About 1confirmation
1confirmation is a venture capital firm founded in 2017. It is primarily based out of Palo Alto, United States. As of Feb 2026, 1confirmation is an active investor, having invested in 59 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Seed round of Ruvo Overall, 1confirmation portfolio has seen 4 unicorns, 2 IPOs and 5 acquisitions including key companies like Coinbase, Polymarket and Bitcoin. A lot of funds co-invest with 1confirmation, with names like Andreessen Horowitz sharing a substantial percentage of its portfolio. 1confirmation has team of 5 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
Portfolio Soonicorns
1confirmation's List of Top Investments
1confirmation has a portfolio of 59 companies, including 4 unicorns. Their most notable investments are in Catalog Works and Metahood.Their portfolio spans across United States, United Kingdom, Canada and 8 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 8 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by 1confirmation:
1. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,257 as on Jul 31, 2026
- Investors: Intel, 2020 Ventures and 147 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
2. OpenSea
Blockchain-based web3 marketplace. It enables the creation, buying, selling, and auctioning of non-fungible tokens. It allows users to browse, create, buy, sell, and auction unique digital goods. It provides a platform for creators to showcase their digital art, collectibles, and other unique digital items to a global audience.
Key facts about OpenSea
- Founded Year: 2017
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $427M
- Employee Count: 707 as on Jul 31, 2026
- Investors: Foundation Capital, Y Ventures and 73 Others
- Latest Funding Round: Series C, Jan 04, 2022, $*****
- Highlight: Editors' Pick
3. Polymarket
Online platform providing crypto-based betting games and activities. It is a crypto gambling platform offering various games for users. It allows users to place bets on various sports tournaments and leagues. The platform is offering cryptocurrency-based prediction market solutions, where users can buy and sell shares representing future event outcomes.
Key facts about Polymarket
- Founded Year: 2020
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $2.3B
- Employee Count: 453 as on Jul 31, 2026
- Investors: Founders Growth Equity Fund, WndrCo and 37 Others
- Latest Funding Round: Series D, Oct 07, 2025, $*****
- Highlight: Editors' Pick
4. Bitcoin
Decentralized P2P cryptocurrency for payments. It is based on the Bitcoin Blockchain. It enables users to send, receive, and make payments using digital currencies. It allows transfers through wallets, exchanges, events, and more.
Key facts about Bitcoin
- Founded Year: 2009
- Location: Las Vegas (United States)
- Stage: Public
- Total Funding till date: $100M
- Employee Count: 50 - 199 as on Mar 01, 2026
- Investors: 2020 Ventures, World Capital Holdings Group and 78 Others
- Latest Funding Round: Post IPO, Oct 21, 2021, $*****
- Highlight: Public
5. Ethereum
Blockchain-based public network for decentralized applications. It is a blockchain-based distributed computing platform and operating system featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. It enables developers to build and deploy decentralized applications.
Key facts about Ethereum
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Series B
- Employee Count: 989 as on Jul 31, 2026
- Investors: 2020 Ventures, 27th Street Capital and 109 Others
- Latest Funding Round: Series B, Oct 21, 2021, $*****
- Highlight: Editors' Pick
1confirmation's Year-on-Year Investment Trends
1confirmation has invested in 59 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in Ruvo and most recent follow-on round was in Limitless.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 1 | 4 |
2024 | 1 | 2 | 3 |
2023 | 2 | 1 | 3 |
2022 | 10 | 2 | 12 |
2021 | 8 | 2 | 10 |
2020 | 2 | 0 | 2 |
2019 | 2 | 1 | 3 |
2018 | 4 | 1 | 5 |
2017 | 1 | 0 | 1 |
1confirmation's Investments by Stage
1confirmation has made 25 investments in Seed stage with an average round size of $6.57M, 7 investments in Series A stage with an average round size of $12.5M, 1 investment in Series B stage with an average round size of $133M and 1 investment in Series C stage with an average round size of $30M.Stage of entry | No. of Investments |
|---|---|
Seed | 25 |
Series A | 7 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
1confirmation's Investments by Sector
1confirmation has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, Blockchain - Industry Applications, High Tech and Consumer. Notably, it has invested in 54 Tech companies, 46 Blockchain companies, 36 Enterprise (B2B) companies and at least 35 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Blockchain Technology | 29 |
FinTech | 26 |
Blockchain - Industry Applications | 24 |
High Tech | 24 |
Consumer | 12 |
Others | 22 |
Note: We have considered here, only first round of investments
1confirmation's Investments by Geography
1confirmation has made most investments in United States (23), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 23 |
United Kingdom | 3 |
Brazil | 1 |
China | 1 |
France | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
