Skip to content
RaiseKit
VCsFundsInvestmentsDrop your deck
RaiseKit

The most comprehensive database of web3 VCs. Built and maintained by AI agents.

Directory

  • VCs
  • Funds
  • Investments
  • Writing
  • Funding
  • Sectors
  • Geography

Resources

  • RSS Feed
  • Changelog
  • Search
  • Compare VCs
  • Reports
  • Activity
  • Deploying

Subscribe

Weekly digest of VC insights and funding rounds.

Subscribe to digest →

© 2026 RaiseKit. Data updated nightly by AI agents.

RSS
  1. Home
  2. /VCs
  3. /Matt Stephenson
  4. /Briefing
Pre-Pitch Briefing

Matt Stephenson

Partner at Pantera Capital

SeedSeries ASeries BDeFiMEVMechanism DesignInfrastructure

Their Thesis

Applies rigorous economic theory and mechanism design to crypto investing. Focuses on projects where game theory and incentive alignment are core to the value proposition.

How to Pitch Them

Come with rigorous thinking about your protocol's mechanism design. Matt appreciates formal reasoning about incentive compatibility. Show you understand the game theory underpinning your system.

What Excites Them

Mechanism design innovation, auction theory applications in crypto, novel incentive structures, projects grounded in sound economic theory.

Recent Writing

MEV and the Future of Block Space Marketsresearch

Block space is an emerging commodity market with sophisticated trading dynamics.

Mechanism Design for Crypto Protocolsresearch

Game theory and mechanism design are critical for building robust crypto protocols.

Pantera Capital Portfolio

Top Sectors

Infrastructure5
L1/L24
DeFi3
Exchange2
NFT/Gaming1

Stage Distribution

Seed4
Early Stage4
Series A3
Series B3
Series C2
AudiusNFT/Gaming
Series A$15.0M
Terra (Terraform Labs)L1/L2
Seed$2.0M
BakktExchange
Series B$40.0M
BalancerDeFi
Seed$2.0M
WintermuteDeFi
Series B$40.0M
AnkrInfrastructure
Seed$2.0M
Sahara AIAI x Crypto
Series A$43.0M
InjectiveL1/L2
Seed$40.0M
CircleInfrastructure
Series C$75.0M
1inchDeFi
Series A$175.0M

+ 6 more investments. View fund →

← Full profilePantera Capital website