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Primitive Ventures is a venture capital firm founded in 2018 and based in the United States. The firm focuses on early-stage investments in the blockchain and cryptocurrency sectors, emphasizing a thesis-driven approach. This strategy allows them to target innovative technologies and applications within the blockchain ecosystem. As of now, Primitive Ventures has built a portfolio of over 41 companies, showcasing its commitment to the rapidly evolving crypto landscape.
The firm operates with a team-owned structure, which aligns the interests of the general partners with the performance of their investments. Led by industry veteran Dovey Wan, along with partners Eric Meltzer and Ameen Soleimani, Primitive Ventures has established itself as a significant player in the blockchain investment space. The firm primarily invests in the United States, focusing on pre-seed, seed, and Series A stages.
Since its inception, Primitive Ventures has aimed to support the development of transformative solutions in the crypto space. Their notable milestones include a diverse portfolio that spans various sectors within blockchain technology, including infrastructure, DeFi, NFTs, and Web3 protocols.
Primitive Ventures invests in early-stage blockchain projects, specifically targeting sectors such as infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 protocols. The firm adopts a long-term holding strategy, positioning itself as a global crypto asset holding company. Their check sizes typically range from $100,000 to $10 million, allowing them to support a variety of projects at different stages of development.
The firm emphasizes a thesis-driven investment approach, which means they carefully evaluate each opportunity based on its potential to innovate and disrupt the blockchain ecosystem. They look for founders who demonstrate a strong vision and the ability to execute their ideas effectively. Additionally, Primitive Ventures is known for providing strategic support and resources to its portfolio companies, helping them navigate challenges and capitalize on opportunities in the rapidly evolving crypto landscape.
Primitive Ventures has built a diverse portfolio of over 41 companies, focusing on various aspects of the blockchain ecosystem. Notable portfolio companies include:
These companies represent a mix of innovative technologies and applications within the blockchain sector, showcasing Primitive Ventures' commitment to supporting transformative solutions in the crypto space.
Dovey Wan: Founding Partner at Primitive Ventures, Dovey has extensive experience in the blockchain and cryptocurrency sectors. She is recognized as a prominent voice in crypto VC and has been involved in numerous successful investments.
Eric Meltzer: Managing Partner, Eric brings a wealth of knowledge in venture capital and blockchain technology. His expertise includes evaluating early-stage projects and guiding them through their growth phases.
Ameen Soleimani: Partner at Primitive Ventures, Ameen has a strong background in blockchain applications and has been instrumental in identifying promising investment opportunities within the sector.
To pitch to Primitive Ventures, founders should visit their website at primitive.ventures. It is recommended to include a detailed deck that outlines the business model, market opportunity, and team qualifications. The firm typically responds to pitches within a reasonable timeframe, but founders should be prepared for varying response times based on the volume of submissions.
On February 4, 2026, Primitive Ventures made a significant investment in Opinion Labs, contributing $20 million to the round. This investment reflects the firm's ongoing commitment to supporting innovative projects in the blockchain space. Additionally, they invested $20 million in aPriori, a leading MEV infrastructure company, further diversifying their portfolio.
Primitive Ventures remains active in the market, with a total of 41+ portfolio companies. Their recent investments indicate a continued focus on early-stage blockchain projects, aligning with their thesis-driven investment strategy.
What are the investment criteria for Primitive Ventures?
Primitive Ventures focuses on early-stage blockchain projects, particularly in sectors like infrastructure, DeFi, NFTs, and Web3 protocols. They seek innovative technologies and applications that have the potential to disrupt the market.
How can founders apply or pitch to Primitive Ventures?
Founders can pitch their ideas by visiting the Primitive Ventures website at primitive.ventures. It is advisable to provide a clear and concise presentation of the business model, market opportunity, and team background.
What makes Primitive Ventures different from other venture capital firms?
Primitive Ventures is distinguished by its thesis-driven investment approach and its focus on the blockchain sector. The firm is fully owned by its team, which aligns their interests with the performance of their investments.
What is the geographic scope of Primitive Ventures' investments?
The firm primarily invests in the United States, focusing on early-stage projects within the blockchain ecosystem.
What is the typical check size for investments?
Primitive Ventures typically invests between $100,000 and $10 million in their portfolio companies, depending on the stage and potential of the project.
What kind of post-investment involvement does Primitive Ventures have?
Primitive Ventures provides strategic support and resources to its portfolio companies, helping them navigate challenges and capitalize on opportunities in the rapidly evolving crypto landscape.
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