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Smrti Labs
Bowen Shen runs a concentrated Web3 growth and venture strategy out of New York, co-investing alongside Multicoin Capital and Dragonfly Capital.
Smrti Labs
Smrti Labs was founded by Bowen Shen and operates as a generalist investment manager with a present-day focus on Web3 growth and venture opportunities. The firm is based in New York and deploys through a hybrid strategy that combines direct venture-stage commitments with a public digital-asset long book. Its approach draws from Shen's deep relationships across the crypto-native venture landscape. The manager's investment strategy is split between a liquid BTC/ETH long book and a private venture allocation targeting growth-stage Web3 companies. Co-investment records tie Smrti Labs to several high-profile rounds alongside top-tier crypto funds. Notable co-investors include Multicoin Capital and Dragonfly Capital, with confirmed shared positions in projects such as Galxe. The firm focuses its venture activity within the global digital-asset and decentralized infrastructure ecosystem, with a secondary lens on enterprise software and fintech infrastructure. The firm operates with a lean structure, with Shen as the primary investment decision-maker. No additional office locations or team size figures have been publicly disclosed. Smrti Labs has not launched adjacent philanthropic vehicles, separate operating businesses, or formal club structures. Its venture cadence is molded by opportunities sourced through its co-investor network of Web3-native funds. No dated operational event from the last 24 months could be verified from available sources. Smrti Labs' architecture blends what is effectively a proprietary family-capital footing with the co-investment posture of an institutional venture firm. Its structural edge lies in the ability to write concentrated checks alongside two of the most active Web3 ecosystem investors — Multicoin and Dragonfly — without the LP reporting constraints of a traditional fund structure.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Bowen Shen
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Smrti Labs?
Bowen Shen, the founder, is the key professional making investment decisions. The firm's lean structure means Shen is the central figure driving both the venture and public long-book strategies.
How does Smrti Labs source proprietary deal flow?
The firm sources primarily through its co-investor network. Its known relationships with Multicoin Capital and Dragonfly Capital provide access to Web3 venture rounds, as confirmed by co-investments in companies like Galxe.
Is Smrti Labs structured as a single family office or does it operate more like a venture firm?
Smrti Labs is an asset manager with a generalist mandate, but its current posture resembles a hybrid. It makes concentrated venture-stage bets alongside top-tier crypto funds while also running a liquid BTC/ETH strategy, without the reporting constraints of a typical closed-end venture fund.
Does Smrti Labs participate in fund commitments or only direct deals?
The available record shows direct venture-stage co-investments and a direct public digital-asset long book. There is no public indication of allocations to external fund commitments.
Which sectors does Smrti Labs explicitly avoid?
No explicit sector exclusions are publicly stated. The disclosed investment activity concentrates heavily on Web3 and digital assets, with no evidence of non-tech, consumer, or traditional private equity sector involvement.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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