Figment Capital

Figment Capital is an early-stage venture fund based in Nyack, United States, dedicated to supporting the foundational layers of the decentralized web. As the venture arm of Figment, a prominent Web3 infrastructure provider, the firm leverages deep industry expertise to identify and back promising blockchain infrastructure projects. Its strategic focus is on high-confidence, early-stage opportunities that are poised to shape the future of digital infrastructure.

The firm's investment thesis is firmly rooted in the conviction that decentralized protocols will form the backbone of the next generation of digital infrastructure. Figment Capital primarily targets Seed and Series A rounds, looking for projects that address critical needs within the blockchain ecosystem, such as scalability, privacy, and interoperability. Their typical first check sizes range from $500,000 to $2 million, indicating a commitment to providing substantial early capital to nascent but impactful ventures.

Demonstrating its growing influence and commitment to the blockchain space, Figment Capital successfully closed its second fund at $60 million in March 2024. This represents a significant increase from their inaugural fund, which was launched in 2021 with $25 million in capital. This substantial growth in fund size enables the firm to expand its investment capacity and continue its mission of fostering innovation in core blockchain technologies.

Figment Capital's portfolio showcases a strong alignment with its infrastructure-focused strategy, featuring investments in well-regarded projects such as Celestia, Espresso Systems, EigenLayer, and Nym. These investments highlight the firm's dedication to supporting foundational technologies that enhance the performance, security, and utility of blockchain networks. By focusing on critical infrastructure, Figment Capital aims to play a pivotal role in the long-term development and adoption of Web3.