107 VC firms investing in crypto & web3 at the Pre-Seed stage.
Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.
F4 Fund tracks 107 VC firms that actively invest in crypto & web3 at the Pre-Seed stage, with check sizes ranging from $25K – $1650M (median: $2.6M). As of September 2026, 93% of these firms lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 2,100+ researched VC firms. Ranked by how much of each firm's portfolio is actually in this sector, and how recently it invested.
| # | Firm | Check Size | Portfolio | Leads? | Last invested | Decision | Intro |
|---|---|---|---|---|---|---|---|
| 1 | ▶ Multicoin Capital #84 · Top 100 · 2026 Cryptocurrency and blockchain technology will fundamentally restructure global financial systems. We invest in category-defining protocols and companies that reshape trillion-dollar markets through permissionless finance, technical innovation, and new economic paradigms enabled by blockchain. Particular focus on execution layers, DeFi infrastructure, stablecoins, payments, and emerging categories like DePIN, FHE, and crypto-AI intersection. Austin | $100K – $5M | 30 | Follows | May 2026 · Active | ~2 wks | Open |
| 2 | ▶ Kosmos VC Research-driven web3 investor backing contrarian crypto infrastructure, DeFi, GameFi, AI x crypto, prediction-market, and protocol opportunities where mechanism design and quantitative modeling can create durable network effects. Perth | $100K – $2M | 40 | Both | Apr 2026 · Active | N/A | N/A |
| 3 | ▶ Jump Crypto Identify real-world constraints through active market participation and build decentralized consortiums to convert systemic bottlenecks into shared breakthroughs. Serious builders combining market-making expertise with long-term infrastructure development. Chicago | $1.9M – $1650M | 32 | Both | Sep 2026 · Active | ~1 mo | Open |
| 4 | ▶ Galaxy Transformative innovation in crypto emerges from disciplined investment in cutting-edge infrastructure, protocols, and financial applications. We partner with founders advancing the digital asset economy alongside deep operational support through Galaxy's institutional infrastructure. | $500K – $25M | 94 | Leads | Jun 2026 · Active | ~2 wks | Open |
| 5 | ▶ Robot Ventures Build unconventional, technically sophisticated cryptocurrency projects at the intersection of cryptographic innovation, economic design, and blockchain infrastructure. We focus on highly technical primitives that require deep expertise in DeFi, L1/L2 architecture, zero-knowledge proofs, MEV economics, and on-chain governance. New York | $100K – $5M | 30 | Leads | Jun 2026 · Active | ~2 wks | Open |
| 6 | ▶ Blockchain Capital Blockchain technology will reshape how value is transferred, stored, and transacted globally. Best companies built by crypto-native founders deeply committed to long-term vision. We invest across entire crypto stack: DeFi, infrastructure, consumer apps, gaming, identity. San Francisco | $25K – $200K | 35 | Leads | Apr 2026 · Active | ~2 wks | Open |
| 7 | ▶ CMS Holdings Infrastructure and DeFi protocols will be the economic foundation of blockchain adoption. We invest in projects that solve real coordination or efficiency problems with deep protocol design and responsible market strategy. New York | $500K – $10M | 22 | Leads | May 2026 · Active | ~1 mo | Open |
| 8 | ▶ Electric Capital User-owned technology empowered by distributed systems and cryptography enables people to reclaim control from intermediaries. We invest in systems that reduce reliance on centralized institutions and give users control, privacy, and access to global markets. Palo Alto | $1M – $20M | 26 | Leads | Apr 2026 · Active | ~2 mo | Open |
| 9 | ▶ Variant Variant invests in technology that expands autonomy through permissionless markets, software, and applications. Fund IV focuses on early-stage infrastructure and applications in crypto, with particular emphasis on AI-crypto integration, autonomous agents, and decentralized systems that give users increased access, knowledge, and ownership. New York | $250K – $750K | 39 | Leads | Apr 2026 · Active | ~1 wk | Open |
| 10 | ▶ CMT Digital CMT Digital invests in early-stage blockchain and crypto projects that accelerate Web3 adoption. As one of the earliest institutional investors in the space, they combine venture discipline with deep regulatory expertise and operational support to help founders navigate complex compliance requirements while scaling globally. New York | $500K – $20M | 22 | Both | Jul 2026 · Active | ~2 wks | Open |
| 11 | ▶ Framework Ventures We back crypto-native founders building the next generation of valuable blockchain networks and applications. We were early believers in DeFi and continue to identify emerging opportunities at the intersection of cryptography, protocol design, and real-world utility. San Francisco | $250K – $40M | 36 | Leads | Jun 2026 · Active | ~2 wks | Req'd |
| 12 | ▶ Collider The internet freed information. Crypto is freeing money. Blockchain technology represents the next evolution of financial infrastructure, and exceptional founders using non-consensus approaches to DeFi, infrastructure, and privacy will unlock significant value. Tel Aviv | $2M – $10M | 31 | Leads | Jul 2026 · Active | ~2 wks | Open |
| 13 | ▶ Morgan Creek Digital Digital innovation across four themes (AI, Blockchain, Computing Infrastructure, Big Data) will define the next generation of transformative companies. Busan | $250K – $10M | 22 | Leads | May 2026 · Active | N/A | Req'd |
