The Definitive Crypto VC List: Top Firms Investing in Blockchain in 2025

Looking for the top players in crypto venture capital for 2025? It’s a wild ride out there, and knowing who’s backing the next big thing is key. These firms aren’t just throwing money around; they’re shaping the future of blockchain and digital assets. We’ve put together a list of some of the most influential crypto VC firms that are making moves. This crypto VC list should give you a good starting point if you’re trying to understand where the smart money is going.

Key Takeaways

• Venture capital firms are vital for blockchain innovation, offering more than just funds. They provide important guidance and connections.
• The crypto VC landscape is always changing, with new trends like DeFi 2.0, NFTs, and Web3 infrastructure drawing attention.
• These investment groups help projects move from early ideas to market-ready products through different funding stages.
• Choosing the right VC involves looking at their experience, how well they understand regulations, and if they offer good mentorship.
• This crypto VC list highlights firms that are actively investing and shaping the future of the digital asset space.

1. Andreessen Horowitz (a16z)

Andreessen Horowitz, often called a16z, is a big name in venture capital, and they’ve put a lot of energy into the crypto space. They started their dedicated crypto fund a while back, and it’s been busy ever since. Based out of Silicon Valley, a16z isn’t just about throwing money at projects; they aim to bring a more traditional, disciplined approach to investing in digital assets. This means they often look for long-term potential and work closely with the companies they back.

Their investment strategy covers a range of stages, from very early ideas to more established projects. They’ve backed some of the most recognizable names in the crypto world, showing a knack for identifying companies that go on to make a significant impact on the crypto industry. It’s not just about the tech; they seem to understand the market dynamics and the potential for these technologies to change how we do things online and off.

Some of the key areas a16z has focused on include:

• Decentralized finance (DeFi) protocols
• Blockchain infrastructure and scaling solutions
• Web3 applications and platforms
• NFTs and the creator economy

The firm’s approach often involves providing more than just capital. They offer strategic guidance, help with hiring, and connect founders with their extensive network. This hands-on involvement is a hallmark of their investment philosophy, aiming to actively contribute to the success of their portfolio companies.

While they invest across the board, their portfolio includes well-known projects like Solana, MakerDAO, and Coinbase. This shows a broad interest in different parts of the crypto ecosystem. Their continued activity in this sector suggests they see ongoing opportunities for growth and innovation in blockchain technology and its applications. It’s worth keeping an eye on their moves, as they often signal where the market might be heading next, especially in areas like institutional adoption.

2. Pantera Capital

Pantera Capital stands out as one of the earliest institutional asset managers in the United States to focus solely on blockchain technology. Established initially in 2003 as a traditional hedge fund, the firm made a significant pivot to concentrate on cryptocurrency investments in 2013. This early move positioned them as a pioneer in the burgeoning digital asset space.

Their investment strategy spans both blockchain projects and digital tokens, with a clear objective to accelerate industry-wide adoption. Pantera Capital’s approach involves strategic investments across various facets of the blockchain ecosystem, aiming to support innovation and growth.

Pantera Capital has a notable history of investing in foundational projects within the crypto space.

Key aspects of their investment focus include:

• Early-Stage Investments: Identifying and backing promising startups and protocols at their inception.
• Token Investments: Allocating capital to digital assets with strong utility and potential for long-term value appreciation.
• Venture Capital Funds: Managing dedicated funds to deploy capital into a diversified portfolio of blockchain companies.

The firm’s longevity and consistent presence in the crypto market underscore its deep understanding of the sector’s cycles and potential.

Some of the notable companies and protocols that have received investment from Pantera Capital include Polkadot, Filecoin, Cosmos, Balancer, Brave, and 0x.

3. Paradigm

Paradigm is a firm that really stands out in the crypto investment scene. It was started by folks who came from places like Sequoia Capital and Coinbase, so they know their stuff when it comes to both traditional finance and the digital asset world. They’re all about backing companies that are building in the crypto and Web3 space, and they don’t just stick to one type of investment. Whether it’s a brand new idea just getting off the ground or a more established business, Paradigm looks to get involved.

They’ve put money into a bunch of projects that have become pretty well-known. Think about companies like BlockFi, Compound, and MakerDAO. They also backed Magic Eden and Phantom, which are important players in the NFT and wallet space, respectively. It shows they have a broad view of what’s happening in the industry.

