Top 14 Venture Capital Firms Investing in Blockchain

For founders in the blockchain, crypto, and Web3 sectors, identifying the right investors is a crucial part of raising capital. Understanding which venture capital firms are active in your space can significantly improve your fundraising process.

To help you find the right partners, our team has curated this guide to the top blockchain VC firms. We've focused on the investors most relevant to founders like you, giving you a clear overview to support your capital raise.

Rho provides access to business banking, corporate cards, and bill pay — built for startup teams moving fast.

Key Takeaways

• Securing venture funding provides the capital necessary to develop your product, expand your team, and establish a presence in the market.

• Notable backers in the blockchain industry include firms like Coinbase, Ripple, Paradigm, and Blockchain Capital, which are known for supporting a variety of startups.

• Once you've secured funding, Rho helps you manage and deploy your capital with integrated business banking, corporate cards, and automated bill pay.

Which VC Firms in Blockchain Are Right for Your Stage?

Whether your startup is in its early days or you're preparing for an exit, knowing which investors to approach is key. Here is a brief overview of venture capital firms in the blockchain sector and the stages at which they typically invest.

Pre-seed and Seed VC Firms in Blockchain

Pre-seed and seed funding are the earliest forms of capital, typically used to validate your idea, build a minimum viable product (MVP), and make your first key hires. For founders in this initial phase, crypto VC firms like Robot Ventures, Coinbase Ventures, and Bloccelerate are known for backing blockchain and Web3 startups from their inception.

Early Stage VC Firms in Blockchain

Early-stage funding, which includes Series A and B rounds, is for startups with a proven product and initial market traction looking to scale their operations and team. Some early-stage venture capital firms focusing on this growth phase include Race Capital and CMT Digital, which both concentrate on early-stage opportunities in tech and blockchain.

Late Stage VC Firms in Blockchain

Late-stage funding is designed for established companies with significant revenue and market share, helping them prepare for an exit, such as an IPO or acquisition. Prominent late-stage VC firms that support companies through this final growth push are Legendary Ventures and Blockchain Capital, which both have experience with secondary markets and private equity.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

It's also worth noting that many major VC firms invest across all startup funding stages, from seed to exit.

Below is a closer look at the top VC firms focusing on the blockchain sector. We've included key details about their investment stages, geographic focus, and what makes each firm a compelling partner for founders like you.

1. Coinbase

As one of the most recognized crypto exchanges, Coinbase's venture arm, Coinbase Ventures, invests in startups building an open financial system. They support companies that align with their mission to increase economic freedom globally.

Coinbase Ventures backs early-stage founders, often at the pre-seed and seed stages, with a clear focus on blockchain infrastructure, DeFi, and Web3 applications. As Coinbase Ventures reports, their portfolio includes foundational projects like the NFT marketplace OpenSea and the decentralized exchange Uniswap.

This firm is an ideal partner for founders building core crypto protocols and platforms that can benefit from the deep ecosystem and distribution Coinbase provides. If your startup is creating foundational technology for the blockchain space, their strategic support could be invaluable.

Once you secure funding from a partner like Coinbase, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Pre-seed and seed

• Industries of focus: Blockchain, Cryptocurrency, FinTech, Web3

• Geographical presence: San Francisco, but invests globally

• Founded: 2012

• Notable portfolio companies: OpenSea, Uniswap, Arbitrum, Optimism

You can refer to their website here.

2. Ripple

Ripple is a technology company known for its solutions in cross-border payments, crypto liquidity, and central bank digital currencies. As an investor, it supports companies that align with its goal of building a more efficient global financial infrastructure.

The firm primarily invests in the FinTech, payments, and Web3 sectors. While focused on its core mission, its portfolio also includes enterprise software companies like the AI agent builder Voiceflow and the logistics platform Rose Rocket, showing a wider interest in foundational business technology.

Ripple is a good match for founders developing solutions in global payments, decentralized finance, and financial infrastructure. Startups that can leverage Ripple’s technology and partnerships to scale their operations will find them to be a valuable strategic partner.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Early Stage Venture

• Industries of focus: Blockchain, Cryptocurrency, FinTech, Foreign Exchange Trading, Payments, Web3

• Geographical presence: San Francisco, but invests globally

• Founded: 2012

• Notable portfolio companies: Voiceflow, Rose Rocket, ZenHub, Wisedocs

You can refer to their website here.

