50 Blockchain & Crypto VC Funds List in 2025
One of the biggest pain points for blockchain founders is securing funding. The journey from an innovative idea to a fully developed product requires not just technical expertise but also financial backing. However, navigating the complex world of venture capital can be overwhelming, especially with the evolving landscape of blockchain investments.
To help you kickstart your project, we’ve compiled a list of 50 blockchain and crypto-focused VC funds actively investing in 2025. Whether you're building a decentralized exchange (DEX), DeFi protocol, or any other Web3 solution, these investors specialize in supporting blockchain startups at various stages.
From early-stage seed funding to later rounds, these VC funds can provide not just capital but also strategic guidance, networking opportunities, and industry expertise. Let’s dive into the list and explore which investors might be the perfect fit for your project.
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HashKey Capital
HashKey Capital is a pioneering force in the digital asset and blockchain space, supporting innovative projects since 2015. They invest in top teams across all stages, offering equity and token backing. With a focus on the entire blockchain stack and diverse sectors, from ZK technology to NFTs, they're driving global adoption in this transformative industry.
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Pantera Capital
For over a decade, Pantera has been a key player in digital asset and blockchain investments, offering comprehensive exposure to the industry since 2013. Pioneering the space, Pantera introduced the first U.S. cryptocurrency fund when Bitcoin was valued at $65/BTC. Following this success, they launched the inaugural blockchain-focused venture fund. In 2017, Pantera further solidified its position by being the first to introduce an early-stage token fund. With investment options spanning venture equity and tokens, including early-stage and liquid tokens, Pantera provides investors with diverse opportunities to engage with the evolving blockchain landscape.
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Brevan Howard Digital
Founded in 2002, Brevan Howard is a prominent global macro hedge fund with over $26 billion in assets under management. They have expanded into the crypto and digital asset space with Brevan Howard Digital, launched in 2021. Brevan Howard Digital focuses on investments in blockchain infrastructure, DeFi protocols, and Web3 technologies. They co-led a $69 million funding round for Berachain, a DeFi-focused Layer 1 blockchain. They are also experimenting with the intersection of AI and blockchain, seeking opportunities in areas like decentralized AI and on-chain virtual assistants.
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Selini Capital
Founded in 2021 by Jordi Alexander, Selini Capital focuses on systematic trading, liquidity provision, and venture investing in the digital assets sector. They provide liquidity across centralized and decentralized exchanges and invest in early-stage blockchain startups. They look for projects with strong teams, innovative technology, and the potential to disrupt traditional finance. They actively invest in DeFi protocols and infrastructure projects.
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Faction
Launched in 2022 as a joint venture with Lightspeed Venture Partners. They focus on pre-seed and seed rounds with an average check size of $5-10 million. They seek to back founders building innovative solutions in Web3, DeFi, and blockchain infrastructure. Their portfolio includes investments in infrastructure, DeFi, Web3, and gaming projects like Lens Protocol and Crossmint.
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Cumberland
Cumberland is a global crypto liquidity provider operating under DRW since 2014. They offer OTC spot and derivatives trading for institutional clients and invest in blockchain startups through Cumberland Labs, a global incubator. They focus on DeFi, Web3 infrastructure, and projects with real-world applications. Cumberland VC leverages its expertise in trading and market making to support portfolio companies.
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Delphi Ventures
Founded in 2018, Delphi VC is a research-driven investment firm focused on the decentralized web. They invest in various sectors, including DeFi, Web3 infrastructure, gaming, and artificial intelligence. With over 150 investments and a retail ROI of over 200x, they are known for their in-depth research and data-driven approach . Delphi VC actively participates in funding rounds and co-invests with other prominent funds in the space.
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Mirana VC
Mirana is an early-stage crypto fund with ties to Bybit and BitDAO, investing in companies building a decentralized future. They focus on seed and Series A rounds with investments ranging from $200k to $20 million. Their portfolio includes investments in Layer-1 and Layer-2 solutions, DeFi, and Web3 infrastructure. Mirana VC has a strong focus on Bitcoin scaling and Layer-2 solutions, with significant investments in projects like Improbable and zkSync.
