Grasshopper Capital

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)
Feb 1, 2024	Inco	$5.0M Seed	—	A Capital, Accel, Andreessen Horowitz, Angel investor, Artichoke Capital, Borderless Capital, Divergence Ventures, Dragonfly Capital Partners, Next Frontier Capital, Pioneer Fund, Polygon, Primitive Ventures, Robot Ventures, Symbolic Capital, Spencer Noon, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, David Hoffman, George Burke, Mariano Conti, Zak Cole
Jan 1, 2024	Heart Aerospace	$110.0M Series B	—	01 Advisors, Alumni Ventures, Bascom Ventures, Breakthrough Energy Ventures, Sophie Bakalar, EQT Ventures, Galaxy Digital, Gigascale Capital, Javelin Venture Partners, Join Capital, Lowercarbon Capital, Sand Hill Angels, WestCap, Ryan Tedder
Dec 1, 2023	Candlestick.io	$1.0M Seed	—	Accel, AirAngels, Andreessen Horowitz, Boost VC, DCM, Dragonfly Capital Partners, General Catalyst, Golden Ventures, Hambro Perks, Next Frontier Capital, Norwest Venture Partners, Primitive Ventures, Robot Ventures, SignalFire, Variant, Y Combinator, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, Bradley Horowitz, Michael Whitfield
Oct 1, 2023	Layer	$3.0M Seed	—	01 Advisors, Alumni Ventures, Bascom Ventures, Galaxy Digital, Javelin Venture Partners, Sand Hill Angels, WestCap, Ryan Tedder
Sep 1, 2023	Dragos	$74.0M Series D	—	01 Advisors, Alumni Ventures, Bascom Ventures, Galaxy Digital, Javelin Venture Partners, Sand Hill Angels, WestCap, Ryan Tedder
Feb 1, 2023	InfluxData	$51.0M Series E	—	Accomplice, Battery Ventures, Boldstart Ventures, Citi Ventures, Comcast Ventures, Costanoa Ventures, Cyberstarts VC, Dell Technologies Capital, Heavybit, Lightspeed Venture Partners, Mango Capital, Norwest Venture Partners, Salesforce Ventures, Sapphire Ventures, Softbank Group, U.S. Department Of Defense, Bradley Horowitz, Shivon Zilis
Nov 1, 2022	Mirage	$1.0M Seed	—	Accel, Adjacent, AirAngels, Andreessen Horowitz, Dragonfly Capital Partners, Kleiner Perkins, Next Frontier Capital, Pareto Holdings, Primitive Ventures, Robot Ventures, Sequoia Capital, Spencer Noon, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, Antoine Martin, Jared Leto, Julie Zhuo, Mike Krieger, Mike Vernal, Broadway Angels
Aug 1, 2022	RISC Zero.	$12.0M Seed	—	Accel, AirAngels, Andreessen Horowitz, Archetype, Audacity, Awesome People Ventures, Bain Capital Crypto, Battery Ventures, Chapter One Ventures, CoinFund, Divergence Ventures, Dragonfly Capital Partners, East West Ventures EWV, Electric Ant, Electric Capital, Ethereal Ventures, Future Perfect Ventures, Hack VC, Hashed, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Nascent, Next Frontier Capital, Not Boring Capital, Polygon, Primitive Ventures, Robot Ventures, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, Sound Ventures, Todd and Rahul's Angel Fund, Spencer Noon, Version One Ventures, Weekend Fund, WPP Ventures, Adam Jackson, Aleksander Leonard Larsen, 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, Tekin Salimi, Thomas Vu, Trevor McFedries, Tyler Scott Ward