3. Paradigm

Paradigm is a research-focused investment firm that supports crypto companies and protocols from their earliest stages of development. They provide flexible, long-term capital to founders building the future of finance.

The firm is known for its deep technical expertise and research-oriented approach, backing foundational projects across the crypto ecosystem. Their portfolio includes major players like the exchange Coinbase, the NFT marketplace OpenSea, and the decentralized exchange Uniswap.

Paradigm is an excellent partner for founders with a strong technical background who are building new protocols or core infrastructure. If your startup is focused on creating technically complex solutions for Web3, their support could be a significant asset.

Once you secure funding from a partner like Paradigm, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, early-stage, and late-stage venture

• Industries of focus: Blockchain, Cryptocurrency, FinTech, Web3

• Geographical presence: San Francisco, but invests globally

• Founded: 2018

• Notable portfolio companies: Coinbase, Uniswap, Optimism, OpenSea, dYdX

You can refer to their website here.

4. Blockchain Capital

As one of the first venture firms to focus exclusively on the blockchain sector, Blockchain Capital invests in companies building on the technology. Since 2013, it has backed businesses across the crypto ecosystem, establishing a long track record in the industry.

The firm is notable for its broad investment mandate, supporting companies from seed stage through late-stage and secondary markets. Its portfolio includes foundational names like the exchange Coinbase and the NFT marketplace OpenSea, showing a clear strategy of backing category-defining companies.

Blockchain Capital is a good fit for founders at any stage who are building core infrastructure or applications in the blockchain and FinTech space. Their ability to provide long-term support makes them a compelling partner for ambitious teams looking to scale.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage venture, late-stage venture, secondary market

• Industries of focus: Bitcoin, Blockchain, Cryptocurrency, Finance, FinTech

• Geographical presence: San Francisco, but invests globally

• Founded: 2013

• Notable portfolio companies: Aave, Anchorage Digital, Coinbase, Kraken, OpenSea

You can refer to their website here.

5. Solana

Solana is a high-performance blockchain platform, and its venture arm invests in projects that expand its ecosystem. The firm supports decentralized applications and crypto-native companies building directly on Solana's infrastructure.

The firm's strategy is centered on nurturing its own ecosystem by backing foundational tools and applications on the Solana network. According to data from Chain Broker, its portfolio includes key players like the NFT marketplace Magic Eden and the move-to-earn app STEPN, demonstrating a focus on infrastructure and user-facing apps.

Solana is an ideal partner for founders committed to building within its ecosystem, especially those developing DeFi, NFT, or infrastructure projects. If your startup's success depends on high transaction speeds and low costs, their strategic support can be a significant asset.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Crowdfunding

• Industries of focus: Apps, Blockchain, Cryptocurrency, Finance, FinTech, Virtual Currency

• Geographical presence: San Francisco

• Founded: 2017

• Notable portfolio companies: Magic Eden, STEPN, Jito Labs, Phantom, Metaplex

You can refer to their website here.

6. Robot Ventures

Robot Ventures is a venture capital firm that provides pre-seed and seed funding to companies in the FinTech and blockchain sectors.

The firm concentrates on foundational crypto infrastructure, backing highly technical projects from their earliest stages. Its portfolio includes critical Ethereum ecosystem players like the restaking protocol Eigenlayer and MEV software provider Flashbots.

Robot Ventures is a strong match for founders with deep technical expertise building core protocols and infrastructure for DeFi and the broader crypto space.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Pre-seed, seed, early-stage venture

• Industries of focus: FinTech, Blockchain

• Geographical presence: New York

• Founded: 2018

• Notable portfolio companies: Eigenlayer, Flashbots, Together AI, Optimism, Compound

You can refer to their website here.

7. Borderless Capital

Borderless Capital is a Web3-native investment manager that focuses on building and supporting blockchain ecosystems. They provide capital to companies creating the next generation of financial services and decentralized applications.

The firm invests across a wide range of stages, from seed and ICOs to late-stage venture, signaling a long-term commitment to its portfolio companies. Their investments include the gaming giant Epic Games and the Web3 security startup Hypernative, which shows their interest in both consumer-facing platforms and core infrastructure.

Borderless Capital is a good match for founders at nearly any stage who are building within the Web3, blockchain, or FinTech sectors. Their broad focus makes them a potential partner for teams working on everything from metaverse projects to financial protocols.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage, late-stage venture, and ICOs

• Industries of focus: Web3, Blockchain, FinTech, Financial Services

• Geographical presence: Atlanta, but invests globally

• Founded: 2018

• Notable portfolio companies: Epic Games, Everyrealm, Ethernity Chain, Hypernative, Mountain Protocol

You can refer to their website here.