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Paper Ventures
Paper Ventures is a $25 million early-stage crypto fund launched in 2024. They focus on pre-seed and seed investments in blockchain startups, with a portfolio that includes projects like Raise, a gift card crypto platform, and Vanilla Finance, a Telegram-based decentralized exchange. Paper Ventures actively seeks out promising early-stage projects and provides support to portfolio companies.
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Union Square Ventures
Founded in 2003, Union Square Ventures is a prominent venture capital firm with a strong track record in early-stage investments. They have backed successful companies like Twitter, Etsy, and Coinbase. They invest in various sectors, including Web3 infrastructure, DeFi, and social networks. Union Square Ventures has a history of successful investments and actively participates in funding rounds for promising startups.
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Polychain Capital
Polychain Capital (Polychain) is a San Francisco-based American crypto VC fund specializing in cryptocurrency and blockchain technology investments. With a focus on delivering outstanding returns to investors, Polychain actively manages portfolios comprised of blockchain assets.
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The Spartan Group
Established in 2017, Spartan Group emerges as a prominent figure in the Web3 arena, spearheading ventures and investments within the space. Renowned as one of the most dynamic venture investors, Spartan Group has lent support to numerous pioneering crypto enterprises and networks. Beyond venture investments, the firm excels in Web3 mergers and acquisitions, as well as capital raises, capitalizing on its proven track record collaborating with top-tier teams, profound understanding of the crypto sector, and extensive network to foster collective value alongside visionary founders.
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Andreessen Horowitz
Andreessen Horowitz, commonly known as a16z, is a renowned venture capital firm championing visionary entrepreneurs shaping the future through technology. They invest in a wide spectrum of technology companies, spanning from seed-stage startups to growth-stage enterprises. Their investment scope encompasses diverse sectors including AI, bio and healthcare, consumer, crypto, enterprise, fintech, games, and infrastructure. With an impressive $42 billion in assets under management across various funds, a16z stands as a prominent force in the venture capital landscape.
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Multicoin Capital
Multicoin Capital operates as a thesis-driven crypto VC fund specializing in cryptocurrencies, tokens, and blockchain companies poised to reshape trillion-dollar markets. Managing a hedge fund and multiple venture funds, they invest across both public and private markets. Since its establishment in May 2017, Multicoin Capital has earned a reputation for its forward-thinking approach and independent mindset.
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Sequoia Capital
Sequoia Capital is a prominent American venture capital firm that focuses on seed-stage, early-stage, and growth-stage investments in private companies spanning various technology sectors, including blockchain technology.
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Coinbase Ventures
Coinbase Ventures is committed to investing in founders who share their mission of global economic freedom. They support entrepreneurs driving innovation across the crypto and Web3 ecosystem, partnering with early-stage teams across various sectors within the crypto economy. With investments spanning diverse areas such as protocols, infrastructure, finance, NFTs, and more, Coinbase Ventures provides strategic support to founders through operational expertise and collaborative partnerships.
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Galaxy
Galaxy is a crypto VC fund that offers a comprehensive suite of financial services and products tailored to digital asset investors' needs. With $7.8 billion in Assets Under Management (AUM) across active, passive, and venture strategies as of March 2024, Galaxy demonstrates significant expertise in the sector. Their active funds are managed by crypto experts with extensive experience in traditional markets, providing diversified investments across protocols, scaling solutions, DeFi, gaming, and web3 infrastructure. Passive funds offer exposure to established digital assets and emerging trends, while venture funds encompass a stage-agnostic portfolio spanning various sectors within the digital asset space.
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Blockchain Capital
Blockchain Capital is a crypto VC fund focused on investing in companies leveraging blockchain technology. Pioneering in 2013, they initiated the first venture capital fund dedicated to crypto builders. Now, with over $2 billion in assets under management, they actively invest from their sixth multi-stage fund. Emphasizing founder support, Blockchain Capital prioritizes industry experience, thorough research, and placing founders and their teams at the forefront of their investment approach.
