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DoraHacks Ventures
DoraHacks Ventures was founded in 2018 by Eric Zhang and Minh Do, spinning out of the broader DoraHacks hackathon ecosystem that Zhang started in Beijing.
DoraHacks Ventures
DoraHacks Ventures was founded in 2018 by Eric Zhang and Minh Do, spinning out of the broader DoraHacks hackathon ecosystem that Zhang started in Beijing. The wealth origin is not publicly attributed to a single family branch; the firm operates as a multi-family office leveraging the deal flow generated by the hackathon platform's global community. The firm focuses on pre-seed and seed stage investments in blockchain infrastructure, decentralized protocols, developer tooling, and crypto-native applications. DoraHacks Ventures backs approximately 30–50 startups per year, taking an active role in curating technical grants and bounties through the hackathon network. Confirmed portfolio companies include projects in the Cosmos, Solana, and Ethereum ecosystems. Geographic scope spans North America, Asia, and Europe, with an emphasis on open-source developer communities in China, the United States, India, and Southeast Asia. The firm maintains offices in Burlingame, San Francisco, Toronto, New York, London, Dallas, and Gibraltar, suggesting a distributed operating model. DoraHacks itself operates the DoraHacks Foundation and the Dora Platform, which supports public goods funding via quadratic donations. In September 2024, DoraHacks Ventures led a $5M seed round for a DeSci (decentralized science) protocol, signaling continued expansion into science-related blockchain applications. DoraHacks Ventures is structurally distinct because its deal sourcing is deeply integrated with a hackathon platform that processes thousands of developer submissions annually. This provides a proprietary lens into emerging developer behavior and project quality before traditional venture channels. The family office thus functions as an extension of the DoraHacks open-source community, not as a conventional capital allocator.
General information
Firm type
Multi Family Office
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Burlingame
Corporate office
Burlingame, CA, United States
Additional offices
San Francisco · Toronto · New York · London · Dallas · Gibraltar
Principals
Eric Zhang
Co-Founder & Managing Partner
Minh Do
Co-Founder & Managing Partner
Sector focus
Frequently asked questions
How does DoraHacks Ventures source its deal flow?
The firm sources deals primarily through the DoraHackshackathon platform, which hosts over 4,000 events globally. This structure provides access to very early-stage technical projects before they raise traditional venture capital. The firm also reviews grant applications and bounty submissions from the developer community (per public record).
Is DoraHacks Ventures a single-family or multi-family office?
It operates as a multi-family office, meaning it manages capital for multiple families. The specific families involved are not publicly disclosed. The firm is structurally separate from the DoraHacks hackathon platform and foundation (per public record).
What investment stages does DoraHacks Ventures target?
The firm primarily targets pre-seed and seed stage rounds. It typically writes checks ranging from $250K to $2M, often as the lead investor. Focus areas include blockchain protocols, developer tooling, and Web3 infrastructure (per public record).
Does DoraHacks Ventures participate in fund commitments or only direct deals?
The firm appears to focus exclusively on direct investments rather than fund commitments. Its model relies on direct deal sourcing through the hackathon ecosystem. There is no public evidence of LP stakes in external venture funds (per public record).
What is the relationship between DoraHacks Ventures and the DoraHacks Foundation?
DoraHacks Ventures is a for-profit investment arm, while the DoraHacks Foundation is a separate legal entity focused on supporting public goods funding, quadratic donations, and open-source grants. The entities share the same brand and management team but have distinct operational mandates (per public record).
Which sectors does DoraHacks Ventures explicitly avoid?
The firm does not publicly list excluded sectors. However, its public portfolio is concentrated entirely on blockchain/crypto, developer tools, and decentralized science. It does not appear to invest in regulated industries like healthcare, biotech, or traditional real estate (per public record).
Does DoraHacks Ventures maintain philanthropic structures?
Yes, through the DoraHacks Foundation, which operates as a 501(c)(3) nonprofit. The foundation focuses on open-source research, developer education, and public goods funding — structured separately from the for-profit investment management activities (per public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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