Best VCs for Infrastructure

#3Balder Bomans

Co-Founder

Maven 11 Capital

European crypto investing. DeFi, infrastructure, and zero-knowledge proofs.

22 deals

#4Joe Eagan

Partner

Polychain Capital

Investing in blockchain infrastructure and tokens at Polychain Capital, one of the most prominent crypto-native funds.

9 deals

Variant does not publish a reliable personal check range. Elijah works at the earliest stages, but founders should confirm fund vehicle, allocation, ownership, lead/co-lead appetite, token/equity structure and reserves with the partnership.

#5Olaf Carlson-Wee

Founder & CEO

Polychain Capital

Crypto protocols are the native business model of the internet. Protocol-level investments, governance tokens, cross-chain infrastructure.

9 deals

SeedSeries AToken

#6Elijah Fox

Investment Partner

Variant Fund

Elijah backs technically ambitious founders building new mechanisms, markets and infrastructure. His work joins crypto market design with a widening AI thesis: mature financial systems need expressive

9 deals

No personal or standard ticket is published. Hack VC is an earliest-stage investor and its articles identify the firm as leading rounds at pre-seed, seed and Series A; announced round leadership does not reveal Rodney's individual check authority.

#7Niraj Pant

Partner

Polychain Capital

ZK proofs, privacy infrastructure, developer tooling. Privacy is a fundamental right and crypto's key unsolved problem.

9 deals

#8Rodney Yesep

Partner

Hack VC

Rodney backs technical infrastructure that removes adoption bottlenecks for high-value crypto use cases. His work favors modular, open AI stacks that solve data, compute and availability; stablecoin c

8 deals

No personal check range is publicly disclosed. Hack VC says it partners at the earliest stages across crypto, AI and frontier technology, and the firm led GAIB's seed round; neither the round nor third-party ticket estimates establish Herbie's standard or unilateral check authority.

#9Herbie Fu

Partner

Hack VC

Herbie invests at the intersection of crypto, AI and productive infrastructure. His GAIB thesis treats compute as a scarce commodity that can become an investable, yield-producing on-chain asset, fina

8 deals

Pre-SeedSeedEarliest Stage

#10Jason Yanowitz

Head of Galaxy Interactive

Galaxy Digital

Investing in the future of digital assets and blockchain infrastructure at Galaxy Digital. Also known for founding Blockworks, a leading crypto media company.

8 deals

#11Ed Roman

Managing Partner

Hack VC

Co-founder of Hack VC, focused on deep tech and infrastructure in crypto. Brings a Silicon Valley tech investor perspective to blockchain investing.

8 deals

#12Chris Ferraro

President & Chief Investment Officer

Galaxy Digital

Institutional-grade crypto investment across the full capital structure. Focuses on bridging traditional finance and digital assets.

8 deals

#13Alex Pack

Managing Partner

Hack VC

Infrastructure, DeFi, and AI x crypto. Previously co-led Dragonfly before starting Hack VC.

8 deals

#14Alexander Pack

Managing Partner

Hack VC

Co-founder of Hack VC, investing in crypto infrastructure and developer platforms. Believes the next wave of crypto adoption is driven by better developer tooling and infrastructure.

8 deals

#15Will Nuelle

General Partner, Galaxy Ventures

Galaxy Digital

Invests in crypto infrastructure and DeFi protocols at Galaxy Digital. Focuses on foundational technology that enables the next wave of crypto applications.

8 deals

#16Ian Taylor

Head of Galaxy Digital Research

Galaxy Digital

Growth-stage crypto investing at Galaxy Digital. Focuses on scaling proven crypto businesses and protocols into institutional-grade platforms.

8 deals

Series ASeries BGrowth

#17Christopher Chung

Partner

Hack VC

Investing in crypto infrastructure and emerging protocols at Hack VC. Focuses on technical due diligence and identifying strong engineering teams.

8 deals

#18Fred Ehrsam

Co-Founder & Managing Partner

Paradigm

Protocol-level investments and new financial primitives. Open-source money, programmable economics, governance, mechanism design.

6 deals

Paradigm backs companies from first check through public markets, but neither the firm nor Ricardo publishes his personal check range or decision authority. Portfolio round totals and a historical firm-wide range are not treated as personal allocation evidence.

