Top 14 Venture Capital Firms Investing in Web3 Startups

When you're preparing to raise capital for your Web3 startup, understanding the investors in your space is crucial. The right partner brings more than just money; they offer expertise and connections relevant to the crypto and blockchain industry. Finding a good match among the many early-stage VC firms can be a challenge.

To help you prepare, our team at Rho created this overview of top Web3 venture capital firms. This guide gives you a quick summary of active investors so you can focus your fundraising efforts on the firms that matter most to your company.

Just raised, or about to? Set up your financial stack with Rho in minutes. We provide business banking, corporate cards, and bill pay—all built for startup teams moving fast.

Which VC Firms in Web3 Are Right for Your Stage?

Knowing which investors to talk to is helpful at any point in your company's growth, from the earliest stages to a potential exit. Here is a quick overview of the Web3 VC firms that invest at each stage.

Pre-seed and Seed VC Firms in Web3

Pre-seed and seed funding are the earliest forms of capital, typically used to develop your initial product and find market fit. Among the many seed venture capital firms, you might consider approaching firms like Race Capital, Archetype, and WAGMI Ventures, which focus on this foundational stage.

Early Stage VC Firms in Web3

Early-stage funding, which includes Series A and B rounds, is for companies that have traction and are ready to scale their operations and team. For founders at this point, early stage VC firms such as Ripple and Canonical Crypto are active investors in the Web3 space.

Late Stage VC Firms in Web3

Late-stage rounds support established companies preparing for significant growth, a potential public offering, or an acquisition. Some of the most active venture capital firms in this category include Jump Crypto and Paradigm, both of which have experience with mature companies.

Keep in mind that some crypto VC firms, such as Propel and Borderless Capital, 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 outlined their investment stages, geographic focus, and what makes each firm a distinct choice for founders.

1. Ripple

Based in San Francisco, Ripple has been active since 2012 as a technology company with a strategic venture arm. It primarily invests in companies building in the FinTech, blockchain, and payments sectors.

Ripple shows a distinct interest in enterprise technology, with portfolio companies like AI-agent builder Voiceflow and logistics platform Rose Rocket. This focus on B2B software, alongside a successful exit like Harmonize, signals an emphasis on practical, revenue-generating applications.

This firm could be a strong partner if you are building foundational enterprise tools, especially in FinTech or with an AI angle. Founders seeking a strategic investor with deep operational history in global payments may find a good fit here.

• Investment stages: Early Stage Venture
• Industries of focus: FinTech, blockchain, payments, and Web3
• Geographical presence: San Francisco, California
• Founded year: 2012
• Notable portfolio companies: Voiceflow, Rose Rocket, and ZenHub
• Portfolio size: 44 investments

You can refer to their website here.

2. Paradigm

Paradigm is a research-driven investment firm based in San Francisco that supports crypto companies and protocols from their earliest stages. Their research-first approach is a key part of their identity, backing investments with deep technical analysis.

Their portfolio includes foundational Web3 companies like Coinbase, Uniswap, and OpenSea, showing a focus on market-defining infrastructure. This firm is a good match if you are building technically ambitious projects that require a deep understanding of the crypto space.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Initial Coin Offering
• Industries of focus: Cryptocurrency, Blockchain, Web3, and Financial Services
• Geographical presence: San Francisco, California
• Founded year: 2018
• Notable portfolio companies: Coinbase, Uniswap, Optimism, and OpenSea
• Portfolio size: 126 investments

You can refer to their website here.

3. Borderless Capital

Borderless Capital is a Web3-focused investment firm that aims to cultivate strong blockchain ecosystems. Based in Atlanta, they have been actively investing since 2018.

The firm invests across the full company lifecycle, from seed to late-stage rounds, and shows a broad interest within Web3. Their portfolio includes gaming giant Epic Games, metaverse company Everyrealm, and security startup Hypernative, signaling a strategy that covers infrastructure, finance, and consumer applications.

