Hivemind Ventures

Hivemind Ventures is an early-stage venture capital firm based in San Francisco, California. The firm was founded by Max Webster, who was previously an investor at Version One Ventures and a founding team member at Bright. Hivemind Ventures positions itself as a first-check partner for software developers, engineers, and founders constructing systems on open, decentralized protocols.

Investment focus and protocol stack

The firm organizes its investment thesis around an open communication and transaction stack. It focuses primarily on three core layers: Bitcoin as a base store of value, the Lightning Network for fast payment settlement, and Nostr for decentralized identity and social data. Investments center on pre-seed and seed rounds, targeting layer-2 and layer-3 applications, infrastructure tooling, and peer-to-peer software ecosystems.

Portfolio companies and activity

Hivemind Ventures has participated in funding rounds for decentralized social networks and digital asset security. Notable investments include the Nostr-focused client and protocol platform Primal, which raised a seed round in July 2023. The firm backed Silhouette Exchange in a June 2025 pre-seed round and led a strategic financing round for blockchain analytics provider AnChain.AI in December 2025. In January 2026, Hivemind participated in the seed financing round for Lexe Corporation.