#19Ricardo de Arruda

Partner, Investing & Research

Paradigm

Ricardo uses large-scale onchain data to distinguish real crypto adoption from activity manufactured by incentives or sybils. He focuses on new ecosystems, user acquisition and retention, token distri

6 deals

Pre-SeedSeedEarly Stage

#20Alpin Yukseloglu

Partner, Investing & Research

Paradigm

Alpin partners with crypto founders and researchers who have strong instincts about the future and the courage to follow them. His work centers on protocol, market, and mechanism design—especially sys

Paradigm says it backs founders at every stage from first check through public markets, but it does not publish Alpin's personal check range or decision authority. A 2024 firm filing described vehicle investments from $1M to $100M or more; that historical firm range is not treated as his current personal range.

6 deals

Pre-SeedSeedEarly Stage

#21Kyle Samani

Co-Founder & Managing Partner

Multicoin Capital

Thesis-driven investing. Crypto as coordination layer for the internet. Fat protocol thesis. Early Solana bull. DePIN evangelist.

6 deals

SeedSeries AToken

#22Storm Slivkoff

Research Partner

Paradigm

Storm evaluates decentralized systems through high-resolution data, reproducible measurement, and open tooling. His work spans Ethereum state and history growth, node performance, market-volume accoun

No personal check range or investment authority is published for Storm. Paradigm invests from first check through public markets, but Storm's official remit is frontier data-science and data-engineering research, not a stated personal allocation range.

6 deals

ResearchTechnical DiligencePortfolio Support

#23Georgios Konstantopoulos

General Partner & CTO

Paradigm

Systems engineering, Ethereum infrastructure, developer tooling. Key contributor to Ethereum Rust ecosystem.

6 deals

#24Caitlin Pintavorn

Venture Partner

Paradigm

Caitlin is a Paradigm venture partner and Stripe zero-to-one strategist whose published investment perspective centers on crypto's ability to improve online coordination and create internet-native eco

No personal check range or decision authority is published. Paradigm invests from first check through public markets, but Caitlin's current collaborator status and the firm's capital base do not establish an individual check size.

6 deals

Paradigm invests at every stage, from first check through public markets. Its fourth fund is $1.2 billion, but neither the firm nor Alana publishes a personal check range; the fund size is therefore not treated as her check authority.

#25Alana Palmedo

Managing Partner

Paradigm

Alana co-leads a research- and builder-led strategy that backs ambitious technical founders from first check through public markets. Paradigm began in crypto and now targets the fastest-moving technol

6 deals

#26Matt Huang

Co-Founder & Managing Partner

Paradigm

Backs transformative crypto protocols and infrastructure. Crypto is the most important tech revolution since the internet.

6 deals

#27Arjun Balaji

General Partner

Paradigm

Crypto market structure, infrastructure, TradFi-DeFi intersection.

6 deals

#28Spencer Applebaum

General Partner, Co-Head of Venture

Multicoin Capital

Solana ecosystem, DeFi, DePIN. High-performance blockchain applications.

6 deals

SeedSeries AVenture

#29Vishal Kankani

Partner

Multicoin Capital

Infrastructure, bridges, interoperability. Cross-chain communication and multi-chain future.

6 deals

#30John Robert Reed

Partner

Multicoin Capital

Web3 social, creator economy, consumer crypto.

6 deals

#31samczsun

Research Partner

Paradigm

Smart contract security, white hat hacking, DeFi security research.

6 deals

#32Doug Feagin

Venture Partner

Paradigm

6 deals

SeedVentureGrowth

#33Matt Shapiro

Partner, Head of Investor Relations

Multicoin Capital

6 deals

SeedSeries AVenture

#34Alexander Nazarov

Co-founder

Hash CIB

Investing in crypto infrastructure and digital assets through Hash CIB, one of Russia/CIS's most established crypto financial firms.

5 deals

No person-specific check size is publicly disclosed. Pantera's published venture approach typically invests from Seed through Series B and aims to lead or co-lead; founders should confirm fit rather than infer a check from third-party databases.

#35Mason Nystrom

Partner

Pantera Capital

Mason is an application-layer investor looking for products that use crypto coordination and ownership to change how large groups of people interact. His work emphasizes stablecoins as global payment

5 deals

No personal or venture-partner check range is published. Blockchain Capital's announced financing rounds and Tare's seed round are transaction sizes, not a reliable proxy for Lucas's individual authority.

