Blockchain Founders Fund is an early-stage venture capital firm based in Singapore. Founded in 2018, the firm concentrates on pre-seed and seed investments in decentralized software, digital assets, and Web3 infrastructure. Leadership includes Managing Partner Aly Madhavji, Partner Mansoor Madhavji, General Counsel Nirav Bakshi, Investment Team Lead Ahan Rajgor, and Operations Lead Hossam Hamdy.
The firm invests globally through vehicles including BFF II, a $75 million early-stage fund backed by institutional and Web3 participants. Alongside capital deployment, the firm runs a venture program that provides operational guidance and technical assistance to founders building early applications and protocols. By mid-2026, the firm had backed more than 150 early-stage companies.
Blockchain Founders Fund has supported a variety of blockchain infrastructure and application layers. Notable deals include participation in the $1.7 million pre-seed round for verifiable orchestration layer KRNL Labs in October 2024, as well as an early investment in derivatives exchange Flipster. In July 2025, the fund joined the $6.5 million Series A round for Web3 domain provider Freename and backed Velvet Capital and BridgePort. Later investments include a $3 million strategic round for DeepNode AI in December 2025 and a $5.2 million infrastructure round for Uniblock in March 2026 alongside corporate and Web3 funds.
Crypto derivatives exchange offering perpetual swaps up to 100x leverage and passive USDT yield
Verifiable orchestration layer executing off-chain workflows with cryptographic proofs, backed by $1.7M
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