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Paper Ventures is a venture capital firm founded in 2023, headquartered in London, UK. The firm launched its fund publicly in January 2024 with a hard cap of $25 million. The founding team consists of Danish Chaudhry, Oliver Blakey, and Ivailo Jordanov, all of whom have extensive backgrounds in Web3 and blockchain technology. Chaudhry previously scaled FMFW.io to 1.5 million users, while Blakey co-founded Ascensive Assets, a notable crypto VC. Jordanov has been involved in the Web3 investing space since 2010.
The firm focuses on early-stage investments, particularly in sectors such as blockchain, decentralized finance (DeFi), GameFi, and NFTs. Paper Ventures aims to maximize impact through strategic capital deployment and technical guidance, leveraging the founding team's deep industry connections and expertise. The firm has a portfolio of seven companies, reflecting its commitment to supporting innovative projects in the blockchain and technology sectors.
Paper Ventures invests in a variety of sectors related to blockchain technology, including artificial intelligence (AI), fintech, gaming, Zero-Knowledge (ZK) verification, intellectual property (IP), stablecoins, social finance (SocialFi), infrastructure, and security. The firm targets early-stage investments, specifically pre-seed, seed, seed-plus, Series A, and Series B rounds. The check sizes are not explicitly disclosed, but the fund size of $25 million suggests typical investments may range from approximately $250,000 to $1 million.
The investment thesis emphasizes the integration of advanced technologies and decentralized systems. Paper Ventures seeks projects that leverage these technologies to create impactful solutions. The firm values founders who demonstrate a strong vision and the ability to execute their ideas effectively. Co-investment patterns are likely, given the founding team's extensive network within the blockchain space.
Paper Ventures has a diverse portfolio of seven notable companies, each contributing to the blockchain and technology sectors:
This portfolio reflects Paper Ventures' commitment to investing in innovative projects that leverage blockchain technology and advanced systems.
Danish Chaudhry - Founder. Chaudhry has a background in traditional finance, having worked at Ernst & Young during the financial crisis and at BlackRock Equities. He founded and scaled FMFW.io (formerly Bitcoin.com Exchange) to 1.5 million users, showcasing his expertise in the blockchain space.
Oliver Blakey - Founder. Blakey is a former professional poker player and co-founder of Ascensive Assets, a well-known crypto VC. His experience in the crypto investment landscape adds significant value to Paper Ventures.
Ivailo Jordanov - Founder. Jordanov has been part of the Web3 investing cohort since 2010, contributing to the firm's deep understanding of the blockchain ecosystem.
To pitch Paper Ventures, founders should visit their website at paper.ventures. It is recommended to include a detailed pitch deck that outlines the business model, market opportunity, and team background. The firm does not specify a formal application process, but a well-structured pitch is essential for consideration. Response times may vary, so founders should be prepared for potential follow-up discussions.
In March 2026, Paper Ventures participated in a $6.5 million seed round for TAC, co-investing alongside Hack VC and Symbolic Capital. This investment highlights the firm's active deployment strategy following its fund launch in January 2024.
Paper Ventures launched its fund in January 2024 with a hard cap of $25 million, focusing on early-stage investments in blockchain and technology sectors. The firm has since built a portfolio of seven companies, reflecting its commitment to supporting innovative projects.
What are the investment criteria for Paper Ventures?
Paper Ventures focuses on early-stage investments in blockchain and technology sectors, including AI, fintech, gaming, and decentralized systems. They look for projects that leverage advanced technologies and demonstrate strong execution capabilities.
How can I pitch to Paper Ventures?
Founders can submit their pitches through the Paper Ventures website at paper.ventures. It is advisable to include a clear business model, market analysis, and the team’s background in the pitch deck.
What makes Paper Ventures different from other VC firms?
Paper Ventures combines capital with technical and commercial direction, leveraging the founding team's extensive experience in Web3 and blockchain technology to enhance the growth potential of their portfolio companies.
What is the geographic scope of Paper Ventures' investments?
The firm is based in London, UK, but invests in innovative projects globally, particularly those focused on blockchain technology.
What is the typical check size for investments?
While specific check sizes are not disclosed, the fund size of $25 million suggests that investments typically range from approximately $250,000 to $1 million.
What type of post-investment involvement does Paper Ventures have?
Paper Ventures provides not only capital but also technical guidance and commercial direction to its portfolio companies, leveraging their expertise in the blockchain space.
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