Metastable
Crossover fundNew York City · Seed–Growth · 16 people tracked
Investment thesis
Metastable is a long-running crypto investment fund, co-founded in 2014 by Naval Ravikant, that was an early investor in numerous blockchain protocols including Ethereum, Avalanche, Cosmos, Starkware, NEAR, Zcash, Filecoin, Dfinity, and Algorand. It has since been acquired by Dragonfly, which now operates Dragonfly Ventures, Dragonfly Liquid, and Metastable.
Source: firm website, verified Aug 7, 2026.
Team · 16 people
from the firm's website
What they invest in
from 22 of 121 portfolio companiesCrypto & Web3 ×21Data & Infrastructure ×8Fintech ×8Developer Tools ×3Enterprise Software ×3AI & Machine Learning ×2Cloud Computing ×2Cybersecurity ×2
HQs:United States×10Israel×1
Investments · 121 tracked
founders shown can be your intro pathBy year:2023 · 12021 · 12020 · 12017 · 14 dated
Ancient8 is a gaming-focused Ethereum Layer 2 blockchain designed for Web3 gaming, hosting fully on-chain games, games on X and Telegram, IP-infused games, and AI-powered games.
Crypto & Web3Gaming
Animoca Brands invests in blockchain and digital asset projects across gaming, infrastructure, culture, and real-world asset categories, with a portfolio of 600+ companies and a focus on Web3 ecosystem development.
B2B MarketplacesCrypto & Web3GamingSector Agnostic
Yat Siu(Founder & CEO)
Artemis Analytics provides fundamental data and metrics for digital finance companies and crypto protocols, delivering analytics to spreadsheets and via SQL/Python through Snowflake Data Share or Hex.
Crypto & Web3Data & InfrastructureFintech
bloXroute provides a blockchain distribution network offering real-time data streams, transaction propagation, and validator solutions to enable faster trading and MEV optimization across multiple blockchains.
Crypto & Web3Data & InfrastructureEvanston, US
Uri Klarman(Executive Officer, Director)Aleksandar Kuzmanovic(Executive Officer, Director)Jeffrey Bussgang(Director)
Coin Metrics provides market and on-chain data, reference rates, and indexes for digital assets via APIs, serving institutional investment teams.
Crypto & Web3Data & InfrastructureFintechBoston, US
Mathew S. McDermott(Director)Sean Judge(Director)Matt Scott Walsh(Director)Timothy Rice(Executive Officer, Director)Nic Carter(Executive Officer, Director)Bob Davis(Director)
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)
Private and secure transactions
Gauntlet is a team focused on financial systems research and analysis, with expertise in quantitative analysis, smart contracts, and blockchain infrastructure.
Crypto & Web3Data & InfrastructureFintechDallas, US
Rei Chiang(Executive Officer)Tarun Chitra(Executive Officer, Director)
Portfolio news
latest coverage across their companiesMonad · crypto-economy.com · Jul 17, 2026
dYdX · bcointalk.com · Jul 17, 2026
ATOM · investing.com · Jul 17, 2026
Gauntlet · fintech.global · Jul 14, 2026
Quantstamp · cryptopolitan.com · Jul 3, 2026
Animoca Brands · cryptobriefing.com · Jun 25, 2026
PleasrDAO · nasdaqprivatemarket.com · Apr 3, 2026
Frequently asked questions
- What stage does Metastable invest at?
- Metastable invests at the Seed, Series A, Series B, Growth stages.
- What is Metastable's typical check size?
- Metastable typically writes checks of $3M – $30M.
- What sectors does Metastable focus on?
- Metastable focuses on Crypto & Web3.
- Where is Metastable located?
- Metastable is headquartered in New York City, US.
Images
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