Two Hop Ventures

Two Hop Ventures

Two Hop Ventures was established in Amsterdam in 2019 as a thesis-driven venture fund concentrating on the Bitcoin SV (BSV) blockchain ecosystem. The firm's founding thesis was that BSV's unbounded block-size scaling model would capture enterprise and government infrastructure demand that other chains could not technically support. This placed Two Hop at the ideological center of the BSV community alongside entities like nChain and the Bitcoin Association, making it one of a very small number of dedicated BSV allocators globally. The fund's strategy centers on seed and Series A equity investments in startups building protocol-layer infrastructure, payment systems, and data integrity applications on BSV. Two Hop anchors its deployment pipeline in the BSV developer conferences and nChain's patent portfolio. Known portfolio companies include payments processor Centbee and blockchain indexing platform Bitping. Geographic coverage extends from the Netherlands to the UK, South Africa, and Australia, tracking BSV's developer-community hubs rather than traditional tech corridors. Publicly available data on the firm's team size and fund size remain limited; the firm has not published deployment numbers or closed a subsequent fund. Jan Smit is the named managing partner. Two Hop does not operate adjacent philanthropic vehicles or disclosed club-membership networks. In October 2020, the firm led a funding round for VX Technologies, a data-assurance startup built on BSV that partnered with the South African National Blood Service, demonstrating the fund's thesis in a regulated institutional setting. Two Hop's structural differentiator is not hybrid capital or a multi-family pool but a pure-play protocol bet on a single layer-1 chain that the broader market had largely written off. This narrow mandate gives the firm asymmetric access to BSV founders but creates extreme concentration risk. The architecture functions closer to an ecosystem-development fund than a diversified early-stage vehicle, with deal flow almost entirely gated by technical alignment with BSV's roadmap.