# Top 50 Web3 Startup Investors in Canada in October 2023

## Polychain
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 9
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committedto exceptional returns for investors through actively managed portfolios of these blockchain assets.

## ConsenSys
- Type: VC Fund
- Location: Zug, Zug, Switzerland
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, Software

Build next-generation apps, launch blockchain-based financial infrastructure, and access the decentralized web with ConsenSys' Ethereum product suite.

## Lemniscap
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Lemniscap is an early stage investment firm specializing in investments in emerging crypto assets.

## Mechanism Capital
- Type: VC Fund
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Blockchain, Software, Gaming

Mechanism Capital is an investment firm that invests in the cryptocurrency industry with a focus on decentralized finance or DeFi.

## Golden Ventures
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Information Technology

Golden Ventures is a leading seed-stage venture capital fund, based in Toronto and investing across North America. We back bold teams and their transformative ideas.

## Hypersphere Ventures
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Software

Hypersphere Ventures is a venture capital firm that invests in and develops blockchain technology. A Hypersphere is an investment group leveraging on-chain treasuries, decentralized organizations, and governance to increase the utility of the blockchain networks in which we invest.

## Initialized Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Health Care

Initialized Capital is an early-stage venture capital firm focused on the seed. Initialized has 6 investing partners and over $3.2B under management over five core funds since its founding in 2012. The firm's startups have created in aggregate over $200B in market value so far.

## ParaFi Capital
- Type: VC Fund
- Location: Greenwich, Connecticut, United States
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

ParaFi Capital is an alternative investment firm focused on blockchain and decentralized finance markets.

## CMS Holdings
- Type: VC Fund
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

CMS is a principal investment company that focuses on investing in the crypto-asset ecosystem. The firm plans to invest in both liquid and illiquid crypto tokens, as well as equity interests in select businesses.

## Meltem Demirors
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Financial Services

Meltem Demirors is Chief Strategy Officer of CoinShares, an investment firm that manages $750M in assets, and is a trusted partner to investors and entrepreneurs navigating the digital asset ecosystem. Meltem oversees the firm’s managed strategies group and its New York office, and leads corporate development as a board director. Previously, shewas part of the founding team of Digital Currency Group. She teaches at MIT and Oxford, and serves on the WEF Blockchain Council. Meltem leads CoinShares' venture strategy and is an active angel investor, having invested in over 150 companies in the digital currency ecosystem since 2015.

## Shima Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 5
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Gaming

Shima Capital is an investment fund that focuses on supporting cutting-edge blockchain startups. The firm is headquartered in San Francisco, California, United States.

## Digital Finance Group (DFG)
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.

## CMT Digital Ventures
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

An exciting new iteration of our website is coming soon.
CMT Digital is a blockchain and digital assets focused subsidiary of the CMT Group, a 24 year-old trading and investments firm. The CMT Group has operated as a valued partner to entrepreneurs, traders, and technologists

## Fenbushi Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia. Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance,healthcare, supply chain, and consumer goods. Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

## Pnyx Ventures
- Type: VC Fund
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Financial Services, FinTech

PNYX Ventures is a digital asset management firm specialising in blockchain capital markets.

## Divergence Ventures
- Type: VC Fund
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Divergence Ventures

## CoinFund
- Type: VC Fund
- Location: Brooklyn, New York, United States
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

CoinFund is where web3 capable meets web3 capital: cryptonative technologists who invest in the future before it's a trend.

## LedgerPrime
- Type: VC Fund
- Location: Miami, Florida, United States
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

LedgerPrime is a quantitative and systematic investment firm in the Digital Asset space. With a data centric approach and a commitment to rapid innovation and technology, LedgerPrime seeks to become a global leader in generating sustained and superior risk-adjusted returns.

## AU21 Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 4
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

A fund dedicated to backing the most brilliant minds in the blockchain space

## XDL Capital Group
- Type: VC Fund
- Location: Toronto, Ontario, Canada
- Relevant deals: 4
- Stages: Seed, Series D, Series A
- Focus: Software, Information Technology, Computer

XDL is a Ontario-based private equity investor that invests in technology companies. Since 1996 we have supported entrepreneurs building technology related companies in new and growing business sectors. XDL is primarily a private equity investor. They invest their own monies, uniting their interests with each investee. They provide focusedattention on their investments, sharing experience, networks and knowledge to help the entrepreneurs grow and prosper.