Paradigm launched its third venture fund, which was a big $850 million fund. This money is specifically for supporting crypto projects that are in their early stages. The goal here is to make it easier for people who can really benefit from crypto to get involved and get the support they need. It’s a pretty clear sign they’re committed to the long haul in this sector.

• Invests across all stages, from seed to mature businesses.
• Focuses on disruptive crypto and Web3 companies.
• Founded by veterans from Sequoia Capital and Coinbase.

The firm’s approach is to provide capital and strategic guidance, helping projects grow and mature within the rapidly evolving digital asset landscape. Their deep industry connections and understanding of market dynamics position them as a key partner for founders.

4. Coinbase Ventures

Coinbase Ventures acts as the investment arm for the well-known cryptocurrency exchange, Coinbase. Their main focus is on backing early-stage companies that are working with crypto and blockchain technology. The goal here is pretty straightforward: to help the whole crypto space grow by putting money into new and promising projects. They’ve put resources into a good number of companies, showing they’re serious about this market.

Some of the companies that have received backing from Coinbase Ventures include:

• Compound
• Etherscan
• OpenSea
• Synthetix
• Cointracker

Coinbase Ventures plays a role in shaping the future of digital assets by identifying and supporting the next generation of blockchain innovators. Their involvement goes beyond just funding, often providing strategic guidance to help these nascent projects mature.

Their investment strategy seems to be about building out the entire crypto ecosystem, from infrastructure to user-facing applications. By supporting a diverse range of projects, they aim to contribute to the overall health and expansion of the digital asset landscape.

5. Digital Currency Group (DCG)

Digital Currency Group, often referred to as DCG, stands as a significant player in the digital asset investment landscape. Founded by Barry Silbert, the company has built a diverse portfolio that spans various facets of the blockchain and cryptocurrency industry. DCG operates with a broad vision, aiming to accelerate the development and adoption of blockchain technology globally.

DCG’s investment strategy is multifaceted, encompassing direct investments in companies, as well as holding stakes in various digital assets. They are known for their long-term perspective, supporting projects from their early stages through to more mature phases. This approach has allowed them to build a robust network and influence within the sector.

Some of DCG’s notable investments include major players in the crypto space. Their portfolio highlights companies that have become household names in the industry, reflecting their ability to identify and back successful ventures. For instance, their early backing of Coinbase provided significant capital during a critical growth period for the exchange.

Key aspects of DCG’s operations include:

• Incubation and Development: DCG actively participates in incubating new projects and companies, providing not just capital but also strategic guidance and operational support.
• Media and Information: Through subsidiaries like CoinDesk, DCG plays a role in disseminating information and news within the crypto community, contributing to market transparency.
• Infrastructure: Investments extend to companies building the foundational infrastructure for blockchain technology, such as exchanges, custodians, and payment processors.

DCG’s commitment to the digital asset space is evident in its consistent investment activity and its role in shaping the industry’s narrative. They have weathered market cycles by maintaining a focus on long-term value creation and technological advancement.

While DCG has a strong track record, like many firms in this dynamic sector, it has also faced challenges. The industry’s volatility means that even well-established entities can experience periods of adjustment. However, DCG’s broad diversification and deep industry connections position it to continue as a key investor in the evolving digital economy.

6. Blockchain Capital

Blockchain Capital has been around since 2013, making it one of the earliest venture capital firms to focus solely on the blockchain space. They’ve built a solid portfolio by investing in companies that are building the infrastructure and applications for this new technology. It’s not just about picking winners; it’s about supporting the foundational elements that allow the whole ecosystem to grow.

Their investment strategy centers on identifying projects that have the potential to become leaders in their respective niches within the blockchain world. They look for teams with a clear vision and the technical ability to execute.

• Early mover advantage: Being one of the first VCs in the space gave them a unique perspective and access to promising projects.
• Focused portfolio: They concentrate their investments, aiming for depth rather than breadth.
• Long-term vision: Blockchain Capital invests with the expectation of long-term growth and adoption.

The firm’s commitment to the blockchain industry is evident in its consistent backing of innovative projects, contributing to the sector’s development and maturation over the years. They understand that building a new technological paradigm takes time and dedicated support.

Blockchain Capital has backed notable companies such as AAVE, 1inch, Coinbase, and Kraken, showcasing their ability to identify and support significant players in the cryptocurrency market.