| 14 | ▶ Haun Ventures #97 · Top 100 · 2026 Crypto represents a long-term technological transformation rearchitecting global commerce. We back the boldest builders from seed through scale, combining deep regulatory expertise with institutional reach to help founders navigate policy uncertainty and drive adoption. San Francisco | $1M – $100M | 37 | Leads | Aug 2026 · Active | ~2 wks | Req'd |
| 15 | ▶ Reciprocal Ventures Blockchain networks are upgrading the internet and capital markets. We invest in founders building decentralized technologies and protocols that reshape trust in our legacy systems. We believe the resource coordination and verifiability of open-source blockchains will fundamentally restructure finance, identity, and digital infrastructure. New York | $500K – $4M | 33 | Leads | Apr 2026 · Active | ~2 wks | Req'd |
| 16 | ▶ Dragonfly Capital Partners #70 · Emerging 100 · 2026 We back the best researchers and builders who will push the entire crypto ecosystem forward. We believe in supporting foundational blockchain technologies, innovative DeFi protocols, and breakthrough applications that will define the next generation of digital economies. San Francisco | $1M – $75M | 22 | Both | Aug 2026 · Active | ~2 wks | Req'd |
| 17 | ▶ Alliance DAO Back exceptional technical founders building crypto-native and AI-native companies as early as possible, sometimes before a product exists, via a fixed $500K SAFE and an intensive 10-week accelerator. New York | $500K | 26 | Leads | Mar 2026 · Active | ~2 wks | Open |
| 18 | ▶ Lattice Crypto represents a once-in-a-generation platform shift that will fundamentally transform financial services, gaming, energy, and many other sectors through decentralized infrastructure. We partner with founders building sustainable crypto foundations from day one. United States | $300K – $2M | 69 | Leads | Jul 2026 · Active | ~2 wks | Req'd |
| 19 | ▶ D1 Capital We empower builders of the open economy through capital, market intelligence, and community support. We specifically back unconventional and eccentric founders building the next generation of Web3 infrastructure, DeFi protocols, and applications that reshape how humans organize economically. Beijing | $100K – $10M | 41 | Leads | ~May 2026 · Active | ~2 wks | Open |
| 20 | ▶ SevenX Ventures SevenX Ventures invests in research-driven teams building the infrastructure, finance protocols, games, and social platforms of Web3. We believe the future of blockchain is modular, intent-based, and AI-enhanced. We support founders with capital, research, and operational expertise to scale from seed to market leadership. Singapore | $100K – $6M | 26 | Both | Mar 2026 · Active | ~2 mo | Open |
| 21 | ▶ Delphi Ventures Delphi backs extraordinary founders at the bleeding edge of technology, operating at the intersection of crypto/blockchain and deep tech. Crypto is freedom technology enabling human coordination at scale without intermediaries. With AI and atomic breakthroughs, these forces will disintermediate legacy models and form foundations of civilizational change over the next decade. San Mateo, California | $50K – $25M | 33 | Leads | Jun 2026 · Active | ~1 wk | Open |
| 22 | ▶ Binance Labs Support visionary founders building transformative technologies across blockchain, AI, and biotechnology. Provide capital, technical resources, and access to Binance's 300M+ user base and infrastructure. Partner for long-term value creation with founder-centric approach. Cayman Islands | $100K – $5M | 25 | Both | Apr 2026 · Active | ~2 wks | Open |
| 23 | ▶ Hack VC Crypto-native teams solving fundamental Web3 problems, partnering on- and off-chain at earliest stages. Technical excellence, ecosystem building, and long-term Internet transformation through decentralized technologies. San Francisco | $5M – $25M | 30 | Leads | ~Sep 2026 · Active | ~2 wks | Open |
| 24 | ▶ Future Perfect Ventures Blockchain technology will fundamentally transform how value is transferred globally, particularly in emerging markets and underbanked regions. FPV focuses on decentralized technologies that enable financial inclusion and cross-border value transfer where traditional infrastructure is limited. New York | $500K – $5M | 45 | Leads | ~Sep 2026 · Active | ~2 wks | Open |
| 25 | ▶ Red Beard Ventures Drive mass adoption of crypto and Web3 through investments in companies with strong tokenomics and utility design. Leverage ecosystem of 3,000+ LPs and 25,000+ gaming community to provide portfolio companies instant network effects and user acquisition. Brooklyn | $100K – $1M | 107 | Leads | Jun 2026 · Active | ~2 wks | Req'd |
| 26 | ▶ 6th Man Ventures (6MV) The user-owned internet is inevitable. We enable the founders and communities building it with capital, practical support, research, and connections. We invest in Web3-native founders who are actively using the products they're building. United States | $2M – $5M | 26 | Leads | Jan 2026 · Active | ~2 wks | Open |
| 27 | ▶ Paradigm #34 · Top 100 · 2026 Research-driven frontier technology investment firm that builds and invests in crypto, AI, robotics, and other new frontiers from the earliest stages. Paradigm remains deeply technical and research-led, collaborating on papers, code, product, and business strategy with ambitious builders. San Francisco | $1M – $100M | 41 | Leads | Jan 2026 · Active | ~2 wks | Open |
