Primitive Ventures

Primitive Ventures is an international venture investment firm that invests on blockchain and cryptocurrency technologies.

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 5, 2026	Opinion Labs	$20.0M Seed	—	Decasonic, Hack VC, Jump Crypto
Jun 1, 2025	Netic	$20.0M Seed	—	10100, 1confirmation, 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, 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
Apr 1, 2025	Persona	$200.0M Series D	—	Abstract Ventures, Alumni Ventures, Amino Capital, Balderton Capital, Bling Capital, C2 Investment, Chemistry VC, Contrary Capital, Kevin Ding, Emil Capital Partners, Founders Fund, Greenoaks Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Motier Ventures, Origins, Outcast Ventures, Quiet Capital, Ribbit Capital, Saga, Tribe Capital, UpHonest Capital, Y Combinator, Curtis Lee, Dylan Field, Elad Gil, Kaushik Subramanian, Matt Bellamy, Mike Vernal, Samvit Ramadurgam, Scott Belsky, Sohail Prasad, Sue Xu, Tony Xu, William Hockey
Mar 1, 2025	GrubMarket	$50.0M Series G	—	AME Cloud Ventures, BITKRAFT Ventures, Brkfst Club, Kevin Ding, FJ Labs, Fusion Fund, Goodwater Capital, Great Oaks Venture Capital, Hardware Club, Jigsaw VC, KRM Interests LLC, Hans Tung, Pegasus Tech Ventures, Tiger Global Management, UpHonest Capital, Nimit Maru
Feb 1, 2025	Codex	$16.0M Seed	—	NFX
Aug 1, 2024	Fabric Cryptography	$33.0M Series A	—	Polygon, SID Venture Partners
May 1, 2024	Plume Network	$10.0M Seed	—	A Capital, Divergence Ventures, Robot Ventures, Symbolic Capital
May 1, 2024	Scale AI	$1.0B Series F	—	Abstract Ventures, Accel, AirAngels, Alt Capital, Alumni Ventures, Amino Capital, Amino Collective, Andreessen Horowitz, Balderton Capital, Battery Ventures, Bling Capital, Breakpoint Capital, C2 Investment, Catapult Capital, Cedar Capital Group, Coatue, CoinFund, Creandum, CRV, Kevin Ding, Divergence Ventures, Dragonfly Capital Partners, FJ Labs, Forerunner Ventures, Founders Fund, Great Oaks Venture Capital, Greenoaks Capital, Greylock, Hanabi Capital, Romero Rodrigues, Helium-3 Ventures, Index Ventures, Innovation Endeavors, IVP, Jigsaw VC, Kleiner Perkins, Lightspeed Venture Partners, Maven Ventures, Menlo Ventures, Multicoin Capital, Outcast Ventures, Pareto Holdings, Polychain Capital, Presight Capital, Quiet Capital, Saga, Scale Venture Partners, Sequoia Capital, Signia Venture Partners, Spark Capital, Stellar Capital, Stellation Capital, Susa Ventures, TMV, Tribe Capital, UpHonest Capital, Upload Ventures, Verified Capital, Y Combinator, Akshay Kothari, Ben Lin, Ben Porterfield, Bobby Lo, Dan Martell, Dylan Field, Elad Gil, Gokul Rajaram, Haroon Mokhtarzada, John Collison, Larry Braitman, Lawrence Braitman, Luis Cuende, Manik Gupta, Mathilde Collin, Matt Bellamy, Mike Vernal, Peter Sonsini, Regan Bozman, Sahin Boydas, Sam Lambert, Samvit Ramadurgam, Scott Belsky, Shane Neman, Sohail Prasad, Stani Kulechov, Stefan George, Sue Xu, Trevor Martin
Mar 1, 2024	FLock.io	$6.0M Seed	—	A Capital, Circle Ventures, Divergence Ventures, (GBIC) Global Blockchain Innovative Capital, MATR Ventures, Robot Ventures, Symbolic Capital, D’Arcy Coolican, Shayne Coplan, Stefan George
