Investor Type | Firm |
Industries | Blockchain (& Cryptos) • Cloud Services (& Infrastructure) |
Stages | Seed, Series A |
Investing | United States • United Kingdom |
Investment Range | $100,000 - $5,000,000 |
Investment Sweet Spot | $1,500,000 |
Rockaway Blockchain Fund, recently rebranded as RockawayX, is a global venture capital firm that specializes in the Web3 space, focusing particularly on the Blockchain and Cryptocurrency industries as well as Cloud Services and Infrastructure. They are based in Dubai, London, and Prague and emphasize long-term value creation through their investments. As a firm, they provide wide-ranging support including engineering, liquidity, and community aid to their portfolio companies. RockawayX has a strong belief in the power of decentralization, which is a cornerstone of their investment philosophy. They primarily engage in funding stages such as Seed and Series A rounds, with a typical investment sweet spot of around $1,500,000, a minimum investment of $100,000, and a maximum threshold of $5,000,000 per deal. With assets under management totaling $2 billion across their asset management and engineering divisions, RockawayX is assertive in the Web3 domain. They're also recognized for their staking division, which was ranked as the #1 validator on Ethereum by Rated Network. Their investment portfolio is extensive, including more than 30 funds and 50 projects that are at the forefront of the decentralized global economy. RockawayX's anchor investor, Rockaway Capital, boasted over $2.5 billion in aggregate sales within its portfolio in 2019. The firm comprises a dedicated crypto-native team of over 30 experts in investments, liquidity, and engineering. Moreover, they take an active role in nurturing and connecting more than 1,000 industry talents, particularly developers, across their portfolio projects, ensuring high standards for the products developed. This includes orchestrating events like Solana Hacker Houses and the largest in-person developer conference and hackathon for the Cosmos ecosystem. RockawayX also communicates ongoing transformative initiatives, as evidenced by their notice on the division of Blockad s.r.o., reflecting their dynamic approach to business restructuring and adaptation within the rapidly evolving Web3 landscape.