Fundraising Fox

Moonhill Capital

Venture capital

Pre-Seed–Series A

Fox Verdict
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Investment thesis

Moonhill Capital concentrates on identifying high-potential early-stage Web3 investments before they gain traction, leveraging a multi-year track record, an extensive industry network, and precise execution to access top-tier opportunities. The firm combines early-stage bets with liquid capital, which it uses to capture secondary market opportunities, generate returns during sideways markets through strategic partnerships, and hedge its early-stage positions. This approach aims to balance capital preservation with growth. Beyond capital, Moonhill offers portfolio support including decentralized validator infrastructure, market maker access, liquidity provision, talent acquisition, legal guidance, token launch assistance, tokenomics consulting, and campaign execution.

Source: firm website, verified Aug 11, 2026.

Stage
Pre-Seed–Series A
Instruments
Equity
Founded
2021
Tracked investments
63

What they invest in

from 45 of 63 portfolio companies

Crypto & Web3 ×39Fintech ×21Data & Infrastructure ×15AI & Machine Learning ×13Developer Tools ×7Cloud Computing ×4Enterprise Software ×4Deep Tech ×2

HQs:United States×8United Kingdom×2Estonia×1Poland×1Singapore×1Taiwan×1

Who they back

founder profiles across 12 portfolio companies
42%
solo founders
5 of 12 mapped founding teams

Founding team size:solo founder×52 founders×53 founders×2

Investments · 63 tracked

founders shown can be your intro path
Accountableaccountable.capital

Wojtek Pawlowski‏(Founder)in

Co-investorsMITONMitonCPantera CapitalCMCC Global

Aethir Computeaethir.comin𝕏

Aethir operates a distributed cloud compute platform providing enterprise-grade GPU resources for AI model training, fine-tuning, inference, and low-latency cloud gaming.

AI & Machine LearningCloud ComputingCrypto & Web3

Co-investorsAndromeda CapitalAnimoca BrandsBig Brain HoldingsBuilder CapitalCVP NoLimitImpossible Finance+8 more

AI Ritual Agentic infrastructureritual.net𝕏

Ritual is a research lab building a blockchain infrastructure for autonomous AI agents, providing native primitives for agent identity, privacy, settlement, scheduling, and coordination.

AI & Machine LearningCrypto & Web3Deep Tech

Co-investorsArchetypeBig Brain HoldingsBollinger Investment GroupEdessa CapitalHypersphere VenturesLvna Capital+1 more

AltLayeraltlayer.io𝕏

AltLayer provides infrastructure and autonomous agents for building intelligent applications on decentralized blockchain networks, including services for AI model access, DeFi integration, and rollup deployment.

AI & Machine LearningCrypto & Web3Developer Tools

BoardBalaji Srinivasan

Co-investorsBankless VenturesBollinger Investment GroupBreyer CapitalHack VCIOSG VenturesTRGC+3 more

Angelssquadangelssquad.com
Arcticarctic.digitalin

Arctic Digital is a software development agency that builds web and mobile applications using frameworks like React, Next.js, and React Native, and also offers AI solutions and Web3/blockchain integrations.

AI & Machine LearningDeveloper ToolsSaaS

Adam Goth(Founder)

Ascent fundstheascent-group.comin

The Ascent Group is a global fund operating partner and subsidiary of KFin Technologies Limited, providing fund administration services including fund accounting, NAV, investor services, compliance, financial reporting, and US tax services across multiple jurisdictions.

Enterprise SoftwareFintechSaaSSingapore, SG

Assisterrassisterr.aiin𝕏

Assisterr AI Lab builds and deploys task-specific Small Language Models (SLMs) and AI agents that automate domain-specific business workflows and integrate into existing infrastructure.

AI & Machine LearningCrypto & Web3Enterprise Software

Co-investorsDecasonicKoyamaki VenturesWeb3com Ventures

Avalancheavax.networkin𝕏

The Avalanche Foundation is a non-profit organization that supports innovation and growth in the Avalanche ecosystem through grants, programs, and strategic support for developers, entrepreneurs, and communities building on the Avalanche blockchain platform.

Crypto & Web3Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintech

Emin Gun Sirer(Founder)in

Co-investorsa16z cryptoAegis VentuesAndreessen HorowitzAndromeda CapitalBaseTwoBig Brain Holdings+25 more

Axieaxieinfinity.com

Axie Infinity is a blockchain-based, NFT creature-battling game developed by Vietnam-based game studio Sky Mavis.

