Overview

What they do
Founded in 2024 by Jason Ma, Athabasca Capital operates as an early-stage investment vehicle focused entirely on the Web3 ecosystem. The firm positions itself as a trusted partner in "Blockchain & Asset Transition," leveraging its founder's deep operational experience at major crypto infrastructure companies like Axelar and Ripple. It operates primarily as a strategic co-investor, participating in seed rounds alongside top-tier crypto venture funds to support decentralized finance (DeFi), NFT infrastructure, and gaming protocols.
athabascacapital.com
What they look for
Athabasca Capital describes itself as a "thesis-driven investment business dedicated to assisting exceptional Web3 firms" and acts as a "trusted partner in Blockchain & Asset Transition." The firm targets early-stage Web3 founders building cross-chain infrastructure, decentralized finance (DeFi) protocols, crypto gaming analytics, and asset-backed leverage platforms.
athabascacapital.com
Stage
Pre-seed, Seed, Series A
athabascacapital.com
Sectors
Fintech, Deeptech
athabascacapital.com
Based
London, GB
athabascacapital.com

Sources

2026-09-05athabascacapital.comYour trusted partner in Blockchain & Asset Transition.
2026-09-05crypto-fundraising.infoSquid. QUID. Seed. Jan 2023. Raised. $3.50M. Base Ecosystem DApp DeFi DEX Interoperability…

Portfolio, cheque size and the rest

The 3 companies they have backed that we can see, the cheque they write, and whether they are deploying right now.

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