Top 14 Venture Capital Firms Investing in Web3 Startups

When preparing to raise capital for your Web3 business, understanding the investor scene is a critical first step. The right partner brings more than just funding; they bring specific knowledge of the crypto and blockchain space.

To help you find a good match, our team at Rho created this overview of the top venture capital firms investing in Web3. Use this guide to quickly identify relevant investors as you prepare for your fundraise.

Rho provides access to business banking, corporate cards, and bill pay — built for startup teams moving fast.

Key Takeaways

• Securing venture funding provides Web3 startups with the capital and specialized support needed to develop their technology and grow their business.
• Venture capital firms with a focus on Web3, such as Ripple, Paradigm, Borderless Capital, and Race Capital, are active backers of startups in the industry.
• Once you secure funding, Rho helps you manage your new capital with integrated tools like fast business banking, corporate cards, and automated bill pay.

Which VC Firms in Web3 Are Right for Your Stage?

Whether you're an early-stage company or further along in your growth, knowing which investors to talk to is critical. Here is a quick overview of active Web3 VC firms, organized by their typical investment stage.

Pre-seed and Seed VC Firms in Web3

Pre-seed and seed funding are the earliest forms of capital, generally used to develop an initial product and establish product-market fit. For founders at this point, Web3 VC firms like Race Capital, Archetype, and Reciprocal are active backers.

Early Stage VC Firms in Web3

Early-stage funding, including Series A and B rounds, is for companies with proven traction that need capital to scale their team and operations. Some technology-focused venture capital firms that support this growth phase are Ripple and Canonical Crypto.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

Late Stage VC Firms in Web3

Late-stage rounds provide growth capital for established businesses to expand into new markets, make acquisitions, or prepare for an exit. While many firms are multi-stage, investors like Paradigm and Jump Crypto participate in these later rounds for Web3 companies.

Keep in mind that some of the most active venture capital firms invest across all startup funding stages.

To help you identify the right investors, here is a more detailed look at the top VC firms in the Web3 sector. We've included information on their investment stages, where they invest, and what distinguishes each firm.

1. Ripple

Ripple is a technology company focused on financial infrastructure, providing solutions for cross-border payments and crypto liquidity. As an active investor, the firm also backs early-stage companies in related sectors.

The firm’s strategy centers on its deep expertise in FinTech, with a clear focus on blockchain, payments, and Web3 technologies. While its core is financial technology, its portfolio includes companies like Voiceflow, which builds AI agents for customer support.

Ripple is a good fit if you are a founder building technology in the FinTech or crypto space, especially with applications in payments. Given its background as an operating company, the firm can offer significant technical and industry-specific guidance.

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

You can refer to their website here.

2. Paradigm

Paradigm is a research-driven investment firm that backs crypto companies and protocols from their earliest stages. They are known for taking a hands-on approach, providing support that goes beyond just capital.

The firm's strategy is deeply rooted in research, allowing them to support technically complex projects. Their portfolio includes foundational Web3 companies like Coinbase, Uniswap, and OpenSea, signaling a focus on market-defining infrastructure and applications.

Paradigm is a strong potential partner if you are a founder building protocol-level technology or a project with deep technical challenges. They are well-suited for teams that value a partner with extensive research capabilities and a track record of backing category leaders.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, ICOs
• Industries of focus: Blockchain, Cryptocurrency, Ethereum, Web3, Finance
• Geographical presence: San Francisco, California
• Founded: 2018
• Notable portfolio companies: Coinbase, Uniswap, Optimism, OpenSea, dYdX
• Number of investments: 126

You can refer to their website here.

3. Borderless Capital

Borderless Capital is an investment manager native to the Web3 space, focused on developing and supporting blockchain ecosystems. They invest across the capital stack to help their portfolio companies grow.

The firm invests across all stages, from seed rounds and ICOs to late-stage venture, and operates as a VC, accelerator, and fund of funds. Their portfolio includes major players like Epic Games and metaverse company Everyrealm, showing a broad interest that spans gaming, NFTs, and security.

