# Top 50 Web3 VC (Venture Capital) Funds 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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

## 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.

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

Divergence Ventures

## 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

## 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.

## 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.

## 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.

## 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.

## Polygon
- Type: VC Fund
- Location: Bengaluru, Karnataka, India
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- 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.

## 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.

## 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)

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## 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.

## BITKRAFT Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Gaming, Video Games, Blockchain

We provide early- and mid-stage venture capital and expertise for extraordinary founders in gaming, esports, and interactive media.

## Panache Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

Canada's leading nationwide pre-seed venture fund.

## Future\Perfect Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Financial Services, Software

Future\Perfect Ventures is an early stage venture capital firm 2014 to invest globally in blockchain technology and crypto assets. FPV was founded by Jalak Jobanputra.

## 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.

## Delta Blockchain Fund
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

Delta Blockchain Fund

## Digital Strategies
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Cryptocurrency, Financial Services

Blockchain & Gaming Investments, Value add advisory.

## Sfermion
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 2
- Stages: Seed, Initial Coin Offering
- Focus: Blockchain, Gaming, Cryptocurrency

Sfermion is a metaverse-native firm investing in esoteric digital assets.

## Rising Tide
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Artificial Intelligence, Biotechnology

Rising Tide their technological advancements in big data analytics, computer-aided design, optical sensors, mobile applications in vertical markets, community-connected networks, and services.

## Real Ventures
- Type: VC Fund
- Location: Montréal, Quebec, Canada
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Machine Learning

Real Ventures is an early-stage venture firm focused on serving daring entrepreneurs with the ambition to create successful, global companies. Since 2007, Real Ventures has dedicated itself to building the Canadian startup ecosystem on the belief that people, not money, build game-changing companies. Real Ventures provides stage-specific guidance,mentorship, and access to networks and resources to fast-track founders’ personal and company growth. Real Ventures manages $325 million across five funds and its active portfolio of 100+ companies is currently valued at $10 billion. www.realventures.com

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

Brevan Howard is gearing up for direct investments in crypto and is forming a crypto-focused division called BH Digital.

## Double Peak Group
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 2
- Stages: Seed, Series A, Initial Coin Offering
- Focus: Blockchain, Gaming, Cryptocurrency

Double Peak Group is a family office focused on investments in the digital asset and blockchain space.As one of the first family offices based out of Asia focused on digital assets, we have been deeply entrenched in the crypto space since 2017. At Double Peak, we adopt a philosophy of value investing and making key investments with a long timehorizon in early funding rounds and secondary markets. The ultimate vision is to bridge cutting-edge decentralized technologies between China and International markets.Double Peak have invested in a multitude of areas including: Asset Management, Banking & Payments, Cross-Chain Platforms, CeFi-DeFi Bridges, Infrastructure Protocols, Investment Funds, Gaming/GameFi, NFTs, Privacy/Security, The Metaverse, Trading and Exchanges.

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