Trung Nguyen(Founder)in

Co-investorsAU21 CapitalDeepTech VenturesDeFiance CapitalPantera CapitalRaptor GroupSamsung Next+3 more

Berkowerberkower.ioin𝕏

Berkower LLC provides audit, tax preparation, and start-up consulting services to private investment companies, offshore funds, commodity pools, fund of funds, and private equity funds.

Enterprise SoftwareFintech

Bitcoachbitcoach.org
Bybitbybit.com

Ben Zhou(Founder)in

Co-investorsDragonflyFenbushi CapitalHack VCMetastableStreamlined Ventures

Cambridgecambridgeblockchain.orgin𝕏

Cambridge Blockchain is a student-run society at the University of Cambridge that organizes education, research, and development activities in the blockchain space.

Crypto & Web3Cambridge, GB

Co-investorsDigital Currency Group

Chainlinkchain.linkin𝕏

Chainlink is an oracle platform that connects blockchains with external data, existing systems, and other chains, providing data feeds, cross-chain interoperability, settlement, compliance, and privacy infrastructure.

Crypto & Web3Data & InfrastructureFintech

Co-investorsAZDAGBig Candle CapitalBitDAOBlack DragonCogitent VenturesDCVC (Data Collective)+8 more

Consensysconsensys.ioin𝕏

Consensys builds a vertically integrated platform for decentralized finance, offering consumer wallet applications, developer infrastructure, blockchain APIs, and protocol-level software that manage the full onchain transaction lifecycle.

Crypto & Web3Data & InfrastructureDeveloper ToolsFintechFort Worth, US

Joseph Lubin(Founder & CEO)in

Co-investorsArcane GroupArgonautic VenturesBR CapitalCoinbase VenturesDragonflyDVC+17 more

Cryptocrypto.comin𝕏

Crypto.com operates a regulated all-in-one financial app where users can buy, trade, earn, and spend cryptocurrencies, stocks and ETFs, and prediction market contracts, plus a self-custody onchain wallet with DeFi access.

Crypto & Web3Fintech

deBridgedebridge.financein𝕏

deBridge is a cross-chain bridge and interoperability protocol for transferring assets and data between blockchains such as Ethereum, Solana, and BNB Chain.

Crypto & Web3Data & Infrastructure

Co-investorsAlliance DAO (ex DeFi Alliance)Arrington CapitalIOSG VenturesLemniscapMapleblock CapitalNxGen+5 more

Deltaprimedeltaprime.io

Warsaw, PL

Kamil Muca(Founder)

DOTpolkadot.network

Polkadot is an open-source proof-of-stake protocol that links independent blockchains for shared security and cross-chain messaging.

Co-investors1confirmationAdvanced BlockchainAngelONE CapitalArrington CapitalBig Candle CapitalBollinger Investment Group+22 more

DSCVRdscvr.one

Los Angeles, US

Rick Porter(Founder)

Co-investorsUpfront Ventures

EigenLayereigenlayer.xyz𝕏

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)

Co-investorsa16z cryptoAndreessen HorowitzBitDAOBixin CapitalBixin VenturesBloccelerate VC+19 more

Exabits Tokenising GPU Powerexabits.ai

Exabits provides AI compute infrastructure by refining GPU assets (such as GB200s, H100s, H200s, and RTX5090s) from leading manufacturers to support AI workloads.

AI & Machine LearningCloud ComputingData & Infrastructure

Co-investorsBig Brain HoldingsBloccelerate VCEdessa CapitalFOMO VenturesGenerative VenturesLBANK Labs+4 more

Fireblocksfireblocks.comin𝕏

Fireblocks provides infrastructure and platform services for managing digital assets and transactions, serving enterprises and startups that build and operate blockchain-based financial solutions.

Crypto & Web3Data & InfrastructureFintech

Michael Shaulov(Chief Executive Officer, Co-Founder)Pavel Berengoltz(Chief Technology Officer, Co-Founder)Idan Ofrat(Chief Product Officer, Co-Founder)

Co-investorsCanapi VenturesCapitalGCoatue ManagementDigital Currency GroupGeneral AtlanticHaun Ventures+11 more

Fuel Labsfuel.network𝕏

Fuel is a high-throughput Ethereum execution layer that uses a UTXO-based asset model, native account abstraction, and parallel transaction processing, with 1-second block times and Ethereum 4844 data availability.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsBaseTwoBlockwallFenbushi CapitalMaven 11TRGC

GameSwiftgameswift.io𝕏

GameSwift operates a Layer2 modular blockchain built on Optimism's OP Stack within the Superchain ecosystem, optimized for gaming and powered by the $GSWIFT gas token.

