Top 14 Venture Capital Firms Investing in Web3 Startups

For founders building in Web3, crypto, or blockchain, finding the right investor is a critical step. Knowing which venture capital firms are active in the space and what they look for can significantly improve your fundraising process.

To help you prepare, our team at Rho curated this overview of top Web3 VC firms. It’s a straightforward guide to help you identify potential partners who understand your specific market and stage.

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

• Securing venture funding provides the capital needed to accelerate product development, expand your team, and gain market traction in the competitive Web3 space.

• Leading firms like Ripple, Paradigm, Borderless Capital, and Race Capital are notable backers in the Web3 industry, each with a track record of supporting innovative startups.

• Whether you are actively fundraising or have just closed a round, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

Which VC Firms in Web3 Are Right for Your Stage?

Whether your company is in its early stages or preparing for an exit, connecting with the right investors is an important part of the process. To help, we’ve put together a quick overview of Web3 VC firms and the stages where they invest.

Pre-seed and Seed VC Firms in Web3

This is the earliest capital you'll raise, used to validate an idea and build an initial product before you have significant traction. Several technology-focused venture capital firms specialize here, including Race Capital, Archetype, and WAGMI Ventures.

Early Stage VC Firms in Web3

Early-stage funding, such as Series A and B, helps companies with a proven product scale their teams and operations. Once you secure this capital, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy it efficiently. Key blockchain venture capital firms in this category are Ripple, Paradigm, and Canonical Crypto.

Late Stage VC Firms in Web3

Late-stage rounds are for established companies with strong revenue and market share, often as a final step before an IPO or acquisition. Investors providing this type of growth capital include well-known US VC firms like Jump Crypto, Streamlined Ventures, and Propel.

It's also worth noting that many global VC firms invest across multiple stages. For founders seeking alternatives to equity, Rho Capital connects you to non-dilutive funding options like venture debt and credit lines, helping you access financing tailored to your business model without chasing lenders.

To help you find the right partner, we’ve compiled an overview of top VC firms active in the Web3 sector. The following list covers their investment stages, geographic focus, and what makes each firm a compelling choice for founders.

1. Ripple

Ripple operates as a strategic investor with deep roots in the FinTech and blockchain sectors. The firm backs companies that align with its core mission of building solutions for cross-border payments, crypto liquidity, and digital currencies.

Their focus is on early-stage ventures building foundational technology in these areas. For founders, this offers a partnership with a team that has significant operational experience and a clear perspective on the industry’s future.

This makes Ripple a strong match for startups creating infrastructure for global payments or digital assets. Once you secure this type of funding, our platform helps you manage your new capital with integrated 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 year: 2012

• Number of investments: 44

You can refer to their website here.

2. Paradigm

Paradigm is a research-driven investment firm that backs crypto companies and protocols from their earliest stages. They take an active, hands-on approach to help founders with technical challenges.

The firm is known for its deep technical focus and for supporting foundational Web3 projects like Coinbase, Uniswap, and OpenSea. This signals a product-centric approach, where they provide meaningful support to teams building complex technologies.

Paradigm is a strong match for founders with deep technical expertise who are building core infrastructure for the decentralized web. After you close a round, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Initial Coin Offering

• Industries of focus: Web3, Cryptocurrency, Blockchain, Finance, Financial Services

• Geographical presence: San Francisco, California

• Founded year: 2018

• Number of investments: 126

• Notable portfolio companies: Their portfolio includes Coinbase, Uniswap, Optimism, and OpenSea

You can refer to their website here.

3. Borderless Capital

Borderless Capital is a Web3-native investment manager dedicated to building and supporting blockchain ecosystems. The firm operates as a venture capital firm, accelerator, and fund of funds, giving it a unique position in the market.

The firm invests across the full spectrum—from seed rounds to late-stage ventures—and its portfolio includes major players like Epic Games alongside foundational Web3 companies. This signals a flexible, long-term approach to backing companies at different points in their growth.

Borderless is a strong match for founders at any stage building in the Web3 and blockchain space. Once you secure funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Initial Coin Offering

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

• Geographical presence: Atlanta, Georgia

• Founded year: 2018

• Number of investments: 152

• Notable portfolio companies: Their portfolio includes Epic Games, Everyrealm, and Ethernity Chain.

