# Paper Ventures

> Paper Ventures is a VC fund in London backing Blockchain and Cryptocurrency. See 38 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: London, United Kingdom
- Total investments: 38
- Last investment: Jun 2026
- Lead investor: 26%
- Last fund: Jan 2024
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/paper-vc/
- X (Twitter): https://twitter.com/Papervc
- Website: https://paper.ventures/

Paper Ventures is a VC fund in London focused on Blockchain and Cryptocurrency. Our mission at Paper Ventures is to be at the very forefront of innovation, fostering groundbreaking ideas that redefine the boundaries of technology and finance. We believe in the transformative power of blockchain and are committed to supporting those who are as passionate about its potential as we are.

## Contacts

5 contacts available for Paper Ventures. Shizune tracks 5 team members at Paper Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/paper-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.1M–$8M |
| Pre-Seed | $3M–$3.3M |
| Series A | $10M–$26M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 15 | 39% |
| Cryptocurrency | 9 | 24% |
| Web3 | 7 | 18% |
| Information Technology | 6 | 16% |
| Internet | 5 | 13% |

32 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 23 | 61% |
| Pre-Seed | 5 | 13% |
| Series A | 3 | 8% |
| Venture - Series Unknown | 3 | 8% |
| Funding Round | 1 | 3% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 12 | 32% |
| Hong Kong | 2 | 5% |
| United Kingdom | 2 | 5% |
| India | 1 | 3% |
| Italy | 1 | 3% |

10 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Danish Chaudhry | GP & Co-Founder | 30 | https://shizune.co/investors/profile/danish-chaudhry |
| Ivailo Jordanov | GP & Co-Founder | 31 | https://shizune.co/investors/profile/ivailo-jordanov |
| Kevin Kurian | VP | 0 | https://shizune.co/investors/profile/kevin-kurian-61b6 |
| Oliver Blakey | GP & Co-Founder | 8 | https://shizune.co/investors/profile/oliver-blakey |
| Sascha Epp | VP | 1 | https://shizune.co/investors/profile/sascha-epp |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Cambrian | Cambrian is an AI infrastructure protocol that creates quickly available financial insight from offchain and onchain data. A decentralized network of validators which catalog blockchain data and quickly extract offchain data powers Cambrian's capabilities. | $6M | Seed | Jun 24, 2026 |  |
| Cluster Protocol | Cluster Protocol is the co-ordination layer for AI agents, a carnot engine fueling the AI economy making sure the AI developers are monetized for their AI models and users get an unified seamless experience to build that next AI app/ agent within a virtual disposable environment facilitating the creation of modular, self-evolving AI agents. | $5M | Venture - Series Unknown | Apr 23, 2026 |  |
| Utexo | Utexo develops payment infrastructure that enables stablecoin transactions to settle directly on the Bitcoin network. The platform provides an API and related tools that allow payment operators, exchanges, wallets, and financial platforms to process USDT transfers through Bitcoin-based rails. Its system integrates technologies such as the LightningNetwork and the RGB protocol to support instant settlement, encrypted transaction execution, and predictable transaction costs. Utexo also offers cloud infrastructure and developer tools that manage routing, liquidity, and node operations required for stablecoin payments on Bitcoin. These services allow organizations to integrate Bitcoin-based stablecoin settlement into existing applications without operating or maintaining underlying blockchain infrastructure. | $7.5M | Seed | Mar 06, 2026 |  |
| Superpower | Superpower is a revenue-sharing protocol for AI agents. |  | Pre-Seed | Mar 06, 2026 |  |
| Flying Tulip | Flying Tulip introduces a new capital allocation mechanism and tokenomics designed for capital preservation and sustainable value creation through yield-funded buybacks and long-term protocol growth. | $25.5M | Series A | Jan 29, 2026 |  |
| ETHGas | ETHGas aims to redefine how users engage with Ethereum by providing low-latency, 3ms settlement times, and real-time trading, as well as a comprehensive product suite for exact order execution. | $12M | Seed | Dec 17, 2025 |  |
| Dare Market | Dare Market is an innovative challenge platform built on the Solana blockchain, designed to create an engaging, transparent, and decentralized environment for users to participate in various skill-based and social challenges. | $2M | Seed | Oct 31, 2025 |  |
| Temple Digital Group | Capital Markets Built On Canton. A privacy focused technical stack for trading digital assets. | $5M | Seed | Oct 16, 2025 |  |
| Flying Tulip | Flying Tulip introduces a new capital allocation mechanism and tokenomics designed for capital preservation and sustainable value creation through yield-funded buybacks and long-term protocol growth. | $200M | Seed | Sep 29, 2025 |  |
| Mill City Venture III | Mill City Ventures III is a non-bank lender and specialty finance company. Mill City Ventures fund the client's operations whether it’s real estate bridge mortgages and loans, cash for operations, or general-purpose loans with sufficient collateral. | $450M | Post-IPO Equity | Jul 28, 2025 |  |

10 of 38 investments shown.

## Co-investors
- [Protagonist](https://shizune.co/investors/profile/protagonist-27b9) — VC Fund, 10 deals together
- [Selini Capital](https://shizune.co/investors/profile/selini-capital) — VC Fund, 10 deals together
- [Maven 11 Capital](https://shizune.co/investors/profile/maven-11-capital) — VC Fund, 8 deals together
- [Karatage](https://shizune.co/investors/profile/karatage) — VC Fund, 6 deals together
- [OKX Ventures](https://shizune.co/investors/profile/okx-ventures) — VC Fund, 5 deals together
- [Amber Group](https://shizune.co/investors/profile/amber-ai) — VC Fund, 4 deals together

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## FAQ

### What does Paper Ventures invest in?

Paper Ventures invests primarily in Blockchain, Cryptocurrency and Web3 startups, most often at Seed and Pre-Seed stage. Most of the 38 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 Paper Ventures's check size?

Paper Ventures typically joins rounds of $2.1M–$8M at Seed, $3M–$3.3M at Pre-Seed and $10M–$26M 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 Paper Ventures participates in.

### How do I contact Paper Ventures?

Public channels for Paper Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Paper Ventures?

The team at Paper Ventures includes Danish Chaudhry (GP & Co-Founder), Ivailo Jordanov (GP & Co-Founder) and Kevin Kurian (VP). The Team section lists each member with their title, investment count and links.

### 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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