustrators, to expand both their development and the community.
If you want to know what Crypto browsing looks like right away, you can join our waitlist for early access.
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