Room40 Ventures

The firm does not publicly disclose its sourcing model. Given its focus on bridging capital and crypto at every stage of growth, Room40 likely combines direct relationships with crypto-native founders and participation in the liquid-token markets that many dedicated venture funds avoid post-listing.

Room40 self-identifies as a crossover investment firm, which implies it holds positions across both private crypto equity and liquid tokens. This is distinct from a pure venture fund that typically exits upon token listing, and from a liquid crypto hedge fund that does not participate in early-stage private rounds.

Room40 has not disclosed whether it makes fund commitments to other managers. The public portfolio reflects only direct investments into protocol companies and tokens, consistent with a direct-deal approach common among specialist crypto investment firms.

Room40 describes itself as targeting every stage of growth across capital and crypto. Portfolio evidence suggests seed through growth-stage equity, alongside liquid-token positions in publicly traded protocol assets.

Room40 does not publish a negative list. Its portfolio gravitates toward blockchain infrastructure, DeFi, DePIN, and onchain credit — with no public exposure to sectors such as biotech, traditional industrials, or consumer packaged goods.

Room40 has not publicly named its founder, managing partners, or investment committee. Key-person risk assessment and decision-making structure are not evaluable from disclosed sources.

There is no public disclosure regarding co-investment policies. The portfolio does not name co-investors in its public materials, leaving unclear whether Room40 leads rounds, participates alongside other firms, or operates syndicate-style vehicles.