Ethereal Ventures

Catalyzing the Onchain Frontier

We believe that permissionless networks and digital assets are driving a paradigm shift for civilization, bringing sovereignty, ownership, and access to communities everywhere.

Ethereal invests globally, scaling companies from inception to growth and beyond to reach new heights.

REACH OUT

About us

Ethereal Ventures supports extraordinary founders from day one, incubating, accelerating, and co-building with our team of operators, former founders, technical and security experts, and more.

We believe open and composable systems will outpace closed incumbents, leaving an endless amount of market opportunity for startups that want to redefine commerce and communication as we know it.

Ethereal Ventures supports extraordinary founders from day one, incubating, accelerating, and co-building with our team of operators, former founders, technical and security experts, and more.

We believe open and composable systems will outpace closed incumbents, leaving an endless amount of market opportunity for startups that want to redefine commerce and communication as we know it.

Our Portfolio

Infrastructure

DeFi

Identity

Staking

Infrastructure

Invested

Infrastructure

Credit

DeFi

Social

TRUST MATTERS

Founders that believe in us

Founders that
believe in us

Mara Schmiedt

Alluvial

Ethereal has been a deeply engaged partner to Alluvial, consistently showing up with a builder’s mindset. They don’t just offer strategic guidance, but are also willing to dive into the details and work alongside us to solve real challenges. Their hands-on approach and commitment had been invaluable to us.

Sreeram Kannan

EigenCloud

Ethereal Ventures offered the first term sheet for our seed round at Eigen Labs, and have been an excellent partner since day 1. In the early stages of a project, it is extremely helpful to have a VC who will go out of the way to bat for your project: Ethereal exemplifies that behavior. Min, Praneeth and the rest of the team are always on the look out for ways to help and add value. I am delighted we took the opportunity to work with them, and would recommend them strongly to other early stage crypto founders.

Joe and Zac

Aztec

Joe, Min and the Ethereal team have been fantastic partners for us at Aztec over the last 4 years. Joe has been an active director on our board since inception, providing wisdom, counsel and legitimacy for us as a startup in an un-chartered frontier space. Min and the rest of the Ethereal team has dedicated more time than we could imagine for hands-on help and advice, candid feedback, and friendship over the years.

Sreeram Kannan

EigenLayer

Sreeram Kannan

EigenLayer

Sreeram Kannan

EigenLayer

Sreeram Kannan

EigenLayer

Our principles

Founder Forward

We meet founders where they are, working with them on all areas operationally, and respect their vision as the core source of innovation.

Building Together

We don’t just invest in founders, we build with them. We go deep on technical architecture, protocols, and research, and leave no founder without a helping hand.

Go-to-Market Excellence

We leverage our deep network and market insights to help founders find product-market fit, scale efficiently, and build global products.

Responsible Innovation

We back projects that strike a balance between ambition and empathy, avoiding extractive models and prioritizing systems that are user-centric and uplift rather than exploit.

Perspectives

All perspectives

DeFi Needs a Better Control Plane

This April was an important stress test for how we talk about DeFi security. The lazy narrative is that DeFi was hacked again, and therefore, DeFi is unsafe. The better framing is this: DeFi’s application layer has matured faster than its control plane.

Joe Lubin - Where Ethereum Goes From Here

Joe Lubin, Ethereum co-founder and Chairman and Managing Partner of Ethereal Ventures, joins CNBC ‘Fast Money’ to talk Ethereum and broader crypto adoption.

a computer generated image of a red diamond

Opportunities for Innovators This Year

We took some time at the end of last year to step back and gather our collective view on where the market is heading, and to pressure-test it against the theses we’ve been compounding over the last several cycles.