Fabric Ventures

avoid.net/fabric-ventures→78/100·62% conf.

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78/100

[VERIFIED]62% conf.[Provisional]

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Summary

Fabric Ventures is a London-headquartered venture capital firm investing in crypto, web3, and decentralized-network startups, with roots in Firestartr, a seed fund co-founded by Richard Muirhead, Anil Hansjee and Alain Falys in 2012. Operating under the Fabric brand since 2016, the firm has raised at least $245 million across two 2022-vintage funds plus a subsequent Growth Fund, backing well-known names including Polkadot, NEAR, 1inch, Ledger, Coinbase, Sorare, Immutable and Sky Mavis. No allegations of wrongdoing, regulatory action, or litigation against the firm itself were found; the most notable diligence-relevant fact is that portfolio company Sky Mavis (maker of Axie Infinity) suffered the $625 million Ronin Bridge hack in 2022, and several senior figures now carry "Emeritus" titles or have left the visible team page, a pattern this report documents without asserting a cause.

Connected Entities

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Timeline(8 events)

2012

Richard Muirhead, Anil Hansjee and Alain Falys co-found Firestartr, a seed-stage investment vehicle that is the direct predecessor of Fabric Ventures.

Team Spotlight: Anil Hansjee — Fabric Ventures

2016

The Fabric brand launches, with the team beginning to pivot the vehicle's investment thesis toward digital assets and blockchain networks; Alain Falys is described as joining "at inception" in 2016.

Fabric Ventures — About page

28 November 2017

Fabric Ventures LLP is incorporated in the UK (company number OC420092).

Companies House

July 2021

Fabric Ventures announces a $130 million fund for digital assets and decentralization investing, backed by the European Investment Fund, Atomico, Galaxy Digital and Digital Currency Group, among others.

Crowdfund Insider

March 2022

Sky Mavis's Ronin Bridge, underlying Axie Infinity, is compromised; attackers drain roughly $625 million in ETH and USDC over a six-day undetected window. Sky Mavis is a Fabric Ventures portfolio company via its Series B round.

CoinDesk

April 2022

Reporting indicates Fabric Ventures is nearing completion of two Web3 funds totaling roughly $245 million.

CoinDesk

June 2022

Fabric Ventures announces the final close of a $140 million Venture Fund and the first close of a new $100 million-target Growth Fund.

Financial IT

28 June 2022

Sky Mavis begins reimbursing victims of the Ronin Bridge hack.

CoinDesk

Provenance & Audit Trail

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