# DWF Labs: portfolio, investments and team

> DWF Labs is a vc firm. 58 investments on record, 1 in the last 12 months, latest Feb 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/dwf-labs (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# DWF Labs

Last cheque observed Feb 2026; 58 cheques on record.

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Deploying now VC firm

Venture Seed Series A Information And Communications Technology (ict) Web3

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Deploying now

**5%** of best year **1** **cheques in 12 months**, 58 on record

Since the last cheque **272** days **00** hrs **00** min **00** sec

Median round **$6.0M** Rounds led **0 of 58** Sole investor **19 rounds** Mostly in **United States, 31%**

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## DWF Labs highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Venture and Seed: 83% of its rounds
- 03 Sole investor in 19 rounds, median $6.8M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Information And Communications Technology (ict) Web3
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **58 appearances**

- **2026** 1 round
- **Feb** **[Superset](https://millionrounds.com/company/super-set)** Seed · US **$4.0M** With 1 other
- **2025** 14 rounds
- **Oct** **[Block Street](https://millionrounds.com/company/block-street)** Ventureburn **$12M** With 4 others
- **Sept** **[Flying Tulip](https://millionrounds.com/company/flying-tulip)** Seed · Ventureburn **$200M** With 9 others
- **Sept** **[Sonic](https://millionrounds.com/company/sonic)** Seed · US · TechStartups **$3.5M** With 11 others
- **Sept** **[Fetch.AI](https://millionrounds.com/company/fetch-ai)** Venture · GB **$2.0M** With 1 other
- **Sept** **[ForU AI](https://millionrounds.com/company/foru-ai)** Seed · SG **$2.5M** With 1 other
- **Jul** **[Zypher Network](https://millionrounds.com/company/zypher-network)** Venture **$7.0M** With 4 others
- **Jul** **[OlaXBT](https://millionrounds.com/company/olaxbt)** Seed **$3.4M** With 1 other
- **Jul** **[Velvet Capital](https://millionrounds.com/company/velvet-capital)** Series A · US **$3.7M** With 4 others
- **Jul** **[Vaulta](https://millionrounds.com/company/vaulta)** Venture · AU **$6.0M** Sole investor
- **Jun** **[Interactive Strength](https://millionrounds.com/company/interactive-strength)** US **$55M** Sole investor
- **Jun** **[World Liberty Financial](https://millionrounds.com/company/world-liberty-financial)** Venture · US **$100M** Sole investor
- **Jun** **[IOST](https://millionrounds.com/company/iost)** Venture · SG **$21M** With 4 others
- **May** **[aZen Protocol](https://millionrounds.com/company/azen-protocol)** Venture · NZ **$40M** Sole investor
- **Jan** **[TAO Cat](https://millionrounds.com/company/tao-cat)** Token sale · US **$7.2M** Sole investor
- **2024** 19 rounds
- **Dec** **[Yei Finance](https://millionrounds.com/company/yei-finance)** Seed · HK **$2.0M** With 4 others
- **Sept** **[Velo Labs](https://millionrounds.com/company/velo-labs)** Venture · SG **Undisclosed** With 1 other
- **Aug** **[KIP Protocol](https://millionrounds.com/company/kip-protocol)** Venture · HK **$5.0M** With 3 others
- **Aug** **[Quantlytica](https://millionrounds.com/company/quantlytica)** Seed · FI **$1.1M** With 2 others
- **Aug** **[Pichi Finance](https://millionrounds.com/company/pichi-finance)** Seed · HK **$2.5M** With 2 others
- **Aug** **[Fetch.AI](https://millionrounds.com/company/fetch-ai)** Venture · GB **Undisclosed** With 2 others
- **Jun** **[Sidus Heroes](https://millionrounds.com/company/sidus-heroes)** Venture · AU **Undisclosed** With 4 others
- **Jun** **[Yuliverse](https://millionrounds.com/company/yuliverse)** Seed · HK **$4.0M** Sole investor
- **May** **[ARPA Network](https://millionrounds.com/company/arpa-network)** Venture **$6.0M** With 1 other
- **May** **[Parasail](https://millionrounds.com/company/parasail)** Seed · US **$4.0M** With 3 others
- **May** **[NuLink](https://millionrounds.com/company/nulink)** Series B · SE **$1.6M** With 2 others
- **Apr** **[Shiba Inu Coin](https://millionrounds.com/company/shiba-inu-coin)** Venture · US **$12M** With 3 others
- **Mar** **[peaq](https://millionrounds.com/company/peaq)** DE · Firms' own news pages **$15M** With 17 others
- **Mar** **[Alex](https://millionrounds.com/company/alex)** Series A · US **$10M** With 2 others
- **Mar** **[Obscuro Labs](https://millionrounds.com/company/obscuro-labs)** Seed · GB **$9.0M** With 2 others
- **Mar** **[TEN (Obscuro Labs)](https://millionrounds.com/company/ten-obscuro-labs)** Seed **$9.0M** With 2 others
- **Mar** **[Tonstarter](https://millionrounds.com/company/tonstarter)** Venture **Undisclosed** Sole investor
- **Feb** **[Beoble](https://millionrounds.com/company/beoble)** Seed · SG **$7.0M** With 5 others
- **Feb** **[MXC](https://millionrounds.com/company/mxc)** Venture · DE **$10M** Sole investor
- **2023** 12 rounds
- **Dec** **[CESS](https://millionrounds.com/company/cess)** Series A · GB **$8.0M** With 2 others
- **Dec** **[FLOKI](https://millionrounds.com/company/floki)** Token sale · US **$1.3M** Sole investor
- **Dec** **[Cumulus Encrypted Storage System (CESS)](https://millionrounds.com/company/cumulus-encrypted-storage-system-cess)** Series A · GB **$8.0M** With 2 others
- **Oct** **[Beldex](https://millionrounds.com/company/beldex)** Venture **$3.0M** Sole investor
- **Sept** **[Conflux Network](https://millionrounds.com/company/conflux-network)** Venture · SG **Undisclosed** Sole investor
- **Jul** **[PUML Better Health](https://millionrounds.com/company/puml-better-health)** Venture · AU **Undisclosed** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Venture Seed Series A

