DC

Dispersion Capital

North America, California, United States, San Francisco

Description

Dispersion Capital is a San Francisco-based venture capital firm dedicated to early-stage investments within the Web3 ecosystem. Launched with a $40 million debut fund, Dispersion Capital Fund I, the firm primarily targets pre-seed and seed-stage startups. Their investment thesis centers on supporting the foundational layers and innovative applications that will drive the next generation of the internet. Key areas of focus include Web3 infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming.

TheThe firm's strategic approach involves identifying promising projects that are building critical components for a decentralized future. They seek out teams with strong technical expertise and a clear vision for how their solutions will contribute to the broader Web3 landscape. Dispersion Capital is known for its hands-on approach, often providing portfolio companies with strategic guidance, network access, and operational support to help them navigate the complexities of the rapidly evolving blockchain industry.

Dispersion Capital typically deploys initial checks ranging from $250,000 to $1 million. This allows them to provide meaningful capital to nascent projects while maintaining flexibility for follow-on investments as companies mature. The firm's founders, Patrick Wu (formerly of Fenbushi Capital) and Kun Gao (co-founder of Crunchyroll), bring a blend of deep venture capital experience and successful entrepreneurial backgrounds, positioning Dispersion Capital as a knowledgeable partner for Web3 founders. Their commitment to the early stages of Web3 development underscores their belief in the transformative potential of decentralized technologies.

Investor Profile

Dispersion Capital has backed more than 27 startups, with 8 new investments in the last 12 months alone. The firm has led 3 rounds, about 11% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Israel, Hong Kong.
  • Strong thematic focus on Blockchain, Web3, Artificial Intelligence (AI).
  • Led 2 rounds in the past year.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (63%)
  • Pre Seed (22%)
  • Series A (15%)

Country Focus

  • United States (67%)
  • Israel (7%)
  • Hong Kong (7%)
  • Iceland (4%)
  • Canada (4%)
  • Sweden (4%)

Industry Focus

  • Blockchain
  • Web3
  • Artificial Intelligence (Ai)
  • Information Technology
  • Cryptocurrency
  • Software
  • Decentralized Finance (Defi)
  • Internet
  • Fintech
  • Apps
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Dispersion Capital frequently co-invest with?

NC
North America, New York, United States, New York
Co-Investments: 4
dao5
North America, Utah, United States, Virgin
Co-Investments: 4
BB
North America, California, United States, Palo Alto
Co-Investments: 4
Samsung NEXT
North America, California, United States, Mountain View
Co-Investments: 8
HashKey Capital
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 4
Hack VC
North America, California, United States, San Francisco
Co-Investments: 4
Foresight Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Symbolic Capital
North America, New York, United States, New York
Co-Investments: 6
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 5
Alchemy
North America, California, United States, San Francisco
Co-Investments: 4

Which angels does Dispersion Capital often collaborate with?

SC
North America, California, United States, San Francisco
Shared Deals: 1
Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 1
SA
North America, California, United States, Berkeley
Shared Deals: 1
Scott Moore
North America, Ontario, Canada, Toronto
Shared Deals: 3
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 1
Kevin Aluwi
Asia, Singapore
Shared Deals: 1
PT
North America, New York, United States, New York
Shared Deals: 1
JZ
North America, California, United States, Stanford
Shared Deals: 1
CL
North America, California, United States, San Francisco
Shared Deals: 1
EG
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Dispersion Capital?

ARO Network is a decentralized edge cloud platform focusing on power peer-to-peer content delivery.

Artificial Intelligence (AI)BlockchainCloud Computing
Pre SeedJul 28, 2025
Amount Raised: $2,100,000
Primus Labs

Hong Kong, Hong Kong Island, Hong Kong

Primus connects Web2 data to Web3, offering verified information to AI models while ensuring user privacy.

BlockchainCryptocurrencyWeb3
SeedFeb 20, 2025
Amount Raised: $6,500,000
Ammo

Mountain View, California, United States

Ammo is a developer of personalized AI agents, a modular embedding space that connects AI agents to generate value.

Artificial Intelligence (AI)Generative AIInformation Technology
Pre SeedFeb 10, 2025
Amount Raised: $2,500,000
Superlogic

Miami, Florida, United States

Superlogic is a tech company that offers experiential rewards network and AI-powered personalization.

BlockchainBrand MarketingCredit CardsE-Commerce PlatformsWeb3
Series AFeb 6, 2025
Amount Raised: $13,700,000
Primus

Hong Kong, Hong Kong Island, Hong Kong

Primus is an IT company that specializes in providing AI-powered intelligence in the Web3.

Artificial Intelligence (AI)Data IntegrationWeb Design
SeedJan 13, 2025
Amount Raised: $3,500,000

Agents World operates as an web3 AI firm.

Artificial Intelligence (AI)Web3
SeedSep 20, 2024
PIN AI

California City, California, United States

PIN AI makes personal on-device intelligence accessible to everyone, transforming digital footprints into a personal executive assistant.

Artificial Intelligence (AI)Information ServicesInformation Technology
Pre SeedSep 9, 2024
Amount Raised: $10,000,000
Pharos

Menlo Park, California, United States

Pharos is a developer of a full-stack parallel blockchain network that connects trustless Web3 developments with current FinTech services.

BlockchainCryptocurrencyFinTech
SeedSep 1, 2024
Amount Raised: $8,000,000
Sahara AI

Los Angeles, California, United States

Sahara AI is a decentralized AI network that enables freely and securely deploy autonomous AI with high-performance, privacy-first network.

Artificial Intelligence (AI)BlockchainDecentralized Finance (DeFi)Web3
Series AAug 14, 2024
Amount Raised: $37,000,000
Sentient

Incline Village, Nevada, United States

Sentient is an AI research organization fostering a new Open AGI Economy for AI Builders and Creators.

Artificial Intelligence (AI)Software
SeedJul 2, 2024
Amount Raised: $85,000,000