Ethereal Ventures

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jan 28, 2026	Bleap	$5.5M Seed	Blossom Capital	Maven 11 Capital
Jun 1, 2025	RISE Chain	$4.0M Seed	—	Alloy Fund, AppWorks, Pioneer Fund, Polygon, Fernando Martinelli, Rand Hindi, Stani Kulechov, Stefan George
May 1, 2025	Neutral Trade	$2.0M Seed	—	7percent Ventures, FMFW.io
May 1, 2025	RISE Chain	$3.0M Seed	—	Alloy Fund, AppWorks, Pioneer Fund, Polygon, Fernando Martinelli, Rand Hindi, Stani Kulechov, Stefan George
May 1, 2025	Turtle Club	$6.0M Seed	—	Peter Pan, 7percent Ventures, A Capital, FMFW.io, ParaFi Capital, Vitalik Buterin
Nov 1, 2024	Cytonic	$8.0M Seed	—	AirAngels, Andreessen Horowitz, Archetype, Audacity, Awesome People Ventures, Battery Ventures, Chapter One Ventures, CoinFund, Divergence Ventures, Electric Ant, Electric Capital, Future Perfect Ventures, Hack VC, Hashed, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Nascent, Not Boring Capital, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Version One Ventures, Weekend Fund, WPP Ventures, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Balaji Srinivasan, Biz Stone, Bo Shao, Brad Holden, David Nage, Do Kwon, Eric Wu, Imran Khan, Jeff Morris, Jess Sloss, Luis Cuende, Nathaniel Whittemore, Rene Reinsberg, Scott Belsky, Sina Habibi, Stani Kulechov, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward
Oct 1, 2024	kpk	$7.0M Seed	—	A Capital, AppWorks, Kevin Ding, Galaxy Digital, Insight Partners, Robot Ventures, SoftBank Investment Advisers, Fernando Martinelli, Stani Kulechov, Stefan George
Sep 1, 2024	Cortex	$60.0M Series C	—	Accel, Alt Capital, Andreessen Horowitz, Cedar Capital Group, Chapter One Ventures, CRV, First Round Capital, Gradient Ventures, Greylock, Romero Rodrigues, Index Ventures, IVP, Oren Yunger, NXTP Ventures, Scale Venture Partners, Sequoia Capital, Susa Ventures, Theory Ventures, Third Point Ventures, Upload Ventures, Alex Sok, Andrew McKinzie, Gokul Rajaram, Jeff Morris, John Collison, Manik Gupta, Marc Benioff, Mathilde Collin, Sahin Boydas, Sam Altman, Sam Lambert, Scott Belsky
Aug 1, 2024	Blockscout	$3.0M Seed	—	A Capital, Galaxy Digital, IOSG Ventures, LAUNCHub Ventures, ParaFi Capital, Robot Ventures, Vitalik Buterin
Jul 1, 2024	Kintsu	$4.0M Seed	—	FinTech Collective
Jun 1, 2024	MegaETH	$20.0M Seed	—	A Capital, Andreessen Horowitz, Asymmetric, BITKRAFT Ventures, Brighter Capital, Electric Capital, Hartmann Capital, Mercury Fund, MetaProp Ventures, New Age Ventures, ParaFi Capital, Pioneer Fund, Polygon, Third Prime, Spencer Noon, Abhay Kumar, Charlie Songhurst, Jutta Steiner, Mariano Conti, Matias Woloski, Maya Zehavi, Scott Belsky, Stani Kulechov, Teck Chia
May 1, 2024	Wiz	$1.0B Series E	—	Accel, Aglae Ventures, AirAngels, Andreessen Horowitz, AngelList Syndicator, Bessemer Venture Partners, Blossom Capital, Cornerstone Venture Partners, CRV, Cyberstarts VC, Double Prime LLP, Earlybird Venture Capital, Felicis Ventures, Greenoaks Capital, Index Ventures, Insight Partners, Lightspeed Venture Partners, Hans Tung, Openview Venture Partners, Operator Collective, Predictive VC, QED Investors, Salesforce Ventures, Sequoia Capital, SoftBank Investment Advisers, Theory Ventures, Vertex Ventures Israel, XYZ Venture Capital, Y Combinator, Allison Pickens (Allison Pickens Ventures), Ameet Patel, Bernard Arnault, Guy Podjarny, Michael Fey, Nedelcho Spasov, Sam Altman, Scott Belsky, Stanimir Vassilev, Svetozar Georgiev
Apr 1, 2024	Monad	$230.0M Series A	—	Dragonfly Capital Partners, Electric Capital, General Catalyst, Next Frontier Capital, Paradigm, ParaFi Capital, Polychain Capital, Robot Ventures, WovenEarth Ventures, David Hoffman, Do Kwon, Fernando Martinelli, Julian Koh, Mariano Conti, Peter Reinhardt, Sam Altman, Stani Kulechov, Zak Cole