#36Lucas Vogelsang

VENTURE PARTNER

Blockchain Capital

Lucas specializes in rebuilding credit and capital markets on shared blockchain infrastructure. His operating record points to tokenized funds, real-world assets, institutional DeFi, and end-to-end le

5 deals

SeedEarly StageProtocol Networks

#37Ren CF

General Partner

Electric Capital

Ren backs deeply technical, trust-minimized systems and the builders who can turn them into usable infrastructure. His work combines protocol security, consensus game theory, smart-contract code analy

Electric Capital's current website publishes a $1M–$15M+ range from pre-seed through Series A; its January 2026 user-owned-technology thesis says it invests $1M–$20M in that theme. No separate personal range is published for Ren.

5 deals

#38Avichal Garg

Managing Partner & Co-Founder

Electric Capital

Developer ecosystems and data-driven investing. Publishes Electric Capital Developer Report.

5 deals

No person-specific check size is publicly disclosed. Pantera's published venture strategy typically spans Seed through Series B and aims to lead or co-lead; Joey's own mandate is DeFi and infrastructure rather than a stated ticket size.

#39Joey Shin

Junior Partner

Pantera Capital

Joey treats blockchain as a permissionless, composable technology stack for programming value and human behavior—not merely a digital copy of traditional finance. He is looking for institutional DeFi

5 deals

No verified personal check-size range is published. Blockchain Capital describes itself as a multi-stage crypto investor; Yuan's public work spans seed-stage selection through later protocol and company support, but no individual allocation authority should be inferred.

#40Dan Morehead

Founder & Managing Partner

Pantera Capital

Crypto fund of funds and early-stage investing. Pioneer crypto VC.

5 deals

#41Yuan Han Li

Partner

Blockchain Capital

Yuan backs crypto-native founders with earned insight, behavioral resilience, learning velocity, and the ability to translate non-consensus ideas into enduring systems. His technical work spans modula

5 deals

No person-specific venture check size is publicly disclosed. Pantera's venture strategy typically invests Seed through Series B, but Paul's public work is primarily macro and digital-asset allocation rather than individual startup ticket guidance.

#42Paul Brodsky

Partner

Pantera Capital

Paul's published case for digital assets starts with monetary adoption: a cryptoasset becomes money only if a critical mass accepts it, but the possibility of that scale can justify a suitable asymmet

5 deals

Liquid Digital AssetsSeedSeries A

#43Mark Beylin

Principal

Haun Ventures

Mark combines smart-contract and token-incentive building experience with early-stage investing. Current evidence favors useful crypto businesses rather than hype, particularly institutional market in

No reliable Mark-specific ticket range is public. Haun invests from seed through scale and announced $1 billion of new early- and later-stage capital in May 2026; the cited first-party pages do not state a standard check.

5 deals

No reliable Mark-specific ticket range is public. Haun invests from seed through scale from two fund families and announced $1 billion of new early- and later-stage capital in May 2026; the firm does not publish a standard ticket on the cited first-party pages.

#44Mark Beylin

Principal

Haun Ventures

Mark combines a builder's understanding of smart contracts and token incentives with early-stage investing. Current evidence points to founders building useful crypto businesses rather than chasing ma

5 deals

Electric Capital publicly advertises firm-level checks of $1M–$15M+ from pre-seed through Series A. No personal range or unilateral authority is disclosed for Geoff, so that firm range should be treated as routing context rather than his individual ticket.

#45Geoff YuHasker

Investor

Electric Capital

Geoff brings mechanism design, computational finance and systems engineering to frontier-technology investing. His work on ad auctions, algorithmic trading, rates derivatives and the SCION internet ar

5 deals

#46Katie Haun

Founder & CEO

Haun Ventures

Crypto regulation, compliance, and institutional adoption. Former DOJ prosecutor.

5 deals

No reliable Chris-specific ticket range is public. Haun invests from seed through scale and announced $1 billion of new early- and later-stage capital in May 2026; round evidence includes leading or co-leading seed, Series A and an $82M growth financing, but round size is not the same as Haun's check.

