Fabric Ventures

Fabric Ventures is a London-based venture capital firm founded in 2012, registered as an AIFM with the CSSF in Luxembourg, with additional offices in New York and Dubai. The firm backs the boldest founders of the open, user-owned economy, investing in builders, businesses, and digital assets from inception through scaling. Founding Managing Partner Richard Muirhead leads the team alongside Partners Max Mersch, Anil Hansjee, and Anastasiya Belyaeva. The firm's 2021 fund raised $130 million backed by the European Investment Fund, Atomico, Galaxy Digital, DCG, and founders of Ethereum, Wise, and MySQL, with two funds totaling $245 million completing in 2022. Fabric leads rounds and deploys checks from $100K to $5 million across pre-seed through Series B, with 128 investments across Web3, blockchain, DeFi, gaming, AI, and fintech. Notable portfolio companies include Polkadot, NEAR, Immutable, Flowdesk, Circle, Sorare, 1inch, Ramp, Nansen, Messari, Ledger, Moonpay, Decentraland, OpenZeppelin, and Homa Games. Exits include Tagomi, acquired by Coinbase, and Staked.us, acquired by Kraken. Recent transactions include co-leading Primitive's $5 million round with USV and backing Lens in its $31 million raise in December 2024. Fabric Ventures operates across Europe, the US, Israel, Asia, and Latin America, taking a thesis-driven approach to the decentralized web that has been consistent since before Web3 became mainstream. The firm also launched the UK Web3 Accelerator in partnership with Coinbase, Animoca Brands, and Founders Factory, reinforcing its role as an ecosystem builder beyond the fund itself.