Crypto and Web3 investing has moved through multiple boom-and-bust cycles since Bitcoin's earliest days, and the firms below range from dedicated crypto-native funds to generalist firms that made early, high-conviction bets on category leaders before the space had institutional legitimacy.
Menlo Park, CA
Founded 2009
Coinbase's 2021 direct listing on Nasdaq - one of the largest crypto IPOs ever
AICryptoFintechConsumer
View Full Firm Profile →
Palo Alto, CA
Founded 2012
$20.78B (RAUM, Form ADV 2026)
Assets Managed
Nubank's 2021 NYSE IPO - Ribbit was an early backer of the Brazilian neobank, which reached a market capitalization of roughly $67.4 billion by July 2026
FintechCryptoConsumer InternetAI
View Full Firm Profile →
San Francisco, CA
Founded 2018
No traditional Paradigm-portfolio IPO exit - the firm's clearest proof points are Fund III bets Zipline (drone delivery, valued at $7.6 billion) and True Anomaly (space defense, valued at $2.2 billion), both still privat…
CryptoAIDeep TechFintech
View Full Firm Profile →
San Francisco, CA
Founded 2016
No public equity exit - Polychain was an early investor in Coinbase (NASDAQ: COIN) ahead of its 2021 direct listing
CryptoDeFi
View Full Firm Profile →
Menlo Park, CA
Founded 2003
No public equity exit documented - Pantera launched the first licensed Bitcoin fund in the U.S. in 2013
CryptoDeFi
View Full Firm Profile →
San Francisco, CA
Founded 2011
Coinbase's 2021 direct listing - Initialized was an early backer of the exchange, which carried a market capitalization of roughly $41.9 billion by July 2026
Enterprise SoftwareAIInfrastructureConsumer
View Full Firm Profile →
Palo Alto, CA
Founded 2018
$3B+ deployed cumulatively since 2018 (not a stated current fund AUM)
Assets Managed
No public equity exit documented - Electric Capital invests primarily in early-stage crypto, developer tools, and frontier technology
CryptoAIHealthcare
View Full Firm Profile →
Tokyo, Japan
Founded 1998
$2.7B+ (the firm's own AUM figure, 2026; the Japanese site prints 運用総額 ¥400B+)
Assets Managed
Timee, Inc. (IPO, Tokyo Stock Exchange Growth Market, 26 July 2024)
FintechBlockchainHealthcareAI
View Full Firm Profile →
San Francisco, CA
Founded 2013
$2B+ (across multiple funds)
Assets Managed
Coinbase's 2021 direct listing - Blockchain Capital invested pre-IPO and participated directly in the listing
CryptoDeFi
View Full Firm Profile →
San Mateo, CA
Founded 1985
Tesla's 2010 NASDAQ IPO and Baidu's 2005 NASDAQ IPO - two of Tim Draper's earliest and most iconic public-market bets, alongside Coinbase's 2021 direct listing decades later
CryptoAIDeep TechFintech
View Full Firm Profile →
Menlo Park, CA
Founded 2018
No major venture-portfolio exit reported yet - Tribe's clearest public-market event is its own 2021 SPAC, which listed on NASDAQ with $240 million in capital, distinct from a traditional portfolio-company exit
Enterprise SoftwareFintechCryptoAI
View Full Firm Profile →
Berlin, Germany
Founded 2018
$1.05B+ (across funds)
Assets Managed
No public exit documented - BITKRAFT invests across games, esports, and immersive media at all stages
GamingCrypto
View Full Firm Profile →
New York, NY
Founded 2003
Etsy's 2015 IPO - USV backed the handmade-goods marketplace in 2008 when it looked like a niche bet against Amazon
Consumer InternetFintechCryptoMarketplaces
View Full Firm Profile →
San Francisco, CA
Founded 2009
$800M+ deployed (since inception)
Assets Managed
PillPack's $753 million acquisition by Amazon in September 2018 - Kevin Colleran was an early investor in the online pharmacy
ConsumerFintechEnterprise SoftwareCrypto
View Full Firm Profile →
Palo Alto, CA
Founded 2014
~$700M (firm-stated AUM as of Q3 2025, with ~$550M of committed capital at year-end 2025, per the firm's own "Hack VC 2025 Wrapped", 7 January 2026)
Assets Managed
Rail (acquired by Ripple for $200M, 2025)
CryptoAIWeb3Infrastructure
View Full Firm Profile →
New York, NY
Founded 2018
$650M (Dragonfly Ventures IV close announced February 2026; no firm-wide AUM figure is published)
Assets Managed
CryptoDeFiBlockchainInfrastructure
View Full Firm Profile →
Berlin, Germany
Founded 2016
$500M (across three funds)
Assets Managed
No public exit - BlueYard's crypto-native thesis means outcomes come as token appreciation rather than IPOs; the firm's clearest proof points are co-founders O'Leary and Whitmire's pre-BlueYard bets on Wunderlist (acquir…
CryptoDeep TechDefense Tech
View Full Firm Profile →
Over $500M (stated by the firm on its own About page, undated, checked 2026)
Assets Managed
BlockchainWeb3InfrastructureDeFi
View Full Firm Profile →
Singapore, Singapore
Founded 2017
