w3.fund

What w3.fund does

w3.fund is a Berlin-based regulated Web3 investment house operating as w3.fund Management GmbH (HRB 240351 B) since 2021. It runs two complementary fund vehicles: w3.ventures I, a closed-end 10-year seed-stage venture capital fund targeting approximately 30 Web3 application-layer companies (first closing 05/2023, second closing 02/2024); and w3.wave, an open-ended BaFin-registered Investment AG that provides liquid token exposure with monthly subscriptions and quarterly redemptions, launched November 2024. Both funds apply a 20% carried interest / performance fee with high water mark, with management fees of 1.95% (venture) and 2% (liquid) respectively, and minimum tickets ranging from 200k EUR for entrepreneurs to 1M EUR for institutions.

The firm is the investment arm of the broader w3.group ecosystem, which supplies a self-reinforcing deal-flow and community flywheel. w3.hub operates a Berlin co-working space and is a host of Berlin Blockchain Week; w3.labs provides regulated staking infrastructure built around KWG, WpIG, and MiCA compliance; and w3.vision is a German-language Web3 media platform. Deal sourcing is content- and community-driven, supported by a weekly podcast (Alles Coin Nichts Muss), monthly investor briefings, and an LP/GP network spanning institutions, family offices, and serial entrepreneurs primarily across Europe.

Commercial revenue derives from management fees, performance fees, and carried interest across the two fund vehicles, with LP capital sourced via direct engagement through qualified-investor channels. The team of approximately 11 named professionals includes Managing Directors Tim Keding, André Kanya, and Feliks Eyser; General Partners Julius Nagel (w3.wave) and Philipp Beer (w3.wave) plus Henrik Bredenbals (w3.ventures); and investment, technical, and operational staff. Notable portfolio companies include Solana, Morpho, Mento, Pendle, Fluid, Iron, Pavebank, Cashlink, Tokenize.it, Voya Games, and Plug.

Name

w3.fund

Legal name

w3.fund Management GmbH

Website

https://w3.fund

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

w3.fund is a Berlin-based BaFin-regulated Web3 investment house operating two fund vehicles: w3.ventures I (closed-end seed VC) and w3.wave (open-ended liquid token fund). It serves institutional LPs, family offices, and qualified entrepreneurs across Europe, sourcing deals via the integrated w3.group ecosystem (hub, labs, vision).

Ownership category

akta.pro rank

Product category

Digital Asset Investment Management

NAICS

Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

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

akta.pro secondary industry

Digital Assets / Crypto Fund of Funds (FSAHAKAL)

Keywords

• Venture capital funds
• Web3 investment management
• Liquid token fund
• Crypto asset management
• Blockchain venture investing

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees (w3.wave): 2% annual management fee on assets under management from open-ended liquid token fund
2. Performance Fees (w3.wave): 20% performance fee with High Water Mark on liquid token fund returns
3. Management Fees (w3.ventures): 1.95% p.a. average over 10-year fund term on venture fund with optional 2-year extension
4. Carried Interest (w3.ventures): 20% carried interest on venture fund profits
5. Capital Gains (Portfolio): Returns from equity and token investments in portfolio companies through w3.ventures and w3.wave

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

w3.fund is a Berlin-based Web3 investment house managing two regulated funds: w3.ventures I, a closed-end venture capital fund that invests in Web3 startups at the pre-seed and seed stages, and w3.wave, an open-ended BaFin-registered liquid token fund that invests across digital assets using a hybrid fundamental and market-responsive approach. The firm sells fund interests to institutional investors, family offices, and qualified entrepreneurs through direct sales.

Differentiator

Problem solved

Functional benefit

Products and services

• w3.ventures I Closed-end venture capital fund investing in Web3 application-layer startups at pre-seed and seed stages via equity and token rounds. Targets approximately 30 portfolio companies across stablecoins, tokenization, Web3 x AI, gaming, DeFi, financial services, and B2B use cases. Available to institutional investors (€1M minimum), family offices (€500k minimum), and entrepreneurs (€200k minimum). Management fee averages 1.95% p.a. over the fund term with 20% carried interest on profits.
• w3.wave Open-ended liquid token fund structured as a BaFin-registered Investment AG in Germany, investing in Web3 tokens using a hybrid fundamental-analysis and market-responsive approach. Offers monthly subscription and quarterly redemption with a 1-year minimum lock-up. Charges a 2% annual management fee and 20% performance fee with High Water Mark. Available to institutional investors (€1M minimum), family offices (€500k minimum), and entrepreneurs (€200k minimum).

Quantifiable outcome

• Proprietary liquid portfolios outperformed Bitcoin by 80% annualized (2018-2022)
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• dao5: Crypto-native investment firm focused on early-stage Web3 ventures across DeFi, infrastructure, and consumer. Comparable to w3.fund's venture fund in thesis and stage of investments.
• Pantera Capital: Multi-strategy crypto asset manager with venture, liquid token, and early-stage funds. Closely mirrors w3.fund's dual venture + liquid token fund structure, though at materially larger scale.
• Maven 11: Europe-based (Netherlands) crypto and blockchain venture fund focused on early-stage token and equity investments. Highly comparable to w3.fund's w3.ventures fund in thesis and stage, and similarly positioned as a European regulated crypto VC.
• 1kx: Web3-native venture fund investing across the crypto stack with both liquid token and early-stage venture strategies. Closely comparable to w3.fund in combining liquid and venture exposure, and in focusing on application-layer and infrastructure bets.
• Polychain Capital: Crypto-native fund combining liquid token investments with early-stage venture. Comparable to w3.fund in running both liquid and venture strategies within a single regulated crypto fund manager.
• Variant Fund: Web3/crypto-native venture fund investing in early-stage startups across DeFi, infrastructure, and consumer crypto. Comparable to w3.fund on thesis (Web3 application layer, early-stage) and fund structure (community-driven, thesis-led).
• Placeholder VC: Web3-native venture fund focused on decentralized protocols and infrastructure. Comparable to w3.fund's venture strategy with similar thesis around the open application layer and protocols.
• IOSG Ventures: Global crypto-native venture fund investing in early-stage Web3 infrastructure and applications. Comparable to w3.fund on stage (pre-seed/seed), thesis (Web3 application layer), and community-driven approach.

Broad incumbents

• Andreessen Horowitz (a16z Crypto): Large, established venture firm with a dedicated crypto fund investing across the Web3 stack. Overlapping investment categories with w3.fund but at vastly greater scale, broader portfolio, and global geographic reach.
• Galaxy Digital: Public crypto asset manager offering venture, liquid trading, and asset management. Comparable to w3.fund's combined venture + liquid token model but at institutional scale across multiple strategies and products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/w3_fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments15 records

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

Frequently asked questions about w3.fund