You can refer to their website here.

4. Race Capital

Race Capital is an early-stage venture fund that concentrates on infrastructure technology. They partner with companies building foundational software and systems.

The firm has a clear focus on infrastructure, backing companies that form the technical backbone of their respective industries. They have a history of supporting companies to scale, with portfolio wins like Databricks, a data platform valued at $62 billion.

This firm is a strong match for founders building deep-tech or infrastructure-focused products, especially in enterprise software or Web3. Once you secure funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: Blockchain, Cloud Infrastructure, Enterprise Software, Finance, Financial Services, Privacy, Web3

• Geographical presence: Palo Alto, California

• Founded year: 2019

• Number of investments: 44

• Notable portfolio companies: Their portfolio includes Databricks, Groq, and Goodnotes, which was Apple’s 2022 iPad App of the Year.

You can refer to their website here.

5. Archetype

Archetype is a venture firm that backs crypto founders with the goal of accelerating a decentralized future. They focus on providing early-stage capital to teams building foundational Web3 technologies.

The firm invests at the seed and early stages, with a clear focus on crypto-native companies and protocols. Their portfolio includes recognizable names like the NFT badge protocol POAP and the decentralized social network Farcaster, signaling a focus on both infrastructure and consumer applications.

Archetype is a good fit for founders with a strong crypto focus who are raising their first institutional rounds. Once you secure this funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: Blockchain, Cryptocurrency, Ethereum, Smart Contracts, Web3

• Geographical presence: New York, New York

• Founded year: 2021

• Number of investments: 60

• Notable portfolio companies: Their portfolio includes Hut 8, a bitcoin miner that completed a major merger in 2023, the decentralized social network Farcaster, and the NFT badge protocol POAP.

You can refer to their website here.

6. Reciprocal Ventures

Reciprocal Ventures is an early-stage firm that invests in companies building the future of Web3. They provide seed and early-stage capital to founders in the blockchain and cryptocurrency sectors.

A key characteristic of the firm is its track record of successful exits, with portfolio companies like Radar and Skip Protocol being acquired. Their investment in Solana, a major layer-1 blockchain, also highlights their ability to back foundational projects that achieve significant scale.

Reciprocal is a good partner for founders building core Web3 infrastructure who are looking for an investor with a history of guiding companies toward successful acquisitions. Once you secure this type of funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture

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

• Geographical presence: New York, New York

• Founded year: 2016

• Number of investments: 59

• Notable portfolio companies: Their portfolio includes Solana and several acquired companies like Radar, Skip Protocol, and Rio Network.

You can refer to their website here.

7. G20 Ventures

G20 Ventures is a capital partner for growing Web3 communities, investing from seed to late-stage rounds. The firm supports founders across both the consumer and enterprise sectors, with a focus on information technology.

The firm has a strong track record of successful exits, with portfolio companies like Fuze and Frame being acquired by major tech players. This history suggests a focus on guiding companies toward strategic acquisitions and providing a clear path to liquidity.

G20 is a strong match for founders who value an investor with experience scaling companies for acquisition. Once you secure funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

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

• Industries of focus: Web3, Consumer, Enterprise, Information Technology

• Geographical presence: Boston, Massachusetts

• Founded year: 2013

• Number of investments: 51

• Number of exits: 9

• Notable portfolio companies: Their portfolio includes Fuze (acquired by 8x8), Frame (acquired by Nutanix), and the music brand Napster.

You can refer to their website here.

8. Propel

Propel invests in companies building the future of finance. The firm backs founders creating new technologies in FinTech, Web3, and enterprise software.

The firm supports companies from seed to late-stage, with a history of backing major players like Coinbase and DocuSign through to IPO. This demonstrates their ability to support businesses through significant growth and to a successful exit.

Propel is a good match for founders in the FinTech or Web3 sectors who are building for scale and aiming for a large market outcome. Once you secure this type of funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

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

• Industries of focus: FinTech, Web3, Enterprise Software, Cryptocurrency, InsurTech

• Geographical presence: San Francisco, California

• Founded year: 2016

• Number of investments: 62

• Number of exits: 12

• Notable portfolio companies: Their portfolio includes high-revenue companies like Coinbase, DocuSign, and Hippo, according to a recent fund announcement.

