Top 14 Venture Capital Firms Investing in Blockchain

For founders preparing to raise capital, understanding the venture capital environment in the blockchain space is essential. With numerous crypto and web3 venture capital firms out there, each with a unique thesis, identifying the right partner who truly gets your vision is a critical first step.

To help you focus your efforts, our team at Rho curated this guide to the top VC firms investing in blockchain technology. It’s a straightforward overview of key investors, from early-stage to growth rounds, to help you build your target list for fundraising.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Rho provides access to business banking, corporate cards, and bill pay—built for startup teams moving fast.

Key Takeaways

• For blockchain startups, securing venture funding provides the capital and strategic guidance necessary for development and scaling.

• The blockchain industry includes active investors like Coinbase, Ripple, Paradigm, and Blockchain Capital, known for backing a variety of new companies.

• Whether you are actively raising or have just closed a round, Rho helps you manage your capital with business banking, corporate cards, and bill pay.

Which VC Firms in Blockchain Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, it helps to know which investors to approach. Here’s a quick look at some of the key VC firms in the blockchain space, organized by the stages they invest in.

Pre-seed and Seed VC Firms in Blockchain

Pre-seed and seed funding are the earliest forms of capital, typically used to validate an idea and build a minimum viable product. For founders at this initial stage, web3 VC firms like Robot Ventures and Coinbase Ventures are known for backing companies from their inception. Even at this stage, Rho Capital can connect you to non-dilutive funding options like venture debt and credit lines, helping you extend your runway without giving up equity.

Early Stage VC Firms in Blockchain

Early-stage funding, which includes Series A and Series B rounds, helps startups with a proven product achieve product-market fit and begin scaling. Early-stage VC firms such as Race Capital, CMT Digital, and Ripple focus on helping companies with initial traction grow their operations.

Late Stage VC Firms in Blockchain

Late-stage venture capital is for established companies looking to expand into new markets, make acquisitions, or prepare for an IPO. Prominent late-stage VC firms, including Legendary Ventures and Blockchain Capital, provide the significant capital required for this level of expansion. Once you secure a significant round, Rho’s integrated platform helps you manage and deploy your capital efficiently with tools for business banking, corporate cards, and automated bill pay.

It's also worth noting that many crypto VC firms, including Paradigm and Framework Ventures, invest across all funding stages, from seed to growth.

To help you find the right investment partner, we've compiled information on leading VC firms in the blockchain industry. The following list covers their typical investment stages, where they invest, and what distinguishes them.

1. Coinbase

As a major crypto exchange and wallet platform, Coinbase's venture arm, Coinbase Ventures, invests directly in promising blockchain startups. Once you secure funding from a firm like this, Rho’s integrated platform helps you manage and deploy capital efficiently with tools for banking and bill pay.

The firm focuses on early-stage companies building foundational crypto infrastructure, from protocols to platforms. Their portfolio includes category-defining companies like the NFT marketplace OpenSea and the decentralized exchange Uniswap.

Coinbase Ventures is an ideal partner for founders developing on-chain applications and protocols that can benefit from deep integration with a leading exchange. If you're at this early stage, Rho Capital can also connect you with non-dilutive financing to extend your runway while you seek the right VC partner.

• Investment stages: Pre-seed and seed
• Industries of focus: Blockchain, Cryptocurrency, FinTech, Trading Platforms
• Geographical presence: San Francisco, California
• Founded: 2012
• Notable portfolio companies: OpenSea, Uniswap, Arbitrum, Optimism
• Portfolio size: Over 40 investments

You can refer to their website here.

2. Ripple

Ripple operates as a technology company providing solutions for cross-border payments, crypto liquidity, and central bank digital currency. The firm also invests in startups, particularly those that align with its focus on improving financial infrastructure.

The firm has a clear focus on fintech and blockchain, but its portfolio also includes enterprise software companies like AI-agent builder Voiceflow. This suggests an interest in foundational technologies that support a wide range of industries, not just finance.

Ripple is a strong potential partner for founders building in the payments and crypto space who can benefit from its industry position. After securing a round, our tools at Rho help you manage that capital with business banking, corporate cards, and automated bill pay.

• Investment stages: Early Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, FinTech, Payments, Web3
• Geographical presence: San Francisco, California
• Founded: 2012
• Notable portfolio companies: Voiceflow, Rose Rocket, ZenHub
• Portfolio size: Over 40 investments

You can refer to their website here.

