MH Ventures
Overview
Early-stage venture fund focused on Web3 ecosystem growth.
Founded
2021
Deals ยท 12mo
8
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Oro | Aug 2026Led | $3 MOther Equity | |
NeoSoul | Aug 2026Participated | $11 MSeries A | |
Dow Protocol | Aug 2026Participated | $11 MSeed | |
ALPHEA | Jul 2026Participated | $5 MOther Equity | |
Chronyx Studios | Apr 2026Participated | $2 MSeed | |
Gency AI | Mar 2026Participated | $20 MOther Equity | |
HeyElsa | Nov 2025Participated | $3 MSeed | |
Voyage | Oct 2025Participated | $3 MSeed | |
Miden | May 2025Participated | $25 MSeed | |
Imua | Feb 2025Participated | $5 MSeed | |
Torram | Jan 2025Participated | $0.71 MSeed | |
Gaib | Dec 2024Participated | $5 MSeed | |
Oro | Aug 2026Led | $3 MOther Equity | |
NeoSoul | Aug 2026Participated | $11 MSeries A | |
Dow Protocol | Aug 2026Participated | $11 MSeed | |
ALPHEA | Jul 2026Participated | $5 MOther Equity | |
Chronyx Studios | Apr 2026Participated | $2 MSeed | |
Gency AI | Mar 2026Participated | $20 MOther Equity | |
HeyElsa | Nov 2025Participated | $3 MSeed | |
Voyage | Oct 2025Participated | $3 MSeed | |
Miden | May 2025Participated | $25 MSeed | |
Imua | Feb 2025Participated | $5 MSeed | |
Torram | Jan 2025Participated | $0.71 MSeed | |
Gaib | Dec 2024Participated | $5 MSeed |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 1 | 27 |
| Series A | 0 | 3 |
| Other Equity | 1 | 9 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Oct '22 | 1 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 0 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 1 |
| Jul '23 | 0 |
| Aug '23 | 2 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 1 |
| Dec '23 | 0 |
| Jan '24 | 2 |
| Feb '24 | 1 |
| Mar '24 | 5 |
| Apr '24 | 2 |
| May '24 | 5 |
| Jun '24 | 0 |
| Jul '24 | 2 |
| Aug '24 | 1 |
| Sep '24 | 3 |
| Oct '24 | 2 |
| Nov '24 | 1 |
| Dec '24 | 1 |
| Jan '25 | 1 |
| Feb '25 | 1 |
| Mar '25 | 0 |
| Apr '25 | 0 |
| May '25 | 1 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 0 |
| Oct '25 | 1 |
| Nov '25 | 1 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 1 |
| Apr '26 | 1 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 1 |
| Aug '26 | 3 |
| Sep '26 | 0 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Crypto & Blockchain | 29 |
| AI & Machine Learning | 12 |
| Fintech | 9 |
| Developer Tools | 6 |
| Networks, Cloud & Communication | 5 |
| Enterprise Software | 4 |
| Gaming & eSports | 4 |
| Cybersecurity & Privacy | 2 |
| Marketing & Advertising | 2 |
| E-Commerce & Retail | 1 |
| AR/VR | 1 |
| Clean Energy & Sustainability | 1 |
| Data, Analytics & IT | 1 |
| Real Estate & Construction | 1 |
| Space & Frontier Tech | 1 |
| Hardware & Robotics | 1 |
| Manufacturing | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 18 |
| $5M-$10M | 13 |
| $10M-$25M | 9 |
| $25M-$50M | 1 |
| $50M-$100M | 0 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 10 of 12 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 18 |
| Europe | 8 |
| Singapore | 5 |
| United Arab Emirates | 2 |
| Malaysia | 1 |
| British Virgin Islands | 1 |
| 10001 | 1 |
| Xx | 1 |
| Cayman Islands | 1 |
| 94402 | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| Animoca Brands | 6 |
| ArkStream Capital | 6 |
| Cogitent Ventures | 5 |
| Andreessen Horowitz | 4 |
| Hack VC | 4 |
| Mapleblock Capital | 4 |
| Polychain Capital | 4 |
| Big Brain Holdings | 3 |
| Blockchain Founders Fund | 3 |
| Borderless Capital | 3 |
| Foresight Ventures | 3 |
| L2IV | 3 |
| Lecca Ventures | 3 |
| Lightspeed Faction | 3 |
| No Limit Holdings | 3 |
| NxGen | 3 |
| Polygon Ventures | 3 |
| Symbolic Capital | 3 |
| Waterdrip Capital | 3 |
| 1NVST | 2 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 2 | 5% |
| Participating | 39 | 95% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 1 | 50% |
| Co-led | 1 | 50% |