Private Equity

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Nonagon

Care at hand | In a world where telehealth is becoming increasingly center stage, the shortcomings of the pre-existing model point to the need for a more...

Nonagon logo

Nonagon

Care at hand | In a world where telehealth is becoming increasingly center stage, the shortcomings of the pre-existing model point to the need for a more seamless experience for everyone. There needs to be a way to integrate physical exams into the process in a way that gives patients the option to choose how they want to receive their care, and when.

General information

Firm type

Private Equity

Year founded

2016

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

San Francisco, CA, United States

Sector focus

Web3Blockchain InfrastructureDeFiGaming & EntertainmentAI/MLDigital IdentitySocial Media

Frequently asked questions

What stage does Nonagon Capital invest at?

Nonagon targets pre-seed and seed rounds in web3 protocols. The firm positions itself for first-check capital, entering before the project has scaled or, in many cases, before a live product exists. This stage focus matches portfolio companies like nirvana and 0xPPL, which were backed at formation.

Does Nonagon invest outside of web3?

Nonagon's public positioning is exclusively web3. Its portfolio of 14 named companies covers DeFi agent infrastructure, blockchain gaming, digital identity, crypto-native social networks, and DAO fund-of-funds structures, with no disclosed exposure to traditional SaaS, enterprise software, or non-crypto sectors.

Who runs investment decisions at Nonagon Capital?

Nonagon's website lists an unlabeled Team section and an Advisor section, but no named investment professionals are publicly attributed. No public profiles, interviews, or regulatory filings naming specific decision-makers were found during research. The firm's leadership structure remains undisclosed.

How does Nonagon source its deal flow?

Nonagon has not publicly described its sourcing model. The portfolio's geographic spread — spanning the US (Acctual, Noxx), Japan (Oasys), South Korea (Modhaus), Singapore (Kasagi Lab), and Hong Kong (E-Pal/Balance) — suggests a network-driven approach across multiple crypto hubs, but the firm provides no details on its origination channels.

Is Nonagon structured as a venture firm or a fund?

Nonagon presents as an asset manager deploying private equity-style capital into early-stage web3 startups. No fund structure, vehicle, or limited partner disclosures are publicly available. The firm has not announced any fund closes or capital commitments.

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