Top 14 Venture Capital Firms Investing in Blockchain

For founders preparing to raise capital, understanding the key investors in the blockchain space is crucial. The right venture capital firm offers more than just funding; they provide industry-specific expertise and connections that are vital in the crypto and web3 sectors.

To help you identify potential partners, our team has curated this overview of the top blockchain VC firms. This guide is designed to give you a clear, quick summary of the most active investors, from seed to later-stage venture capital firms.

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Which VC Firms in Blockchain Are Right for Your Stage?

Whether you're an early-stage company or preparing for an exit, it helps to know who to talk to. This is a quick overview of which blockchain VC firms invest at each stage.

Pre-seed and Seed VC Firms in Blockchain

Pre-seed and seed funding are the earliest stages of venture capital, typically used to help you develop an idea, build a minimum viable product, and find initial market fit. Among the many seed VC firms, some well-known technology venture capital firms focusing on this stage are Robot Ventures and Race Capital.

Early Stage VC Firms in Blockchain

Early-stage venture capital firms generally invest in companies that have already demonstrated traction, often through Series A or Series B rounds, to help them scale operations and growth. For founders seeking early stage venture capital firms, our database of VC firms shows that CMT Digital, Framework Ventures, and Ripple are active investors in this space.

Late Stage VC Firms in Blockchain

Late-stage funding is for established companies looking to expand into new markets, make acquisitions, or prepare for an exit like an IPO. If you're approaching this phase, you might connect with late stage VC firms like Blockchain Capital or Legendary Ventures.

It's also worth noting that many of the most active venture capital firms, including some famous US VC firms from Silicon Valley to New York, invest across all funding stages.

Here is a closer look at the top VC firms in the blockchain sector. We've included key details about their investment stages, geographic focus, and what makes each firm a compelling choice for founders like you.

1. Coinbase

As one of the world's largest crypto exchanges, Coinbase's venture arm invests strategically to support the growth of the open financial system. They are a publicly traded company with deep roots in the industry, backing projects that build out the digital economy.

Coinbase Ventures focuses on investments in companies building foundational web3 protocols and infrastructure. Their portfolio includes category-defining companies like OpenSea and Uniswap, and they often invest in projects that are technically aligned with their own product development, such as the Optimism stack that powers their Base network.

This firm is an ideal partner if you are building core crypto infrastructure or applications that can benefit from the scale of the Coinbase ecosystem. Founders seeking a strategic investor with significant technical depth and distribution power will find a strong match here.

• Investment stages: Invests across all stages
• Industries of focus: Bitcoin, Blockchain, Cryptocurrency, FinTech, Trading Platform
• Geographical presence: San Francisco, California, United States
• Founded: 2012
• Notable portfolio companies: OpenSea, Uniswap, Arbitrum, Optimism, StarkWare
• Number of investments: 41

You can refer to their website here.

2. Ripple

Ripple is a technology company focused on improving global payments through blockchain and crypto solutions. They build tools for cross-border transactions and crypto liquidity, and work with central banks on digital currencies.

Their venture arm invests in companies that align with this mission, particularly in enterprise software and infrastructure. Their portfolio shows a focus on practical applications, backing companies like AI agent builder Voiceflow and logistics platform Rose Rocket.

This firm is a good fit if you are building technology for the financial or logistics sectors, especially with a B2B model. Founders who value a strategic partner with deep expertise in payments and enterprise systems will find Ripple's approach beneficial.

• Investment stages: Early Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, FinTech, Payments, Web3
• Geographical presence: San Francisco, California, United States
• Founded: 2012
• Notable portfolio companies: Voiceflow, Rose Rocket, and ZenHub are among their notable investments
• Number of investments: 44

You can refer to their website here.

3. Paradigm

Paradigm is a research-driven investment firm that backs crypto companies and protocols from their earliest stages. They provide long-term support to founders building new platforms in the digital economy.

The firm’s research-first approach allows them to make informed, high-conviction bets across the crypto space. Their portfolio includes foundational companies like Coinbase, Uniswap, and OpenSea, demonstrating a focus on category-defining projects.

Paradigm is a strong partner if you are building ambitious, technically challenging projects in web3. Founders who value a hands-on, research-oriented investor will find their approach particularly helpful.