Jul 1, 2022	Innoviti	$25.0M Series D	—	01 Advisors, Accel, Alumni Ventures, Bascom Ventures, Bessemer Venture Partners, Galaxy Digital, Javelin Venture Partners, Sand Hill Angels, WestCap, Ryan Tedder
Jun 1, 2022	Warren Investimentos	$21.0M Series C	—	Accomplice, Boldstart Ventures, Citi Ventures, Comcast Ventures, Heavybit, Salesforce Ventures, Sapphire Ventures, Softbank Group, U.S. Department Of Defense
May 1, 2022	Innoviti	$10.0M Series D	—	01 Advisors, Alumni Ventures, Bascom Ventures, Galaxy Digital, Javelin Venture Partners, Sand Hill Angels, WestCap, Ryan Tedder
May 1, 2022	Viable	$5.0M Seed	—	01 Advisors, Kevin Hartz, Alumni Ventures, Bascom Ventures, Rexhep Dollaku, TJ Nahigian, B Capital Group, Construct Capital, Cota Capital, Craft Ventures, Electric Capital, Fifth Wall, Flex Capital, Galaxy Digital, Javelin Venture Partners, M13, Prime Movers Lab, Race Capital, Sand Hill Angels, Sparrows, Streamlined Ventures, WestCap, Ben Davenport, Jacqueline Reses, Ryan Tedder, Tikhon Bernstam
May 1, 2022	byrd	$56.0M Series C	—	305 Ventures, Blockchain Capital, Blockchain.com Ventures, Inovo VC, Market One Capital, Mouro Capital, VentureFriends
Apr 1, 2022	Hour One	$20.0M Series A	—	01 Advisors, 20VC, Alumni Ventures, Bascom Ventures, Cedar Capital Group, Galaxy Digital, Horizon Capital, Innovation Endeavors, Insight Partners, Javelin Venture Partners, Kindred Ventures, Matias Ventures, NFX, Propel Venture Partners, Remagine Ventures, Sand Hill Angels, State of Mind Ventures, TLV Partners, WestCap, Biz Stone, Claire Diaz-Ortiz, Dhaval Chadha, Felipe Feffer, Gil Hirsch, Itai Elizur, Joey Low, Ryan Tedder, Tom Blomfield
Apr 1, 2022	MoonPay	$87.0M Series A	—	01 Advisors, Alumni Ventures, Angel investor, Bain Capital, Banana Capital, Bascom Ventures, B Capital Group, BITKRAFT Ventures, Bullpen Capital, Casa Verde Capital, Coelius Capital, Galaxy Digital, General Catalyst, Greenfield One, Javelin Venture Partners, K2 Global, Kaszek Ventures, Khosla Ventures, Kleiner Perkins, LAUNCH, LGF, LOI Venture, Mayfield, Mechanism Capital, Liza Landsman, Sheila Lirio Marcelo, Panache Ventures, Pioneer Fund, Prithvi Ventures, RET Ventures, Ribbit Capital, Sand Hill Angels, SOSV, Sound Ventures, Thomas Pentz, Tiger Global Management, Tribe Capital, Visionaire Ventures, WestCap, XFactor Ventures, Zeno Ventures, Ahmir Khalib Thompson, Anthony Saleh, Carmelo Anthony (Melo7 Tech Partners), Gwyneth Paltrow, James Corden, Jeff Bezos, Lev Ekster, Marc Benioff, Marcos Galperin, Othman Laraki, Paul George, Ryan Tedder, Sebastien Borget, Shaquille O'Neal, Steve Aoki, Trevor McFedries
Mar 1, 2022	Rapid	$150.0M Series D	—	Accomplice, Allegion Ventures, Altair Capital Management, Andreessen Horowitz, Bessemer Venture Partners, Boldstart Ventures, Citi Ventures, Comcast Ventures, Grove Ventures, Heavybit, Journey Ventures, M12, R136 Ventures, Salesforce Ventures, Sapphire Ventures, Snowflake Ventures, Softbank Group, SoftBank Investment Advisers, State of Mind Ventures, SV Angel, Trucks Venture Capital, Unusual Ventures, U.S. Department Of Defense, Jacques Benkoski, Vintage Investment Partners, Viola Ventures, Y Combinator, YL Ventures, Zeev Capital, Aaron Rosenson, Frederic Kerrest, George Kurtz, Guy Resheff, Ran Makavy
