What Blockchain Founders Fund does

Blockchain Founders Fund (BFF) is a Singapore-headquartered early-stage venture capital firm that invests in blockchain and Web3 startups globally. Founded in 2019, the fund is led by Managing Partner Aly Madhavji and Partner Mansoor Madhavji, supported by a Head of Strategy & Operations. The firm operates a single unified product — its Venture Program — through which it provides seed and early-stage capital, strategic guidance, and operational support to founders from ideation through scaling stages. BFF sources deal flow through direct founder applications via its website, structured venture programming, and ecosystem networks.

The firm's business model is consistent with a classic venture capital structure: BFF deploys LP capital into equity positions in portfolio companies and generates returns through future exits (acquisitions, token launches, or IPOs) and management fees on assets under management. Documented investments include leading an $18 million seed round in Unit Network (a tokenization platform serving 50,000 active users on its own blockchain), leading the funding round for Tashi Network (a distributed consensus platform for robot and AI coordination supporting over 50,000 nodes), and providing follow-on support to Zoth (a privacy-focused stablecoin neobank). Co-investment relationships with Outlier Ventures and Exponential Science Capital indicate integration into the broader blockchain VC ecosystem.

BFF does not operate proprietary technology; its competitive differentiation rests on Web3-native expertise, a founder-first relationship model, and long-term commitment through milestones and pivots. The firm received the World Business Outlook Impact and Growth Award in Singapore in 2025 and maintains a global footprint with particular Southeast Asia regional anchoring.

Name

Blockchain Founders Fund

Legal name

Blockchain Founders Fund

Website

https://blockchainff.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Blockchain Founders Fund is a Singapore-based early-stage venture capital firm investing in blockchain and Web3 startups globally. Founded in 2019, the firm provides capital and operational support to founders, with a portfolio spanning decentralized finance, tokenization, and AI coordination infrastructure.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Investment Pools and Funds (5259)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

Keywords

• Venture capital funding
• Blockchain investments
• Web3 startups
• Seed stage investing
• Early stage capital

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Returns / Fund Management: As a venture capital fund, Blockchain Founders Fund generates returns through equity investments in early-stage blockchain and Web3 startups. The fund likely earns returns through portfolio company exits (acquisitions, IPOs) and distribution of profits to limited partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Blockchain Founders Fund (BFF) is a Singapore-based early-stage venture capital fund that invests capital in seed and early-stage blockchain and Web3 startups globally. The fund deploys equity investments into portfolio companies and provides strategic guidance, operational support, and long-term partnership from ideation through scaling milestones. Notable investments include leading Unit Network's $18M round, Tashi Network funding, and follow-on support for Zoth.

Product overview

Blockchain Founders Fund operates as a single unified venture capital offering — a seed and early-stage investment fund focused on Web3 and blockchain startups globally. The fund's core offering consists of its Venture Program, which provides capital deployment, strategic guidance, and operational support to founders. The fund does not operate a platform-plus-modules architecture; its product portfolio is limited to its investment vehicle and associated portfolio support services.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Program A funding and investment program that provides capital deployment, strategic guidance, and operational support to early-stage blockchain and Web3 startups globally. Founders apply through the website and engage with the fund via this structured program.
• Startup Funding Program Digital asset startup funding program offering investment opportunities for blockchain and Web3 companies, providing strategic guidance and operational support to portfolio companies across growth stages.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Pantera Capital: One of the largest crypto-native venture funds, investing across DeFi, Web3, and blockchain infrastructure. Comparable as a sector-specialized early-stage crypto investor, though at significantly greater scale and with multiple fund vintages.
• Coinbase Ventures: Investment arm of Coinbase, deploying capital across early-stage crypto and Web3 startups. Comparable as a sector-specialized investor with strong brand and exchange ecosystem, though at much larger scale.
• Binance Labs: Venture arm of Binance, the world's largest crypto exchange, investing in early- and growth-stage blockchain startups. Comparable in Web3 deal-making, with structural advantage from exchange ecosystem access.
• Paradigm: Crypto-focused investment firm backing early-stage and growth-stage Web3 companies. Comparable in blockchain specialization, though with much larger AUM and stronger brand recognition among founders.
• Andreessen Horowitz (a16z crypto): Major venture firm with a dedicated crypto fund that invests across the blockchain stack from seed to growth. Comparable as a high-profile institutional crypto investor, though at substantially larger scale and broader mandate.

Direct peers

• 1confirmation: Crypto-native seed fund led by Nick Tomaino, focused on early-stage Web3 and crypto startups. Directly comparable to BFF in stage, sector focus, and founder-first approach.
• Multicoin Capital: Thesis-driven crypto venture fund investing in early-stage Web3 protocols and companies. Comparable in specialization on blockchain and in active deal-making at the seed and Series A stages.
• Outlier Ventures: London-based Web3-focused venture fund and accelerator that co-led the $18M Unit Network round with BFF. Directly comparable as an early-stage blockchain VC with similar thesis and global mandate.

Regional players

• Spartan Group: Singapore/Hong Kong-based crypto-native investment firm active in early-stage Web3 deals. Comparable as an Asia-headquartered blockchain VC operating with a global mandate, similar in scale and stage to BFF.
• Hashed: Asia-based (Korea) crypto venture fund focused on Web3 protocols and infrastructure. Comparable as a blockchain-native early-stage investor with similar global thesis and Asian market access, overlapping with BFF's Singapore base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/blockchainff
• LinkedInlinkedin.com/company/blockchainfoundersfund

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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M&A

Investments222 records

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Frequently asked questions about Blockchain Founders Fund