Alpha Protocol Ventures

What they do

Alpha Protocol Ventures (APV) is a venture capital firm and incubator founded in 2023 and based in Athens, Greece. The firm launched with a $20 million fund to target the Web3 ecosystem. APV was established by Vagelis Diamantis, the former CFO of Ethernity, and is strongly connected to the Ethernity ecosystem, with Ethernity's CEO Nick Rose serving as an investor and advisor. The firm positions itself as a supporter of "undervalued projects" and aims to empower founders in the blockchain space, with a particular focus on gaming, digital collectibles, and decentralized infrastructure.

What they look for

Alpha Protocol Ventures' stated thesis is "Supporting blockchain adoption, one startup at a time." The firm was established to invest in what it considered undervalued Web3 projects and companies, particularly during the prolonged bear market of 2022-2023. Its priority focus is on Web3 gaming and digital collectibles (NFTs). The thesis also extends to decentralized finance (DeFi), Layer-1 and Layer-2 protocols, and projects aiming to solve real-world problems using blockchain, such as in supply chains and data protection.

Stage

Pre-seed, Seed

Sectors

Fintech, AI, Consumer, Deeptech, SaaS, Marketplace

Based

Athens, GR