Avon Ventures is an early-stage venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, focusing on the cryptoasset and blockchain ecosystem. Based in Boston, Massachusetts, it invests in the foundations of the crypto and blockchain infrastructure, including exchanges, DeFi, and data & analytics.
62% of their portfolio is in Crypto & Web3. Their most common stage is series-a (42% of deals). Average disclosed round size is $36.2M (across 20 rounds with reported amounts).
Portfolio
19
Fund Size
—
Top Stage
Series A
Last 12 Mo
0
Team
JS
James Shaughnessy
Partner at Avon Ventures
MO
Mary Ortiz
Associate at Avon Ventures
HG
Harry Grages
Investing at Avon Ventures
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
24 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Ethena | Unknown | $14M | Jan 2024 |
| AAsymmetry Finance | Seed | $3M | Jan 2024 |
 Asymmetry | Seed | $3M | Jan 2024 |
 VALR | Series B | $50M | Mar 2022 |
 Opennode | Series A | $20M | Jan 2022 |
 Eaglebrook Advisors | Series A | $20M | Jan 2022 |
 Figment | Series C | — | Dec 2021 |
 Paradigm | Series A | $35M | Dec 2021 |
 Falconx | Unknown | $17M | Sep 2021 |
| Falconx | Series C | $210M | Aug 2021 |
 Coincover | Series A | — | Jul 2021 |
 Coin Metrics | Series B | $15M | May 2021 |
| SSolidus | Series A | — | Jan 2021 |
| WWintermute | Series B | $200M | Jan 2021 |
 Flipside Crypto | Seed | $7.1M | Sep 2019 |
 Flipside Crypto | Seed | $7.1M | Sep 2019 |
| Coin Metrics | Series A | $15M | Jan 2019 |
| Flipside Crypto | Series A | $7.1M | Jan 2019 |
 Solidus Labs | Series A | — | — |
 Casa | Series A | $21M | — |
 Alluvial | Series A | $12M | — |
| SSolidus | Series B | $45M | — |
| Casa | Seed | $4M | — |
 Mythical Games | Series D | $19M | — |
Top Co-Investors
Castle Island Ventures7 shared
CMT Digital6 shared
Fidelity Investments6 shared
Digital Currency Group5 shared
Coinbase Ventures4 shared
F-Prime Capital4 shared
Collaborative Fund3 shared
Boston Seed Capital3 shared
True Ventures3 shared
GSR Ventures3 shared
Pantera Capital3 shared
Evolution Equity Partners3 shared
Collab+Currency3 shared
Republic3 shared
Galaxy Ventures2 shared
Founder Collective2 shared
Franklin Templeton2 shared
Dragonfly2 shared
Jump Capital2 shared
Cadenza2 shared
Last updated: 7 October 2026