Investor profile
Kraken Ventures
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Kraken Ventures is an independent investment fund led by Kraken alumni that invests in early-stage companies and protocols at the nexus of the FinTech and Blockchain/Crypto revolutions. The firm focuses on four verticals: B2B FinTech (companies enabling every business to become a fintech company), Web3/DeFi (protocols empowering users with access to financial products previously reserved for banks), Digital Economies (NFTs, gaming, metaverse), and Enabling Tech (financial infrastructure, RegTech, cybersecurity, analytics, developer tools, AI/ML). Approximately 80% of the portfolio is in equity stakes and 20% in tokens. The fund targets Seed and Series A entry points, with follow-on reserves (~40% of fund) for outperforming companies through Series B and beyond, investing ~50% in the US and ~50% internationally across Europe, APAC, Canada, Israel, and the UAE. Its mission is to create a more open and transparent financial system by backing early-stage founders building blockchain-based products.
Notable quotes
“I think there's a core thesis that if you look at the trends with the overall number of wallets and overlaying the growth of stablecoins, it looks very similar to internet adoption. There's a thesis that there are 10 billion people in the world, and the number of wallets will just continue to rise towards that 10 billion mark, similar to what we've seen in internet adoption.”
“Kraken Ventures' (KV) next fund will double down on our existing thesis and continue to support founders through their full journey from initial capital to IPO.”
“Our original goal for the fund was $50M, but given the significant demand we had for the fund, we expanded the fund size up to $65M.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Blockdaemon | Seed | — | 2021-01-01 |
| Anchorage Digital | Series B | — | 2021-01-01 |
| Messari | Seed | — | 2021-01-01 |
| Hashflow | Seed | — | 2021-01-01 |
| CoinTracker | Seed | — | 2021-01-01 |
| Ethena | Seed | — | 2023-01-01 |
| Morpho | Seed | — | 2022-01-01 |
| Usual | Other Equity | $7m | 2024-04-18 |
| Deblock | Series A | $35m | 2025-11-19 |
| 1Money | Seed | $20m | 2025-01-16 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Coinbase Ventures | 14 |
| GSR Markets | 9 |
| Galaxy Digital | 9 |
| Brevan Howard Digital | 7 |
| IOSG Ventures | 4 |
| Pantera Capital | 3 |
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