Ultimate Guide to Crypto VC Fundraising

Navigating the World of Crypto VC

In the rapidly evolving landscape of cryptocurrency and blockchain, securing investment from a venture capitalist (VC) can be a game-changer for emerging projects. With the right approach and understanding, navigating the complex terrain of "crypto VC," "blockchain VC," and "crypto raise" becomes an achievable mission.

This guide explores the critical aspects of VC fundraising, spotlighting the significance of a strategic approach and the indispensable role of sophisticated tokenomics simulation in captivating top VCs.

Building Your VC Pipeline: A Strategy for Success

The journey to a successful fundraise in the crypto domain is often paved with anticipation and strategic networking. Establishing a robust pipeline of VCs is paramount. The essence of fundraising lies in generating a sense of FOMO (Fear of Missing Out) among investors. Engaging in as many conversations as possible enhances your project's visibility and appeal, significantly boosting your chances of securing investment.

To streamline your VC outreach, we provide an invaluable resource - an Excel spreadsheet detailing a comprehensive list of +100 potential crypto VCs. Unlock access to this curated list and take the first step towards building a promising VC pipeline.

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What VCs Seek in Crypto Projects: Beyond the Basics

When it comes to investments, VCs are on the lookout for projects that not only stand out but also demonstrate robustness in their token economics. They are searching for more than just basic visuals like a simple pie chart. Instead, they seek a comprehensive and well-structured token model. This includes how a project plans to distribute and manage its tokens, ensuring long-term value and stability.

Additionally, VCs are interested in the mechanisms through which they can invest in these projects. A popular method is through a SAFT (Simple Agreement for Future Tokens) or similar agreements. These mechanisms offer a legal framework for investing in projects before their tokens become publicly available, providing a layer of security and confidence for both parties involved.

Cenit Simulation: Elevating Your Token Design

The Cenit Simulation software is your ally in preparing a robust token economy. It aids in crafting a sophisticated token design that resonates with VCs, ensuring your project stands out. By leveraging Cenit Simulator, you present your project not just as an investment opportunity but as a testament to foresight and meticulous planning in the dynamic crypto landscape.

Want to know how to optimize your token economy?
Tokenomics design simulator

The Top Crypto VCs of 2024

As we look towards the future, certain VCs have distinguished themselves through their active engagement and investment in crypto projects. Here's a list of the top 25 VCs crypto based on the latest data from DeFiLlama, focusing on the number of deals closed in the last 180 days, a new echelon of "top crypto VC," "crypto VC fund," and "blockchain VC firms" emerges. These entities are not just investors; they are partners in innovation, pushing the boundaries of blockchain technology and cryptocurrency.

1. OKX Ventures: is dedicated to discovering and investing in innovative blockchain projects worldwide, including blockchain infrastructure, Layer2, DeFi, WEB3.0, NFT, and the Metaverse. Their mission is to foster sustainable development across the industry, leveraging global resources and experience to support passionate dreamers and founders.

  • Deals: 10. Median Amount: $NA .Top Project Category: DeFi. Top Round Type: Private

2. Binance Labs: identifies and empowers viable blockchain entrepreneurs, startups, and communities, aiming to grow the wider blockchain ecosystem. They focus on supporting fast-executing technical teams that contribute positively to the crypto space and the development of the decentralized web.

  • Deals: 9. Median Amount: $NA. Top Project Category: DeFi. Top Round Type: Seed

3. a16z crypto: with over $7.6 billion assets under management, has been at the forefront of investing in the web3 space across all stages since 2013. Directed by Chris Dixon of Andreessen Horowitz, they aim to unlock a new wave of creativity and entrepreneurship by combining the decentralized ethos of the internet's first era with the advanced functionality of its second.

  • Deals: 6. Median Amount: $20.00m. Top Project Category: Web3. Top Round Type: Seed

4. Polychain Capital: is recognized as a leading digital asset investment fund, focusing on managing global blockchain assets to achieve exceptional returns for investors. They prioritize long-term vision and quantitative reasoning, supporting innovative blockchain ecosystem development.

  • Deals: 5. Median Amount: $9.25m. Top Project Category: DeFi. Top Round Type: Seed

5. Animoca Brands: leverages blockchain technology to deliver digital property rights globally, establishing itself as a leader in the open metaverse. With a diverse portfolio including The Sandbox and partnerships with major entertainment properties, they are one of the most active investors in Web3, aiming to shape the future of digital ownership.

  • Deals: 5. Median Amount: $3.00m. Top Project Category: Gaming. Top Round Type: Seed

6. Polychain: is recognized as a leading digital asset investment fund, focusing on managing global blockchain assets to achieve exceptional returns for investors. They prioritize long-term vision and quantitative reasoning, supporting innovative blockchain ecosystem development.

  • Deals: 5. Median Amount: $9.96m. Top Project Category: L1. Top Round Type: Series A

7. Borderless Capital: focuses on Web3 technology, supporting the next wave of creators in developing innovative technologies for borderless value creation. With expertise in digital payments infrastructure and blockchain platforms, they invest in infrastructure, business applications, and emerging cryptographic protocols.

  • Deals: 5. Median Amount: $2.50m. Top Project Category: DeFi. Top Round Type: Seed

8. a16z: backs bold entrepreneurs with technology-driven visions, being stage agnostic across a wide range of sectors. With $35B in assets under management, they support the entrepreneurial process with a deep respect for founders, leveraging partners' vast domain expertise.

