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1confirmation is an early-stage venture fund founded by Nick Tomaino in 2017. The firm is headquartered in the United States and focuses on supporting founders who contribute to the decentralization of the web and society. Since its inception, 1confirmation has raised a total of $125 million across its funds, with a notable emphasis on the cryptocurrency and blockchain sectors.
The firm has evolved its investment strategy to back projects that promote decentralization, particularly in areas such as decentralized finance (DeFi), NFTs, and prediction markets. As of 2025, 1confirmation has built a portfolio of 50 companies, reflecting its active engagement in the crypto ecosystem. The firm is known for its commitment to empowering users and communities through open networks.
1confirmation has achieved significant milestones, including early investments in major projects like Ethereum, Bitcoin, and Coinbase. The firm continues to expand its portfolio with innovative projects, demonstrating its ongoing relevance in the rapidly evolving crypto landscape.
1confirmation invests primarily in early-stage companies within the cryptocurrency and blockchain sectors. The firm targets seed, Series A, and Series B stages, focusing on projects that leverage open networks to empower users and communities. Their investment thesis emphasizes supporting projects that promote decentralization, particularly in decentralized finance (DeFi), NFTs, and prediction markets.
The firm seeks founders who are building open networks that shift power away from centralized intermediaries. 1confirmation is particularly interested in companies that demonstrate a commitment to decentralization as a core design principle. Their geographic focus is global, allowing them to tap into a diverse range of innovative projects across the crypto ecosystem.
Check sizes are typically in the range of $500,000 to $2 million, although specific policies may vary. The firm is known for its strategic support, providing insights into market trends and facilitating connections within the decentralized ecosystem.
1confirmation has a diverse portfolio of 50 companies, with notable investments including:
Nick Tomaino: General Partner and founder of 1confirmation. He has a background in cryptocurrency, having worked at Coinbase from 2013 to 2016 before establishing the firm. Tomaino is known for his expertise in decentralized networks and has led significant investments in major crypto projects.
Brett Shear: General Partner at 1confirmation. Shear has been involved in various financing rounds, including leading investments in projects like Gigaverse. His experience in the crypto space enhances the firm's investment strategy.
Frank Hourigan: Partner and Head of Operations. Hourigan plays a crucial role in managing the firm's operations and supporting portfolio companies. His operational expertise is vital for the firm's success.
Mike Tomaino: Partner at 1confirmation. He contributes to the firm's investment decisions and supports portfolio companies with strategic insights.
To pitch 1confirmation, founders should visit their official website at 1confirmation.com. It is recommended to include a detailed overview of the project, emphasizing its contribution to decentralization and the crypto ecosystem.
While specific application forms or portals are not mentioned, a well-structured pitch deck that outlines the business model, market opportunity, and team background is essential. Founders should expect a response time that varies based on the volume of inquiries, so patience is advised.
Warm introductions are beneficial but not mandatory. Founders should focus on clearly communicating their vision and how it aligns with 1confirmation's investment focus.
In 2025, 1confirmation made several notable investments, including Littio, Gigaverse, Ruvo, and Munify. These additions reflect the firm's ongoing commitment to supporting innovative projects within the crypto ecosystem.
1confirmation led a $10 million seed round for Limitless, a prediction market platform, showcasing its active role in financing emerging projects. Additionally, the firm participated in funding rounds for Gigaverse, a crypto-native game studio, further solidifying its focus on consumer applications in the crypto space.
What are 1confirmation's investment criteria?
1confirmation focuses on early-stage companies in the cryptocurrency and blockchain sectors, particularly those promoting decentralization. They invest in seed, Series A, and Series B stages.
How can I pitch to 1confirmation?
Founders can pitch their projects through the official website at 1confirmation.com. It is advisable to include a clear explanation of how the project contributes to decentralization.
What makes 1confirmation different from other VC firms?
1confirmation specializes in the crypto space, focusing on projects that leverage open networks. Their deep expertise in the sector allows them to provide valuable insights and connections to portfolio companies.
What is the geographic scope of 1confirmation's investments?
The firm has a global investment focus, allowing them to engage with innovative projects from various regions.
What is the typical check size for investments?
While specific check sizes are not disclosed, they typically range from $500,000 to $2 million based on third-party sources.
What kind of support does 1confirmation provide post-investment?
1confirmation offers strategic support, including insights into market trends and facilitating connections within the decentralized ecosystem.
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