7 VCs and 0 funds investing in Zero-Knowledge Proofs
General Partner
Plutos Capital
Check: $250K–$500K stated first-check range in a current @FryCookVC public post, with 'no matter how early' guidance. Plutos describes investing from pre-seed through Series A across equity and token rounds. Confirm currency, ownership, reserves and whether the range applies to the Genesis Fund before relying on it.
Lukas backs deeply technical founders building sovereign, privacy-enabling infrastructure across blockchain, AI and dual-use systems. His central claim is that institutions need the openness, neutral settlement and composability of public chains but cannot expose salaries, counterparties, cash flow, supply chains or trading strategies. Private permissioned chains repeatedly lose network effects and create costly governance silos; the investable bridge is privacy technology—zero-knowledge proofs, encrypted transactions and mempools, confidential compute, TEEs and secure hardware—that preserves public-chain interoperability while protecting sensitive data. He extends that secure-compute thesis across software and hardware, terrestrial and orbital systems.
Partner, Investing & Research
Paradigm
Check: 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.
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 distribution, applied zero knowledge, and the infrastructure required to analyze petabyte-scale blockchain data. His core investment question is not simply whether usage grew, but who the real users are, what caused their behavior, and whether engagement persists after rewards decline.
Founding Partner
Collider Ventures
Check: No personal or standard Collider check-size range is published. A disclosed $6.7M seed round was the total financing for one company and must not be treated as Avishay's personal or firm-wide check range.
Avishay is a founder-first, contrarian crypto investor who treats decentralized systems as political and economic networks, not just software. He looks for leaders who can align the four constituencies he identifies—technical purists, traders, builders, and storytellers—while building real utility and defensible businesses. His recent thesis has shifted toward institutional distribution, revenue, risk management, token value accrual, and infrastructure that incumbents need but cannot readily build themselves.
Venture Partner
Big Pi Ventures
Check: Big Pi publishes a firm-wide equity-ticket range of €0.5M–€30M across its early-stage and growth funds; its early-stage Fund II described €1M–€3M lead investments. These are firm parameters, not Vassilis's personal allocation range.
Vassilis brings a blockchain ecosystem and go-to-market lens to Big Pi's technology investing. His public work emphasizes the transition from crypto trading toward usable infrastructure: privacy-preserving institutional networks, interoperable bank deposits, Ethereum applications, zero-knowledge systems, stablecoins, and real-world financial workflows. This sits within Big Pi's broader preference for defensible technology, global markets, and teams that can translate technical invention into commercial products.
Investment Director
HashKey Capital
Check: No verified personal check-size range is published. HashKey Capital operates multiple venture, liquid, and multi-strategy vehicles; fund size and disclosed portfolio rounds should not be converted into Yerui's individual authority.
Yerui is a HashKey investment director with documented fund-committee responsibility and a contributor to the firm's technical sector research. The research evaluates infrastructure and applications across ZK, MEV, intents, account abstraction, data availability, Bitcoin, AI x crypto, DePIN, staking, and related Web3 layers. The consistent lens is whether technical design improves transaction flow, verifiability, capital efficiency, decentralization, and real demand.
Partner
Blockchain Capital
Check: 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.
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 modular infrastructure, cryptographic acceleration, token economics, and network utility; his consumer work emphasizes distribution through existing behavior and trusted platforms. His latest framework looks for crypto companies that exploit a temporary market gap, build a self-reinforcing growth loop, and graduate that advantage into durable trust, integrations, liquidity, compliance, or consumer-grade product.
Partner
Maven 11 Capital
Check: Maven 11 does not publish Darius's personal check range or decision authority. Third-party investor databases estimate ranges, but those figures are not treated as verified evidence. The current firm describes an early-stage venture strategy without attaching a check range to him.
Darius works within Maven 11's crypto-native, early-stage strategy. The firm backs technically fluent founders who challenge the status quo by redefining ownership through open, inclusive, permissionless networks. Its current third-fund focus has shifted from foundational rails toward founders using those rails to reinvent credit, payments, stablecoins, and trading. Darius's own public comments emphasize extensive research into the actual product and business case rather than following a crowded token market.