  • Deals: 4. Median Amount: $25.00m. Top Project Category: DeFi. Top Round Type: Seed

9. 1kx: specializes in ecosystem growth, believing in the decentralized future powered by token networks. They help founders bootstrap token networks, focusing on community engagement and sustainable economic models for web3 initiatives.

  • Deals: 4. Median Amount: $6.65m. Top Project Category: Infrastructure. Top Round Type: Seed

10. Dao5: is an experimental cryptocurrency investment fund transitioning into a DAO, aiming to empower portfolio founders with strategic asset management. They anticipate evolving and adapting governance to meet the decentralized economy's needs, emphasizing co-management and strategic autonomy.

  • Deals: 4. Median Amount: $4.20m. Top Project Category: Infrastructure. Top Round Type: Seed

11. CoinFund: began in 2015, emphasizing early insight into groundbreaking technology trends in cryptocurrency and decentralization. They actively build alongside their investments, leveraging a multidisciplinary team to accelerate frontier technology companies towards success.

  • Deals: 4. Median Amount: $3.60m. Top Project Category: Infrastructure. Top Round Type: Seed

12. Maven 11: operates as a crypto-native fund, championing the redefinition of ownership by supporting outliers who challenge traditional norms. Their partnership approach is rooted in the transformative potential of blockchain technology.

  • Deals: 4. Median Amount: $10.07m. Top Project Category: Custody. Top Round Type: Seed

13. Multicoin Capital: adopts a thesis-driven investment strategy, focusing on long-term commitments in crypto companies and protocols that define categories. They believe in the transformative wealth shift enabled by crypto.

  • Deals: 3. Median Amount: $6.00m. Top Project Category: Infrastructure. Top Round Type: Seed

14. Archetype: is an early-stage venture fund dedicated to the decentralized future, backing crypto founders set on disrupting the status quo and creating new markets. Their team offers extensive support, from investing to engineering and community-building.

  • Deals: 3. Median Amount: $8.50m. Project Category: Smart contract audits. Round Type: Seed

15. Variant: focuses on investing in the next evolution of the internet, where users become owners. This first-check venture capital firm is committed to fostering an inclusive and participatory digital ecosystem.

  • Deals: 3. Median Amount: $9.45m. Project Category: DeFi. Round Type: Seed

16. Greenfield Capital: is a European investment firm with a long-term vision for early developer teams working towards an open, decentralized web architecture, emphasizing the development of robust future technologies.

  • Deals: 3. Median Amount: $3.95m. Project Category: NFT. Round Type: Seed

17. Paradigm: specializes in crypto and related frontier technologies, engaging deeply from early stages with investments ranging from $1M to $100M+. Their comprehensive support spans technical, operational, and strategic areas.

  • Deals: 3. Median Amount: $16.95m. Project Category: DeFi. Round Type: Series A

18. Bain Capital Crypto: envisions a fundamental shift of the internet towards decentralization, supporting teams from ideation to scale. Their team, comprising hackers and builders, focuses on the technological developments shaping the new internet.

  • Deals: 3. Median Amount: $5.60m. Project Category: Infrastructure. Round Type: Seed

19. The Spartan Group: has established itself as a Web3 authority since 2017, engaging in venture investments, M&A deals, and capital raises. They leverage their deep industry expertise and network to partner with world-class teams.

  • Deals: 3. Median Amount: $3.65m. Project Category: Crypto Intelligence. Round Type: Seed

20. Hack VC: is known for being among the first institutional investors in Web3, with a team of crypto-native VCs, founders, and developers. They emphasize their early engagement and deep involvement in the Web3 ecosystem.

  • Deals: 3. Median Amount: $5.30m. Project Category: DeFi. Round Type: Seed

21. Pantera Capital: founded by Dan Morehead, launched the first blockchain hedge and venture funds in the U.S. in 2013. They boast a significant investment track record, highlighting their pioneering role and expertise in blockchain investment.

  • Deals: 3. Median Amount: $6.85m. Project Category: DeFi. Round Type: Seed

22. Placeholder: invests in decentralized protocols and Web3 services, focusing on both team and network funding to ensure long-term success. The firm is managed by a balanced and experienced team dedicated to nurturing the growth of decentralized networks.

  • Deals: 3. Median Amount: $4.00m. Project Category: DeFi. Round Type: Seed

23. Arrington XRP Capital: has been a thesis-driven investor in digital assets and Web3 since 2017, focusing on identifying and supporting innovative projects within the blockchain and digital asset space.

  • Deals: 3. Median Amount: $3.00m. Project Category: DeFi. Round Type: Seed

24. Electric Capital: partners with crypto founders from the earliest stages, offering deep expertise in areas critical to the success of decentralized projects, including community governance and token economics.

  • Deals: 3. Median Amount: $4.20m. Project Category: DeFi. Round Type: Seed

25. Morningstar Ventures: invests primarily in early-stage token and equity rounds within digital assets and blockchain technology. Founded in 2020, it aims to not only invest but also contribute to product development and blockchain adoption in key regions.

  • Deals: 2. Median Amount: $0.75m. Project Category: Infrastructure. Round Type: Seed

In conclusion, as we navigate the complex and dynamic world of cryptocurrency fundraising, the importance of aligning with the right venture capital partners cannot be overstated. For projects at the cusp of launching their token, understanding the landscape of crypto VC investment is crucial. 

And remember, you're not just raising capital; you're setting the stage for long-term success and innovation in the crypto space.