Fundraising FoxDivergence
Venture capitalSan Francisco · 2 people tracked
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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 26 of 62 portfolio companiesCrypto & Web3 ×26Fintech ×11Data & Infrastructure ×10Developer Tools ×5AI & Machine Learning ×2Cloud Computing ×2Cybersecurity ×2Social ×2
HQs:United States×7Australia×1Switzerland×1France×1Norway×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×42 founders×53 founders×1
Investments · 62 tracked
founders shown can be your intro pathBy year:2024 · 92023 · 12022 · 12021 · 32020 · 115 dated
1inch develops decentralized finance (DeFi) technology and products aimed at giving users and partners secure, compliant access to on-chain financial tools.
Crypto & Web3FintechTortola
Anton Bukov(Director, Promoter)inSergej Kunz(Founder)in
Co-investorsBig Candle CapitalBlockchain CapitalBR CapitalDragonflyFabric VenturesFaculty Group+28 more
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Paris, 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+19 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 & Web3FintechSydney, AU
Charlie K.(Founder)inCharlie Karaboga(Co-founder, CEO)Jordan Momtazi(Co-founder)
Co-investorsCoinbase VenturesDigital Currency GroupKing River CapitalLongHash VenturesCMCC GlobalFramework Ventures
Compound is an Ethereum smart-contract protocol for supplying and borrowing crypto assets at algorithmically set interest rates.
Geoffrey Hayes(Founder)Robert Leshner(Founder)
Co-investorsa16z cryptoAbstract VenturesAndreessen HorowitzBig Candle CapitalBitDAOChapter One+11 more
Dora Factory develops full-stack infrastructure for the Anonymous MACI (aMACI) protocol, enabling private, collusion-free, decentralized voting and polling for online communities.
Crypto & Web3CybersecurityData & Infrastructure
Co-investorsBR CapitalCrypto DiscoverDigital Finance GroupElliptiSpark Digital Capital
Dune provides normalized blockchain datasets covering 130+ chains, including stablecoin, prediction market, tokenized real-world asset, and token balance data, delivered into customers' existing data warehouses such as Snowflake, Databricks, or BigQuery.
Crypto & Web3Data & InfrastructureFintechOslo, NO
FredrikMats
Co-investorsAmbush CapitalBitDAOCoinbase VenturesCoinFundDigital Currency GroupLattice Capital+12 more
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+21 more
A marketplace that allows creators to sell face filter designs as NFTs to fans and provides tools for designing augmented reality filters for social media platforms.
ConsumerCrypto & Web3San Francisco, US
Chris Horne(Founder)in
Co-investorsY CombinatorJosh HannahPioneerProtocol LabsSoma Capital
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+5 more
FWB is a members-only community and cultural organization for artists, technologists, and builders that organizes events, funds projects, and operates as a decentralized autonomous organization (DAO).
Creator EconomyCrypto & Web3Sector AgnosticSocialIdyllwild, US
Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesCollab+CurrencyDeepTech VenturesKindred Ventures+4 more
Gevulot builds Zenith, an Ethereum-compatible execution environment (EVM) that extends the Canton Network for high-frequency institutional finance, offering EVM and SVM deployment and custom blockchain environments with atomic settlement.
Crypto & Web3Data & InfrastructureFintech
Co-investorsBankless VenturesMoonhill CapitalRockawayXVOLT CAPITAL
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 CapitalHTX Ventures (ex Huobi Ventures)IDEO CoLab VenturesIOSG Ventures+7 more
A crypto credit protocol that allows for borrowing without crypto collateral.
Panama City
Diana Munoz(Executive Officer, Director)
BoardPersis Manfred Sarmient(Director)Omar Camargo(Director)
Co-investorsHack VCa16z cryptoAndreessen HorowitzBalaji SrinivasanCoinbase VenturesHelicap+3 more
Laconic provides hosting and infrastructure solutions for Web3 applications, offering jurisdictional diversity through offshore hosting and a registry system that connects developers with service providers across different regions.
Cloud ComputingCrypto & Web3Developer Tools
Co-investorsAdvanced BlockchainLemniscap
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 DragonBreakOrbitCaladanFounderheads,+15 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+18 more
Co-investorsTPC Club (The presale club)TPC Ventures
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+11 more
Obol provides distributed validator infrastructure for Ethereum staking, enabling institutional operators to secure cryptocurrency assets across the blockchain network.
Cloud ComputingCrypto & Web3Data & InfrastructureZug, CH
Collin Myers(Founder)inOisín Kyne(Founder)inSchmiedt Mara(Executive Officer)
Co-investorsAdvanced BlockchainAmbush CapitalArchetypeCoinbase VenturesFigmentMaelstrom+5 more
Opyn provides a permissionless decentralized finance protocol for deploying perpetual futures markets on any ERC-20 token pair, with features including automated market making vaults, portfolio margin, and support for linear, stable, and option-like perps.
