Best VCs for Market Microstructure

4 venture capitalists actively investing in Market Microstructure.

Active VCs

Funds

Deals

Venture Associate

Kosmos Ventures

Lucas looks for early, non-consensus crypto opportunities through an active-user and market-structure lens. He believes decentralized markets can democratize finance and that money increasingly follow

No Lucas-specific check range is public. A current OpenVC search profile lists Kosmos at $100K–$1M, while Kosmos's own live material confirms Seed/Pre-Seed as its co-building focus but publishes no check size. Treat $100K–$1M as third-party firm guidance only; confirm allocation, instrument, ownership and decision-maker directly with Lucas and the team.

Pre-seedSeedEarly Stage

#2Dan Smith

Angel / Researcher

Crypto researcher and investor with deep expertise in on-chain data analysis. Known for detailed research on DeFi protocols and market microstructure.

SeedSeries A

#3Spencer Applebaum

General Partner, Co-Head of Venture

Multicoin Capital

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

SeedSeries AVenture

#4Jack Lu

Partner

NGC Ventures

Jack evaluates blockchain projects through their economic and social mechanisms. His official remit emphasizes whether decentralized consensus, incentive provision, industrial organization and smart-c

NGC does not publish a Jack-specific check range on its official team page. Third-party investor directories estimate broad firm ranges, but those are not treated as verified personal authority. Founders should ask directly about stage, round and allocation fit.

SeedEarly StageProtocol formation

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