Nonagon
Venture capitalSan Francisco · 8 people tracked
Investment thesis
Nonagon Capital focuses on the blockchain and crypto ecosystem, both investing in and actively building on-chain projects. Its portfolio spans blockchain gaming, decentralized identity, DeFi, entertainment technology, DAO fund-of-funds structures, and token-incentivized media. Operating out of San Francisco and Tokyo, the firm bridges Western and Japanese/Asian web3 markets, supporting projects that advance the adoption of blockchain across consumer, gaming, and infrastructure use cases.
Source: firm website, verified Aug 7, 2026.
Team · 8 people
from the firm's websiteWhat they invest in
from 6 of 10 portfolio companiesCrypto & Web3 ×3AI & Machine Learning ×2Creator Economy ×2Gaming ×2Media & Entertainment ×2B2B Marketplaces ×1Deep Tech ×1Fintech ×1
HQs:Japan×1South Korea×1
Investments · 10 tracked
founders shown can be your intro pathD3 Global is building DomainFi infrastructure, tokenizing DNS domains as on-chain real-world assets via its Doma Protocol blockchain.
Fred Hsu(Founder)in
Co-investorsCoinbase VenturesMaelstromParadigm
The world's largest gaming companion platform (E-PAL, launched 2020), with Balance building an AI- and blockchain-based online user experience.
An investment DAO fund of funds aiming to accelerate the venture DAO ecosystem, building on learnings from MetaCartel Ventures.
Kasagi Labo builds a platform unifying global anime and manga fandom, enabling fans to discover content and communities while helping IP owners and creators build direct relationships with audiences.
B2B MarketplacesCreator EconomyMedia & Entertainment
Kendrick Wong(CEO)Tony Izumi(CEO, Kasagi Labo Japan)Michael(COO)Chih Yeong(Chief Financial Officer)Yi Li(Chief Investment Officer, General Counsel)Marcus Low(CTO)
Co-investorsBurda Principal InvestmentsFermionGenesia VenturesHashedSuperscrypt
Modhaus is a K-pop entertainment agency that operates as an open architecture platform, aiming to create a fan-centered music industry ecosystem by incorporating blockchain and metaverse technologies.
Creator EconomyMedia & EntertainmentSeoul, KR
Jaden Jeong
Co-investorsGlobal BrainKDDI Open Innovation FundLaguna InvestmentLB InvestmentReflexive CapitalForesight Ventures
MYUUU is a Japanese startup focused on generative AI, operating one of Japan's largest generative AI communities as the core of its ecosystem.
AI & Machine LearningSaaSTokyo, JP
Togo Muroya(Representative (CEO))
Co-investorsMaelstromVery Serious Ventures
Oasys is a blockchain built for gaming, offering gasless transactions and fast play alongside developer tools that handle payments, user acquisition, and cross-game NFTs.
Crypto & Web3Deep TechGaming
Co-investorsCeras VenturesDigital Finance GroupFenbushi CapitalHyperithmSerafund1984 Ventures Management, Llc+5 more
Portfolio news
latest coverage across their companiesKasagi Labo · animenewsnetwork.com · Jun 13, 2026
Oasys · waya.media · Jan 13, 2026
ModHaus · en.startuprecipe.co.kr · Aug 8, 2025
Frequently asked questions
- How many investments has Nonagon made?
- Nonagon has 10 tracked investments.
- What sectors does Nonagon focus on?
- Nonagon focuses on AI & Machine Learning, Crypto & Web3, Fintech, Gaming, Media & Entertainment.
- Where is Nonagon located?
- Nonagon is headquartered in San Francisco, US.
- Who does Nonagon co-invest with?
- Nonagon most often shares deals with Maelstrom, Burda Principal Investments, Coinbase Ventures, among 16 tracked co-investors.
Images
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