## Polygon
- Type: VC Fund
- Location: Mumbai, Maharashtra, India
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Gaming

Polygon is the most proven way to build and scale your decentralized application and projects on Ethereum, the world's largest blockchain ecosystem.

## Tenzor Capital
- Type: VC Fund
- Location: Gibraltar, Gibraltar, Gibraltar
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Blockchain, Software, Cryptocurrency

Tenzor capital operates as a venture capital firm. Tenzor capital provide strategic investment for projects that enrich the blockchain ecosystem.

## ZBS CAPITAL
- Type: VC Fund
- Relevant deals: 3
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

ZBS Capital - distinguished crypto venture fund, backed by major media resources including CryptoDiffer.

## The Spartan Group
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

We advise, invest and build with the best entrepreneurs in Web3.

## Mistral Venture Partners
- Type: VC Fund
- Location: Ottawa, Ontario, Canada
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

Mistral Venture Partners is a seed-stage venture capital firm that invests in early-stage technology companies. The firm invests in startups that solve critical business problems, regardless of the business model– enterprise software, B2B SaaS, marketplaces, etc. It also partners with founders who value experience, commitment, and the higheststandards of integrity and respect.

## FJ Labs
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Software, Financial Services

FJ Labs is a stage-agnostic investment firm that focuses on marketplaces and consumer facing startups.

## Genblock Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Gaming

Genblock Capital invests exclusively in blockchain and cryptocurrency, with a focus on decentralized finance.

## Cygni Capital
- Type: VC Fund
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Blockchain, Cryptocurrency, Software

Investing in the future of trust (Blockchain, Privacy, AI)

## Ankr
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Grant, Series A
- Focus: Blockchain, Gaming, Cryptocurrency

Get faster, more reliable multi-chain development tools

## LD Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 3
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Gaming

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

## New Brunswick Innovation Foundation
- Type: VC Fund
- Location: Fredericton, New Brunswick, Canada
- Relevant deals: 3
- Stages: Seed, Grant
- Focus: Software, Information Technology, Analytics

Director of Investments Every half-year, the Canadian Venture Capital Association (CVCA) reports on the status of venture capital investment in Canada, and the 2021-H1 edition is impressive.

## BoxOne Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Biotechnology, Health Care, Software

BoxOne Ventures is a privately held investment firm that focuses on early-stage companies across the most impactful, interesting and fast-changing sectors.

## Digital Currency Group
- Type: VC Fund
- Location: Stamford, Connecticut, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

We are the capital engine supporting emerging talent & crypto technology. On its mission to accelerate the development of a better financial system.

## Bryan Rosenblatt
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, Software, Retail

Bryan Rosenblatt (born July 4, 1989 in New York, New York, United States) is an American Venture Capitalist and entrepreneur. He is a Partner at Craft Ventures, a venture firm with over $2 billion AUM started by David Sacks. He is also a founder of Riverside Ventures, which he started in 2017, and a former executive at Reddit and Twitter. Hepreviously worked at Reddit as the Head of Sales. Bryan Rosenblatt attended the University of Connecticut School of Business and Charles University.

## Balaji Srinivasan
- Type: Angel
- Location: San Francisco Bay Area, California, United States
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Software

Balaji S. Srinivasan is the Co-Founder and Board Member of Coin Center. He was the CTO of Coinbase and cofounder of Counsyl, Earn, Teleport, and Coin Center. He was previously CEO at Earn.com, which was recently sold to Coinbase. Prior to taking the CEO role at Earn.com, Dr. Srinivasan was a General Partner at Andreessen Horowitz. Prior to joininga16z, he was the cofounder and CTO of Founders Fund-backed Counsyl, where he won the Wall Street Journal Innovation Award for Medicine and was named to the MIT TR35. Dr. Srinivasan holds a BS, MS, and PhD in Electrical Engineering and an MS in Chemical Engineering from Stanford University. He also teaches the occasional class at Stanford, including an online MOOC in 2013 which reached 250,000+ students worldwide.

