As 2017 brought a massive rise in Initial Coin Offerings (ICOs) and a plethora of blockchain-based startups, it is only natural that a number of investors have made their way into the Web3 industry. From hedge funds to venture capital firms, there are many new players who are looking for the next unicorn in the space. We did some research on some key players within this segment and created the following top 10 Web3 Investor list.
Top Web3 VC Firms
1. Digital Currency Group
It is our view that broad exposure with the optionality to concentrate our focus is a winning strategy. We build service businesses to fill important gaps in the existing market infrastructure. We incubate, acquire, and operate businesses that provide a variety of financial and professional services to financial institutions, corporations, and startups.
Total fund size: $1.3B
2. Blockchain Capital
Blockchain Capital is a leading venture firm in the blockchain industry. In the last 8 years we have made over 125 investments in companies and protocols in the sector, across different stages, geographies and asset types. Our team is comprised of some of the earliest and most active investors in the blockchain industry. Since crypto markets never close, we are focused on conducting deep research and developing investment frameworks 24/7. Although the industry is nascent, we have invested through multiple bear markets, tested out numerous business models and developed one of the longest track records in the industry to date.
Total fund size: $1.8B
Paradigm backs disruptive crypto/Web3 companies and protocols with as little as $1M and as much as $100M+. Every once in a while, a new technology comes along that changes everything. The internet defined the past few decades of innovation. We believe crypto will define the next few decades. Paradigm is an investment firm focused on supporting the great crypto/Web3 companies and protocols of tomorrow. Our approach is flexible, long term, multi-stage, and global. We often get involved at the earliest stages of formation and support our portfolio with additional capital over time. We take a deeply hands-on approach to help projects reach their full potential, from the technical (mechanism design, smart contract security, engineering) to the operational (recruiting, regulatory strategy).
Total fund size: $2.5B
4. Pantera Capital
Pantera launched the first cryptocurrency fund in the U.S. when bitcoin was at $65 /BTC in 2013. The firm subsequently launched the first blockchain-focused venture fund. Pantera co-CIO Joey Krug co-founded Augur, one of the first decentralized applications built on Ethereum. In 2017, Pantera was the first to offer an early-stage token fund.
Founded: 2013 (cryptocurrency fund)
Total fund size: $5.1B
5. Coinbase Ventures
At Coinbase, we’re committed to creating an open financial system for the world. We can’t do it alone, and we’re eagerly rooting for the brightest minds in the crypto ecosystem to build empowering products for everyone. We provide financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way. We’re taking a long term view of the space, and we believe that multiple approaches are healthy and good. Our goal is simply to help the most compelling companies in the space flourish
Brinc is a different breed of venture capital and accelerator firm. Core to our business is our belief that some of the world’s biggest challenges can be solved by entrepreneurs, who we like to call GAME CHANGERS. More game changers will make a positive impact on the world if they are given the right backing. And that’s what we’re here for. To support and mentor founders and their teams from across the world and provide investment to help them grow. Today, we believe that technology focused startups, with the right backing and support can fundamentally change how we move, what we eat, how we feel and where we live for the better.
Total fund size: $180M
7. Binance Labs
Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the wider blockchain ecosystem. Binance Labs is committed to s
Total fund size: $500M
8. Multicoin Capital
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets. We manage a hedge fund and a venture fund, investing across both public and private markets. Since founding the firm in May 2017, we’ve developed a reputation for being forward-leaning, independent thinkers. We are known for pioneering token economic models, valuation methodologies, and challenging long-standing assumptions that the crypto ecosystem takes for granted.
Crypto is the first inherently global asset class, and we’ve built our team around the world, with a presence in Austin and New York City. As a crypto-native fund, we actively participate in networks via staking, keeper operations, liquidations, and more. Moreover, we are intimately familiar with the crypto technology landscape and market structure. We are hands-on investors, and will do everything in our power to maximize the success of our portfolio companies.
Today, we manage long duration capital on behalf of storied venture capital funds, family offices, institutions, and high net worth individuals.
Total fund size: $605M
9. Parafi Capital
ParaFi is a leading crypto-native investment and technology firm founded in 2018, focused on token, venture, and quantitative strategies.
We employ a deeply technical approach to investing, leveraging the protocols and infrastructure we invest behind. We develop smart contracts, engage in protocol governance, and actively contribute to open source communities. As one of the earliest and largest institutional investors in the space, we have backed many of the industry's pioneering innovators and protocols from day zero.
We are a global team of engineers, data scientists, operators, and investors driven by a strong culture of collaboration, a passion for cryptoeconomics, and optimism for the future of the internet.
Total fund size: $1B
Founded in 2018, ICONIUM is a private Company that invests in digital assets and blockchain projects that will lead the decentralized internet era. With over 25 years of experience in the tech and digital industry and more than five years of experience in the blockchain industry, our team has already invested in dozens of projects and analyzed more than 2000 projects over the past 4 years. At ICONIUM, we value curiosity of mind and an entrepreneurial mindset. We are always looking for teams both in the launch and in the growth phase to help them achieve their goals. We are long-term investors and we want to contribute to the growth of projects that will shape the economy of tomorrow.
It is no secret that venture capital firms have been pouring a lot of money into the blockchain and cryptocurrency sector ever since the infamous Bitcoin bull run of 2017. As a result, we now see more than ever before blockchain and cryptocurrency-focused investment funds popping up all over the world.