# Divergence Ventures

> Divergence Ventures is a VC fund in San Francisco backing Blockchain and Cryptocurrency. See 55 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 55
- Last investment: Apr 2023
- Lead investor: 2%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/divdotvc
- Website: http://www.div.vc/

Divergence Ventures is a crypto operator fund.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.5M–$7M |
| Pre-Seed | $500k–$1M |
| Series A | $3.5M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 27 | 49% |
| Cryptocurrency | 20 | 36% |
| Financial Services | 14 | 25% |
| FinTech | 11 | 20% |
| Software | 8 | 15% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 33 | 60% |
| Series A | 7 | 13% |
| Pre-Seed | 5 | 9% |
| Venture - Series Unknown | 4 | 7% |
| Funding Round | 3 | 5% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 23 | 42% |
| Canada | 3 | 5% |
| Singapore | 3 | 5% |
| United Kingdom | 3 | 5% |
| France | 2 | 4% |

11 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Teahouse Finance | Complete DeFi + NFT + GameFi ecosystem, powered by expert blockchain technology | $5M | Seed | Apr 24, 2023 |  |
| Cubist | Cubist brings modern software engineering practices and first-class security to web3 builders. Cubist’s toolkit makes it safe and easy to build, test and deploy multi-chain and cross-chain dapps in automated pipelines that handle keys and sequencing. | $7M | Seed | Mar 09, 2023 |  |
| Panoptic | Panoptic is a fully onchain DeFi platform for earning yield, lending, borrowing, and trading perpetual options. Built on Ethereum and powered by Uniswap liquidity, Panoptic enables oracle-free options markets with no expiries, instant onchain settlement, and permissionless market creation for any token, RWA, or tokenized asset. | $4.5M | Seed | Oct 24, 2022 |  |
| Mero | Backd offers to maximize the power of assets and begin generating yield. Backd is a protocol for reactive liquidity decentralized finance (Defi). | $3.5M | Series A | Jun 07, 2022 |  |
| Aperture | Aperture is a DeFi cross-chain investment ecosystem. | $5.3M | Seed | Feb 08, 2022 |  |
| Aperture Finance | Cross-chain Investment Made Easy | $5.3M | Seed | Feb 07, 2022 |  |
| JellyFi | JellyFi enables audited dApps and protocols to access zero-collateralized loans in the form of Defi (Decentralized finance) and provides liquidity for fast withdrawals, thereby helping clients by giving alternatives to finance their development or add liquidity through borrowing. | $4.4M | Seed | Dec 08, 2021 |  |
| Atlendis Labs | Atlendis Labs is an online platform that offers capital-efficient DeFi lending protocol that provides uncollateralized crypto loans. | $4.4M | Seed | Dec 08, 2021 |  |
| Manta Network | Manta Network is building a secure and interoperable future with Zero-Knowledge. | $5.5M | Seed | Oct 19, 2021 |  |
| Angle Protocol | Angle Protocol focus on offering stablecoins pegged to currencies like the euro as an alternative to dollar-centric tokens. | $5M | Seed | Sep 28, 2021 |  |

10 of 55 investments shown.

## Co-investors
- [CMS Holdings](https://shizune.co/investors/profile/cms-holdings) — VC Fund, 19 deals together
- [ParaFi Capital](https://shizune.co/investors/profile/parafi-capital) — VC Fund, 13 deals together
- [Alameda Research](https://shizune.co/investors/profile/alameda-research) — VC Fund, 12 deals together
- [Hypersphere Ventures](https://shizune.co/investors/profile/hypersphere-ventures) — VC Fund, 12 deals together
- [Polychain](https://shizune.co/investors/profile/polychain-capital) — VC Fund, 11 deals together
- [Lemniscap](https://shizune.co/investors/profile/lemniscap) — VC Fund, 10 deals together

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## FAQ

### What does Divergence Ventures invest in?

Divergence Ventures invests primarily in Blockchain, Cryptocurrency and Financial Services startups, most often at Seed and Series A stage. Most of the 55 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Divergence Ventures's check size?

Divergence Ventures typically joins rounds of $1.5M–$7M at Seed, $500k–$1M at Pre-Seed and $3.5M–$50M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Divergence Ventures participates in.

### When did Divergence Ventures last invest?

The most recent investment recorded for Divergence Ventures closed in Apr 2023. Shizune tracks 55 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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