You can refer to their website here.

9. Canonical Crypto

Canonical Crypto is an early-stage venture firm that invests in companies building foundational Web3 infrastructure. They focus on providing capital to founders developing new technologies in the blockchain and cryptocurrency sectors.

The firm has a clear focus on infrastructure, backing companies that provide core services for developers and users. Their portfolio includes key developer platforms like Thirdweb, which raised a $24 million Series A, and Gensyn, an AI compute marketplace.

Canonical Crypto is a good fit for technical founders building essential infrastructure for the decentralized web. After you close a round, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Early Stage Venture

• Industries of focus: Blockchain, Cryptocurrency, Web3, Venture Capital

• Geographical presence: San Francisco, California

• Founded year: 2021

• Number of investments: 23

• Notable portfolio companies: Their portfolio includes Thirdweb, Notifi, and Gensyn, an AI compute marketplace that raised a $43 million Series A.

You can refer to their website here.

10. Streamlined Ventures

Streamlined Ventures is a venture capital firm that primarily invests at the seed stage. They focus on companies building in specific technology sectors, including AI, software automation, and Web3.

The firm is known for backing companies that achieve significant scale, with major exits like DoorDash and Applovin in its portfolio. This track record indicates a focus on businesses with the potential for large market outcomes, from IPOs to major acquisitions.

Streamlined Ventures is a good match for founders building technology in their core focus areas who are aiming for a large-scale exit. Once you secure funding, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy capital efficiently.

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

• Industries of focus: Data Science, APIs, Blockchain/Web3, AI, Software Automation

• Geographical presence: Palo Alto, California

• Founded year: 2013

• Number of investments: 312

• Number of exits: 53

• Notable portfolio companies: Their portfolio includes DoorDash, Applovin, Rappi, and Tubi.

You can refer to their website here.

11. WAGMI Ventures

WAGMI Ventures operates as a venture capital firm and syndicate, investing in Web3 companies through a collective network. This model allows them to pool expertise and capital to back promising founders.

The firm's portfolio highlights a focus on high-growth projects across different Web3 sectors, from infrastructure like EigenLayer to consumer brands like Superplastic. This signals an appetite for ambitious companies with the potential for significant market impact.

WAGMI is a good match for founders building category-defining Web3 companies who can benefit from a community-driven investment approach. For founders seeking alternatives to equity, our team at Rho Capital can also connect you to non-dilutive funding options tailored to your business model.

• Investor type: Syndicate, Venture Capital

• Investment stages: Seed, Early Stage Venture

• Industries of focus: Information Technology, Internet, Web3

• Geographical presence: New York, New York

• Number of investments: 67

• Notable portfolio companies: Their portfolio includes the restaking protocol EigenLayer, layer-1 blockchain Sei Network, and character brand Superplastic.

You can refer to their website here.

12. Jump Crypto

Jump Crypto is a venture firm dedicated to building and financing foundational infrastructure for the cryptocurrency market. As both a builder and investor, they play an active role in developing the technologies that support the Web3 ecosystem.

The firm is known for backing ambitious, large-scale infrastructure projects, including prominent Layer-1 blockchains like Aptos and Sui. Their portfolio signals a focus on highly technical teams building core protocols for the decentralized web.

Jump Crypto is a strong partner for founders with deep technical expertise who are building foundational protocols and infrastructure. Once you secure this type of funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, Initial Coin Offering

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

• Geographical presence: Chicago, Illinois

• Founded year: 2015

• Number of investments: 97

• Number of exits: 4

• Notable portfolio companies: Their portfolio includes major infrastructure projects like Aptos, Sui, Celestia, and Injective.

You can refer to their website here.

13. Room40 Ventures

Room40 Ventures partners with founders to advance Web3 adoption, focusing on DeFi, infrastructure, and commerce. They provide early-stage capital to teams building the next wave of decentralized technology.

