FTX 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)
Oct 1, 2025	Flai	$5.0M Seed	—	305 Ventures, Andreessen Horowitz, Banana Capital, Mark Kahn, Double Prime LLP, First Round Capital, MS&AD Ventures, Passion Capital, Precursor Ventures, S28 Capital, SV Angel, Y Combinator, Michael Pennington, Saxon Baum
Sep 1, 2025	Alex AI	$17.0M Series A	—	1984 Ventures, 305 Ventures, Andreessen Horowitz, Banana Capital, Mark Kahn, First Round Capital, Liquid 2 Ventures, MS&AD Ventures, Precursor Ventures, Soma Capital, SV Angel, Verified Capital, Y Combinator, Arash Ferdowsi, Paul Graham, Saxon Baum
Sep 1, 2025	CuspAI	$100.0M Series A	—	ARCH Venture Partners, Basis Set Ventures, F-Prime Capital Partners, General Catalyst, Hoxton Ventures, Lightspeed Venture Partners, Lux Capital, Mubadala, Brooke Seawell, New Enterprise Associates, Northzone, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Mandeep Singh, Scott Belsky
Aug 1, 2025	Pylon	$31.0M Series B	—	Andreessen Horowitz, ARCH Venture Partners, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Conversion Capital, Conviction Partners, Daffy, Endure Capital, Fifth Wall, FINTOP Capital, Fort Ross Ventures, Founders Fund, F-Prime Capital Partners, FTAC Ventures, General Catalyst, Lux Capital, Mubadala, QED Investors, Ravelin Capital, The Hit Forge, Village Global, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky, Zak Kukoff
Aug 1, 2025	Vigil Labs	$6.0M Seed	—	Kevin Hartz, A* Capital (A Star Capital), Alt Capital, Browder Capital, Dragonfly Capital Partners, Founders Fund, Long Journey Ventures, Meritech Capital Partners, Mischief Venture Capital, Pantera Capital, Redpoint Ventures, Ribbit Capital, Saga, Summit Partners, TCV, The Hit Forge, Christina Cacioppo, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Max Mullen, Parker Conrad, Scott Belsky, Sean Rad, Siqi Chen
Jul 1, 2025	Sundial	$23.0M Series A	—	Accel, Alt Capital, Bee Partners, Blue Bear Capital, Browder Capital, Contrary Capital, Jenny Fielding, Scott Hartley, Founders Fund, Freestyle Capital, Lightspeed Venture Partners, Meritech Capital Partners, Mischief Venture Capital, Next Play Ventures, Operator Collective, Redpoint Ventures, Saga, Sequoia Capital, South Park Commons, Summit Partners, Sutter Hill Ventures, TCV, The Hit Forge, UP.Partners, Vela Partners, Webb Investment Network, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, Bradley Horowitz, Christina Cacioppo, Deborah Liu, Dharmesh Shah, DJ Patil, Don Dodge, Drew Houston, Dylan Field, Elad Gil, Fidji Simo, Howie Liu, Immad Akhund, Jason Lemkin, Jonathan Neman, Jonathan Wasserstrum, Joshua Reeves, Julian Shapiro, Justin Mateen, Koen Bok, Kyle Vogt, Marc Benioff, Max Mullen, Parker Conrad, Sahin Boydas, Sam Altman, Scott Belsky, Scot Wingo, Sean Rad, Shishir Mehrotra, Siqi Chen, Tobias Lutke
Jul 1, 2025	XMTP	$20.0M Series B	—	Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Awesome People Ventures, Bailhe, Batalion Capital, Broadstone, Capital Factory, Form Capital, Haun Ventures, HawksHead Capital, IDEO CoLab Ventures, Lightspeed Venture Partners, Multicoin Capital, Not Boring Capital, Ben Huh, Pantera Capital, Pharos Capital Group, Redpoint Ventures, Robot Ventures, Scalar Capital, Sequoia Capital, Seven Seven Six, Sound Ventures, The Hit Forge, Timespan Ventures, Todd and Rahul's Angel Fund, Union Square Ventures, Wave Financial, White Loop Capital, Anthony Pompliano, Balaji Srinivasan, Bobby Goodlatte, Chris Kurdziel, Courtney Guertin, Ethan Beard, Fernando Martinelli, Itamar Lesuisse, Jess Sloss, Joe Stump, Michael Dunworth, Narendra Rocherolle, Paul Stamatiou, Reggie James, Ricky Engelberg, Scott Belsky, Shishir Mehrotra, Stani Kulechov, Tegan Kline, William Boebel