| 28 | ▶ Archetype Back the next generation of crypto founders disrupting the status quo and creating entirely new markets. Invest in crypto-native builders with maniacal focus on solving real protocol, infrastructure, and application problems. Support founders with research, token model design, mechanism design guidance, and operational expertise across investing, engineering, and ecosystem development. Brooklyn | $100K – $10M | 31 | Leads | Jul 2026 · Active | ~2 wks | Open |
| 29 | ▶ CoinFund We champion the leaders of the new internet through decentralized technology. We invest across the full lifecycle of blockchain networks from pre-launch through post-token network effects, combining equity and liquid token positions while providing operational and technical expertise. Brooklyn | $500K – $15M | 15 | Leads | Dec 2025 · Active | ~2 wks | Req'd |
| 30 | ▶ Fulgur Ventures Bitcoin is a fixed-supply, neutral monetary network that civilization is being rebuilt on. Fulgur funds teams building the infrastructure, applications, and financial services layer of the Bitcoin and Lightning Network economy. Wilmington, DE | $50K – $200K | 41 | Both | May 2026 · Active | N/A | N/A |
| 31 | ▶ Castle Island Ventures #93 · Emerging 100 · 2026 Public blockchains represent a paradigm shift in how we interact with money, financial services, and the internet. We invest in infrastructure and application companies building the future of monetary networks, programmable finance, and decentralized internet architecture. Cambridge | $100K – $5M | 22 | Leads | Jul 2026 · Active | ~1 wk | Open |
| 32 | ▶ Chapter One Ventures We back product-driven founders building generational companies. We led product, design, and engineering teams at the internet's most iconic companies and have built products for billions of users. Now we bring that operator expertise to support founders obsessed with product excellence and user experience. Los Angeles | $500K – $8M | 111 | Leads | Apr 2026 · Active | N/A | Req'd |
| 33 | ▶ Nascent Build, expand, and capture opportunity in open markets and permissionless technology by being deep, hands-on users of the crypto ecosystems Nascent backs, combining venture-style early investing with a liquid trading strategy. | $250K – $1M | 65 | N/A | Feb 2026 | N/A | N/A |
| 34 | ▶ Cadenza Global investors in transformative technologies — backing bold founders building enduring businesses across sectors and stages. Combines deep fundamental research with active partnership. Fund III ($50M, Dec 2024) is focused on early-stage AI, particularly AI infrastructure, open-source LLMs, and AI-native applications. New York | $250K – $2.5M | 27 | Leads | May 2026 · Active | ~1 mo | Open |
| 35 | ▶ Uncorrelated Ventures Infrastructure companies compound value for years because they become embedded in the software stacks built on top of them. Invests almost exclusively in infrastructure software, both traditional and decentralized (crypto/DeFi), drawing on 20+ years of pattern recognition in the category. Palo Alto | $1M – $10M | 41 | Both | Jul 2026 · Active | N/A | Open |
| 36 | ▶ Winklevoss Capital Backs determined entrepreneurs solving society's hardest problems in critical domains across the decentralized frontier, space exploration, atomic energy, and cellular/biotech sectors. Invests in companies and networks in their infancy when conviction is scarce. New York | $100K – $5M | 33 | Both | May 2026 · Active | ~2 wks | Open |
| 37 | ▶ IDEO CoLab Ventures We invest in big ideas and good humans. We partner with visionary founders at the earliest stages to help them create products and protocols that people love. We combine venture capital with hands-on design expertise and creative collaboration, embedding designers and technologists directly into portfolio companies. Cambridge | $100K – $500K | 21 | Both | Jan 2026 · Active | ~2 wks | Open |
| 38 | ▶ Borderless Capital Web3-native investment management focused on fostering dynamic blockchain ecosystems. Deep specialization in Decentralized Physical Infrastructure Networks (DePIN) and Algorand ecosystem. Support builders with operational expertise, regulatory sophistication, and long-term partnership approach. Miami | $500K – $5M | 19 | Leads | Jun 2026 · Active | ~1 mo | Open |
| 39 | ▶ Prelude First-check crypto fund backing founders at inception stage — before the idea is obvious to everyone. Invests in both tokens and equity globally, with conviction that the best crypto companies are built to export value beyond the crypto echo chamber. Berlin | $500K – $2M | 26 | Leads | Oct 2025 · Active | ~1 mo | Open |
| 40 | ▶ Shima Capital Support disruptive web3 and blockchain companies with operational expertise and tokenomics guidance San Francisco | $250K – $3M | 38 | Leads | Oct 2025 | ~1 wk | Open |
| 41 | ▶ Varrock Intentionally generalist within crypto. Invests $600-900k in pre-seed and seed founders building both crypto-native (products for crypto power users) and crypto-adjacent companies (crypto as a feature in bigger traditional markets). Values people over products, high conviction with ~6 investments per year. Plano, TX | $600K – $900K | 9 | Leads | May 2026 · Active | ~1 wk | Open |
| 42 | ▶ Foundation Capital We back founders who believe the purpose of life is to be briefly extraordinary. We invest at day zero when ideas haven't yet become innovations, seeking founders with superhuman grit, authentic vision, and the drive to create something lasting. Palo Alto | $1M – $20M | 29 | Leads | Sep 2026 · Active | ~2 wks | Open |