• Investment stages: Invests across all stages, from seed to late venture
• Industries of focus: Bitcoin, Blockchain, Cryptocurrency, Ethereum, Web3
• Geographical presence: San Francisco, California, United States
• Founded: 2018
• Notable portfolio companies: Coinbase, Uniswap, Optimism, OpenSea, dYdX
• Number of investments: 126

You can refer to their website here.

4. Blockchain Capital

As one of the first venture firms dedicated to the sector, Blockchain Capital has been investing exclusively in companies building with blockchain technology since 2013.

The firm supports companies across all funding stages and has a track record of backing foundational projects. Their portfolio includes DeFi leader Aave and Anchorage Digital, the first federally chartered digital asset bank in the U.S.

Blockchain Capital is an ideal partner for founders building core financial applications or infrastructure in the crypto space. Teams seeking an investor with deep industry roots and a history of backing market-defining companies will find them a compelling choice.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Crowdfunding, Secondary Market
• Industries of focus: Bitcoin, Blockchain, Cryptocurrency, Finance, FinTech
• Geographical presence: San Francisco, California, United States
• Founded: 2013
• Notable portfolio companies: Aave, Anchorage Digital, Coinbase, Kraken, OpenSea
• Number of investments: 181

You can refer to their website here.

5. Solana

Solana is a high-performance blockchain platform whose corporate venture arm invests in projects that expand its ecosystem. They focus on funding decentralized applications and crypto-native companies building directly on their network.

The firm's investment strategy is centered on strengthening its own platform by backing key players within its ecosystem. Their portfolio features prominent names like the NFT marketplace Magic Eden and Phantom, showing a clear preference for projects that drive user adoption and network activity.

Solana is an excellent match if you are a founder developing applications or infrastructure specifically for the Solana blockchain. Teams that can leverage the platform's speed and contribute to its growing network will find them to be a highly strategic partner.

• Investment stages: Crowdfunding
• Industries of focus: Apps, Blockchain, Cryptocurrency, Finance, FinTech, Virtual Currency
• Geographical presence: San Francisco, California, United States
• Founded: 2017
• Notable portfolio companies: Magic Eden, STEPN, Jito Labs, Phantom, Metaplex
• Number of investments: 25

You can refer to their website here.

6. Robot Ventures

Robot Ventures is an early-stage investment firm that backs companies in fintech and the blockchain industry. They concentrate on pre-seed and seed rounds, providing the initial capital for founders to develop their products and find market fit.

The firm shows a clear preference for technically complex projects, supporting foundational companies like Ethereum restaking protocol Eigenlayer and the pioneering DeFi lending protocol Compound. This focus on core infrastructure signals a product-centric approach, backing the essential building blocks of the digital economy.

Robot Ventures is a strong match for founders with deep technical expertise who are building ambitious protocols. Teams looking for an investor with direct experience building successful DeFi projects will find their background particularly valuable.

• Investment stages: Seed, Early Stage Venture, Initial Coin Offering
• Industries of focus: Fintech, Blockchain
• Geographical presence: New York, New York, United States
• Founded: 2018
• Notable portfolio companies: Eigenlayer, Flashbots, Together AI, Optimism, Compound
• Number of investments: 143

You can refer to their website here.

7. Borderless Capital

Borderless Capital is a Web3-native investment manager that focuses on building and supporting blockchain ecosystems. The firm operates as a venture capital investor, accelerator, and fund of funds, taking a multi-faceted approach to industry growth.

The firm invests across all stages, from seed to late venture, and its portfolio includes high-profile companies like gaming giant Epic Games and metaverse technology company Everyrealm. This signals a broad investment thesis that covers both foundational infrastructure and consumer-facing applications.

Borderless Capital is a good match for founders at any stage who are building within the Web3 space. If your company could benefit from a partner with a broad network and an active role in ecosystem development, their model is worth exploring.

• Investment stages: Invests across all stages from seed to late venture.
• Industries of focus: Blockchain, FinTech, Web3, Financial Services
• Geographical presence: Atlanta, Georgia, United States
• Founded: 2018
• Notable portfolio companies: Epic Games, Everyrealm, Ethernity Chain, Hypernative, Mountain Protocol
• Number of investments: 152

You can refer to their website here.

8. Framework Ventures

Framework Ventures is a venture capital firm that invests in companies building foundational blockchain technology. They concentrate on early-stage founders creating the core protocols and applications for the decentralized web.

