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Double Down

Double Down is an early-stage venture capital firm based in Miami, Florida, focused on consumer-oriented investments in the web3 space. The firm aims to facilitate mainstream adoption of web3 technologies through strategic brand and go-to-market initiatives.

Founded
2022
Recorded stages
Seed
Focus sectors
Web3, Consumer, Gaming, Media
Recorded regions
North America

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Overview

Double Down is a venture capital firm founded in November 2022 by Magdalena 'Mags' Kala, a former Bain Capital investor with extensive experience in consumer investments. The firm focuses on early-stage investments in web3 consumer startups, aiming to enhance mainstream adoption through thoughtful branding and market strategies. With a fund size of approximately $30 million, Double Down has made nine initial investments in various sectors including art, sports, education, and gaming. The firm is notable for its commitment to diversity, with 30% of its limited partners being female and 30% BIPOC.

Focus

The fund primarily targets early-stage investments in the web3 space, particularly in consumer-oriented applications. By leveraging its founder's extensive experience in consumer investing, Double Down seeks to identify and support innovative startups that are shaping the future of digital interaction and ownership.

Support

Double Down provides strategic support to its portfolio companies through its founder's extensive network and experience in consumer investing. The fund emphasizes collaboration and mentorship, aiming to empower startups to navigate the evolving web3 landscape effectively.

Questions

What are Double Down's investment criteria?

Double Down focuses on early-stage investments in web3 consumer startups, particularly those that resonate with consumer culture. The firm invests in sectors such as art, sports, education, music, media, personal finance, and gaming.

How can I pitch to Double Down?

Founders interested in pitching to Double Down should prepare a detailed deck that outlines their business model, market opportunity, and how their startup aligns with the fund's focus on web3 consumer applications. A warm introduction is preferred, but cold outreach is also accepted.

What is the typical check size for investments?

Double Down typically invests between $200,000 and $500,000 in seed-stage companies.

What makes Double Down different from other VC firms?

Double Down distinguishes itself by not only providing capital but also offering strategic guidance in branding and market entry, leveraging the founder's extensive experience in consumer investing.

What is the geographic focus of Double Down?

The firm primarily invests in North America, targeting startups that are positioned to drive mainstream adoption of web3 technologies.

What kind of support do portfolio companies receive?

Double Down emphasizes collaboration and mentorship, providing strategic support through its founder's extensive network and experience in consumer investing, helping startups navigate the evolving web3 landscape effectively.

Check your startup’s fit

Check your startup’s fit with Double Down

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