Symbolic Capital

Symbolic Capital is a prominent venture capital firm dedicated to fostering innovation within the Web3 ecosystem. Co-founded by Sandeep Nailwal, a co-founder of Polygon, and Kenzi Wang, former Vice President at Huobi Global, the firm leverages its deep industry expertise and network to identify and accelerate promising blockchain companies. Launched in August 2022, Symbolic Capital quickly established itself as a key player in the decentralized technology space, aiming to support the next generation of internet infrastructure and applications.

The firm operates with a strong thesis-driven approach, primarily focusing on early-stage Web3 projects. Their investment scope broadly covers decentralized applications (dApps), foundational blockchain infrastructure, and blockchain-based gaming. Symbolic Capital seeks out teams that are building disruptive technologies and innovative use cases that can drive mass adoption and utility within the decentralized web, emphasizing long-term value creation over speculative plays.

Symbolic Capital initiated its operations with a significant $50 million venture fund. This capital is strategically deployed to provide crucial early-stage funding to nascent projects. The firm typically writes first checks ranging from $200,000 to $1 million, primarily targeting seed and Series A rounds. This investment strategy allows them to engage with companies at a critical juncture, providing not just capital but also strategic guidance and operational support.

Their ambition extends to building a diverse portfolio, with plans to invest in approximately 50 to 100 projects over the coming years. Symbolic Capital's commitment goes beyond mere financial backing; they aim to be active partners, assisting portfolio companies with technical development, go-to-market strategies, and ecosystem integration. Their notable investments include projects like Planet Mojo and Banger Games, showcasing their commitment to supporting innovative ventures across various segments of the Web3 landscape.