Feb 1, 2024	Inco	$5.0M Seed	—	A Capital, Accel, Andreessen Horowitz, Angel investor, Artichoke Capital, Borderless Capital, Divergence Ventures, Dragonfly Capital Partners, Grasshopper Capital, Next Frontier Capital, Pioneer Fund, Polygon, Robot Ventures, Symbolic Capital, Spencer Noon, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, David Hoffman, George Burke, Mariano Conti, Zak Cole
Feb 1, 2024	Superfluid	$5.0M Seed	—	A Capital, Divergence Ventures, Fabric Ventures, Outrun Ventures, Robot Ventures, Speedinvest, Symbolic Capital
Dec 1, 2023	Candlestick.io	$1.0M Seed	—	Accel, AirAngels, Andreessen Horowitz, Boost VC, DCM, Dragonfly Capital Partners, General Catalyst, Golden Ventures, Grasshopper Capital, Hambro Perks, Next Frontier Capital, Norwest Venture Partners, Robot Ventures, SignalFire, Variant, Y Combinator, Aleksander Leonard Larsen, Ameet Patel, Anastasia Andrianova, Bradley Horowitz, Michael Whitfield
Oct 1, 2023	Forge	$11.0M Seed	—	Animoca Brands, Atlantic Bridge University Fund, Oyster Ventures, REMUS Capital, SignalFire, Union Square Ventures, Y Combinator, Arash Ferdowsi, Biz Stone, Jared Leto, Jas Purewal, Justin David Blau, Steve Chen
Sep 1, 2023	Arduino	$22.0M Series B	—	Alumni Ventures, Anzu Partners, Atlantic Bridge University Fund, Breakthrough Energy Ventures, Creative Ventures, Energy Impact Partners, GE Ventures, Lam Research Capital, Lunar Ventures, M12, Samir Kumar, Tuff Yen, Wendell Brooks
Aug 1, 2023	Inworld AI	$56.0M Series A	—	Alumni Ventures, Atlantic Bridge University Fund, Coatue, Greylock, Innovation Endeavors, Lam Research Capital, Lightspeed Venture Partners, M12, Outcast Ventures, Transcend Fund, Eden Chen, Nate Mitchell, Ryan Wyatt, Samir Kumar, Tuff Yen, Wendell Brooks
Aug 1, 2023	Creatify AI	$3.0M Seed	—	Andreessen Horowitz, Atomico, Basis Set Ventures, DCM, Joe Kraus, Infinite Niches, Nokia Growth Partners, Hans Tung, Sarah Smith Fund, UpHonest Capital, Ed Baker, Gabriel Jarrosson, Josh Mohrer, Rashaun Williams
May 1, 2023	Kapital	$24.0M Series A	—	5Y Capital, 8VC, AIX Ventures, Atlantic Bridge University Fund, General Catalyst, Granite Asia, Infinite Capital, Jump Capital, MS&AD Ventures, Carmen Chang, New Enterprise Associates, Paradigm, Pareto Holdings, Plug & Play Ventures, Runa Capital, S28 Capital, Sancus Ventures, Soma Capital, Summit Partners, Tribe Capital, Y Combinator, Arash Ferdowsi, Emmett Shear, Eric Futoran, Kelston Smith, Ravi Grover, Ryan Chan, Shay Banon
May 1, 2023	HiNOTE	$2.0M Seed	—	01 Advisors, 10100, 2048 Ventures, 7percent Ventures, 8VC, AME Cloud Ventures, Andreessen Horowitz, Anorak Ventures, Bain Capital Ventures, Bam Ventures, Better Tomorrow Ventures, Blackbird Ventures Australia, BoxGroup, Breakthrough Energy Ventures, Buckhill Capital, Bullpen Capital, Cleo Capital, Conversion Capital, Cupule Ventures, Daffy, Kevin Ding, DST Global, Endure Capital, Felicis Ventures, Fifth Wall, First Round Capital, FJ Labs, Forum Ventures, Foundation Capital, Founders Fund, FPV Fund, General Catalyst, Gutter Capital, Hardware Club, JetBlue Technology Ventures, Long Journey Ventures, NKM Capital, QED Investors, Quiet Capital, Ravelin Capital, Saga, Seven Seven Six, Sherpalo Ventures, Sound Ventures, Henry Fertik, Susa Ventures, The Hit Forge, The House Fund, Village Global, Winklevoss Capital, Y Combinator, Bradley Horowitz, Gianni Martire, Joshua Reeves, Lily Sarafan, Marc Benioff, Mikhail Seregine, Rashaun Williams, Russell Cook, Scott Banister, Scott Belsky, Shane Neman, Steve Chen, Zak Kukoff