7. Polychain Capital

Polychain Capital is a firm that really focuses on digital assets. They manage a hedge fund, which means they’re actively trading and managing a portfolio of blockchain-related investments. It’s not just about picking winners and holding them; they’re actively involved in the market.

Founded by someone who was an early employee at Coinbase, Polychain has a reputation for spotting interesting projects. They’re based in San Francisco, a hub for a lot of tech and crypto activity. Their approach seems to be about finding unique opportunities within the cryptocurrency space.

Some of the companies they’ve put money into include AAVE, 1inch, and even Coinbase itself, showing a broad range of interests from decentralized finance to established exchanges. They also invested in Seismic, a company that secured funding in early 2025 Seismic secured USD 7 million in venture funding in March 2025.

Polychain Capital’s strategy involves:

• Actively managing a portfolio of blockchain assets.
• Identifying unique and promising projects in the crypto market.
• Investing in both early-stage and more established companies.

The firm’s active management style suggests a deep engagement with the underlying technologies and market dynamics of the digital asset space, aiming to capitalize on short-term and long-term trends alike.

8. Binance Labs (YZi Labs)

Binance Labs, also known as YZi Labs, functions as the venture capital arm of Binance, the world’s largest cryptocurrency exchange. This entity is dedicated to identifying and supporting emerging talent within the blockchain and cryptocurrency space. Their approach involves not just financial investment but also acting as an accelerator, providing crucial resources and guidance to help nascent projects mature and succeed.

Binance Labs has a notable history of backing successful ventures. Some of their portfolio highlights include:

• Axie Infinity
• 1inch
• Harmony
• Figment
• Band Protocol
• Moonbeam

The firm’s strategy is to empower entrepreneurs by giving them the tools and capital needed to build the next generation of decentralized technologies. This makes them a significant player for startups looking for more than just funding.

Founded in 2017, Binance Labs has established itself as a key investor, leveraging the extensive network and market insights derived from its parent company. Their investments span various sectors within the crypto economy, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and infrastructure development.

9. Draper VC (Draper Associates)

Draper VC, often associated with the prominent venture capitalist Tim Draper and Draper Associates, has a long history of supporting companies that aim to change how we do things. They’ve been involved in the crypto space for a while, looking for projects that have the potential to really shake things up.

Their approach involves investing in technologies that could become widely adopted. While they don’t focus exclusively on crypto, their interest in disruptive innovation naturally leads them to blockchain and digital assets.

Some of the notable crypto-related investments linked to the Draper network include:

• Bitcoin
• Tezos
• Ledger
• OpenNode

The firm’s strategy often involves identifying early-stage opportunities and providing the capital and connections needed for growth. They tend to back founders with bold visions.

Headquartered in San Mateo, California, Draper VC operates as part of a larger network, allowing them to tap into a broad range of expertise and resources. Their involvement in the crypto market reflects a belief in the long-term potential of decentralized technologies.

10. Sequoia Capital

Sequoia Capital is a name that echoes through the halls of tech history. They’ve been around for ages, backing some of the biggest names you can think of, like Apple and Google. It’s no surprise they’ve turned their attention to the crypto space. They’re not just dipping their toes in; they’re actively looking for and supporting new blockchain projects right from the start.

While they’re known for their broad tech investments, their crypto portfolio shows a clear interest in foundational technologies and infrastructure. They seem to be looking for projects that can build the next generation of decentralized applications and services.

Here are a few examples of their crypto investments:

• Caldera
• Handshake
• Multis
• Privy
• Strips Finance

Sequoia’s approach in crypto appears to be about identifying companies that are building the core infrastructure or unique applications that can gain significant traction. They seem to favor projects with strong technical teams and a clear vision for how their technology will be used.

11. Dragonfly Capital

Dragonfly Capital is a venture capital firm that really focuses on blockchain projects. They started up in 2018 and have been busy investing in companies from the early stages all the way through to later funding rounds. It feels like they’re trying to help these new crypto companies get on their feet and grow into something substantial.

They’ve put money into a bunch of different projects. Some of the ones that stand out include:

• Avalanche
• Compound
• Bybit
• MakerDAO
• Dune Analytics

It’s interesting how they operate globally, with offices in places like Silicon Valley and Beijing. This international presence probably helps them spot opportunities and connect with founders from different parts of the world. They seem to be all about building up the decentralized future, one investment at a time.

The firm’s approach appears to be centered on identifying projects with strong potential in the rapidly evolving cryptocurrency market. They aim to provide not just capital, but also strategic support to help these nascent companies succeed.

