Divergence
Venture capitalSan Francisco · 2 people tracked
Find your way into Divergence
2,016 people in our graph share verified history with the Divergence team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Divergence is a crypto-focused investment firm that describes itself as backing every radical form of capital, investing across DeFi, NFTs, DAOs, and blockchain infrastructure.
Source: firm website, verified Aug 3, 2026.
Team · 2 people
from public directoriesWhat they invest in
from 15 of 51 portfolio companiesCrypto & Web3 ×14Data & Infrastructure ×6Fintech ×6Developer Tools ×4AI & Machine Learning ×2Cybersecurity ×1Deep Tech ×1Gaming ×1
HQs:United States×3Australia×1Switzerland×1France×1
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×52 founders×4
Investments · 51 tracked
founders shown can be your intro pathParis, FR
Charlotte Eli(Founder)Stéphane COQUET(Founder)
Co-investorsDigital Currency GroupWhite Star Capital
Axelar is a blockchain interoperability network that connects institutions to onchain ecosystems through a single integration, letting them deploy stablecoins, real-world assets, and funds across 80+ blockchains.
Crypto & Web3Data & InfrastructureFintechWaterloo
Sergey Gorbunov(Executive Officer, Director)inGeorgios Vlachos(Director)in
Co-investorsAndromeda CapitalBitDAOCoinbase VenturesCollab+CurrencyDCVC (Data Collective)Dragonfly+11 more
Fernando Martinelli(Founder)in
Co-investorsBlockchain CapitalContinue CapitalFenbushi CapitalLongHash VenturesNascentPantera Capital+1 more
Block Earner is an Australian fintech offering crypto-backed AUD loans, a cryptocurrency exchange for buying and selling 350+ coins, a cash account, SMSF, and OTC services.
Crypto & Web3Fintech
Charlie K.(Founder)in
Co-investorsCoinbase VenturesDigital Currency GroupLongHash VenturesCMCC GlobalKing River Capital
EigenCloud is a developer platform providing cryptographic trust primitives for applications and AI agents through verifiable computation, inference, and data availability backed by slashable stake on EigenLayer.
AI & Machine LearningCrypto & Web3Developer Tools
Sreeram Kannan(Founder)in
Co-investorsa16z cryptoAndreessen HorowitzBitDAOBixin CapitalBixin VenturesBloccelerate VC+20 more
Fingerprints is a decentralized, member-based community and platform focused on digital art, operating a shared treasury and a curated collection of NFTs selected by its curation committee.
Crypto & Web3Media & Entertainment
Co-investorsa16z cryptoAndreessen HorowitzNarcissus VenturesStandard CryptoWintermuteVariant Fund
Flamingo DAO is a member-based collector DAO that acquires and holds NFTs and digital art, including CryptoPunks and generative art.
Co-investorsArca FundsBR CapitalDeepTech VenturesExpansion Venture CapitalGood FriendsNarcissus Ventures+4 more
Builds infrastructure for stablecoins and onchain finance
Co-investorsAscensive AssetsDragonflyElectric CapitalMetastable
Gitcoin operates a directory and knowledge base for funding mechanisms, platforms, and research in decentralized networks, Ethereum, and public goods.
Crypto & Web3Data & InfrastructureGovTechLafayette, US
Kevin OwockiKevin O.(Founder)inKyle Weiss(Executive Officer, Director)
BoardMichael Kriak(Director)inMatt Huang(Director)in
Co-investorsBootNodeConsenSys MeshFenbushi CapitalIDEO CoLab VenturesIOSG VenturesOKX Ventures+4 more
Lava Network provides decentralized RPC access for interacting with blockchains, handling requests such as trading, swapping, deploying, and staking across multiple chains.
Crypto & Web3Data & InfrastructureDeveloper Tools
YairGil
Co-investorsAlliance DAO (ex DeFi Alliance)AlphaLab CapitalBlack DragonBreakOrbitCaladanNIV+10 more
Lido is a liquid staking protocol for Ethereum that allows users to stake ETH and earn rewards while maintaining liquidity through the stETH token.
Crypto & Web3Fintech
Vasily Shapovalov(Founder)
Co-investorsa16z cryptoAegis VentuesAndreessen HorowitzBR CapitalCoinFundDeepTech Ventures+16 more
Moonbeam is an EVM-compatible Layer 1 parachain built on the Polkadot SDK that lets developers build decentralized applications operating across multiple blockchain networks.
Crypto & Web3Data & InfrastructureDeveloper ToolsGaming
Derek Yoo(Founder & Core Contributor)
Co-investorsArrington CapitalAweh VenturesCoinbase VenturesCoinFundCrypto DiscoverCryptonite Capital+10 more
Co-investorsShrug CapitalTriblockVariant Fund
Panoptic is an onchain DeFi protocol for perpetual options — options without expiry dates — built on Uniswap liquidity, letting traders deploy leveraged options strategies and depositors earn yield through curator-managed vaults.
Crypto & Web3Fintech
Co-investorsAdvanced BlockchainBig Brain HoldingsCoinbase VenturesGreenfieldgumi Cryptos Capital (gCC)SevenX Ventures
PleasrDAO is a decentralized collective that acquires and preserves culturally significant digital assets, including NFTs and artifacts of internet history, using blockchain technology to enable community ownership.
Crypto & Web3Social
Co-investorsa16z cryptoAndreessen HorowitzDragonflyMetastableParaFi CapitalStandard Crypto+2 more
RISC Zero builds verifiable computation technology using zero-knowledge proofs, allowing anyone to cryptographically confirm that a computation's output is correct regardless of who ran it.
