1confirmation

Supporting teams fueling the decentralization of the web and society

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

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Supporting teams fueling the decentralization of the web and society

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 3, 2026	Ruvo	$4.6M Seed	1confirmation	Blast, Coinbase Ventures, First Check Ventures, Mission Street Capital, Neer Venture Partners, Rebel Fund, Y Combinator
Oct 1, 2025	Limitless Labs	$10.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Oct 1, 2025	Glue	$20.0M Series A	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Sep 1, 2025	Belfort	$6.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Nicolas Pinto, Sahin Boydas, Stani Kulechov, Vitalik Buterin, Willem Delbare
Jul 1, 2025	Polymarket	$150.0M Series C	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Darling Ventures, Divergence Ventures, ENIAC Ventures, EQT Ventures, Felicis Ventures, Founders Fund, General Catalyst, iNovia Capital, New Form Capital, Operator Collective, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Tiger Global Management, Triatomic Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Jun 1, 2025	Netic	$20.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Alumni Ventures, Amino Capital, AngelList, Bling Capital, Brainchild, C2 Investment, Kevin Ding, Divergence Ventures, Founders Fund, General Catalyst, Goat Capital, Greenoaks Capital, Greylock, Hanabi Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, LGF, Longtail Ventures, Madrona Ventures, Menlo Ventures, Ann Bordetsky, New Form Capital, Polychain Capital, Primitive Ventures, Quiet Capital, Robot Ventures, Saga, Sound Ventures, The Hit Forge, Thrive Capital, Tribe Capital, UpHonest Capital, Y Combinator, Balaji Srinivasan, Diego Berdakin, Dylan Field, Elad Gil, Mark Pincus, Matt Bellamy, Mike Vernal, Sahin Boydas, Samvit Ramadurgam, Sohail Prasad, Stani Kulechov, Sue Xu, Vitalik Buterin
Sep 1, 2024	Limitless Labs	$3.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Sep 1, 2024	RISE Labs	$3.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Blue Bear Capital, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, North Island Ventures, Polychain Capital, Polygon, Robot Ventures, Sequoia Capital, Sound Ventures, The Hit Forge, Thrive Capital, White Loop Capital, Ajit Tripathi, Balaji Srinivasan, Diego Berdakin, Dylan Field, Marc Benioff, Mark Pincus, Sahin Boydas, Stani Kulechov, Tekin Salimi
Aug 1, 2024	Story Protocol	$80.0M Series B	—	10100, 355 Capital, 468 Capital, Abstract Ventures, Kevin Hartz, Andreessen Horowitz, Angel investor, Animoca Brands, Brainchild, CVentures, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, rocketship.vc, Sherpalo Ventures, Sound Ventures, Sunset Ventures, The Hit Forge, Thrive Capital, True Global Ventures, Balaji Srinivasan, Baris Gultekin, Biz Stone, David Hoffman, Diego Berdakin, Dylan Field, Gokul Rajaram, Josh Elman, Kunal Shah, Mark Pincus, Othman Laraki, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Jul 1, 2024	Echo Chunk AI	$1.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Andreessen Horowitz, Brainchild, Divergence Ventures, Era Ventures, Founders Fund, General Catalyst, Lerer Hippeau, New Form Capital, Paradox Capital, Pear VC, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Waverley Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Evan Moore, Immad Akhund, Sahin Boydas, Stani Kulechov, Stanley Tang, Tony Xu, Vitalik Buterin