8. Framework Ventures

Framework Ventures is a venture capital firm that invests in founders building with blockchain technology, with a focus on decentralized finance (DeFi) and Web3.

The firm is known for its hands-on approach, concentrating on foundational protocols and applications that power the Web3 ecosystem. Its portfolio includes DeFi leaders like Aave, which surpassed $20 billion in total value locked, and the essential oracle network Chainlink.

Framework Ventures is a strong fit for founders developing core blockchain infrastructure, DeFi protocols, or Web3 applications, especially teams that value deep involvement from their investment partners.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage venture, and ICOs

• Industries of focus: Blockchain, Cryptocurrency

• Geographical presence: San Francisco, but invests globally

• Founded: 2019

• Notable portfolio companies: Aave, Chainlink, Optimism, Celestia, Illuvium

You can refer to their website here.

9. Race Capital

Race Capital is an early-stage venture fund that concentrates on infrastructure-focused companies. They partner with founders at the seed and early stages, providing initial capital to build foundational technology.

The firm has a clear focus on infrastructure, backing companies in blockchain, AI, and enterprise software. Their portfolio includes major successes like the data-and-AI platform Databricks and the popular note-taking app Goodnotes, showing their ability to identify future market leaders early.

Race Capital is a great fit for founders building foundational technology in sectors like blockchain, AI, and cloud infrastructure. Once you secure funding from a partner like Race Capital, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed and early-stage venture

• Industries of focus: Blockchain, Web3, Cloud Infrastructure, Enterprise Software

• Geographical presence: Palo Alto

• Founded: 2019

• Notable portfolio companies: Databricks, Goodnotes, Groq, Vectara

You can refer to their website here.

10. Coinbase Ventures

As the investment arm of Coinbase, Coinbase Ventures provides capital to seed-stage cryptocurrency and blockchain startups. The firm supports companies that are building toward an open financial system.

Coinbase Ventures invests across a wide range of funding stages, from seed and ICOs to late-stage rounds, signaling a flexible, long-term approach. Its portfolio includes foundational projects like the layer-2 scaling network Polygon and the layer-1 blockchain NEAR Protocol, showing its focus on core infrastructure.

The firm is a strong match for founders developing new protocols and applications in the crypto space, particularly at the seed stage. If your startup can benefit from the strategic resources of the broader Coinbase ecosystem, they are a valuable potential partner.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage venture, late-stage venture, and ICOs

• Industries of focus: Blockchain, Cryptocurrency, Finance, Financial Services, FinTech

• Geographical presence: Oakland, but invests globally

• Founded: 2018

• Investor type: Corporate Venture Capital

• Notable portfolio companies: Polygon, NEAR Protocol, Aptos, Arweave

You can refer to their website here.

11. CMT Digital

CMT Digital is a venture capital and proprietary trading firm that invests globally in blockchain and Web3 companies. They focus on providing capital to early-stage startups building new financial infrastructure.

The firm has a history of backing foundational companies in the crypto space, including the exchange Coinbase and USDC issuer Circle. Their dual role as both investors and traders gives them a unique perspective on the market.

CMT Digital is a good fit for founders at the seed or early stages who are developing core technologies in blockchain, crypto, or FinTech. Their track record suggests a preference for companies with the potential to become industry cornerstones.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, convertible note, and early-stage venture

• Industries of focus: Blockchain, Cryptocurrency, Financial Services, FinTech

• Geographical presence: Chicago

• Founded: 2017

• Notable portfolio companies: Coinbase, Circle, Consensys, BlockFi

You can refer to their website here.

12. Electric Capital

Electric Capital is a venture firm that invests in cryptocurrency, blockchain, and FinTech companies. They support founders building the foundational layers of the new digital economy.

The firm invests across all stages, from seed to late-stage venture, showing a capacity for long-term support. Their portfolio features foundational companies like the Web3 infrastructure provider ConsenSys and the crypto exchange Kraken, which Sacra values near $5.5 billion, signaling a focus on core protocols and platforms.

Electric Capital is a strong partner for founders building ambitious, long-term projects in crypto infrastructure, DeFi, and Web3. Their broad stage focus makes them a good fit for teams seeking a partner who can provide capital throughout their growth journey.

