Bankless Ventures is an early-stage Web3 venture capital fund co-founded by David Hoffman and Ryan Sean Adams, investing at the intersection of crypto infrastructure and consumer adoption. The firm leverages the Bankless media brand and network to support portfolio companies pioneering the crypto frontier.
31% of their portfolio is in Crypto & Web3. Deal activity decreased year-over-year (1 deal in the last 12 months vs 3 prior). Their most common stage is seed (48% of deals). Average disclosed round size is $11.4M (across 26 rounds with reported amounts).
Portfolio
26
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
29 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Tenbin | Seed | $7M | Jan 2026 |
 Tenbin | Seed | $7M | Jan 2026 |
| 11Money Co. | Seed | $20M | Jan 2025 |
 Kernel DAO | Unknown | $10M | Dec 2024 |
 Schuman Financial | Seed | — | Nov 2024 |
 Fermah | Seed | $5.2M | Sep 2024 |
 Movement Labs | Series A | $38M | Apr 2024 |
 Clique | Series A | $8M | Mar 2024 |
 Ether.fi | Series A | $23M | Feb 2024 |
 Sorella Labs | Unknown | $7.5M | Jan 2024 |
 Phylax | Pre-Seed | $4.5M | Jan 2024 |
| HHyperbolic Labs | Seed | $7M | Jan 2024 |
| Clique | Series A | $8M | Jan 2024 |
 Aligned Layer | Seed | $20M | Jan 2024 |
| Movement Labs | Series A | $38M | Jan 2024 |
 Fhenix | Seed | $7M | Sep 2023 |
 Puffer Labs | Seed | $5.5M | Aug 2023 |
 Modulus Labs | Unknown | $6M | Jan 2023 |
 Astria | Seed | $12.5M | Jan 2023 |
 AltLayer | Unknown | $14.4M | — |
 Succinct | Seed | — | — |
| Succinct | Series A | — | — |
 BSX | Seed | $4M | — |
| KKelp DAO | Unknown | $9M | — |
 BounceBit | Seed | $6M | — |
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Top Co-Investors
Polychain Capital7 shared
Hack VC6 shared
OKX Ventures5 shared
Lemniscap4 shared
LongHash Ventures4 shared
dao54 shared
Nascent4 shared
Archetype4 shared
Figment Capital4 shared
Variant3 shared
Galaxy Ventures3 shared
Maven 113 shared
RockawayX3 shared
Paradigm3 shared
HTX Ventures3 shared
Draper Dragon3 shared
Hypersphere Capital3 shared
Daedalus2 shared
Root Ventures2 shared
NGC Ventures2 shared
Last updated: 20 October 2026