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Frictionless Capital is a venture capital firm founded in 2022 by Logan Jastremski and Diego Perez de Ayala. Based in the United States, the firm specializes in the cryptocurrency sector, particularly focusing on next-generation blockchains and applications. The firm operates with a concentrated portfolio approach, aiming to support innovative projects that can outperform the underlying networks in the blockchain ecosystem.
Currently, Frictionless Capital manages a fund size of $20 million and has invested in a total of 7 companies. The firm is actively raising funds for its third fund, targeting $60 million, which indicates a significant step up from its initial fund. The firm’s investment strategy is characterized by fewer, high-conviction bets based on thorough market analysis and first-principles research.
Frictionless Capital has established a strong reputation in the cryptocurrency space, backed by a notable roster of limited partners and advisors, including figures from leading blockchain projects. This reputation enhances their ability to attract promising startups and provides them with valuable insights into the market.
Frictionless Capital primarily invests in the cryptocurrency sector, with a strong emphasis on web3 and AI applications. The firm seeks to back founders who demonstrate relentless execution and innovative thinking, ensuring a concentrated portfolio that reflects deep conviction in each investment. Check sizes typically range from $1 million to $5 million, allowing the firm to make significant investments in high-potential projects.
The firm’s investment strategy is thesis-driven, focusing on next-generation blockchains and applications that exhibit unique value propositions. Frictionless Capital prioritizes projects that can leverage first-principles research to create innovative solutions within the blockchain ecosystem. This approach allows them to identify and support startups that have the potential to disrupt traditional markets.
Frictionless Capital's concentrated investment strategy means they prefer fewer, more impactful investments rather than a broad array of smaller bets. This focus enables them to provide deeper support and resources to their portfolio companies, enhancing their chances of success in a competitive landscape.
Frictionless Capital's portfolio includes several notable companies that contribute to the evolving landscape of blockchain technology:
These companies reflect Frictionless Capital's commitment to investing in high-potential projects within the cryptocurrency sector, particularly those that can leverage the capabilities of next-generation blockchains.
Logan Jastremski - Co-Founder and Managing Partner. Logan has a background in blockchain scalability and has appeared on podcasts discussing the future of cryptocurrency. He is known for his expertise in identifying high-potential projects within the blockchain space.
Diego Perez de Ayala - Co-Founder and Managing Partner. Diego brings extensive experience in venture capital and blockchain technology, contributing to the firm’s strategic direction and investment decisions.
To pitch Frictionless Capital, startups should use the preferred channel of their website at frictionless.fund or email hello@frictionless.capital. The pitch deck should include a clear overview of the business model, market opportunity, team background, and financial projections. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In August 2025, Frictionless Capital announced it is raising $60 million for its third fund, a significant increase from the $20 million raised for Fund I. This move reflects the firm's growth and confidence in its investment strategy.
Frictionless Capital has been actively investing in the Solana ecosystem and next-generation L1/L2 blockchains, focusing on projects that can leverage parallel processing and low latency to enhance blockchain capabilities.
What are Frictionless Capital's investment criteria?
Frictionless Capital focuses on the cryptocurrency sector, particularly next-generation blockchains and applications with unique value propositions. They seek founders who demonstrate relentless execution and innovative thinking.
How can startups apply or pitch to Frictionless Capital?
Startups can pitch to Frictionless Capital through their website at frictionless.fund or via email at hello@frictionless.capital. They should include a clear overview of their business model, market opportunity, and team background.
What makes Frictionless Capital different from other VCs?
The firm emphasizes a concentrated portfolio approach, making fewer but more impactful investments based on thorough market analysis and first-principles research. This strategy allows them to provide deeper support to their portfolio companies.
What is the geographic scope of Frictionless Capital's investments?
While based in the United States, Frictionless Capital has a global investment focus, targeting innovative projects in the cryptocurrency space worldwide.
What is the typical check size for investments?
Frictionless Capital typically invests between $1 million and $5 million in each portfolio company, allowing for significant stakes in high-potential startups.
What kind of post-investment involvement can portfolio companies expect?
Frictionless Capital provides strategic guidance and operational support to its portfolio companies, leveraging a strong network of advisors and limited partners to enhance their growth and market positioning.
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