Top Venture Capital (VC) Firms in Web3
Web3 has drawn serious venture capital attention over the past decade, producing dedicated funds at every scale, from sub-million seed vehicles to multi-billion-dollar institutional platforms. The firms covered here range from a newly spun-out corporate venture vehicle to one of the largest crypto-native fund managers in the world, which means check sizes, sector mandates, and geographic reach vary considerably across this list.
The directory tool above lets you filter every firm Private Equity List tracks in this category by stage, region, sector, and check size. This section is meant to give you the context the filters cannot, specifically what distinguishes each firm structurally, what their sourced facts tell you about fit, and where a given firm is clearly the wrong call before you spend time on outreach.
1. .The Aventures
.The Aventures Fund holds $16 million in capital, making it one of the smaller dedicated vehicles on this list. That is not a weakness for the right founder. A $16 million fund simply cannot write large checks, but it also does not need to. Firms at this scale tend to be more accessible to early-stage teams who are not yet ready to pitch a multi-hundred-million-dollar platform.
The firm's stated focus is supporting innovation-driven startups on their path to mass adoption. That framing suggests a preference for teams building toward broad consumer or market penetration, not niche protocol infrastructure work with no near-term adoption story.
If you are raising a small early round and your pitch centers on adoption and growth rather than deep infrastructure, this fund size and mandate are a reasonable starting point. If you need a check above what a $16 million fund can practically deploy, move further down this list.
2. 11-11 Ventures
Founded in 2016 and headquartered in Johns Creek, Georgia, 11-11 Ventures has been operating in the blockchain and Web3 space longer than most firms on this list. That gives it a track record that spans multiple market cycles, including both the 2018 downturn and the 2021 peak.
The firm focuses on early-stage blockchain and Web3 technology companies, writing checks between $100,000 and $1 million. That range sits at the lower end of institutional venture, which means it is most relevant to founders at the pre-seed or seed stage before a company has the traction required to attract larger funds.
Being based in Atlanta rather than San Francisco or New York is worth understanding practically. It may reflect a geographic appetite for founders outside the traditional coastal hubs, or simply a team that built from the Southeast. Either way, if your round is small, your company is early, and you are building on blockchain infrastructure, 11-11 Ventures has the sector focus and check size to match.
3. 1745 Ventures
1745 Ventures was formed in 2025 as a spinout from Bertelsmann, the German media conglomerate, after operating for 20 years inside that company as BDMI, a corporate venture fund. The transition to an independent fund brought in outside LPs for the first time. LP stands for limited partner, meaning the outside investors who contribute capital to a venture fund.
The firm is based in New York and focuses on media, marketing, and financial services. That sector mandate reflects its Bertelsmann lineage. A firm that spent two decades backing media and marketing companies under a corporate parent does not easily pivot to backing DeFi protocols.
Given the early-stage focus and the media and fintech orientation, this is most relevant to Web3 founders whose work intersects with content, advertising technology, or financial services infrastructure, rather than pure crypto-native applications.
4. 2048 Ventures
2048 Ventures closed a $67 million Fund II in 2023, bringing total assets under management (AUM, meaning the total capital a firm manages on behalf of its investors) to $95 million. The fund was oversubscribed, which means investor demand exceeded the original target. That is a meaningful signal about LP confidence at a point in time when many crypto-adjacent funds were struggling to raise.
The firm writes first checks of $500,000 to $3 million and leads pre-seed and seed rounds. It is headquartered in New York with an additional office in Boston. Fund II was structured to target approximately 60 investments over three years, implying a high volume of smaller bets rather than a concentrated portfolio.
The sector focus spans Vertical AI, Deep Tech, Health, and Bio. That is a broader mandate than most firms on this list, and not purely Web3-native. Founders building at the intersection of those sectors and blockchain infrastructure will find a natural fit here. Founders working on pure crypto applications without an AI or biotech angle may get less traction.
5. 2080 Ventures
Founded in 2022, 2080 Ventures has made 42 investments as of available data, which is a high pace for a firm less than three years old. The founding partners came from Techstars and 500 Global, two accelerator programs known for high-volume, global deal flow. That background explains both the check size and the geographic mandate.
First checks range from $100,000 to $500,000. The firm is based in San Francisco but focuses explicitly on founders from Asia, the Middle East and North Africa, the United States, and the CIS region (the Commonwealth of Independent States, covering much of the former Soviet Union).
That combination of small checks and cross-regional founder focus is unusual. Most US-based funds at this stage concentrate domestically. If you are a founder building a Web3 company from outside the traditional US startup centers, 2080 Ventures is one of the few funds on this list structured to actively seek out that profile.
6. 50 Partners
Founded in 2012, 50 Partners accepts only six to eight projects per year from a pool of more than 2,000 applicants. That acceptance rate is under half a percent. Most early-stage funds are selective, but very few publish a ratio that specific.