This firm could be a good partner if your company is building anywhere in the Web3 space, regardless of your funding stage. Founders looking for an investor with a wide-ranging portfolio and a focus on ecosystem growth may find a strong fit.

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

You can refer to their website here.

4. Race Capital

Race Capital is an early-stage venture firm from Palo Alto that concentrates on infrastructure technology. They primarily back companies at the seed and early stages of development.

The firm has a strong focus on infrastructure, with portfolio companies like AI-chip maker Groq and data platform Databricks. Their seed investment in Databricks, now a highly valued private tech company, shows their skill in backing foundational technologies from the start.

This firm is a good match if you are building core infrastructure, particularly for enterprise software, AI, or Web3. Founders creating foundational tools for other businesses will likely find their approach and expertise valuable.

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

You can refer to their website here.

5. Archetype

Based in New York, Archetype is a venture firm that backs crypto founders building for a decentralized future. They focus on providing capital at the seed and early stages, supporting companies from their inception.

The firm’s portfolio shows an interest in both infrastructure and consumer products, from bitcoin miner Hut 8 Corp. to the decentralized social network Farcaster. This signals a product-centric approach that values foundational technology and user-facing applications like the POAP protocol.

Archetype could be a strong potential match if you are a founder with a clear vision for a Web3 company. They appear to be a good fit for teams seeking a partner with deep crypto conviction from the very beginning.

• Investment stages: Early Stage Venture, Seed
• Industries of focus: Blockchain, Cryptocurrency, Ethereum, and Web3
• Geographical presence: New York, New York
• Founded year: 2021
• Notable portfolio companies: Hut 8, Farcaster, POAP, and River
• Portfolio size: 60 investments

You can refer to their website here.

6. Reciprocal Ventures

Reciprocal Ventures is an early-stage firm based in New York that invests in the future of Web3. Since 2016, they have focused on backing companies from the seed and early venture stages.

A key aspect of their portfolio is a track record of successful exits, with companies like Radar and Skip Protocol being acquired. This, alongside their investment in the multi-billion-dollar ecosystem Solana, shows a focus on both foundational protocols and companies with clear acquisition potential.

This firm could be a good partner if you are building a company with a clear path to market, either as a standalone business or a strategic acquisition. Founders working on Web3 infrastructure or financial services may find their experience particularly relevant.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, Financial Services, and Web3
• Geographical presence: New York, New York
• Founded year: 2016
• Notable portfolio companies: Solana, Radar (acquired), Skip Protocol (acquired)
• Portfolio size: 59 investments

You can refer to their website here.

7. G20 Ventures

G20 Ventures is a Boston-based firm that has been investing since 2013. They position themselves as a capital partner for growing Web3 communities and invest across the startup lifecycle, from seed to late-stage rounds.

The firm’s portfolio shows a strong history in enterprise technology, with notable exits like Fuze and Frame, both acquired by larger public companies. This track record suggests a focus on building B2B companies with clear paths to acquisition.

G20 Ventures could be a good fit if you are an enterprise founder building a company for a strategic exit. While they express interest in Web3, their experience with B2B software companies is a clear strength.

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

You can refer to their website here.

8. Propel

Propel is a San Francisco-based venture firm that has been investing in what it calls the "new financial economy" since 2016. The firm supports companies across the full funding lifecycle, from seed to late-stage rounds.

The firm shows a clear focus on FinTech and InsurTech, with a portfolio that includes major public companies like Coinbase and DocuSign. Their emphasis on companies with significant revenue signals a strategy geared toward businesses with proven, scalable models.

Propel could be a strong partner if you are a founder in the financial or insurance technology sectors with ambitions for substantial growth. Their track record suggests they are an experienced partner for companies on a path to an IPO or building a large, independent enterprise.

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

You can refer to their website here.

