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§ Venture Capital · USA
A community-native venture capital firm investing in early-stage web3 and blockchain companies, powered by a web3 professional DAO.
Key people at Chainforest.
Based in New York, Chainforest is a community-native venture capital firm that makes first-check investments in early-stage web3 and blockchain companies. The firm operates as a decentralized autonomous organization supported by a network of over 400 web3 professionals from organizations like Polygon and Solana Foundation, who earn tokenized carry to assist portfolio startups. Chainforest typically writes initial investment checks ranging from $250,000 to $750,000 per deal and had completed 10 portfolio investments as of 2023. The fund's portfolio includes decentralized technology, smart contract, and application layer startups such as Utopia, Syndicate, and Magna. Demonstrating its unique sourcing model, exactly 50 percent of the firm's investments have originated directly from founders within its own contributor network. Chainforest was founded in 2022 by Amit Mukherjee, who leads the firm alongside managing partners Kevin Chou and Mahesh Vellanki.
Chainforest has 2 tracked investments across 2 companies. The latest tracked deal is $1.5M Pre-Seed in Tholos in January 2023.
Key people at Chainforest.
Chainforest is a venture capital firm specializing in pre-seed and seed stage web3 companies, providing capital and support. It backs emerging projects leveraging blockchain and decentralized technologies. The firm employs a community-native model, engaging a decentralized autonomous organization (DAO) to guide investment decisions and foster portfolio growth in the digital ecosystem.
Established in 2021, Chainforest was founded by cryptocurrency enthusiasts advancing decentralized technology. The founders recognized a venture model integrating community insights beyond traditional capital. Their premise was a DAO-supported structure would offer a dynamic approach to deal sourcing and portfolio development within the web3 landscape.
Chainforest targets early-stage web3 projects and entrepreneurial teams. Its mission is to cultivate and expand a leading global ecosystem for web3 innovation. By nurturing new ventures and facilitating connections, Chainforest empowers founders, drives adoption of decentralized applications, and influences development of future internet technologies.