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DragonFly Capital
DragonFly Capital, headquartered in the US, is actively involved in global investments and provides original crypto research and analysis for investors. With over a decade of experience in investing and building in the crypto space, they are true crypto-natives. Established in 2018, DragonFly leverages its access and influence to assist crypto teams with global aspirations in finding innovation and adoption worldwide.
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Paradigm
Paradigm is a research-oriented technology investment firm specializing in crypto and related technologies at the forefront of innovation. With a flexible investment range spanning from $1 million to over $100 million, Paradigm is involved in companies and protocols at various stages, often engaging at the earliest phases and providing ongoing support to portfolio companies. Their approach is deeply hands-on, offering comprehensive assistance across technical aspects such as mechanism design, security, and engineering, as well as operational areas including recruiting, go-to-market strategies, and legal and regulatory considerations.
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OKX Ventures
OKX Ventures, armed with $100 million in initial capital, is a crypto VC fund focused on identifying promising blockchain projects. Their investment scope includes blockchain infrastructures, Layer2 solutions, DeFi, Web3, NFTs, and the Metaverse. They aim to support global blockchain innovation and sustainable industry growth, offering expertise and resources to passionate founders. Their investment targets span basic infrastructure, trading/financial projects, decentralized applications, and Web3 tools.
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GBV Capital
GBV Capital is committed to investing in, developing, and creating blockchain projects that shape the future. Their mission is to support and invest in capable teams dedicated to leveraging blockchain technology for positive change and meaningful solutions. GBV Capital aims to enable full-stack partnerships with projects, empowering them to realize their vision for a better future through blockchain innovation.
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Polygon Ventures
P2 Ventures is committed to backing visionary teams within the multichain ecosystem, providing early-stage investments across all categories in web3. They adopt a collaborative approach to support founders, offering comprehensive 360-degree assistance leveraging Polygon's strengths in operations, technology, distribution, and strategic partnerships.
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Sfermion
Sfermion is a multi-strategy investment firm with a focus on the immersive internet. Their mission is to hasten the rise of the metaverse by investing in companies and founders shaping our digital future. Sfermion targets investments in intelligent, interactive, and immersive technologies designed for both consumers and enterprises.
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Bitscale Capital
Bitscale Capital is dedicated to supporting exceptional founders and investing in teams and solutions that revolutionize transparency and efficiency in various sectors. Their focus lies in leveraging cutting-edge technologies to drive innovation and improvement across different industries.
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Bitkraft Ventures
BITKRAFT Ventures is a global investment platform specializing in Synthetic Reality, the realm where the physical and digital worlds intersect. Rooted in video games, gaming technology, Web3, and AI, BITKRAFT was founded by gamers, for gamers. Their investment focus spans Seed, Series A, and Series B stages across gaming, interactive media, and related technologies. With a legacy of thought leadership spanning three decades and guided by seasoned entrepreneurs, BITKRAFT boasts a global presence and strategic network.
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Arrington XRP Capital
Arrington Capital is a crypto VC fund focused on digital assets and Web3. Since 2017, they've invested in over 200 early-stage companies within the crypto ecosystem. With a crypto-native team comprising seasoned entrepreneurs, founders, and executives, Arrington Capital is dedicated to doubling down on whatever it takes to ensure the success of their partners. They thrive on collaborating with and supporting the best founders in the space.
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Lightspeed Venture Partners
Lightspeed Venture is an investment firm encompassing early-stage, select, and global opportunity funds. With over two decades of experience, Lightspeed has been a pioneering investor, backing some of the world's most innovative companies from their inception. Committed to supporting bold founders with ambitious visions, Lightspeed stands behind its portfolio companies with unwavering conviction, providing steadfast support from Seed to Series F and beyond.
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Draper Dragon
Draper Dragon is a cross-border crypto VC fund bridging Silicon Valley and Asia, seeking early-stage companies poised for industry disruption. With investments in technology leaders like Ledger, they actively support startups in the technology and healthcare sectors. As a core member of the Draper Venture Network, Draper Dragon leverages over two decades of experience to nurture and grow its portfolio companies.
