Reverie
Reverie is a New York-based crypto venture investment firm that manages Reverie Fund One, a $20 million pre-seed and seed-stage fund backing crypto-native founders building revenue-generating products across Base, Ethereum, Cosmos, Solana, and Starkware.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Reverie does
Reverie is a privately-held crypto venture investment firm based in New York, co-founded by Larry Sukernik (formerly of Digital Currency Group and EY) and Derek Hsue (formerly of Blockchain Capital), along with analyst Adyant Dagur. The firm invests at the pre-seed and seed-stage in crypto companies and protocols, with a stated focus on "generational companies" and teams building real products, revenue, and users rather than purely speculative token narratives. Its core product is Reverie Fund One, a $20 million crypto venture fund launched in September 2023, from which the firm generates revenue through the standard venture fund model of management fees and carried interest on portfolio gains.
Reverie's underlying "technology" is not a proprietary platform but rather a content-and-network stack: an extensive library of long-form, opinionated research on crypto investing categories (Restaking, MEV, RaaS, Pump.fun, Decentralized AI, Protocol Economics, ERC-4337, DAO Governance), a YouTube podcast called The-ArchivePod, and a portfolio of 21 named companies spanning wallets, DeFi, infrastructure, exchanges, gaming, prediction markets, and security across the Base, Ethereum, Cosmos, Solana, and Starkware ecosystems. The firm supports portfolio companies with capital, customer introductions, business-model and P&L discipline, and crypto-specific guidance on governance, tokenholder relations, and protocol economics.
The business model is classic early-stage venture: LP capital is pooled into a fund vehicle, deployed into equity or token stakes at pre-seed/seed, and returns accrue through exit or token events with the firm earning carried interest on profits plus annual management fees on committed/invested capital. Distribution is content-led — published research and the podcast drive inbound deal flow from founders and credibility with LPs, with direct outreach via [email protected]. Reverie does not sell software, does not disclose fund economics publicly, and is not a public company.
Reverie firmographics
Firmographics- Name
- Reverie
- Legal name
- Reverie
- Website
- https://reverie.ooo
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Reverie is a New York-based crypto venture investment firm that manages Reverie Fund One, a $20 million pre-seed and seed-stage fund backing crypto-native founders building revenue-generating products across Base, Ethereum, Cosmos, Solana, and Starkware.
- Ownership category
- akta.pro rank
Reverie industry classification
Industry- Product category
- Crypto Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Active Crypto Asset Managers (Discretionary) (FSADAHAA)
- akta.pro secondary industry
- Yield Aggregators, Auto-Compounding & Strategy Vaults (DeFi Yield) (FSADAHAK)
Keywords
Where Reverie is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Reverie business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Technology or R&D, Operations
Revenue model
- Fund One (Crypto Venture Fund): $20 million crypto venture fund (Reverie Fund One) launched September 13, 2023, investing at pre-seed and seed stage in crypto companies. Returns generated via investment gains and carried interest typical of a venture fund structure.
- Equity / Token Investments: Equity and/or token stakes acquired in portfolio companies in exchange for capital deployment; long-term upside participation in portfolio company outcomes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Reverie Fund One - $20M crypto venture fund |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels3 records
Reverie product offering
Product offeringCore offering
Reverie is a New York-based crypto venture investment firm that manages Reverie Fund One, a $20 million crypto venture fund investing at the pre-seed and seed-stage in crypto-native companies and protocols. The firm pairs capital with hands-on operating support and publishes long-form research and a podcast (The-ArchivePod) to build thought leadership and inbound deal flow.
Product overview
Reverie is a New York-based crypto venture capital investment firm (not a software product company). Its core offering is Reverie Fund One, a $20 million crypto venture fund that invests at the pre-seed and seed-stage in crypto-native companies and protocols. The firm complements its fund with two ancillary content offerings: long-form research and writing on its blog (covering topics such as protocol economics, MEV, restaking, DAO governance, and decentralized AI) and The Archive Podcast distributed on YouTube. Reverie does not sell a unified software platform or product modules; rather, its public-facing assets are the fund itself, the writing/research publications, and the podcast.
Differentiator
Problem solved
Functional benefit
Brands
- The ArchivePod: Podcast produced by Reverie, hosted on YouTube under the handle @The-ArchivePod.
Products and services
- Reverie Fund One A $20 million crypto venture fund that invests at the pre-seed and seed-stage, partnering with crypto-native founders to help them build companies and protocols with real users, revenue, and products rather than speculation.
- The ArchivePod (Podcast) A podcast hosted by Reverie, distributed on YouTube, covering crypto, venture investing, and protocol-related topics. Linked from the main site navigation.
