1confirmation

1confirmation is a prominent venture capital firm based in San Francisco, founded by Nick Tomaino, with a dedicated focus on supporting teams building the decentralized web and society. Established as a crypto-native fund, 1confirmation has been an early and consistent investor in the blockchain and cryptocurrency space, backing foundational projects and innovative applications since its inception. Their thesis centers on the belief that decentralized technologies will fundamentally reshape various industries and aspects of daily life, driving their investment decisions towards projects that contribute to this vision.

The firm primarily targets early-stage investments, typically participating in seed and Series A rounds. They are known for their hands-on approach and deep industry expertise, providing strategic guidance and leveraging their extensive network within the crypto ecosystem to help portfolio companies scale. 1confirmation has demonstrated significant capital-raising capabilities, having successfully closed multiple funds. Their latest equity fund, Fund V, closed at $100 million, contributing to a total of over $295 million raised across their five dedicated equity funds, excluding a separate fund for liquid tokens.

1confirmation's investment strategy allows them to make substantial initial commitments to high-potential projects. Their typical first check size ranges from $1 million to $7 million, reflecting their commitment to being a lead or significant participant in early funding rounds. With a portfolio that includes over 100 investments, the firm has backed a diverse array of ventures spanning decentralized finance (DeFi), NFTs, infrastructure, and various other Web3 applications, solidifying their position as a key player in the venture capital landscape for blockchain innovation.