9. Canonical Crypto

Canonical Crypto is a San Francisco-based venture fund that invests in early-stage technology companies. Since its start in 2021, the firm has focused on backing founders who are building new applications on the blockchain.

The firm’s portfolio shows a clear preference for infrastructure companies that provide foundational tools for developers. They have backed businesses like the Web3 platform Thirdweb and the AI compute marketplace Gensyn, signaling a product-centric approach that supports the technical building blocks of the crypto space.

This firm is a good fit if you are a founder building core infrastructure for Web3. Their investments in developer platforms, data analytics tools like Vybe Network, and cross-chain messaging show they value companies that support the broader crypto ecosystem.

• Investment stages: Early Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, and Web3
• Geographical presence: San Francisco, California
• Founded year: 2021
• Notable portfolio companies: Thirdweb, Gensyn, Notifi, and Formfunction
• Portfolio size: 23 investments
• Fund size: $20 million fund closed in 2022.

You can refer to their website here.

10. Streamlined Ventures

Streamlined Ventures is a Palo Alto-based firm that has been making seed-stage investments since 2013. They concentrate on companies working in data science, AI, software automation, and Web3.

A key characteristic of the firm is its large portfolio and significant number of exits, including well-known companies like DoorDash and Tubi. This history suggests a focus on seed-stage companies with clear potential for high growth and a future acquisition or IPO.

This firm could be a good partner if you are a founder building a company with the potential for broad market appeal. Their experience with successful consumer and enterprise platforms suggests they are a good fit for teams aiming for significant scale.

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

You can refer to their website here.

11. WAGMI Ventures

WAGMI Ventures is a New York-based firm that invests in Web3 companies through a collective network of operators and investors. They focus on providing capital at the pre-seed and seed stages, supporting companies from their earliest days.

The firm’s structure as both a venture fund and a syndicate is a key feature, allowing them to draw on a wide community for support. Their portfolio includes foundational protocols like EigenLayer and Sei Network, alongside consumer-facing projects in gaming and digital IP, showing a broad interest across the Web3 sector.

This firm could be a good match if you are a founder building at the earliest stages of Web3 and would benefit from a community-driven investment approach. Their model is particularly helpful for teams seeking broad industry connections and support.

• Investment stages: Pre-seed, Seed
• Industries of focus: Web3, Information Technology, Internet
• Geographical presence: New York, New York
• Notable portfolio companies: EigenLayer, Sei Network, Superplastic, and Azra Games
• Portfolio size: 67 investments
• Investor model: Operates as a syndicate and venture capital fund

You can refer to their website here.

12. Jump Crypto

Jump Crypto is a Chicago-based firm that has been active since 2015, operating as a builder and investor in crypto infrastructure. They focus on developing foundational technology to support the growth of the broader blockchain ecosystem.

The firm invests across all stages, from seed to private equity, and its portfolio is heavily weighted toward ambitious infrastructure projects. Their backing of major Layer-1 blockchains like Aptos, Sui, and Celestia signals a focus on technically demanding companies that form the core of Web3.

This firm is a strong potential partner if you are building foundational protocols or core infrastructure with significant technical challenges. Founders aiming to create market-defining platforms will find Jump Crypto’s deep involvement and builder-centric approach valuable.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, and ICO
• Industries of focus: Infrastructure, Blockchain, Cryptocurrency, and FinTech
• Geographical presence: Chicago, Illinois
• Founded year: 2015
• Notable portfolio companies: Aptos, Sui, Celestia, and Injective
• Portfolio size: 97 investments

You can refer to their website here.

13. Room40 Ventures

Room40 Ventures is a New York-based firm that has been investing since 2017. They partner with founders to catalyze Web3 adoption, with a focus on decentralized finance, infrastructure, and commerce.

The firm’s portfolio shows a notable breadth, from DeFi lending platform Maple Finance to Scope3, a climate-tech startup for the media industry. This signals a strategy that supports both crypto-native projects and companies with tangible, real-world applications.

