Fundraising Fox
Paper Ventures
Venture capitalOperating companyPre-Seed–Seed · 3 people tracked
Find your way into Paper Ventures
Sign up to see every warm intro you have to Paper Ventures
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Paper Ventures team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Investment thesis
Pre-seed and seed, founder-first investors combining poker, traditional finance, crypto-exchange and early-stage tech expertise, capped at $25M to focus across sectors with longstanding Web3 and consumer/game deal flow.
Source: firm website, verified Jul 20, 2026.
Team · 3 people
from the firm's website
What they invest in
from 32 of 49 portfolio companiesCrypto & Web3 ×21Fintech ×14AI & Machine Learning ×10Data & Infrastructure ×10Enterprise Software ×6Cybersecurity ×5Consumer ×4Developer Tools ×3
HQs:United States×6Costa Rica×1
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×72 founders×2
Investments · 49 tracked
founders shown can be your intro pathBy year:2026 · 42025 · 42024 · 412 dated
Actual.ly provides musicians and artists a link-in-bio replacement that uses trivia and quizzes to verify genuine fans and build a fan CRM with names, phone numbers, and locations.
Creator EconomyMedia & EntertainmentSaaS
Co-investorsNew Orleans Startup FundGSRHaun VenturesSelini Capital
Vertically integrated Ethereum infrastructure stack offering wallets, rollups, interoperability, and ZK services.
Diego Kingston(Founder)Federico Carrone(Founder)Mauro Toscano(Founder)Roberto Catalan(Founder)
Co-investorsLemniscapOddiyana VenturesSymbolic Capitalgumi Cryptos Capital (gCC)Hetz Ventures
Cambrian builds blockchain data and AI infrastructure, drawing on experience in onchain data, verifiability, and DeFi data systems.
AI & Machine LearningCrypto & Web3Data & InfrastructureFintechLondon
Sam Green(Founder)inFady Saad(Director)Oliver Mitchell(Director)Joao Filipe Nunes Seabra(Executive Officer, Director, Promoter)Miika Petteri Satori(Executive Officer, Director, Promoter)
Co-investorsBlockchain BuildersGS FuturesCybernetix VenturesFlow TradersFranklin TempletonNJF Capital+3 more
Cambrian is a venture capital firm that writes $300k–$1mm+ pre-seed and seed checks (as lead, co-lead, or participant) into early-stage fintech companies.
FintechSan Francisco, US
Rex Salisbury(Solo-GP)in
Co-investorsSandwich CapitalFlow TradersFranklin TempletonNomad CapitalPolychain CapitalSelini Capital
Camp Network is a Layer-1 blockchain for intellectual property infrastructure, providing a global IP registry that lets users own and monetize their IP and enables AI agents to train on user-owned IP.
AI & Machine LearningCrypto & Web3Data & Infrastructure
James Chi(Founder)inNirav Murthy(Founder)in
Co-investors1k(x)1kxBlockchain CapitalEterna CapitalHTX Ventures (ex Huobi Ventures)Hyperithm+12 more
Cap is a three-sided onchain platform for USD yield, private credit and financial guarantees, headquartered in New York.
New York, US
Benjamin Sarquis Peillard(Executive Officer, Director)
Co-investorsAlphaLab CapitalBreedCaladanFlowdeskFourth Revolution Capital (4RC)G1 Ventures+9 more
Cluster provides go-to-market infrastructure for AI agents, giving them access to 50+ GTM data sources, LinkedIn and email sending tools, and the ability to run many subagents in parallel for outbound prospecting.
AdTechAI & Machine LearningData & InfrastructureSales TechNew York City, US
Co-investorsTechstarsMapleblock Capital
Cluster is a virtual-space platform whose users join events and live performances from smartphones, PCs and VR headsets.
Co-investorsBaseline VenturesGlobal BrainKDDI Open Innovation FundSkyland VenturesFirst Round CapitalFreestyle Capital+4 more
Utexo develops infrastructure for bringing USD Tether (USDT) to Bitcoin, leveraging RGB and Lightning Network technologies to enable Bitcoin-native stablecoin payments.
Crypto & Web3Data & InfrastructureFintech
Viktor Ihnatiuk(Co-founder)Chris Hutchinson(Co-founder)Renat Skitsan(Co-founder)
Co-investorsFulgur VenturesBig Brain HoldingsMaven 11
DoubleZero operates a network that delivers raw market data feeds over dedicated fiber links contributed by independent operators, bypassing public internet latency for trading firms, validators, and platforms.
Crypto & Web3Data & InfrastructureFintechGeorge Town
BoardOLIVER BELL(Director)
Co-investorsCrucible CapitalDragonflyFoundation CapitalGSRMetastableMH Ventures+4 more
Drosera provides a security protocol built around "Traps," on-chain mechanisms designed to detect and respond to threats, aimed at developers and operators in the blockchain space.
