1confirmation

Type

Venture Capital

Status

Active

Location

San Francisco, United States

Total investments

34

Average round size

8M

Portfolio companies

24

Rounds per year

4.86

Lead investments

5

Follow on index

0.24

Stages of investment
SeedEarly Stage Venture
Areas of investment
InternetFinancial ServicesFinTechInformation TechnologyFinancePersonal FinanceMarketplaceCryptocurrencyBlockchainContent Delivery Network

Summary

1confirmation is the famous VC, which was founded in 2017. The leading representative office of defined VC is situated in the San Francisco. The venture was found in North America in United States.

The current fund was established by Nick Tomaino. Besides them, we counted 1 critical employee of this fund in our database.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the 1confirmation, startups are often financed by Naval Ravikant, MetaStable Capital, Flybridge Capital Partners. The meaningful sponsors for the fund in investment in the same round are Coinbase Ventures, Paradigm, Naval Ravikant. In the next rounds fund is usually obtained by ZhenFund, Pantera Capital, gumi Cryptos Capital.

The fund is constantly included in 2-6 deals per year. Speaking about the real fund results, this VC is 8 percentage points less often commits exit comparing to other organizations. The common things for fund are deals in the range of 5 - 10 millions dollars. The top activity for fund was in 2019.

The fund has no exact preference in some founders of portfolio startups. We can highlight the next thriving fund investment areas, such as FinTech, Information Technology. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Basis, Tendermint, BloXroute Labs. For fund there is a match between the location of its establishment and the land of its numerous investments - United States.

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Investor highlights

Industry focus
Blockchain/Crypto/Web3Community/Social network
Stage focus
Series ASeries B

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Investments analytics

Last fund

Fund size
USD 45000000
Fund raised date
2019-09-25

Analytics

Total investments
34
Lead investments
5
Rounds per year
4.86
Follow on index
0.24
Investments by industry
  • Blockchain (20)
  • Cryptocurrency (14)
  • Financial Services (12)
  • FinTech (7)
  • Information Technology (6)
  • Show 26 more
Investments by region
  • United States (23)
  • United Kingdom (5)
  • South Korea (1)
  • Switzerland (1)
Peak activity year
2019
Number of Unicorns
1
Number of Decacorns
2
Number of Minotaurs
1

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Quantitative data

Avg. startup age at the time of investment
4
Avg. valuation at time of investment
597M
Group Appearance index
0.94
Avg. company exit year
3

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
BloXroute Labs 21 Jun 2018 Financial Services, FinTech, Information Technology, Finance, Personal Finance, Cryptocurrency, Blockchain, Content Delivery Network Early Stage Venture United States, Illinois
Polymarket 14 May 2024 Early Stage Venture 45M United States, New York, New York

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How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.