Mar 1, 2023	1X	$24.0M Series A	—	AME Cloud Ventures, BITKRAFT Ventures, Brkfst Club, Kevin Ding, FJ Labs, Fusion Fund, Goodwater Capital, Great Oaks Venture Capital, Hardware Club, Jigsaw VC, KRM Interests LLC, Hans Tung, Pegasus Tech Ventures, Tiger Global Management, UpHonest Capital, Nimit Maru
Feb 1, 2023	Simple HealthKit	$8.0M Series A	—	Abstract Ventures, Alumni Ventures, Amino Capital, Bling Capital, C2 Investment, Kevin Ding, Founders Fund, Greenoaks Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Quiet Capital, Saga, Tribe Capital, UpHonest Capital, Y Combinator, Elad Gil, Matt Bellamy, Mike Vernal, Samvit Ramadurgam, Sohail Prasad, Sue Xu
Nov 1, 2022	Mirage	$1.0M Seed	—	Accel, Adjacent, AirAngels, Andreessen Horowitz, Dragonfly Capital Partners, Grasshopper Capital, Kleiner Perkins, Next Frontier Capital, Pareto Holdings, 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
Sep 1, 2022	Verkada	$210.0M Series D	—	Abstract Ventures, Accel, Alumni Ventures, Amino Capital, Andreessen Horowitz, Balderton Capital, Bling Capital, C2 Investment, Catapult Capital, Coelius Capital, Kevin Ding, Jenny Fielding, Scott Hartley, Felicis Ventures, First Round Capital, Flexcap, Flex Capital, Force Over Mass Capital, Founders Fund, Goat Capital, Greenoaks Capital, Helium-3 Ventures, Jigsaw VC, Kleiner Perkins, Menlo Ventures, Meritech Capital Partners, Msd Capital, Next47, Quiet Capital, Saga, Summit Partners, Systemiq Capital, Target Partners, Tribe Capital, Uncork Capital, UpHonest Capital, Vibe Capital, Y Combinator, Elad Gil, Errol Damelin, Ilya Golubovich, Immad Akhund, Kirill Makharinsky, Matt Bellamy, Michael Staton, Roger Dickey, Samvit Ramadurgam, Sohail Prasad, Sue Xu
Aug 1, 2022	Inworld AI	$50.0M Series A	—	Kevin Hartz, Alumni Ventures, Amplify Partners, Andreessen Horowitz, Atlantic Bridge University Fund, CRV, Founders Fund, Innovation Endeavors, Intel Capital, Khosla Ventures, Kleiner Perkins, KRM Interests LLC, Lam Research Capital, Lightspeed Venture Partners, Lux Capital, M12, Morpheus Ventures, Noga Yerushalmi, Ravelin Capital, Sanofi Ventures, Section 32, TenOneTen Ventures, Transcend Fund, Vertex Ventures Israel, Village Global, XYZ Venture Capital, Chris Murphy, Chuck Eesley, Eden Chen, Kevin Lin, Nate Mitchell, Ryan Wyatt, Samir Kumar, Scott Belsky, Sebastien Borget, Sigalit Klimovsky, Tuff Yen, Wendell Brooks
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, Grasshopper Capital, Hack VC, Hashed, Infinity Ventures Crypto, Kearny Jackson, Kleiner Perkins, M34 Capital, Makers Fund, Nascent, Next Frontier Capital, Not Boring Capital, Polygon, 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
May 1, 2022	TermScout	$5.0M Seed	—	NFX