#47Chris Ahn

Partner

Haun Ventures

Chris backs community-led and crypto-enabled businesses where open technology creates a durable advantage and a credible business model. His work focuses on the infrastructure of globally programmable

5 deals

#48Spencer Bogart

General Partner

Blockchain Capital

Broadly focused crypto investing. One of the longest-tenured crypto VCs.

5 deals

Electric Capital publishes a firm-level $1M–$15M+ range from pre-seed through Series A. Trevor's current page gives no personal check range, deal attribution or mandate detail beyond Investor, so the firm range must not be presented as his individual authority.

#49Trevor Oliver

Investor

Electric Capital

Trevor applies a long quantitative-investing background to Electric's engineer-led frontier-technology mandate. His prior roles across multi-strategy, retirement, institutional asset-management and in

5 deals

#50Paul Veradittakit

Managing Partner

Pantera Capital

Broadly focused crypto VC. One of the most prolific investors in the space.

5 deals

Firm-level: Electric Capital says it generally invests $1M-$50M in early-stage crypto companies and protocols. No personal check authority is public for Thuan.

#51Thuan Le

Partner, Head of Founder Platform

Electric Capital

Thuan leads Electric Capital's Founder Platform rather than presenting a separate public investment thesis. Electric describes the platform as integral to its investment strategy after a decision is m

5 deals

Early Stage

#52Bart Stephens

Co-Founder & Managing Partner

Blockchain Capital

Co-founded Blockchain Capital in 2013, one of the first dedicated crypto funds. Long-term believer in Bitcoin as digital gold and blockchain as transformative infrastructure.

5 deals

#53Curtis Spencer

Managing Partner & Co-Founder

Electric Capital

Co-founder of Electric Capital. Uses data-driven analysis to identify the most promising crypto ecosystems by tracking developer activity and code commits.

5 deals

#54Brad Stephens

Co-Founder & Managing Partner

Blockchain Capital

Co-founded Blockchain Capital alongside his twin brother Bart. Focuses on venture-stage blockchain companies with strong management teams and clear business models.

5 deals

#55Franklin Bi

General Partner

Pantera Capital

Investing in blockchain infrastructure and tokens at Pantera Capital. Focuses on protocol-level investments with long-term value creation potential.

5 deals

#56Sam Rosenblum

Partner

Haun Ventures

Investing in crypto and web3 at Haun Ventures. Focuses on regulatory-aware projects building the next generation of internet infrastructure.

5 deals

#57Maria Shen

Partner

Electric Capital

Investing in crypto infrastructure at Electric Capital. Uses developer activity data and ecosystem analysis to make investment decisions.

5 deals

#58Ken Deeter

Partner

Electric Capital

Investing in crypto infrastructure and developer platforms at Electric Capital. Focuses on projects that expand the crypto developer ecosystem.

5 deals

No person-specific check size is publicly disclosed. Pantera says its venture strategy typically invests Seed through Series B and leads or co-leads; commercial directory estimates were not used.

#59Matt Gorham

Partner

Pantera Capital

Public evidence supports a Pantera-wide, not Matt-specific, mandate: multi-stage blockchain venture and token exposure with follow-on capital for companies that demonstrate product-market fit. Matt's

5 deals

#60Aleks Larsen

Partner

Blockchain Capital

Investing across the crypto stack at Blockchain Capital, one of the oldest crypto-focused funds. Focuses on infrastructure and application layers of blockchain technology.

5 deals

#61Matt Stephenson

Partner

Pantera Capital

Applies rigorous economic theory and mechanism design to crypto investing. Focuses on projects where game theory and incentive alignment are core to the value proposition.

5 deals

#62Rhea Kaw

Principal

Haun Ventures

Investing in web3 and digital assets at Haun Ventures. Focuses on projects at the intersection of crypto, policy, and mainstream adoption.

5 deals

#63Zile Cao

Research Engineer

Blockchain Capital

5 deals

#64Evan Sangaline

Research Engineer

Blockchain Capital

5 deals

No verified personal check-size range is publicly attributed to Jay. His disclosed work includes a16z crypto leading Kairos's $2.5M seed round; that round size is company financing, not Jay's individual allocation authority.

#65Jay Drain Jr.

