Ethereal Ventures Management Ltd. β Full Portfolio
25 tracked investments Β· listed companies and verified rows first
Malibu, US
Ronald Levy(Executive Officer, Director)Deborah Thomas(Executive Officer, Director)James Gilbert(President)Michael Poutre(Chief Executive Officer)
BoardHolly Ruxin(Director)Rafael Furst(Director)
Co-investorsAmber GroupArkStream CapitalCatcherVCMH Ventures
BlockApps offers an enterprise blockchain platform (STRATO) for tokenizing and managing real world assets such as crypto, precious metals, and tokenized securities.
Crypto & Web3Enterprise SoftwareFintechBrooklyn, US
Kieren James-Lubin(Executive Officer, Director)Victor Wong(Director)
Board seatJoseph LubinΒ· per SEC Form D Β· $30M raise Β· filed Aug 2023
Co-investorsAAF Management Ltd.Bloccelerate VCConsenSys MeshFitz Gate VenturesJetBlue VenturesSKY VC+3 more
New York, US
Scott Lawin(Executive Officer, Director)inMichael Novogratz(Director)Christopher McKibbin(Director)Daniel Heyman(Executive Officer, Director)Steven Wald(Director)
Board seatMichael KriakΒ· per SEC Form D Β· $68.2M raise Β· filed Jan 2023
Co-investorsChaos VenturesConsenSys MeshNew Enterprise Associates (NEA)Sprint Vc
New York, US
Board seatMichael KriakΒ· per SEC Form D Β· $16M raise Β· filed Apr 2022
Brooklyn, US
Robert Boroujerdi(Director)Umar Farooq(Director)
BoardJoseph Lubin(Executive Officer, Director)in
Board seatMichael KriakΒ· per SEC Form D Β· $200M raise Β· filed Nov 2021
Co-investorsConsenSys Mesh
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)
BoardMatt Huang(Director)in
Board seatMichael KriakΒ· per SEC Form D Β· $11.3M raise Β· filed Apr 2021
Co-investorsBootNodeConsenSys MeshDivergenceFenbushi CapitalIDEO CoLab VenturesIOSG Ventures+4 more
1Money builds a decentralized payment network for stablecoin and tokenized deposit transfers, designed for global financial settlements.
Crypto & Web3Fintech
Matt Shroder(Founder)Brian Shroder(Founder)in
Co-investorsA100X VenturesCMT Digital VenturesF-Prime CapitalGenerative VenturesHack VCProtagonist+2 more
Aleo is a Layer-1 blockchain platform powered by zero-knowledge cryptography that enables private, programmable, and scalable applications.
Crypto & Web3Developer ToolsEnterprise SoftwareFintechReno, US
Howard Wu(Founder)inMichael Beller(Executive Officer)
Co-investorsCoinbase VenturesA.Capital Venturesa16z cryptoAmbush CapitalDigital Currency GroupHaun Ventures+8 more
Aztec is a Layer 2 blockchain network on Ethereum that enables programmable privacy for decentralized applications through client-side zero-knowledge proofs and a dual state architecture.
Crypto & Web3CybersecurityDeveloper ToolsLondon, GB
ZacThomas Pocock(Founding CEO)inZachary Williamson(Founding CTO & Current CEO)inArnaud Schenk(Cofounder)inJoe Andrews(Cofounder & Head of Product)in
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzCoinbase VenturesConsenSys MeshEntrepreneur First+8 more
Coinshift offers institutional credit yield products that are liquid and composable onchain.
Crypto & Web3Fintech
Tarun Gupta(Founder)in
Co-investorsEarl Grey CapitalGraph Paper CapitalLongHash VenturesiSeedPolygon StudiosQuiet Capital+3 more
Connext provides xCall, a developer tool that enables applications to interact with users, tokens, and other applications across multiple blockchains.
Crypto & Web3Developer ToolsSan Francisco, US
Arjun Bhuptani(Executive Officer, Director)Layne Haber(Executive Officer, Director)inRahul Sethuram(Executive Officer)
Co-investorsA.Capital VenturesAmentum Investment ManagementCVP NoLimitD1 VenturesFenbushi CapitalFigment+13 more
EigenCloud is a developer platform that adds cryptographic verifiability to data, computation, and AI inference, backed by slashable stake on EigenLayer.
AI & Machine LearningCrypto & Web3Developer Tools
Co-investorsElectric CapitalL2 Iterative Ventures (L2IV)LemniscapRR2 Capitala16z cryptoAndreessen Horowitz
Entropy provides an AI-powered operating system for specialty healthcare practices that automates patient intake, eligibility verification, prior authorization, and revenue cycle management.
AI & Machine LearningHealthtechSaaSSan Francisco, US
Rabii Malik(Founder)in
Co-investorsY Combinatora16z cryptoAndreessen HorowitzCoinbase VenturesRobot Ventures
Entropy was an a16z-backed decentralized crypto custody and threshold-signing network that wound down in January 2026.
Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesFigmentRobot VenturesVariant Fund
Ethereal Ventures is a venture capital firm that invests in companies building on permissionless blockchain networks and digital assets.
Crypto & Web3
Joseph Lubin(Chairman)inMin Teo(Managing Partner & Co-CIO)in
Co-investorsAmbush CapitalConsenSys MeshFurther Ventures
Flashbots is a research and development organization that mitigates negative externalities from Maximal Extractable Value (MEV) on blockchains, primarily Ethereum, through infrastructure and tools for block building, transaction protection, and MEV distribution.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsBig Brain HoldingsBlueYard CapitalDragonflyFabric VenturesFactionFenbushi Capital+12 more
group.one provides an integrated platform of website building, hosting, domain, e-commerce, and marketing SaaS tools, including AI-powered website and content creation, aimed at small and medium-sized businesses, freelancers, agencies, and resellers.
Cloud ComputingMarketing TechSaaSCopenhagen, DK
Co-investorsRPS VenturesG1 VenturesGSRSeier CapitalVeris Ventures
Sentient Foundation is a collective of researchers and engineers developing open-source artificial intelligence and AGI, releasing frameworks such as ROMA (multi-agent reasoning and coordination), OML (open, monetizable model distribution), and ODS (search-augmented reasoning).
AI & Machine LearningDeep TechDeveloper Tools
Co-investorsArrington CapitalGSRHack VCHypersphere VenturesMH VenturesPantera Capital+9 more
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
Co-investorsA.Capital Venturesa16z cryptoAndreessen HorowitzBrighter CapitalCoinbase VenturesElectric Capital+3 more
Rows marked βSEC filingβ are inferred from directors named on the company's SEC Form D β public regulatory data, not a portfolio list published by the firm.







