Pragma Ventures

Pragma Ventures is a venture fund for Web3 projects that draws on the research careers of its own team. It has offices in Portugal and South Korea, and most of the team is based in Seoul. The fund backs early-stage crypto teams that want to build useful blockchain products with real-world reach.

What Pragma Ventures does

• Venture investment: backing for young Web3 companies, from core infrastructure through to applications.
• Technical support: advice from a team that includes three PhDs in distributed systems, one of whom is a professor of AI systems at a South Korean university.
• Research: the group publishes papers and works with research institutions. It reports having found and disclosed two serious consensus bugs in Ethereum.
• Node infrastructure: a team member runs Nodeinfra, a blockchain node service.

Who it works with

The fund looks for teams working on consensus mechanisms, decentralised finance, data indexing and AI-related distributed systems.

Key facts

• Based in: Portugal and South Korea, with most staff in Seoul.
• Focus: Web3, distributed systems and AI.
• Team background: experience at Microsoft Research, Arm Research, Covalent and Bluzelle.