About Paper Ventures
Paper Ventures is a venture capital firm founded in 2023. It is primarily based out of London, United Kingdom. As of Sep 2025, Paper Ventures is an active investor, having invested in 22 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 Flying Tulip A lot of funds co-invest with Paper Ventures, with names like Protagonist sharing a substantial percentage of its portfolio. Paper Ventures has team of 7 people including 4 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 22 companies. Their most notable investments are in Holonym and Renalabs.Their portfolio spans across United States, Argentina, Canada and 8 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
- Founded Year: 2011
- Location: Chicago (United States)
- Stage: Series D
- Total Funding till date: $220M
- Employee Count: 82 as on Feb 28, 2026
- Investors: G Squared, New Enterprise Associates and 26 Others
- Latest Funding Round: Series D, Feb 26, 2025, $*****
- Highlight: Editors' Pick
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
- Investors: Republic, Selini Capital and 29 Others
- Latest Funding Round: Series A, Jul 24, 2025, $*****
- Highlight: Editors' Pick
3. Camp Network
Modular blockchain layer platform. It offers a blockchain platform that leverages off-chain data from Web2 streaming and social platforms to enable on-chain value creation. It also enables deployment of dApps built on Camp blockchain.
Key facts about Camp Network
- Founded Year: 2023
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $30M
- Employee Count: 24 as on Jan 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: $7M
- Employee Count: 29 as on Feb 28, 2026
- Investors: 1confirmation, Collider and 4 Others
- Latest Funding Round: Seed, Jul 01, 2025, $*****
- Highlight: Editors' Pick
5. Sophon
A modular blockchain network. It develops gaming and AI space platforms designed to impact the communities. It has a network, strategic collaborations, and commitment to enabling users to create an impact on web3.
Key facts about Sophon
- Founded Year: 2024
- Location: Mountain View (United States)
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 26 as on Jan 31, 2026
- Investors: OKX, Spartan Group and 5 Others
- Latest Funding Round: Series A, Oct 03, 2024, $*****
Paper Ventures' Year-on-Year Investment Trends
In 2025, it made 6 investments. Its most recent first time investment was in Flying Tulip.Paper Ventures' Investments by Stage
Paper Ventures has made 17 investments in Seed stage with an average round size of $16.3M, 4 investments in Series A stage with an average round size of $11.4M and 1 investment in Series D stage with an average round size of $63M.Stage of entry | No. of Investments |
|---|---|
Seed | 17 |
Series A | 4 |
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 Blockchain Technology, High Tech, Blockchain - Industry Applications, Enterprise Applications and FinTech. Notably, it has invested in 18 Tech companies, 15 Blockchain companies, 14 Enterprise (B2B) companies and at least 11 companies focusing on Software.Sector | No. of Investments |
|---|---|
Blockchain Technology | 14 |
High Tech | 14 |
Blockchain - Industry Applications | 6 |
Enterprise Applications | 5 |
FinTech | 5 |
Others | 12 |
Note: We have considered here, only first round of investments
Paper Ventures' Investments by Geography
Paper Ventures has made most investments in United States (10), followed by Argentina where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 10 |
Argentina | 1 |
Canada | 1 |
Cayman Islands | 1 |
China | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Paper Ventures' recent investments
Paper Ventures has not made any investment in 2026 so far.Here are the most recent investments by Paper Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 29, 2025 | United States | Seed | 8897 | [+14] | |
Jul 24, 2025 | United States | Series A | 7467 | [+24] | |
May 16, 2025 | Finland | Seed | 1098 | [+4] | |
Feb 26, 2025 | United States | Series D | 6390 | [+13] | |
Feb 10, 2025 | Cayman Islands | Series A | 3369 | [+9] |
Team profile of Paper Ventures
Paper Ventures has a team of 7 members including 4 Partners and 2 Venture Partners located in United Kingdom, United States 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 | London | - | - | |
Partner | London | - | ||
Partner | London | - | ||
Partner | New York City | - | ||
Venture Partner | Amsterdam | - | - | |
Venture Partner | Germany | - |
Co-investors of Paper Ventures
Over the past 2 years, 191 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 27 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: 127 investors entered a company along with Paper Ventures. These include investors like Protagonist (5 companies).
- Invested after Paper Ventures: A total of 35 investors have invested in Paper Ventures's portfolio after their investments. Top Investors include Blockchain Capital (2 companies), dao5 (2 companies) and 1kx (1 company).
Recent News related to Paper Ventures
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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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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, Protagonist, Borderlesscapital, Paper Ventures and 3 others
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XSY Secures $500K in Pre-Series A FundingSina•May 15, 2025•XSY, Chainview Capital, Paper Ventures, Borderlesscapital 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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Gift Card Startup Raise Expands Into Crypto with $63M Funding Round Led by Haun VenturesNFTgators•Feb 27, 2025•GSR, Selini Capital, Paper Ventures, Haun Ventures and 2 others
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Raise, a Crypto Gift Card Platform, Completes $63 Million in Funding with Haun Ventures Leading the RoundPANews•Feb 26, 2025•Raise, Haun Ventures, Paper Ventures, Selini Capital and 6 others
