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Tioga Capital Partners

Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels

Description

Tioga Capital Partners is a Brussels-based venture capital firm with a dedicated focus on the burgeoning blockchain and Web3 ecosystem. Launched with a clear mandate to support disruptive innovation in decentralized technologies, the firm has quickly established itself as a significant player in the global digital asset investment landscape. Their investment thesis centers on identifying and backing foundational infrastructure, decentralized finance (DeFi) protocols, blockchain gaming, and non-fungible token (NFT) platforms across various stages, demonstrating a comprehensive approach to the Web3 space.

In February 2023, Tioga Capital successfully closed its inaugural fund, Tioga Capital Fund I, at a substantial €150 million. This significant capital pool positions them to make meaningful investments in early to growth-stage companies. The firm is stage-agnostic within its focus areas, actively participating in Seed, Series A, and Series B funding rounds. Geographically, Tioga Capital maintains a global outlook, with a particular emphasis on opportunities emerging from Europe, North America, and Asia, reflecting the distributed and international nature of the Web3 industry.

Tioga Capital typically deploys initial cheques ranging from €500,000 to €5 million, allowing them to support promising startups from their nascent stages through to more mature growth phases. Their portfolio includes notable names within the Web3 space, demonstrating their ability to identify and back impactful projects. The firm prides itself on providing more than just capital, leveraging its deep industry expertise and extensive network to support its portfolio companies in navigating the complexities of the blockchain industry, from technical development to market adoption to regulatory compliance, aiming for long-term success and ecosystem growth.

Investor Profile

Tioga Capital Partners has backed more than 24 startups, with 3 new investments in the last 12 months alone. The firm has led 12 rounds, about 50% of its total and boasts 1 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, France, United Kingdom.
  • Strong thematic focus on Blockchain, Cryptocurrency, Financial Services.
  • Typical check size: $540K – $5.4M.

Stage Focus

  • Seed (58%)
  • Series A (17%)
  • Series Unknown (13%)
  • Pre Seed (8%)
  • Series B (4%)

Country Focus

  • United States (17%)
  • France (13%)
  • United Kingdom (8%)
  • The Netherlands (8%)
  • Belgium (8%)
  • Cayman Islands (4%)
  • Australia (4%)
  • Gibraltar (4%)
  • Portugal (4%)
  • Luxembourg (4%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • Web3
  • Information Technology
  • Artificial Intelligence (Ai)
  • Fintech
  • Software
  • Bitcoin
  • Data Integration
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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 Tioga Capital Partners frequently co-invest with?

Borderless Capital
North America, Georgia, United States, Atlanta
Co-Investments: 2
BlockTower Capital
North America, Florida, United States, Miami
Co-Investments: 2
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
GSR
Europe, England, United Kingdom, London
Co-Investments: 2
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 2
Robot Ventures
North America, New York, United States, New York
Co-Investments: 2
Maven 11 Capital
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 2
BB
North America, Florida, United States, Weston
Co-Investments: 2
Castle Island Ventures
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
VV
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 2

Which angels does Tioga Capital Partners often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 2
MB
North America, New York, United States, New York
Shared Deals: 1
AA
North America, California, United States, Menlo Park
Shared Deals: 1
IM
North America, New York, United States
Shared Deals: 1
AM
North America, New York, United States, New York
Shared Deals: 1
NR
North America, California, United States, San Francisco
Shared Deals: 1
SB
North America, California, United States, San Francisco
Shared Deals: 2
SR
North America, California, United States, San Francisco
Shared Deals: 1
PV
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Tioga Capital Partners?

Chronicle Labs are the developers of Chronicle Protocol, a blockchain-agnostic layer for securely & verifiably transitioning data on-chain

BlockchainData IntegrationWeb3
SeedMar 25, 2025
Amount Raised: $12,000,000
FrodoBots Lab

Weston, Florida, United States

FrodoBots Lab is a pioneer in crowdsourcing robotics data through gaming.

Artificial Intelligence (AI)Information TechnologyRobotics
SeedFeb 13, 2025
Amount Raised: $6,000,000

Olas is an innovative platform for autonomous AI agents in the cryptocurrency space.

Artificial Intelligence (AI)CryptocurrencyFinance
Series UnknownFeb 4, 2025
Amount Raised: $13,800,000
Layer3

Washington, District of Columbia, United States

Layer3 is a platform that enables web3 customers to acquire, retain, and engage their users.

BlockchainCryptocurrencyWeb3
Series AJun 12, 2024
Amount Raised: $15,000,000

The first AI-powered dynamic map supercharged by the DePIN and driver community.

Artificial Intelligence (AI)BlockchainComputer VisionInfrastructureInternet of ThingsSmart CitiesSoftware
Series UnknownApr 25, 2024
Amount Raised: $4,600,000
D2X Group

Amsterdam, Noord-Holland, The Netherlands

The Secure Gateway to Digital Assets

BlockchainCryptocurrencyFinancial ExchangesFinancial Services
Series AMar 14, 2024
Amount Raised: $10,000,000
Altitude

Gibraltar, Gibraltar, Gibraltar

Altitude is a Decentralized Finance (DeFi) protocol offering a first-of-its-kind actively managed collateralized loan.

BlockchainDecentralized Finance (DeFi)Financial Services
SeedJan 9, 2024
Amount Raised: $4,000,000
Maple Finance

Melbourne, Victoria, Australia

Maple Finance is a capital-efficient corporate debt marketplace.

CryptocurrencyFinancial Services
Series UnknownAug 22, 2023
Amount Raised: $5,000,000
Lens Protocol

George Town, Midland, Cayman Islands

Lens Protocol is a composable and decentralized social network serving the Web3 community.

AppsData IntegrationSocial NetworkWeb3
SeedJun 8, 2023
Amount Raised: $15,000,000
PV01

Brussels, Brussels Hoofdstedelijk Gewest, Belgium

PV01 provides more efficient debt capital markets for traditional and digital assets.

Financial Services
SeedMar 22, 2023
Amount Raised: $9,000,000