Investment Partner

a16z crypto

Jay backs consumer and application-layer crypto products that make onchain systems useful to mainstream users. His recent work centers on financial applications as crypto's adoption wedge: wallets bec

4 deals

SeedSeries AEarly Stage

#66Chris Dixon

Founder, Managing Partner

a16z crypto

Chris invests behind blockchains as a new computing and ownership primitive for the internet. His core thesis is that token-enabled networks can align builders, users, and owners; bootstrap network ef

No personal check-size range is published. The official profile's aggregate fund-raising figure and public financing announcements describe firm resources and transactions, not Chris's individual authority or a reliable minimum/maximum check.

4 deals

SeedEarly StageGrowth

#67Guy Wuollet

General Partner

a16z crypto

Guy invests across the crypto stack with a technical focus on infrastructure, DeFi, and decentralized physical infrastructure. He looks for blockchains to coordinate markets that centralized intermedi

No personal check-size range is published. Public seed, Series A, and later financing amounts are company-level transaction sizes and are not a defensible proxy for Guy's individual range or allocation authority.

4 deals

SeedSeries AEarly Stage

#68Haseeb Qureshi

Managing Partner

Dragonfly

Infrastructure, DeFi, and crypto gaming. Clear thinking and good writing.

4 deals

a16z crypto does not publish a reliable personal check range for Liz. Her public deal writing spans seed leadership and large later financings, so founders should confirm vehicle, stage, allocation, ownership target, lead/co-lead role, token/equity structure, and reserves with the team.

#69Elizabeth Harkavy

Investment Partner

a16z crypto

Liz focuses on the picks-and-shovels and decentralized infrastructure that let crypto mature into useful, open economic systems. Her authored investment work emphasizes market infrastructure for incre

4 deals

SeedVentureGrowth

#70Jerry Chen

General Partner

Greylock Partners

Coined the 'Systems of Intelligence' framework in his landmark 2017 blog post 'The New Moats' — the idea that AI and data create competitive advantages by sitting between systems of record (databases)

$500K-$200M (sweet spot ~$25M)

4 deals

No Wei-specific check range is published. 1kx raised a $75M fund in 2024 and says it writes first checks across cycles, but neither fact establishes an individual ticket; founders should use the firm's pitch channel for current sizing.

#71Wei Dai

Research Partner

1kx

Wei invests in the financial and security infrastructure that lets blockchains and autonomous software reduce the cost of trust without sacrificing safety. His work joins deep cryptography with ventur

4 deals

#72Ali Yahya

General Partner

a16z crypto

AI x crypto intersection, decentralized compute, infrastructure. Believes in AI-blockchain convergence.

4 deals

#73Tom Shaughnessy

Co-Founder & Managing Partner

Delphi Ventures

DeFi research, crypto analytics, and investment analysis. Co-founded Delphi Digital.

4 deals

#74Daren Matsuoka

Partner

a16z crypto

Data-driven crypto research. On-chain metrics, developer activity, ecosystem health. State of Crypto reports.

4 deals

#75Lasse Clausen

Founding General Partner

1kx

Token-based business models and early-stage investing. One of Europe's top crypto VCs.

4 deals

SeedSeries AToken

#76Eddy Lazzarin

CTO, a16z Crypto

a16z crypto

Crypto infrastructure, developer platforms, open source and crypto incentives.

4 deals

#77Tom Schmidt

General Partner

Dragonfly

Early-stage crypto investor at Dragonfly with deep DeFi expertise. Focuses on novel financial primitives and infrastructure that expands what's possible in decentralized finance.

4 deals

#78Rob Hadick

General Partner

Dragonfly

Investing in crypto infrastructure and security at Dragonfly. Focuses on foundational technology that makes crypto safer and more scalable.

4 deals

#79Christopher Heymann

General Partner

1kx

Investing in early-stage crypto protocols and infrastructure at 1kx. Focused on community-owned and operated networks.

4 deals

#80Luke Saunders

Partner / Head of Delphi Labs

Delphi Ventures

Investing in DeFi and crypto infrastructure at Delphi Ventures. Focuses on technical evaluation of protocols and smart contract systems.

4 deals

#81Celia Wan

Principal

Dragonfly

Investing in crypto infrastructure and DeFi at Dragonfly. Focused on the intersection of technology and narrative in crypto markets.

4 deals

#82Anil Lulla

Co-Founder & Managing Partner

Delphi Ventures

Co-founder of Delphi Digital and Delphi Ventures. Thesis-driven investing informed by deep crypto research and data analysis.