Jul 1, 2024	Rillet	$14.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, A* Capital (A Star Capital), Alt Capital, Andreessen Horowitz, AngelPad, Bain Capital Ventures, Bessemer Venture Partners, Brainchild, Congruent Ventures, Craft Ventures, Creandum, Divergence Ventures, FasterCapital, First Round Capital, Founders Fund, General Catalyst, Goat Capital, ICONIQ Capital, Lead Edge Capital, Matrix, Menlo Ventures, Merus Capital, Mischief Venture Capital, New Form Capital, Openview Venture Partners, Operator Collective, Polychain Capital, Robot Ventures, Sequoia Capital, Sound Ventures, Susa Ventures, The Hit Forge, Thrive Capital, Volition Capital, XYZ Venture Capital, Balaji Srinivasan, Cristina Cordova, Diego Berdakin, Dylan Field, Gordon Wintrob, Hanno Renner, Immad Akhund, Jon Brelig, Mark Pincus, Max Mullen, Melissa Tan, Mike Hennessey, Peter Reinhardt, Roland Grenke, Sahin Boydas, Saran Chari, Scott Belsky, Stani Kulechov, Vitalik Buterin, Zack Kanter
Jul 1, 2024	Sentient	$85.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Jul 1, 2024	tread.fi	$4.0M Seed	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Divergence Ventures, Founders Fund, General Catalyst, New Form Capital, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Jun 1, 2024	Polymarket	$55.0M Venture Round	—	10100, Abstract Ventures, Kevin Hartz, Brainchild, Darling Ventures, Divergence Ventures, ENIAC Ventures, Felicis Ventures, Founders Fund, General Catalyst, Greenoaks Capital, Greylock, iNovia Capital, New Form Capital, Operator Collective, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Triatomic Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Evan Williams, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
May 1, 2024	Polymarket	$45.0M Series B	—	A* Capital (A Star Capital), Andreessen Horowitz, Atlantic Bridge, Rexhep Dollaku, Founders Fund, FTX Ventures, Paradigm, Starbloom Ventures, Spencer Noon, Andrew Jones, Chris Bennett, Louis Beryl, Naveen Selvadurai, Will Herman
Mar 1, 2024	Applied Intuition	$250.0M Series E	—	10100, Abstract Ventures, Kevin Hartz, Adverb Ventures, AirAngels, Amplo, Andreessen Horowitz, Chloe Sladden, Anti fund, Atomico, Base Partners, Bond, BoxGroup, Brainchild, C2 Investment, Catapult Capital, Coatue, Collab Capital, Commerce Ventures, Construct Capital, Daffy, Divergence Ventures, Dynamo Ventures, Electric Capital, Entrepreneur First, Expa, Founders Fund, Fuel Capital, General Catalyst, Great Oaks Venture Capital, Greylock, Haystack, Hersh Interactive Group, Index Ventures, Innovation Endeavors, InterWest, IVP, Kleiner Perkins, LGF, Liquid 2 Ventures, Lux Capital, MaC Venture Capital, Menlo Ventures, Rick Yang, New Form Capital, Next Play Ventures, No Label Ventures, Otherwise Fund, Outcast Ventures, Polychain Capital, Quiet Capital, Robert Bosch Venture Capital, Robot Ventures, Sequoia Capital, Softbank Group, Sound Ventures, SparkLabs Group, The Hit Forge, Thrive Capital, UpHonest Capital, Visionaire Ventures, Aaron Levie, Aston Motes, Balaji Srinivasan, Bradley Horowitz, Carmelo Anthony (Melo7 Tech Partners), Diego Berdakin, DJ Patil, Dylan Field, Erik Moore, Gokul Rajaram, Jim Pitkow, John Legend, Justin Mateen, Kevin Colas, Marc Benioff, Mark Pincus, Mike Krieger, Rick Wagoner, Sahin Boydas, Stani Kulechov, Thomas Tull, Vitalik Buterin