Once you secure funding from a partner like Electric Capital, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, early-stage, late-stage venture, and ICOs

• Industries of focus: Blockchain, Cryptocurrency, Financial Services, FinTech

• Geographical presence: Palo Alto

• Founded: 2013

• Portfolio size: 115 investments

• Notable portfolio companies: ConsenSys, Kraken, Magic Eden, dYdX, NEAR

You can refer to their website here.

13. Bloccelerate VC

Bloccelerate VC is a global fund and accelerator that invests in blockchain companies around the world. They provide capital to startups building foundational technology for the decentralized web.

The firm supports companies at the seed and early stages, with a clear focus on foundational protocols and infrastructure. Their portfolio includes major players like the restaking protocol EigenLayer and the layer-1 network Avalanche, showing a strategy of backing core blockchain technology.

Bloccelerate is a good fit for founders building core blockchain infrastructure, especially those seeking a partner comfortable with token-based investments. Their focus on early-stage companies makes them a strong choice for teams at the beginning of their journey.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage venture

• Industries of focus: Blockchain

• Geographical presence: Seattle, but invests globally

• Founded: 2018

• Notable portfolio companies: Ethereum, Avalanche, EigenLayer, Osmosis, Hedera Hashgraph

• Portfolio size: 31 investments

You can refer to their website here.

14. Legendary Ventures

Legendary Ventures is a venture capital fund that invests in consumer retail companies, with a focus on accelerating their growth and value.

The firm is notable for supporting companies across all funding stages, from seed rounds to private equity and secondary markets. Its portfolio includes iconic brands like Airbnb and transformative tech companies like SpaceX, showing a strategy of backing businesses with massive market potential.

Legendary Ventures is a good match for founders building consumer-focused businesses, including those in the blockchain and FinTech sectors. Their ability to invest across all stages makes them a compelling partner for teams with long-term, ambitious growth plans.

Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

• Investment stages: Seed, early-stage venture, late-stage venture, private equity, secondary market

• Industries of focus: Consumer Goods, FinTech, Blockchain, Internet, Impact Investing

• Geographical presence: New York

• Founded: 2019

• Notable portfolio companies: SpaceX, Airbnb, Lululemon, Etsy, FiscalNote

• Portfolio size: 22 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Blockchain Companies

The variety of firms on this list shows that the investment scene for blockchain companies is quite mature. You have access to investors focused on every stage, from pre-seed and seed rounds to late-stage growth capital. While many top firms are based in U.S. hubs like San Francisco, their focus is often global, so opportunities are not confined by geography.

This balance suggests a healthy sector where investors are prepared to offer long-term support. For you as a founder, this means you can find partners for your current stage while also planning for future capital needs. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.

Raise Confidently with Rho

Raising capital requires your full attention, and your time is best spent with investors who are a true fit. We hope this list helps you connect with the right partners for your company's stage and goals.

After your fundraise, the next step is putting that capital to work efficiently. If you’ve just raised, Rho can help you set up your financial stack in minutes.

Our platform provides the tools you need to manage your new funding with confidence. We offer integrated business banking, corporate cards, and automated bill pay, all in one place.

FAQs about Venture Capital Firms Focused on Blockchain

Which US cities are hubs for blockchain VC firms?

Beyond Silicon Valley, cities like New York and Miami have become major centers for blockchain and crypto investment. Many firms also invest globally, so your location may not be a barrier to securing funding from top US VCs.

What do early-stage crypto VCs look for?

Early-stage crypto VCs prioritize a strong technical team, a clear problem you're solving within the Web3 ecosystem, and a well-defined vision for your protocol or application. A working prototype or initial traction can also be very compelling.

Are there active Web3 venture capital firms in Europe?

Yes, Europe has a growing number of Web3 VC firms, with hubs in London, Berlin, and Zug. Many US and global firms also have a strong presence and actively invest in European blockchain startups, so your options are broad.

How do corporate venture capital (CVC) firms differ?

Corporate venture capital firms, like Coinbase Ventures, are investment arms of larger companies. They often provide strategic value beyond capital, such as access to their platform, ecosystem, and industry expertise to accelerate a startup's growth.

What is the first step to approach a blockchain VC firm?

Start by researching firms that align with your startup's stage and focus. A warm introduction through a mutual connection is often most effective, but many firms also have open application processes on their websites for founders to submit pitches.

How can Rho help after I secure funding?

Once your fundraise is complete, our platform helps you manage your new capital. We provide integrated business banking, corporate cards, and automated bill pay, all in one place. Get started with Rho today.