MH Ventures

Founders and general partners Kamran Amin and Garen Vangelis lead investment decisions. The firm shows no investment committee beyond the two GPs on its public team page. Amin and Vangelis are supported by a compact team that includes a portfolio manager, a head of accounts and tokenomics, and a trading and capital markets lead.

The firm positions itself as a 'crypto-native venture fund and infrastructure partner,' which implies deal flow originates from founder networks inside the Web3 developer community and from the firm's own validator and infrastructure operations. Running validators for proof-of-stake networks gives MH Ventures direct exposure to protocol teams and early insight into ecosystem growth, creating a sourcing channel that pure financial investors typically lack.

MH Ventures departs from the traditional venture model by combining equity and token investments with validator operations, proprietary trading and market making, and advisory services — all under one Cayman-registered umbrella. That hybrid structure allows the firm to earn recurring staking rewards and trading income alongside long-term venture returns, but it also introduces potential conflicts when the firm provides liquidity for tokens in which it holds positions.

The firm markets its Frontier Fund series to 'institutions and investors globally' and maintains a Cayman Islands domicile consistent with a pooled fund structure. However, MH Ventures does not publicly name any external LPs, and the ultimate source of the $255M-plus in reported assets under management — which may include staked or locked token positions — is not disclosed.

The firm describes itself as 'early-stage' and 'founder-focused,' backing Web3 protocols and companies from pre-seed and seed rounds primarily. Its portfolio includes Layer 1 blockchains, Layer 2 scaling solutions, DePIN networks, and early-stage AI-crypto integrations. The Pharos seed round in mid-2025 illustrates the type of nascent infrastructure deal the firm pursues.

MH Ventures does not publish an explicit exclusion list. Its portfolio, public statements, and research output concentrate entirely on blockchain infrastructure, DeFi, DePIN, AI-integrated protocols, on-chain identity, and gaming. No investments outside crypto-native or adjacent technology verticals appear in its disclosed portfolio.

The firm operates validators that earn staking rewards on proof-of-stake networks — potentially including some networks in which it holds equity or token positions from its venture activities. This dual role as infrastructure operator and investor is central to MH Ventures's pitch of providing 'validation, liquidity, and strategic insight,' but it also concentrates several fee and value-accrual streams — and their associated conflicts — inside a single entity.