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.
Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Their most common stage is seed (66% of deals). Average disclosed round size is $10.5M (across 39 rounds with reported amounts).
Portfolio
39
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
JM
Jeff Morris Jr.
General Partner
DD
Doug Dyer
CFO/COO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
41 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| BBlackstar | Seed | $12M | Apr 2026 |
 ZODL | Seed | $25M | Jan 2026 |
 Hyperbeat | Seed | $5.2M | Aug 2025 |
 Rork | Seed | $2.8M | May 2025 |
 Mevvy | Seed | $2.8M | Jan 2025 |
| Hyperbeat | Seed | $5.2M | Jan 2025 |
 Ragie | Seed | $5.5M | Aug 2024 |
| HHyperbolic Labs | Seed | $7M | Jan 2024 |
 Splinetool | Seed | $15M | Jul 2023 |
 Metal | Seed | $2.5M | Jun 2023 |
 Squid | Seed | $3.5M | Jan 2023 |
 Ether.fi | Unknown | $5.3M | 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 |
 Doppler | Seed | — | Mar 2021 |
 Citadel ID | Seed | $3.5M | Feb 2021 |
 Alt | Series B | $40M | Jan 2021 |
 Turing | Unknown | $32M | Dec 2020 |
 Quo | Series A | $14M | Nov 2020 |
 Raycast | Seed | $2.7M | Oct 2020 |
 Betty Labs | Seed | $9.3M | Jan 2020 |
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Top Co-Investors
Y Combinator8 shared
BoxGroup4 shared
Slow Ventures4 shared
Abstract Ventures4 shared
Maelstrom4 shared
Founders Fund3 shared
First Round Capital3 shared
SV Angel3 shared
Craft Ventures3 shared
IOSG Ventures3 shared
Polychain Capital3 shared
Wintermute Ventures3 shared
Coinbase Ventures3 shared
Foundation Capital3 shared
Hustle Fund2 shared
Gradient Ventures2 shared
Bedrock2 shared
Distributed Ventures2 shared
HashKey Capital2 shared
North Island Ventures2 shared
Last updated: 7 October 2026