| 43 | ▶ Protagonist Back early-stage founders building the next paradigm in emerging technologies. We operate like a product studio—contributing code, designing token economics, and providing hands-on partnership rather than just capital. Miami | $1M – $10M | 58 | Both | Nov 2025 · Active | ~2 wks | Open |
| 44 | ▶ Version One Ventures Technology has the power to transform the world. We back bold, mission-driven founders building before their solution is obvious or their category is clear, and support them as an operational partner, not just a check-writer. Vancouver | $500K – $1.5M | 35 | Both | Jul 2026 · Active | N/A | N/A |
| 45 | ▶ Solana Ventures Solana Ventures accelerates Solana blockchain growth by providing capital and infrastructure partnership to the most promising crypto ecosystem teams. We invest as both financial and operational partners, co-designing game economies, DeFi protocols, and infrastructure solutions. San Francisco | $1M – $10M | 15 | Both | Apr 2026 · Active | ~2 wks | Req'd |
| 46 | ▶ Shammas Seed and early-stage technology companies with strong focus on Bitcoin ecosystem and gaming. We invest as a group of serial entrepreneurs who actively partner with world-class teams to build global category winners. Bitcoin is TCP/IP for realtime value transport on the Internet. | $250K – $2M | 31 | Both | Mar 2026 · Active | ~2 wks | Open |
| 47 | ▶ BlueYard Capital Invest in only two kinds of technologies: those that move humanity toward utopia, and those that hold the line against oblivion. Back n-of-1 visions for an era of Black Swans—unconventional companies solving civilization-scale problems that others dismiss as too early, too risky, or too misunderstood. Berlin | $500K – $5M | 59 | Leads | Mar 2026 · Active | ~2 mo | Open |
| 48 | ▶ Abstract Ventures #28 · Emerging 100 · 2026 Backing transformative founders building exceptional companies across all sectors San Francisco | $100K – $1M | 276 | Both | Jun 2026 · Active | N/A | N/A |
| 49 | ▶ Oyster Ventures Invest in exceptional new-frontier technology companies that bring liquidity and efficiency to antiquated industries. San Francisco | $25K – $5M | 47 | Follows | ~Jun 2026 · Active | ~2 wks | Open |
| 50 | ▶ Seven Seven Six #13 · Emerging 100 · 2026 Seed and early-stage technology companies with strong focus on Bitcoin ecosystem and gaming. We invest as a group of serial entrepreneurs who actively partner with world-class teams to build global category winners. Bitcoin is TCP/IP for realtime value transport on the Internet. San Francisco | $250K – $2M | 141 | Both | Mar 2026 · Active | ~2 wks | Open |
| 51 | ▶ Illuminate Financial Illuminate invests in companies solving mission-critical problems for financial institutions through fintech and enterprise software innovation. With deep access to tier-1 financial institution networks and specialized domain expertise, the firm creates unique value for portfolio companies through institutional customer access, operational guidance, and strategic partnerships. London | $1M – $8M | 33 | Leads | Jun 2026 · Active | ~1 mo | Open |
| 52 | ▶ MiddleGame Ventures We invest in and partner with exceptional European entrepreneurs leading the global economy to a fully digital financial services future, spanning FinTech and adjacent digital solutions (AI, cyber, deep tech, quantum). Luxembourg, Luxembourg | $250K – $10M | 35 | Leads | Sep 2026 · Active | N/A | N/A |
| 53 | ▶ Alloy Fund Back founder-operators with prior venture-scale exits solving hard technical problems in non-obvious, regulated deep-technical verticals including AI infrastructure, blockchain, biotech, and communications infrastructure. Co-invest alongside quality partners to maintain flexibility and focus on deep operational support and strategic value-add. San Francisco | $100K – $5M | 46 | Follows | Apr 2026 · Active | ~2 wks | Open |
| 54 | ▶ White Star Capital Technology companies are becoming intertwined with the global economy more so than ever before. The most compelling founders build businesses through a broader world view. White Star Capital backs globally ambitious entrepreneurs at Series A, B, and Seed stages across North America, Europe, and Asia, helping them scale internationally through deep local presence on three continents. London | $1M – $25M | 45 | Leads | Jul 2026 · Active | ~1 mo | Open |
| 55 | ▶ SeaX Ventures Backs early-stage companies building groundbreaking exponential technologies that can transform societies and help countries achieve higher levels of economic progress, bridging US deep-tech deal flow with a large Southeast Asian corporate and family-office LP network. Millbrae, CA | $500K – $5M | 29 | Both | Jun 2026 · Active | N/A | N/A |
| 56 | ▶ Initialized Capital #77 · Top 100 · 2026 Passion and vision matter more than pedigree. We seek founders with grit, audacity, and a spark of rebellion—regardless of background. We invest early, before success is inevitable, and support founders from 0-to-1 through Series A. San Francisco | $250K – $2M | 191 | Leads | Aug 2026 · Active | ~2 wks | Open |
| 57 | ▶ Volt Capital Volt Capital is a New York based venture firm that invests in category-defining technologies underpinning the machine economy, open source ai, infra and physical ai at the earliest stages. The team’s investment team are former founders and operators who take a founder-first approach to investing. Volt Capital backs pre-seed and seed companies with checks from $500k to $3m. | $500K – $3M | 21 | Leads | Sep 2025 · Active | ~2 wks | Req'd |
