Nomad Capital
Description
Nomad Capital is a prominent venture capital firm exclusively focused on the blockchain and cryptocurrency sectors, headquartered in New York City. Co-founded by Spencer Noon and Dan Zuller, the firm has established itself as a key investor in foundational Web3 infrastructure and decentralized technologies. Spencer Noon, a well-regarded voice in the crypto space, brings deep industry insights that shape the firm's investment thesis, often shared through his widely followed market commentary.
The firm's investment strategy centers on identifying and backing early-stage projects with high potential to become critical components of the decentralized internet. Nomad Capital typically participates in seed and Series A rounds, demonstrating a strong conviction in long-term trends rather than short-term market fluctuations. Their portfolio boasts an impressive roster of leading crypto infrastructure projects, including LayerZero, Celestia, EigenLayer, Scroll, Arbitrum, Optimism, zkSync, and StarkWare, all of which are pivotal in scaling and securing the blockchain ecosystem.
Nomad Capital maintains an active investment pace, reflecting its commitment to the rapidly evolving crypto landscape. As of early 2024, the firm has reportedly made over 50 investments, with Crunchbase listing 53 distinct investments across various sub-sectors of the crypto economy. Nomad Capital typically deploys first checks ranging from $500,000 to $5 million, indicating a focus on meaningful, impactful investments in projects they believe will drive significant innovation and adoption within the Web3 space. Their strategic capital and deep network make them a sought-after partner for crypto founders.
Investor Profile
Nomad Capital has backed more than 33 startups, with 11 new investments in the last 12 months alone. The firm has led 2 rounds, about 6% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, Singapore, United Arab Emirates.
- Strong thematic focus on Blockchain, Cryptocurrency, Information Technology.
- Typical check size: $500K – $5M.
Stage Focus
- Seed (67%)
- Series A (15%)
- Series Unknown (12%)
- Series B (3%)
- Pre Seed (3%)
Country Focus
- United States (36%)
- Singapore (9%)
- United Arab Emirates (6%)
- Canada (6%)
- Bahamas (6%)
- United Kingdom (6%)
- Cayman Islands (3%)
- Australia (3%)
- Switzerland (3%)
- Argentina (3%)
Industry Focus
- Blockchain
- Cryptocurrency
- Information Technology
- Web3
- Software
- Artificial Intelligence (Ai)
- Financial Services
- Decentralized Finance (Defi)
- Information Services
- Internet
Frequently Asked Questions
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