
RW3 Ventures
Description
RW3 Ventures is a New York-based venture capital firm specializing in the burgeoning intersection of blockchain technology and traditional finance. Co-founded by Pete R. Najarian and David S. Nage, the firm leverages its partners' extensive experience across both sectors. Najarian, formerly CFO of Coinbase and a Partner at Andreessen Horowitz, brings deep insights into the crypto ecosystem's operational and investment landscapes. Nage, with a background rooted in digital asset investment at Arca, complements this with a strong understanding of market dynamics and emerging protocols. This combined expertise positions RW3 Ventures as a strategic partner for companies navigating the complex convergence of these two powerful industries.
The firm's investment thesis is sharply focused on building the foundational infrastructure, innovative applications, and critical protocols that will underpin the future of digital assets. This includes areas such as decentralized finance (DeFi), Web3 infrastructure, and other technologies facilitating the seamless integration of digital assets into mainstream financial systems. RW3 Ventures seeks out early-stage companies, typically at the Seed or Series A stage, that are developing solutions to bridge the gap between nascent blockchain capabilities and established financial paradigms. Their strategic approach aims to identify and nurture ventures poised to drive significant transformation in how value is created, exchanged, and managed in a tokenized economy.
In 2022, RW3 Ventures successfully closed its inaugural fund, RW3 Ventures Fund I, LP, raising $60 million to deploy into its targeted sectors. This fund size enables the firm to make meaningful early-stage investments while also reserving capital for follow-on rounds in promising portfolio companies. While specific check sizes can vary based on the stage and needs of the company, RW3 Ventures typically deploys initial capital ranging from approximately $1,000,000 to $7,000,000. This range allows them to participate in both seed-stage rounds requiring foundational capital and more substantial Series A rounds that demand greater financial backing for scaling operations. Their commitment to this niche reflects a belief in the long-term potential of digital assets to reshape global finance.
Investor Profile
RW3 Ventures has backed more than 29 startups, with 4 new investments in the last 12 months alone. The firm has led 9 rounds, about 31% 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, Canada, South Korea.
- Strong thematic focus on Blockchain, Software, Gaming.
- Led 1 rounds in the past year.
- Typical check size: $1M – $7M.
Stage Focus
- Seed (48%)
- Series A (21%)
- Series Unknown (21%)
- Pre Seed (7%)
- Undisclosed (3%)
Country Focus
- United States (66%)
- Canada (10%)
- South Korea (7%)
- United Arab Emirates (3%)
- Germany (3%)
Industry Focus
- Blockchain
- Software
- Gaming
- Cryptocurrency
- Web3
- Financial Services
- Fintech
- Ethereum
- Iaas
- Paas
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.