Aug 1, 2023	Nodal Power	$13.0M Seed	—	Atlantic Bridge, Rexhep Dollaku, FTX Ventures, Andrew Jones, Louis Beryl, Naveen Selvadurai
Jan 1, 2023	Metahood	$3.0M Seed	—	360 Capital Partners, Amino Collective, CrunchFund, Expon Capital, Hummingbird Ventures, MizMaa Ventures, Molten Ventures, Motier Ventures, Not Boring Capital, Pantera Capital, True Global Ventures, Eric Larchevêque, Pascal Gauthier, Pierre Lavaux
Jan 1, 2023	StoryCo	$6.0M Seed	—	Not Boring Capital, Patron, Sebastien Borget
Jul 1, 2022	Aptos	$150.0M Series A	—	Atlantic Bridge, Rexhep Dollaku, CoinFund, Divergence Ventures, Dragonfly Capital Partners, FTX Ventures, Multicoin Capital, Verified Capital, Andrew Jones, Chris Bennett, Louis Beryl, Luis Cuende, Naveen Selvadurai, Regan Bozman, Stani Kulechov, Stefan George
May 1, 2022	Saga.xyz	$7.0M Seed	—	Abstract Ventures, Kevin Hartz, Andreessen Horowitz, Craft Ventures, Electric Capital, Kindred Ventures, Paradigm, The Hit Forge, Scott Belsky
May 1, 2022	Drip	$23.0M Series A	—	Abstract Ventures, AllegisCyber Capital, Andreessen Horowitz, Atlantic Bridge, Bailhe, Base10 Partners, Cherry Ventures, Eunoia Capital Partners, Jenny Fielding, Scott Hartley, Felicis Ventures, foobar.vc, Forerunner Ventures, FTX Ventures, Fuse, Insight Partners, LifeX Ventures, Lightspeed Venture Partners, Maniv Mobility, Multicoin Capital, Oak HC/FT, Scribble Ventures, Seedcamp, Sequoia Capital, Seven Seven Six, Thrive Capital, Toyota Ventures, Two Bear Capital, Two Sigma Ventures, Uncork Capital, Vera Equity, Wave Financial, White Loop Capital, Austin Ogilvie, Bastian Nominacher, Chris Murphy, Christian Reber, Dylan Field, Gloria Baeuerlein, Gokul Rajaram, Jacob Kerzner, Jeppe Rindom, Justin Mateen, Mads Fosselius, Prescott Watson
Feb 1, 2022	Summoners Arena	$3.0M Seed	—	CrunchFund, Pantera Capital
Dec 1, 2021	Nansen	$75.0M Series B	—	Abstract Ventures, Kevin Hartz, Accel, Andreessen Horowitz, Atomico, Craft Ventures, Cyberstarts VC, Dragonfly Capital Partners, Electric Capital, Grasshopper Capital, Kindred Ventures, Next Frontier Capital, NFX, Paradigm, Primitive Ventures, Redpoint Ventures, Robot Ventures, Sequoia Capital, The Hit Forge, Spencer Noon, Aleksander Leonard Larsen, Ameet Patel, Ariel Maislos, Charlie Cheever, Johnny Boufarhat, Manik Gupta, Ott Kaukver, Scott Belsky, Thomas Dohmke, Tobias Lutke, Yuval Weisglass
Sep 1, 2021	Lean Financial	$5.0M Seed	—	10100, 20VC, Abstract Ventures, Kevin Hartz, AirAngels, Alt Capital, AME Cloud Ventures, Andreessen Horowitz, Austin Ventures, Banana Capital, B Capital Group, Better Capital, Brainchild, Browder Capital, Buckley Ventures, Canaan Partners, Champion Hill Labs, Cisco Investments, Climate Capital, Conversion Capital, Divergence Ventures, Forerunner Ventures, Founders Fund, General Catalyst, Greylock, Hardware Club, Haystack, Human Capital, Inspired Capital, KRM Interests LLC, Lightspeed Venture Partners, Magma Partners, NEO, New Form Capital, Operator Collective, Polychain Capital, R136 Ventures, Redpoint Ventures, Robot Ventures, RRE Ventures, Semble Ventures, Seven Seven Six, Sound Ventures, SV Angel, Techstars, The Hit Forge, Thomvest Ventures, Thrive Capital, Tucker Seed Fund LLC, Upside Partnership, Ameet Patel, Balaji Srinivasan, Bradley Horowitz, David Petersen, Diego Berdakin, Dylan Field, Guy Podjarny, Jeff Chang, John Hennessy, Josh Elman, Julia Hartz, Kaushik Subramanian, Larry Gadea, Mark Pincus, Matthew Dellavedova, Sahil Lavingia, Sahin Boydas, Stani Kulechov, Tony Xu, Vitalik Buterin, Zack Kanter