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Primitive Ventures.

Dovey Wan

Partner

Leadership Team

Key people at Primitive Ventures.

Dovey Wan

Partner

Deep Dive

Primitive Ventures is an international venture investment firm specializing in blockchain and cryptocurrency technologies. Its mission centers on supporting innovative projects that embody the cypherpunk ethos of financial freedom and individual sovereignty, aiming to redefine global socioeconomic paradigms through decentralized technologies. The firm adopts a multi-strategy, thesis-free investment philosophy, focusing on long-term value creation by backing founders and protocols that push the boundaries of blockchain innovation. Key sectors include decentralized finance (DeFi), on-chain economies, and infrastructure that enhance global finance and human coordination. Primitive Ventures has played a significant role in the startup ecosystem by incubating and investing in over 50 high-impact blockchain protocols, fostering the growth of the decentralized economy and empowering new technological paradigms[1][2][3].

Founded in 2018 and headquartered in San Francisco, Primitive Ventures is led by Dovey Wan, a veteran in the crypto industry. The team comprises engineers, builders, and visionaries with diverse expertise ranging from open data and machine learning to protocol security and operations research. The firm operates independently, fully owned by its team without external capital, which allows it to maintain a strong alignment with its mission and founders it supports. The idea behind Primitive Ventures emerged from a deep commitment to the cypherpunk spirit and technolibertarianism, emphasizing financial populism and individual sovereignty. Early traction came through strategic investments in foundational blockchain projects and protocols that have since become influential in the decentralized ecosystem[1][2][7].

Core Differentiators

Unique Investment Model: Thesis-free, multi-strategy approach allowing flexibility to back diverse blockchain innovations.
Network Strength: Led by industry veterans with deep ties to the crypto and blockchain communities.
Track Record: Over 50 investments in significant protocols and on-chain economies, with a focus on long-term value.
Operating Support: Team-owned and operated by experts in technology and blockchain, providing hands-on support to founders.
Ethos Alignment: Strong commitment to cypherpunk values of financial freedom and technolibertarianism, guiding investment choices[1][2][7].

Role in the Broader Tech Landscape

Primitive Ventures rides the wave of blockchain’s transformative potential to decentralize finance and empower individual sovereignty. The timing is critical as blockchain technologies mature and gain mainstream adoption, supported by growing market demand for decentralized financial systems and infrastructure. Market forces such as increasing regulatory clarity, technological advancements, and expanding global digital economies favor the firm’s focus. By investing in foundational protocols and infrastructure, Primitive Ventures influences the broader ecosystem by accelerating the development of primitives—core building blocks that compound network effects in global finance and coordination, thus shaping the future of decentralized technology[1][7].

Quick Take & Future Outlook

Looking ahead, Primitive Ventures is poised to continue its role as a key enabler of blockchain innovation, likely expanding its portfolio to include emerging sectors within Web3, such as decentralized identity, privacy technologies, and cross-chain interoperability. Trends like increasing institutional adoption of crypto assets and the rise of decentralized autonomous organizations (DAOs) will shape its investment journey. The firm’s influence is expected to grow as it supports the next generation of protocols that redefine economic and social structures globally, reinforcing its foundational mission of empowering individual sovereignty through technology[1][2][7].

Sources

Core Differentiators

Unique Investment Model: Thesis-free, multi-strategy approach allowing flexibility to back diverse blockchain innovations.
Network Strength: Led by industry veterans with deep ties to the crypto and blockchain communities.
Track Record: Over 50 investments in significant protocols and on-chain economies, with a focus on long-term value.
Operating Support: Team-owned and operated by experts in technology and blockchain, providing hands-on support to founders.
Ethos Alignment: Strong commitment to cypherpunk values of financial freedom and technolibertarianism, guiding investment choices[1][2][7].