Crypto & Web3Fintech
Co-investors1k(x)1kxA.Capital VenturesCoinbase VenturesParadigmVersion One Ventures+4 more
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 Venturesgumi IncVidenGreenfield+2 more
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
Plume provides a platform for tokenizing and distributing real-world assets (RWAs) on blockchain infrastructure.
Crypto & Web3FintechNew York, US
Christopher Yin(Executive Officer, Director)Theodore Pornprinya(Executive Officer)Eugene Y. Q. Shen(Founder)inChris Yin(Founder)inEugene Shen(Executive Officer)in
Co-investorsA.Capital VenturesAlphaLab CapitalBreedCaladanCoinvestor VenturesF-Prime Capital+15 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
Co-investorsY2Z Ventures
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 LearningCrypto & Web3Data & InfrastructureFintech
ZhiCheng "Miao" Miao(Founder)in
Co-investorsBollinger Investment GroupBR CapitalEterna CapitalFabric VenturesHyperithmMMC Ventures+7 more
Syndicate provides infrastructure to scale the Ethereum blockchain, supporting staking and development operations on the network.
Crypto & Web3Mountain View, US
William Raphael Papper(Executive Officer, Director)Ian John Lee(Executive Officer, Director)ian //(Founder)in
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzArchetypeAtelierBlueYard Capital+25 more
Tally provides a governance platform for DAOs (decentralized autonomous organizations), enabling token holders to create and vote on proposals and track voters and holders.
Crypto & Web3SaaS
Co-investorsBloccelerate VCBollinger Investment GroupNotation Capital1kxAppWorksSway Ventures
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+31 more
Tokemak offers Autopools, automated DeFi vaults that optimize yield by rebalancing across major protocols and assets including ETH and stablecoins.
Crypto & Web3Fintech
Co-investorsBlockchain CapitalBollinger Investment GroupConsenSys MeshNIVYoubi CapitalCoinbase Ventures+3 more
Web3 domain company; raised a $65M Series A.
Las Vegas, US
Matthew Gould(Executive Officer, Director)inBraden Pezeshki(Founder)in
Co-investorsDraper AssociatesDraper Goren BlockchainPantera CapitalRainfall VenturesRed Beard VenturesSound Media Ventures+9 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AngleAnimaArbitrumBoardroomCatalogCozyCubistCysicEarthEcoFoundationFraxGalaxyMeroNectar AINine ChroniclesNoble XYZOncyberOndoPi SquaredPredicateSceniusSpacerunnersSwitchboardTesseraTribute Labs
Portfolio news
latest coverage across their companiesGitcoin · gitcoin.co · Mar 5, 2026
Frequently asked questions
- How many investments has Divergence made?
- Divergence has 62 tracked investments, including 1 dated in the last 24 months.
- 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 129 tracked co-investors.
Media · Podcasts & interviews
featuring the teamEP 2: Calvin Liu from Compound Finance / Divergence Ventures
Anon Farm · Calvin Liu
Co-investors · 50
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.
CoinFund is a crypto-focused investment firm that backs and partners with companies building open, decentralized technology across finance, infrastructure, and AI.
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.
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.
Blockchain Capital is a venture firm that has partnered with crypto builders since 2013, investing across the blockchain and digital asset ecosystem.
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.
A.Capital Ventures is an early-stage venture firm that provides funding, network access, and hands-on support to entrepreneurs building forward-thinking technology companies.
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.
Polychain is an investment firm that actively manages portfolios of blockchain-based digital assets, aiming to deliver strong returns for its investors.
Ambush Capital is an early-stage angel fund based in New York that supports entrepreneurs during the early phases of building their companies.
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
Binance LabsBattery VenturesTodd and Rahul’s Angel FundRobot VenturesPolygonHashedBorderless VentureCollider VenturesGeneral CatalystFounders FundGreylock PartnersUnion Square Ventures (USV)UpHonest CapitalAwesome People VenturesKearny JacksonBrainchild HoldingsBallistic VenturesDecibel PartnersBaruch Future VenturesTeam8IVCHelium-3 VenturesSeed Club VenturesCanarycLabsSolana VenturesPrimitive VenturesNational Science FoundationSID Venture PartnersGnosis DAOBain Capital Crypto1confirmationNew Form CapitalConsensys VenturesFounderPartnersLevel VenturesTomahawk.VCGBV Capital
Firms observed investing alongside Divergence, from public investor directories. Shared companies are the overlap with Divergence's recorded portfolio.
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