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Maven 11 Capital
Maven 11 is a global crypto VC fund specializing in blockchain and digital assets. As a crypto-native fund, they collaborate with bold innovators who challenge the status quo by reshaping ownership paradigms. Maven 11 concentrates primarily on DeFi, Web3, and infrastructure projects.
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Hashed Fund
Hashed is a global early-stage crypto investment firm. Committed to their role as partners, they are dedicated to the success of their founders and the growth of the blockchain ecosystem. Their entrepreneurs are actively identifying and developing new opportunities within the Web3 industry, innovating existing business models through blockchain and frontier technologies, and making a substantial impact across diverse sectors including finance, gaming, and entertainment.
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GameFi Ventures
GameFi Ventures is a venture capital firm specializing in blockchain games, with a keen interest in emerging trends and innovations within the gaming industry. In addition to NFTs, Play-to-Earn (P2E) models, and the Metaverse, they actively explore other disruptive technologies and concepts shaping the future of gaming.
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Digital Currency Group (DCG)
DCG Group holds substantial stakes in many significant names within the crypto ecosystem, including Coinbase, Circle, Ledger, Kraken, and Ripple. As a leading investor and operator in the crypto industry, DCG has been actively investing since 2012, supporting visionary minds across various sectors such as web3 development, the metaverse, DeFi, exchanges, enterprise blockchain, and other areas within the blockchain ecosystem.
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Solana Ventures
Solana Ecosystems is committed to advancing the crypto ecosystem by offering funding to the most promising teams. They prioritize projects that enhance the growth of the Solana blockchain and its associated ecosystems. Since October 2022, Solana Ecosystems has invested in many projects spanning gaming, decentralized finance (DeFi), and blockchain innovation.
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IDEO CoLab Ventures
Since 2015, IDEO CoLab Ventures has been partnering with visionary founders at the earliest stages to aid in the creation of products and protocols that resonate with users. Their focus areas include rearchitecting the Internet, open financial systems, and the future of work and play, encompassing the development of tools, infrastructure, decentralized products, services, and experiences that shape the next generation of the Web and foster more open financial systems while facilitating connection and coordination among individuals in various aspects of work and play.
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CoinFund
CoinFund is led by cryptonative technologists who invest in emerging trends. With a track record of early and accurate investments, rooted in deep technological understanding, they've excelled since 2015. CoinFund demands excellence in every investing process, delivering remarkable results for both portfolio companies and investors at an institutional level, setting the standard for professional firms in web3.
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Nascent
Nascent comprises builders supporting early-stage founders in shaping products and primitives for an open financial ecosystem. With investments spanning venture and liquid strategies, they leverage their deep engagement within the crypto ecosystem to contribute to its development. This collective of builders, investors, and explorers shares a unified mission to advance crypto by constructing essential infrastructure and primitives.
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Tribe Capital
Tribe Capital, established in 2018, is a prominent investment firm managing over $1.6 billion in assets under management. Their approach centers on utilizing product and data science to engineer N-of-1 products, companies, and investments. Tribe Capital concentrates on identifying and amplifying early-stage product-market fit, aiming to discover companies with the potential to become singular entities in their respective markets.
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RockawayX
RockawayX provides comprehensive support to the pioneers of tomorrow through a value proposition encompassing venture investing, engineering, and liquidity provisioning. With assets totaling $1.8 billion across asset management and engineering divisions, they prioritize accelerating product shipments for Web3 projects.
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Double Peak Group
Double Peak Group, established in 2017, is a trailblazing crypto venture capital fund with a broad investment scope across the digital asset ecosystem. Their comprehensive and dynamic approach spans various sectors, including asset management, banking & payments, cross-chain bridges, DeFi, infrastructure protocols, investment funds, gaming/metaverse, NFTs, privacy/security, and web+ social protocols. With an extensive and expanding footprint, Double Peak Group is committed to driving innovation and growth within the digital asset space.