Crypto & Web3Cybersecurity
Co-investorsArrington CapitalMetamatic GroupNxGenUDHCUniversal DeFi Holding CompanyArrington XRP Capital+1 more
ETHGas enables validators and node operators to monetize blockspace by selling priority access to traders, agents, and protocols, generating predictable yield beyond standard staking rewards through a programmable marketplace.
Crypto & Web3Data & InfrastructureFintech
Kevin Lepsoe(Founder)
Co-investorsComma3 VenturesNode CapitalBlueYard CapitalPolychain Capital
Forgotten Playland: Party Edition is a multiplayer party game where players customize characters called PlushKyns and compete in a variety of competitive mini-games set in themed areas.
ConsumerGaming
Co-investorsWWVenturesC2 VenturesMerit Circle
Berkeley, US
Matt Wright(Founder)
Co-investorsMagnus CapitalRayo Capital GroupTaisu Ventures
Glacis Labs builds Zero Delta, a settlement network that matches institutional order flow to execute large digital asset trades and cross-border remittances with zero slippage and no prefunded float.
Crypto & Web3Enterprise SoftwareFintech
Cofounder (JPMorgan, Spruce)(Cofounder)Technical Cofounder(Technical Cofounder)
Co-investorsArrington CapitalEdessa CapitalProtagonistArrington XRP CapitalFaction
Glacis builds software for supply chain coordination that integrates with existing workflows and systems without requiring suppliers or partners to change their processes.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaS
Co-investorsProtagonistArrington CapitalFaction
Glacis provides runtime security controls and signed operational records for AI agent workflows that access tools, credentials, and customer data, enabling fast-growing AI companies to demonstrate compliance with enterprise security requirements.
AI & Machine LearningCybersecurityEnterprise SoftwareGovTech
Joe Braidwood(Co-Founder & CEO)inRohit Tatachar(Co-Founder & CTO)inJennifer Shannon(Co-Founder & Chief Medical Officer)in
Co-investorsAllen Institute for AI (AI2) IncubatorArrington CapitalCoinbase VenturesFactionFranklin TempletonProtein Capital Management
human.tech provides a privacy-preserving identity and control layer for people, institutions, and AI, using zero-knowledge proofs and client-side cryptography built on W3C Verifiable Credentials and eIDAS 2.0 standards.
Crypto & Web3CybersecurityGovTech
Co-investorsDraper DragonUDHCUniversal DeFi Holding CompanyNVP CapitalY Combinator
Limitless is a prediction market platform where users trade on outcomes across categories including crypto, sports, finance, and politics.
Crypto & Web3Fintech
Dima Horshkov(Founder)in
Co-investorsCoinbase VenturesCollider Ventures1confirmationArrington CapitalDCGDell Technologies Capital+6 more
Limitless Labs develops a foundation AI model for mechanical parts manufacturing along with a platform that integrates into CNC programming, quoting, and inspection workflows.
Advanced ManufacturingAI & Machine LearningDeep Tech
Co-investorsDell Technologies CapitalMeron CapitalSquare Peg Capital1confirmationGrove Ventures
MonkeyTilt is a crypto-based online gambling platform offering casino games (slots, live dealer tables, game shows, and exclusive originals), a sportsbook with pre-match and live betting, and poker, all funded through cryptocurrencies.
ConsumerCrypto & Web3GamingSan Jose, CR
Sam Kiki(Founder)in
Co-investorsPantera CapitalPolychain CapitalCoinFundHack VCAccompliceJosh Hannah+2 more
Naptha.ai helps businesses adopt agentic software development by addressing AI agent interaction problems that lead to poor user experience and churn.
AI & Machine LearningDeveloper ToolsEnterprise Software
Co-investorsPolymorphic Capital
Perle provides expert-driven data services for AI teams, supplying credentialed specialists to handle data collection, labeling, quality assurance, evaluation, and RLHF/RLAIF for tasks that generic crowd-worker vendors can't judge.
AI & Machine LearningData & InfrastructureEnterprise SoftwareRoboticsSan Francisco, US
Ahmed Rashad(Founder)in
Co-investorsACTAI VenturesAlphaLab CapitalBig Brain HoldingsBreedCaladanCoinFund+3 more
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)in
Co-investorsA.Capital VenturesAbstract VenturesAndreessen HorowitzBollinger Investment GroupDigital StrategiesInitialized Capital+14 more
Psy is a Layer 1 blockchain protocol built with a PARTH architecture and Proof of Useful Work consensus, aiming for high transaction throughput, fixed low fees, and local zero-knowledge proving so user data stays on-device.
