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The Venture Codex

Primitive Ventures

414 Brannan Street, San Francisco, CA, United States

Overview

Global venture investment firm focused on blockchain technologies.

Founded

2018

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Australia
Hong Kong
Israel
Singapore
...

Sector focus

Industrial
Venture Capital

Investment portfolio

18rounds
NAMEDATESIZE
Sentient
Jul 2026Participated
$85 MSeed
Cycles
May 2026Participated
$6 MOther Equity
Opinion Labs
Feb 2026Led
$20 MSeries A
Fluent Labs
Feb 2025Participated
$8 MSeed
Drift
Sep 2024Participated
$25 MSeries B
Blockscout
Aug 2024Participated
$3 MSeed
Cartridge
Aug 2024Participated
$8 MSeries A
Irys
Jun 2024Participated
$9 MOther Equity
Fhenix
Jun 2024Participated
$15 MSeries A
Sapien
Apr 2024Participated
$5 MSeed
Mezo
Apr 2024Participated
$21 MOther Equity
Nubit
Mar 2024Participated
$3 MSeed
Sentient
Jul 2026Participated
$85 MSeed
Cycles
May 2026Participated
$6 MOther Equity
Opinion Labs
Feb 2026Led
$20 MSeries A
Fluent Labs
Feb 2025Participated
$8 MSeed
Drift
Sep 2024Participated
$25 MSeries B
Blockscout
Aug 2024Participated
$3 MSeed
Cartridge
Aug 2024Participated
$8 MSeries A
Irys
Jun 2024Participated
$9 MOther Equity
Fhenix
Jun 2024Participated
$15 MSeries A
Sapien
Apr 2024Participated
$5 MSeed
Mezo
Apr 2024Participated
$21 MOther Equity
Nubit
Mar 2024Participated
$3 MSeed
18
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Primitive Ventures: 18 funding rounds are recorded in the selected participation categories.All available history.
Primitive Ventures: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed09
Series A13
Series B01
Other Equity04

Monthly Deal Activity

Primitive Ventures: 18 deals are recorded across 65 months.All available history.
Primitive Ventures: 18 deals are recorded across 65 months. All available history
MonthDeals
Jun '211
Jul '211
Aug '210
Sep '211
Oct '210
Nov '210
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '242
May '240
Jun '242
Jul '240
Aug '242
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Primitive Ventures: Crypto & Blockchain is the largest displayed sector by deal count (11 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Primitive Ventures: Crypto & Blockchain is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Crypto & Blockchain11
Fintech6
Data, Analytics & IT3
Networks, Cloud & Communication2
Enterprise Software2
AI & Machine Learning2
Marketing & Advertising1
Media & Entertainment1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

Primitive Ventures: 18 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Primitive Ventures: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M4
$5M-$10M9
$10M-$25M3
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Primitive Ventures: United States has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Primitive Ventures: United States has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
United States8
Singapore3
Israel2
Europe2
Australia1
United Arab Emirates1
Hong Kong1
Primitive Ventures: 20 co-investors are shown, with dao5 sharing 5 recorded deals.All available history.

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.

Primitive Ventures: 20 co-investors are shown, with dao5 sharing 5 recorded deals. All available history
Co-investorShared deals
dao55
Hack VC4
Coinbase Ventures3
Lemniscap3
Robot Ventures3
1kx2
Arrington Capital2
Bixin Ventures2
Blockchain Capital2
CMS Holdings2
Folius Ventures2
Framework Ventures2
HashKey Capital2
HTX Ventures2
Hypersphere Ventures2
IDG Capital2
Mirana Ventures2
Multicoin Capital2
Nomad Capital2
OKX Ventures2

Investment Strategy

Primitive Ventures: Led accounts for 6% and participating for 94% of round participation.All available history.
Primitive Ventures: Led accounts for 6% and participating for 94% of round participation. All available history
CategoryDeals (count)Share (%)
Led16%
Participating1794%
Primitive Ventures: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Primitive Ventures: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Dovey Wan

Founding Partner