Fundraising FoxMerkle Tree Capital
Venture capitalRoad Town
Find your way into Merkle Tree Capital
Sign up to find every way you can get introduced to Merkle Tree Capital
- Your email: who you already know at Merkle Tree Capital, and who your contacts know
- 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the Merkle Tree Capital team
- Your LinkedIn: the connections who can make the intro for you
We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
Investment thesis
Merkle Tree Capital views information technology as evolving through multi-decade cycles of emergence, expansion, consolidation, and decentralization. The firm believes the new asset class enabled by blockchain technology represents an investment opportunity poised to commoditize incumbent business models and drive a new wave of innovation.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 12 of 16 portfolio companiesCrypto & Web3 ×11Data & Infrastructure ×4Fintech ×3AI & Machine Learning ×1Cleantech ×1Cybersecurity ×1Energy ×1Social ×1
HQs:United States×2
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founder×53 founders×14+ founders×2
Investments · 16 tracked
founders shown can be your intro path
Aave Labs is the original author and contributor to Aave, a decentralized finance (DeFi) protocol for lending and borrowing crypto assets.
Crypto & Web3Fintech
Stani Kulechov(Founder & CEO)in
Co-investorsAegis VentuesArkStream CapitalBig Candle CapitalBlockchain CapitalBlockchain CoinvestorsCoinIx Capital+15 more
Hive indexes and ranks Twitter accounts by community, identifying notable figures within communities based on follower networks and social graph analysis.
Data & InfrastructureSocial
Co-investorsMoonlanding VenturesTq Ventures Llc
Decred is a cryptocurrency protocol that uses a hybrid proof-of-work and proof-of-stake consensus system, emphasizing holder participation through direct voting rights and treasury-funded development.
Crypto & Web3
tacotime
Co-investorsBlueYard CapitalLvna CapitalPlaceholder VC
Energy Web builds blockchain-based infrastructure and a marketplace (Energy Web X) offering compute pools such as SmartFlow, Carbon-Aware, and GP4BTC for energy and sustainability applications.
CleantechCrypto & Web3Energy
Ed Hesse(Founder)
Co-investors1k(x)1kxAdvanced BlockchainBlackhorn VenturesFuture Energy VenturesMoonlanding Ventures+4 more
A customer-owned banking platform that invests 50% of profits toward environmental protection and social justice initiatives.
Co-investorsAusum VenturesBuckhill CapitalMorgan Creek Capital
Kusama is a blockchain network serving as an experimental platform for zero-knowledge technology and decentralized applications.
Crypto & Web3
Co-investorsBig Candle CapitalHyperchain CapitalKR1LucidBlue VenturesNarcissus VenturesPantera Capital+1 more
Ocean Protocol is a decentralized data and AI project built around the $OCEAN token, which ecosystem teams can integrate into products for uses such as staking, governance, payments, NFTs, and DeFi.
AI & Machine LearningCrypto & Web3Data & InfrastructureSingapore
Franz MJ Pfister(Director)Trent McConaghy(Director)inBruce Pon(Chief Executive Officer and Director)inDaryl Arnold(Director)
Co-investorsBlockchain CoinvestorsBlockwallBR CapitalCogitent VenturesElliptiEnigma Fund+10 more
Orchid builds decentralized Web 3.0 technology to enable digital privacy and peer-to-peer marketplaces on Ethereum.
Crypto & Web3CybersecurityData & InfrastructureSector AgnosticSan Francisco, US
Brian J. Fox(Director)Gustav Simonsson(Director)Stephen Francis Bell(Executive Officer, Director)Steven Richard Waterhouse(Executive Officer, Director)inJay Freeman(Director)
Co-investorsAndreessen HorowitzBorderless VentureStruck CapitalTransmedia CapitalTuesday CapitalYes VC+3 more
Pocket Network provides decentralized infrastructure for Web3 applications, enabling developers to access blockchain data without relying on centralized providers.
Crypto & Web3Data & InfrastructureTampa, US
Pabel Nunez(Treasurer)Michael O'Rourke(President)inLuis Correa(Vice President)
Co-investorsArrington CapitalBlockwallCogitent VenturesDAO JonesDeepTech VenturesFlorida Funders+15 more
Polkadot is an open-source proof-of-stake protocol that links independent blockchains for shared security and cross-chain messaging.
Gavin Wood(Founder)
Co-investors1confirmationAdvanced BlockchainAngelONE CapitalArrington CapitalBig Candle CapitalBlock Infinity+29 more
Synthetix is a decentralized perpetual futures protocol built on Ethereum that combines off-chain order matching with on-chain settlement to provide low-latency trading of cryptocurrency derivatives.
Crypto & Web3Fintech
Co-investorsAlliance DAO (ex DeFi Alliance)Coinbase VenturesDe Fi Alliance HoldingsElliptiFenbushi CapitalGenblock Capital+9 more
Terraform Labs operated in the cryptocurrency and blockchain space.
Crypto & Web3
Co-investorsDunamu & PartnersHyperchain Capital8VCBelief CapitalCMCC GlobalHashed+3 more
THORChain is a decentralized, permissionless layer 1 protocol and cross-chain DEX that lets users swap native cryptocurrencies across blockchains (including Bitcoin, Ethereum, Solana, and XRP) directly from self-custody wallets without centralized exchanges or wrapped tokens.
Crypto & Web3
Co-investorsAGE CryptoBlack DragonBlockchain CoinvestorsCryptonite CapitalMapleblock CapitalMulticoin Capital
Yearn is a decentralized finance protocol offering automated yield-generating vaults that allocate deposited crypto assets across DeFi opportunities to produce risk-adjusted returns.
Crypto & Web3Fintech
Andre Cronje(Founder)in
Co-investorsContinue CapitalDeepTech Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
EdgewaSushi
Frequently asked questions
- How many investments has Merkle Tree Capital made?
- Merkle Tree Capital has 16 tracked investments.
- What sectors does Merkle Tree Capital focus on?
- Merkle Tree Capital focuses on Crypto & Web3.
- Where is Merkle Tree Capital located?
- Merkle Tree Capital is headquartered in Road Town, VG.
- Who does Merkle Tree Capital co-invest with?
- Merkle Tree Capital most often shares deals with Hyperchain Capital, Blockchain Coinvestors, DeepTech Ventures, among 92 tracked co-investors.
Similar investors
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
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.
Atomico is an international venture capital firm that invests in growth-stage technology companies across multiple geographies. The firm focuses on scaling disruptive technology businesses globally.
August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.
.jpeg){kind=logo}
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.