Borderless Capital could be a good match if you are a founder at any stage building in the Web3, FinTech, or blockchain infrastructure space. Their model as both an accelerator and fund provides a unique support structure for growing companies.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, ICOs
• Industries of focus: Blockchain, Web3, FinTech, Financial Services
• Geographical presence: Atlanta, Georgia
• Founded: 2018
• Notable portfolio companies: Epic Games, Everyrealm, Ethernity Chain, Hypernative
• Number of investments: 152

You can refer to their website here.

4. Race Capital

Race Capital is an early-stage venture fund that invests in companies building foundational infrastructure. They concentrate on seed and early-stage rounds, aiming to be the first partner for technical founders.

The firm’s strategy centers on infrastructure technology, with a portfolio that includes data and AI platform Databricks and AI chip maker Groq. Their track record of backing companies that become market leaders signals a strong ability to identify critical technologies early.

Race Capital is a strong potential partner for founders with deep technical expertise who are building infrastructure-level products. If your company is creating core technology for industries like AI, data, or Web3, their team could be a valuable ally.

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

You can refer to their website here.

5. Archetype

Archetype is a venture firm that backs crypto founders with the goal of advancing a decentralized future. They focus on supporting the next wave of innovators building foundational projects in the space.

The firm's strategy is to support crypto-native founders from the earliest stages. Their portfolio includes major infrastructure players like bitcoin miner Hut 8 Corp. and widely used applications like the decentralized social network Farcaster, showing their commitment across the Web3 ecosystem.

Archetype is a good fit for founders building crypto-native projects at the seed or early stages. Their focus on "backing the next generation" suggests they value dedicated teams with deep conviction in the space.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, Ethereum, Smart Contracts, Web3
• Geographical presence: New York, New York
• Founded: 2021
• Notable portfolio companies: Hut 8 Corp., Farcaster, POAP, River
• Number of investments: 60

You can refer to their website here.

6. Reciprocal Ventures

Reciprocal Ventures is an early-stage firm that invests in the foundational technologies of Web3. Based in New York, they primarily back companies from the seed stage onward, focusing on the future of decentralized finance and blockchain.

The firm has a strong track record of portfolio companies being acquired, including infrastructure projects like Skip Protocol and Rio Network. Their investment in Solana, a major Layer-1 blockchain, also highlights their focus on core Web3 protocols.

Reciprocal could be a great partner if you are an early-stage founder in the Web3 or FinTech space. Their history of successful exits suggests they are skilled at identifying companies with strong potential for acquisition or market leadership.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Web3, Blockchain, Cryptocurrency, Financial Services
• Geographical presence: New York, New York
• Founded: 2016
• Notable portfolio companies: Solana, Radar (acquired), Skip Protocol (acquired), Rio Network (acquired)
• Number of investments: 59
• Number of exits: 5

You can refer to their website here.

7. G20 Ventures

G20 Ventures is a capital partner focused on helping Web3 communities grow. The firm also invests broadly in the consumer, enterprise, and information technology sectors.

The firm invests across all stages, from seed to late-stage, and has a strong history of successful exits like the acquisitions of Fuze and Frame. This track record signals an ability to guide companies toward significant market outcomes.

G20 Ventures could be a good match for founders in Web3, enterprise, or consumer tech who value a partner with a community focus. Their proven exit record makes them a compelling choice for teams at any stage.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Web3, Consumer, Enterprise, Information Technology
• Geographical presence: Boston, Massachusetts
• Founded: 2013
• Notable portfolio companies: Fuze (acquired), Napster, Frame (acquired), Mable
• Number of investments: 51
• Number of exits: 9

You can refer to their website here.

8. Propel

Propel is a venture capital firm that invests in companies building what it calls the "new financial economy." They support founders creating new technologies across financial services, from FinTech and InsurTech to Web3.

The firm's strategy focuses on backing companies with the potential for massive scale, as seen in their portfolio. They have invested in major names like Coinbase and DocuSign, and highlight portfolio companies generating over $100 million in revenue.

