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Asymmetric operates as a venture capital firm, specializing in investments within the burgeoning crypto and Web3 sectors, with a particular focus on the Bitcoin ecosystem and decentralized finance (DeFi) initiatives. The firm actively provides capital and strategic support to early-stage companies and projects, aiming to foster technological innovation within this specialized digital asset landscape. Their investment approach leverages deep expertise in both traditional finance and advanced technological domains.
The firm was founded by Joe McCann, who also serves as its CEO, CIO, and solo managing GP. With over 25 years of experience spanning Wall Street and Silicon Valley, McCann’s background includes senior roles at Microsoft and leadership in quantitative trading, alongside co-founding a successful venture-backed startup. His extensive history of investing in Web3 startups and trading crypto since 2016 informed the strategic insight to establish Asymmetric, focusing on high-potential opportunities in digital transformation.
Asymmetric's portfolio companies are primarily innovative crypto startups and projects that are building out the infrastructure and applications for the Bitcoin ecosystem and broader decentralized finance. The firm’s long-term vision centers on identifying and supporting the foundational technologies and pioneering entrepreneurs who are driving the evolution and adoption of decentralized financial systems and digital assets globally.
Asymmetric Ventures has 1 tracked investment across 1 company. The latest tracked deal is $21.0M Series A in EvolutionIQ in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2022 | EvolutionIQ | $21.0M Series A | Brewer Lane Ventures | 8VC, Andreessen Horowitz, Color Capital, Contrary Capital, Element Ventures, Jenny Fielding, Scott Hartley, FinTech Collective, FirstMark Capital, First Round Capital, Foundation Capital, Founder Collective, Insight Partners, MS&AD Ventures, Pioneer Fund, ULU Ventures, Jaime Schmidt, Konstantin VON Unger, Scott Banister, Altai Ventures, Guardian Life, NEW York Life, Reliance Standard Life, Sedgwick |