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North Island Ventures (NIV) is a crypto investment firm founded in 2020 and based in the United States. The firm focuses on providing capital and support to founders in the cryptocurrency and blockchain sectors. NIV has established itself as a key player in the early-stage investment landscape, particularly within the rapidly evolving crypto market.
As of now, North Island Ventures manages over $300 million in assets under management (AUM) and has completed 30 investments across various companies and protocols. The firm closed its second fund at $125 million in September 2022, targeting 30 to 40 early-stage investments. This growth reflects the increasing demand for capital in the crypto space and NIV's commitment to supporting innovative startups.
Located in New York City, NIV benefits from its proximity to a vibrant tech ecosystem. The firm has built a strong reputation for its focus on transformative technologies, particularly in the realms of financial services and blockchain applications.
NIV invests primarily in early-stage cryptocurrency and blockchain startups, with a check size ranging from $1 million to $5 million. The firm targets various use cases and verticals within the crypto space, including decentralized finance (DeFi), digital collectibles, and on-chain neobanking. Their investment strategy is grounded in the belief that cryptocurrency represents a new enabling technology that will transform financial services and other sectors.
The firm is particularly interested in projects that leverage blockchain technology to create innovative solutions. NIV's investment thesis emphasizes the potential of crypto to forge an invisible, interoperable network-of-networks, facilitating seamless and secure exchanges of value across national and institutional borders. This forward-thinking approach positions NIV as a significant player in the evolving landscape of financial technology.
NIV's portfolio includes a diverse range of investments in the crypto and blockchain space. Notable companies in their portfolio include:
Other investments include projects focused on cross-border stablecoin payments, digital collectibles and games, on-chain neobanking, and DeFi liquidity layers. The firm’s portfolio reflects its commitment to supporting innovative projects that leverage blockchain technology.
Travis Scher - Co-Founder and Managing Partner. Travis has extensive experience in the crypto and blockchain sectors, having led multiple investments in innovative startups.
James Hutchins - Co-Founder and General Partner. James brings a wealth of knowledge in early-stage investing and has a strong background in technology and finance.
Glenn Hutchins - Co-Founder and Chairman. Glenn is a prominent private equity investor and co-founder of Silver Lake Partners, lending significant institutional credibility to NIV.
Sam Andrew - Director of Research. Sam focuses on market analysis and investment strategy, providing insights that guide the firm’s investment decisions.
Greg Rosenthal - Principal. Greg plays a key role in sourcing and evaluating investment opportunities within the crypto space.
Rob Williams - Associate. Rob supports the investment team in due diligence and portfolio management.
Michael McCann - Research Analyst. Michael conducts research on market trends and emerging technologies in the blockchain sector.
Charles Moran - Chief Operating Officer. Charles oversees the firm’s operations and ensures efficient management of resources.
Shivank Kumar - General Counsel and Chief Compliance Officer. Shivank manages legal and compliance matters, ensuring adherence to regulatory requirements.
David Hatch - Chief Technology Officer. David leads the firm’s technology initiatives and supports portfolio companies in their tech development.
To pitch North Island Ventures, founders should visit their website at northisland.ventures. The firm prefers detailed pitch decks that outline the business model, market opportunity, and technology use cases. A clear articulation of how the startup plans to leverage blockchain technology is essential.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are encouraged, as they can facilitate the review process.
In September 2022, North Island Ventures closed its second fund at $125 million, targeting 30 to 40 early-stage investments in the cryptocurrency and blockchain sectors. This fund aims to support innovative projects that leverage blockchain technology.
Notable portfolio companies include Blockchain Lending and Trading, which has successfully gone public, and a Web3 Security Platform that has been acquired. These exits highlight NIV's ability to identify and support high-potential startups in the crypto space.
What are North Island Ventures' investment criteria?
NIV focuses on early-stage investments in cryptocurrency and blockchain startups, typically providing funding in the range of $1 million to $5 million. The firm looks for innovative projects that leverage blockchain technology across various use cases.
How can founders apply or pitch to North Island Ventures?
Founders interested in pitching to NIV can visit their website at northisland.ventures. The firm encourages startups to provide detailed information about their business model, market potential, and how they plan to utilize blockchain technology.
What makes North Island Ventures different from other investors?
NIV distinguishes itself through its specialized focus on the cryptocurrency and blockchain sectors. The firm combines capital investment with strategic guidance and operational support, leveraging the expertise of its experienced team in the crypto space.
What is the geographic scope of North Island Ventures' investments?
NIV primarily targets investments within the United States, focusing on the growing crypto ecosystem in the region. The firm is particularly interested in innovative projects that emerge from this landscape.
What is the typical follow-on investment behavior of North Island Ventures?
NIV is committed to supporting its portfolio companies beyond the initial investment. The firm provides ongoing operational support and strategic guidance, which may include follow-on investments as companies grow and require additional capital.
What is the fund size and check size for North Island Ventures?
NIV's second fund closed at $125 million, with check sizes typically ranging from $1 million to $5 million for early-stage investments.
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