Propel is a good fit for founders in the FinTech space who have a clear vision for reaching significant revenue and market leadership. Their multi-stage approach means they can partner with companies from seed to later growth rounds.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: FinTech, Cryptocurrency, Web3, Enterprise Software, InsurTech
• Geographical presence: San Francisco, California
• Founded: 2016
• Notable portfolio companies: Coinbase, DocuSign, Hippo, Groww, Neon
• Number of investments: 62
• Number of exits: 12

You can refer to their website here.

9. Canonical Crypto

Canonical Crypto is an early-stage venture fund that backs founders building foundational technology in the Web3 space. The firm focuses on providing capital to companies creating the core infrastructure for a decentralized internet.

The firm's strategy is centered on infrastructure, backing companies that provide the essential tools and platforms for developers. Their portfolio includes Web3 developer platform Thirdweb and AI compute marketplace Gensyn, showing a clear preference for technically-focused projects.

Canonical Crypto is a good potential partner if you are a founder building core infrastructure for the Web3 ecosystem. They are well-suited for teams with deep technical expertise creating developer-focused tools and platforms.

• Investment stages: Early Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, Web3, Infrastructure
• Geographical presence: San Francisco, California
• Founded: 2021
• Notable portfolio companies: Thirdweb, Gensyn, Notifi, Formfunction
• Fund size: $20 million fund to back infrastructure developers

You can refer to their website here.

10. Streamlined Ventures

Streamlined Ventures is a seed-stage investment firm that backs companies building technical products. They focus on sectors like Data Science, APIs, AI, Software Automation, and Web3.

The firm has a strong track record of backing major companies from their earliest days, including DoorDash, Applovin, and Rappi. With over 50 exits, their portfolio shows a clear ability to identify and support businesses that achieve significant scale.

Streamlined Ventures is a compelling partner for seed-stage founders with deep technical expertise and large market ambitions. Their history of successful IPOs and acquisitions makes them a good fit for teams aiming for a major exit.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Data Science, APIs, Blockchain/Web3, AI, Software Automation
• Geographical presence: Palo Alto, California
• Founded: 2013
• Notable portfolio companies: DoorDash, Applovin, Rappi, Rigetti Computing, Tubi
• Number of investments: 312
• Number of exits: 53

You can refer to their website here.

11. WAGMI Ventures

WAGMI Ventures is a venture capital firm and syndicate that invests in Web3 companies through its collective network. The firm backs projects across the information technology and internet sectors.

Their strategy is highlighted by investments in foundational protocols like EigenLayer and high-throughput blockchains like Sei Network. The portfolio also includes consumer brands like Superplastic, showing an interest that spans from core infrastructure to mainstream applications.

WAGMI Ventures is a good potential partner for founders building in the Web3 space who value a community-driven investment model. Their broad portfolio suggests they are open to both infrastructure and application-layer projects.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investor type: Syndicate, Venture Capital
• Investment stages: Seed, Early Stage Venture
• Industries of focus: Information Technology, Internet, Web3
• Geographical presence: New York, New York
• Notable portfolio companies: EigenLayer, Sei Network, Superplastic, Ether.fi
• Number of investments: 67
• Number of exits: 1

You can refer to their website here.

12. Jump Crypto

Jump Crypto operates as a corporate venture capital firm dedicated to building and backing foundational cryptocurrency infrastructure. The firm invests in projects that support the long-term growth of the blockchain and Web3 ecosystem.

The firm’s strategy is centered on backing high-impact infrastructure, with a portfolio that includes major Layer-1 blockchains like Aptos and Sui. Their investments in projects like the modular blockchain Celestia show a focus on technically ambitious, protocol-level technologies.

Jump Crypto is a good match for founders building core Web3 infrastructure with the potential for massive scale. Because they invest across all stages, from seed to late-stage, they can be a long-term partner for technically-focused teams.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investor type: Corporate Venture Capital
• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, ICOs
• Industries of focus: Infrastructure, Blockchain, Cryptocurrency, FinTech, Web3
• Geographical presence: Chicago, Illinois
• Founded: 2015
• Notable portfolio companies: Aptos, Sui, Celestia, Injective
• Number of investments: 97
• Number of exits: 4

You can refer to their website here.