The firm is known for its focus on DeFi infrastructure, investing in projects that become integral parts of the ecosystem. Their portfolio includes foundational companies like the oracle network Chainlink and the lending protocol Aave, demonstrating a strategy of backing core building blocks.

Framework is a great partner if you are building essential components for the crypto economy, especially in DeFi. Founders who value a hands-on investor with a deep understanding of protocol-level development will find their approach highly beneficial.

• Investment stages: Seed, Early Stage Venture, Initial Coin Offering
• Industries of focus: Blockchain, Cryptocurrency
• Geographical presence: San Francisco, California, United States
• Founded: 2019
• Notable portfolio companies: Aave, Chainlink, Optimism, Celestia, Illuvium
• Number of investments: 143

You can refer to their website here.

9. Race Capital

Race Capital is an early-stage venture fund that invests in foundational infrastructure. They focus on providing seed and Series A capital to companies building the essential tools for the digital economy.

The firm has a clear focus on deep technology, backing companies in AI, cloud infrastructure, and enterprise software. Their portfolio includes high-profile successes like Databricks and the popular note-taking app Goodnotes, showing their ability to identify companies with mass-market appeal.

Race Capital is a strong choice if you are a founder building technically complex infrastructure, especially in the B2B space. Teams with a product-centric approach to solving enterprise problems will find their expertise valuable.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Blockchain, Cloud Infrastructure, Enterprise Software, Web3
• Geographical presence: Palo Alto, California, United States
• Founded: 2019
• Notable portfolio companies: Databricks, Goodnotes, Groq, Vectara
• Number of investments: 44

You can refer to their website here.

10. Coinbase Ventures

As the investment arm of Coinbase, Coinbase Ventures provides capital to early-stage companies in the cryptocurrency and blockchain sectors. Their primary mission is to support the growth of the open financial system by backing promising startups.

The firm invests across all stages but maintains a clear focus on seed-stage companies building foundational protocols and infrastructure. Their portfolio includes high-profile projects like layer-1 blockchains Aptos and NEAR Protocol, showing a clear interest in core web3 technology.

Coinbase Ventures is an ideal partner if you are building core infrastructure that can benefit from strategic alignment with the Coinbase ecosystem. Founders seeking an investor with deep distribution power and technical knowledge will find a strong match here.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Initial Coin Offering
• Industries of focus: Blockchain, Cryptocurrency, Finance, Financial Services, FinTech
• Geographical presence: Oakland, California, United States
• Founded: 2018
• Notable portfolio companies: Polygon, FTX, NEAR Protocol, Aptos, Arweave
• Number of investments: 423

You can refer to their website here.

11. CMT Digital

CMT Digital is a global venture capital firm with roots in proprietary trading, focusing on early-stage investments in the blockchain and web3 sectors. They provide capital to companies building the next generation of financial infrastructure.

The firm's background in trading gives them a distinct perspective on market dynamics and financial technology. Their portfolio includes foundational companies like Coinbase, Circle, and Consensys, showing a history of backing projects that become pillars of the crypto economy.

CMT Digital is a strong partner if you are an early-stage founder building core infrastructure for crypto or fintech. Teams that value an investor with deep expertise in financial markets will find them to be a good match.

• Investment stages: Seed, Early Stage Venture, Convertible Note
• Industries of focus: Blockchain, Cryptocurrency, Financial Services, FinTech
• Geographical presence: Chicago, Illinois, United States
• Founded: 2017
• Notable portfolio companies: Coinbase, Circle, Consensys, BlockFi, Crusoe Energy Systems
• Number of investments: 157

You can refer to their website here.

12. Electric Capital

Electric Capital is a venture capital firm that invests in companies across the cryptocurrency, blockchain, and fintech sectors. They provide capital to founders building foundational protocols and applications for programmable money.

The firm has a history of backing foundational companies that become pillars of the crypto industry, including Web3 infrastructure provider ConsenSys and the global exchange Kraken. Their portfolio demonstrates a focus on both core technology and high-growth applications.

Electric Capital is a good partner for founders building ambitious, technically-driven projects in web3. If you are creating core infrastructure or a platform with the potential for wide adoption, their experience with category-defining companies could be a significant asset.

• Investment stages: Invests across all stages from seed to late venture
• Industries of focus: Blockchain, Cryptocurrency, Financial Services, FinTech
• Geographical presence: Palo Alto, California, United States
• Founded: 2013
• Notable portfolio companies: ConsenSys, Kraken, Magic Eden, dYdX, NEAR
• Number of investments: 115

You can refer to their website here.

