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Eterna Capital

Europe, England, United Kingdom, London

Description

Eterna Capital is a prominent London-based venture capital firm with a dedicated focus on the burgeoning blockchain and Web3 ecosystem. Co-founded by Andrea Baldereschi and Marco Materazzi, the firm has established itself as a key player in funding innovative projects at their nascent stages. Their investment strategy is centered on identifying and nurturing early-stage companies that are building foundational technologies and applications across various blockchain verticals.

The firm primarily targets pre-seed, seed, and Series A rounds, providing crucial capital to startups developing solutions in decentralized finance (DeFi), non-fungible tokens (NFTs), blockchain gaming, metaverse infrastructure, and other cutting-edge Web3 applications. Eterna Capital significantly bolstered its investment capacity in 2021, successfully raising a fund of up to $100 million. This substantial capital pool allows them to make meaningful initial investments and provide follow-on funding as their portfolio companies scale.

Beyond capital, Eterna Capital emphasizes a hands-on approach, offering strategic guidance, technical support, and access to their extensive network within the blockchain industry. They seek out projects with robust technology, clear market potential, and strong, visionary founding teams. To date, Eterna Capital has made over 15 investments, backing projects such as Rarible, a leading NFT marketplace, and Genopets, an innovative move-to-earn NFT game. Their commitment extends to helping founders navigate the complexities of the decentralized world, fostering long-term growth and success.

This strategic and supportive investment model positions Eterna Capital as a significant partner for early-stage blockchain ventures looking to disrupt traditional industries and build the future of the internet.

Investor Profile

Eterna Capital has backed more than 32 startups, with 3 new investments in the last 12 months alone. The firm has led 2 rounds, about 6% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Switzerland.
  • Strong thematic focus on Blockchain, Software, Financial Services.
  • Led 1 rounds in the past year.
  • Typical check size: $250K – $2M.

Stage Focus

  • Seed (50%)
  • Pre Seed (19%)
  • Series Unknown (16%)
  • Series B (6%)
  • Series A (6%)
  • Corporate Round (3%)

Country Focus

  • United States (56%)
  • United Kingdom (19%)
  • Switzerland (3%)
  • Poland (3%)
  • Hong Kong (3%)
  • Marshall Islands (3%)
  • France (3%)
  • Singapore (3%)

Industry Focus

  • Blockchain
  • Software
  • Financial Services
  • Cryptocurrency
  • Web3
  • Fintech
  • Internet
  • Artificial Intelligence (Ai)
  • Web Development
  • Decentralized Finance (Defi)
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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 Eterna Capital frequently co-invest with?

Borderless Capital
North America, Georgia, United States, Atlanta
Co-Investments: 6
WAGMI Ventures
North America, New York, United States, New York
Co-Investments: 3
OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 4
BlockTower Capital
North America, Florida, United States, Miami
Co-Investments: 3
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Kenetic
Asia, Hong Kong Island, Hong Kong, Central
Co-Investments: 3
MH Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
gumi Cryptos Capital (gCC)
North America, California, United States, San Francisco
Co-Investments: 3
Foresight Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 4

Which angels does Eterna Capital often collaborate with?

SD
Europe, England, United Kingdom, London
Shared Deals: 1
Noam Kaiser
Asia, Tel Aviv, Israel, Tel Aviv
Shared Deals: 1
RH
Europe, England, United Kingdom, London
Shared Deals: 1
AO
North America, California, United States, San Francisco
Shared Deals: 1
GB
North America, California, United States, San Francisco
Shared Deals: 3
PT
North America, New York, United States, New York
Shared Deals: 2
ND
North America, Massachusetts, United States, Boston
Shared Deals: 1
CS
North America, Washington, United States, Kirkland
Shared Deals: 1
CL
North America, New York, United States, New York
Shared Deals: 1
MA
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Eterna Capital?

Stoffel MPC is a platform for developers looking to create applications that prioritize privacy.

Data ManagementFinancial ServicesWeb3
Pre SeedMar 21, 2025
Amount Raised: $1,600,000
Rena Labs

New York, New York, United States

Rena Labs develops TEE abstraction middleware to support verifiable AI applications.

Artificial Intelligence (AI)BlockchainMachine LearningSoftware
Pre SeedJan 9, 2025
Amount Raised: $3,300,000
Bluesky

Seattle, Washington, United States

Bluesky is a social media platform fostering open connections and creativity.

AppsMessagingSocial MediaSocial Network
Series AOct 24, 2024
Amount Raised: $15,000,000
Camp Network

Virginia Beach, Virginia, United States

Camp Network is a provider of online registration, payment, website design, and marketing for camps, clinics and tournaments.

AdvertisingInformation TechnologySoftwareWeb Design
SeedApr 2, 2024
Amount Raised: $4,000,000
0G Labs

San Francisco, California, United States

0G Labs is a technology startup that focuses on new solutions, particularly in blockchain technology and decentralization.

Artificial Intelligence (AI)BlockchainCryptocurrencyWeb3
Pre SeedMar 25, 2024
Amount Raised: $35,000,000
Blockus

Santa Monica, California, United States

Blockus is your complete Web3 gaming economy ecosystem. Beautifully built, fully compliant, seamlessly integrated into your game.

BlockchainCryptocurrencyGamingMarketplaceWeb3
Pre SeedMar 11, 2024
Amount Raised: $4,000,000
Superfluid Finance

London, England, United Kingdom

Superfluid Finance is on a mission to transform the way assets move in decentralized finance.

ComputerDecentralized Finance (DeFi)Financial Services
SeedFeb 22, 2024
Amount Raised: $5,100,000
Movement Labs

San Francisco, California, United States

Movement Labs is a modular framework platform that builds and deploys move-based blockchains and applications in distributed settings.

BlockchainBusiness IntelligenceCloud ComputingNetwork Security
SeedJan 10, 2024
Kakarot Labs

Paris, Ile-de-France, France

Kakarot Labs is an Ethereum Virtual Machine written in Cairo.

Machine Learning
SeedNov 14, 2023
Stix.co

Warsaw, Mazowieckie, Poland

Stix is the largest OTC platform for secondary market liquidity for Digital Assets

Decentralized Finance (DeFi)Financial ServicesFinTech
SeedOct 25, 2023
Amount Raised: $2,700,000