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Tess Ventures

North America, California, United States, Menlo Park

Description

Tess Ventures is a boutique venture capital firm strategically located in Silicon Valley, specifically Menlo Park, California. The firm has carved out a distinct niche by actively investing in companies that are at the forefront of building a decentralized and smart future. Their investment thesis is deeply rooted in emerging technologies, with a primary focus on the blockchain, artificial intelligence (AI), Web3, Metaverse, decentralized finance (DeFi), and GameFi sectors. This specialized approach allows Tess Ventures to identify and support innovative startups poised to disrupt traditional industries and create new digital economies.

As an early-stage investor, Tess Ventures primarily targets Seed and Series A funding rounds. While specific check sizes are not publicly disclosed by the firm, their participation in various early-stage rounds suggests a typical investment range. For Seed investments, a common first check from a boutique firm like Tess Ventures could range from $250,000 to $1,000,000. For Series A rounds, their contributions are estimated to be between $1,000,000 and $3,000,000. This range reflects their commitment to providing meaningful capital to nascent companies while also participating in larger, more established early-growth rounds.

Tess Ventures has demonstrated a robust investment pace, having made approximately 27 investments across its portfolio, according to available data. Among these, they have taken a lead investor role in at least one significant round, highlighting their conviction in certain ventures. Their portfolio showcases a diverse array of companies within the Web3 and AI ecosystems, from infrastructure providers to application-layer innovations. The firm's 'boutique' nature implies a hands-on approach, likely offering strategic guidance, network access, and operational support to their founders, beyond just capital. This tailored engagement is crucial for the complex and rapidly evolving sectors they operate within, helping their portfolio companies navigate the challenges of building in decentralized environments.

The firm's strategic location in Silicon Valley provides it with access to a vibrant ecosystem of talent, technology, and co-investors, further strengthening its position as a key player in the decentralized technology landscape. Tess Ventures' consistent focus on high-growth, transformative technologies underscores its vision to be a significant enabler of the next generation of internet and AI-powered solutions, contributing to a more open, transparent, and intelligent digital world.

Investor Profile

Tess Ventures has backed more than 57 startups, with 1 new investments in the last 12 months alone. The firm has led 2 rounds, about 4% of its total and boasts 8 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, Singapore, Canada.
  • Strong thematic focus on Blockchain, Software, Cryptocurrency.
  • Typical check size: $250K – $3M.

Stage Focus

  • Seed (65%)
  • Pre Seed (9%)
  • Series A (9%)
  • Series G (4%)
  • Series Unknown (4%)
  • Secondary Market (2%)
  • Series D (2%)
  • Angel (2%)
  • Initial Coin Offering (2%)
  • Series C (2%)

Country Focus

  • United States (51%)
  • Singapore (19%)
  • Canada (5%)
  • Nigeria (4%)
  • Japan (4%)
  • Hong Kong (2%)
  • Philippines (2%)
  • Brazil (2%)
  • Tanzania (2%)
  • South Korea (2%)

Industry Focus

  • Blockchain
  • Software
  • Cryptocurrency
  • Information Technology
  • Metaverse
  • Gaming
  • Video Games
  • Fintech
  • Apps
  • Web3
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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 Tess Ventures frequently co-invest with?

Shima Capital
North America, NA - Puerto Rico, Puerto Rico, San Juan
Co-Investments: 5
Yield Guild Games
North America, New York, United States, New York
Co-Investments: 6
Mirana
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 6
Infinity Ventures Crypto
Asia, T'ai-pei, Taiwan, Taipei
Co-Investments: 8
LD Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 6
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 9
LB
Asia, Zhejiang, China, Hangzhou
Co-Investments: 6
Mask Network
Asia, Central Region, Singapore, Singapore
Co-Investments: 6
Polygon Studios
North America, Midland, Cayman Islands, George Town
Co-Investments: 5
Everest Ventures Group
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 6

Which angels does Tess Ventures often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 2
AS
North America, California, United States, San Francisco
Shared Deals: 2
Liang Xinjun
Asia, Shanghai, China, Shanghai
Shared Deals: 2
AV
North America, New York, United States, New York
Shared Deals: 3
Alexander Rugaev
Asia, Dubai, United Arab Emirates, Dubai
Shared Deals: 1
JS
North America, California, United States, San Francisco
Shared Deals: 1
BM
North America, Texas, United States, Austin
Shared Deals: 1
MC
North America, Texas, United States, Dallas
Shared Deals: 2
TV
North America, California, United States, Los Angeles
Shared Deals: 2
Shared Deals: 2

What are some of recent deals done by Tess Ventures?

Pentagon Games

Singapore, Central Region, Singapore

Pentagon Games is a Web3 Gaming mission to transform the gaming industry by leveraging advanced technologies.

BlockchainWeb3
SeedAug 8, 2024
Amount Raised: $6,000,000
Neon Media

Seattle, Washington, United States

Neon Media produces realtime sets for virtual productions.

Video Games
Series AOct 25, 2023
Amount Raised: $20,000,000
Aethir

Singapore, Central Region, Singapore

Aethir's offers The Decentralized Cloud Infrastructure framework that frees the AI and gaming industries macro trajectory

Artificial Intelligence (AI)GamingInformation Technology
SeedJul 26, 2023
Amount Raised: $9,000,000
MetaZone

Singapore, Central Region, Singapore

MetaZone is the content distribution platform designed to enable tokenized applications to exist in the open metaverse

BlockchainComputerE-CommerceGamingMarketplaceMetaverseVirtual GoodsVirtual Reality
SeedMay 30, 2023
Amount Raised: $3,000,000
Social Future

Singapore, Central Region, Singapore

Social Future is an AI-driven social networking metaverse company.

Artificial Intelligence (AI)MetaversePrivate Social Networking
Series UnknownApr 6, 2023
Amount Raised: $6,000,000

MM3 NFT is a social NFT platform for visualizing DIDs and dressing up.

BlockchainVirtual Reality
SeedOct 12, 2022
Amount Raised: $2,000,000
Stems Labs

San Francisco, California, United States

Stems Labs is a community and platform for collaborative creativity.

Information TechnologyMusicWeb3
Pre SeedOct 3, 2022
Amount Raised: $4,000,000
KNN3 Network

Singapore, Central Region, Singapore

KNN3 Network is a user-centric DataFi solution for d/Apps and smart contracts built on web3.

BlockchainEnterprise SoftwareSmart ContractsSoftwareWeb3
SeedSep 9, 2022
Amount Raised: $2,400,000
Ultrade

New York, New York, United States

Ultrade is an online trading platform intended for Defi, on algorand blockchain.

BlockchainEnterprise Software
SeedSep 6, 2022
Amount Raised: $2,400,000
Metaverse Magna

Lagos, Lagos, Nigeria

MVM builds gaming products and gaming communities, and our primary product is Hyper.

BlockchainGamingMetaverse
SeedSep 5, 2022
Amount Raised: $3,200,000