3. Paradigm

Paradigm is a research-driven investment firm that backs crypto companies and protocols across all stages, from inception to maturity. They take a flexible, long-term approach, often getting deeply involved with the projects they support.

The firm’s emphasis on research signals a deep technical focus, and its portfolio includes foundational companies like Coinbase, Uniswap, and OpenSea. This shows a clear preference for backing ambitious, category-defining projects that shape the crypto industry.

Paradigm is an excellent match for founders with a strong technical vision who are building complex protocols or platforms. Once you secure a round with a firm like Paradigm, our platform at Rho can help you manage your new capital with integrated banking and spending controls.

• Investment stages: Seed, Early Stage, Late Stage, ICO
• Industries of focus: Cryptocurrency, Blockchain, Web3, FinTech
• Geographical presence: San Francisco, California
• Founded: 2018
• Notable portfolio companies: Coinbase, Uniswap, Optimism, OpenSea, dYdX
• Portfolio size: Over 120 investments

You can refer to their website here.

4. Blockchain Capital

As one of the first venture firms dedicated to the blockchain sector, Blockchain Capital has been investing in the industry since 2013. The firm provides capital for companies building on or using blockchain technology.

The firm invests across all stages, from seed to late-stage rounds, giving it a broad view of the market. Its portfolio includes foundational companies like the crypto exchange Coinbase and the NFT marketplace OpenSea, showing a clear ability to back market leaders.

Blockchain Capital is a good fit for founders building ambitious, long-term projects that have the potential to define a category. After securing a round, our tools at Rho help you manage that capital with business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Blockchain, Cryptocurrency, FinTech, Finance
• Geographical presence: San Francisco, California
• Founded: 2013
• Notable portfolio companies: Aave, Anchorage Digital, Coinbase, Kraken, OpenSea
• Portfolio size: Over 180 investments

You can refer to their website here.

5. Solana

As a blockchain platform for decentralized applications, Solana’s venture arm invests directly in companies building on its network. The firm’s primary goal is to support and expand the Solana ecosystem by backing new projects that drive user adoption and innovation.

The firm’s investments show a clear focus on strengthening its own platform by backing foundational tools and applications. Its portfolio includes key players like Magic Eden, the leading NFT marketplace on Solana, and Phantom, the network's most popular wallet.

Solana Ventures is an ideal partner for founders building directly on the Solana blockchain who can benefit from deep technical integration and community support. Once you secure a strategic investment, our platform at Rho helps you manage your capital with integrated banking and spending controls.

• Investment stages: Crowdfunding
• Industries of focus: Apps, Blockchain, Cryptocurrency, Finance, FinTech, Virtual Currency
• Geographical presence: San Francisco, California
• Founded: 2017
• Notable portfolio companies: Magic Eden, STEPN, Jito Labs, Phantom, Metaplex
• Portfolio size: Over 25 investments

You can refer to their website here.

6. Robot Ventures

Robot Ventures is an early-stage investment firm that backs fintech and blockchain companies from their earliest stages. The firm focuses on pre-seed and seed rounds, providing foundational capital to companies with ambitious technical goals.

The firm shows a clear preference for highly technical, infrastructure-level projects that form the backbone of the crypto economy. Its portfolio includes critical protocols like the Ethereum restaking project Eigenlayer and the pioneering DeFi platform Compound.

Robot Ventures is a great match for founders with a strong engineering background who are building complex, foundational technologies. If you're at this early stage, Rho Capital can also connect you with non-dilutive financing to extend your runway while you seek the right VC partner.

• Investment stages: Pre-seed, Seed, Early Stage Venture, ICO

• Industries of focus: FinTech, Blockchain

• Geographical presence: New York, New York

• Founded: 2018

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

• Portfolio size: Over 140 investments

You can refer to their website here.

7. Borderless Capital

Borderless Capital is an investment manager that concentrates on building and supporting Web3 and blockchain ecosystems. The firm invests in companies and projects that contribute to the growth of decentralized technologies.

The firm invests across all stages, from seed to late-stage rounds, and its portfolio includes gaming giant Epic Games. This signals an interest in companies that use blockchain technology to innovate in established industries, not just crypto-native projects.

Borderless Capital is a good fit for founders at any stage whose companies contribute to the broader Web3 ecosystem. Once you secure funding, our platform at Rho provides integrated tools for banking, cards, and bill pay to help you manage your capital.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, ICO

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

• Geographical presence: Atlanta, Georgia

• Founded: 2018

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

• Portfolio size: Over 150 investments

You can refer to their website here.

