1confirmation
1confirmation is a San Francisco-based early-stage venture capital fund founded in 2017 by Nick Tomaino that invests in consumer-facing crypto and Web3 companies, including Ethereum, OpenSea, Coinbase, and Polymarket.
- Company typePrivate
- Founded2017
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 1confirmation does
1confirmation is an early-stage venture capital fund founded in 2017 by Nick Tomaino and headquartered in San Francisco. The fund invests in exceptional founders building consumer-facing applications at the intersection of cryptocurrency, Web3, and mainstream culture, with a stated thesis of supporting the decentralization of the web and society.
The portfolio reflects a long-running consumer-crypto focus and includes early positions in several category-defining assets and companies: Ethereum (October 2017), Bitcoin (January 2018), OpenSea (April 2018), Coinbase (December 2018), Polymarket (July 2020), and Worldcoin (September 2021). More recently, the fund has led seed rounds in prediction-market platform Limitless ($10M, October 2025), Brazilian cross-border stablecoin fintech Ruvo ($4.6M, February 2026), and gaming company GLHF ($2.3M, September 2025), and is incubating Grail.xyz, a project tokenizing real-world collectibles on-chain. As of Q2 2026, cumulative cash distributions to Limited Partners reached approximately $317 million.
The fund's revenue model follows the standard venture economics: an annual management fee (typically ~2% of committed capital) and carried interest (typically ~20%) on profits above a hurdle. Deal origination is driven primarily by thought-leadership content, a newsletter, and active Twitter presence under the @1confirmation and @NTmoney accounts. The operating team is small (1-10 people) and includes Nick Tomaino (Founder and General Partner), Mike Tomaino (Partner), Frank Hourigan (Partner and Head of Operations), and Brett Shear.
1confirmation firmographics
Firmographics- Name
- 1confirmation
- Website
- http://www.1confirmation.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- 1confirmation is a San Francisco-based early-stage venture capital fund founded in 2017 by Nick Tomaino that invests in consumer-facing crypto and Web3 companies, including Ethereum, OpenSea, Coinbase, and Polymarket.
- Ownership category
- akta.pro rank
1confirmation industry classification
Industry- Product category
- Venture Capital (Crypto/Web3 Focus)
- NAICS
- Other Financial Investment Activities (5239)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
Keywords
Where 1confirmation is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Markets served
1confirmation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Management Fees: Venture funds typically charge 2% management fee on committed capital annually.
- Carried Interest: Performance-based carry typically 20% of profits above hurdle rate, generating returns when portfolio companies achieve successful exits.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
1confirmation product offering
Product offeringCore offering
1confirmation is an early-stage venture capital fund that provides seed-stage equity financing to founders building consumer-facing applications in the crypto and Web3 ecosystem. The fund invests in companies at the intersection of decentralization and mainstream culture, and supports portfolio companies with strategic guidance and network access throughout the investment lifecycle. Revenue is generated through standard venture fund economics of management fees on committed capital and carried interest on profitable exits.
Differentiator
Problem solved
Functional benefit
Products and services
- Seed-stage Equity Investment Direct equity investments in seed-stage crypto and Web3 companies building consumer-facing applications that bridge blockchain technology with mainstream culture. The fund takes positions in companies via term sheets and funding rounds, supporting founders with capital, strategic guidance, and network access.
Companies that use 1confirmation
Customer profileSegments1 record
Ideal customer profiles1 record
1confirmation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
1confirmation partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights4 records
1confirmation competitors and assessment
Company assessmentDirect peers
- Paradigm: Crypto-native venture fund investing across early-stage Web3 companies. Comparable because both are specialist crypto VC firms pursuing similar founder-driven, thesis-led investment approaches in the same asset class.
- Polychain Capital: One of the earliest crypto-focused venture funds, investing in token and equity rounds across Web3 protocols and applications. Comparable because both funds concentrate capital in the crypto/Web3 ecosystem with similar vintage and thesis orientation.
- Pantera Capital: Long-standing crypto-focused investment firm managing venture, liquid token, and early-stage funds. Comparable because it operates in the same crypto VC category with overlapping deal flow into consumer, DeFi, and infrastructure projects.
- Multicoin Capital: Thesis-driven crypto investment firm that invests in early-stage tokens and equity across Web3. Comparable because of overlapping investment universe, thesis-led approach, and similar stage focus to 1confirmation.
- Variant Fund: Crypto-native venture fund investing in ownerless networks, Web3 applications, and consumer crypto. Comparable because of its consumer crypto orientation and similar early-stage, founder-led thesis to 1confirmation.
- Framework Ventures: Crypto-native venture fund investing in early-stage Web3 infrastructure and applications. Comparable because of overlapping stage, sector focus, and partnership-driven approach to portfolio support.
Broad incumbents
- Andreessen Horowitz (a16z crypto): Dedicated crypto fund within a large generalist venture firm, deploying across the full crypto stack. Comparable as a major competitor for the same consumer crypto deals, but a much larger, broader platform investor.
- Coinbase Ventures: Strategic investment arm of Coinbase, deploying across early-stage crypto companies. Comparable because it co-invests with 1confirmation in seed rounds (e.g., Ruvo) and competes for the same founder relationships.
- Digital Currency Group: Holding company that builds, buys, and invests across the crypto ecosystem (including Grayscale and Foundry). Comparable as a major capital source for early-stage crypto companies, though operating as a much broader, diversified platform.
- Galaxy Digital: Diversified crypto financial services firm with venture, trading, and asset management arms. Comparable as a participant in early-stage crypto investing, though it operates as a broader institutional crypto platform rather than a focused seed-stage fund.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
1confirmation social profiles
Digital presence1confirmation financial estimates
Financial estimateRevenue estimate
Valuation estimate
1confirmation leadership team
Management profileNumber of profiles
Profiles4 records
1confirmation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
1confirmation M&A and investment
M&A and investmentM&A
Investments66 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 1confirmation
What does 1confirmation do?
1confirmation is an early-stage venture capital fund that provides seed-stage equity financing to founders building consumer-facing applications in the crypto and Web3 ecosystem. The fund invests in companies at the intersection of decentralization and mainstream culture, and supports portfolio companies with strategic guidance and network access throughout the investment lifecycle. Revenue is generated through standard venture fund economics of management fees on committed capital and carried interest on profitable exits.
Is 1confirmation a public or private company?
1confirmation is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 1confirmation founded?
1confirmation was founded in 2017. It employs 1 to 10 people.
Where is 1confirmation based?
1confirmation is headquartered in San Francisco, United States, in the North America region.
How does 1confirmation make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are 1confirmation's main competitors?
Direct peers on record are Paradigm, Polychain Capital, Pantera Capital, Multicoin Capital, Variant Fund and Framework Ventures. Broad incumbents are Andreessen Horowitz (a16z crypto), Coinbase Ventures, Digital Currency Group and Galaxy Digital.
Does 1confirmation have an API?
No public API is recorded for 1confirmation.
What industry is 1confirmation in?
1confirmation's product category is Venture Capital (Crypto/Web3 Focus). Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 5239 and its SIC code is 6199.