Web3, also known as the decentralized web, is the next evolution of the internet. It is a new paradigm that is built on blockchain technology and aims to create a more open, transparent, and secure internet. As the web3 ecosystem continues to grow, so does the need for venture capital firms to invest in promising projects and startups. In this article, we will explore the leading 20 web3 venture capital firms that are actively investing in the 2023 bear market.
1. Andreessen Horowitz (a16z)
Andreessen Horowitz, also known as a16z, is a Silicon Valley-based venture capital firm that has been actively investing in web3 projects since 2013. The firm has a dedicated crypto fund and has invested in several high-profile web3 projects such as Coinbase, MakerDAO, and Compound.
2. Polychain Capital
Polychain Capital is a San Francisco-based venture capital firm that specializes in blockchain and cryptocurrency investments. The firm was founded in 2016 and has since become one of the most active investors in the web3 space. Polychain has invested in several notable projects such as Uniswap, Chainlink, and Filecoin.
3. Paradigm
Paradigm is a crypto-focused venture capital firm that was founded in 2018 by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang. The firm has invested in several high-profile web3 projects such as Uniswap, Compound, and MakerDAO.
4. Placeholder
Placeholder is a New York-based venture capital firm that focuses on investing in decentralized protocols and applications. The firm was founded in 2017 and has invested in several notable web3 projects such as Filecoin, Arweave, and Livepeer.
5. Dragonfly Capital Partners
Dragonfly Capital Partners is a crypto-focused venture capital firm that was founded in 2018 by former Sequoia Capital partner Bo Feng and former General Partner at Lightspeed Venture Partners, Alexander Pack. The firm has invested in several high-profile web3 projects such as Compound, MakerDAO, and Chainlink.
6. Blockchain Capital
Blockchain Capital is a San Francisco-based venture capital firm that focuses on investing in blockchain and cryptocurrency startups. The firm was founded in 2013 and has invested in several notable web3 projects such as Coinbase, BitGo, and Chain.
7. Electric Capital
Electric Capital is a crypto-focused venture capital firm that was founded in 2018 by Avichal Garg, Curtis Spencer, and Maria Shen. The firm has invested in several high-profile web3 projects such as Chainlink, Compound, and Uniswap.
8. Pantera Capital
Pantera Capital is a San Francisco-based venture capital firm that specializes in blockchain and cryptocurrency investments. The firm was founded in 2013 and has invested in several notable web3 projects such as BitGo, Circle, and Chain.
9. Multicoin Capital
Multicoin Capital is a crypto-focused venture capital firm that was founded in 2017 by Kyle Samani and Tushar Jain. The firm has invested in several high-profile web3 projects such as Chainlink, MakerDAO, and Compound.
10. 1confirmation
1confirmation is a crypto-focused venture capital firm that was founded in 2017 by Nick Tomaino. The firm has invested in several notable web3 projects such as Uniswap, Compound, and MakerDAO.
11. Framework Ventures
Framework Ventures is a crypto-focused venture capital firm that was founded in 2019 by Michael Anderson and Vance Spencer. The firm has invested in several high-profile web3 projects such as Chainlink, Uniswap, and Aave.
12. CoinFund
CoinFund is a crypto-focused venture capital firm that was founded in 2015 by Jake Brukhman and Alex Felix. The firm has invested in several notable web3 projects such as Gnosis, Augur, and Numerai.
13. Digital Currency Group
Digital Currency Group is a New York-based venture capital firm that focuses on investing in blockchain and cryptocurrency startups. The firm was founded in 2015 and has invested in several high-profile web3 projects such as Coinbase, Chain, and Ripple.
14. Initialized Capital
Initialized Capital is a Silicon Valley-based venture capital firm that was founded in 2011 by Garry Tan and Alexis Ohanian. The firm has invested in several notable web3 projects such as Coinbase, Chain, and Instacart.
15. Pantera Blockchain Fund
Pantera Blockchain Fund is a crypto-focused venture capital firm that was founded in 2013 by Dan Morehead. The firm has invested in several high-profile web3 projects such as BitGo, Circle, and Chain.
16. Galaxy Digital
Galaxy Digital is a New York-based venture capital firm that focuses on investing in blockchain and cryptocurrency startups. The firm was founded in 2018 by Michael Novogratz and has invested in
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- Source: https://zephyrnet.com/top-20-active-web3-vcs-investing-in-2023-bear-market/