Dispersion Capital, an early-stage venture firm, announced recently a $40 million fund to back foundational web3 infrastructure. So far, Dispersion Capital invested in 20 companies with a majority receiving follow-on financing since Dispersion’s investment.
Patrick Chang (Dispersion Capital’s founder and managing partner) is a seasoned VC with established web3 credentials. Chang previously led Samsung Next’s blockchain investments, evolving its web2 focus with defining investments into powerhouse web3 startups, including Dapper, Flow, and Alchemy.
Dispersion Capital’s fund has garnered support from web2 and web3 pioneers like Faction, Lightspeed, Wemade, Circle Ventures, Ripple, Alchemy Ventures, Hashkey, Cherubic Ventures, Forte, NGC, and individual GPs at top venture firms and infrastructure executives.
KEY QUOTES:
“Since 2021, thousands of talented developers have emerged in the web3 space, poised to build next-gen applications. However, their potential is limited by the immaturity of the infrastructure. Dispersion Capital aims to support the creation of robust and developed infrastructure beyond protocols and networks. This involves platforms and tools empowering developers to create groundbreaking applications, harnessing the true power of blockchain. Just as ChatGPT captured the imagination of AI, we aim to bring that transformative moment to blockchain.”
— Patrick Chang, Dispersion Capital’s founder
“Patrick was an instrumental force in establishing Next’s presence as an investor in web3 and blockchain, leading our investments in Dapper Labs, Flow, Alchemy, and Forte, among others. His tenacity and conviction in the space guided us to make non-obvious choices as early-stage investors that continue to bolster our reputation in the market. After nearly a decade of working closely with Patrick and witnessing firsthand the passion and impact he brings to every project, we know he has a unique ability to spot the best and most ambitious founders before others and is well-positioned to scale the next generation of web3 infrastructure.”
— Brendon Kim, MD and Head of Investments at Samsung Next