Feb 1, 2024	INIT Capital	$3.0M Seed	—	B Capital Group, Blockchain Capital, Blockchain.com Ventures, Castle Island Ventures, Dragonfly Capital Partners, Electric Capital, Foundry Group, General Catalyst, Haun Ventures, Next Frontier Capital, Overtly Covert, Pantera Capital, ParaFi Capital, Polychain Capital, Robot Ventures, David Hoffman, Fernando Martinelli, Mariano Conti, Stani Kulechov, Zak Cole
Dec 1, 2023	VirtualZ Computing	$2.0M Seed	—	Dragonfly Capital Partners, General Catalyst, Next Frontier Capital, ParaFi Capital, Polychain Capital, Robot Ventures, David Hoffman, Fernando Martinelli, Julian Koh, Mariano Conti, Stani Kulechov, Zak Cole
Dec 1, 2023	ValueBase	$6.0M Seed	—	Angel investor, C2 Investment, Curious Capital, Index Ventures, Lightspeed Venture Partners, Sequoia Capital, Aaron Levie, Adam D'Angelo, Jared Leto, Karim Atiyeh, Mike Vernal, Sahin Boydas, 500 Startups Latam, 99 Startups, Autopilot Fund, Draper Cygnus, Duran Cesur, Kepler Operator’s Fund, Latitud, Matt Ocko, Operate, Ride Home Fund, Zecca Lehn
Oct 1, 2023	Fairblock	$3.0M Seed	—	AirAngels, Andreessen Horowitz, Archetype, Ascender Ventures, Audacity, Awesome People Ventures, Battery Ventures, Blockchain Capital, Chapter One Ventures, CoinFund, Divergence Ventures, Electric Ant, Electric Capital, Future Perfect Ventures, Hack VC, Hashed, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Nascent, Not Boring Capital, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Version One Ventures, Weekend Fund, WPP Ventures, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Balaji Srinivasan, Ben Perszyk, Biz Stone, Bo Shao, Brad Holden, David Nage, Do Kwon, Eric Wu, Imran Khan, Jeff Morris, Jess Sloss, Luis Cuende, Nathaniel Whittemore, Regan Bozman, Rene Reinsberg, Scott Belsky, Sina Habibi, Siqi Chen, Stani Kulechov, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward
Jun 1, 2023	Outdid	$3.0M Seed	—	AirAngels, Andreessen Horowitz, Archetype, Audacity, Awesome People Ventures, Bankless Ventures, Battery Ventures, Chapter One Ventures, CoinFund, Divergence Ventures, Divergent Capital, Electric Ant, Electric Capital, Jenny Fielding, Scott Hartley, Far Out Ventures, Future Perfect Ventures, Ganas Ventures, Hack VC, Hashed, Iluminar Ventures, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Matterscale Ventures, Nascent, NFX, Not Boring Capital, Picus Capital, Redpoint eventures, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, TBD Angels, Todd and Rahul's Angel Fund, Urbanist Ventures, Version One Ventures, Ryan Zurrer, Weekend Fund, WPP Ventures, Xochi Ventures, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Balaji Srinivasan, Biz Stone, Bo Shao, Brad Holden, Charlie Songhurst, Claire Diaz-Ortiz, David Nage, David Vélez, Dileep Thazhmon, Do Kwon, Eric Wu, Immad Akhund, Imran Khan, Jeff Morris, Jess Sloss, Loreanne Garcia, Luis Cuende, Martin Varsavsky, Matias Woloski, Mike Krieger, Nathaniel Whittemore, Regan Bozman, Rene Reinsberg, Ricardo Weder, Scott Belsky, Sergio Fogel, Sergio Furio, Simon Borrero, Sina Habibi, Stani Kulechov, Stefan George, Stelleo Tolda, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward
May 1, 2023	Cortex	$35.0M Series B	—	Accel, Afore Capital, Basecamp Fund, Cedar Capital Group, Convective Capital, Curie.Bio, Designer Fund, Founder Collective, Gradient Ventures, Index Ventures, IVP, Liquid 2 Ventures, MZ, Oren Yunger, Operator Partners, Scale Venture Partners, Sequoia Capital, Soma Capital, Stellar Capital, Theory Ventures, Tribe Capital, Two Sigma Ventures, WorkLife Ventures, Ben Porterfield, Larry Gadea, Michael Ma, Sam Altman
