Faction

Faction, a venture fund based in Menlo Park, California, specializes in early-stage blockchain opportunities, primarily targeting pre-seed and seed rounds. Founded with a clear vision to support the foundational layers of Web3, Faction focuses on innovative projects that leverage decentralized technologies across various sectors. The firm is known for its hands-on approach, providing strategic guidance and network access to its portfolio companies.

The fund actively seeks out promising startups building infrastructure, DeFi protocols, NFTs, and other decentralized applications. Since its inception, Faction has demonstrated a commitment to nurturing the next generation of blockchain leaders. As of early 2024, the firm has reportedly made over 15 investments, showcasing its active participation in the burgeoning blockchain ecosystem. This robust portfolio building underscores their belief in the long-term potential of decentralized technologies.

Faction's investment strategy is characterized by its focus on projects with strong technical teams and clear use cases, often participating in rounds ranging from $1 million to $5 million in total size. While specific individual check sizes are not always publicly disclosed, typical first checks for their early-stage focus are estimated to range from $500,000 to $2,000,000. This range allows them to be a significant early partner for promising ventures, providing crucial capital for product development and team expansion.

Their geographic location in Menlo Park, a hub for venture capital and technology, positions Faction to tap into a rich talent pool and a vibrant network of co-investors. The firm aims to be more than just a capital provider, striving to be a value-add partner that helps navigate the complexities of the blockchain space. Their commitment to the sector is evident in their consistent deal flow and the quality of their portfolio, reflecting a deep understanding of the evolving Web3 landscape.