4 VCs and 29 funds investing in Market Infrastructure
Principal
Haun Ventures
Check: 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.
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 market hype, especially institutional-grade market infrastructure where fragmented liquidity, execution, financing or coordination can be unified into a superior workflow.
Principal
Haun Ventures
Check: 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.
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 infrastructure that resolves fragmented liquidity, execution, financing or coordination into a better workflow.
Senior Investment Principal, Hivemind Capital Partners
Hivemind Capital
Check: Hivemind invests across pre-seed through Series B; typical venture checks $500K-$5M with capacity to lead
Phillips's overarching thesis is bridging the on-chain and off-chain worlds, primarily through market infrastructure — the 'unsexy backbone' of stablecoins, settlement rails, custody, tokenization, and institutional plumbing that lets traditional capital flow into and through crypto. She is bullish on regulated stablecoins paired with cross-border payments, on Bitcoin-native DeFi unlocking yield for BTC holders, and on AI agents becoming first-class economic actors on-chain (including as buyers of NFTs and other digital assets). Within Hivemind's '9 themes for 2025' framework, her work spans stablecoins, derivatives infrastructure, app-chain L1/L2 dynamics, and the broader institutionalization of crypto. Her framing is institutional and risk-aware — Hivemind explicitly pairs crypto-native expertise with institutional-grade risk management.
Principal
Blockwall VC
At Blockwall, Armani invests within a pre-seed and seed Web3 strategy focused on the infrastructure and applications shaping a transparent, secure digital future. His profile and writing point to particular strength in tech-heavy opportunities, including DeFi, market structure, and Blockwall's AI and data-driven investing efforts.
Frankfurt/Main
AUM: €400M
San Francisco
AUM: $30M
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AUM: $2.0B
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