13. Room40 Ventures

Room40 Ventures is a venture capital firm that partners with founders to advance Web3 adoption. The firm focuses on companies building in DeFi, infrastructure, and Web3 commerce.

The firm’s portfolio shows a focus that extends beyond pure crypto, including investments in climate-tech and telehealth. Notable portfolio companies include DeFi lending platform Maple Finance and crypto derivatives firm Arbelos Markets.

Room40 Ventures is a good match for early-stage founders building in the Web3, DeFi, or infrastructure sectors. Their portfolio suggests an interest in both crypto-native projects and companies applying new technologies to other industries.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Web3, DeFi, Infrastructure, FinTech, Web3 Commerce
• Geographical presence: New York, New York
• Founded: 2017
• Notable portfolio companies: Maple Finance, Scope3, Arbelos Markets, Twentyeight Health
• Number of investments: 24
• Number of exits: 3

You can refer to their website here.

14. C�� Ventures

C² Ventures is an investment firm that backs founders building the next generation of Web3 infrastructure. They focus on supporting teams creating the foundational protocols and platforms for a decentralized future.

The firm's portfolio highlights a focus on core infrastructure, with investments in cross-chain interoperability network Axelar and decentralized RPC provider Pocket Network. This shows a clear interest in the technical building blocks of the Web3 ecosystem.

C² Ventures is a strong potential partner if you are an early-stage founder building core Web3 infrastructure. Teams focused on creating developer tools, protocols, or other foundational technologies will find their approach particularly relevant.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture, ICOs
• Industries of focus: Web3, Cryptocurrency, Finance, Metaverse
• Geographical presence: New York, New York
• Founded: 2021
• Notable portfolio companies: Axelar, Pocket Network, Ancient8, Orderly Network
• Number of investments: 29

You can refer to their website here.

What This Tells Us About The VC Scene for Web3 Companies

This list of investors reveals a healthy variety of funding sources for Web3 companies. While many firms are in hubs like San Francisco and New York, investors are also present in cities like Boston and Atlanta, showing that opportunities exist across different locations.

There is also a strong balance across investment stages. Many firms specialize in seed and early-stage capital, which is critical for initial product development. At the same time, multi-stage investors are available to support companies through later growth rounds. This means you can find partners for nearly every phase of your company's growth.

This balance should give you confidence as you prepare your fundraising strategy. Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

Raise Confidently with Rho

Having a focused list of relevant investors is a significant advantage when your time and energy are limited. This guide is designed to help you target the right partners for your Web3 company.

Once your round is closed, the work of managing that capital begins. If you’ve just raised, Rho can help you set up your financial stack in minutes.

Our platform provides integrated business banking, corporate cards, and automated bill pay. These tools are built to help startups manage and deploy new funding with confidence.

FAQs about Venture Capital Firms Focused on Web3

Which crypto VC firms are in the Bay Area?

The Bay Area is a primary hub for crypto venture capital. It is home to major firms like Paradigm and Race Capital, which invest across all stages and support founders building foundational Web3 technology, protocols, and applications.

Are there active Web3 VC firms in London?

Yes, London is a key center for FinTech and Web3 investment. Firms there actively back companies from seed to growth stages, making it a strong location for founders seeking European capital and access to a mature financial market.

What are the top Miami VC firms for crypto startups?

Miami has become a growing hub for crypto and Web3 companies. The city is home to an increasing number of funds and angel investors focused on backing early-stage founders in the blockchain and decentralized finance sectors.

How can I find a database of venture capital firms?

You can use platforms like Crunchbase, PitchBook, and CB Insights to access comprehensive databases of VC firms. These resources allow you to filter by industry, investment stage, and location to identify relevant investors for your company.

How can Rho help after I secure funding from a Web3 VC firm?

Once your round is closed, our platform helps you manage the new capital. Rho provides integrated business banking, corporate cards, and automated bill pay, giving you the financial tools to deploy funds with confidence and control.