Room40 Ventures

Room40 Ventures is a New York-based venture capital firm dedicated to fostering the next wave of Web3 adoption. Co-founded by John Wu, President of Ava Labs, and Kevin Lu, the firm strategically invests in companies building foundational infrastructure, decentralized finance (DeFi) solutions, and innovative Web3 commerce platforms. Their investment thesis centers on identifying and supporting founders who are creating the essential tools and applications necessary for Web3 to achieve mainstream integration and utility.

The firm primarily targets early-stage companies, typically engaging at the pre-seed to Series A stages. Room40 Ventures emphasizes a hands-on, partnership-driven approach, aiming to provide more than just capital. They leverage their deep industry expertise and extensive network within the blockchain and crypto ecosystem to offer strategic guidance, operational support, and market access to their portfolio companies. This collaborative model is designed to help founders navigate the complexities of the Web3 landscape and accelerate their growth.

Room40 Ventures manages a first fund of $15 million, which they deploy across a diverse portfolio of promising Web3 ventures. As of early 2024, the firm has made over 20 investments, backing notable projects such as Blockdaemon, Synapse, Superfluid, Thirdweb, and Privy. Their typical initial check size ranges from approximately $250,000 to $2,000,000, reflecting their commitment to providing meaningful early-stage capital. This investment strategy positions them as a key player in the evolving Web3 venture landscape, supporting the development of critical infrastructure and user-facing applications.