Chapter One is an early-stage venture capital firm for product-driven founders, based in Los Angeles. Founded by Jeff Morris Jr., the firm writes $500K–$2M checks at the seed stage and has a strong focus on crypto/web3, fintech, SaaS, AI, and developer tools.
Their most common stage is seed (74% of deals). Average disclosed round size is $8.9M (across 31 rounds with reported amounts).
Portfolio
33
Fund Size
—
Top Stage
Seed
Last 12 Mo
3
Team
JM
Jeff Morris Jr.
General Partner
DD
Doug Dyer
CFO/COO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| BBlackstar | Seed | $12M | Apr 2026 |
 ZODL | Seed | $25M | Jan 2026 |
| ZZcash Open Development Lab | Seed | — | Jan 2026 |
 Hyperbeat | Seed | $5.2M | Aug 2025 |
 Rork | Seed | $2.8M | May 2025 |
 Mevvy | Seed | $2.8M | Jan 2025 |
 Ragie | Seed | $5.5M | Aug 2024 |
| HHyperbolic Labs | Seed | $7M | Jan 2024 |
 Spline | Seed | $15M | Jul 2023 |
 Metal | Seed | $2.5M | Jun 2023 |
 SQUID | Seed | $3.5M | Jan 2023 |
 Nillion | Unknown | — | Dec 2022 |
 Dust Labs | Unknown | $7M | Sep 2022 |
| Dust Labs | Strategic | $7M | Jan 2022 |
 Runway AI | Seed | $2M | Nov 2021 |
 Ondo Finance | Seed | $4M | Aug 2021 |
 Alt.xyz | Seed | $31M | Mar 2021 |
 Dopple | Seed | — | Mar 2021 |
| CCitadel ID | Seed | $3.5M | Feb 2021 |
 Quo | Series A | $14M | Nov 2020 |
 Raycast | Seed | $2.7M | Oct 2020 |
| BBetty Labs | Seed | $9.3M | Jan 2020 |
| OOthersideAI | Unknown | $2.6M | Jan 2020 |
| BBlockfolio | Series A | $11.5M | Oct 2018 |
 Better Auth | Seed | $5M | — |
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Top Co-Investors
Y Combinator7 shared
Slow Ventures3 shared
Abstract Ventures3 shared
Digital Currency Group3 shared
IOSG Ventures3 shared
Polychain Capital3 shared
Wintermute Ventures3 shared
Maelstrom3 shared
Coinbase Ventures3 shared
Framework Ventures3 shared
Balaji Srinivasan3 shared
Founders Fund2 shared
Hustle Fund2 shared
First Round Capital2 shared
BoxGroup2 shared
SV Angel2 shared
Craft Ventures2 shared
Distributed Ventures2 shared
HashKey Capital2 shared
Pantera Capital2 shared
Last updated: 8 September 2026