6th Man Ventures

6th Man Ventures (6MV) is a prominent venture capital firm deeply entrenched in the Web3 ecosystem, co-founded by industry veterans Mike Dudas and Serge Kassardjian. Based in New York, the firm is dedicated to investing in pioneering Web3 projects, protocols, and companies across various stages, primarily from seed to Series A. Their investment thesis centers on supporting the foundational infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), blockchain gaming, and innovative consumer applications that are shaping the next iteration of the internet.

The firm has demonstrated significant fundraising success, rapidly expanding its capital base to support its ambitious investment strategy. In February 2022, 6MV announced the close of two new funds totaling $145 million, comprising a $100 million venture fund and a $45 million liquid token fund. This initial capital infusion underscored their commitment to both equity and token-based investments within the burgeoning Web3 landscape. Building on this momentum, 6th Man Ventures further solidified its position by closing its third fund in October 2023, raising an additional $200 million. This latest fund brought their total assets under management to over $400 million, showcasing their substantial financial capacity and growing influence in the sector.

6MV typically deploys capital through initial checks ranging from $500,000 to $5 million, reflecting their focus on early-stage opportunities. While this range covers their typical first investments, the firm also possesses the flexibility to commit up to $10 million for follow-on or later-stage rounds in promising portfolio companies. Their strategic approach involves not just capital injection but also providing hands-on support, leveraging their extensive network and expertise to help founders navigate the complexities of building in Web3. This comprehensive support system, combined with their substantial financial backing, positions 6th Man Ventures as a key partner for entrepreneurs aiming to build impactful and scalable Web3 ventures.