Cloud ComputingCrypto & Web3GamingTallinn, EE

Wojciech Gruszka (Pan Paragraf)(Founder)Wojtek Pan Paragraf(Founder)

Co-investorsBlack DragonThe Hypera Group

Gevulotgevulot.com𝕏

Gevulot builds Zenith, an Ethereum-compatible execution environment (EVM) that extends the Canton Network for high-frequency institutional finance, offering EVM and SVM deployment and custom blockchain environments with atomic settlement.

Crypto & Web3Data & InfrastructureFintech

Co-investorsRockawayXVOLT CAPITAL

Hydro Protocolhydroprotocol.finance

Co-investorsArkGrow

IO.Net Accessible, cheap compute AIio.net

Co-investors6th Man VenturesBlock ConsultContinue CapitalFOMO VenturesLongHash VenturesMH Ventures+7 more

KuCoinkucoin.comin𝕏

KuCoin is a cryptocurrency exchange where users can trade digital assets.

Crypto & Web3Fintech

Co-investorsTokoin

Lbank Labslbanklabs.com

LBank Labs is an investment and incubation program that provides funding, mentorship, and network access to early-stage blockchain projects.

Crypto & Web3

Ledgerledger.comin𝕏

Ledger provides hardware and software cryptocurrency wallet solutions that enable users to buy, swap, earn, and manage digital assets with security features and portfolio tracking capabilities across multiple blockchain networks.

Crypto & Web3FintechHardware

Charles Guillemet(CEO)in

Co-investorsActivant CapitalAglae VenturesCathay InnovationClub Italia Investimenti 2Digital Currency GroupDraper Associates+9 more

MEXCmexc.com

MEXC is a cryptocurrency exchange where users trade a range of tokens and futures, with features such as low fees and liquidity.

Crypto & Web3Fintech

Co-investorsTsingTech Ventures

Mhclabsmhclabs.com
Mind Networkmindnetwork.xyzin𝕏

Mind Network builds privacy infrastructure using Fully Homomorphic Encryption (FHE) and Zero Knowledge Proofs (ZKPs) to enable computation on encrypted data and verification without disclosure.

Crypto & Web3CybersecurityDeep Tech

Co-investorsPragma VenturesTPC Club (The presale club)TPC VenturesSevenX Ventures

Mode Networkmode.network𝕏

Mode is a Layer 2 blockchain built with Optimism that hosts DeFi applications and provides infrastructure for verifiable AI trading agents.

AI & Machine LearningCrypto & Web3Fintech

Co-investorsTRGCOptimism Foundation

My Pet Hooliganmypethooligangame.com

AMGI's web3 gaming project; a fund holding.

Co-investorsArca FundsBlack DragonBreederDAOCogitent VenturesIlluminati CapitalWWVentures+2 more

Nillion Networknillion.com𝕏

Nillion is a decentralized secure computing network that uses privacy-enhancing technologies to store and process sensitive data by distributing trust across nodes.

AI & Machine LearningCrypto & Web3Data & Infrastructure

Andrew Yeoh(Founder)in

Co-investorsARKN venturesBig Brain HoldingsChapter OneFlowdeskFOMO VenturesInception Capital (ex OP Crypto)+14 more

Ojoojo.network𝕏

Ojo Network is a risk management network for decentralized finance (DeFi), using risk engines that monitor protocol health and dynamically adjust collateral values in real time to help prevent liquidation cascades and bad debt.

Crypto & Web3Data & InfrastructureFintech

Olympusolympusdao.finance𝕏

Olympus is a decentralized finance protocol on Ethereum that supports OHM, a treasury-backed, free-floating token managed by on-chain monetary policy mechanisms such as Protocol Owned Liquidity, an Emissions Manager, and Cooler Loans.

Crypto & Web3Fintech

Co-investorsDeepTech VenturesGuanxiDAOMaven 11

One piece labsonepiecelabs.xyzin𝕏

OnePiece Labs is a web3 accelerator and venture program that supports early-stage founders building crypto, AI, and Web3 infrastructure and applications, running themed cohorts with partners such as Solana, 0G, and Camp Network.

AI & Machine LearningCrypto & Web3

Outlier venturesoutlierventures.ioin𝕏

Outlier Ventures is an investment firm focused on crypto and Web3 startups, providing research, investment theses, and capital.

Crypto & Web3

Oxfordoxfordblockchain.xyz
Pocket Networkpokt.network𝕏

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)Luis Correa(Vice President)

Co-investorsArrington CapitalBlockwallCogitent VenturesDeepTech VenturesFlorida FundersMapleblock Capital+8 more

Polychainpolychain.capital

Polychain is an investment firm that manages actively managed portfolios of blockchain-based digital assets, focusing on returns from the cryptocurrency sector.