Jun 1, 2025	Harmony (tryharmony.ai)	$2.0M Seed	—	Alt Capital, Browder Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Founders Fund, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Meritech Capital Partners, Mischief Venture Capital, Otherwise Fund, Redpoint Ventures, Saga, Spark Capital, Summit Partners, SV Angel, TCV, The Hit Forge, Theory Forge Ventures, Y Combinator, Azeem Azhar, Ben Tossell, Christina Cacioppo, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Kulveer Taggar, Mathilde Collin, Max Mullen, Parker Conrad, Paul Graham, Paul Stahura, Scott Belsky, Sean Rad, Siqi Chen, Thijn Lamers
Jun 1, 2025	Crosby	$6.0M Seed	—	Alt Capital, Jana Messerschmidt, Browder Capital, Curie.Bio, Factor[e] Ventures, Founders Fund, IVP, Khosla Ventures, Kleiner Perkins, Meritech Capital Partners, Mischief Venture Capital, Operator Partners, Pareto Holdings, Redpoint Ventures, Saga, Sequoia Capital, Summit Partners, TCV, The Hit Forge, Yext, Balaji Srinivasan, Christina Cacioppo, Dharmesh Shah, Dylan Field, Elad Gil, Eric Wu, Fidji Simo, Gokul Rajaram, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Karim Atiyeh, Max Mullen, Parker Conrad, Patrick Collison, Scott Belsky, Sean Rad, Siqi Chen, Tony Xu
Jun 1, 2025	Clay	$100.0M Series C	—	Alt Capital, Browder Capital, Founders Fund, Meritech Capital Partners, Mischief Venture Capital, Pack Ventures, Redpoint Ventures, Saga, Sapphire Ventures, Summit Partners, TCV, The Hit Forge, Thomson Reuters Ventures, Tribe Capital, Christina Cacioppo, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Max Mullen, Parker Conrad, Scott Belsky, Sean Rad, Siqi Chen
May 1, 2025	Owner	$120.0M Series C	—	AirAngels, Alt Capital, Alumni Ventures, Antler, Balderton Capital, Better Tomorrow Ventures, Blu Venture Investors, Browder Capital, C2 Investment, Caffeinated Capital, Citi Ventures, Conversion Capital, CP Ventures, FJ Labs, Footprint Coalition, Forgepoint Capital, Foundation Capital, Founders Fund, Hercules Capital, Ignition Partners, Jetstream, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Meritech Capital Partners, Mischief Venture Capital, Montage Ventures, Oyster Ventures, Pareto Holdings, Redpoint Ventures, Roble Ventures, Saga, Sapphire Ventures, Sequoia Capital, Summit Partners, Susa Ventures, TCV, TechAviv Founder Partners, The Hit Forge, True Ventures, Y Combinator, Aaron Levie, Adam D'Angelo, Amjad Masad, Azeem Azhar, Christina Cacioppo, Claire Hughes Johnson, Dharmesh Shah, Dylan Field, Fidji Simo, Gokul Rajaram, Hippolyte Genet, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Kyle Vogt, Larry Summers, Mark Gillespie, Matt Macinnis, Max Mullen, Nik Sharma, Parker Conrad, Sagi Paz, Scott Belsky, Sean Rad, Siqi Chen, William Hockey
