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Side Door Ventures

North America, California, United States, San Francisco

Description

Side Door Ventures (SDV) is a San Francisco-based venture capital firm established by Elizabeth Yin and Eric Bahn, notable for also co-founding Hustle Fund. Launched with a distinctive philosophy, SDV aims to back “audacious founders building tomorrow’s life-changing companies,” operating under the mantra, “The Future Starts at the Fringe.” This approach signifies their interest in unconventional ideas and overlooked entrepreneurs, positioning themselves as a crucial early-stage partner for nascent ventures.

The firm primarily focuses on pre-seed and seed-stage investments, often serving as the first institutional check for promising startups. Side Door Ventures is known for its commitment to supporting founders who might be underestimated or pursuing concepts that are initially perceived as niche or unconventional. Their typical initial investment ranges from $250,000 to $1 million, reflecting their strategy of providing foundational capital to help companies gain initial traction and prove their concepts.

Since its inception, Side Door Ventures has rapidly expanded its capital base. The firm successfully closed its inaugural fund, Fund I, with $20 million in commitments in October 2022. Building on this momentum, they announced the close of their second fund, Fund II, raising an additional $30 million in October 2023. This brings their total capital under management to $50 million across two funds, underscoring their growing presence and capacity to support a diverse portfolio of early-stage companies. Their strategic focus remains on identifying and nurturing the next generation of disruptive businesses from their earliest stages.

Investor Profile

Side Door Ventures has backed more than 55 startups, with 11 new investments in the last 12 months alone. The firm has led 1 rounds, about 2% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Blockchain, FinTech, Cryptocurrency.
  • Typical check size: $250K – $1M.

Stage Focus

  • Seed (42%)
  • Pre Seed (24%)
  • Series A (13%)
  • Series Unknown (11%)
  • Initial Coin Offering (5%)
  • Undisclosed (2%)
  • Series B (2%)
  • Convertible Note (2%)

Country Focus

  • United States (53%)
  • Canada (16%)
  • United Kingdom (7%)
  • Switzerland (4%)
  • Australia (2%)
  • The Netherlands (2%)
  • India (2%)
  • Mexico (2%)
  • Singapore (2%)
  • Hong Kong (2%)

Industry Focus

  • Blockchain
  • Fintech
  • Cryptocurrency
  • Software
  • Financial Services
  • Bitcoin
  • Web3
  • Saas
  • Gaming
  • Video Games
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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 Side Door Ventures frequently co-invest with?

Shima Capital
North America, NA - Puerto Rico, Puerto Rico, San Juan
Co-Investments: 4
Cadenza Ventures
North America, California, United States, San Francisco
Co-Investments: 4
DWF Labs
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 4
GSR
Europe, England, United Kingdom, London
Co-Investments: 4
Hustle Fund
North America, California, United States, San Carlos
Co-Investments: 4
Blockchain Founders Fund
Asia, Central Region, Singapore, Singapore
Co-Investments: 14
MH Ventures
Europe, England, United Kingdom, London
Co-Investments: 5
focal
North America, California, United States, San Francisco
Co-Investments: 5
Cypher Capital
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 4

Which angels does Side Door Ventures often collaborate with?

AT
North America, California, United States
Shared Deals: 1
Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 1
RS
North America, New York, United States, New York
Shared Deals: 1
TF
Europe, Germany
Shared Deals: 1
David B. Kirk
North America, Hawaii, United States, Waimea
Shared Deals: 1
SA
North America, Nevada, United States, Las Vegas
Shared Deals: 1
PT
North America, New York, United States, New York
Shared Deals: 2
FO
North America, United States
Shared Deals: 1
David Bleznak
North America, Michigan, United States, Detroit
Shared Deals: 1
RN
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Side Door Ventures?

Stablecorp

Toronto, Ontario, Canada

Stablecorp is a money solution provider that develops QCAD that is transparent and secure Canadian dollar stablecoin.

BlockchainFinancial ServicesFinTechInformation TechnologySoftware
Series UnknownMay 13, 2025
Amount Raised: $1,800,000
Validation Cloud

Zug, Zug, Switzerland

Validation Cloud is a Web3 data x AI company that connects organizations into Web3 through a fast, scalable, and intelligent platform.

Artificial Intelligence (AI)BlockchainCloud InfrastructureCryptocurrencyData IntegrationSaaSWeb3
Series AMar 6, 2025
Amount Raised: $15,000,000
Canopy

Daytona Beach, Florida, United States

Canopy is a Movement Labs native innovator in decentralized finance (DeFi) yield strategies.

Decentralized Finance (DeFi)FinTechInformation Technology
SeedJan 29, 2025
Amount Raised: $1,200,000
Yei Finance

Sai Wan, Hong Kong Island, Hong Kong

Yei Finance a pioneering decentralized, non-custodial money market protocol.

BlockchainConsultingFinTech
SeedDec 14, 2024
Amount Raised: $2,000,000

Kernel is leading the way in restaking on the BNB Chain, which is intended to speed up innovation and ecosystem expansion.

BitcoinBlockchainCryptocurrency
Series UnknownNov 25, 2024
Amount Raised: $10,000,000
Torram Labs

Wilmington, Delaware, United States

Bitcoin DeFi Infrastructure

BitcoinBlockchainCryptocurrency
Pre SeedNov 14, 2024

bitSmiley is a firm that provides full Bitcoin DeFi solutions, to fill the Bitcoin ecosystem's stablecoin and lend infrastructure gaps.

BitcoinBlockchain
Series UnknownOct 28, 2024
Amount Raised: $10,000,000
Fin

London, England, United Kingdom

Fin is a transportation company that provides zero-emission, sustainable parcel delivery, and logistics services for e-commerce brands.

Courier ServiceDelivery ServiceLogisticsSupply Chain ManagementSustainability
SeedOct 15, 2024
Amount Raised: $7,000,000
Pell Network

Singapore, Central Region, Singapore

Pell Network is a well-thought-out multi-layered restaking network with a closed-loop business logic chain.

BitcoinBlockchainCryptocurrency
Pre SeedOct 15, 2024
Amount Raised: $3,000,000
Autoverse Studios

Costa Mesa, California, United States

Autoverse Studios offers Auto Legends, a competitive social auto racing game.

GamingPC GamesVideo Games
SeedAug 13, 2024
Amount Raised: $8,000,000