The Web3 VC scene shows signs of stabilization and growth, with a massive jump to $1.9 billion in Q4 2023 and a $1.8 billion raise in Q1 2024. Regulatory progress, US Bitcoin ETF approvals, and broader acceptance of blockchain for real-world uses (think asset tokenization) help shake off past challenges from Web3 startups.

  • UAE emerges as a Web3 hub, with Abu Dhabi offering a welcoming regulatory environment for digital assets.
  • DeFi, NFTs, Blockchain Infrastructure, DAOs, Web3 Gaming, and Metaverse are sectors with the most significant interest.
  • The growth of the Web3 ecosystem underscores the privacy and security of the decentralized web.
  • Metaverse and blockchain gaming are on track to surge 20-25% in 2024, nearly doubling their market share from 2023.

With the crypto winter ending and investment trends changing, Web3 innovation looks bright. Check out our list of top web3  venture capitals, complete with web3 investment funds focus and contact details.

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1. Pantera Capital

➡️ Pantera Capital is a pioneering California-based VC. Founded in 2003, it shifted to digital assets in 2013 and launched the first U.S. Bitcoin fund. With over $4.2B in assets and a flexible investment approach, it has made over 217 investments with 37 successful exits.

Location: Menlo Park, California

Industries: Crypto & Blockchain, Fintech, Consumer, Enterprise

Funding stage: Early Stage, Late Stage, Seed, Series A, Series B

Minimum check size: $1M

Maximum check size: $40M

Notable portfolio companies: 1inch, Arbitrum, Coinbase, Jambo

Contacts: LinkedIn, Contact us

2. Coinbase Ventures

➡️ Coinbase Ventures is Coinbase’s web 3.0 investment arm. With $193B in assets and a focus on Seed-stage startups, it has made over 490 investments with 47 successful exits. 

Location: Oakland, California

Industries: Crypto & Blockchain

Notable portfolio companies: Zora, Uniswap, Alchemy

Value beyond money: 

Contacts: Sign-up page, LinkedIn

3. Paradigm

➡️ Paradigm has been a crypto powerhouse since 2018. They’ve backed over 30 crypto and tech companies with flexible investments ranging from $1M to $100M+. Among notable portfolios are Amber and BetDEX.

Location: San Francisco

Industries:  Crypto & Blockchain

Funding stage: Early Stage

Number of investments: 78

Number of exits:  6

Value beyond money:

  • Paradigm provides active, hands-on support from the technical (mechanism design, security, engineering) to the operational (recruiting, go-to-market, legal, and regulatory strategy) experts.

Contacts: Contact-us page, LinkedIn

4. Alchemy Ventures

➡️ Alchemy Ventures is the investment arm of the Web3 developer platform Alchemy. Focused on empowering creators, they invest in startups building gaming, DeFi, metaverse experiences, and other Web3 applications utilizing blockchain tech.

Location: Nashville, Tennessee

Industries: Metaverse, Blockchain Gaming

Funding stage: Early Stage

Number of investments: 12

Notable portfolio companies: Argus Labs, Ostium, ASTAR

Value beyond money: 

  • Alchemy University — a platform with courses, projects, and code to explore Web3 for free.

Contacts: Sign-in page, LinkedIn

5. jump_

➡️ Jump Crypto is a Chicago-based crypto venture capital firm launched in 2015 by Jump Trading Group. It actively invests across seed, Series A, and Series B stages, boasting 124 investments and 7 successful exits. 

Industries: Blockchain, Web3

Funding stage: Seed, Series A, and Series B

Notable portfolio companies: Coral, Magpie Protocol, and Juno

Contacts: Contact-us page

6. Polychain Capital

➡️ Polychain Capital, founded in 2016, is a San Francisco-based VC. With over $6.6 billion in assets, they have invested over 240 companies across various blockchain sectors.

Location: San Francisco, California

Industries: Crypto & Blockchain

Number of investments: 242

Number of exits: 28

Notable portfolio companies: Polyhedra Network, Eclipse, Canza Finance

Contacts: Email

7. A16zcrypto

➡️ A16zcrypto, or Andreessen Horowitz, is an early backer of crypto startups. With 15 years of experience, $35B under management, and over 1,770 investments, this VC fund has become a key player in supporting groundbreaking startups like OpenSea, Optimism, Phantom, and Solana.

Location: Menlo Park, California

Number of exits: 372

Notable portfolio companies: OpenSea, Optimism, Phantom, Solana

Value beyond money: 

  • Crypto Startup Accelerator is a 10-week program with lectures and mentorship from industry experts, founder talks, and access to the a16z network.

Contacts: LinkedIn 

8. Multicoin Capital

➡️ Multicoin Capital, established in 2017, is a Texas-based VC. It targets disruptive projects with a long-term view and invests across public and private markets. Its portfolio boasts over 150 investments and 11 exits.

Location: Austin, Texas

Industries: Crypto & Blockchain, Software

Funding stage: Early Stage, Seed

Number of investments: 154

Number of exits: 11

Notable portfolio companies: Aptos, Dune Analytics, Juke

Contacts: Contact-us page, LinkedIn

9. Spartan Group

➡️ Spartan Group is a Singapore-based blockchain advisory and asset management firm. For 7 years, it has helped over 130 public companies and closed 3 M&A deals.

Industries: Blockchain, Cryptocurrency, Financial Services, Software, Finance

Funding stage: Early Stage

Average check size: $13M

Number of investments: 134

Number of exits: 3

Notable portfolio companies: ZUBR, Stacks, Augur

Value beyond money: 

  • Spartan Advisory platform combines best practices from traditional finance with innovation and creativity from the wider Web3 community. 

Contacts: Contact-us page, LinkedIn

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Anastasiia

CONTENT WRITER

Hey there! I'm Anastasiia, a Content Writer at Waveup. With my marketing expertise and storytelling magic, I turn complex data and industry insights into your startup playbook, making the business world a breeze for you! At Waveup, I work with brilliant folks who make insights a never-ending flow. So, join, read, and enjoy!