Adaverse is a crypto-native venture firm and accelerator that invests in Web3 and blockchain startups across emerging markets in Asia, the Middle East, and Africa. Founded in 2021 as a joint venture between EMURGO (the commercial arm of Cardano) and Everest Ventures Group, it provides capital, mentorship, and technical infrastructure to early-stage founders building decentralized solutions.
Their most common stage is pre-seed (60% of deals). Average disclosed round size is $3.2M (across 4 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Pre Seed
Last 12 Mo
0
Team
HL
Hailey Lulu Y.
Venture Lead
WP
William Phelps
investment manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Kotani Pay | Pre-Seed | $2M | Sep 2023 |
 Stakefair | Pre-Seed | — | — |
| UUmrahCash | Unknown | $500K | — |
| MMithu | Pre-Seed | $500K | — |
| PPolynado | Unknown | $10M | — |
Top Co-Investors
P1 Ventures1 shared
Flourish Ventures1 shared
Pear VC1 shared
Voltron Capital1 shared
Kepple Africa Ventures1 shared
GG11 shared
Last updated: 14 September 2026