Web3 Investors: the Most Active European VCs in 2024 

The Web3 Venture Capital Landscape in Europe 2024

The European venture capital landscape has changed significantly since the development of the Web3 sector. Despite last year's downtrend and disappointing reports from Cryptorank, the sector is starting to recover.

The main reasons are the crypto bull run of 2024, the halving of Bitcoin, and new investment areas related to security and transparency in Web3.

So before the industry recovers 100%, it's better to get to know the main investors to prepare for the big fundraising race. In this article, we'll take a look at the landscape of Web3 VC funds in Europe.

List of Top VCs in Crypto & Web3 in Europe

We’ve singled out the most active and promising Web3 investors in Europe in 2024. 

Fabric Ventures

Fabric Ventures is one of the most popular Web3 VC firms in Europe. It focuses on decentralized networks, tokens and blockchain infrastructure. The top investments of Fabric Ventures are Near Protocol, Immutable, Axie Infinity, Dapper Labs and Sorare. It has over $130 million in assets.

Fabric Ventures Overview 

London-based Fabric Ventures has been investing in the Open Economy and its participants since 2012. They use their Web3 venture capital to support emerging open web technologies. They also provide strategic support and launch a series of motivational events and programs to support the projects in their portfolio. 

Investment Stage

As most of the top venture capital firms, Fabric Ventures primarily invests in early-stage Web3 startups. According to CryptoRank, 53.33% of the rounds they participated in are Seed. The most successful rounds they participated in are as follows:

Check size

The average round size for Fabric Ventures is $ 3 - 10M. The average retail ROI for the VC is +68,186%. This is one of the best figures in the Web3 companies list in Europe.

Collider Ventures

Collider Ventures is a VC fund focused on digital assets and the digital economy. The fund's top investments are ether.fi, Sepana and QEDIT.

Collider Ventures Overview 

Collider Ventures was founded in Israel in 2018. The firm actively supports the next generation of companies, startups and products focused on creating the digital native economy. 

Investment Stage

Collider Ventures also focuses on early stage rounds. 40% of the rounds they participate in are seed rounds. The most successful rounds they have been involved in are:

Check size

The average round size for Collider Ventures is $3-10 mln. However, 13% of their investments reach $20-50 mln.

 Cotigent Ventures

Cotigent Ventures mainly invests in Layer2 solutions, DEXs, launchpads, smart contract platforms and bitcoin scaling. The VC's team has a huge experience in banking, which helps them a lot in their investment activities. 

Currently, Cotigent Ventures is ranked 8th in the list of most active investors on CryptoRank. 

Cotigent Ventures Overview 

Cotigent Ventures is a VC fund based in the UK. Like many funds working with early-stage startups, Cotigent Ventures provides hands-on support to its portfolio companies, leveraging its extensive financial and crypto experience. 

Investment Stage

Cotigent Ventures focuses on early stage rounds. According to CryptoRank, 46.67% of their previous rounds are Seed rounds and only 13.33% are Pre-Seed rounds.  The most successful rounds they have participated in are:

Check size

The average check size for this fund is $1-3 million in 46% of cases, and $3-10 million in 40% of cases. Their retail ROI is +275%. 

 Libertus Capital

Libertus Capital favors projects that promote and protect freedom, privacy and trust. It's a Tier 3 fund with a significant ROI and portfolio.

Libertus Capital Overview 

Libertus Capital is based in the UK. They have invested in 21 projects developing Layer1 solutions, ZK rollups and many more. Their most successful investments are Near Protocol, Merkle Science, Aztec, Buenbit.

Investment Stage

53.33% of the projects Libertus Capital is interested in are raised in Seed rounds. 33.33% are already at the Series A stage. Their most successful rounds are currently:

Check size

The average round size for Libertus Capital is $3-10 million. They've already achieved an impressive +2,933% ROI.

North Island Ventures 

North Island Ventures focuses on blockchain technologies and digital asset investments. Its main areas of investment are the highly popular EigenLayer ecosystem, DAO, liquid staking and restaking protocols. 

North Island Ventures Overview

North Island Ventures is a Zurich-based VC that was founded in 2019. The firm has an experienced team that has worked with blockchain pioneers, such as Xapo. Therefore, it's easy for them to define the most prominent projects. North Island fully supports its portfolio projects with governance, token models, and global expansion.

Investment Stage

33.33% of the projects in the North Island Ventures portfolio are in the Seed stage and only 6.67% are in the Pre-Seed stage.

The most successful rounds are:

Check size

North Island Ventures typically invests between $3-10 million, and in 13% of cases, $20-50 million.

Majinx Capital

Majinx Capital main focus is Infrastructure, dApps, DeFi and AI. The main goal of the fund is to find the most promising and ambitious projects, ensure their successful fundraising and boost their growth by using a well-developed inner network of connections: + 250 VCs, key opinion leaders from 12 countries and access to crypto communities in 8 countries.

The fund scales projects with solid teams with exceptional mindsets, well-developed roadmaps and business strategies that are looking for a financial boost to thrive.

Majinx Capital Overview 

Majinx Capital's main goal is to boost projects beyond their limits. We're full-time fans of the projects we work with, both in the fundraising and scaling stages. That’s why our support doesn’t stop on the fundraising stage.

Investment Stage

60% of the projects in our portfolio are in the Pre-Seed stage and 40% are in the Seed stage. We’ve already added 8 new projects in our portfolio during Q1 2024, and we’re constantly searching for new promising ones.

Check size

Our typical check size is $100K-1M, however, it all depends on the demands and the scale of the project. So the numbers can reach much more. 

Conclusion

European VCs have changed significantly since Web3 startups entered the stage.  The European investment landscape has prepared a clear legal basis for dealing with crypto and blockchain. Thus, Europe's big tech expertise and financial experience can be a great boost for your startup's development.

At Majinx Capital, we're ready to fire up the most revolutionary and promising early-stage Web3 startups. We're focused on companies in DeFi, infrastructure, dApps, and other Web3 areas.‍ So if you think it's your time, fill out the application!