Reverie

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.

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

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

• Crypto venture capital
• Pre-seed investments
• Seed-stage investing
• Crypto protocol funding
• Venture fund management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered former employer of co-founder.

• Digital Currency Group (DCG)former employer of co-founderOthersCo-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-founderOthersCo-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

Broad 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

• YouTubeyoutube.com/@The-ArchivePod
• Xx.com/hi_Reverie
• LinkedInlinkedin.com/company/reveriereserves

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments41 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reverie