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Dewhales functions as a crypto-native fund, providing early-stage liquidity to emerging blockchain protocols. It combines capital efficiency with an established network of industry veterans to grow Total Value Locked (TVL) across decentralized finance and Web3 applications. Their approach emphasizes publicly verifiable on-chain balances, fostering transparency and ecosystem participation.
The company was founded by seasoned OGs, experienced founders, and pivotal crypto individuals. This collective offers over a decade of expertise in trading, building, and liquidity. Their insight recognized that early-stage protocols need strategic capital and a robust network to scale within the crypto landscape.
Dewhales supports visionary entrepreneurs and early-stage protocols aiming for significant on-chain presence. The firm’s mission is to accelerate industry growth by supplying early liquidity and offering expertise via its powerful partner network. This vision positions Dewhales as a vital partner for nascent projects building on-chain activity from inception.
Dewhales has 3 tracked investments across 3 companies. The latest tracked deal is $7.0M Pre-Series A in UXUY in May 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 9, 2024 | UXUY | $7.0M Pre-Series A | — | Alti5, Binance Labs, Bixin Ventures, CMS Holdings, Comma3 Ventures, GBV Capital, GSR, JDI Ventures, Matrix Partners, Metalpha, NGC Ventures, Pentos Ventures, Satoshi Labs, SWC Global, Utxo Management, Web3vision, YBB Capital |
| Apr 3, 2024 | AutoLayer | $2.5M Seed | — | BlackEdge Capital, KuCoin Ventures, Morningstar Ventures, Poolz, Spark Digital Capital, Staked.vc |
| Jan 11, 2024 | Convergence | $1.8M Seed | Dewhales, Prismatic Capital | Blockhub DAO, County Capital, Kaizendao, NGC Ventures |