
Eterna Capital
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)
Frequently Asked Questions
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