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ICONIUM

Europe, Lombardia, Italy, Milan

Description

ICONIUM is a prominent Milan-based venture capital firm and digital asset manager with a global focus on the burgeoning blockchain and Web3 ecosystem. Established with a clear mandate to back innovative projects, ICONIUM specializes in early-stage investments, primarily through blockchain-based token sales and strategic equity stakes in companies building the future of decentralized technologies. Their investment thesis revolves around identifying foundational infrastructure, decentralized finance (DeFi), gaming, and metaverse ventures that demonstrate strong technological innovation and market potential.

The firm employs a rigorous, research-driven approach to its investment decisions, often engaging actively with its portfolio companies to provide strategic guidance and foster growth. ICONIUM's typical investment tickets range from $250,000 to $5,000,000 per project, reflecting their commitment to providing substantial early-stage capital. This flexible check size allows them to participate in various funding rounds, from pre-seed to Series A, depending on the project's stage and capital requirements.

ICONIUM has built an impressive portfolio of over 30 investments in some of the most recognized and impactful blockchain projects globally. Notable investments include foundational layer-one protocols like Solana and Polkadot, leading DeFi platforms such as Aave and Compound, and prominent metaverse/gaming projects like The Sandbox and Immutable X. The firm has also demonstrated significant ambition, with its "ICONIUM Blockchain Fund I" targeting a substantial €100 million in assets under management (AUM), underscoring its capacity to deploy significant capital into the digital asset space. This strategic positioning solidifies ICONIUM's reputation as a key player in identifying and nurturing high-potential ventures within the rapidly evolving blockchain landscape.

Investor Profile

ICONIUM has backed more than 35 startups, with 1 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Secondary Market, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Singapore.
  • Strong thematic focus on Blockchain, Cryptocurrency, FinTech.
  • Typical check size: $250K – $5M.

Stage Focus

  • Secondary Market (40%)
  • Seed (23%)
  • Series Unknown (17%)
  • Initial Coin Offering (14%)
  • Series A (3%)
  • Private Equity (3%)

Country Focus

  • United States (26%)
  • United Kingdom (11%)
  • Singapore (9%)
  • Switzerland (9%)
  • Malta (6%)
  • France (6%)
  • South Korea (6%)
  • China (6%)
  • Canada (6%)
  • Saint Kitts and Nevis (3%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Fintech
  • Software
  • Information Technology
  • Financial Services
  • Bitcoin
  • Decentralized Finance (Defi)
  • Internet
  • Peer To Peer
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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 ICONIUM frequently co-invest with?

BlockTower Capital
North America, Florida, United States, Miami
Co-Investments: 2
Hashed
North America, California, United States, San Francisco
Co-Investments: 2
Arrington XRP Capital
North America, Washington, United States, Seattle
Co-Investments: 2
Hypersphere Ventures
North America, Florida, United States, Miami
Co-Investments: 2
Crypto.com Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
ArkStream Capital
North America, Midland, Cayman Islands, Grand Cayman
Co-Investments: 2
Fenbushi Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 2
Alliance DAO
North America, Illinois, United States, Chicago
Co-Investments: 2
Digital Finance Group (DFG)
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Blockchain.com Ventures
North America, California, United States, Palo Alto
Co-Investments: 2

Which angels does ICONIUM often collaborate with?

Harrison Uffindell
Oceania, Auckland, New Zealand, Auckland
Shared Deals: 1
JN
Asia, Pakistan
Shared Deals: 1
JS
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by ICONIUM?

Bittensor

Toronto, Ontario, Canada

Bittensor is an open-source protocol that powers a blockchain-based machine-learning network.

Artificial Intelligence (AI)BlockchainInformation TechnologySoftware
Secondary MarketSep 1, 2024
Aave

London, England, United Kingdom

Aave is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing.

CryptocurrencyDecentralized Finance (DeFi)FinanceFinancial ServicesFinTechOpen SourcePeer to PeerSoftwareVenture CapitalWeb3
Secondary MarketAug 4, 2023
Polygon

Washington, District of Columbia, United States

Polygon is a video game website founded in partnership with Vox Media.

EventsGamingInternetNewsVideoVideo Games
Secondary MarketJul 6, 2023
MCDEX

Beijing, Beijing, China

Fully permissionless protocol for decentralized perpetual swaps

BlockchainCryptocurrency
Secondary MarketApr 18, 2023
Radiant Capital

Hong Kong, Hong Kong Island, Hong Kong

Radiant Capital allows investors to lend and borrow digital assets across multiple chains.

AppsBlockchainCryptocurrencyFinance
Secondary MarketMar 10, 2023
SKALE Labs

San Francisco, California, United States

SKALE Labs is a blockchain scalability platform that provides high speed consensus and empowers dApps to run smart contracts.

BlockchainCryptocurrencyInformation TechnologyInternetInternet of ThingsSmart Contracts
Secondary MarketFeb 3, 2023
Automata

London, England, United Kingdom

Automata provides trading strategies for cryptocurrencies with a focus on risk management and capital protection.

BlockchainCryptocurrencyFinTech
Secondary MarketFeb 3, 2023
Covalent

Vancouver, British Columbia, Canada

Covalent is design to address a problem that is frequently overlooked: read-scalability.

BlockchainCryptocurrencyData IntegrationData VisualizationDatabaseDeveloper APIsEthereumFinTechInformation TechnologySoftware
Secondary MarketFeb 3, 2023
XDEFI Wallet

London, England, United Kingdom

One wallet for all your crypto. Join more than 200,000 people that trust XDEFI Wallet!

Cryptocurrency
Secondary MarketJan 25, 2022
LooksRare

New York, New York, United States

LooksRare is the NFT marketplace.

BlockchainCryptocurrencyMarketplaceVirtual Currency
Secondary MarketJan 13, 2022