| 58 | ▶ MH Ventures MH Ventures backs the convergence of cryptography, composability, and community-owned networks, aiming to shape the architecture of economic sovereignty by helping decentralized systems launch, scale, and endure. Grand Cayman, Cayman Islands | $1.5M – $3M | 20 | N/A | Jul 2025 · Active | N/A | N/A |
| 59 | ▶ Jump Capital Thesis-driven, sector-focused venture firm investing in FinTech, IT/Data Infrastructure, and vertical B2B SaaS. Partners with founders who want a trusted ally with real operating experience. Increasing focus on AI applications that solve measurable enterprise problems with real data advantages. Chicago | $1M – $15M | 32 | Leads | Jun 2026 · Active | ~2 mo | Req'd |
| 60 | ▶ AU21 Capital Back the most brilliant founders expanding blockchain and Web3 frontiers. Hybrid venture and hedge fund model enables flexible capital deployment. Partner deeply with exceptional teams to bring transformative blockchain projects to market with exchange partnerships and market access. San Francisco | $500K – $20M | 20 | Leads | Mar 2025 · Active | ~2 wks | Open |
| 61 | ▶ 57Blocks Capital Backing early stage founders with capital and engineering. Investing at the intersection of AI and blockchain across two themes: Money Blocks (institutional digital finance) and Industrial Disruption (AI replacing manual processes in established industries). Invests at pre-seed and seed, often before revenue, with or without a lead. San Francisco | $50K – $500K | 22 | Both | Mar 2026 · Active | ~2 wks | Open |
| 62 | ▶ Struck Capital Find strong, ambitious founders working on what we believe to be game-changing technology, and put in the hard work to add value every step of the way. We invest in founders with robust information asymmetries developing core technology innovations with the potential to disrupt and redefine industries. Santa Monica | $500K – $1M | 23 | Leads | Mar 2026 · Active | ~1 wk | Open |
| 63 | ▶ Crucible Capital Human progress is defined by manipulating energy and atoms over spacetime. Software and open networks governed by tokens will transform the infrastructure economy. Crucible backs founders building digital infrastructure foundations at the intersection of energy, compute, and crypto. The firm has evolved to embrace 'Capital Markets Maximalism' — the view that financial engineering, not just software, is the key to capturing value in industrial infrastructure — and 'Industrial Resilience,' investing across five layers: dispatch & optimization, verification & ground truth, financial infrastructure, materials & supply, and defense & infrastructure security. Crucible now deploys capital across the lifecycle from venture to credit to direct infrastructure ownership. New York | $500K – $3M | 30 | Both | May 2026 · Active | ~2 wks | Open |
| 64 | ▶ Notation Capital Increase odds of success for product-obsessed founding teams on day zero. Invest in initially fringe markets that can become mainstream, large markets that feel broken, and science-fiction-like visions. Work with founders before market validation is obvious. Brooklyn | $250K – $750K | 23 | Leads | Apr 2026 · Active | ~1 mo | Open |
| 65 | ▶ Slow Ventures Backing experienced founders with deep domain conviction at the earliest stages. Fund genuine 'venture moments' — discrete inflection points where new capital validates novel hypotheses. Reject the factory model of venture; focus on capital efficiency and sound businesses. San Francisco | $500K – $3M | 83 | Leads | Mar 2026 · Active | ~2 wks | Open |
| 66 | ▶ DCG Expeditions Crypto will revolutionize the existing financial system. We partner with exceptional founders building the next generation of financial services, leveraging permanent capital and DCG's ecosystem to support founders long-term without fund cycle pressures. London | $50K – $250K | 55 | Follows | Jun 2025 · Active | N/A | N/A |
| 67 | ▶ Makers Fund Backing builders of the future of interactive entertainment. We invest across games, content, platforms, and ecosystem technologies with conviction that visionary founders are driving transformation in how we play, watch, create, and live. | $500K – $5M | 160 | Leads | Jul 2026 · Active | ~2 wks | Open |
| 68 | ▶ BECO Capital Conviction-driven, full-stack investor from pre-seed to pre-IPO across the Gulf and MENA. High-conviction early-stage areas: Proptech & Construction Tech, Fintech, Retail Tech/Omnichannel Consumer, and AI application-layer businesses. Growth fund is sector-agnostic, underwriting on demonstrated PMF and strong or near-profitable unit economics. Dubai | $250K – $50M | 30 | Both | Sep 2026 · Active | N/A | N/A |
| 69 | ▶ Shine Capital #82 · Emerging 100 · 2026 Shine partners with creative, convincing, relentless entrepreneurs to build iconic businesses. They are lateralists - using non-linear logic to identify innovation at the intersections of technology, markets, and culture. The firm invests thematically in areas shaped by four trends: Great Expectations (demand for quality), Merging Digital/Physical (computing power), Reimagining Security (infrastructure/identity), and Reestablishing Meaning (community/belonging). New York | $1M – $10M | 50 | Leads | Apr 2026 · Active | ~2 wks | Req'd |
