Maven11 Capital

Maven11 sources through its partners’ technical research and deep network of protocol builders. Mathijs van Esch, Mads Mathiesen, and Pim Swart lead primary diligence and publish public theses on rollups, zero-knowledge technology, and MEV. The firm also acquires allocation through active protocol participation, including serving as a Pool Delegate on Maple Finance.

Maven11 operates as a venture capital firm that makes early-stage equity and token investments in crypto protocols and companies. It also maintains a trading desk under trader Ruben van den Eshof, which uses on-chain data analysis to inform investment decisions. The firm’s primary vehicle is venture, not proprietary trading.

Maven11 invests at the earliest stages — typically seed and Series A rounds of blockchain protocols and crypto-native companies. Its portfolio shows lead and participation roles in rounds for Celestia, Anoma, Astria, and Sovereign Labs, all at the pre-launch or early-mainnet phase.

Maven11 writes both equity and token checks, depending on the project structure. Infrastructure plays like Celestia and Anoma involved equity and token warrants, while DeFi positions like OlympusDAO and Maple Finance were accessed via token sales. The firm does not restrict itself to a single instrument.

Maven11 Capital operates out of Amsterdam and maintains a Cayman Islands entity, likely for fund structuring. The firm employs a CFO/COO, Arun Rambocus, responsible for compliance, fund finance, and legal. Specific fund vehicles and regulatory filings have not been publicly disclosed.

Maven11’s portfolio is concentrated in crypto-native infrastructure, DeFi, and Web3 middleware. There are no public indications of investments in traditional fintech, biotech, consumer, or general enterprise software. The firm has signaled thematic focus but not published formal exclusion criteria.

Yes — Maven11 co-invests regularly. Its rounds in Celestia and Anoma included other crypto VCs such as Polychain Capital and Paradigm. The firm’s deal-flow model depends on syndication with peer funds and angel operators, consistent with the collaborative origination structure of crypto venture.