FFundraiseJet
D1 Capital logo

D1 Capital

Beijing, China · Invests in US; Asia; Europe; MENA · Website

Pre-SeedSeedSeries AConsumer Apps & SocialGamingB2B SaaSDeveloper ToolsCybersecurityFintechFintech & PaymentsDeveloper Tools & InfrastructureEnterprise Software

Thesis

We empower builders of the open economy through capital, market intelligence, and community support. We specifically back unconventional and eccentric founders building the next generation of Web3 infrastructure, DeFi protocols, and applications that reshape how humans organize economically.

Likely not a fit for

No casino/gambling games. No purely speculative financial instruments. Skeptical of non-technical teams in infrastructure. Unlikely to invest in highly centralized projects claiming to be decentralized.

How they invest

Lead or follow
Usually leads
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

5 contacts on file

JG

Jeremy Goldstein

PartnerPartner · Primary contact

+ Pitch

j•••@d1•••.com

LinkedIn profile

Sign up free to unlock contact →
AW

Andrew Wynne

PartnerPartner

+ Pitch

a•••@d1•••.com

Sign up free to unlock contact →
JL

Jennifer Liu

PartnerPartner

+ Pitch
TF

Tamara Frankel

PartnerPartner

+ Pitch
YS

Yuchen Shi

PartnerPartner

+ Pitch

Portfolio

NEARSemiconductors Hardware

NEAR is a modular, high-speed blockchain protocol designed for AI to act on behalf of users, enabling agents to own assets, make decisions, and transact freely across networks.

PolkadotDeveloper Tools Infra

Polkadot is building a new kind of internet where users have control over their data and applications cannot spy on them. It aims to create a decentralized social layer that enables transparency, user control, and unchangeable rules.

Graph ProtocolDeveloper Tools Infra

The Graph is an open-source protocol that enables efficient indexing and querying on blockchains, making it easily accessible for developers, projects, and applications.

ArweaveDeveloper Tools Infra

Arweave is a permanent information storage protocol that enables the decentralized and dis-intermediated transmission of information across time and space, utilizing a blockchain consensus mechanism for data permanence.

MoonbeamDeveloper Tools Infra

Moonbeam provides infrastructure and software development services, focusing on building tools and services for blockchain networks, including node management and smart contract development.

ArenaEcommerce Marketplaces

Arena specializes in swimsuits, competition swimwear, and activewear, offering a range of products designed for athletes and fitness enthusiasts.

RivalzFintech Payments

Rivalz builds infrastructure for verifiable agent orchestration across systems, data, and AI workloads. Designed for enterprises that demand reliability, traceability, and adaptability, Rivalz powers intelligent coordination at scale—unlocking automation, interoperability, and trust in both centralized and decentralized environments.

Orderly NetworkFintech Payments

Orderly Network is a permissionless liquidity layer for Web3 trading, providing a unified trading order book connected to every leading blockchain, empowering Web3 teams with comprehensive dApp tools and liquidity.

LitentrySecurity Cyber

Litentry Foundation is focused on building a decentralized, privacy-preserving, and interoperable Web3 ecosystem where users have full control over their digital identities and data. They provide multi-chain identity solutions, cross-chain infrastructure development, and AI-powered tools for decentralized applications.

PendleFintech Payments

Pendle is a decentralized finance (DeFi) platform that enables users to trade and manage yield-bearing assets. It features products like Pendle V2 for yield tokenization and Boros for trading funding rates with leverage.

MyShellEnterprise Software

MyShell is a decentralized AI consumer layer, connecting consumers, AI agent creators, and open-source researchers. It allows anyone to create, share, and monetize their AI agents, fostering a collaborative ecosystem.

JoystreamMedia Entertainment

Joystream is a decentralized video platform built on blockchain technology, empowering creators through a DAO structure. It supports multiple video streaming applications and utilizes JOY tokens for governance and transactions.

Recent activity

D1 Capital in the news

Similar firms

Coinbase Ventures$500K–$10M

A strategic corporate venture arm backing crypto and Web3 projects aligned with increasing economic freedom, coordinating with Coinbase's AI+crypto roadmap and offering thought leadership, proprietary data, and customer distribution.

Framework Ventures$250K–$40M

Framework Ventures is a crypto-native technology company that builds in-house software, tools and services, actively stakes and provides liquidity on-chain, and uses founders'Netflix/Snapchat consumer-tech expertise to design tokens and consumer-grade UX. Known as a DeFi power user fund, the firm's partners are frequently cited for specific market structure views on topics like protocol-owned L2s and real-world asset tokenization.

Crypto.com Capital$2M–$8M

Crypto.com Capital is a $500M principal investment arm that invests entirely from Crypto.com's own balance sheet with no outside LPs, giving it unusual flexibility on deal terms and time horizons compared with traditional VC structures. As an exchange-native fund with direct access to over 50 million registered users, it provides portfolio companies with distribution, liquidity, and listing advantages that pure-play VCs cannot easily match.

Lattice$300K–$2M

Crypto-focused VC led by operators who helped scale projects like Solana and OpenSea. Lattice prioritizes distribution and built-in audiences as their core investment lens, and publicly critiques retail-unfriendly low-float launches and airdrop mechanics.

AU21 Capital$500K–$20M

Hybrid venture and hedge fund that backs brilliant founders working in blockchain.

Research briefRead more
D1 Ventures Research Investment Thesis D1 Ventures is a specialized crypto and blockchain venture capital fund focused on powering the future of the open economy. Founded in 2019 and headquartered in Beijing, D1 Ventures has positioned itself as a leading investor in decentralized infrastructure, DeFi protocols, and blockchain-based applications. The firm explicitly backs eccentric and unconventio

Sign up free to read the full research brief →

Add D1 Capital to your investor list

Sign up free to save investors, see partner contacts, and track your raise.

Sign up