Mar 1, 2022	Yuga Labs	$450.0M Seed	—	Kevin Hartz, Accel, Ambridge Capital, Andreessen Horowitz, Animoca Brands, Audrey Capital, BITKRAFT Ventures, Blockchain Founders Fund, Casa Verde Capital, Comal Ventures, Defy Partners, Dragonfly Capital Partners, GAMEGROOVE Capital, Geek Ventures, Goat Capital, Jazz Venture Partners, Lightspeed Venture Partners, Long Journey Ventures, MaC Venture Capital, Montauk Ventures, NEO, Jonathan Golden, Next Frontier Capital, NextView Ventures, Pareto Holdings, Preston-Werner Ventures, Presto Ventures, Primitive Ventures, REMUS Capital, Robot Ventures, Seven Seven Six, SignalFire, Spring Capital, Sunset Ventures, Talis Capital, Uncork Capital, Union Square Ventures, Spencer Noon, Wealthing VC Club, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, Anne Wojcicki, Artur Sychov, Biz Stone, Brian Corrigan, Emil Lee, Gautam Shah, George Morrison, Hubert Thieblot, Jared Leto, John M. Mueller, Kaarel Kotkas, Kevin Hart, Kevin Lin, Mathieu Guerville, Peter Vesterbacka, Riccardo Zacconi, Sahin Boydas, Sebastian Knutsson, Sebastien Borget, Steve Chen, Troy Carter, Varsha Rao
Feb 1, 2022	Wallaroo	$25.0M Series A	—	Accomplice, Boldstart Ventures, Citi Ventures, Comcast Ventures, Heavybit, Salesforce Ventures, Sapphire Ventures, Softbank Group, U.S. Department Of Defense
Feb 1, 2022	Genesis Global	$200.0M Series C	—	Accel, Andreessen Horowitz, Dragonfly Capital Partners, Insight Partners, MoreVC, Next Frontier Capital, Primitive Ventures, Robot Ventures, True Ventures, Spencer Noon, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, Ariel Maislos
Dec 1, 2021	Tipalti	$270.0M Series F	—	01 Advisors, Alumni Ventures, Bascom Ventures, Crosscut Ventures, Freestyle Capital, Galaxy Digital, Javelin Venture Partners, Sand Hill Angels, WestCap, Ryan Tedder
Dec 1, 2021	Nansen	$75.0M Series B	—	1confirmation, Abstract Ventures, Kevin Hartz, Accel, Andreessen Horowitz, Atomico, Craft Ventures, Cyberstarts VC, Dragonfly Capital Partners, Electric 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
Oct 1, 2021	Manta Network	$6.0M Seed	—	Accel, Alchemy Ventures, Andreessen Horowitz, Dragonfly Capital Partners, Founders Fund, Lightspeed Venture Partners, Next Frontier Capital, ParaFi Capital, Primitive Ventures, Robot Ventures, The Hit Forge, Spencer Noon, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, Anthony Pompliano
Aug 1, 2021	Mythical Games	$150.0M Series C	—	01 Advisors, Alumni Ventures, Bascom Ventures, Galaxy Digital, Javelin Venture Partners, Sand Hill Angels, WestCap, Ryan Tedder, Alain Hanover, Altair Capital Management, Andreessen Horowitz, Balaji Srinivasan, Benchmark, Bob Lee, Bow Capital, Brighter Capital, C2 Investment, Cake Ventures, Chad Nitschke, Christian Bach, Christian Reber, Crosscut Ventures, Electric Ant, Evan Cheng, First Round Capital, Flybridge Capital Partners, FPV Fund, Fredrik Björk, Freestyle Capital, Gaingels, Intel Capital, Jenny Fielding, Jeremy Zimmer, Koen Bok, Laconia Capital Group, Leonardo DiCaprio, Louis Beryl, Marc Benioff, Montage Ventures, Otherwise Fund, Patron, Preston-Werner Ventures, Ran Makavy, Resonado, SciFi VC, Scott Hartley, SmartStart Fund, Social Starts, Sound Ventures, Stage 2 Capital, Susa Ventures, Third Prime, Twenty Seven Ventures, Vishal Rao, Voyager Ventures, Y Combinator
