SMAPE Capital

What SMAPE Capital does

SMAPE Capital is a BaFin-regulated German venture capital fund that invests globally in early-stage Web3, blockchain, and crypto-infrastructure companies. Operated through its legal entity SMAPE Capital Fund Management GmbH (headquartered at Rudolfplatz 3, Cologne), the firm combines three General Partners — Astrid Woollard (CIO), Alexander Lenz (COO), and Christian Niedermüller (Senior Partner) — with a Head of Research (Moritz Müller) and an extended bench of eight venture partners and advisors covering technical (DAIC's Schöllauf and Günther, Mohammed, Fürstner, Stich-Regner), legal/regulatory (Woebke), and accelerator functions. The team brings more than a decade of combined digital asset experience and has been investing together for over three years.

The fund's portfolio spans approximately 36 active companies, including Berachain-ecosystem positions (Bera, Beraborrow, Beramonium, Infrared, Kodiak), blockchain infrastructure (LAVA, SUPRA, Crestal, Ooga Booga, Energyweb, Autonolas, Lighthouse, Nabla), DeFi (Infrared, Kodiak, Mezzanine), privacy computing (Arcium, Enclave), AI-blockchain intersections (ForestAI, YorU, FunctionSpace, NodeOps), and consumer/hardware (Ryder). Notable previous investments include LI.FI, Mangrove, and SQD. The investment approach emphasizes hands-on operational support beyond capital deployment.

Revenue is generated through traditional venture mechanics: management fees on assets under management and carried interest on portfolio exits. Fund size, AUM, fee structures, and LP identities are not publicly disclosed, indicating a small, first-time or early-vintage fund with likely concentrated anchor LP support. Distribution and deal sourcing occur through direct founder outreach, a Medium blog, Twitter/X (@smape_capital), LinkedIn, and a dedicated pitch submission channel. The firm differentiates itself through its regulated German fund-management structure, global mandate paired with European institutional values, and depth of technical advisory.

Name

SMAPE Capital

Legal name

SMAPE Capital Fund Management GmbH

Website

https://smape.capital

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

SMAPE Capital is a BaFin-regulated Cologne-based venture capital fund investing globally in early-stage Web3, blockchain, and crypto-infrastructure companies, providing hands-on operational support to a portfolio of 36+ companies.

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

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Venture capital fund
• Web3 investments
• Blockchain funding
• Tokenized economies
• Early-stage crypto

Headquarters

HQ city

Cologne

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Fund Management & Carried Interest: Venture capital fund generating returns through management fees and carried interest on successful portfolio exits. Invests in early-stage Web3, blockchain, and crypto infrastructure companies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

SMAPE Capital operates a venture capital fund that invests in early-stage companies building tokenized economies and internet-native ecosystems (Web3, blockchain, crypto infrastructure). The fund provides capital, hands-on operational support, strategic guidance, and access to a network of venture partners and advisors for value-driven founders in the digital asset space.

Product overview

SMAPE Capital is a single venture capital fund focused on investing in tokenized economies and internet-native ecosystems. The fund targets value-driven founders building in the digital asset space, offering both capital and hands-on operational support. The portfolio includes approximately 30 companies spanning blockchain infrastructure, DeFi protocols, and Web3 applications.

Differentiator

Problem solved

Functional benefit

Products and services

• SMAPE Capital Fund

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• DAIC (Distributed Artificial Intelligence Corporation)advisoryStrategic or Co-development PartnerPeter Schöllauf and Simon Günther from DAIC serve as technical advisors to SMAPE Capital, providing expertise in AI and blockchain integration.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• 1kx: Crypto-native venture firm investing in early-stage Web3 infrastructure and applications globally; comparable to SMAPE as a similarly sized, thesis-driven Web3 investor with a focus on tokenized economies and hands-on founder support.
• Placeholder VC: Crypto-native venture fund investing in open financial infrastructure and decentralized systems; comparable to SMAPE in thematic focus on tokenized/internet-native ecosystems and early-stage check sizes.
• Multicoin Capital: Thesis-driven crypto venture fund investing in tokens and equity across Web3 infrastructure and applications; comparable to SMAPE as a specialized Web3/DeFi investor with global reach and institutional LP base.
• Blockchain Capital: One of the earliest venture firms dedicated exclusively to blockchain and crypto, investing across seed to growth stages; comparable to SMAPE as a sector-pure Web3 VC with early-stage focus.
• Polychain Capital: Crypto-native investment firm backing early-stage blockchain protocols and companies; comparable to SMAPE in thematic alignment with tokenized economies and infrastructure-layer investing.
• Fenbushi Capital: Asia-Pacific-focused blockchain and Web3 venture firm investing in early-stage tokenized-economy projects; comparable to SMAPE in its specialized crypto thesis, with a more Asia-centric geographic profile.
• Borderless Capital: Web3 venture firm investing in early-stage blockchain companies; directly comparable as a co-investor alongside SMAPE in Ryder and a similarly sized peer in the Web3 VC landscape.

Broad incumbents

• Pantera Capital: One of the longest-tenured crypto-focused investment firms, offering venture, liquid token, and hedge strategies; comparable as a competitor for Web3 dealflow and LP capital, though at much larger scale and broader mandate.
• Paradigm: Large, research-driven crypto investment firm backing transformative Web3 companies; comparable as a high-profile competitor for top-tier Web3 deals and institutional LPs, though operating at materially larger AUM.
• Andreessen Horowitz (a16z crypto): Major venture firm with a dedicated crypto fund backing Web3 protocols and startups; comparable as a competitor for premium dealflow and LPs, though operating with far greater scale and operational resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/smape_capital
• LinkedInlinkedin.com/company/smape-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments32 records

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

Frequently asked questions about SMAPE Capital