Maven 11 Capital is an Amsterdam-based venture fund focused exclusively on crypto and blockchain. The firm was founded in 2018 by Balder Bomans and Marcel Herber, who previously worked in traditional finance and technology before pivoting to digital assets. Maven 11 operates across early-stage equity, token investments, and liquid strategies, making it one of the more structurally diversified crypto funds headquartered in continental Europe.
The firm manages capital across multiple vehicles. Exact AUM figures are not publicly disclosed, though the fund has raised successive vehicles since inception and describes itself as a multi-strategy manager. Maven 11 is registered and regulated in the Netherlands, giving it a compliant base for institutional LP relationships within the EU. Its geographic focus is global, with a particular pull toward European founders and projects with clear regulatory paths under MiCA.
The firm invests across infrastructure, DeFi, and Web3 application layers. It takes active positions in governance and protocol development, not just passive cap table slots. With 17 lead investments out of a disclosed 28-project portfolio, Maven 11 leads a clear majority of its deals rather than following other funds in.
Notable investments
- Synthetix – one of the earlier DeFi infrastructure bets; Synthetix became a foundational derivatives protocol on Ethereum
- Acala Network – Polkadot-native DeFi hub and stablecoin layer
- Biconomy – account abstraction and relayer infrastructure for improving UX across dApps
- Morpho – peer-to-peer lending optimization layer built on top of Aave and Compound
- Socket (formerly Movr) – cross-chain liquidity and bridging aggregation
Note: full portfolio details are not comprehensively disclosed publicly. The above reflects projects confirmed in open sources as of early 2025.
Team
Balder Bomans is the managing partner and primary public face of the fund. He has been active in the European blockchain conference circuit and regularly publishes research on market structure and protocol design. Marcel Herber co-founded the firm and focuses on portfolio operations and fund management. Public information about additional investment team members and analysts beyond the founding partners is limited.
Recent activity
Through 2024 and into 2025, Maven 11 maintained a steady deployment pace despite the broader venture slowdown. The fund has shown interest in Bitcoin-adjacent infrastructure and restaking primitives, consistent with where institutional attention shifted after the ETF approval cycle. Maven 11 also participated in several rounds in the account abstraction and intent-based trading space, reflecting a thesis around improving on-chain UX for mainstream users.
With a retail ROI of 0.55 across its disclosed token portfolio – below breakeven for many participants – Maven 11's liquid book has faced the same headwinds as most 2021–2022 vintage token funds. The firm's long-term positioning in infrastructure rather than speculative L1 chains may improve its standing as the market cycle matures. Its EU regulatory footing and institutional LP base give it structural advantages as European compliance frameworks solidify under MiCA. More detail on fund performance and specific return data is not publicly available. See the firm's own communications at maven11.com and its Crunchbase profile for the most current disclosed portfolio.