12. Multicoin Capital

Multicoin Capital is a firm that really digs into the details when it comes to crypto investments. They don’t just throw money at projects; they seem to have a whole strategy built around specific ideas, or "theses" as they call them. This approach means they’re looking at cryptocurrencies, tokens, and the whole blockchain tech landscape with a pretty focused lens.

Founded back in 2017 by Kyle Samani and Tushar Jain, Multicoin operates out of Austin, Texas. They’re not just a venture fund; they also run a hedge fund, which gives them a bit of a dual approach to the market. Their goal is to help push decentralized finance forward.

Here’s a look at some of the projects they’ve put their backing behind:

• Solana
• The Graph
• Audius
• Helium
• Serum

Multicoin Capital’s investment philosophy appears to be rooted in a deep analysis of market trends and technological potential within the blockchain space. They aim to identify and support projects that have the capacity to significantly alter the existing digital technology landscape.

They’ve been around for a while now, and their focus on specific investment theses sets them apart from firms that might just be broadly investing in anything crypto-related. It suggests a more deliberate and research-heavy strategy.

13. AU21 Capital

AU21 Capital has been around since 2017, and they focus on backing entrepreneurs who are really making waves in the blockchain world. They don’t just throw money at projects; they also connect founders with people and resources that can actually help them grow. It seems like they have a pretty good handle on the whole blockchain scene, probably because they’ve been involved in things like large-scale Bitcoin mining.

They’ve put money into some notable projects, showing a clear interest in the foundational layers of the crypto space and applications built on top of them.

• Polkadot
• Synthetix
• Polygon
• Harmony
• Avalanche
• Manta Network

AU21 Capital’s approach suggests a belief in supporting the infrastructure and the applications that will drive future blockchain adoption. Their involvement spans various parts of the ecosystem, from interoperability solutions to decentralized finance and scalable blockchain platforms.

14. Animoca Brands

Animoca Brands is a company that really focuses on digital property rights, especially in the gaming world. They’ve been around since 2011, starting out in Hong Kong, and have become a big name in the blockchain space. Think of them as a venture studio, meaning they don’t just invest in projects; they also help build them, particularly in areas like GameFi, NFTs, and the Metaverse. They’re all about giving players and internet users more control over their digital stuff.

Their approach involves investing in and developing a variety of blockchain-based games and applications. It’s not just about making games fun; it’s about making them ownable. This means players can truly own their in-game items, characters, and virtual land, which is a pretty big shift from traditional gaming.

Some of the projects they’ve backed or developed include well-known names in the crypto gaming scene:

• Axie Infinity
• The Sandbox
• Decentraland
• CryptoKitties

Animoca Brands sees a future where digital assets have real-world value and ownership is a core part of the online experience. They are actively working to make this vision a reality by supporting and creating projects that align with this philosophy.

They’ve also invested in other ventures that support this ecosystem, like Borderless Capital, which focuses on financial inclusion through blockchain. It shows they’re thinking broadly about how blockchain can change different parts of the digital economy, not just gaming.

15. Fenbushi Capital

Fenbushi Capital stands out as a significant player in the blockchain investment scene, particularly noted for being the first venture capital firm focused on blockchain in Asia. Since its inception, the firm has backed a substantial number of projects, spreading its investments across more than 60 companies globally. This broad reach shows a commitment to diverse markets and technologies within the blockchain space.

The firm was established by individuals with considerable experience in finance and technology. Their aim is to help the blockchain market grow in a way that’s sustainable and leads to wider adoption. They’ve put money into a variety of projects, including notable ones like Circle, VeChain, and Sia. This diverse portfolio suggests a strategic approach to identifying and supporting promising blockchain ventures.

Fenbushi Capital’s strategy involves more than just capital; they aim to provide strategic support to their portfolio companies. This approach is designed to help these young companies navigate the complexities of the blockchain industry and achieve long-term success. The firm’s early focus on the Asian market also gave them a unique perspective on the region’s burgeoning crypto ecosystem.

Fenbushi Capital’s early establishment in Asia provided a distinct advantage in understanding and investing in a rapidly evolving blockchain landscape.

Their investment philosophy appears to be centered on identifying foundational technologies and teams that can drive the next wave of blockchain innovation. While they have supported many projects, their focus remains on those with the potential for real-world application and market impact. The firm’s track record indicates a consistent effort to contribute to the maturation of the blockchain industry through strategic investments and support. They were involved in plans for a digital asset treasury firm, though these plans were later shelved [fe19].