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IOSG Ventures
Established in 2017, IOSG Ventures is a pioneering crypto fund dedicated to shaping the future of Web3. As a research-driven firm, they collaborate closely with founders to develop community-friendly protocols poised to revolutionize the crypto landscape. IOSG Ventures is deeply passionate about investing in crypto-native paradigms with transformative potential across various sectors, including infrastructure, middleware, security, gaming, and social platforms.
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Electric Capital
Electric Capital focuses on investing in crypto founders from the earliest stages and beyond, offering both equity and token investments. Leveraging their deep expertise in governance frameworks, Electric Capital actively engages with founders to provide support. They take a proactive approach to connecting exceptional founders with communities, fostering collaboration and growth within the crypto ecosystem.
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Parachain Ventures
Parachain Ventures is a blockchain fintech VC fund specializing in investments in blockchain and Web3 technologies. Parachain Ventures consistently backs high-class and innovative projects globally that demonstrate the potential to make a significant impact in the blockchain space. Notably, the firm's unparalleled research and business development efforts have attracted attention, while its solid expertise contributes to the steady growth of invested projects, ranging from Layer 2 Solutions to GameFi.
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Alchemy Ventures
Alchemy Ventures is dedicated to investing in teams developing revolutionary products for the Web3 ecosystem. Their mission revolves around providing developers with the fundamental building blocks necessary to shape the future of technology. Through Alchemy Ventures, they aim to accelerate this mission by allocating financing and resources to the most promising teams fostering growth within the Web3 ecosystem.
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C² Ventures
C² Ventures adopts a chain-agnostic strategy, making early-stage investments across all major layer 1 and layer 2 ecosystems. Their focus lies in empowering builders with both capital and operational expertise to develop and scale the next generation of Web3 and Metaverse applications.
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Kraken Ventures
Kraken Ventures operates as an independent strategic partner of Kraken, one of the leading crypto platforms, dedicated to supporting the ecosystem. They invest in businesses and projects situated at the intersection of the FinTech and blockchain/crypto revolutions, aiming to redefine digital interactions for consumers and businesses alike. Leveraging their partnership with a trusted leader in digital currency exchanges, Kraken Ventures provides support for global growth, product and partnership development, and strategy implementation for their portfolio companies.
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Gate Ventures
Gate Ventures, the venture capital arm of Gate.io, prioritizes investments in decentralized infrastructure, ecosystems, and applications poised to transform the digital landscape. Collaborating with industry leaders worldwide, they provide assistance to promising teams and startups with innovative ideas aimed at redefining social and financial interactions. As a long-term investor, Gate Ventures is dedicated to supporting its portfolio companies in product development, operational scaling, and global expansion. Their focus areas include decentralized infrastructure, ecosystems, DeFi, NFTs, gaming, and other decentralized applications.
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Slow Ventures
Slow Ventures, an early-stage focused crypto VC fund with bases in San Francisco, Boston, and New York, adopts a generalist approach, investing in the earliest stages and ideas. They hold the belief, supported by their experiences, that significant achievements often require time to inflect, emphasizing their commitment to backing exceptional founders throughout their journey. Over the past decade, Slow Ventures has participated in the earliest rounds of over 500 companies, demonstrating their extensive involvement in fostering innovation and growth.
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Variant Fund
Variant is a venture capital fund committed to investing in the Internet where users become owners. Their unique approach involves having their funds owned by the founders they back, thereby aligning interests closely. Their investor base includes over 100 distinguished individuals from the realms of web3, crypto, and technology, ensuring a diverse pool of expertise and insight.
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Standard Crypto
Standard Crypto, founded by individuals immersed in the space since 2012, operates as a crypto VC fund with extensive experience in elite company-building and profound expertise in crypto. Their focus lies in serving entrepreneurs and communities leveraging blockchains to transform the internet, marketplaces, and financial systems. With a firm belief in the pivotal role of crypto in powering the most significant tech startups of the next decade, Standard Crypto is dedicated to supporting and driving innovation in the field.
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