The firm's portfolio shows a clear emphasis on foundational Web3 protocols, with investments in on-chain lending platform Maple Finance and crypto derivatives firm Arbelos Markets. This signals a focus on companies creating core financial infrastructure for the crypto economy.

Room40 is a strong fit for early-stage founders building technical solutions in DeFi or Web3 commerce. Once you secure this type of funding, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: DeFi, Web3 Commerce, Infrastructure, FinTech

• Geographical presence: New York, New York

• Founded year: 2017

• Number of investments: 24

• Number of exits: 3

• Notable portfolio companies: Their portfolio includes Maple Finance, an on-chain lending platform, and Arbelos Markets, a crypto derivatives firm highlighted on their CryptoRank profile.

You can refer to their website here.

14. C�� Ventures

C² Ventures is an investment firm that supports founders building and scaling the next generation of Web3 infrastructure. They focus on backing the core protocols and primitives that will underpin the decentralized web.

The firm invests from seed to early-stage, with a clear focus on foundational technologies. Their portfolio includes key infrastructure projects like the cross-chain network Axelar and the decentralized RPC provider Pocket Network, signaling a preference for highly technical teams.

C² Ventures is a strong match for early-stage founders building core Web3 protocols in areas like interoperability, data, or decentralized infrastructure. After closing a round, our platform helps you manage your new capital with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Initial Coin Offering

• Industries of focus: Web3, Cryptocurrency, Finance, Metaverse

• Geographical presence: New York, New York

• Founded year: 2021

• Number of investments: 29

• Notable portfolio companies: Their portfolio includes cross-chain network Axelar, decentralized RPC provider Pocket Network, and Web3 gaming project Ancient8.

You can refer to their website here.

What This Tells Us About The VC Scene for Web3 Companies

This overview shows that the Web3 sector has a robust and active investor base. A clear pattern is the strong focus on early-stage funding. The majority of firms on this list are prepared to invest in pre-seed, seed, and Series A rounds, which is a positive signal for founders who are just starting to build and find product-market fit.

You may also notice a geographic concentration, with many of these VCs based in major US tech hubs like the San Francisco Bay Area and New York City. While the industry operates globally, knowing where these firms are centered can inform your networking and fundraising strategy.

Ultimately, the funding environment for Web3 is well-supported, particularly for new companies. If you are exploring financing beyond equity, our team at Rho Capital can also connect you to non-dilutive options like venture debt, helping you find capital that aligns with your specific business needs.

Raise Confidently with Rho

Fundraising requires significant time and energy, making a focused list of relevant investors a practical necessity. This guide is built to help you direct your efforts where they will count most.

If you’re seeking funding, Rho Capital connects you to non-dilutive options like venture debt and credit lines through a fast, guided process. We help you access financing tailored to your business model without chasing lenders.

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

FAQs about Venture Capital Firms Focused on Web3

Which US cities are major hubs for Web3 VC firms?

Many Web3 venture capital firms are concentrated in tech centers like the San Francisco Bay Area and New York City. Miami has also become a significant hub, attracting founders and investors with a strong focus on the crypto industry.

Are there active crypto VC firms in London?

Yes, London is a key center for crypto and FinTech investment in Europe. The city hosts numerous venture capital firms that actively fund Web3 and blockchain companies, supported by a strong local talent pool and regulatory engagement.

What do early-stage Web3 VCs look for?

Early-stage investors typically focus on the strength of your founding team, the technical innovation of your product, and a clear vision for community building. They want to see a solid plan for achieving product-market fit in a specific niche.

How is a Web3 VC different from a traditional tech VC?

Web3 VCs possess deep expertise in tokenomics, decentralized governance, and blockchain protocols. Unlike traditional tech investors, they often participate directly in networks and can provide specialized guidance on crypto-native growth strategies and community engagement.

How can I find the right investors for my seed-stage company?

Focus on firms that specialize in your industry and investment stage. Research their portfolios to find alignment. For non-dilutive options, Rho Capital connects you to venture debt and credit lines tailored to your business model without giving up equity.

How can Rho help after I secure funding?

Once you've raised capital, our platform helps you manage it with integrated business banking, corporate cards, and automated bill pay. Rho provides the financial tools you need to deploy funds and scale your operations efficiently.