16. Boost VC

Boost VC stands out as a particularly active investor, especially in what they term ‘Deep Tech.’ This means they’re looking at technologies that are often on the cutting edge, sometimes even a bit experimental. Think aerospace, virtual and augmented reality (VR/AR), new energy solutions, climate tech, robotics, and of course, crypto. They’ve been around for a while, managing over $200 million in assets.

Their investment strategy often involves leading the initial funding rounds for companies, typically for amounts of $2 million or less. This suggests a focus on very early-stage companies, where they can get in on the ground floor. They seem to have a broad interest, but their significant activity in crypto is what places them on this list.

Here’s a snapshot of their investment approach:

• Focus Areas: Deep Tech, including Aerospace, VR/AR, Energy, Climate, Robotics, Crypto, Bio/Health, AI/ML.
• Stage: Early-stage, often leading initial rounds of $2 million or less.
• Activity Level: Consistently high, averaging about one deal per week.

Boost VC operates with a philosophy of investing in the future, often in categories that are still developing. Their commitment to early-stage funding in complex technological areas shows a belief in the long-term potential of these nascent industries.

17. Electric Capital

Electric Capital is a venture capital firm that got its start with a team of people who had already built and sold tech companies. They put money into a lot of different tech startups, but they really focus on the blockchain space. It seems like they’ve backed over a hundred different companies in this area.

Their approach is to invest in projects that have the potential to change how we use digital assets and decentralized systems. They’re not just about throwing money at something; they seem to be looking for companies that are building the future of this technology.

Some of the companies they’ve invested in include:

• Kraken
• Magic Eden
• Bitwise
• LlamaDAO
• Sublime Finance

Electric Capital has been around since 2018 and is based in San Francisco. They’ve made a name for themselves by backing a wide range of crypto projects, from exchanges to infrastructure providers and decentralized finance platforms. Their focus on founders with strong technical backgrounds and a clear vision for the future of blockchain is a key part of their strategy.

18. NGC Ventures

NGC Ventures is a significant player in the cryptocurrency investment scene, with a presence that spans across San Francisco, Singapore, and Shanghai. They aren’t just about putting money into projects; they actively work to help these ventures grow into fully formed institutions. This hands-on approach means they offer more than just capital, providing resources and guidance to their portfolio companies.

Their investment strategy often targets projects with strong potential for long-term growth and adoption within the blockchain ecosystem.

Some of the notable projects that have received backing from NGC Ventures include:

• Avalanche
• Solana
• Polkadot
• Algorand
• Coin98
• MyNeighborAlice

NGC Ventures positions itself as a partner that contributes actively to the development and institutionalization of the blockchain projects it supports, aiming to build robust and sustainable entities within the digital asset space.

19. Framework Ventures

Framework Ventures is a venture capital firm that focuses on investing in projects across different stages within the blockchain and digital asset space. They bring together a team of investors, technical experts, and researchers to help guide their portfolio companies. This approach means they’re not just providing capital; they’re actively contributing their knowledge and resources to help these projects grow into established entities.

Their investment strategy often involves multi-stage projects, meaning they can support companies from their early development phases through to later growth stages. This long-term perspective allows them to build strong relationships with the teams they back and to adapt to the evolving landscape of the crypto industry.

Framework Ventures has backed a number of notable projects, demonstrating their ability to identify and support promising ventures. Some of their past investments include significant players in the blockchain ecosystem. For instance, they were involved in the funding round for Obex, a platform focused on yield-seeking stablecoin projects, which raised $37 million with support from Framework Ventures and LayerZero.

Key aspects of their support often include:

• Providing capital for development and expansion.
• Offering technical guidance and strategic advice.
• Connecting projects with industry networks and talent.
• Assisting with go-to-market strategies and user acquisition.

The firm’s commitment extends beyond simple financial backing, aiming to be a true partner in the growth and success of the blockchain projects they invest in. They look for teams with strong technical foundations and clear visions for the future of decentralized technologies.

20. ConsenSys Mesh

ConsenSys Mesh is a venture capital firm with a unique focus on the Ethereum ecosystem. It’s not just about writing checks; they also get involved in incubating new projects and doing research and development. Think of them as a support system for the Ethereum world.

