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Ocular Fund is a venture capital fund dedicated to the cryptocurrency and Web3 sectors, managed by Openspace Capital, a multi-stage asset manager based in Southeast Asia. Launched in early 2022, Ocular Fund aims to support founders in realizing their ambitious technological visions. The fund has a target size of $30 million and focuses on early-stage investments, primarily in the form of equity and token investments.
Currently, Ocular Fund manages a portfolio of 12 companies, leveraging its extensive network in Southeast Asia to identify promising opportunities in the rapidly evolving crypto market. The fund is part of Openspace Capital's broader strategy, which encompasses approximately $600–650 million in total committed capital across all its funds. This positioning allows Ocular to tap into a wealth of resources and expertise in the region.
Ocular Fund invests primarily in early-stage crypto startups and projects, with a specific focus on equity and token investments. The fund's check sizes range from $1 million to $3 million, targeting seed, seed+, and Series A stages. Ocular's geographical focus includes global opportunities, with a strong emphasis on Southeast Asia, where it leverages local insights and relationships to identify innovative projects.
The fund's investment strategy is centered on the cryptocurrency and Web3 sectors, which encompass a variety of applications, including gaming and decentralized finance (DeFi). Ocular Fund seeks to partner with ambitious founders who are pushing the boundaries of technology and are committed to building the future of digital assets. The firm values strong teams and innovative ideas that can disrupt traditional markets.
Ocular Fund's portfolio includes a diverse range of companies operating within the cryptocurrency and Web3 sectors. Notable portfolio companies include:
This portfolio reflects Ocular Fund's commitment to investing in innovative projects that are shaping the future of the crypto and gaming industries.
Amy Zhao: Lead at Ocular Fund, also a General Partner at Openspace Capital, with extensive experience in venture capital and a focus on the crypto sector.
Dennis Le: Director at Ocular Fund, bringing a wealth of knowledge in investment strategies and market analysis.
Matt Windsor: Vice President, responsible for sourcing and evaluating investment opportunities within the crypto and Web3 sectors.
Derek Goh: Associate, involved in due diligence and portfolio management, with a keen interest in emerging technologies.
Yi-wei Lin: Analyst, focusing on market research and analysis to support investment decisions.
Shane Chesson: Investment Committee Member, contributing insights and expertise in the evaluation of potential investments.
To pitch Ocular Fund, founders should utilize the contact information provided on their website or email directly at crypto@ocular.vc. It is advisable to include a comprehensive pitch deck that outlines the business model, market opportunity, and team background. Founders can expect a response within a reasonable timeframe, but it is beneficial to have a warm introduction if possible.
In March 2023, Ocular Fund participated in a $5 million seed round for STEPN, a move-to-earn NFT game on Solana, alongside notable investors such as Sequoia Capital and Alameda Research. This investment highlights Ocular's commitment to backing innovative projects in the gaming sector.
Since its launch in early 2022, Ocular Fund has been actively engaging with the crypto community, focusing on building a portfolio that spans various sectors within the Web3 space. The fund continues to seek out promising opportunities and expand its influence in the rapidly evolving cryptocurrency market.
What are Ocular Fund's investment criteria?
Ocular Fund primarily invests in early-stage crypto startups and projects, focusing on equity and token investments. The fund looks for innovative ideas and strong founding teams that can disrupt traditional markets.
How can I pitch to Ocular Fund?
Founders can pitch Ocular Fund through their website at ocular.vc or via email at crypto@ocular.vc. It is recommended to include a clear business model and market analysis in your pitch.
What makes Ocular Fund different from other investors?
Ocular Fund is uniquely positioned within the Southeast Asian market, leveraging local insights and relationships to identify promising opportunities in the crypto and Web3 sectors. Their focus on early-stage investments allows them to support founders from the ground up.
What is the geographical scope of Ocular Fund's investments?
Ocular Fund has a global investment strategy with a strong emphasis on Southeast Asia. This regional focus enables the fund to tap into local market dynamics and opportunities.
What is the typical check size for investments?
Ocular Fund typically invests between $1 million and $3 million in its portfolio companies, targeting seed, seed+, and Series A stages.
What kind of post-investment support does Ocular Fund provide?
Ocular Fund adds value to its portfolio companies through its extensive network in Southeast Asia, providing strategic guidance, access to local institutions, and corporate relationships that facilitate growth and innovation.
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