Avon Ventures

What they do

Avon Ventures is the crypto-native venture capital arm affiliated with FMR LLC, the parent company of Fidelity Investments. Backed by Devonshire Investors and founded by Sachin Patodia, the firm focuses on early-to-late-stage investments in blockchain technology, digital assets, and Web3 infrastructure. It leverages Fidelity's deep institutional expertise and network to support founders building the next generation of financial technology. The Avon Ventures investment team has become highly integrated with F-Prime Capital, though investments continue to be occasionally branded under the Avon Ventures name.

What they look for

Avon Ventures invests thematically in the foundations of the cryptoasset and blockchain ecosystems. Their goal is to fund technologies that will define the next decade of innovation and accelerate the growth and adoption of bitcoin, crypto assets, and blockchain technology. They take a fundamentals-based, founder-focused investment lens, actively seeking out "picks and shovels" infrastructure such as exchanges, prime brokers, market makers, DeFi platforms, data & analytics providers, enterprise staking solutions, and security & compliance tools.

Stage

Pre-seed, Series A, Series B+

Sectors

Fintech, Cybersecurity, SaaS

Based

Boston, US