US$500M (the group's own homepage shows "$500M / Assets Under Management", undated, checked 2026; the firm's 29 September 2025 release attributes the figure to Spartan Capital, the group's asset-management arm, across long/short, market neutral and venture strategies - a firm-wide asset-management figure, not a venture fund close)
Assets Managed
Web3CryptoBlockchain
View Full Firm Profile →
Singapore, Singapore
Founded 2015
Not publicly disclosed (no dated current AUM figure; the firm's April 2026 announcement gives ~HK$8bn as "Assets under management since inception" at 30 September 2025, and its boilerplate says over US$1bn managed since inception - both cumulative. Fund III closed at US$500M in January 2023)
Assets Managed
BlockchainInfrastructureCryptoAI
View Full Firm Profile →
$405M (final fund, closed 2022 per Axios; firm-wide AUM not publicly disclosed)
Assets Managed
DraftKings (went public via SPAC merger, 2020)
CybersecurityEnterprise SoftwareConsumerFintech
View Full Firm Profile →
San Francisco, CA
Founded 2017
Not publicly disclosed (Quiet Venture III had raised $377M per a November 2024 SEC filing, reported by Reuters)
Assets Managed
Reddit (IPO, 2024)
AIFintechCryptoHealthcare
View Full Firm Profile →
$160M+ (Fund V)
Assets Managed
Performix's acquisition by Honeywell in 2021 - one of several strategic exits in Mercury's two-decade Midcontinent-focused portfolio, alongside PactSafe's acquisition by Ironclad
AIBlockchainFrontier TechnologiesDefense & Security
View Full Firm Profile →
$150M (one named vehicle only - "Delta Liquid Fund has an AUM of $150 million", deltafund.io/about-us, checked 2026. No firm-level AUM is published)
Assets Managed
BlockchainDeFiCryptoGaming
View Full Firm Profile →
€145M (under management, per volta.ventures)
Assets Managed
Segments.ai (acquired by Uber, 2025)
Enterprise SoftwareSaaSAIFintech
View Full Firm Profile →
Not publicly disclosed (no AUM figure is published; a $145M second crypto fund was formed in 2022, per the Lowenstein Sandler announcement of 12 May 2022)
Assets Managed
CryptoWeb3BlockchainInfrastructure
View Full Firm Profile →
$136M (Fund IV close, October 2025, per Fortune; CMT Digital publishes no firm-wide AUM figure - prior funds were $25.5M, $130M and $100M)
Assets Managed
Circle Internet Group, Inc. (IPO June 2025; NYSE ticker CRCL)
BlockchainDeFiCryptoFintech
View Full Firm Profile →
San Francisco, CA
Founded 2017
$125M+ (across multiple funds)
Assets Managed
No confirmed exit yet - Hustle Fund's portfolio, including HoneyBook, Nova Credit, and Berbix, remains largely private, though early bets on The Pill Club and Webflow highlight the firm's pattern-recognition at the earli…
FintechHealthcareCryptoEnterprise Software
View Full Firm Profile →
San Francisco, CA
Founded 2014
$111M debut institutional fund, announced 2022
Assets Managed
FintechEcommerceHealthConsumer
View Full Firm Profile →
New York, NY
Founded 2021
Not publicly disclosed (no AUM figure is published; sourced fund sizes only - Archetype I at $55M, Archetype II at $150M, and Archetype III announced 22 September 2025 with over $100M in total capital commitments)
Assets Managed
CryptoBlockchainInfrastructureDeFi
View Full Firm Profile →
Singapore, Singapore
Founded 2018
Not publicly disclosed (no AUM figure is published; fund sizes only - Fund I launched in 2021 at $15M, and Fund II was announced on 10 August 2022 as a $100M fund at a first close, with no amount disclosed and no final close found)
Assets Managed
Kakarot (acquired by Zama; the firm states it co-led Kakarot's seed round in 2023, and published on the acquisition on 6 November 2025)
AIRoboticsCryptoBlockchain
View Full Firm Profile →
New York, NY
Founded 2022
$10M+ (latest fund)
Assets Managed
No public exit yet - The Fintech Fund closed its $10 million second fund in September 2024
FintechCryptoDeFi
View Full Firm Profile →
Not publicly disclosed
Assets Managed
No public equity exit documented - Multicoin invests primarily in tokens and blockchain protocols rather than public equities
CryptoDeFi
View Full Firm Profile →
New York, NY
Founded 2020
Not publicly disclosed
Assets Managed
No public equity exit documented - Variant invests in foundational crypto protocols, including an early stake in Uniswap
CryptoDeFi
View Full Firm Profile →
Seoul, South Korea
Founded 2017
Not publicly disclosed (no firm-wide AUM figure is published; sourced Korean fund closes for Hashed Ventures Inc. are 1,122억원 in 2020 and 2,403억원 in 2021, with a third association formed in 2024)
Assets Managed
BlockchainCryptoWeb3AI
View Full Firm Profile →
Stamford, CT
Founded 2015
CoinDesk (sold to Bullish Global, announced 20 November 2023; terms not disclosed)
CryptoBlockchainWeb3DeFi
View Full Firm Profile →