May 1, 2025	Wander	$50.0M Series B	—	Adapt Ventures, Alt Capital, Alumni Ventures, Authentic Ventures, BoxGroup, Browder Capital, Capital Factory, CapitalX, Clear Ventures, Fifth Wall, Foundation Capital, Founders Fund, FPV Fund, Infinite Niches, Kepler Operator’s Fund, Meritech Capital Partners, Mischief Venture Capital, NextView Ventures, Not Boring Capital, Offline Ventures, Paradox Capital, Pareto Holdings, Predictive VC, Prosperity7 Ventures, Redpoint Ventures, Saga, SRB Ventures, Summit Partners, TCV, The Hit Forge, Thirty Five Ventures, Trinity Ventures, Uncork Capital, Adam Guild, Cherian Mathew, Christina Cacioppo, Cory Levy, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Max Mullen, Parker Conrad, Priyank Chandra, Quinn Slack, Rich Miner, Scott Belsky, Scot Wingo, Sean Rad, Siqi Chen
Mar 1, 2025	Flex	$25.0M Series A	—	305 Ventures, Ahead VC, Amplify.LA, Andreessen Horowitz, Banana Capital, Mark Kahn, Bullpen Capital, First Round Capital, Gotham Gal Ventures, MS&AD Ventures, Jeff Richards, Positive Sum VC, Precursor Ventures, Resolute Ventures, SV Angel, Umami Capital, Y Combinator, Dave Pell, Greg Schroy, John M. Mueller, Saxon Baum
Mar 1, 2025	Vovana	$500K Seed	—	ARCH Venture Partners, Family Office, F-Prime Capital Partners, General Catalyst, Lux Capital, Mubadala, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky
Feb 1, 2025	Acki Nacki	$6.0M Venture Round	—	Hack VC, Alex Pack, Peter Smith
Jan 1, 2025	Clay	$40.0M Series B	—	Alt Capital, Asylum Ventures, Browder Capital, Electric Capital, Founders Fund, LaFont, Meritech Capital Partners, Mischief Venture Capital, Pareto Holdings, Redpoint Ventures, Saga, Sapphire Ventures, Stellar Capital, Summit Partners, TCV, The Hit Forge, Christina Cacioppo, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Max Mullen, Parker Conrad, Scott Belsky, Sean Rad, Siqi Chen
Dec 1, 2024	Dopl Technologies	$2.0M Seed	—	305 Ventures, Andreessen Horowitz, Banana Capital, Mark Kahn, Chingona Ventures, First Round Capital, MS&AD Ventures, Precursor Ventures, SV Angel, Techstars, Y Combinator, Saxon Baum
Nov 1, 2024	SwiftConnect	$37.0M Series B	—	Fifth Wall, Ironspring Ventures, Navitas Capital, Zacua Ventures
Oct 1, 2024	Nitro Labs	$4.0M Seed	—	Ajit Tripathi
Oct 1, 2024	Document Crunch	$22.0M Series B	—	Accel, Crosscut Ventures, Vivek Patel
Sep 1, 2024	DeltaStream	$15.0M Series A	—	General Catalyst, New Enterprise Associates
Sep 1, 2024	GC Therapeutics	$65.0M Series A	—	ARCH Venture Partners, F-Prime Capital Partners, General Catalyst, Lux Capital, Mubadala, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky
Sep 1, 2024	PuffPaw	$6.0M Seed	—	Abstract Ventures, Multicoin Capital, Polychain Capital, Race Capital, SeaX Ventures, True Ventures, Jon Kol, Lyndon Rive
Aug 1, 2024	Pylon	$17.0M Series A	—	Andreessen Horowitz, ARCH Venture Partners, Bain Capital Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, Conversion Capital, Conviction Partners, Craft Ventures, Daffy, Endure Capital, Fifth Wall, FINTOP Capital, Fort Ross Ventures, Founders Fund, F-Prime Capital Partners, FTAC Ventures, General Catalyst, Lainy, Lux Capital, Mubadala, QED Investors, Ravelin Capital, Sarah Smith Fund, The Hit Forge, Village Global, Y Combinator, Arash Ferdowsi, Balaji Srinivasan, Eoghan McCabe, Karim Atiyeh, Scott Belsky
Aug 1, 2024	Windsurf	$150.0M Series C	—	Accel, Amplify Partners, C2 Investment, Cedar Capital Group, Coatue, Craft Ventures, foobar.vc, Founders Fund, General Catalyst, Goat Capital, Greenoaks Capital, Hanabi Capital, Index Ventures, Kleiner Perkins, Matrix, Outcast Ventures, Spark Capital, Verified Capital, Visionaries Club, Adam D'Angelo, Bradley Horowitz, Charlie Cheever, Chris Murphy, Christian Reber, Drew Houston, Dylan Field, Greg Brockman, Mike Krieger, Scott Belsky

