North Island Ventures

North Island Ventures is a New York-based venture capital firm with a dedicated focus on the burgeoning blockchain and Web3 ecosystems. Co-founded by Glenn Hutchins, a co-founder of Silver Lake, and James Hutchins, the firm leverages deep expertise from both traditional finance and cutting-edge technology to identify and support transformative companies in the crypto space. Their investment philosophy centers on backing foundational infrastructure, decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and other innovative applications that are shaping the future of the internet.

The firm adopts a long-term, hands-on approach, providing not just capital but also strategic guidance and network access to its portfolio companies. North Island Ventures is known for its commitment to supporting founders from the earliest stages, helping them navigate the complexities of a rapidly evolving industry. They seek out teams with strong technical capabilities and a clear vision for how their solutions will contribute to the broader adoption and utility of blockchain technology.

North Island Ventures has successfully raised multiple funds to fuel its investment strategy. Their inaugural dedicated crypto fund, North Island Ventures I, closed with $72 million in capital, demonstrating early conviction in the sector. Building on this success, they subsequently launched North Island Ventures II, securing $125 million to continue their investment activities. The firm typically targets early-stage opportunities, including seed and Series A rounds, with initial check sizes generally ranging from $500,000 to $5,000,000, though they have the capacity to participate in larger follow-on rounds.

Their portfolio reflects a diverse range of investments across the crypto landscape, including companies focused on digital asset infrastructure, blockchain gaming, and decentralized applications. North Island Ventures positions itself as a strategic partner for entrepreneurs building the next generation of the internet, providing critical support and capital to help promising projects achieve scale and impact.