8. Framework Ventures

Framework Ventures is a venture capital firm that backs founders building companies and protocols in the blockchain industry. They invest across multiple stages, including seed and early-stage rounds, with a focus on projects that form the backbone of the decentralized web.

The firm’s portfolio shows a clear preference for foundational DeFi and infrastructure projects. They have backed market-defining companies like the oracle network Chainlink and the lending protocol Aave, signaling a strategy of investing in core technologies that support the broader crypto economy.

Framework Ventures is a strong potential partner for founders building essential infrastructure for the decentralized finance ecosystem. Once you secure a round with a firm like Framework, our platform at Rho can help you manage your new capital with integrated banking and spending controls.

• Investment stages: Seed, Early Stage Venture, ICO
• Industries of focus: Blockchain, Cryptocurrency
• Geographical presence: San Francisco, California
• Founded: 2019
• Notable portfolio companies: Aave, Chainlink, Optimism, Celestia, Illuvium
• Portfolio size: Over 140 investments

You can refer to their website here.

9. Race Capital

Race Capital is an early-stage venture firm that invests in companies building foundational infrastructure. They focus on seed and early-stage rounds, backing businesses in areas like blockchain, enterprise software, and Web3.

The firm has a clear focus on infrastructure, backing companies that provide the underlying technology for other businesses. Their portfolio includes major players like the data and AI platform Databricks and the popular note-taking app Goodnotes, showing their ability to identify future market leaders.

Race Capital is a great potential partner for founders with a strong technical background building infrastructure-focused companies. If you're at this early stage, our team at Rho Capital can also connect you with non-dilutive funding to extend your runway while you find the right VC.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Blockchain, Cloud Infrastructure, Enterprise Software, Web3
• Geographical presence: Palo Alto, California
• Founded: 2019
• Notable portfolio companies: Databricks, Goodnotes, Groq, Vectara
• Portfolio size: Over 40 investments

You can refer to their website here.

10. Coinbase Ventures

As the investment arm of Coinbase, Coinbase Ventures provides capital to early-stage companies in the cryptocurrency and blockchain sectors. Their mission is to support the growth of the open financial system by backing promising startups.

The firm invests across multiple stages and has backed some of the industry's most significant projects, from the layer-1 chain Aptos to the scaling solution Polygon. This shows a clear focus on foundational infrastructure with high-growth potential.

Coinbase Ventures is a strong potential partner for founders building core protocols and applications that can advance the broader crypto economy. If you're at this early stage, our team at Rho Capital can also connect you with non-dilutive funding to extend your runway.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, ICO
• Industries of focus: Blockchain, Cryptocurrency, Finance, Financial Services, FinTech
• Geographical presence: Oakland, California
• Founded: 2018
• Notable portfolio companies: Polygon, NEAR Protocol, Aptos, Arweave
• Portfolio size: Over 400 investments

You can refer to their website here.

11. CMT Digital

CMT Digital is a venture capital firm with roots in proprietary trading, focusing on early-stage companies in the blockchain and web3 sectors. They provide capital and support to businesses building foundational financial technologies.

The firm’s portfolio highlights a focus on market infrastructure, including investments in the publicly listed exchange Coinbase and Circle, the issuer of the USDC stablecoin. This signals a strategy of backing core players that support the broader digital asset economy.

CMT Digital is a strong fit for founders building in fintech and crypto who value a partner with deep trading and market structure knowledge. For teams at this early stage, Rho Capital also offers non-dilutive funding options to help you extend your runway.

• Investment stages: Seed, Early Stage Venture, Convertible Note

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

• Geographical presence: Chicago, Illinois

• Founded: 2017

• Notable portfolio companies: Coinbase, Circle, Consensys, BlockFi, Crusoe Energy Systems

• Portfolio size: Over 150 investments

You can refer to their website here.

12. Electric Capital

Electric Capital is a venture firm that invests in companies building in the cryptocurrency, blockchain, and fintech sectors. The firm supports founders across all stages, from seed and early-stage rounds to late-stage growth.

The firm’s portfolio is filled with foundational companies, including the crypto exchange Kraken and the Web3 infrastructure builder ConsenSys. This indicates a clear strategy of backing core technologies and platforms that the broader crypto economy relies on.