Crypto & Web3

Olaf Carlson-Wee(Founder & CEO)in

Co-investorsA.Capital VenturesAbstract VenturesAndreessen HorowitzBollinger Investment GroupMirana VenturesThree Point+7 more

Puffer Financepuffer.fi𝕏

Puffer Finance is an Ethereum-native liquid restaking protocol where users stake ETH to receive pufETH and earn staking plus EigenLayer restaking rewards.

Crypto & Web3Fintech

Jason Vranek(Co-Founder & CTO, Puffer Labs)Amir Forouzani(Founder)in

Co-investorsElectric CapitalBinance LabsBreedCoinbase VenturesFactionLBANK Labs+11 more

RockawayX portfolio company: Community Gamingcommunitygaming.ioDefunct

Community Gaming operated a platform for grassroots competitive gaming tournaments and player payouts; it wound down in 2026.

Co-investorsA100X VenturesBitDAOMantle NetworkMulticoin CapitalOpen Opportunity FundPlay Ventures+4 more

Ruby nodesrubynodes.io𝕏

Ruby Nodes operates blockchain infrastructure on its own bare metal hardware across multiple continents, running over 30 blockchains as validators, L2 sequencers, RPCs, bootnodes, and bridge relayers.

Cloud ComputingCrypto & Web3Data & Infrastructure

Pavel(Co-founder)Petr(Co-founder)

Second lanesecondlane.ioin𝕏

SecondLane is a Web3 private markets fintech providing execution infrastructure for secondary transactions in illiquid digital assets such as pre-listed tokens, SAFTs, SAFEs, and equity.

Crypto & Web3Data & InfrastructureFintech

Sparksprk.fi
Spartanspartangroup.ioin𝕏

Spartan Group is a Web3-focused firm that provides venture investment, M&A advisory, and capital raising services to crypto companies and networks.

Crypto & Web3

Co-investorsThree Point

Stanford blockchainstanford.eduin𝕏

Stanford University is a private research university founded in 1885 on the Stanford family's Palo Alto stock farm, offering education across the liberal arts, science, engineering, medicine, business, and sustainability.

EdTechPalo Alto, US

Leland Stanford(Founder)Jane Lathrop Stanford(Founder)Jon Levinin

Co-investorsA-Rod CorpBrave CapitalBreyer CapitalCRV (Charles River Ventures)Renegade Partners

STS Digitalstsdigital.ioin𝕏

STS Digital operates an institutional trading platform for crypto options, OTC, structured products, and treasury, offering trading across 400+ tokens via voice, UI, and API.

Crypto & Web3Fintech

Sudo Researchsudoresearch.com

SuDo Research Labs is a crypto trading house and venture capital firm that uses proprietary delta-neutral strategies and invests in Web 3.0 teams and projects.

Crypto & Web3Taipei, TW

Synergy Consultingsynergyconsulting.io

Synergy Consulting is an advisory firm offering blockchain and cryptocurrency businesses services including corporate structuring, fund formation, fundraising, compliance and KYC/AML, directorship, and DAO administration and governance.

Crypto & Web3Fintech

Tenderizetenderize.me𝕏

Tenderize offers a liquid staking protocol ("Liquid Staking 2.0") that lets users stake tokens across multiple validators without lockups, use staked positions as collateral to borrow stablecoins, and instantly unstake via a swap mechanism.

Crypto & Web3

Co-investorsFigmentTRGCEden Block

Token Metricstokenmetrics.comSep 2020

Washington, US

Ian Balina(Executive Officer)

Trgctrgc.io

TRGC is an investment firm that takes a hands-on approach with its portfolio companies and aims to add value from the start, drawing on more than 15 years of industry experience to support founders.

Sector Agnostic

Co-investorsKuCoin Labs

Turtle Clubturtle.club𝕏

Turtle is an on-chain capital infrastructure platform that provides diligenced DeFi yield deals, letting capital allocators and liquidity providers discover, vet, deploy, and monitor positions across chains and protocols from a self-custodial dashboard.

Crypto & Web3Data & InfrastructureFintech

Essi(Founder & CEO)Nick(Co-Founder & CTO)Tim(CMO)Waseem(COO)

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Moonhill Capital made?
Moonhill Capital has 63 tracked investments.
What stage does Moonhill Capital invest at?
Moonhill Capital invests at the Pre-Seed, Seed, Series A stages.
What sectors does Moonhill Capital focus on?
Moonhill Capital focuses on Crypto & Web3.
Who does Moonhill Capital co-invest with?
Moonhill Capital most often shares deals with TRGC, IOSG Ventures, Big Brain Holdings, among 194 tracked co-investors.

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