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Reverie is a venture capital firm founded in 2021 and headquartered in New York. The firm specializes in early-stage investments, primarily at the pre-seed and seed stages, with a focus on Web3 infrastructure and protocols. Reverie aims to create generational companies that can thrive in the rapidly evolving technology landscape.
As of now, Reverie manages a $20 million fund, known as Reverie Fund One, which launched in September 2023. The firm has made approximately 40 pre-fund investments, including notable companies such as Osmosis, Sovereign Labs, and Orca. Reverie's team consists of experienced professionals with backgrounds in leading crypto investment firms, enhancing their ability to support startups effectively.
Reverie is anchored by two institutional investors based in the United States, which provides a solid foundation for its investment activities. The firm is actively involved in the global startup ecosystem, focusing on sectors such as Web3, AI, fintech, and healthcare.
Reverie invests in early-stage companies, specifically at the pre-seed and seed stages, with a strong emphasis on Web3 technologies. The firm is particularly interested in decentralized social media, security, and crypto startups. Reverie's investment strategy combines venture capital with advisory services, allowing them to provide deep technical insights into the projects they back.
The firm seeks to craft generational companies and protocols in the Web3 space, focusing on areas such as decentralized social media and security. Reverie values founders who demonstrate innovation and a strong vision for their projects. The firm prefers to engage in hands-on support, assisting with product iteration and ecosystem building, which enhances the likelihood of success for their portfolio companies.
Geographically, Reverie operates on a global scale, with a particular focus on North America. The firm maintains a generalist approach within the crypto sector, allowing for flexibility in investment opportunities across various sub-sectors.
Reverie's portfolio includes a diverse range of companies, with a total of six notable investments as of early 2026. The firm has made significant pre-fund investments in approximately 40 companies, including:
Several companies in Reverie's portfolio are focused on Web3 technologies, aligning with the firm's investment thesis. The firm has a strong track record of supporting innovative projects in the blockchain space.
Larry Sukernik: Co-Founder. Larry previously worked as an investor at Digital Currency Group (DCG), where he invested in notable companies such as Fireblocks and Dune Analytics. His expertise lies in crypto investments and market analysis.
Derek Hsue: Co-Founder. Derek has a background as an investor at Blockchain Capital, where he focused on early-stage blockchain projects. His experience in the crypto sector enhances Reverie's investment strategy.
Adyant Dagur: Analyst. Adyant supports the investment team with research and analysis, contributing to the firm's decision-making process.
To pitch Reverie, founders should submit their proposals through the firm's website at reverie.ooo. It is essential to include a well-structured pitch deck that outlines the startup's vision, market opportunity, and team qualifications. Reverie prefers warm introductions but is open to direct submissions as well.
Response times may vary, but founders can expect to hear back within a few weeks. Clear and concise communication in the pitch is crucial for capturing the firm's interest.
In September 2023, Reverie launched its first fund, Reverie Fund One, with a total size of $20 million. This fund is dedicated to investing in early-stage crypto companies, particularly in the Web3 sector.
Prior to the fund's launch, Reverie made approximately 40 smaller investments, including notable companies such as Osmosis, Sovereign Labs, and Orca. These investments demonstrate the firm's active engagement in the crypto space and its commitment to supporting innovative projects.
Reverie's team has also advised major projects like Compound and dYdX, further establishing their reputation in the blockchain ecosystem.
What are Reverie's investment criteria?
Reverie focuses on early-stage investments at the pre-seed and seed stages, primarily in the Web3 sector. The firm looks for innovative projects in decentralized social media, security, and crypto startups.
How can I pitch Reverie?
Founders can submit their pitch through the Reverie website at reverie.ooo. It is advisable to include a clear vision of the project, market potential, and the team’s background in the pitch deck.
What makes Reverie different from other VC firms?
Reverie combines venture capital with advisory services, providing deep technical insights and hands-on support to its portfolio companies. This approach enhances their ability to assist startups effectively.
What is Reverie's geographic scope?
Reverie operates globally, with a particular focus on North America. The firm is open to investments in various regions, depending on the potential of the startup.
What is the typical check size for Reverie's investments?
While specific check sizes are not disclosed, Reverie primarily invests at the pre-seed and seed stages, which typically involves smaller investments compared to later-stage funding.
What kind of post-investment involvement does Reverie have?
Reverie takes a hands-on approach post-investment, assisting portfolio companies with product iteration, ecosystem building, and valuable introductions within the crypto space.
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