Aug 1, 2021	LaunchDarkly	$200.0M Series D	—	01 Advisors, 75 & Sunny, Accel, Accomplice, Acrew Capital, AIX Ventures, AllerFund, Altimeter Capital, Amity Ventures, Atreides Management, B Capital Group, Bessemer Venture Partners, Bloomberg Beta, Boldstart Ventures, Bonfire Ventures, Boosted Commerce, Bryant Stibel, C2 Investment, Cervin Ventures, Chemistry VC, Citi Ventures, Comcast Ventures, Daffy, Electric Ant, Fifth Wall, First Round Capital, Geek Ventures, Great Oaks Venture Capital, Heavybit, Immeasurable, Insight Partners, LaunchPad, Lead Edge Capital, NewView Capital, Operator Collective, O'Shaughnessy Ventures, Pelion Venture Partners, Positive Sum VC, Quiet Capital, Salesforce Ventures, Sapphire Ventures, Shine Capital, Softbank Group, Susa Ventures, ThirdLove, Threshold Ventures, Top Tier Capital Partners, Torch Capital, Transpose platform, Uncork Capital, U.S. Department Of Defense, Wing Venture Capital, David Dubick, Elie Seidman, Jason Lemkin, Jeffrey Wilke, Jeremy Zimmer, Josh Yguado, Karl Peterson, Michael Ryan Dubin, Michael Stoppelman, Sahin Boydas, Sean Rad
Jul 1, 2021	Zerion	$8.0M Series A	—	305 Ventures, Accomplice VC, Ada Ventures, AirAngels, Alchemy Ventures, Ambush Capital, Andreessen Horowitz, Anthemis Group, Archetype, Asylum Ventures, Audacity, Awesome People Ventures, Battery Ventures, Blockchain Capital, Blockchain.com Ventures, Chapter One Ventures, CoinFund, Divergence Ventures, dlab, Electric Ant, Electric Capital, Ethereal Ventures, Jenny Fielding, Scott Hartley, Fifty Years, Founders Fund, Framework Ventures, Future Perfect Ventures, Hack VC, Hashed, Haun Ventures, Infinity Ventures Crypto, Inflection, Jefferies, Kearny Jackson, Kleiner Perkins, LAUNCHub Ventures, Lightspeed Venture Partners, M34 Capital, Makers Fund, MatterBlock, Mosaic Ventures, Mouro Capital, Nascent, Not Boring Capital, Notion Capital, ParaFi Capital, Passion Capital, Piton Capital, Placeholder, Robot Ventures, SCOR Ventures, #SecretFund, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Solana Ventures, SOSV, Sound Ventures, Susa Ventures, The Hit Forge, Timespan Ventures, Todd and Rahul's Angel Fund, Union Square Ventures, Version One Ventures, Weekend Fund, WPP Ventures, Y Combinator, Aaron Harris, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Andrew Steinwold, Anthony Pompliano, Balaji Srinivasan, Biz Stone, Bo Shao, Brad Holden, Charlie Songhurst, David Nage, Do Kwon, Eric Wu, Imran Khan, James Meekings, Jeff Morris, Jess Sloss, Johnny Boufarhat, Justin Kitch, Jutta Steiner, Luis Cuende, Mariano Conti, Michael Dunworth, Mike Volpe, Nathaniel Whittemore, Regan Bozman, Rene Reinsberg, Richard Laxer, Scott Belsky, Sina Habibi, Stani Kulechov, Steve Weinstein, Tegan Kline, Thijn Lamers, Trevor McFedries, Tyler Scott Ward

