Investor Profile: Fabric Ventures — Thesis, Cheque Size & How to Apply

Fabric Ventures funding is aimed at founders building the open web. The thesis-driven firm — with offices in New York, London, Luxembourg and Dubai — backs companies from inception across robotics, AI, fintech, distributed computing and Web3, describing itself as "venture capital for the machine economy".

Thesis & focus

Fabric invests in the decentralisation of the web towards community ownership: open networks, digital organisations and protocols rather than just companies. The firm offers full-lifecycle support — tokenomics, talent, governance — alongside capital, and positions itself as an active participant in the networks its founders build.

Sectors & stages

The mandate spans Web3 infrastructure, DeFi and open finance, stablecoins, decentralised social, AI and robotics. Fabric backs founders from pre-ideation through growth, writing cheques from $100,000 to $10 million depending on stage.

Fund size & cheque size

In June 2022 Fabric closed a $140 million Venture Fund — twice its original target and more than $30 million above its hard cap — while announcing the first close of a Fabric Growth fund targeting an additional $100 million to double down on breakout portfolio companies at expansion stage.

Notable portfolio

Fabric says it has backed 196 companies. Named investments include Ramp, Sorare, Nansen, 1inch, Argent, Aurora and Polkadot, alongside growth-stage bets on NEAR, Immutable and Yield Guild Games.

Key people

The firm is led by Founding Managing Partner Richard Muirhead, a serial software entrepreneur turned blockchain investor whose team brings four decades of experience starting and scaling companies across the internet, cloud, payments and AI.

Programs, credits & perks

Fabric runs R[3]sidency, its accelerator for deep-tech founders building at the intersection of AI and decentralised infrastructure, backed by Wintermute, Solana and Coinbase. It also convenes the ecosystem through the annual Open Web Forum conference. No separate startup credit packages are publicly advertised.

How to apply for funding

Founders wondering how to get funding from Fabric Ventures can reach the team at [email protected], the contact email listed for the firm, or apply to the R[3]sidency accelerator. While our list of angel investors in india covers domestic early-stage networks, European and global Web3 founders should treat Fabric as a core first call.