The model is described as putting the collective intelligence of experienced entrepreneurs at the service of promising projects. That positioning places it closer to an operator-led fund than a pure financial investor. The implied value-add is access to a network of founders who have built companies before, not just capital.
No check size data is available from sourced facts. The extreme selectivity and operator-led structure suggest this firm prioritizes companies where experienced hands-on guidance will move the needle, not teams that simply need capital and introductions.
7. 5c(c) Capital
5c(c) Capital is one of the newer and more narrowly scoped funds on this list. Founded in 2025 and based in New York, it is raising a $35 million Fund I specifically focused on prediction market startups. Prediction markets are platforms where users trade on the outcome of future events, with price reflecting the crowd's probability estimate.
The LP base includes Tarek Mansour, the CEO of Kalshi, one of the largest regulated prediction market platforms in the United States. Having an operator of that profile as an LP gives 5c(c) Capital a credibility signal and a network that most generalist funds cannot match for this specific sector.
If you are building in the prediction market space, few funds anywhere are structured around this thesis. That specificity is an advantage for the right founder and irrelevant for everyone else.
8. 8 Decimal Capital
Founded in 2017 by Yubo Ruan, 8 Decimal Capital manages over $60 million in AUM across a portfolio of more than 40 companies. The team includes more than 10 investment professionals described as venture capital veterans, which is a larger dedicated investment staff than most funds at this AUM level typically maintain.
The firm takes a multi-strategy approach, investing in both tokens and equity. Most traditional venture funds invest only in equity, meaning ownership shares in a company. Token investing means acquiring a project's native cryptocurrency or digital asset directly. Doing both gives 8 Decimal Capital more flexibility in how it structures deals, and more ways to participate in the upside of a Web3 project.
For founders whose projects have both a token component and an equity structure, that dual capability matters. A fund that only does equity deals will often pass on token-heavy projects or require restructuring. 8 Decimal Capital does not have that constraint.
9. 1 Confirmation
1 Confirmation has a portfolio of approximately 39 startups, described in available sources as a more compact portfolio. Confidence in additional details is limited based on available data, so specific fund size and check range figures are not stated here.
What a smaller, curated portfolio does signal is that each investment likely receives more attention from the team than it would at a high-volume fund writing 60-plus checks per fund cycle. For founders who want an engaged investor rather than a passive one, that structure is worth investigating directly.
10. a16z crypto
No other firm on this list operates at anything close to a16z crypto's scale. The crypto-dedicated arm of Andreessen Horowitz has raised more than $9.8 billion across five dedicated crypto funds. The parent firm, founded by Marc Andreessen and Ben Horowitz in 2009, manages over $100 billion across all strategies.
a16z crypto invests across all stages, from early seed rounds to large growth-stage positions. That stage agnosticism, combined with the fund size, means it can write checks that simply are not available from any other firm covered here. It also means the firm can follow its winners through multiple rounds, which smaller funds often cannot afford to do.
The practical implication for most founders is that a16z crypto is highly competitive to access. The scale of capital also means the firm targets companies with the potential to return a very large multiple on a large investment. Early-stage teams building niche applications are unlikely to fit the return profile a fund of this size requires.
Let's Recap
The ten firms above cover a wide band of the Web3 venture landscape, but they are not interchangeable. At one end, you have a16z crypto, with nearly $10 billion in dedicated crypto capital and the ability to invest at any stage. At the other end, you have The Aventures Fund at $16 million, or 5c(c) Capital targeting a single emerging sector with a $35 million first fund. The firms in between, such as 2048 Ventures, 8 Decimal Capital, and 2080 Ventures, represent the mid-market of Web3 venture: meaningful capital, defined mandates, and check sizes that match the actual fundraising reality of most early-stage founders.
Stage and check size aside, sector specificity is the most useful filter here. 5c(c) Capital is built around one thesis. 1745 Ventures reflects a corporate media heritage. 2048 Ventures spans AI and bio alongside Web3. 8 Decimal Capital's token-plus-equity structure suits projects that do not fit cleanly into traditional equity-only frameworks. Matching your company's structure and sector to the fund's actual mandate will save you more time than almost any other filter you apply.
For practical targeting:
- Pre-seed or seed round, blockchain or Web3 focus, check under $1 million: 11-11 Ventures, 2080 Ventures, The Aventures Fund
- Seed round, $500K to $3 million first check, AI or Deep Tech intersection with Web3: 2048 Ventures
- Token-plus-equity deal structure, early-stage Web3: 8 Decimal Capital
- Prediction market startup at any early stage: 5c(c) Capital
- Web3 company with a media, marketing, or fintech angle: 1745 Ventures
- Operator-led mentorship as important as the capital itself, highly selective process: 50 Partners
- Growth or later-stage Web3, or any stage with a very large round target: a16z crypto
Before reaching out, run the filters above to make sure the fund is still active and aligned.
For teams working across multiple targets, Private Equity List's API and MCP tools let you pull every web3 VC firm Private Equity List tracks by stage, check size, and sector and cut the list down before outreach begins.