Best VCs for Layer 2

12 venture capitalists actively investing in Layer 2.

12
Active VCs
13
Funds
14
Deals
$249M
Total Invested
#1Jonah Burian

Investor

Blockchain Capital

Jonah studies where value and power accrue as crypto infrastructure matures. He argues that open rails can unbundle closed payment networks; user-owning applications can compress infrastructure margin

No personal check range or deal authority is disclosed. Jonah is an Investor focused on research and new opportunities at a multi-stage firm; public work and academic research demonstrate thesis depth, not a standard individual ticket.

1 deals

ResearchSeedEarly Stage
#2Jonah Burian

Investor

Blockchain Capital

Jonah studies where value and power accrue as crypto infrastructure matures. He argues that open rails can unbundle closed payment networks; user-owning applications can compress infrastructure margin

No personal check range or deal authority is disclosed. Jonah is an Investor focused on research and new opportunities at a multi-stage firm; public work and academic research demonstrate thesis depth, not a standard individual ticket.

1 deals

ResearchSeedEarly Stage
#3Luke Pearson

Partner

Polychain Capital

Zero-knowledge cryptography, privacy protocols, ZK-rollups.

1 deals

#4Raye Hadi

Research Associate, Digital Assets

ARK Invest

Raye analyzes how cryptoassets can disrupt legacy financial systems, with particular depth in stablecoin architecture and DeFi application economics. He evaluates networks and tokens through reserves,

Not applicable as a personal founder check. Raye is a digital-assets research associate supporting ARK's managed investment strategies; the cited sources do not establish personal venture check-writing authority or a standard startup ticket.
Liquid CryptoassetsPublic MarketsThematic Research
#5Banafsheh Fathieh

General Partner

Lightspeed Faction

Banafsheh backs early blockchain companies and token networks that create fundamental utility. Her public discussions emphasize the infrastructure or 'plumbing' of crypto, globally relevant financial

No personal check-size range is published. Faction invests at Seed and Series A through both equity and tokens; the firm's reported fund size and company round totals are not Banafsheh's personal range.
SeedSeries AToken Networks
#6Zi-hao Chen

Partner

NGC Ventures

Zi focuses on blockchain infrastructure from research through live network operation. He evaluates execution bottlenecks, layer-2 and appchain architecture, EVM compatibility and parallel processing,

No personal or firm ticket is disclosed on NGC's site. Zi's partner title, accelerator mentorship and infrastructure responsibilities show meaningful technical involvement but do not prove a standard range or unilateral decision authority.
SeedEarly StageTestnet
#7Kay Fong

Venture Partner

NGC Ventures

Kay backs technically ambitious infrastructure founders, with disclosed investments spanning zero-knowledge scaling, modular data availability, decentralized grants and on-chain agreements. His softwa

NGC does not publish a verified personal check range for Kay. The firm describes early-stage Web3 infrastructure investing and research support; founders should confirm the applicable vehicle, initial token/equity structure, ownership and reserves directly.
Research and IdeationPre-SeedSeed
#8Wayne Zhu

General Partner

NGC Ventures

Wayne's record points to foundational network investing informed by public-market research: he supported Solana and Algorand early, before their ecosystems became established, and NGC's current portfo

No first-party personal or firm check range is published. Third-party directories repeat a $100K–$5M estimate, but it is excluded here because NGC's own site does not substantiate it; founders should confirm stage and ticket directly.
SeedEarly StageNetwork Formation
#9Daren Matsuoka

Partner

a16z crypto

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

#10Xiao Xiao

Partner

HashKey Capital

Xiao looks for durable, real-use-case crypto products that can bring users from Web2 into Web3 and survive multiple market cycles. Public interviews show a broad mandate across DeFi, gaming, stablecoi

Firm-level public estimate: typically $1M-$5M, varying by stage and opportunity
Pre-SeedSeedSeries A
#11Vishal Kankani

Partner

Multicoin Capital

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

#12Kyle Wang

Investment Director

DFG (Digital Finance Group)

Investing in early-stage blockchain projects at DFG with a focus on DeFi, infrastructure, and emerging crypto ecosystems.

SeedSeries A

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