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at 1confirmation.

Leadership Team

Key people at 1confirmation.

Deep Dive

# 1confirmation – Supporting Teams Fueling the Decentralization of the Web and Society

High-Level Overview

1confirmation is a leading venture capital firm founded in 2017 by Nick Tomaino, dedicated to empowering founders who are advancing the decentralization of the web and society. The firm’s mission centers on backing early-stage startups in the blockchain, cryptocurrency, and Web3 sectors, with a focus on open networks that shift power and value from centralized institutions to individuals. 1confirmation’s investment philosophy is rooted in identifying transformational technologies and supporting founders with both capital and strategic guidance, often serving as one of the first institutional investors in pioneering crypto projects.

With over $1 billion in assets under management and a portfolio that includes industry-defining companies like OpenSea, Coinbase, dYdX, and Nexus Mutual, 1confirmation has played a pivotal role in shaping the modern crypto ecosystem. The firm invests across seed, Series A, and Series B stages, prioritizing projects that drive innovation in decentralized finance (DeFi), NFTs, infrastructure, and digital ownership. Its impact is evident in the growth and global adoption of its portfolio companies, many of which have become foundational players in the Web3 movement.

Origin Story

1confirmation was founded in 2017 by Nick Tomaino, a respected figure in the crypto and venture capital communities. Tomaino’s early career included roles at Andreessen Horowitz, where he led investments in blockchain and fintech, giving him deep insight into the emerging crypto landscape. Recognizing the transformative potential of decentralized technologies, he launched 1confirmation to focus exclusively on early-stage crypto ventures.

From its inception, the firm has been based in the San Francisco Bay Area, leveraging Silicon Valley’s entrepreneurial energy and proximity to top technical talent. Over the years, 1confirmation has evolved from a small, founder-led fund into a major force in crypto venture capital, raising increasingly larger funds—including a $125 million third fund in 2021. The firm’s early backers include notable figures like Mark Cuban, Marc Andreessen, Balaji Srinivasan, and Brendan Eich, underscoring its credibility and influence within the tech and crypto worlds.

Core Differentiators

Early-Stage Focus: 1confirmation specializes in seed and early-stage investments, often being the first institutional backer for groundbreaking crypto startups.
Deep Crypto Expertise: The team combines venture capital experience with deep technical and operational knowledge of blockchain and decentralized systems.
Founder-Centric Approach: The firm emphasizes building strong, long-term partnerships with founders, offering not just capital but also strategic advice, industry connections, and hands-on support.
Proven Track Record: With investments in market leaders like OpenSea, Coinbase, and dYdX, 1confirmation has a demonstrated ability to identify and nurture high-impact projects.
Network Strength: Backed by influential tech and crypto leaders, the firm provides portfolio companies with access to a powerful network of advisors, investors, and potential partners.

Role in the Broader Tech Landscape

1confirmation is at the heart of the Web3 revolution, riding the wave of decentralization that is reshaping how value, data, and ownership are distributed online. The firm’s timing has been critical—launching just as blockchain technology began to mature and attract mainstream attention. Market forces such as the rise of DeFi, NFTs, and decentralized identity have created fertile ground for 1confirmation’s portfolio companies to thrive.

By supporting open networks and decentralized protocols, 1confirmation is helping to build a more resilient, transparent, and user-controlled internet. Its influence extends beyond individual startups, contributing to the broader adoption of blockchain technology and the development of new economic models that empower individuals over institutions.

Quick Take & Future Outlook

Looking ahead, 1confirmation is well-positioned to continue shaping the future of Web3 as the ecosystem matures and expands into new domains like AI, decentralized social media, and digital ownership. The firm’s focus on early-stage innovation and its deep ties to the crypto community will remain key advantages as new technologies emerge.

As regulatory frameworks evolve and institutional interest in crypto grows, 1confirmation’s role as a bridge between traditional venture capital and the decentralized world will become even more important. The firm’s ability to spot and support the next generation of transformative founders will likely cement its legacy as a cornerstone of the Web3 movement.

In a world where the decentralization of the web and society is no longer a fringe idea but a driving force of technological change, 1confirmation stands as a vital catalyst—backing the teams that are building the future, one open network at a time.

Sources

# 1confirmation – Supporting Teams Fueling the Decentralization of the Web and Society

High-Level Overview

Origin Story

Core Differentiators

Early-Stage Focus: 1confirmation specializes in seed and early-stage investments, often being the first institutional backer for groundbreaking crypto startups.
Deep Crypto Expertise: The team combines venture capital experience with deep technical and operational knowledge of blockchain and decentralized systems.
Founder-Centric Approach: The firm emphasizes building strong, long-term partnerships with founders, offering not just capital but also strategic advice, industry connections, and hands-on support.
Proven Track Record: With investments in market leaders like OpenSea, Coinbase, and dYdX, 1confirmation has a demonstrated ability to identify and nurture high-impact projects.
Network Strength: Backed by influential tech and crypto leaders, the firm provides portfolio companies with access to a powerful network of advisors, investors, and potential partners.