Collab+Currency

Collab+Currency is a prominent early-stage venture capital firm deeply entrenched in the burgeoning Web3 ecosystem, with a specific focus on the intersection of consumer applications and decentralized technologies. Based in Eugene, United States, the firm has established itself as a key investor in projects spanning NFTs, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and the metaverse. Founded by Stephen McKeon and Derek Schloss, Collab+Currency distinguishes itself through its conviction in the long-term potential of the decentralized web and its active participation within the communities of its portfolio companies.

The firm has demonstrated significant growth in its capital base, successfully raising multiple funds to support its investment thesis. Initially, Collab+Currency secured a $15 million first fund, which allowed them to make foundational investments in the nascent Web3 space. Building on this success, they announced the close of a $60 million second fund in March 2022, significantly expanding their capacity to deploy capital into promising startups. This brings their total committed capital to approximately $75 million, enabling them to support a broader range of early-stage ventures.

Collab+Currency typically targets seed and Series A rounds, providing crucial early capital to founders building the next generation of internet infrastructure and applications. Their investment strategy is characterized by a hands-on approach, often leveraging their deep industry knowledge and network to assist portfolio companies. Notable investments include pioneers like Dapper Labs (creators of NBA Top Shot and the Flow blockchain), NFT marketplace SuperRare, generative art platform Art Blocks, and leading metaverse project The Sandbox. The firm's typical first check sizes range from $500,000 to $1.5 million, reflecting their commitment to providing meaningful initial funding to high-potential projects in the rapidly evolving Web3 landscape.