Primitive Ventures

Primitive Ventures is a prominent San Francisco-based venture capital firm specializing in blockchain and cryptocurrency technologies. Co-founded in 2018 by well-respected industry veterans Dovey Wan and Eric Meltzer, the firm has quickly established itself as a key early-stage investor in the rapidly evolving Web3 ecosystem. Primitive Ventures is known for its deep expertise and global perspective, particularly its insights into both Western and Asian crypto markets, making it a bridge for projects seeking international reach.

The firm's investment thesis centers on identifying and supporting foundational technologies and disruptive applications within the blockchain space. They typically focus on pre-seed and seed-stage companies, providing not just capital but also strategic guidance and network access. Primitive Ventures seeks out projects that demonstrate strong technical innovation, clear market fit, and the potential for long-term impact across various sectors, including decentralized finance (DeFi), non-fungible tokens (NFTs), infrastructure, and layer-one protocols. Their hands-on approach involves working closely with founders to navigate the complexities of building in a nascent industry.

Primitive Ventures has built a diverse portfolio of promising blockchain companies, reflecting their commitment to the future of decentralized technologies. As of early 2024, their portfolio includes investments in over 40 companies, showcasing their active participation in the crypto venture landscape. While specific check sizes can vary based on the stage and needs of the project, Primitive Ventures typically deploys initial capital ranging from $250,000 to $1,500,000 for early-stage rounds. Their strategic investments aim to foster the growth of a more open, transparent, and decentralized internet.