Venture capital funds serve as a crucial presence for the growth and success of crypto startups. VCs act as a catalyst in making the highly volatile crypto industry, a friendly one for the starters.
These funds invest in promising businesses that are in their early stages and help them progress in a stable way. Here you can read about the top crypto VCs in the industry.
Coinbase Ventures
Coinbase Ventures is a venture capital firm by Coinbase, one of the leading crypto exchanges in the world. It was founded in 2018 and focuses on investing in early-stage companies functioning in crypto, blockchain, and related niches.
Coinbase Ventures prefers crypto and web3-based entrepreneurs and it shares the vision of Coinbase its parent firm to create an advanced level of economic freedom for the global citizens.
It has invested in multiple teams including NFTs, Web3 infrastructure, DeFi, layer 1 protocols, developer tooling, centralized on-ramps, metaverse technologies, and much more.
Binance Labs
Binance Labs is another one of the top crypto VCs. It is the investment division of the crypt exchange giant Binance. It has been in this industry for the past 6+ years and operates across the globe and its services are available in 25+ countries all over the world.
So far, Binance has powered more than 200 projects in the world. Binance Labs focuses on identifying viable blockchain entrepreneurs investing in them and empowering them to reach new heights. It also invests in blockchain startups and communities and enhances the growth of the blockchain ecosystem.
Pantera Capital
Pantera Capital has been operating since 2013 and is one of the earliest crypto venture capital. It was founded by Dan Morehead who was former Head of MMacro Trading and CFO at Tiger Management.
Back in 2013, Pantera Capital gave form to the first blockchain hedge and venture funds in the US. so far, it has led about half of 210 investments and has released $242 million on $57 million of invested capital over 28 companies. Earlier in 2021 Pantera Blockchain Fund launched a wrapper for the entire spectrum of the blockchain assets.
Alchemy Ventures
It was in 2016 that Alchemy Venture started its journey as a crypto VC. A few of the major investments made by the company have been in Genies, Roll, and MatterLabs.
Alchemy Ventures operates with a vision to empower developers and communities which are in their initial stages. It focuses on developers and communities in gaming, and Web 3 applications using Blockchain, metaverse, and DeFi. It has a goal to make blockchain accessible to a billion people. They aim to invest in and help the promising companies in the Web3 ecosystem and turn them into the most used applications.
Andreessen Horowitz (a16z)
Andreessen Horowitz (a16z) was founded back in 2009. It invests in tech entrepreneurs who are in their seed stage, venture stage as well as in growth stage. The company has instead companies in a myriad of niches such as crypto, fintech, games, AI, enterprise, consumer, bio + healthcare, and also in those ventures that gravitate towards the American dynamism.
As of the latest reports, a16z has $35 billion in assets under management. Their operation has connected entrepreneurs, investors, engineers, industry experts, executives, academics, and cultural geniuses in the tech ecosystem.
Blockchain Capital
Blockchain Capital has been operating since the year 2013. It was launched as the first VC fund completely dedicated to crypto builders. It was formerly a crypt partner and was launched by the two brothers Paul Bartlett Stephens and William Bradford Stephens, often referred to as Bart and Brad.
The company actively invests in many projects in the blockchain industry and has financed more than 170 companies and projects since its launch. Currently, Blockchain Capital has more than 2 billion US dollars worth of assets under management. The company has also begun to invest out for its sixth multi-stage fund.
Dragonfly Capital Partners
Dragonfly Capital Partners was founded a few years ago in 2018. They call themselves crypto natives and have been making active contributions in building and investing in crypto communities and more.
They operate with a vision to assist the crypto teams to access innovation and adoption and to become globally successful. So far, Dragonfly Capital Partners has supported protocols, exchanges, apps, and more.
The Bottom Line
We hope you were able to identify the role of VCs in the growth of crypto startups. They invest in promising crypto startups in their budding stages and help them to grow higher and turn into successful businesses. Here we talked about the top crypto VCs. If you have any doubts please let us know in below comment section.
