# Vespertine Capital

> Vespertine Capital is a VC fund in Flagtown backing Blockchain and Cryptocurrency. See 20 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Flagtown, United States
- Total investments: 20
- Last investment: Dec 2023
- Lead investor: 5%
- Last updated: Aug 2026
- X (Twitter): https://twitter.com/vespertinecap
- Website: https://www.vespertine.capital/

Vespertine Capital is a blockchain advisory, investment, and education firm dedicated to helping early-stage crypto ventures drive digital innovation and real-world use cases using blockchain technology.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $285k–$7.7M |
| Pre-Seed | $300k–$650k |
| Series A | $3M–$8M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 12 | 60% |
| Cryptocurrency | 7 | 35% |
| Gaming | 6 | 30% |
| Web3 | 2 | 10% |
| Software | 2 | 10% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 13 | 65% |
| Series A | 3 | 15% |
| Pre-Seed | 2 | 10% |
| Initial Coin Offering | 1 | 5% |
| Venture - Series Unknown | 1 | 5% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Estonia | 2 | 10% |
| Singapore | 2 | 10% |
| United Kingdom | 2 | 10% |
| United Arab Emirates | 2 | 10% |
| Malta | 1 | 5% |

9 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Cumulus Encrypted Storage System (CESS) | CESS is a is committed to build a block-chain-based distributed cloud storage system. | $8M | Series A | Dec 28, 2023 |  |
| CESS | CESS is a blockchain-based, decentralized Layer-1 infrastructure that integrates distributed storage, a high-speed content delivery network. | $8M | Series A | Dec 28, 2023 |  |
| Dmail | Dmail Network is a decentralized mailbox that provides a safe and private environment for users' communication, storage, tokens, and NFTs. The company was founded by Mittal S. and Lucas L. in 2021. |  | Seed | Jul 24, 2023 |  |
| IQ Labs | IQ Protocol develops a decentralized money market for digital asset renting and on-chain subscriptions. It enables digital asset owners to earn passive income by safely lending their NFTs & Fungible Tokens. | $12M | Seed | Mar 03, 2022 |  |
| CrossCurve Metelayer | Founded in 2021, EYWA helps Web3 projects scale up by enabling them to operate, get listed, and traded on all connected blockchain networks with a single liquidity pool. Additionally, EYWA provides a truly decentralized data protocol for secure messaging.In partnership with Curve Finance, one of the largest decentralized exchanges, EYWA isintroducing a new paradigm of non-algorithmic cross-chain assets aimed at solving the problem of liquidity fragmentation. Their cross-chain protocol stands out as the most decentralized solution in the market.- Received 6 grants from biggest L1/L2 blockchain networks including NEAR Foundation, Aurora, Harmony One, Algorand, Boba Network, and others - Winning hackathons: Ethglobal Marketmake, Polygon’s BUIDL IT hackathon, Metis hackathon | $5.2M | Seed | Mar 01, 2022 |  |
| Infinity Arena | Infinity Arena, an emerging blockchain game that combines science-fiction and tactical play-to-earn (P2E) nonfungible tokens (NFTs). | $1.5M | Seed | Feb 10, 2022 |  |
| Kyoko.finance | KYOKO. A cross-chain GameFi NFT lending market for guilds and players. | $6.6M | Seed | Feb 02, 2022 |  |
| Mecha Morphing | Mecha Morphing is a browser-based, decentralized, play-to-earn ARPG game. They offer PVE, PVP loot mode, PVP arena, and bounties. They also provide weapons, mecha armour pieces, land, and characters. | $4.9M | Initial Coin Offering | Jan 27, 2022 |  |
| Chain Crisis | Chain Crisis is a Cyberpunk MMORPG on the Solana blockchain |  | Seed | Jan 25, 2022 |  |
| Katana Inu | Katana Inu promotes gaming innovation by merging gaming and blockchain. As an all-encompassing ecosystem for gamers and traders, powered by Defi and NFT, Katana Inu's objective is to create a system where gamers can earn from their playtime. |  | Seed | Dec 20, 2021 |  |

10 of 20 investments shown.

## Co-investors
- [Fish Dao](https://shizune.co/investors/profile/fish-dao) — VC Fund, 4 deals together
- [IVC](https://shizune.co/investors/profile/infinity-ventures-crypto) — VC Fund, 4 deals together
- [MH Ventures](https://shizune.co/investors/profile/mh-ventures) — VC Fund, 4 deals together
- [7 O’Clock Capital](https://shizune.co/investors/profile/7-o-clock-capital) — VC Fund, 3 deals together
- [Avalon Wealth Club](https://shizune.co/investors/profile/avalon-wealth-club) — VC Fund, 3 deals together
- [Big Brain Holdings](https://shizune.co/investors/profile/big-brain-holdings) — VC Fund, 3 deals together

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## FAQ

### What does Vespertine Capital invest in?

Vespertine Capital invests primarily in Blockchain, Cryptocurrency and Gaming startups, most often at Seed and Series A stage. Most of the 20 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Vespertine Capital's check size?

Vespertine Capital typically joins rounds of $285k–$7.7M at Seed, $300k–$650k at Pre-Seed and $3M–$8M 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 Vespertine Capital participates in.

### When did Vespertine Capital last invest?

The most recent investment recorded for Vespertine Capital closed in Dec 2023. Shizune tracks 20 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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