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at FTX Ventures.

Leadership Team

Key people at FTX Ventures.

Deep Dive

FTX Ventures was a venture capital fund launched by the cryptocurrency exchange FTX in 2022 with a $2 billion capital commitment. Its mission was to propel innovation in the digital asset, blockchain, and Web3 ecosystem by investing broadly across crypto, fintech, gaming, social, software, and occasionally healthcare sectors. The fund aimed to support founders with flexible capital, investing in equity and tokens at any stage without imposing rigid constraints, leveraging FTX’s extensive industry expertise and network to provide strategic operational support. FTX Ventures backed over 69 deals, including 5 unicorns like Near Protocol and Aptos, helping to accelerate the growth of blockchain startups and the broader crypto ecosystem[1][4][7].

FTX Ventures was founded in 2022 as part of FTX’s broader expansion into venture capital under the leadership of Sam Bankman-Fried and key partners such as Amy Wu (formerly of Lightspeed Venture Partners). The fund emerged from FTX’s vision to advance blockchain adoption and Web3 innovation, with a particular focus on gaming as a major growth area. It quickly built a portfolio of investments in crypto infrastructure, gaming, and fintech startups, leveraging FTX’s global network and capital resources. However, the fund ceased operations following FTX’s bankruptcy filing in late 2022 amid allegations of massive fraud by its leadership[1][4][6].

Core Differentiators

Flexible Investment Model: Invested in equity and tokens at any stage and check size, with a long-term horizon and minimal bureaucratic hurdles for founders[7].
Strong Network: Leveraged FTX’s global ecosystem and strategic partnerships to provide portfolio companies with market insights, operational guidance, and access to capital[1][3].
Track Record: Participated in 69 deals with 10 successful exits and 5 unicorns, demonstrating strong early success in identifying high-potential blockchain projects[1].
Focus on Emerging Sectors: Emphasized Web3 gaming, fintech, and social applications, sectors poised for rapid growth and mainstream adoption[4].

Role in the Broader Tech Landscape

FTX Ventures rode the wave of blockchain and Web3 innovation, capitalizing on the growing interest in decentralized finance, NFTs, and crypto gaming. The timing was significant as the crypto market was expanding rapidly, and institutional capital was increasingly flowing into digital assets. By backing foundational infrastructure and consumer-facing blockchain projects, FTX Ventures aimed to accelerate the mainstream adoption of crypto technologies. Its investments helped shape the startup ecosystem around digital assets, fostering innovation and competition. However, the fund’s influence was abruptly curtailed by FTX’s collapse, which sent shockwaves through the crypto industry and raised questions about governance and risk in crypto venture capital[1][4][6].

Quick Take & Future Outlook

With FTX Ventures currently non-operational due to FTX’s bankruptcy and legal fallout, its future is uncertain. The fund’s ambitious vision to back transformative blockchain startups remains relevant, but the collapse of its parent company has left a void in crypto venture capital. Moving forward, other venture funds and institutional investors are likely to fill this gap, continuing to support the sectors FTX Ventures championed, such as Web3 gaming and decentralized finance. The lessons from FTX’s rise and fall will shape how crypto venture capital operates, emphasizing stronger governance and transparency. The legacy of FTX Ventures lies in its early bets on key blockchain projects that continue to influence the digital asset landscape[1][6][8].

Sources

Core Differentiators

Flexible Investment Model: Invested in equity and tokens at any stage and check size, with a long-term horizon and minimal bureaucratic hurdles for founders[7].
Strong Network: Leveraged FTX’s global ecosystem and strategic partnerships to provide portfolio companies with market insights, operational guidance, and access to capital[1][3].
Track Record: Participated in 69 deals with 10 successful exits and 5 unicorns, demonstrating strong early success in identifying high-potential blockchain projects[1].
Focus on Emerging Sectors: Emphasized Web3 gaming, fintech, and social applications, sectors poised for rapid growth and mainstream adoption[4].