Sfermion

Investor type

VC / Fund of funds

Founded

2019

AUM

$140 M

Location

Chicago, Illinois, United States

Investment Ticket

$5-10 m

Investment Stage

Series A Seed Pre-seed Series B

Region of investment

North America Europe Asia
Investor profile last updated: 16 August, 2026

Profile

Sfermion is a venture capital firm based in Chicago, Illinois, founded in 2019. The firm is led by General Partner Dan Patterson and Managing Partner Andrew Steinwold, with a team of seven professionals. Sfermion distinguishes itself by focusing on the metaverse and digital assets, aiming to accelerate the emergence of the open metaverse.

The firm invests primarily in the technology sector, with a focus on Web3, gaming, VR, AI, fintech, and media. Sfermion typically invests in pre-seed to Series A stages, with check sizes ranging from $500K to $10M. The firm has a notable presence in the United States, Canada, Asia-Pacific, and Europe. Sfermion manages multiple funds, including Fund II with an AUM of $100 million launched in 2021.

Notable investments by Sfermion include Sorare - a fantasy sports platform, Immutable - a blockchain gaming company, and Lolli - a bitcoin rewards platform. The firm has participated in over 160 investments, with a portfolio that includes companies like KOR Protocol and Blockworks.

Industry

Web3 VR/AR Digital Financial Services Fintech Gaming Internet and Web Services Marketing and Advertising Media and Entertainment AI

Sfermion Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Fund II
Fund of funds
Financial Services
Fintech
Gaming
Marketing and Advertising
Media and Entertainment
Seed
Series A
Series B
North America
$5-10 m
$100 M
November 2021

Contacts

Name
Title
Email
avatar
Dan Patterson General Partner
General Partner
d•••@•••
avatar
Andrew Sih Chief Financial Officer
Chief Financial Officer
a•••@•••
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Investment-team contacts for Sfermion — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Sfermion

Sfermion is a venture capital firm that also operates as a fund of funds. It backs companies at Series A, Seed, Pre-seed and Series B, writing tickets of $5-10 m.
Sfermion is located in Chicago, Illinois, United States.
Sfermion was founded in 2019.
Sfermion invests in companies and startups in Web3, VR/AR, Digital, Financial Services, Fintech, Gaming, Internet and Web Services, Marketing and Advertising, Media and Entertainment, AI.
Sfermion invests in companies and startups in North America, Europe, Asia.
Sfermion invests in companies and startups at Series A, Seed, Pre-seed, Series B.
Sfermion usually invests $5-10 m on average.
Sfermion has around $140m assets under management.
Sfermion last fund was created/launched in 2021-11-01
Sfermion can be reached through its website sfermion.io, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Sfermion — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.