Mar 1, 2023	Artera	$90.0M Venture Round	—	AirAngels, AIX Ventures, Alumni Ventures, Andreessen Horowitz, AngelPad, Archetype, Audacity, Awesome People Ventures, Battery Ventures, BDC Venture Capital, Chapter One Ventures, Cherry Ventures, CoinFund, Creandum, DCVC (Data Collective), Divergence Ventures, Electric Ant, Electric Capital, Energize Ventures, Freestyle Capital, Future Perfect Ventures, Gaingels, Hack VC, Hashed, Infinity Ventures Crypto, Jackson Square Ventures, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Mayfield, Modern Venture Partners, Nascent, Nepenthe Capital, Not Boring Capital, Parkway VC, Robot Ventures, Scale Venture Partners, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Version One Ventures, Walden Catalyst Ventures, Walden International, Weekend Fund, WPP Ventures, Adam Jackson, Ajay Shah, Alain Hanover, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Balaji Srinivasan, Biz Stone, Bo Shao, Brad Holden, David Nage, Do Kwon, Eric Wu, Imran Khan, Jeff Morris, Jess Sloss, Josh Elman, Luis Cuende, Marc Benioff, Matthias Hilpert, Nathaniel Whittemore, Rajiv Khemani, Regan Bozman, Rene Reinsberg, Scott Belsky, Sina Habibi, Stani Kulechov, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward
Feb 1, 2023	Wiz	$300.0M Series D	—	Accel, Aglae Ventures, Alt Capital, Andreessen Horowitz, AngelList Syndicator, Arrive, Ascend Vietnam Ventures, Basis Set Ventures, Bessemer Venture Partners, Bond, Coatue, CRV, Cyberstarts VC, Double Prime LLP, Earlybird Venture Capital, Greenoaks Capital, Index Ventures, Insight Partners, Khosla Ventures, Lightspeed Venture Partners, Liquid 2 Ventures, Muchmore Ventures, Hans Tung, Openview Venture Partners, Outcast Ventures, Peterson Partners, QED Investors, Salesforce Ventures, SciFi VC, Sequoia Capital, SoftBank Investment Advisers, Soma Capital, Vertex Ventures Israel, Adam Neumann, Ameet Patel, Arash Ferdowsi, Bernard Arnault, Claire Hughes Johnson, Frederic Kerrest, Guy Podjarny, Jenna Hannon, Mathilde Collin, Michael Fey, Nedelcho Spasov, Sahin Boydas, Sam Altman, Stanimir Vassilev, Svetozar Georgiev, Theresa Johnson, Tony Xu
Jan 1, 2023	Candy Digital	$38.0M Series A	—	Galaxy Digital, SoftBank Investment Advisers, Venture Highway, Jez San
Jan 1, 2023	ValueBase	$2.0M Seed	—	Angel investor, C2 Investment, Curious Capital, Founders Fund, Index Ventures, Inspired Capital, Lightspeed Venture Partners, Pareto Holdings, Scale Venture Partners, Sequoia Capital, The Hit Forge, Threshold Ventures, Village Global, Aaron Levie, Adam D'Angelo, Jared Leto, Karim Atiyeh, Mike Vernal, Sahin Boydas, Tobias Knaup
Jan 1, 2023	Koios Medical	$8.0M Series B	—	BITKRAFT Ventures, Brighter Capital, Electric Capital, Hartmann Capital, Mercury Fund, MetaProp Ventures, New Age Ventures, Polygon, Third Prime, Jutta Steiner, Matias Woloski, Maya Zehavi, Scott Belsky, Teck Chia
Nov 1, 2022	Matter Labs	$200.0M Series C	—	AirAngels, Andreessen Horowitz, Archetype, Audacity, Awesome People Ventures, Battery Ventures, Chapter One Ventures, CoinFund, Divergence Ventures, Electric Ant, Electric Capital, Future Perfect Ventures, Hack VC, Hashed, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Nascent, Not Boring Capital, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Version One Ventures, Weekend Fund, WPP Ventures, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Balaji Srinivasan, Biz Stone, Bo Shao, Brad Holden, David Nage, Do Kwon, Eric Wu, Imran Khan, Jeff Morris, Jess Sloss, Luis Cuende, Nathaniel Whittemore, Regan Bozman, Rene Reinsberg, Scott Belsky, Sina Habibi, Stani Kulechov, Steve Weinstein, Tegan Kline, Trevor McFedries, Tyler Scott Ward

