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WWVentures is a boutique venture capital fund established to focus on early-stage web3 and cryptocurrency companies. Founded in 2022, the firm has a total fund size of $15 million, which was raised to support innovative projects in the blockchain space. The fund is backed by notable figures from the gaming, sports, and content creation industries, including prominent influencers and athletes.
Currently, WWVentures operates with a global investment strategy, targeting early-stage projects across various sectors within the web3 ecosystem. The firm emphasizes community-building and social capital, which are integral to its investment philosophy. By leveraging its unique network, WWVentures aims to enhance the growth and adoption of its portfolio companies.
As of now, WWVentures has invested in five companies, showcasing its commitment to fostering innovation in the web3 space. The firm is headquartered online, with no specific physical office location disclosed, reflecting its modern approach to venture capital.
WWVentures primarily invests in web3 and cryptocurrency projects, with a strong emphasis on decentralized finance (DeFi), infrastructure, tooling, gaming, and the metaverse. The fund allocates approximately 80% of its investments to token-based projects, while the remaining 20% is directed towards equity investments. This strategic allocation allows WWVentures to capitalize on the rapidly evolving blockchain technology landscape.
The firm seeks to partner with founders who are building community-driven products that require significant user adoption. WWVentures values projects that can leverage its extensive network of high-profile LPs, who not only provide financial backing but also social capital and community engagement. This unique approach differentiates WWVentures from other venture capital firms, as it focuses on the importance of community in the success of web3 products.
Investment check sizes typically range from $250,000 to $500,000, making WWVentures an attractive option for early-stage startups looking for substantial initial funding. The firm maintains a global geographic focus, ensuring that it can tap into innovative projects from various regions.
WWVentures has invested in a diverse range of companies within the web3 and cryptocurrency sectors. The current portfolio includes:
These investments reflect WWVentures' commitment to supporting innovative projects that are at the forefront of the web3 revolution.
MrBeast: Notable YouTube creator and influencer, known for his massive following and engagement in the gaming and content creation space.
Fresh: Gaming content creator with a significant online presence, contributing to the fund's focus on community-driven projects.
Lazarbeam: Australian gaming content creator, recognized for his influence in the gaming community.
Lachlan: Another prominent gaming content creator, adding to the fund's diverse LP base.
Tobias Harris: NBA player for the Philadelphia 76ers, bringing a sports perspective to the fund's investment strategy.
Michael Bisping: Former UFC Middleweight Champion, whose involvement enhances the fund's credibility in the sports and entertainment sectors.
Trent Alexander-Arnold: Liverpool FC and England footballer, contributing to the fund's strong ties in the sports industry.
To pitch WWVentures, founders should visit their website and use the provided contact email. A well-structured pitch deck is essential, including key information about the startup, market analysis, and the team’s background.
It is advisable to highlight how the project aligns with WWVentures' focus on community engagement and social capital. Founders should expect a response within a few weeks, but timelines may vary based on the volume of inquiries.
In September 2022, WWVentures successfully closed its first fund at $15 million, aimed at supporting early-stage web3 and cryptocurrency companies. This milestone was covered by various media outlets, including FinSMEs.
Recently, WWVentures participated in a $12 million Series A funding round for Cube.Exchange, a web3 crypto exchange, highlighting the fund's active engagement in the market.
As of April 2023, WWVentures continues to seek innovative projects in the web3 space, leveraging its network of high-profile LPs to enhance its portfolio's visibility and growth potential.
What are WWVentures' investment criteria?
WWVentures focuses on early-stage web3 and cryptocurrency companies, particularly in sectors like DeFi, gaming, and infrastructure. The firm allocates 80% of its investments to token-based projects and 20% to equity investments.
How can I pitch to WWVentures?
Founders can pitch their projects by visiting the WWVentures website and using the contact email provided. A well-prepared pitch deck should include details about the project, the team, market potential, and how the project aligns with WWVentures' investment thesis.
What makes WWVentures different from other VCs?
WWVentures differentiates itself through its community-first approach and its network of high-profile LPs who provide not only financial support but also social capital. This unique backing helps portfolio companies gain visibility and traction in the competitive web3 landscape.
What is the typical check size for investments?
WWVentures typically invests between $250,000 and $500,000 in each project, making it suitable for early-stage startups seeking substantial funding.
What geographic areas does WWVentures target?
The firm has a global investment reach, targeting innovative projects in the web3 and cryptocurrency sectors from various regions around the world.
What kind of post-investment support does WWVentures provide?
WWVentures offers significant value to its portfolio companies through its extensive network of LPs, who assist with community engagement and visibility, which are crucial for the success of web3 projects.
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