About Paper Ventures
Paper Ventures is a venture capital firm founded in 2023. It is primarily based out of London, United Kingdom. As of Jun 2026, Paper Ventures is an active investor, having invested in 25 companies, with 3 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 High Tech to Blockchain Technology and Enterprise Applications. Most recently it participated in the $***** Seed round of Cambrian Network A lot of funds co-invest with Paper Ventures, with names like Selini Capital sharing a substantial percentage of its portfolio. Paper Ventures has team of 7 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Soonicorns
Deals in last 12 months
Paper Ventures' List of Top Investments
Paper Ventures has a portfolio of 25 companies. Their most notable investments are in Holonym and Renalabs.Their portfolio spans across United States, Argentina, British Virgin Islands and 10 more locations. They have invested in High Tech, Blockchain Technology, Enterprise Applications and 10 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Paper Ventures:1. Raise
Online marketplace offering gift cards for cash. It allows users to sell gift cards from different brand and restaurant to get cash back. The user chooses the selling price and the gift card is featured on its for consumers to buy.
Key facts about Raise
2. Gaia
Blockchain-based decentralized computing infrastructure. It enables users to create, deploy, scale, and monetize AI agents that reflect styles, values, knowledge, and expertise. It allows individuals and businesses to create AI agents.
Key facts about Gaia
- Founded Year: 2024
- Location: Berkeley (United States)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 8 as on Aug 31, 2026
- Investors: Republic, Stake Capital and 29 Others
- Latest Funding Round: Series A, Jul 24, 2025, $*****
- Highlight: Editors' Pick

3. Camp Network
Developer of blockchain infrastructure for management of intellectual property assets. This platform enables users to register, share, and monetize creative rights within an environment built for artificial intelligence agents. The system provides a registry for verifiable intellectual property and supports the development of media applications utilizing data ownership protocols. Participants use this network to facilitate attribution and compensation for content generated within digital ecosystems.
Key facts about Camp Network
- Founded Year: 2023
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $30M
- Employee Count: 17 as on Aug 31, 2026
- Investors: TrueBridge, Eterna Capital and 11 Others
- Latest Funding Round: Series A, Apr 29, 2025, $*****