13. Bloccelerate VC

Bloccelerate VC operates as both a global accelerator and an investment fund, supporting companies building in the blockchain sector. They focus on providing capital and support to early-stage founders developing new technologies.

The firm has a track record of backing foundational protocols, with investments in major platforms like Ethereum and Avalanche. Their portfolio also includes key infrastructure projects such as the restaking protocol EigenLayer, showing a focus on core web3 technology.

Bloccelerate is a good fit for early-stage founders building core blockchain infrastructure and protocols. Teams seeking a partner with a global reach and experience in crypto-native investments will find their model appealing.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Blockchain, Venture Capital
• Geographical presence: Seattle, Washington, United States
• Founded: 2018
• Notable portfolio companies: Ethereum, Avalanche, EigenLayer, Osmosis, Hedera Hashgraph
• Number of investments: 31

You can refer to their website here.

14. Legendary Ventures

Legendary Ventures is a venture capital firm that invests in consumer retail companies, aiming to accelerate their growth. They operate across multiple stages, from seed funding to private equity, and also function as an accelerator and fund of funds.

The firm is distinguished by its investments in globally recognized consumer brands, including the reusable-rocket company SpaceX and home-sharing marketplace Airbnb. This track record points to a strategy of backing companies with the potential for massive mainstream adoption and brand recognition.

Legendary Ventures is a good match for founders building consumer-focused companies with the potential to become household names. If you are creating a product or service for a broad audience, their experience with high-growth brands could be a major asset.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, Secondary Market
• Industries of focus: Consumer Goods, FinTech, Blockchain, Internet, Impact Investing
• Geographical presence: New York, New York, United States
• Founded: 2019
• Notable portfolio companies: SpaceX, Airbnb, Lululemon, Etsy, FiscalNote
• Number of investments: 22

You can refer to their website here.

What This Tells Us About The VC Scene for Blockchain Companies

Our review of these firms shows that the investor community for blockchain is both deep and varied. You'll find capital available across all funding rounds, from the earliest pre-seed stages to later growth rounds. This balance suggests a mature sector with opportunities for companies at different points in their journey, which is a positive sign as you plan your next steps.

Geographically, however, there is a clear concentration. Many of the most active firms are based in traditional US technology centers, particularly the San Francisco Bay Area and New York. For founders, this information can help focus your fundraising efforts. Knowing where the key players are located is a practical part of building your strategy.

Raise Confidently with Rho

Having a focused list of relevant investors is a major advantage when your time and energy are limited. We hope this guide helps you connect with the right partners for your company's specific needs.

If you’ve just raised, Rho can help you set up your financial stack in minutes. Our platform gives you the tools to manage your new capital with business banking, corporate cards, and bill pay.

We built our financial tools specifically for startup teams that need to operate with speed and control. You can put your funding to work immediately while maintaining clear oversight of your company's finances.

FAQs about Venture Capital Firms Focused on Blockchain

What do early-stage blockchain VC firms look for in a startup?

Early-stage firms typically want to see a strong technical team, a clear problem you're solving, and initial signs of product-market fit. A working prototype or early user traction can significantly strengthen your pitch for Series A funding.

Are there many blockchain venture capital firms in London?

Yes, London is a major hub for fintech and has a growing number of blockchain venture capital firms. The city's strong financial sector and supportive regulatory environment make it an attractive location for both investors and founders in the space.

Which Asian cities are hubs for crypto VC firms?

Singapore and Hong Kong are leading centers for crypto VC firms in Asia. Both cities offer favorable regulatory frameworks and deep pools of capital, attracting many web3 founders and investors focused on the region's market growth.

How do US VC firms outside of Silicon Valley compare?

While Silicon Valley is a key hub, New York has a strong concentration of fintech and crypto investors. Other US cities are also developing specialized VC communities, offering unique networks and expertise relevant to different industries.

How can I find a comprehensive database of VC firms?

You can use platforms like PitchBook, Crunchbase, and Tracxn for detailed databases of VC firms. These resources allow you to filter by investment stage, industry focus, and location to identify the most relevant investors for your company.

What is the first step after my company gets funding?

Once your funding is secured, you need a reliable financial stack to manage it. Rho provides integrated business banking, corporate cards, and bill pay to help you put your new capital to work efficiently.