- Reverie Writing / Research Publications Long-form research articles published on the Reverie blog covering crypto investment thesis, protocol economics, decentralized AI analysis, MEV, DAO governance, RaaS, restaking, investor relations, and lessons from successful crypto apps.
Quantifiable outcome
- 21 portfolio companies publicly listed on portfolio page
- +3 more outcomes
Companies that use Reverie
Customer profileSegments2 records
Ideal customer profiles2 records
Reverie technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Reverie partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered former employer of co-founder.
- Digital Currency Group (DCG)former employer of co-founderCo-founder Larry Sukernik previously led venture investments at Digital Currency Group (DCG) before co-founding Reverie. Reverie also noted prior experience working with projects like Compound, dYdX, and Osmosis.
- Blockchain Capitalformer employer of co-founderCo-founder Derek Hsue was previously an investor at Blockchain Capital before co-founding Reverie. Derek invested in companies such as Bison Trails (acquired by Coinbase).
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Reverie competitors and assessment
Company assessmentBroad incumbents
- Blockchain Capital: Established crypto-native venture firm where Reverie co-founder Derek Hsue previously worked. Comparable investment thesis on early-stage crypto but operates larger and longer-running funds.
- Paradigm: One of the largest crypto-native venture firms investing across stages and categories. Operates in the same crypto venture category as Reverie but at materially larger fund sizes and check sizes.
- Multicoin Capital: Crypto-focused venture and hedge fund that invests across the crypto stack. Comparable thesis to Reverie but with broader stage coverage and liquid token trading capabilities.
- Pantera Capital: One of the longest-tenured crypto venture funds, investing across venture, liquid tokens, and early-stage protocols. Comparable to Reverie on early-stage crypto exposure but operates multiple strategies at larger scale.
- Digital Currency Group (DCG): Crypto conglomerate and venture investor where Reverie co-founder Larry Sukernik previously led venture investments. Directly comparable on crypto venture thesis, though DCG operates far broader portfolio services.
- Andreessen Horowitz (a16z crypto): Major venture firm's crypto-dedicated practice investing across stages in crypto networks. Overlaps with Reverie on crypto venture thesis but at materially larger fund sizes and broader portfolio coverage.
- Coinbase Ventures: Corporate venture arm of Coinbase investing across all stages of crypto. Recently co-invested with Reverie in PRED's seed round, evidencing direct deal overlap.
Direct peers
- 1confirmation: Early-stage crypto venture fund focused on pre-seed and seed-stage investments across crypto networks. Closely comparable to Reverie on check size, stage focus, and thesis-driven approach to crypto investing.
- Variant Fund: Thesis-led crypto venture fund investing at the earliest stages in crypto networks and protocols. Comparable to Reverie in stage focus, fund size, and opinionated investment approach.
- Placeholder VC: Early-stage crypto venture fund investing in open protocols and crypto-native teams. Directly comparable to Reverie on pre-seed/seed-stage mandate and crypto-only thesis.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Reverie social profiles
Digital presenceReverie financial estimates
Financial estimateRevenue estimate
Valuation estimate
Reverie leadership team
Management profileNumber of profiles
Profiles3 records
Reverie subsidiaries and ownership
Company hierarchySubsidiaries1 record
Reverie funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Reverie M&A and investment
M&A and investmentM&A
Investments41 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Reverie
What does Reverie do?
Reverie is a New York-based crypto venture investment firm that manages Reverie Fund One, a $20 million crypto venture fund investing at the pre-seed and seed-stage in crypto-native companies and protocols. The firm pairs capital with hands-on operating support and publishes long-form research and a podcast (The-ArchivePod) to build thought leadership and inbound deal flow.
Is Reverie a public or private company?
Reverie is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Reverie founded?
Reverie was founded in 2021. It employs 1 to 10 people.
Where is Reverie based?
Reverie is headquartered in New York, United States, in the North America region.
How does Reverie make money?
Two revenue lines are on record. Fund One (Crypto Venture Fund) is the primary driver. The others are equity / Token Investments.
Who are Reverie's main competitors?
Broad incumbents on record are Blockchain Capital, Paradigm, Multicoin Capital, Pantera Capital, Digital Currency Group (DCG), Andreessen Horowitz (a16z crypto) and Coinbase Ventures. Direct peers are 1confirmation, Variant Fund and Placeholder VC.
Does Reverie have an API?
No public API is recorded for Reverie.
What industry is Reverie in?
Reverie's product category is Crypto Venture Capital. Its primary akta.pro industry code is FSADAHAA, Active Crypto Asset Managers (Discretionary), with a secondary code of FSADAHAK, Yield Aggregators, Auto-Compounding & Strategy Vaults (DeFi Yield). Its NAICS code is 523940 and its SIC code is 6200.