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Ethereal Ventures.

Leadership Team

Key people at Ethereal Ventures.

Deep Dive

High-Level Overview

Ethereal Ventures is a venture capital firm founded in 2021 by Joseph Lubin, co-founder of Ethereum and CEO of ConsenSys. The firm specializes in early-stage investments in globally-oriented blockchain, crypto platforms, and permissionless networks. Its mission centers on empowering visionary founders building decentralized technologies that promote sovereignty, ownership, and community access. Ethereal Ventures focuses primarily on crypto-native protocols and platforms, supporting startups from inception through growth with capital, strategic guidance, and ecosystem integration. The firm has invested in over 55 projects, including notable names like Osmosis, Umee, and Gnosis Chain, playing a significant role in advancing the blockchain startup ecosystem[1][2][3].

Origin Story

Ethereal Ventures was established in 2021 by Joseph Lubin, leveraging his deep roots in the Ethereum ecosystem and blockchain innovation. The fund is closely linked with ConsenSys, with many team members managing the fund, allowing a broad coverage of projects at various maturity stages. The idea emerged from the need to back early-stage teams globally who are building permissionless networks and decentralized platforms, reflecting Lubin’s vision of a paradigm shift driven by blockchain technology. Early traction came from investing in foundational crypto projects that have since become influential in the decentralized finance (DeFi) and blockchain infrastructure space[1][2][5].

Core Differentiators

Unique Investment Model: Ethereal Ventures integrates closely with ConsenSys, enabling a team-based approach that leverages deep technical expertise and ecosystem connections.
Network Strength: Backed by Joseph Lubin’s reputation and ConsenSys’ extensive network, the firm offers unparalleled access to blockchain innovators and industry leaders.
Track Record: With over 55 investments in high-impact crypto projects, Ethereal Ventures has demonstrated strong early-stage support in the blockchain sector.
Operating Support: Beyond capital, the firm provides strategic guidance, technical support, and ecosystem integration to accelerate portfolio companies’ growth.
Focus on Permissionless Networks: The fund prioritizes projects that enhance decentralization, sovereignty, and community ownership, aligning with emerging blockchain trends[1][3][4].

Role in the Broader Tech Landscape

Ethereal Ventures rides the wave of blockchain’s evolution toward decentralized finance, Web3, and permissionless networks, which are reshaping digital ownership and governance. The timing is critical as blockchain technology moves from niche applications to mainstream adoption, driven by increasing demand for decentralized alternatives to traditional finance and internet platforms. Market forces such as growing institutional interest, regulatory clarity, and technological maturation favor Ethereal Ventures’ focus. The firm influences the broader ecosystem by seeding foundational protocols and platforms that enable new economic models and digital sovereignty globally[1][3][4].

Quick Take & Future Outlook

Looking ahead, Ethereal Ventures is positioned to deepen its impact as blockchain adoption expands across industries. Trends like Layer 2 scaling, cross-chain interoperability, decentralized identity, and AI integration will likely shape its investment focus. The firm’s close ties to ConsenSys and Ethereum’s ecosystem provide a strong foundation to support emerging innovations. Ethereal Ventures’ influence is expected to grow as it continues to back pioneering founders and projects that drive the next phase of the decentralized internet, reinforcing its role as a key catalyst in the crypto venture capital landscape[1][3][5].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Ethereal Ventures integrates closely with ConsenSys, enabling a team-based approach that leverages deep technical expertise and ecosystem connections.
Network Strength: Backed by Joseph Lubin’s reputation and ConsenSys’ extensive network, the firm offers unparalleled access to blockchain innovators and industry leaders.
Track Record: With over 55 investments in high-impact crypto projects, Ethereal Ventures has demonstrated strong early-stage support in the blockchain sector.
Operating Support: Beyond capital, the firm provides strategic guidance, technical support, and ecosystem integration to accelerate portfolio companies’ growth.
Focus on Permissionless Networks: The fund prioritizes projects that enhance decentralization, sovereignty, and community ownership, aligning with emerging blockchain trends[1][3][4].