Crypto & Web3CybersecurityDeep Tech
Co-investorsCota Capital
No-code launch platform for Solana ecosystem projects seeking capital and rapid development.
Co-investorsGenblock CapitalKane & Rao GroupYoubi CapitalAscensive AssetsMoonrock CapitalMorningstar Ventures
Superfluid Labs builds digital credit scoring, customer analytics, and automated machine learning tools that help retail lenders and other businesses reduce losses, segment customers, and make data-driven decisions.
AI & Machine LearningData & InfrastructureFintech
Co-investorsRising Tide Africa (RTA)Alliance DAO (ex DeFi Alliance)DeFiance CapitalHappiness CapitalMulticoin CapitalSemantic Ventures
ZhiCheng "Miao" Miao(Founder)in
Co-investorsBollinger Investment GroupBR CapitalEterna CapitalFabric VenturesHyperithmMMC Ventures+2 more
The Graph organizes and indexes blockchain data through a decentralized network, providing web3 developers with fast, cost-efficient access to smart contract data via subgraphs and GraphQL queries.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsAGE CryptoAndromeda CapitalAngelONE CapitalBig Brain HoldingsBollinger Investment GroupBootNode+25 more
Tokemak offers Autopools, automated DeFi vaults that optimize yield by rebalancing across major protocols and assets including ETH and stablecoins.
Crypto & Web3Fintech
Co-investorsBollinger Investment GroupConsenSys MeshNIVYoubi CapitalBlockchain CapitalElectric Capital+1 more
Co-investorsCollab+CurrencyConsenSys Mesh
Web3 domain company; raised a $65M Series A.
Las Vegas, US
Matthew Gould(Executive Officer, Director)inBraden Pezeshki(Founder)in
Co-investorsDraper AssociatesPantera CapitalRed Beard VenturesSound Media VenturesTokoinAlt Tab Capital Ltd+7 more
Portfolio news
latest coverage across their companiesPanoptic · news.todayindefi.com · Jul 10, 2026
PleasrDAO · nasdaqprivatemarket.com · Apr 3, 2026
Gitcoin · gitcoin.co · Mar 5, 2026
Unstoppable Domains · sullysblog.com · Mar 3, 2026
Superfluid · gitcoin.co · Feb 28, 2026
Axelar · dlnews.com · Dec 16, 2025
Obol · icy-veins.com · Dec 6, 2025
Flamingo DAO · tradingview.com · Jul 10, 2025
Frequently asked questions
- How many investments has Divergence made?
- Divergence has 49 tracked investments.
- What sectors does Divergence focus on?
- Divergence focuses on Crypto & Web3.
- Where is Divergence located?
- Divergence is headquartered in San Francisco, US.
- Who does Divergence co-invest with?
- Divergence most often shares deals with Coinbase Ventures, Dragonfly, Metastable, among 116 tracked co-investors.
Media · Podcasts & interviews
featuring the teamEP 2: Calvin Liu from Compound Finance / Divergence Ventures
Anon Farm · Calvin Liu
Co-investors · 50
Dragonfly is a crypto-focused investment firm comprising Dragonfly Ventures, Dragonfly Liquid, and Metastable, an early crypto hedge fund it acquired. It invests in and researches blockchain, tokens, and crypto companies.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.
Multicoin Capital is a thesis-driven investment firm focused on cryptoassets, tokens, and blockchain companies, managing a hedge fund and several venture funds across public and private markets.
Blockchain Capital is a venture firm that has partnered with crypto builders since 2013, investing across the blockchain and digital asset ecosystem.
CoinFund is a crypto-focused investment firm that backs and partners with companies building open, decentralized technology across finance, infrastructure, and AI.
Variant is a venture capital firm investing in technology that expands user autonomy through greater access, knowledge, and ownership, focusing on new markets, infrastructure, and applications.
Semantic Ventures is a London-based venture firm that invests in infrastructure for data and the digital economy. Its homepage offers little further detail on stage or portfolio focus.
Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.
Robot Ventures is a $75M early-stage crypto fund founded and led by Robert Leshner (Compound) and Tarun Chitra (Gauntlet), who actively run major DeFi companies while managing the fund, giving founders direct access to operators at the center of on-chain markets. The fund specializes in backing highly technical crypto primitives at the pre-seed stage before they become marquee names, leveraging deep quant research expertise to evaluate complex DeFi mechanisms that many generalist VCs struggle to understand.
Polychain is an investment firm that actively manages portfolios of blockchain-based digital assets, aiming to deliver strong returns for its investors.
Polygon is a blockchain platform positioned as infrastructure for global payments and money movement, enabling assets to move onchain at scale. It offers an open stack for accessing the onchain economy and is powered by its native token $POL.
Ethereal Ventures is a global investment firm focused on crypto, permissionless networks, and digital assets, backing companies from inception through growth.
▶38 more co-investors
Borderless VentureCollider VenturesGeneral CatalystFounders FundGreylock PartnersUnion Square Ventures (USV)Battery VenturesUpHonest CapitalTodd and Rahul’s Angel FundAwesome People VenturesKearny JacksonBrainchild HoldingsBallistic VenturesDecibel PartnersBaruch Future VenturesTeam8A.Capital VenturesIVCHelium-3 VenturesSeed Club VenturesCanarycLabsSolana VenturesAmbush CapitalPrimitive VenturesNational Science FoundationSID Venture PartnersHashedGnosis DAOBain Capital Crypto1confirmationNew Form CapitalConsensys VenturesFounderPartnersLevel VenturesTomahawk.VCBinance LabsGBV Capital
Firms observed investing alongside Divergence, from public investor directories. Shared companies are the overlap with Divergence's recorded portfolio.
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