/Investor DB

Formless Capital

Venture capital

San Francisco · Pre-Seed–Series A · 1 people tracked

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Investment thesis

Formless Capital describes itself as a provider of innovative capital with hands-on support and a global focus.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
San Francisco, CA, US
Tracked investments
10

Team · 1 people

from public directories

What they invest in

from 5 of 10 portfolio companies

Crypto & Web3 ×3AI & Machine Learning ×2Gaming ×2Biotech ×1Consumer ×1Creator Economy ×1Direct to Consumer ×1Fintech ×1

HQs:United States×3

Investments · 10 tracked

founders shown can be your intro path

By year:2024 · 32022 · 32021 · 39 dated

Concept Art Houseconceptarthouse.comin𝕏Series A · Oct 2021 · $25M

Concept Art House is an art outsourcing studio for game developers, producing character designs, 2D and 3D assets, animation, and VFX for AAA, mobile, and trading card games.

Creator EconomyCrypto & Web3GamingMedia & EntertainmentSan Francisco, US

James(Founder / CEO)Jenny Chen(President & Founder)

BoardMatthew Le Merle(Chairman)

Co-investorsAnimoca BrandsDapper LabsAppWorks VenturesPolymorphic CapitalRed Beard VenturesAppWorks+11 more

Fonbnkfonbnk.comin𝕏Mar 2022

Fonbnk converts prepaid mobile payments into stablecoins, enabling frictionless foreign exchange and cross-border treasury flows for businesses in cash-based and mobile-first economies.

Crypto & Web3FintechWashington, US

Co-investorsAdaverseAllied Venture PartnersFirst Check VenturesFrontier Venture CapitalGaingelsIndustrious Ventures+10 more

Matchboxdaomatchboxdao.comAug 2022

MatchboxDAO is a blockchain gaming DAO building and incubating on-chain games and developer tooling on StarkNet.

Co-investorsBitkraft Esports VenturesLemniscap1kxBig Brain HoldingsC Squared VenturesChapter One+7 more

Mokumoku.gg𝕏Sep 2024 · $5M

Moku creates Moki, a collection of 8887 hand-assembled NFT characters built from 900+ traits, and develops games around them including an AI Fantasy Arena, a snack-combining puzzler, and an async autobattler.

AI & Machine LearningCrypto & Web3Gaming

Bruce Wasicsko(Founder)in

Co-investorsArca FundsBankless VenturesACORN BIOVENTURESBig Brain HoldingsBlocktower CapitalContango Digital Assets+4 more

Outdefineoutdefine.com

Outdefine provides a governed decisioning and execution layer for clinical trial teams, using trial-trained AI inference and workflow agents to support site feasibility ranking, study risk monitoring, and real-world evidence analysis.

AI & Machine LearningBiotechHealthtech

Co-investorsVery Serious VenturesBig Brain HoldingsJump Crypto

Rivalzrivalzsnacks.comAug 2024 · $9M

Rivalz makes better-for-you snacks aimed at consumers seeking healthier, nutritious alternatives to conventional high-salt, high-fat, high-carb snack foods.

ConsumerDirect to ConsumerFoodTech

Co-investorsCapitalize VCThe March GroupAutonomy CapitalBlockBuildersCaballeros CapitalCogitent Ventures+7 more

Splinterlandssplinterlands.comMay 2021 · $4M

Decentralized blockchain-based gaming application using non-fungible tokens

Matthew Rosen(Founder)in

Co-investorsAGE CryptoAppWorks VenturesChainfir CapitalG1 VenturesIlluminati CapitalTechMeetsTrader+7 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ARC the CommunityStratos TechnologiesWhydah

Frequently asked questions

How many investments has Formless Capital made?
Formless Capital has 10 tracked investments.
What stage does Formless Capital invest at?
Formless Capital invests at the Pre-Seed, Seed, Series A stages.
What sectors does Formless Capital focus on?
Formless Capital focuses on Crypto & Web3.
Where is Formless Capital located?
Formless Capital is headquartered in San Francisco, US.

Images

Formless Capital photo

Co-investors · 6

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 · 1
Blockchain Founders Fund

Blockchain Founders Fund is an early-stage venture capital firm that invests in Web3 companies with a global focus.

Both backed · 1
Blockchain Coinvestors AngelList Syndicate

Blockchain Coinvestors, based in Palo Alto, California, is a fund of funds that gives investors diversified exposure to early-stage blockchain venture investing. Since 2014 it has partnered with more than 50 blockchain-focused venture funds across the Americas, Asia, and Europe, building indirect and direct exposure to over 1,500 blockchain companies and projects, including many that reached unicorn status.

Both backed · 1
Hack VC

Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.

$3M
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.

$3M – $30M
IVC

IVC is a venture capital firm that has made over 200 investments across Web3, gaming, digital entertainment, AI, infrastructure, and fintech.

Firms observed investing alongside Formless Capital, from public investor directories. Shared companies are the overlap with Formless Capital's recorded portfolio.

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