Fundraising Fox

Divergence

Venture capital

San Francisco Β· 2 people tracked

✨ Fox Verdict
Sign up to see your fit

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.

HQ
San Francisco, CA, US
Instruments
Equity
Tracked investments
49

Team Β· 2 people

from public directories

What they invest in

from 11 of 49 portfolio companies

Crypto & Web3 Γ—11Fintech Γ—4Data & Infrastructure Γ—3Developer Tools Γ—3AI & Machine Learning Γ—1Cybersecurity Γ—1Deep Tech Γ—1Gaming Γ—1

HQs:United StatesΓ—2AustraliaΓ—1

Investments Β· 49 tracked

founders shown can be your intro path
Angle
Anima
Arbitrum
Async Art
Atlendisatlendis.io

Co-investorsDigital Currency GroupWhite Star Capital

Axelaraxelar.network𝕏Jun 2021

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)Georgios Vlachos(Director)

Co-investorsAndromeda CapitalBitDAOCoinbase VenturesCollab+CurrencyDCVC (Data Collective)Dragonfly+10 more

Block Earnerblockearner.com.auin𝕏

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

Co-investorsLongHash VenturesCMCC GlobalDigital Currency GroupKing River Capital

Boardroom
Catalog
Compound
Cozy
Cubist
Dune
Earth
Eco
EigenLayereigenlayer.xyz𝕏

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)

Co-investorsa16z cryptoAndreessen HorowitzBitDAOBixin CapitalBixin VenturesBloccelerate VC+18 more

Foundation
Friends With Benefits
Galaxy
Gitcoingitcoin.co𝕏Mar 2021

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 OwockiKyle Weiss(Executive Officer, Director)

BoardMichael Kriak(Director)inMatt Huang(Director)in

Co-investorsBootNodeConsenSys MeshFenbushi CapitalIDEO CoLab VenturesIOSG VenturesOKX Ventures+4 more

Goldfinch
Laconic
Lava Network
Lido

Liquid staking protocol for Ethereum

Co-investorsDeFiance CapitalKleinblue Capital (0xkb)KR1Kryptonite1 PLCLBANK LabsMetastable+1 more

Mero
Moonbeammoonbeam.networkin𝕏

Moonbeam is a blockchain infrastructure platform and Ethereum-compatible network for building Web3 applications across areas such as Real World Assets, gaming, DeFi, and cross-chain connectivity, with tooling and grant programs aimed at developers and companies.

Crypto & Web3Developer ToolsGaming

Derek Yoo(Founder)

Co-investorsArrington CapitalAweh VenturesCoinbase VenturesCrypto DiscoverCryptonite CapitalD1 Ventures+9 more

Nine Chroniclesnine-chronicles.com
Obolobol.orgin𝕏

Obol provides distributed validator infrastructure for Ethereum staking, enabling institutional operators to secure cryptocurrency assets across the blockchain network.

Crypto & Web3

Co-investorsAdvanced BlockchainArchetypeNascent

Oncyberoncyber.io

Co-investorsShrug CapitalTriblockVariant Fund

Ondo
Opyn
Panopticpanoptic.xyzin𝕏

Panoptic is an onchain DeFi protocol for perpetual options β€” options without expiry dates β€” 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

PleasrDAOpleasr.org

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+1 more

Risc0risc0.com𝕏

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

Scenius
Spacerunners
Switchboard
Syndicate
Tally
Tessera
The Graphthegraph.comin𝕏

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+23 more

Tokemaktokemak.xyz

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

Tribute Labs

Co-investorsCollab+CurrencyConsenSys Mesh

Unstoppable Domainsunstoppabledomains.com

Web3 domain company; raised a $65M Series A.

Las Vegas, US

Matthew Gould(Executive Officer, Director)

Co-investorsPantera CapitalRed Beard VenturesSound Media VenturesTokoinBalaji SrinivasanBoost VC+2 more

Portfolio news

latest coverage across their companies
Intro to Panoptic: Earn Yield From Volatility

Panoptic Β· news.todayindefi.com Β· Jul 10, 2026

Sell or Invest in PleasrDAO Stock Pre-IPO

PleasrDAO Β· nasdaqprivatemarket.com Β· Apr 3, 2026

Deep Funding (AI-PGF) | Gitcoin

Gitcoin Β· gitcoin.co Β· Mar 5, 2026

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 Metastable, Coinbase Ventures, Dragonfly, among 98 tracked co-investors.

Media Β· Podcasts & interviews

featuring the team

EP 2: Calvin Liu from Compound Finance / Divergence Ventures

Anon Farm Β· Calvin Liu

Co-investors Β· 49

Dragonfly

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.

Both backed Β· 4
$3M – $30M
Andreessen Horowitz

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.

Both backed Β· 3
EigenLayerPleasrDAOFingerprintsDAO
$500K – $50M
Blockchain Capital

Blockchain Capital is a venture firm that has partnered with crypto builders since 2013, investing across the blockchain and digital asset ecosystem.

Both backed Β· 3
EigenLayerBalancerTokemak
$25K – $200K
Variant Fund

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.

Both backed Β· 3
PleasrDAOFingerprintsDAOOncyber
$250K – $750K
Hack VC

Hack VC is a thesis-driven venture capital firm that partners with founders at the earliest stages building next-generation Internet technologies across crypto, AI, and other frontier areas.

Both backed Β· 1
$3M
Polygon

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.

Both backed Β· 1
Ethereal Ventures Management Ltd.

Ethereal Ventures is a global investment firm focused on crypto, permissionless networks, and digital assets, backing companies from inception through growth.

Both backed Β· 1
Collider Ventures

Collider Ventures related page; the extracted content consists of blog-post style commentary about crypto and stablecoins and a mention of Collider's research team receiving a bug bounty. No clear firm-level investment details are present.

Both backed Β· 1
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

$30M
Founders Fund

Founders Fund is a venture capital firm that backs technology companies building transformative products.

$500K – $5M
Greylock Partners

Greylock Partners is an early-stage venture capital firm that partners with founders building novel companies, providing deep engagement, network, and resources to each investment.

$100K – $200M
Union Square Ventures (USV)

Union Square Ventures is a venture capital firm based in New York City that invests at the edge of large markets undergoing transformation from technological and societal pressures.

$1M – $8M
β–Ά37 more co-investors

Battery VenturesUpHonest CapitalTodd and Rahul’s Angel FundAwesome People VenturesKearny JacksonBrainchild HoldingsBallistic VenturesCoinFundDecibel PartnersPolychain CapitalBaruch Future VenturesTeam8A.Capital VenturesIVCHelium-3 VenturesMulticoin CapitalSeed Club VenturesCanarycLabsSolana VenturesAmbush CapitalPrimitive VenturesNational Science FoundationSID Venture PartnersHashedGnosis DAOBain Capital CryptoBorderless VentureSemantic Ventures1confirmationNew 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.

Similar investors

Featured in lists