1confirmation's recent investments
1confirmation has made 1 investments in 2026 so far - Ruvo.Here are the most recent investments by 1confirmation:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 09, 2026 | Brazil | Seed | 7876 | [+4] | |
Oct 21, 2025 | Portugal | Seed | 1732 | [+7] | |
Sep 03, 2025 | - | Seed | 6243 | - | |
Feb 26, 2025 | - | Seed | 6770 | - | |
Jan 22, 2025 | United States | Seed | 1173 | [+4] |
Unicorns in 1confirmation's Portfolio
1confirmation has 4 unicorns in its portfolio - Polymarket, Merkle Manufactory, World and others. The most recent unicorn in their portfolio is Polymarket. It became a unicorn in 2025, 4 years after 1confirmation first invested in it.Here is a list of unicorns in 1confirmation's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Online platform providing crypto-based betting games and activities | 2020 | New York City | Series D | pqouqnn | ||
60 | Developer of app studio for social platforms | 2021 | Los Angeles | Series D | vvlgoxh | ||
61 | Provider of digital identity verification services and blockchain infrastructure technology | 2019 | San Francisco | Unfunded | r{{mcrh | ||
58 | Provider of Web3 infrastructure and compliance platform for blockchain projects | 2019 | San Francisco | Series B | yw{ztkk |
IPOs and Publicly Listed companies in 1confirmation's Portfolio
2 of 1confirmation's portfolio companies have become public. Coinbase got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Apr 2021 at marketcap of $28.7B and Bitcoin got listed on the Toronto Stock Exchange (TSX).Here are 1confirmation's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2021 | - | - | 4509 | |
Feb 18, 2021 | - | - | 9238 |
Acquired companies in 1confirmation's Portfolio
5 companies from 1confirmation's portfolio have been acquired. The most recent acquisition was Bloxroute in Jul 2026 by FalconX for $*****.Here are 1confirmation's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2026 | - | - | 5802 | |
Jan 21, 2026 | Jul 12, 2022 | Seed | 8895 | |
Oct 16, 2025 | Sep 09, 2022 | Seed | 4859 | |
Oct 21, 2024 | - | - | 6070 | |
Feb 18, 2020 | Apr 17, 2018 | Series A | 7841 |
Team profile of 1confirmation
1confirmation has a team of 5 members including 4 Partners located in United States. 1confirmation's team does not sit on the board of any company as of now.Here is a list of all team members in 1confirmation:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Carson City | - | ||
Partner | United States | - | ||
Partner | - | - | - | |
Partner | Miami Beach | - | - |
Co-investors of 1confirmation
Over the past 9 years, 292 investors have co-invested in 1confirmation's portfolio companies. This includes funds and angels.
- Invested before 1confirmation: Y Combinator, Vy Capital and 2 others have invested in rounds before 1confirmation. There are 2 companies where Y Combinator has invested before 1confirmation and 1 company where Vy Capital has invested before 1confirmation.
- Top Co-investors of 1confirmation: 175 investors entered a company along with 1confirmation. These include investors like Andreessen Horowitz (7 companies).
- Invested after 1confirmation: A total of 113 investors have invested in 1confirmation's portfolio after their investments. Top Investors include Kevin Hartz (3 companies), Paradigm (3 companies) and Andreessen Horowitz (2 companies).
Recent News related to 1confirmation
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Polymarket Crosses $1B Annualized RevenueThe Deep Dive•Jun 26, 2026•Polymarket, 1confirmation, Polychain Capital
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Ruvo raises $4.6M seed roundLatamList•Feb 09, 2026•Ruvo, 1confirmation, Coinbase, Rebel Fund and 4 others
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Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token LaunchCryptocurrency•Oct 20, 2025•Limitless, 1confirmation, F-Prime Capital, Collider and 7 others
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GLHF Secures $2.3M to Expand Blockchain Game Gigaverse with AI-Driven GameplayAlexaBlockchain•Sep 03, 2025•1confirmation, Glhfers
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Paradigm leads KaitoAI’s crypto VC performance rankingsCryptonews•Mar 06, 2025•Paradigm Spine, Dragonfly, Walgreens Boots Alliance, Andreessen Horowitz and 35 others
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Crypto wallet Keplr raises $5 million seed round at $50 million valuationThe Block•Jan 22, 2025•Keplr, 1confirmation, Coinbase, HashKey Capital and 3 others
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Polymarket’s $50M Funding Round: Is a Game-Changing Token Launch on the Horizon?Cryptos Newss•Sep 24, 2024•Polymarket, Founders Fund, ParaFi, 1confirmation and 2 others
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Limitless Network Raises $3 Million to Build Prediction Market on Coinbase L2 BaseDecrypt•Sep 17, 2024•Limitless, 1confirmation, Limitlessnetwork, Paper Ventures and 3 others
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Decentralized Exchange dYdX Raises $10M for Product Growth, Asian ExpansionBlockworks•May 23, 2024•dYdX, Three Arrows Capital, DeFiance Capital, Andreessen Horowitz and 3 others