| 70 | ▶ Point72 Ventures Point72 Ventures backs ambitious founders building for big outcomes across critical domains. Going deep, not wide—the firm focuses on specialized investment theses in AI, Consumer, and Defense Tech, bringing deep sector insights, partnership, and hands-on support from seed to pre-IPO. New York | $250K – $50M | 203 | Both | Jun 2026 · Active | ~2 wks | Req'd |
| 71 | ▶ Olive Tree Capital Olive Tree Capital invests in groundbreaking technology and life sciences companies guided by the Golden Rule philosophy. As an evergreen vehicle without asset class limitations or holding period constraints, OTC can be a long-term partner to founders across any stage and geography. Boston | $250K – $5M | 36 | Both | ~Aug 2026 · Slowing | N/A | Open |
| 72 | ▶ Spice Capital Back visionary founders solving problems for internet-native consumers. Focus on team, TAM, and traction. Seek emerging categories and 'illegible' opportunities overlooked by traditional VCs. New York | $100K – $5M | 13 | Leads | Mar 2026 · Active | ~1 wk | Open |
| 73 | ▶ Yellow Rocks! Yellow Rocks! builds global bridges through billion-dollar talent, investing in fast-growing early-stage tech companies founded by talented entrepreneurs from anywhere in the world, aimed at global markets with potential to skyrocket in the next 5-8 years. Investing in AI since 2017. San Francisco | $100K – $500K | 39 | Both | Mar 2026 · Active | ~2 wks | Open |
| 74 | ▶ HOF Capital #88 · Top 100 · 2026 HOF Capital invests in relentlessly ambitious founders building world-changing technologies that accelerate abundance: sustained technological progress that expands access to opportunity, health, and economic prosperity. Its current public thesis emphasizes AI and agentic systems as amplifiers of discovery, engineering, and knowledge creation, alongside frontier infrastructure and applications that can shorten scientific and technological invention timelines. New York | $500K – $10M | 36 | Both | Aug 2026 · Active | ~2 wks | Req'd |
| 75 | ▶ Plug N Play Ventures Connect innovative startups to 550+ corporate partners who have real business problems to solve. Our platform creates a flywheel of pilots, enterprise customers, and follow-on capital for founders who value long-term partnership and have credible paths to $100M+ ARR. Sunnyvale | $25K – $3M | 51 | Both | ~Jul 2026 · Active | ~1 wk | Open |
| 76 | ▶ DG Daiwa Ventures Invest in and provide business-development support to startups building next-generation technology, bridging Japanese and global markets by combining Digital Garage's startup network with Daiwa Securities Group's capital and financial infrastructure. Tokyo | $200K – $5M | 52 | Both | Sep 2026 · Active | N/A | N/A |
| 77 | ▶ Heartfelt Capital Europe's first cheque fund: the first institutional investor for exceptional European (and European-origin) founders, helping them go from 0 to 1 and reach product-market fit, backed by anchor corporate relationships with Axel Springer and Porsche. Berlin | $100K – $400K | 161 | Both | Sep 2026 · Active | N/A | Open |
| 78 | ▶ Mercury Fund Mercury backs disruptive AI and Blockchain-enabled startups outside Silicon Valley, with a focus on capital-efficient founders in the Central US reimagining core industries including fintech, enterprise software, healthcare, energy, manufacturing, and logistics through their five investment themes: Work, Build, Journeys, Data, and Power. Houston | $100K – $5M | 53 | Leads | Jul 2026 · Active | ~2 mo | Open |
| 79 | ▶ SpeedInvest Backs globally ambitious technology companies from pre-seed and seed through selected growth rounds using specialist EMEA sector teams and a platform model for capital, customers, talent, follow-on investors, and operational support. Vienna | $250K – $30M | 55 | Leads | ~Aug 2026 · Active | N/A | Open |
| 80 | ▶ Serena Ventures We back bold founders reshaping how we live, work, move, and connect. Our perspective is global. Our standard is excellence. Our purpose is to expand access, ownership, and opportunity at scale. We view the underfunding of women and founders of color as a market inefficiency. San Francisco | $100K – $500K | 41 | Both | May 2026 · Active | ~2 wks | Open |
| 81 | ▶ BITKRAFT Ventures BITKRAFT invests in Synthetic Reality—the convergence of physical and digital worlds. We back gaming studios, interactive media platforms, and emerging technology (Web3, AI, AR/VR) that will define how humans experience entertainment and social connection in the future. Denver | $500K – $10M | 124 | Leads | Feb 2026 · Active | ~2 wks | Open |
| 82 | ▶ K Fund We invest €100k to €15M in entrepreneurs with the capacity to create differentiated technology-based products and services, backing the crazy, contrarians, and outliers from pre-seed to Series B across Southern Europe and Latin America. Madrid | $100K – $15M | 95 | Both | ~Sep 2026 · Active | N/A | N/A |
| 83 | ▶ Passion Capital Passion Capital backs outstanding European founders building in AI, FinTech, and Enterprise Risk, investing at the pre-seed and seed stage—often before revenue or product exist. Europe's first operator-led VC fund, pioneering Plain English term sheets. Writes initial cheques of £400K–£500K as the founders' first institutional investor. London | $500K – $625K | 112 | Both | Jul 2026 · Active | ~1 mo | Open |
