Hypersphere Ventures

Hypersphere Ventures is a prominent US-based venture capital firm headquartered in Miami, specializing in the burgeoning Web3 ecosystem. Co-founded by Jack Platts and Joe Petrowski, the firm leverages its founders' deep expertise, particularly their backgrounds with the Web3 Foundation and Parity Technologies, to identify and nurture promising projects. Their core focus lies within the Polkadot network and its broader ecosystem, aiming to support the foundational infrastructure and innovative applications that drive decentralized internet development.

The firm primarily targets early-stage investments, typically participating in seed to Series A rounds. Hypersphere's investment thesis centers on empowering projects that contribute to the decentralization and functionality of Web3, encompassing areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), blockchain gaming, and various developer tools and protocols. They seek out teams building robust, scalable solutions that enhance interoperability and user experience within the multi-chain paradigm.

Hypersphere Ventures has demonstrated its commitment to the space through significant capital raises, including an initial $10 million fund in 2020, followed by a larger $30 million fund in 2021. This increased capital base allows them to make impactful first checks, while also reserving capital for follow-on investments. Beyond capital, the firm is known for providing strategic guidance, technical insights, and leveraging its extensive network within the Polkadot community to accelerate the growth and adoption of its portfolio companies, which include notable projects like Acala, Moonbeam, and SubQuery.

Their hands-on approach and specialized focus make Hypersphere Ventures a key player in the Polkadot and broader Web3 investment landscape. By strategically deploying capital and offering significant operational support, they aim to foster innovation and build the next generation of decentralized technologies, solidifying their position as a crucial enabler for early-stage Web3 ventures.