Divergence Ventures is a San Francisco-based crypto operator fund founded in 2020 that focuses on early-stage investments in blockchain, cryptocurrency, DeFi, and Web3 ecosystems. The firm provides capital, strategic guidance, and operational support to early-stage crypto projects.
30% of their portfolio is in Crypto & Web3. Their most common stage is seed (70% of deals). Average disclosed round size is $14.5M (across 9 rounds with reported amounts).
Portfolio
9
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
GL
George Lambeth
Founding Partner
CL
Calvin Liu
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| AAngle Protocol | Unknown | $5M | Sep 2021 |
 Impossible Finance | Seed | $7M | Jun 2021 |
| DDexGuru | Seed | $1M | Apr 2021 |
| PPureStake | Seed | $6M | Jan 2021 |
 Nine Chronicles | Growth | $2.6M | Jan 2021 |
 Swivel Finance | Seed | $3.5M | Jan 2020 |
| PPureStake | Seed | — | Jan 2020 |
 Mero | Series A | $3.5M | — |
 Async Art | Seed | $2M | — |
| CCelestia Labs | Seed | $100M | — |
Top Co-Investors
Lemniscap3 shared
CMS Holdings2 shared
IOSG Ventures2 shared
Maven 112 shared
The LAO2 shared
Placeholder2 shared
Signum Capital2 shared
ParaFi Capital2 shared
Binance2 shared
KR12 shared
Hypersphere Capital2 shared
DeFiance Capital1 shared
Electric Capital1 shared
Multicoin Capital1 shared
Hashed1 shared
True Ventures1 shared
The Spartan Group1 shared
500 Global1 shared
Apollo Global Management, Inc.1 shared
Galaxy Interactive1 shared
Last updated: 8 September 2026