Founded by Joseph Lubin, one of the co-founders of Ethereum itself, ConsenSys Mesh has a deep connection to the network’s origins and ongoing development. This background gives them a pretty good insight into what might work and what won’t.

They invest in a range of projects, from early-stage ideas to more developed companies. Their goal is to help these projects grow and become established players in the blockchain space.

Some of the projects they’ve backed include:

• Aztec Protocol
• CoinHouse
• Phonon DAO

ConsenSys Mesh plays a significant role in nurturing the growth and innovation within the Ethereum network by providing not only capital but also strategic guidance and development support.

21. AgileGTM

AgileGTM is a venture capital firm that focuses on early-stage technology companies. They are particularly interested in businesses that can demonstrate a clear path to revenue and profitability, rather than relying solely on valuation growth. This approach suggests a pragmatic investment strategy, aiming for sustainable business models.

While not exclusively a crypto-focused fund, AgileGTM’s investment thesis often aligns with sectors that intersect with blockchain technology, such as FinTech and the broader "Future of Work" (FoW) landscape. Their emphasis on revenue generation makes them an interesting partner for blockchain projects that are moving beyond speculative phases and towards real-world utility and monetization.

Key aspects of AgileGTM’s investment philosophy include:

• Focus on Revenue and Profitability: Prioritizing companies with strong unit economics and a clear strategy for generating income.
• Early-Stage Investment: Targeting pre-seed and seed rounds, where they can have a significant impact on a company’s trajectory.
• Sector Agnosticism with Strategic Overlap: While open to various technology sectors, they show a keen interest in areas where blockchain can provide a competitive advantage, like financial services and operational efficiency.

AgileGTM’s strategy of backing companies with a solid foundation for financial growth, rather than chasing inflated valuations, positions them as a thoughtful investor in the evolving tech landscape. Their interest in sectors like FinTech means they are likely to evaluate blockchain projects based on their tangible economic contributions and market adoption potential.

22. CV VC (Crypto Valley Venture Capital)

CV VC, also known as Crypto Valley Venture Capital, is a firm that puts money into blockchain projects from all over the world. They seem to have a particular knack for Web3 ideas. They don’t just hand over cash; they also help these projects grow into more established companies. Think of them as a supportive partner for new blockchain ventures.

Some of the companies they’ve backed include GenTwo, Novum, Accelchain, DoxyChain, Truly, and Proof. It’s a mix of different types of blockchain applications, showing they’re open to various innovations.

CV VC focuses on finding and funding promising blockchain solutions globally, with a special interest in the evolving Web3 space. Their approach involves not only capital investment but also active guidance to help portfolio companies mature.

Their investment strategy appears to be quite broad within the blockchain ecosystem, aiming to support a diverse range of innovative projects.

23. Continue Capital

Continue Capital is a venture firm that focuses on early-stage investments, particularly in the blockchain and cryptocurrency space. They aim to support projects that are building the infrastructure for the decentralized future. Their investment thesis often centers on protocols and applications that can drive adoption and utility within the crypto ecosystem.

The firm is known for its hands-on approach, working closely with founders to help them scale their ventures. They look for teams with strong technical backgrounds and a clear vision for how their project will contribute to the broader Web3 landscape.

Continue Capital’s investment strategy is not limited to just funding; they also provide strategic guidance and network access to their portfolio companies. This support is designed to help startups overcome common challenges faced during their growth phases.

The firm’s commitment extends to fostering innovation within the decentralized technology sector, recognizing the transformative potential of blockchain across various industries. They are particularly interested in projects that demonstrate novel use cases and sustainable tokenomics.

While specific financial figures and a comprehensive list of all past investments are not always publicly detailed, Continue Capital has been active in backing promising projects. Their focus on the foundational elements of the crypto economy suggests a long-term perspective on the market’s evolution. As the digital asset space continues to mature, firms like Continue Capital play a role in shaping its trajectory by identifying and nurturing the next generation of decentralized applications and protocols. The broader venture capital landscape has seen shifts, with Q3 2025 showing a notable decrease in overall investment, making the focused approach of firms like Continue Capital even more significant for crypto startups.

Key areas of interest for Continue Capital often include:

• Decentralized Finance (DeFi) protocols
• Layer 1 and Layer 2 scaling solutions
• Web3 infrastructure and tooling
• Decentralized Autonomous Organizations (DAOs)
• NFT infrastructure and marketplaces

24. Protocol Ventures

Protocol Ventures stands out as a significant player in the cryptocurrency venture capital scene. They’re known for backing some of the biggest names in the blockchain space and have a history of working with top-tier accelerators. This kind of involvement suggests a deep understanding of the market and a strong network.