| 84 | ▶ Advancit Capital We partner with best-in-class entrepreneurs building the next generation of leading companies at the intersection of media, entertainment, technology, and web3. Our distinctive value comes from facilitating strategic connections between portfolio companies and major media conglomerates, distribution platforms, and Fortune 500 media executives. Norwood, MA | $50K – $1M | 28 | Leads | Apr 2026 · Active | ~2 wks | Req'd |
| 85 | ▶ Innovating Capital Technology can have a highly disruptive impact on society. We back founders on the forefront of innovation with clear vision towards positive change, leveraging domain expertise to ensure value creation. Founder-first approach with operational support. New York | $250K – $5M | 38 | Leads | Jan 2026 · Active | ~1 mo | Open |
| 86 | ▶ Propel Venture Partners Backs early-stage founders rebuilding how financial value is created, moved, secured, embedded, and governed, especially across fintech, financial infrastructure, AI-native financial workflows, payments, crypto infrastructure, insurance, and enterprise software for regulated institutions. San Francisco | $500K – $5M | 44 | Both | Apr 2026 · Active | ~1 wk | N/A |
| 87 | ▶ Tribe Capital Apply AI and data science to identify and invest in N-of-1 companies with 10-100x potential. Back founders who expand individual freedom and decentralize power. Invest in companies that embody principles from the Bill of Rights (voice, fair process, proportionality, user power) and Bitcoin whitepaper (trust-minimized, verifiable, aligned incentives, open access). Menlo Park | $500K – $5M | 60 | Leads | Mar 2026 · Active | ~1 wk | Open |
| 88 | ▶ Leblon Capital We back the boldest, most ambitious founders that seem unlikely to succeed, investing our own capital with no fund clock so we can remain invested indefinitely. Munich | $150K – $10M | 110 | Follows | May 2026 · Active | N/A | N/A |
| 89 | ▶ Race Capital #87 · Emerging 100 · 2026 Support founders building the next-generation infrastructure stack for the AI era. We back infra-first, engineering-led companies built for enterprises, with founder-market fit and execution speed. Palo Alto | $250K – $5M | 40 | Leads | Feb 2026 · Active | ~2 wks | Open |
| 90 | ▶ Balderton Capital Balderton Capital backs European-founded technology companies with visionary founders building transformative businesses. The firm combines patient capital, operational expertise, and founder support to enable European entrepreneurs to build world-class companies. | $500K – $15M | 200 | Leads | May 2026 · Active | ~2 wks | Open |
| 91 | ▶ Floodgate Breakthrough startups are designed futures, not lottery tickets. We back extraordinary founders with breakthrough insights before the world believes. We are co-conspirators, not just investors. | $250K – $1M | 127 | Leads | Feb 2026 · Active | N/A | Open |
| 92 | ▶ Uncork Capital We back bold founders at the earliest stages with capital and deep operational support. High-conviction, long-term partnerships with founders solving real problems. Founder-market fit above all else. Speed, transparency, and staying committed through difficult times. | $1.5M – $3M | 200 | Leads | Apr 2026 · Active | ~2 wks | Req'd |
| 93 | ▶ Boost VC Back the quirky underdog pursuing seemingly impossible ideas. Frontier tech (aerospace, biotech, climate, robotics, crypto, AI, VR/AR) will create the next generation of legendary companies. Technical founders with deep domain expertise can solve the hardest problems in physics, chemistry, and computing. San Mateo, California | $500K – $3M | 30 | Leads | Dec 2025 · Active | ~1 wk | Open |
| 94 | ▶ Skyfall Ventures AI represents a fundamental platform shift, reshaping how companies build products, scale and compete. Reduced innovation costs and advanced tooling enable small Nordic teams to challenge incumbents rapidly. Back founders who believe in paradigm-shifting breakthroughs requiring tectonic shifts in technology or market dynamics. Focus on Nordic early-stage companies with strong software components and at least one technical co-founder. Oslo | $250K – $5M | 36 | Leads | Dec 2025 · Active | ~1 mo | Open |
| 95 | ▶ Galaxy Interactive Gaming-born technologies—GPUs, real-time rendering, virtual economies—now power AI, spatial computing, and blockchain. We invest in the foundational infrastructure enabling the convergence of digital and physical worlds. New York | $500K – $10M | 21 | Leads | Dec 2025 · Active | ~2 wks | Req'd |
| 96 | ▶ Timon Capital Technology-driven solutions that reshape markets in Sub-Saharan Africa and emerging markets. We back exceptional founders building mission-critical capabilities in fintech, logistics, and deeptech. We are patient capital from former entrepreneurs who deeply understand the emerging market journey. Lagos | $500K – $5M | 34 | Both | Dec 2025 · Active | ~1 wk | Open |
| 97 | ▶ Shrug Capital Identifying culturally resonant, consumer-focused companies with differentiated products and founder teams that will capture global attention. We invest across technology, consumer behavior, entertainment, and culture—seeking to spot emerging trends before they reach mainstream awareness. We operate as a partnership combining rigorous deal selection with exceptional founder support, creative marketing, and deep understanding of consumer psychology. San Francisco | $500K – $2M | 114 | Both | Dec 2025 · Active | ~2 wks | Open |
| 98 | ▶ Escape Velocity (EV3) We underwrite people before revenue, users, or a product even exists. The tokenization of money, data, identity, energy, and intelligence will re-shape the world's most important industries, starting with decentralized physical infrastructure networks (DePIN). New York | $500K – $5M | 36 | Leads | Oct 2025 · Active | N/A | Open |