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Grasshopper Capital.

Leadership Team

Key people at Grasshopper Capital.

Deep Dive

High-Level Overview

Grasshopper Capital is primarily an investment manager specializing in the growth, adoption, and commercialization of distributed ledger technologies (DLT), including blockchain and cryptoassets. It operates as a cryptocurrency hedge fund with a focus on early-stage investments, particularly in North America and Europe, targeting sectors such as fintech, marketplaces, robotics, real estate, PropTech, Web3, and blockchain. The firm provides flexible working capital financing to Canadian companies by monetizing assets like inventory and accounts receivables, aiming to generate above-market risk-adjusted returns. This approach supports startups and midsize companies by enhancing liquidity and fostering innovation in dislocated industries[1][4][6].

Origin Story

Grasshopper Capital was founded in 2017 by Ari Lewis and Sagar Rambhia and is headquartered in Wilmington, Delaware, with operations extending to Canada. The firm evolved from a cryptocurrency hedge fund into a broader investment manager focused on DLT and blockchain technologies. Its founding partners brought expertise in crypto hedge fund management and venture capital, enabling the firm to execute over 50 deals across technology and healthcare sectors. This evolution reflects a strategic shift toward early-stage investments and operational excellence in disruptive innovations[1][4][7].

Core Differentiators

Unique Investment Model: Focuses on flexible working capital financing by monetizing undervalued assets such as inventory and accounts receivables, targeting dislocated industries for superior risk-adjusted returns[1].
Network Strength: Extensive experience in venture capital and crypto hedge fund sectors, with a track record of high-profile IPOs and acquisitions[1].
Track Record: Over 50 successful deals, emphasizing data-driven and thematic investment strategies centered on disruptive technologies[1].
Operating Support: Provides strategic operational guidance to portfolio companies, leveraging deep expertise in blockchain and fintech sectors[4].
Crypto and Blockchain Focus: Specialized in blockchain and cryptoasset investments, managing a portfolio that includes Bitcoin and Ethereum, with a dedicated crypto hedge fund structure[2][7].

Role in the Broader Tech Landscape

Grasshopper Capital rides the wave of exponential growth in blockchain and distributed ledger technologies, a sector experiencing rapid adoption due to increasing demand for decentralized finance, secure digital transactions, and innovative fintech solutions. The timing is critical as regulatory frameworks mature and institutional interest in cryptoassets grows. By focusing on early-stage investments and flexible financing solutions, Grasshopper Capital influences the startup ecosystem by enabling liquidity and growth in emerging tech sectors, particularly in Canada and North America. Its role extends to shaping the commercial viability of blockchain innovations and supporting the broader digital asset economy[1][4][6].

Quick Take & Future Outlook

Grasshopper Capital is poised to continue expanding its influence in the blockchain and fintech investment space, leveraging its flexible financing model and deep sector expertise. Future trends likely to shape its journey include increased institutional adoption of cryptoassets, regulatory clarity, and the maturation of Web3 technologies. The firm’s ability to provide tailored working capital solutions and strategic support positions it well to capitalize on these trends, potentially broadening its geographic reach and sector focus. As blockchain technologies become more mainstream, Grasshopper Capital’s role as a facilitator of liquidity and innovation will likely deepen, reinforcing its impact on the evolving tech ecosystem[1][4][6].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Focuses on flexible working capital financing by monetizing undervalued assets such as inventory and accounts receivables, targeting dislocated industries for superior risk-adjusted returns[1].
Network Strength: Extensive experience in venture capital and crypto hedge fund sectors, with a track record of high-profile IPOs and acquisitions[1].
Track Record: Over 50 successful deals, emphasizing data-driven and thematic investment strategies centered on disruptive technologies[1].
Operating Support: Provides strategic operational guidance to portfolio companies, leveraging deep expertise in blockchain and fintech sectors[4].
Crypto and Blockchain Focus: Specialized in blockchain and cryptoasset investments, managing a portfolio that includes Bitcoin and Ethereum, with a dedicated crypto hedge fund structure[2][7].