Metalayer Ventures Launches $25M Crypto Fund
Metalayer Ventures Launches $25 Million Crypto Fund
Metalayer Ventures, a venture capital firm founded by former executives from Chainlink Labs and Two Sigma, has announced a $25 million fund dedicated to early-stage blockchain projects. Their investment focus is on three key areas: stablecoins, tokenization initiatives, and cryptocurrency infrastructure.
Portfolio Companies and Investment Strategy
Metalayer has already invested in seven companies, including:
- AnchorZero: Facilitates tax-advantaged crypto investments using Roth IRAs.
- Spark Capital: Focuses on stablecoin infrastructure.
- Ethena, ClearToken, Crossover Markets, Station70, and Theo (a recently funded onchain trading infrastructure project).
The firm plans to support up to 30 companies, with early-stage investments ranging from $500,000 to $1 million.
Proprietary Data Platform: Moirai
Metalayer utilizes a proprietary data platform called Moirai to analyze developer activity, protocol engagement, and blockchain transaction patterns. This helps them identify promising early-stage projects.
Current Crypto VC Landscape
While Q1 2025 saw a rise in crypto venture capital activity ($4.9 billion total funding), with a 7% increase in deal volume, the market remains cautious. A significant portion of Q1 funding stemmed from a single large investment. Many VCs remain hesitant due to previous investment performance and market corrections.
However, positive regulatory developments in the US and EU are boosting institutional investor confidence. Furthermore, an increase in mergers and acquisitions suggests market maturation.
Metalayer's Perspective
Metalayer believes the crypto industry is transitioning from an infrastructure-focused early market to a mainstream technology sector. This shift influences their investment strategy and outlook for the future of blockchain technology.
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