4. Limitless
Provider of social crypto trading platform. It enables prediction markets, leveraging blockchain and AI technology to facilitate social trading and enable users to bet on various outcomes.
Key facts about Limitless
- Founded Year: 2021
- Location: Lisbon (Portugal)
- Stage: Seed
- Total Funding till date: $17M
- Employee Count: 52 as on Aug 31, 2026
- Investors: F-Prime Capital, 1confirmation and 10 Others
- Latest Funding Round: Seed, Oct 21, 2025, $*****
- Highlight: Editors' Pick
Aligned Layer builds the infrastructure that helps fintechs, institutions, and enterprises upgrade to Ethereum, turning it into a financial backend the world can build on. Aligned is a full stack of vertically integrated infrastructure. Today a company that wants to ship a financial product on Ethereum has to assemble separate vendors for embedded wallets, a dedicated rollup, interoperability, and proof infrastructure, then maintain four or five integrations before writing any product code. Aligned builds all of that in-house and delivers it through a single integration. Teams use Aligned to launch remittances, neobanks, stablecoin-based payment rails, digital identity systems, and other financial services that need scale and cross-ecosystem reach, all through a single integration for wallets, rollups, interoperability, and ZK services. The Proof Aggregation Service is live on Ethereum mainnet (alpha) and uses recursion to compress many zero-knowledge proofs into a single onchain verification, which keeps ZK costs sustainable as usage scales. Rollup-as-a-Service and Wallet-as-a-Service are in production with selected partners. Interoperability and LambdaVM (a RISC-V zkVM built with 3MI Labs and LambdaClass) are in development. Aligned is proof-system agnostic and supports SP1, RISC Zero, STARKs, and SNARKs. $ALIGN is the native asset of the Aligned ecosystem and an ERC-20 utility token on Ethereum. It is intended to pay fees for the services provided across the Aligned stack, including Proof Aggregation, Rollup-as-a-Service, and Wallet-as-a-Service.
Key facts about Aligned Layer
- Founded Year: 2024
- Location: Buenos Aires (Argentina)
- Stage: Series A
- Total Funding till date: $22.9M
- Investors: Hack VC, GM Ventures and 28 Others
- Latest Funding Round: Seed, 2024, $*****
- Highlight: Editors' Pick
Paper Ventures' Year-on-Year Investment Trends
In 2025, it made 6 investments, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Cambrian Network.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 6 | 0 | 6 |
2024 | 16 | 0 | 16 |
Paper Ventures' Investments by Stage
Paper Ventures has made 19 investments in Seed stage with an average round size of $15.2M, 5 investments in Series A stage with an average round size of $10.2M and 1 investment in Series D stage with an average round size of $63M.Stage of entry | No. of Investments |
|---|---|
Seed | 19 |
Series A | 5 |
Series D | 1 |
Note: We have considered here, only first round of investments
Paper Ventures' Investments by Sector
Paper Ventures has a diverse portfolio, with companies operating in the High Tech, Blockchain Technology, Enterprise Applications, Blockchain - Industry Applications and FinTech. Notably, it has invested in 21 Tech companies, 17 Blockchain companies, 17 Enterprise (B2B) companies and at least 15 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 16 |
Blockchain Technology | 15 |
Enterprise Applications | 10 |
Blockchain - Industry Applications | 7 |
FinTech | 6 |
Others | 14 |
Note: We have considered here, only first round of investments
Paper Ventures' Investments by Geography
Paper Ventures has made most investments in United States (12), followed by Argentina where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 12 |
Argentina | 1 |
British Virgin Islands | 1 |
Canada | 1 |
Cayman Islands | 1 |
Others | 8 |
Note: We have considered here, only first round of investments
Paper Ventures' recent investments
Paper Ventures has made 3 investments in 2026 so far. Cambrian Network and Cluster Protocol are the latest among them.Here are the most recent investments by Paper Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 24, 2026 | United States | Seed | 2464 | ||
Apr 23, 2026 | United Arab Emirates | Series A | 3274 | [+2] | |
Mar 06, 2026 | British Virgin Islands | Seed | 3864 | [+16] | |
Sep 29, 2025 | United States | Seed | 5944 | [+15] | |
Jul 24, 2025 | United States | Series A | 7285 | [+24] |
Team profile of Paper Ventures
Paper Ventures has a team of 7 members including 6 Partners located in United Kingdom, Spain and 2 more locations. Paper Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Paper Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | United Kingdom | - | - | |
Partner | London | - | ||
Partner | Valencia | - | ||
Partner | Amsterdam | - | - | |
Partner | Berlin | - |
Co-investors of Paper Ventures
Over the past 2 years, 252 investors have co-invested in Paper Ventures's portfolio companies. This includes funds and angels.
- Invested before Paper Ventures: Bessemer Venture Partners, Listen VC and 42 others have invested in rounds before Paper Ventures. There is 1 company where Bessemer Venture Partners has invested before Paper Ventures and 1 company where Listen VC has invested before Paper Ventures.
- Top Co-investors of Paper Ventures: 159 investors entered a company along with Paper Ventures. These include investors like Selini Capital (5 companies).
- Invested after Paper Ventures: A total of 49 investors have invested in Paper Ventures's portfolio after their investments. Top Investors include Blockchain Capital (2 companies), dao5 (2 companies) and Coinbase (2 companies).
Recent News related to Paper Ventures
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a16z CSX-backed Cambrian completes $6 million seed round, led by Franklin Templeton and PolychainPANews•Jun 25, 2026•Paper Ventures, Nomad Capital, Cambrian Network, Polychain Capital and 2 others
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Cluster Protocol Secures $5M to Advance CodeXero AI IDE for EVMBitcoin Ethereum News•Apr 25, 2026•Cluster Protocol, dao5, Paper Ventures, Mapleblock
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Utexo Raises $7.5M Led by Tether for Bitcoin USDT SettlementsNewMediaWire•Mar 06, 2026•Portal ventures, Big Brain Holdings, Tether, Utexo and 21 others
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Andre Cronje's Flying Tulip raises additional $75.5 million at $1 billion token valuationThe Block•Jan 30, 2026•Flying Tulip, Paper Ventures, Fasanara, Amber Group
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Temple Digital Group Raises $5M in Seed FundingFinSMEs•Oct 16, 2025•YZi Labs, Halo Capital, Paper Ventures, Protagonist and 8 others
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Hyper-investment firm Camp Network secures $30 million in Series A fundingWowtale•Aug 21, 2025•Hyperithm, Paper Ventures, Protagonist, Hypersphere Ventures and 7 others
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Mill City Ventures Announces $450 Million Private Placement for Sui Treasury StrategyBusiness Wire•Jul 28, 2025•Mill City Ventures, Karatage, Paper Ventures, Comma3 Ventures and 15 others
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DeFi Platform XSY.fi Secures $5 Million in Pre-A FundingPANews•May 16, 2025•xsy.fi, Protagonist, Borderless Capital, Paper Ventures and 3 others
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XSY Secures $500K in Pre-Series A FundingSina•May 15, 2025•xsy.fi, Chainview Capital, Paper Ventures, Borderless Capital and 1 other
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Rakurai Raises $3M Seed Round to Accelerate Development of High Throughput Solana NodesBitcoin•Mar 13, 2025•Rakurai, Anagram Ventures, Paper Ventures, Colosseum Fitness and 6 others

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