Web3 Gaming

5 VCs and 23 funds investing in Web3 Gaming

VCs investing in Web3 Gaming

Sterling Campbell

Former Investor, Blockchain Capital (off current roster)

Blockchain Capital

Check: No reliable personal check range or current Blockchain Capital authority is public. Third-party ranges are stale and were excluded. Historical work included consumer-crypto diligence and portfolio support; founders must contact a currently listed Blockchain Capital investor for live check size and sponsorship.

In his Blockchain Capital work, Sterling focused on the intersection of consumers and crypto. He saw gaming as a mass-onboarding path because persistent games, interoperable assets and player-owned economies can align users with the worlds they help create. For consumer brands, he looked for authentic cultural connection and utility across physical and digital experiences rather than an NFT bolted onto a legacy product. His later DeFi work favored high-performance, composable exchanges close to their native ecosystems, with real volume, adaptable teams and product expansion beyond a single wedge.

Historical seed and venture investingConsumer-crypto diligencePortfolio support

Beryl Li

Director / Investment Committee

89%

YGG Ventures

Check: No portfolio-company check range was disclosed. The announced 2023 YGG Ventures Fund I targeted $75M and a $500K minimum LP commitment, but the latter is an LP subscription minimum—not a startup check size—and current fund deployment status is not publicly confirmed.

Beryl's investment role was framed around early-stage token and equity investments in Web3 game studios and the infrastructure needed for the sector to grow. Her broader operating thesis begins with community distribution and digital ownership: games must be genuinely fun, use blockchain behind the scenes, enable players in emerging markets to learn and earn, and build sustainable economics rather than treating token rewards as the product.

Pre-seedSeedEarly Stage

Jehan Chu

Founder & Managing Partner

88%

Kenetic Capital

Check: No reliable public standard ticket or Jehan-specific approval range was found. Kenetic invests its family-office capital in direct blockchain companies, tokens and other crypto funds, and its published site emphasizes Series A/B equity; historical and interview evidence also shows seed, token and incubation activity. Ask directly rather than inferring a check from round size.

Jehan treats blockchain as the next internet and backs the data, infrastructure, enterprise, trading and financial systems that can anchor a natively digital economy. He underwrites the founders first—their experience, response to failure, differentiated expertise, team leadership, conviction and authenticity—then verifies backgrounds, technology maturity, utility, incentives, treasury discipline and a path from launch to sustained adoption.

SeedSeries ASeries B

Evan Feng

Partner

84%

CoinFund

Check: Personal check size is not publicly disclosed. CoinFund invests from pre-seed through Series A and in liquid digital assets across multiple strategies.

Evan applies fundamental-investing discipline to both venture and liquid crypto: identify the metrics that genuinely drive an asset, forecast them, define thesis-invalidation points in advance, and pressure-test assumptions through an authentic external network. He looks beyond equity-style valuation heuristics to community, network effects, token demand, distribution, and the new product surface enabled by open onchain economies.

Pre-SeedSeedSeries A

Rui Zhang

Managing Partner

80%

gumi Cryptos Capital

Check: A December 2019 gCC FAQ said the firm typically wrote $250K–$1M checks. Treat this only as a dated historical range, not a current promise: gCC subsequently raised a $110M Fund II and has not published an updated range on its current site. Confirm stage, instrument, ownership and reserves directly.

Rui leads an early-stage, crypto-native firm with a builder-centric, long-time-preference and high-conviction approach. gCC invests across the blockchain stack, with particular application interest in financial services and gaming and broader interest in foundational protocols that use blockchain for a significant competitive advantage. Rui's gaming, VR/AR, social-network and founder background supports a product and global expansion lens.

Friends and familyPre-SeedSeed