Ethereal Ventures Management Ltd.
Venture capitalActively deployingRoad Town, Tortola · Pre-Seed–Growth · 13 people tracked
Also known as Ethereal Ventures Sorare
Investment thesis
Ethereal Ventures backs founders building in crypto and Web3, driven by the belief that permissionless networks and digital assets represent a civilizational paradigm shift toward sovereignty, ownership, and access. The firm invests globally and supports companies across their lifecycle, from inception to growth. It emphasizes a founder-forward, hands-on approach, engaging deeply on technical architecture, protocols, and research. Beyond capital, Ethereal helps founders achieve product-market fit and scale globally through its network and market insights. The firm prioritizes responsible innovation, backing projects that balance ambition with empathy and favor user-centric systems over extractive models.
Source: firm website, verified Aug 7, 2026.
Team · 13 people
from the firm's website
What they invest in
from 6 of 18 portfolio companiesCrypto & Web3 ×6Data & Infrastructure ×2Developer Tools ×2Enterprise Software ×2Fintech ×2GovTech ×2Cybersecurity ×1Digital Health ×1
HQs:United States×6
Investments · 18 tracked
founders shown can be your intro pathBrooklyn, US
Kieren James-Lubin(Executive Officer, Director)Victor Wong(Director)Joseph Lubin(Director)
Board seatJoseph Lubin· per SEC Form D · $30M raise · filed Aug 2023
New York, US
Michael Novogratz(Director)Michael Kriak(Director)Christopher McKibbin(Director)Daniel Heyman(Executive Officer, Director)Scott Lawin(Executive Officer, Director)Steven Wald(Director)
Board seatMichael Kriak· per SEC Form D · $68.2M raise · filed Jan 2023
New York, US
Board seatMichael Kriak· per SEC Form D · $16M raise · filed Apr 2022
Brooklyn, US
Robert Boroujerdi(Director)Joseph Lubin(Executive Officer, Director)Umar Farooq(Director)Michael Kriak(Director)
Board seatMichael Kriak· per SEC Form D · $200M raise · filed Nov 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)Michael Kriak(Director)Matt Huang(Director)
Board seatMichael Kriak· per SEC Form D · $11.3M raise · filed Apr 2021
Ethereal Ventures is a venture capital firm that invests in companies building on permissionless blockchain networks and digital assets.
Crypto & Web3
Joseph Lubin(Chairman)Min Teo(Managing Partner & Co-CIO)
Private and secure transactions
SpruceID provides digital identity systems for governments and regulated industries, enabling secure verification and authentication across legacy and modern infrastructure.
Crypto & Web3CybersecurityData & InfrastructureDigital HealthEnterprise SoftwareGovTechNew York City, US
Wayne Chang(Founder)inGregory Rocco(Founder)in
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Ethereal Ventures Management Ltd. invest at?
- Ethereal Ventures Management Ltd. invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
- What sectors does Ethereal Ventures Management Ltd. focus on?
- Ethereal Ventures Management Ltd. focuses on Crypto & Web3.
- Where is Ethereal Ventures Management Ltd. located?
- Ethereal Ventures Management Ltd. is headquartered in Road Town, Tortola.
Images
Co-investors · 39
Electric Capital is an early-stage venture firm founded in 2018 that backs founders building trust-minimized technologies across AI, crypto, fintech, and related sectors.
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.
Andreessen Horowitz's Strategic Partnerships page describes collaborations that connect its portfolio companies with established institutions to help scale and deploy their technology.
Slow Ventures is an early-stage investment firm backing curious founders at the intersection of technology and the edges of science, society, and culture, providing resources, connections, and support to build durable companies.
Digital Currency Group (DCG) is a long-standing investor and operator focused exclusively on the cryptocurrency and blockchain industry, holding equity, fund, and token positions across the sector.
Samsung Next is the venture investing arm that backs early-stage founders building bold, ambitious technology companies.
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.
Brighter Capital is a family angel fund founded by a former Facebook engineer that invests in early-stage startups, making 10-20 direct investments per year.
Battery Ventures is a global investment firm that has backed more than 450 companies over its 40-year history, with a team operating as a single global unit and offering focused support services in talent, business development, marketing/communications, and growth/leadership.
Todd and Rahul's Angel Fund is an early-stage investment vehicle run by founders Todd Goldberg and Rahul Vohra, who write $300k-$500k checks into early-stage startups and help with product/market fit, go-to-market, and future fundraising.
BITKRAFT Ventures is a global investment platform focused on gaming, interactive media, and related technologies, investing at the intersection of physical and digital worlds it calls 'Synthetic Reality.'
▶27 more co-investors
Winklevoss CapitalAwesome People Ventures7percent VenturesKearny JacksonDragonflyGalaxy Digital Assets FundPolygonCrunchFundIVCMulticoin CapitalSeed Club VenturescLabsSolana VenturesLCXArchetypeNational Science FoundationCherubic VenturesSID Venture PartnersParaFi CapitalHashedFinTech CollectiveGemini Israel VenturesGnosis DAOFMFWKatapult AfricaDekrypt CapitalAppWorks Ventures
Firms observed investing alongside Ethereal Ventures Management Ltd., from public investor directories. Shared companies are the overlap with Ethereal Ventures Management Ltd.'s recorded portfolio.
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