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.
43% of their portfolio is in Crypto & Web3. Their most common stage is pre-seed (57% of deals). Average disclosed round size is $2.8M (across 6 rounds with reported amounts).
Portfolio
7
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
Investment Activity
DealsAvg Round Size
Portfolio
7 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Nestcoin | Unknown | $1.9M | Sep 2023 |
 Kotani Pay | Pre-Seed | $2M | Sep 2023 |
 Bitmama | Pre-Seed | $1.6M | Jan 2022 |
 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
Launch Africa Ventures1 shared
Chrysalis Capital1 shared
Unicorn Growth Capital1 shared
AngelList1 shared
Tekedia Capital1 shared
Five35 Ventures1 shared
Alter Global1 shared
MAGIC Fund1 shared
Alliance DAO1 shared
CMT Digital1 shared
4DX Ventures1 shared
Last updated: 20 October 2026