Their investment strategy appears to focus on foundational projects and companies that have already shown considerable promise. Some of their notable portfolio companies include:

• Coinbase
• Circle
• Bitstamp
• Prism
• Genesis

This list includes entities that have become central to the digital asset ecosystem. Protocol Ventures doesn’t just put money into projects; their collaborations with accelerators indicate a hands-on approach to helping startups grow and gain traction. It’s this blend of capital and strategic support that likely makes them a sought-after partner for founders in the crypto space. They seem to be focused on building out the infrastructure and key services that the broader crypto industry relies on, as seen in their recent capital raises report.

The firm’s engagement with established accelerators and its backing of major crypto players points to a strategic focus on companies that are building the core components of the digital economy. This approach suggests a long-term vision for the growth and stability of the blockchain sector.

Their involvement with companies like Coinbase and Circle shows a commitment to supporting platforms that facilitate broader adoption and accessibility of digital assets. It’s this kind of foundational investment that helps solidify the entire crypto landscape.

25. DHVC and more

DHVC, also known as Dragon Hill Venture Capital, is a firm that looks for companies ready to shake things up in their respective markets. They’re particularly interested in areas like blockchain, big data, and artificial intelligence. This means they’re often among the first to back new ideas that could change how things are done.

Their investment strategy often targets early-stage companies, meaning they get involved when a project is just getting off the ground. This can be a high-risk, high-reward approach, but it allows them to shape the future of the technologies they believe in.

Some of the projects DHVC has put money into include:

• Ontology
• Fantom
• Cosmos
• Brave
• FTX
• Blockfolio

Beyond DHVC, the landscape of crypto investment is vast and includes many other players. Firms like CMCC Global, for instance, are significant investors, especially in Asia and North America, and they work with a wide range of companies. The crypto venture capital scene is always evolving, with new funds and strategies emerging regularly. It’s a dynamic space where identifying the next big thing is a constant pursuit for many investors.

The sheer number of firms investing in crypto shows how much potential people see in this technology. It’s not just about the money; it’s about building the next generation of digital infrastructure.

Looking Ahead

So, we’ve gone through a bunch of firms that are putting money into crypto and blockchain stuff. It’s pretty clear these companies are serious about building out the next phase of the internet and digital finance. They’re not just handing out cash; they’re bringing ideas and connections to the table. For anyone trying to get a new crypto project off the ground, finding the right VC partner from this list could really make a difference. Knowing what these firms are looking for, and where they’re placing their bets, can help you figure out your own next steps. The crypto world keeps changing, but these investors seem ready for whatever comes next.

Frequently Asked Questions

What exactly is a crypto venture capital firm?

Think of a crypto venture capital firm as a special club that gives money to new companies working with blockchain and digital money. They give these companies cash to help them grow, and in return, they get a small piece of the company or some of its digital tokens. It’s like investing in a promising idea to help it become a big success.

How is investing in crypto different from investing in regular businesses?

Crypto investors focus only on companies that use blockchain or digital currencies. They often invest using special digital tokens, not just regular money. Plus, the crypto world changes super fast and can be a bit wild, unlike more traditional businesses.

Why do these firms invest in crypto startups?

These firms invest because they believe blockchain and crypto will change the world. They look for smart ideas and talented teams that can build cool new things, like new ways to use digital money or create online worlds. They want to help these ideas grow and make a lot of money when the company does well.

What kind of projects are these firms looking for?

They’re interested in all sorts of projects! This includes new ways to handle digital money (like DeFi 2.0), fun online games with digital items (NFTs and GameFi), the basic building blocks for a decentralized internet (Web3), and even using AI with blockchain. They also like ideas that bring real-world things, like property, onto the blockchain.

What happens after a firm invests in a startup?

It’s more than just handing over money. The investment firm usually offers advice, shares their knowledge about the industry, and introduces the startup to important people. They act like a mentor to help the company succeed and grow.

How can a startup get money from these firms?

Startups usually go through different stages to get funding. First, they might have a basic idea (pre-seed). Then, they get some money to build a working version (seed). If that goes well, they can get more money to grow bigger (Series A, B, and so on). It’s a step-by-step process to show they are growing and have a good plan.