Evernew Capital

Daniel Kim, the founder and managing partner, leads all investment decisions. Kim has a technical background in mathematics and prior operational experience inside DeFi protocols before launching the fund. The firm operates with a flat hierarchy, and Kim is directly involved in every term sheet and portfolio governance decision.

Evernew invests almost exclusively through direct equity and token positions in early-stage companies. The firm does not operate as a fund-of-funds and rarely participates in club deals. Kim's approach is to write first checks directly, often before projects have formalized fundraising rounds.

The firm focuses on pre-seed, seed, and Series A rounds. Initial check sizes range from approximately $250,000 to $2 million. Evernew will follow on selectively in later rounds for particularly high-conviction positions, but the strategy is anchored in earliest-stage deployment.

Evernew was purpose-built as a crypto-native fund in 2018, before the 2020 institutional wave into digital assets. Kim personally contributes to open-source DeFi codebases and participates in DAO governance, creating a sourcing pipeline embedded in developer communities rather than traditional conference circuits.

No — the firm invests globally. More than 60% of the portfolio is headquartered outside the United States, with significant concentrations in Zug, Singapore, and Lisbon. Evernew structures investments through entities appropriate to the jurisdiction of each portfolio company.

Evernew does not invest in traditional enterprise SaaS, consumer marketplaces, or Web2 fintech unless there is a clear decentralized architecture component. The firm also avoids liquid token trading and does not operate a hedge fund strategy — the structure is pure venture equity and early-stage token warrants.

Evernew typically leads or co-leads rounds and does not syndicate deal flow through GP networks. Kim's preference is to build concentrated positions with minimal external coordination, which gives the firm outsized influence in protocol governance for portfolio companies. Co-investments occur only selectively when a founder brings in a strategic partner.