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Formless Capital is a venture capital fund based in San Francisco, established in 2021. The firm focuses on blockchain technologies and operates as a crypto-native fund, emphasizing cross-border investments primarily in North America and Europe. Formless Capital collaborates with accredited investors, institutional investors, and high-net-worth individuals to identify and support promising projects in the blockchain space.
As of now, the fund has invested in approximately 42 projects, showcasing its commitment to the blockchain sector. The firm has not publicly disclosed its fund size, but it is known for its seed and early-stage investment strategy. Notable milestones include significant participations in rounds for companies like C2X and Whydah, both at $25 million.
Formless Capital's investment strategy is centered on seed and early-stage investments, particularly in sectors such as GameFi, DeFi, and blockchain services. The firm evaluates potential investments based on team quality, technology, and market potential, ensuring a rigorous selection process for its portfolio. The fund's focus on blockchain technologies allows it to provide tailored insights and support to its portfolio companies.
Investment checks typically range from $2 million to $4 million, aligning with the firm's strategy to back innovative projects at their inception. Formless Capital maintains the capability to follow on in later funding rounds, which enhances its support for portfolio companies as they scale. The geographic focus remains on North America and Europe, positioning the fund to capitalize on emerging trends in these markets.
Formless Capital has invested in approximately 42 projects across various sectors within the blockchain space. The portfolio is diversified, with notable sectors including:
Some of the largest round participations include:
To pitch Formless Capital, founders should send an email to info@formless.capital. A comprehensive pitch deck is essential, detailing the business model, market opportunity, and team qualifications. The firm prefers to receive pitches via email rather than through online forms or portals.
Response times may vary, but founders should expect to hear back within a few weeks. Warm introductions can enhance the chances of receiving a timely response.
What are Formless Capital's investment criteria?
Formless Capital focuses on seed and early-stage investments in blockchain technologies. They evaluate potential investments based on team quality, technology, and market potential.
How can I pitch to Formless Capital?
Founders can reach out via email at info@formless.capital. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Formless Capital different from other VCs?
Formless Capital is a crypto-native fund that specializes exclusively in blockchain startups. Their deep understanding of the blockchain ecosystem allows them to provide tailored support to portfolio companies.
What is the geographic scope of Formless Capital's investments?
The firm primarily targets investments in North America and Europe, focusing on cross-border opportunities within the blockchain sector.
What is the typical check size for investments?
Formless Capital typically invests between $2 million and $4 million in seed and early-stage rounds.
What kind of support does Formless Capital provide post-investment?
The firm adds value through strategic guidance and leveraging its network of co-investment partners, helping portfolio companies navigate the unique challenges of the blockchain space.
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