Median round joined **$6.0M** the round, not its cheque Alone, median **$6.8M**

Led 0 of 58 rounds **0%**

- **Sole investor:** 19 rounds
- **Last cheque:** Feb 2026

Rounds by stage said on their site

- Venture *23*
- Seed *22*
- Series A *6*
- Token sale *2*
- Pre-seed *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Blockchain Founders Fund](https://millionrounds.com/fund/blockchain-founders-fund) 4
- [Founders Fund](https://millionrounds.com/fund/founders-fund) 4
- [KuCoin Labs](https://millionrounds.com/fund/kucoin-labs) 4
- [MH Ventures](https://millionrounds.com/fund/mh-ventures) 4
- [Animoca Brands](https://millionrounds.com/fund/animoca-brands) 3
- [Cogitent Ventures](https://millionrounds.com/fund/cogitent-ventures) 3

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## Who they invest alongside

The investors most often in the same rounds as DWF Labs. A count of rooms they were both in, not a relationship either has claimed.

[**Blockchain Founders Fund** VC firm **4** rounds together](https://millionrounds.com/fund/blockchain-founders-fund)[**Founders Fund** VC firm **4** rounds together](https://millionrounds.com/fund/founders-fund)[**KuCoin Labs** Corporate VC **4** rounds together](https://millionrounds.com/fund/kucoin-labs)[**MH Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/mh-ventures)[**Animoca Brands** Accelerator **3** rounds together](https://millionrounds.com/fund/animoca-brands)[**Cogitent Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/cogitent-ventures)[**Huobi Capital** Corporate VC **3** rounds together](https://millionrounds.com/fund/huobi-capital)[**IVC** VC firm **3** rounds together](https://millionrounds.com/fund/ivc)[**LD Capital** VC firm **3** rounds together](https://millionrounds.com/fund/xie)[**Outlier Ventures** Accelerator **3** rounds together](https://millionrounds.com/fund/outlier-ventures)[**Polygon** Hedge fund **3** rounds together](https://millionrounds.com/fund/polygon)[**UOB Venture** VC firm **3** rounds together](https://millionrounds.com/fund/uob-venture)

## Recently backed

The latest companies DWF Labs put money into.

[**Superset** $4.0M · Feb 2026](https://millionrounds.com/company/super-set)[**Block Street** $12M · Oct 2025](https://millionrounds.com/company/block-street)[**Flying Tulip** $200M · Sept 2025](https://millionrounds.com/company/flying-tulip)[**Sonic** $3.5M · Sept 2025](https://millionrounds.com/company/sonic)[**Fetch.AI** $2.0M · Sept 2025](https://millionrounds.com/company/fetch-ai)[**ForU AI** $2.5M · Sept 2025](https://millionrounds.com/company/foru-ai)

## Quick answers about DWF Labs

### What does DWF Labs invest in?

DWF Labs invests most often at Venture and Seed (83% of the rounds on record), in sectors such as Information And Communications Technology (ict) and Web3.

### How active is DWF Labs?

58 investments on record, 1 of them in the last 12 months. The most recent was in Feb 2026.

### What has DWF Labs invested in recently?

Its most recent investments on record: Superset (Seed, Feb 2026), Block Street (Undisclosed round, Oct 2025) and Flying Tulip (Seed, Sept 2025).

### How big are DWF Labs's cheques?

The median round it joins is $6.0M.

### Does DWF Labs lead rounds?

Rarely, if at all: none of its 58 investments on record names it as the lead.

### Where does DWF Labs invest?

Most of the companies it backs are in the United States (31%), the United Kingdom (16%) and Singapore (16%).

### Is DWF Labs investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does DWF Labs invest alongside?

Most often Blockchain Founders Fund (4 rounds together), Founders Fund (4 rounds together) and KuCoin Labs (4 rounds together).

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