## William Mougayar
- Type: Angel
- Location: Toronto, Ontario, Canada
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Blockchain, Bitcoin, Cryptocurrency

William Mougayar is a Toronto-based investor, researcher, blogger, and best-selling author of The Business Blockchain (Wiley, 2016). He is a direct participant in the crypto-technology market, working alongside startups, entrepreneurs, pioneers, leaders, innovators, creators, enterprise executives and practitioners.William is the generalpartner at Virtual Capital Ventures, an early stage venture capital fund, and currently on the Board of Directors of OB1, the OpenBazaar open source protocol that is pioneering decentralized peer-to-peer commerce, a Board Advisor to the Ethereum Foundation, a member of OMERS Ventures Board of Advisors, an Advisory Board member to the Coin Center and Bloq. He blogs regularly about the present and future of blockchains at Startup Management.Previously, he held senior positions at Hewlett-Packard, Cognizant and Aberdeen Group, and he founded 3 startups, CYBERManagement, Eqentia, and Engagio.

## Alameda Research
- Type: VC Fund
- Location: Central and Western, Hong Kong Island, Hong Kong
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Alameda Research is a quantitative cryptocurrency trading firm that provides liquidity in cryptocurrency and digital assets markets. It was founded in 2017 and is headquartered in Central and Western, Hong Kong.

## DeFiance Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Gaming

Defiance Capital is a Decentralized Finance (DeFi) focused cryptoasset fund that combines fundamental research with an activist investment approach.

## Coinbase Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Coinbase Ventures is an investment arm of Coinbase that aims to invest in seed-stage cryptocurrency and blockchain startups. The company was founded in 2018 and is based in San Francisco, California, United States.

## Protocol Labs
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Software, Cryptocurrency

Protocol Labs is building the next generation of the internet.

## Bonfire Ventures
- Type: VC Fund
- Location: Santa Monica, California, United States
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Information Technology

Bonfire Ventures leads Seed rounds for business software solutions company founders transforming the industries they target.

## Compound
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

A thesis-driven, research-centric investment firm.

## Andreessen Horowitz
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 3
- Stages: Series A, Series B, Seed
- Focus: Software, Information Technology, Internet

Andreessen Horowitz (a16z) is a venture capital firm in Silicon Valley, California, investing in bold founders, innovators, and entrepreneurs building the future through technology.

## Robot Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Cryptocurrency, Financial Services

Robot Ventures is a (pre-)seed investor in fintech / crypto companies with big ambitions and contrarian worldviews.

## Inovia Capital
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, E-Commerce

We support entrepreneurs at every stage of their journey and build technology companies that generate a positive impact on society.

## The LAO
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

The LAO is a global group of Ethereum enthusiasts and experts supporting the work of Ethereum builders.

## Josh Nussbaum
- Type: Angel
- Location: Manhattan, New York, United States
- Relevant deals: 2
- Stages: Series A
- Focus: Blockchain, Internet, Software

Josh joined Metamorphic Ventures in 2013.Prior to Metamorphic, Josh worked in Business Development for startup, JustDecide, a social decision-making company. Prior to JustDecide, Josh worked in digital marketing and branding at Bayard Advertising.Josh is also a member of the executive board at Tech@NYU, New York City’s largest studenttechnology organization. For multiple semesters he was in charge of “Startup Week” where he helped organize events with top entrepreneurs and venture capitalists in New York City.

## Regah Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Health Care, Automotive

Regah Ventures invests in visionary entrepreneurs who are developing transformational technologies, products, and solutions that are powering the future. It invests across a diverse range of industries like AI/ML, data analytics, and cloud edge computing enterprise software platforms, and in venture rounds alongside committed VCs,institutional, and other notable investors.

## Cherubic Ventures
- Type: VC Fund
- Location: Taipei, T'ai-pei, Taiwan
- Relevant deals: 2
- Stages: Seed, Series A, Angel
- Focus: Software, Artificial Intelligence, E-Commerce

Cherubic Ventures is an early stage focused venture capital firm based in Silicon Valley and Greater China.

## Wintermute
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

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