AI & Machine LearningCrypto & Web3Cybersecurity
Co-investorsProtagonist
Speedstake is a Solana-based product that lets stakers sell their future staking rewards for SOL upfront without unstaking, keeping their principal delegated.
Crypto & Web3Fintech
Co-investorsCoinbase VenturesMarin Digital VenturesVariant FundSolana Labs
George Bousis(Founder)Jay Klauminzer (CEO)(Founder)
Co-investorsAccelAllied Venture PartnersBorderless VentureManta Ray VenturesNew Enterprise Associates (NEA)Pharsalus Capital+4 more
Rakurai builds a high-throughput, low-latency validator client for web3 infrastructure, aimed at blockchain validators who want to pack denser blocks and capture higher yields.
Crypto & Web3Data & InfrastructureDeep TechDeveloper Tools
Co-investorsAnagram VenturesRobot VenturesSlow Ventures
Rena Labs provides a TEE (trusted execution environment) data exchange for confidential AI training and inference on proprietary data, with encryption, on-chain logging, and compliance features.
AI & Machine LearningCrypto & Web3Cybersecurity
Co-investorsEterna CapitalFactionMapleblock Capital
Renzo Protocol provides liquid staking and restaking infrastructure along with reserve vaults that deploy capital into delta-neutral, RWA-backed, and basis/carry trade strategies.
Crypto & Web3Fintech
Lucas Kozinski(Founder)
Co-investorsBankless VenturesBitDAOCrypto DiscoverEdessa CapitalFigmentGalaxy Ventures+6 more
Scroll AI is a browser-based AI notebook that ingests documents, media and web pages and answers questions about them.
Co-investorsGMG VenturesMercuri.vc1confirmationArrington CapitalCoinbase VenturesCollider Ventures+7 more
Sophon is a crypto project transitioning its SOPH token from a chain-based gas and staking model to a buyback-and-burn programme funded by product revenue.
Crypto & Web3Fintech
Co-investorsBeamHTX Ventures (ex Huobi Ventures)Impossible FinanceMerit CirclePerridon VenturesWWVentures+4 more
TAC is a blockchain built for Ethereum-based decentralized applications to access TON and Telegram's user base of over 1 billion users.
Crypto & Web3Developer ToolsFintech
Co-investorsHack VCSymbolic CapitalThe Open Platform
Telegram is a cross-platform messaging application with encrypted, self-destructing messages, multi-device sync, and large group chats.
ConsumerMedia & EntertainmentSocial
Co-investorsAfford.CapitalAlphabit FundAngelONE CapitalArchetypeArrington CapitalBitDAO+48 more
Temple Digital Group builds financial infrastructure for capital markets, including a native trading platform, global asset registry, and issuance platform for the Canton blockchain.
Crypto & Web3Data & InfrastructureEnterprise SoftwareFintech
Evan Varsamis(CEO)Dan Simerman(CSO)John Antoniou(CTO)
Co-investorsEterna Capital
YieldPoint operates a multi-chain crypto yield platform whose first product, Unity ($UTY), is a dollar-pegged, tokenized market-neutral position that generates yield from crypto trading activity rather than price direction.
Crypto & Web3Fintech
David B. Markley(Founder)in
Co-investorsBorderless VentureBlizzard the AvalancheBorderless CapitalChainview CapitalMantis CapitalProtagonist
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Aligned LayerCambrian NetworkCamp NetworkDare MarketGaiaMeth LabPell NetworkPye FinanceSuperp
Portfolio news
latest coverage across their companiesGlacis · finsmes.com · Jul 16, 2026
Limitless Labs · finsmes.com · Jun 16, 2026
Temple · prnewswire.com · Oct 16, 2025
Rena Labs · globenewswire.com · Oct 13, 2025
XSY · leadsontrees.com · May 16, 2025
Frequently asked questions
- How many investments has Paper Ventures made?
- Paper Ventures has 49 tracked investments, including 9 dated in the last 24 months.
- What stage does Paper Ventures invest at?
- Paper Ventures invests at the Pre-Seed, Seed stages.
- What sectors does Paper Ventures focus on?
- Paper Ventures focuses on Crypto & Web3.
- Does Paper Ventures lead rounds?
- Paper Ventures typically participates in rounds rather than leading them.
- Who does Paper Ventures co-invest with?
- Paper Ventures most often shares deals with Protagonist, Eterna Capital, Taisu Ventures, among 82 tracked co-investors.
Images
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.
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.
Blueyard is a small equal partnership with offices in the US and Europe, investing in early-stage companies.
Breyer Capital is a venture capital firm that backs high-impact entrepreneurs, making strategic investments guided by founder passion and its network of experienced investors.