| 99 | ▶ Byld Ventures Exceptional companies come from founders with the courage to follow their own path and defy conventional wisdom. We invest in the first few months of a startup's life in emerging markets where financial inclusion remains unsolved. We take pride in being the first institutional capital, lead 80% of our investments, and bring operational experience and patience to founder partnerships. London | $100K – $1M | 35 | Leads | Nov 2025 · Active | ~1 wk | Open |
| 100 | ▶ Raba Partners We are long-term business partners to founders. We operate as an investment partnership focused on founders building category-defining African technology companies, with tight founder-investor-LP alignment and deep operational support. Cape Town | $100K – $3M | 38 | Leads | May 2025 · Active | ~1 mo | Open |
| 101 | ▶ Serena Capital We back bold entrepreneurs who think big and are committed to becoming the next major tech players. We invest from pre-seed to series A with strong operational support, focusing on technology-driven solutions across AI, climate tech, fintech, SaaS, and impact-driven sectors. | $100K – $15M | 115 | Leads | Dec 2025 · Active | ~2 wks | Open |
| 102 | ▶ Dreamers VC Where capital becomes culture. Dreamers VC bridges established Japanese corporate investors with early-stage US companies by combining entertainment, sports, and technology expertise. The fund leverages celebrity networks, entertainment channels, and Japanese corporate partnerships to amplify storytelling and enable cross-cultural market expansion. Los Angeles | $250K – $5M | 43 | Both | Oct 2025 · Active | ~1 mo | Req'd |
| 103 | ▶ Motivate Motivate backs incredible founders with strong domain knowledge tackling real, durable problems in large and growing markets, with Fund III now centered on early-stage fintech defined broadly as exchanges of value, transfer of risk, and allocation of resources across industries. The firm emphasizes AI, new rails, regulatory tailwinds, regulatory infrastructure, financial workflows, proprietary data moats, and network effects. Chicago | $250K – $3M | 50 | Both | Jun 2025 · Active | ~1 mo | Req'd |
| 104 | ▶ Signia Venture Partners Partner with passionate entrepreneurs building companies that change the way we live, work, play, or learn. We're operator-first investors who provide capital, strategic guidance, and operational mentorship alongside network and investor connections. Redwood City, California | $500K – $3M | 40 | Leads | Jul 2025 · Active | ~2 wks | Req'd |
| 105 | ▶ Script Capital Pre-seed fund investing in technical founders building developer-facing tools and infrastructure. Focused on curiosity, velocity of learning, and rapid building. Believe the world is shaped by unique insights at the intersection of art/culture and math/science. San Francisco | $250K – $750K | 74 | Leads | Jun 2025 · Active | ~1 wk | Open |
| 106 | ▶ Unicorn Growth Ventures The future of finance is Web3. Every company should be a fintech company. We invest at the intersection of TradFi and DeFi, partnering with ambitious founders to reinvent industries and transform financial infrastructure. New York | $500K – $10M | 10 | Both | Feb 2025 · Active | ~2 wks | Open |
| 107 | ▶ Audacity Fund Invest in Black and African-led crypto startups building for the next 100 years of technological and economic transformation. Founders with access to multiple cultures and communities have unfair advantage in building viral technologies that tap into overlooked, high-value markets. San Francisco | $250K – $1M | 8 | N/A | Jun 2022 · Between | ~1 mo | Req'd |
What other stages do these firms also invest in?
What other sectors do these firms also invest in?
Firms that frequently co-invest with investors on this page
F4 Fund tracks 107 VC firms that actively invest in crypto & web3 at the Pre-Seed stage. Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.
Based on F4's analysis, the median check size for pre-seed crypto & web3 investors is $2.6M, with a full range from $25K – $1650M. The distribution breaks down as: 8 firms in the <$500K range, 14 firms in the $500K-$1M range, 18 firms in the $1M-$2M range, 31 firms in the $2M-$5M range, 20 firms in the $5M-$10M range, 16 firms in the $10M+ range.
Among the 107 firms tracked, 93% lead or co-lead rounds, and 5% typically follow. Founders seeking a lead investor should filter for firms marked "Leads" or "Both" in the rankings table above. Lead investors typically set deal terms and anchor the round.
The best pre-seed crypto & web3 investors combine domain expertise with an active portfolio in the space. Among these firms, 24% prefer warm introductions, and the average firm has 54 portfolio companies. Look for firms whose check size matches your raise, whose stage preference aligns with yours, and who have a track record of supporting companies in your sector through multiple growth phases.
Firm profiles are continuously updated through F4's research pipeline, which combines LLM-powered web research, portfolio analysis, and transcript extraction. The ranking data refreshes every 12 hours. Editorial analysis is reviewed weekly. Individual firm profiles are re-researched on a 30-day cycle or when new information surfaces.
Investors on this page also frequently invest in these sectors