This firm could be a good match if you are building a company that bridges Web3 technology with established sectors. Founders creating businesses with clear use cases in areas like institutional finance or enterprise data will likely find their approach appealing.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Web3, FinTech, financial services, and logistics
• Geographical presence: New York, New York
• Founded year: 2017
• Notable portfolio companies: Maple Finance, Scope3, Twentyeight Health, and Arbelos Markets
• Portfolio size: 24 investments
• Number of exits: 3

You can refer to their website here.

14. C² Ventures

C² Ventures is a New York-based investment firm that supports founders building the next generation of Web3 infrastructure. Since its start in 2021, the firm has focused on early-stage companies creating foundational protocols and services.

The firm shows a clear interest in projects with strong token-based models, backing core infrastructure like the cross-chain network Axelar and the decentralized RPC provider Pocket Network. These investments, with their significant token market caps, point to a strategy focused on utility and adoption.

This firm is a strong potential partner if you are building essential Web3 primitives, particularly those with a clear token model. Founders working on interoperability, decentralized infrastructure, or DeFi protocols will find their focus aligns well.

• Investment stages: Seed, Early Stage Venture, Initial Coin Offering
• Industries of focus: Web3, Cryptocurrency, Finance, and Metaverse
• Geographical presence: New York, New York
• Founded year: 2021
• Notable portfolio companies: Axelar, Pocket Network, Ancient8, and Orderly Network
• Portfolio size: 29 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Web3 Companies

This list of venture firms shows a healthy and varied funding environment for companies in the Web3 sector. You'll find strong support at the earliest stages, with many investors focused on pre-seed and seed rounds. At the same time, several firms on our list invest across the full company lifecycle, providing capital for later-stage growth. This balance suggests a mature market with opportunities for founders at different points in their journey.

From a geographic standpoint, the investor base is concentrated in major U.S. technology hubs, particularly the San Francisco Bay Area and New York. This is a practical point to consider as you plan your outreach. The mix of both Web3-specific funds and traditional VCs also signals broad interest in the sector, giving you more pathways to find the right partner for your company.

Raise Confidently with Rho

Fundraising requires your full attention, and knowing which investors to approach helps you use your time effectively. This list is designed to give you a starting point so you can focus your energy on the conversations that matter most.

Once your round is closed, our team is ready to support your company’s financial operations. Rho can help you set up your financial stack in minutes.

We provide the tools to manage your new capital, including business banking, corporate cards, and automated bill pay. Our platform is built to help your startup operate efficiently as you grow.

FAQs about Venture Capital Firms Focused on Web3

Are most Web3 VC firms located in the Bay Area?

The Bay Area, including Silicon Valley, is a major hub for technology venture capital firms. However, our list shows that key crypto investors are also based in New York, Chicago, and other cities, reflecting a more distributed ecosystem.

Are there active crypto VC firms outside the US?

Yes, many active crypto venture capital firms operate globally. London and Singapore are significant hubs for FinTech and Web3 investment, with many European and Asian VC firms backing companies in the space and offering a global perspective.

Which VC firms focus on Series A for Web3?

Many early-stage VC firms invest in Series A rounds. Firms like Ripple and Canonical Crypto are active at this stage, providing capital to Web3 companies that have found product-market fit and are ready to scale their operations.

How can I find the right Web3 venture capital firms for my startup?

Start with curated lists like this one and use professional networks to research firms. Focus on investors whose portfolio, stage, and industry focus align with your company. A targeted approach is more effective than a broad one.

Can you invest in publicly traded venture capital firms?

While most VC firms are private partnerships, some are publicly traded. However, for founders seeking funding, the focus should be on building relationships with partners at firms that align with your company's stage and sector.

How can Rho help after I close my funding round?

Once your funding is secured, we help you manage it. Rho provides an all-in-one platform with business banking, corporate cards, and expense management, built for high-growth companies. You can get started with Rho in minutes.