About Flow Ventures
Flow Ventures is a venture capital firm founded in 2020. It is primarily based out of Amsterdam, Netherlands. As of Jan 2024, Flow Ventures has invested in 16 companies. 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 FinTech and High Tech. Most recently it participated in the $***** Seed round of Altitude A lot of funds co-invest with Flow Ventures, with names like New Form Capital sharing a substantial percentage of its portfolio. Flow Ventures has team of 4 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Flow Ventures' List of Top Investments
Flow Ventures has a portfolio of 16 companies. Their most notable investments are in Ruby.Exchange and Tioga Capital.Their portfolio spans across United States, Australia, Netherlands and 7 more locations. They have invested in Blockchain Technology, FinTech, High Tech and 8 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Flow Ventures:
1. Centrifuge
Provider of the decentralized platform to connect the financial supply chain. It allows businesses to transact on a network while maintaining ownership of their data, including validated company details, business relationships, and transactions. It also enables businesses to exchange financial documents such as invoices, purchase orders, and company data.
Key facts about Centrifuge
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $27.1M
- Employee Count: 10 as on Dec 31, 2020
- Investors: Mosaic Ventures, Isomer Capital and 43 Others
- Latest Funding Round: Series A, Apr 17, 2024, $*****
- Highlight: Editors' Pick

2. Maple
Online marketplace for crypto loans. It enables institutions to borrow from liquidity pools funded by the DeFi ecosystem. Liquidity providers can earn yield from pools of borrowers managed by pool delegates.
Key facts about Maple
- Founded Year: 2019
- Location: Melbourne (Australia)
- Stage: Series A
- Total Funding till date: $6.4M
- Employee Count: 33 as on Jul 01, 2024
- Investors: Polychain, GSR Ventures and 14 Others
- Latest Funding Round: Series A, Aug 22, 2023, $*****
- Highlight: Editors' Pick
Key facts about Tioga Capital
- Founded Year: 2019
- Location: Brussels (Belgium)
- Stage: Seed
- Employee Count: 15 as on Jul 01, 2024
- Investors: Owl Ventures, GSR and 5 Others
- Latest Funding Round: Seed, Jan 09, 2024, $*****
4. Illuvium
NFT focused role playing game developer. It is a blockchain based platform. The company offers an open-world rpg game where users travel across a vast and varied landscape to hunt and capture deity-like creatures called Illuvials.
Key facts about Illuvium
- Founded Year: 2020
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $60M
- Employee Count: 88 as on Jul 01, 2024
- Investors: King River, Animoca Brands and 23 Others
- Latest Funding Round: Series A, Mar 27, 2024, $*****
- Highlight: Editors' Pick

5. Merit Circle
Developer of metaverse PC based games. The games include Star atlas and Lluvium, Hash rush, and Axie infinity. It is also developing a platform for different games in the metaverse.
Key facts about Merit Circle
- Founded Year: 2021
- Location: Amsterdam (Netherlands)
- Stage: Seed
- Total Funding till date: $4.5M
- Employee Count: 19 as on Jul 01, 2024
- Investors: Digital Currency Group, DeFiance Capital and 21 Others
- Latest Funding Round: Seed, Dec 02, 2021, $*****
Flow Ventures' Year-on-Year Investment Trends
Flow Ventures has invested in 16 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Altitude.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 0 | 3 |
2023 | 1 | 0 | 1 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
Flow Ventures' Investments by Stage
Flow Ventures has made 5 investments in Seed stage with an average round size of $3.43M and 2 investments in Series A stage with an average round size of $7.35M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 2 |
Note: We have considered here, only first round of investments
Flow Ventures' Investments by Sector
Flow Ventures has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Blockchain Technology, FinTech, High Tech and Enterprise Applications. Notably, it has invested in 14 Tech companies, 12 Blockchain companies, 9 Consumer (B2C) companies and at least 7 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 5 |
Blockchain Technology | 4 |
FinTech | 4 |
High Tech | 4 |
Enterprise Applications | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Flow Ventures' Investments by Geography
Flow Ventures has made most investments in United States (2), followed by Belgium where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 2 |
Belgium | 1 |
Cyprus | 1 |
Finland | 1 |
Netherlands | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Flow Ventures' recent investments
Flow Ventures has not made any investment in 2026 so far.Here are the most recent investments by Flow Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 09, 2024 | Finland | Seed | 7724 | [+5] | |
Jan 09, 2024 | United States | Seed | 3357 | [+5] | |
Jan 09, 2024 | Belgium | Seed | 8240 | [+4] | |
Feb 01, 2023 | Cyprus | Series A | 1179 | [+7] | |
Jun 16, 2022 | United States | Seed | 6109 | [+4] |
Team profile of Flow Ventures
Flow Ventures has a team of 4 members including 4 Partners located in Netherlands and Malaysia. Flow Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Flow Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Amsterdam | - | ||
Partner | Amsterdam | - | ||
Partner | Malaysia | - | - | |
Partner | Sprang | - | - |
Co-investors of Flow Ventures
Over the past 5 years, 62 investors have co-invested in Flow Ventures's portfolio companies. This includes funds and angels.
- Invested before Flow Ventures: web3 Studios, Yoann Turpin and 30 others have invested in rounds before Flow Ventures. There is 1 company where web3 Studios has invested before Flow Ventures and 1 company where Yoann Turpin has invested before Flow Ventures.
- Top Co-investors of Flow Ventures: 30 investors entered a company along with Flow Ventures. These include investors like New Form Capital (3 companies).
Recent News related to Flow Ventures
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Amsterdam’s NFT ticketing firm GET Protocol raises €4M to help consumers transition to web3Silicon Canals•Jul 13, 2023•GET Protocol, Flow Ventures, Animoca Brands, Tezos Foundation and 2 others
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Dutch NFT ticketing platform GET Protocol raises $4.5M from Web3 veteransTech Funding News•Jul 13, 2023•GET Protocol, Flow Ventures, Animoca Brands, Red Beard Ventures and 1 other
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GET Protocol says its disrupting the ticketing markets as it gets $4.5 million in fundingTech.eu•Jul 12, 2023•GET Protocol, Flow Ventures, Animoca Brands, Red Beard Ventures and 3 others
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Fungify raises $6M to build new NFT lending primitiveCoinTelegraph•Feb 01, 2023•Fungify, CitizenX, Distributed Global, Infinity Ventures Crypto and 3 others
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Arcade lands $3.2M from Crypto.Com, Solana, KuCoin and others to take GameFi mainstreamTechStartups.com•Oct 19, 2022•Arcade, CRYPTO, Tenzor Capital, Highland Ventures Ltd and 7 others
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DeFi for construction finance startup Rigor raises $3.5m to end housing's affordability crisisuserwalls.news•Jun 16, 2022•Rigor, Agya Ventures, Bain Capital Ventures, Digital Currency Group and 3 others
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NOWATCH Raises $8.7 Million Series A Round Led by Angel Investor Chris Halluserwalls.news•Jun 15, 2022•NOWATCH, Flow Ventures, Flow Ventures

