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Deep Ventures is a venture capital fund and community established in 2020, located in San Francisco. The organization is dedicated to supporting startups in the blockchain sector, particularly those focused on web3 technologies. The founders aim to create a more open and free world by providing opportunities and access that were previously unavailable to many entrepreneurs.
As of now, Deep Ventures manages a portfolio of 19 companies, reflecting its commitment to early-stage investments. The firm emphasizes community-building and actively engages with founders who possess ambitious visions for the future. This approach not only enhances the support provided to portfolio companies but also fosters a collaborative environment within the blockchain ecosystem.
Deep Ventures has made notable strides since its inception, focusing on Bitcoin-native infrastructure and integrating AI technologies into its investment strategy. The firm’s mission aligns with the broader goal of decentralization, aiming to empower startups that are poised to make significant impacts in their respective fields.
Deep Ventures invests primarily in early-stage startups within the blockchain sector, specifically targeting pre-seed, seed, seed-plus, and Series A stages. The firm is particularly interested in companies that are developing Bitcoin-native infrastructure and integrating artificial intelligence technologies into their solutions. This focus on web3 and AI positions Deep Ventures at the forefront of technological innovation in the blockchain space.
The organization seeks founders and teams with ambitious visions, emphasizing the importance of decentralization and data in transforming industries. Deep Ventures is committed to creating opportunities and access in the blockchain space, which is reflected in its investment strategy. The firm prefers to engage with startups that demonstrate a clear understanding of their market and possess a strong potential for growth.
Investment checks typically range from $2.33 million for seed rounds to approximately $3.5 million for Series A rounds, allowing the firm to support startups at critical stages of their development. Deep Ventures primarily focuses on U.S.-based startups, ensuring that its investments are aligned with the evolving landscape of the blockchain industry.
Deep Ventures has built a diverse portfolio of 19 companies, showcasing its commitment to the blockchain sector. Notable investments include:
These companies exemplify Deep Ventures' focus on innovative solutions within the blockchain ecosystem. The firm actively seeks to invest in startups that are not only technologically advanced but also have the potential to disrupt traditional industries through decentralized technologies.
Mike Chan - Co-founder/GP. Mike has a strong background in community growth, having previously led marketing for Thesis, Panther Protocol, UTU, and Meter, where he grew communities and token holders by 20x. He is also a mentor at Techstars, Bitcoin Startup Lab, and CryptoOracle's Web3 x AI accelerator.
Sherman - Co-founder/GP. Sherman is a software engineer and entrepreneur with nearly a decade of experience investing in tech companies. He co-founded Raven Protocol, which focuses on decentralized compute for AI and machine learning, and has a technical and crypto-native orientation.
To pitch Deep Ventures, founders should visit their website at deepventures.io. The firm prefers pitches that include a clear overview of the startup's vision, market potential, and technological innovation. Founders should be prepared to provide detailed information about their business model and growth strategy.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are encouraged, as they can facilitate a more favorable review process.
In recent activity, Deep Ventures has made several notable investments. In December 2024, the firm invested in Torram, a Bitcoin-native decentralized oracle platform, and Kinto, although specific details about Kinto were not disclosed. Additionally, they co-invested with Lightning Ventures and Bitcoin Frontier Fund in OrdinalsBot, which provides Bitcoin Ordinals infrastructure.
Deep Ventures also invested in Numbers Protocol, which focuses on digital media provenance using blockchain technology. These investments highlight the firm's commitment to supporting innovative solutions within the blockchain sector.
What are Deep Ventures' investment criteria?
Deep Ventures focuses on early-stage startups in the blockchain sector, particularly those in pre-seed, seed, seed-plus, and Series A stages. The firm seeks companies that are developing Bitcoin-native infrastructure and integrating AI technologies.
How can founders apply or pitch to Deep Ventures?
Founders can submit their pitch or application through the Deep Ventures website at deepventures.io. The firm encourages startups with ambitious visions to reach out.
What makes Deep Ventures different from other venture capital firms?
Deep Ventures emphasizes community engagement and mentorship, providing portfolio companies with access to a network of industry experts. This community-first approach enhances the support offered to founders.
What is the geographic scope of Deep Ventures' investments?
Deep Ventures primarily invests in U.S.-based startups, ensuring that its investments align with the evolving blockchain landscape in the region.
What is the average check size for investments?
The average seed round size is approximately $2.33 million, while Series A rounds typically average around $3.5 million. This allows Deep Ventures to provide substantial support to its portfolio companies.
What kind of post-investment involvement does Deep Ventures have?
Deep Ventures maintains an active role in supporting its portfolio companies through mentorship, community engagement, and access to industry experts, enhancing the growth potential of its investments.
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