MetaWeb Ventures, a NYC-based global venture capital firm focused on pre-seed and seed investments in crypto startups, launched its first fund, with total capital commitments of $30m USD.
LPs in the Fund include NEAR Foundation, Sequoia China, Dragonfly Capital, GSR Markets, Octopus Network, SevenX, Mentha Partners, as well as notable entrepreneurs such as NEAR’s co-founder Illia Polosukhin, Matrix China’s co-founder Bo Shao, Alchemy Pay’s founder Shawn Shi, Dodo’s co-founder Mark Wang, and more.
Led by crypto veterans Amos Zhang and Dani Osorio, MetaWeb is focused on supporting developers and researchers building the future of Web3. The fund The Fund will primarily invest in the decentralized social media, DeFi, gaming, infrastructure, and DAO verticals. It has been operating in stealth mode over the past few months and has already invested in 33 startups. Most notably, MetaWeb invested in Orderly, Niche, CornerstoneDAO, Sender Wallet, Kino, and Play3.
Zhang is a serial entrepreneur who has run startups in blockchain and SaaS with multiple successful exits. Before joining MetaWeb, he ran Global Marketing and was the GM for Asia at NEAR Protocol. Osorio has spent over 15 years at high growth start-ups; before joining MetaWeb she co-founded an NFT Infrastructure start-up, led Developer Ecosystem at NEAR Protocol, and was a Director at Infura/Consensys. She volunteers as Head of Content at crypto festival EthDenver, as well as sits on the boards of SporkDAO and the CypherPunk Guild.
Today, MetaWeb Ventures has a team of 9 across New York, Denver, Shanghai, Hangzhou, Hong Kong, and Lisbon.
A second fund will follow in 2023.