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Fund profile

Canonical Crypto

Canonical Crypto

San Francisco, United States

Not leading

About

Canonical Crypto is a venture capital firm established in 2022, based in San Francisco, California. The firm specializes in early-stage investments, particularly in blockchain infrastructure and Web3 projects. Canonical Crypto's inaugural fund, valued at $20 million, is designed to support 40 to 50 projects with individual investments ranging from $250,000 to $500,000. The fund has garnered support from high-profile backers, including Marc Andreessen and Chris Dixon from Andreessen Horowitz, as well as other notable figures like Shan Aggarwal from Coinbase Ventures and Haseeb Qureshi from Dragonfly Capital. Led by founder Anand Iyer, Canonical Crypto focuses on companies developing essential tools and services for decentralized applications. Its investment strategy is broad, covering various industries such as financial software, consumer internet, and developer tools for Web3. The firm's portfolio includes startups like Sentient, Wasabi, and Ritual, which are active in software development and financial services. Canonical Crypto stands out for its deep commitment to fostering the transition from Web 2 to Web 3, aiming to be a pivotal player in the development of the blockchain ecosystem.

Details

Average check

$0-$100K
$100K-$500K
$500K-$1M
$1M-$3M
$3M-$10M

Round

Pre-Seed
Seed
Series A
Venture Round

Previous Investments

AI & Deep Tech
B2B
Fintech & Financial services
Media, Events & Entertainment
Other
Security & Privacy
Software & Apps
Web 3,0
Web 3.0

Geo focus

USA

Highlights

$3.8M

Historical average check

$85M

Historical max check

January 2025

Last investment date

23

Investments

Fintech & Financial services

Software & Apps

Web 3.0

AI & Deep Tech

Gaming

Advertising & Marketing

Other

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Website

canonical.cc

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