Electric Capital is a strong potential partner for founders building ambitious, infrastructure-level projects that aim to become pillars of the Web3 ecosystem. After securing a significant round, our platform at Rho helps you manage and deploy your capital with integrated banking and spending controls.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, ICO

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

• Geographical presence: Palo Alto, California

• Founded: 2013

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

• Portfolio size: Over 115 investments

You can refer to their website here.

13. Bloccelerate VC

Bloccelerate VC operates as both a global accelerator and a fund, concentrating on early-stage blockchain companies around the world. They provide capital and support to help foundational projects get off the ground.

The firm’s portfolio shows a clear focus on foundational, layer-1 protocols and key infrastructure, including Avalanche and EigenLayer. Their investment history in token rounds and SAFTs indicates a deep understanding of crypto-native financing structures.

Bloccelerate is a good match for founders building core blockchain infrastructure who need a partner fluent in token economics. If you're at this early stage, our team at Rho Capital can also connect you with non-dilutive funding to extend your runway.

• Investment stages: Early Stage Venture, Seed

• Industries of focus: Blockchain, Venture Capital

• Geographical presence: Seattle, Washington

• Founded: 2018

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

• Portfolio size: Over 30 investments

You can refer to their website here.

14. Legendary Ventures

Legendary Ventures is a venture capital firm that invests in consumer retail companies, operating across multiple stages from seed to private equity. The firm focuses on accelerating value for businesses with strong brand potential.

Their portfolio includes iconic consumer brands like the home-sharing marketplace Airbnb and the rocket company SpaceX, showing a clear focus on companies with global reach. This indicates an appetite for businesses that can become household names.

Legendary Ventures is a good fit for founders building consumer-facing companies with the potential for massive scale. After securing a significant round from a firm like this, our platform at Rho helps you manage and deploy your 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, New York
• Founded: 2019
• Notable portfolio companies: SpaceX, Airbnb, Lululemon, Etsy, FiscalNote
• Portfolio size: Over 20 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Blockchain Companies

This overview shows a robust and varied funding environment for companies in the blockchain sector. You’ll find strong support at the early stages, with many firms specializing in pre-seed to Series A rounds. At the same time, a significant number of investors invest across all stages, offering a continuous path for capital as you grow.

While the Bay Area remains a major center for blockchain investment, the presence of firms in New York, Chicago, and Atlanta indicates a broadening field. This variety gives you more options to find a partner whose focus aligns with your company's needs. As you prepare to approach these investors, Rho Capital can connect you with non-dilutive funding options like venture debt and credit lines to support your progress. Once you secure your round, our integrated platform is here to help you manage that capital efficiently.

Raise Confidently with Rho

When you're fundraising, your time and energy are your most valuable assets. A focused list of relevant investors helps you direct your efforts where they will have the most impact.

If you’re seeking funding, Rho Capital connects you to non-dilutive funding options like venture debt and credit lines through a fast, guided process. We help founders access financing tailored to their stage and business model.

Once your capital is secured, Rho provides integrated tools to help you manage and deploy funds efficiently. Our platform includes business banking, corporate cards, and automated bill pay to support your growth.

FAQs about Venture Capital Firms Focused on Blockchain

Which US cities are major hubs for blockchain VC firms?

Beyond the Bay Area, cities like New York and Chicago are significant centers for blockchain investment. You'll find firms with deep financial expertise in these hubs, offering a different perspective and network than traditional Silicon Valley investors.

Are there active web3 venture capital firms outside the US?

Yes, many active web3 VC firms operate globally. London is a major European hub, while Singapore and Hong Kong are key centers in Asia. These firms provide access to international markets and diverse investor networks for your startup.

How do I find the right seed stage crypto VC firms?

To find the right seed-stage crypto VCs, focus on firms that specialize in your niche. Research their portfolios to ensure alignment and network with founders they've backed. A strong technical vision and a clear go-to-market plan are essential.

What do late stage blockchain VC firms look for?

Late-stage blockchain VC firms look for established companies with strong traction, clear revenue models, and a proven product-market fit. They want to see a clear path to expansion, profitability, or a potential public offering.

How can I get funding without giving up equity?

You can extend your runway without dilution through non-dilutive financing. Our team at Rho Capital connects you with options like venture debt and credit lines, tailored to your business model through a fast, guided process.

How can Rho help my startup manage its venture capital?

After you raise a round, our integrated platform helps you manage it. Rho provides business banking, corporate cards, and automated bill pay, giving you the tools to deploy your capital efficiently and scale your operations.