4 deals

#83Nichanan Kesonpat

Research Principal

1kx

4 deals

#84Joshua Lim

Liquid Portfolio Analyst

Dragonfly

4 deals

Liquid

#85Noah Levine

Investing Partner

a16z crypto

4 deals

SeedVentureGrowth

#86Danny Sursock

Co-founder & GP

Archetype

Invests in foundational crypto infrastructure and protocols at the earliest stages. Archetype focuses on technical founders building at the frontier of crypto — L1s, L2s, ZK tech, and novel consensus

3 deals

Pre-seedSeed

#87Noyes Harrigan

Principal

Framework Ventures

Investing in DeFi and crypto infrastructure at Framework Ventures. Focuses on protocols that expand the design space of decentralized finance.

3 deals

No person-specific or current firm check size is publicly disclosed. Archetype describes itself as an early-stage fund and its historical firm overview says it partners from first check through Series A; founders should confirm round fit directly rather than rely on directory estimates.

#88Aadharsh Pannirselvam

Investor

Archetype

Aadharsh invests where applied cryptography makes useful software private, programmable and verifiable, and where decentralized AI can coordinate agents, data and computation without recreating centra

3 deals

No person-specific or current firm check size is publicly disclosed. Archetype is an early-stage crypto fund and its historical overview describes partnering from first check through Series A; founders should confirm fit directly.

#89Ash Egan

Co-founder & GP

Archetype

Focuses on crypto infrastructure and protocols that enable new types of coordination. Archetype backs technical founders at the frontier of crypto.

3 deals

Pre-seedSeed

#90Tommy Hang

Investor

Archetype

Tommy is a DeFi investor focused on the market structure beneath onchain trading. His recent work treats perpetuals and prediction markets as durable but still immature markets, with the best opportun

3 deals

#91Brandon Potts

General Partner

Framework Ventures

DeFi-native investor at Framework Ventures. Focuses on programmable finance and novel DeFi protocols that create new financial primitives.

3 deals

#92Regan Bozman

Co-Founder

Archetype

Focuses on open network builders and new market structures. Believes in backing founders building protocol-level infrastructure and novel token economic models that create entirely new markets.

3 deals

#93Katie Chiou

Investor, Head of Brand & Content

Archetype

3 deals

#94Jeff Ren

Investment Partner

OKX Ventures

Leading blockchain investments at OKX Ventures, the investment arm of one of the world's largest crypto exchanges. Focuses on projects that expand the OKX ecosystem.

2 deals

#95Shan Aggarwal

VP Corporate Development

Coinbase Ventures

Leads Coinbase Ventures, one of the most prolific corporate crypto investors. Invests broadly across the crypto ecosystem to grow the overall market and bring more assets on-chain.

2 deals

No personal check-size range is published. USV describes itself as an earliest-stage generalist investor and makes decisions collaboratively without a vote; round fit should be confirmed with the partnership rather than attributed to Andy alone.

#96Ella Zhang

Head of Binance Labs

Binance Labs

Invests across the full web3 stack with a focus on infrastructure, DeFi, and gaming. Binance Labs serves as the venture capital and incubation arm of Binance, one of the largest crypto exchanges globa

2 deals

SeedSeries AStrategic

#97Andy Weissman

Managing Partner

Union Square Ventures (USV)

Andy invests at the edge of large markets under transformative pressure. His long-running thesis work centers on engaged networks, differentiated user experience, and defensibility created by network

2 deals

USV's published firm range is $1 million to $30 million from earliest stage through follow-ons. No personal range is attributed to John, and the firm's investment decision is a collective discussion rather than an individual vote.

#98John Buttrick

Venture Partner

Union Square Ventures (USV)

John's published investments apply a lawyer-investor lens to regulated markets where analog, repetitive infrastructure blocks access. His work favors portable financial identity, user-controlled crede

2 deals

USV states that the firm writes $1 million to $30 million checks from the earliest stages onward. It does not publish Brad's personal range or authority; investments are discussed by the full partnership and decided collectively without a vote.

#99Brad Burnham

Co-Founder and Venture Partner

Union Square Ventures (USV)

Brad's published investing work centers on preserving the internet's permissionless, generative character. He has backed open communications and data infrastructure, decentralized protocols with incen

2 deals