# Dovey Wan

> Dovey Wan is a seed investor at Primitive Ventures backing Software and Machine Learning. See 31 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Primitive Ventures](https://shizune.co/investors/profile/primitive-ventures)
- Location: Palo Alto, United States
- Total investments: 31
- Last investment: Feb 2025
- Lead investor: 10%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/doveywan/
- X (Twitter): https://twitter.com/doveywan

Dovey Wan is a seed investor at Primitive Ventures in Palo Alto focused on Software and Machine Learning. Dovey Wan is Managing Director of DHVC. She’s investor of Dfinity, Kyber Network, 0x, COSMOS/Tendermint, Chia network, Messari, Handshake, Blockfolio, StarkWare and FOAM. She is board director of Theta Network and Spacemesh. She is also serving as mentor for the LAUNCH founded by Jason Calacanis, advisor to Arrington XRP Capital founded byMichael Arrington, Director of Academic Partnership of Open Blockchain Foundation. Dovey has an extensive experience with both Asia and US crypto community, she’s token listing nominator for Huobi and ZB.com,and serving as Zcash community board elector and leading Zcash ecosystem investment alliance.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$8.5M |
| Series A | $8M–$16M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 7 | 23% |
| Machine Learning | 6 | 19% |
| Information Technology | 6 | 19% |
| Blockchain | 4 | 13% |
| Cryptocurrency | 4 | 13% |

66 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 13 | 42% |
| Series A | 7 | 23% |
| Funding Round | 4 | 13% |
| Series C | 3 | 10% |
| Series E | 1 | 3% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 20 | 65% |
| United Kingdom | 2 | 6% |
| Canada | 1 | 3% |
| Israel | 1 | 3% |
| Singapore | 1 | 3% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Codex | Codex is a peer-to-peer version of electronic cash allow online payments to be sent directly from one party to another without going through a financial institution. | $15.8M | Seed | Feb 23, 2025 |  |
| MoreMarkets | Nuffle Labs develops NEAR Data Availability (DA) and the NEAR Fast Finality Layer (NFFL). | $6M | Venture - Series Unknown | Jun 13, 2024 |  |
| Botanix Labs | Botanix Labs is a fully Ethereum-equivalent second-layer virtual machine built on top of Bitcoin. It unites Bitcoin's market cap with Ethereum's dApp ecosystem to meet its diverse applications, igniting a new frontier. | $8.5M |  | May 07, 2024 |  |
| Botanix Labs | Botanix Labs is a fully Ethereum-equivalent second-layer virtual machine built on top of Bitcoin. It unites Bitcoin's market cap with Ethereum's dApp ecosystem to meet its diverse applications, igniting a new frontier. | $8.5M | Seed | May 07, 2024 |  |
| Inco | Inco develops a global confidentiality layer for Ethereum and other networks. It enables a wide range of new apps, spanning various verticals such as gaming and gambling, DeFi, including dark pools, private lending, and blind auctions, and enterprise solutions such as confidential stable coins, private RWAs, and private voting. | $4.5M | Seed | Feb 21, 2024 |  |
| B.Protocol | B.Protocol is building a Backstop DeFi primitive unlocking higher capital efficiency. | $2.2M | Seed | Dec 22, 2021 |  |
| Nansen | Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallets labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with its real-time dashboards and alerts. | $12M | Series A | Jun 29, 2021 |  |
| Spacemesh | Spacemesh is a fair blockmesh operating system designed to run general-purpose smart contracts at web-scale. It is powered by a novel consensus protocol that is secure, proof of work free and highly incentive-compatible. Spacemesh is designed to create a highly-decentralized p2p blockchain computer formed by individuals from around the globerunning Spacemesh on their desktop PCs at home. Spacemesh is as a free open source software that aims to become a core Internet protocol for blockchain computation. | $15M | Series A | Sep 05, 2018 |  |
| Syntiant | Syntiant is moving artificial intelligence and machine learning from the cloud to edge devices. Syntiant’s advanced chip solutions merge deep learning with semiconductor design to produce ultra-low-power, high performance, deep neural network processors for always-on applications in battery-powered devices, such as smartphones, smart speakers,earbuds, hearing aids, and laptops. |  | Series A | May 09, 2018 |  |
| Theta EdgeCloud | THETA.tv is a next generation decentralized live streaming platform powered by blockchain technology. Theta Network enables existing video platforms to drive incremental revenues and reduce content delivery CDN costs while end-users are rewarded for sharing their bandwidth to relay video on a peer-to-peer basis on any PC, mobile, Smart TV or IoTdevice. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, media investors BDMI Bertelsmann Digital Media Investments, CAA Creative Artists Agency, and traditional Silicon Valley VCs including DCM and Sierra Ventures. | $9.8M | Series A | Aug 23, 2017 |  |

10 of 31 investments shown.

## Co-investors
- [1kx](https://shizune.co/investors/profile/1kx) — VC Fund, 3 deals together
- [Polychain](https://shizune.co/investors/profile/polychain-capital) — VC Fund, 3 deals together
- [Robot Ventures](https://shizune.co/investors/profile/robot-ventures) — VC Fund, 3 deals together
- [ABCDE](https://shizune.co/investors/profile/abcde) — VC Fund, 2 deals together
- [DCM Ventures](https://shizune.co/investors/profile/dcm) — VC Fund, 2 deals together
- [Electric Capital](https://shizune.co/investors/profile/electric-capital) — VC Fund, 2 deals together

## About Primitive Ventures

VC Fund · San Francisco, United States

Primitive Ventures is a global venture investment firm with a focus on blockchain and related technologies. At Primitive, we're proudly thesis-free, and instead spend all of their waking hours finding and supporting the people building truly valuable things.

1 contacts available at Primitive Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Dovey Wan | Founding Partner | https://shizune.co/investors/profile/dovey-wan |

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## FAQ

### What does Dovey Wan invest in?

Dovey Wan invests primarily in Software, Machine Learning and Information Technology startups, most often at Seed and Series A stage. Most of the 31 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 Dovey Wan's check size?

Dovey Wan typically joins rounds of $1.4M–$8.5M at Seed and $8M–$16M 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 Dovey Wan participates in.

### When did Dovey Wan last invest?

The most recent investment recorded for Dovey Wan closed in Feb 2025. Shizune tracks 31 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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