MH Ventures is a London-based venture capital firm founded in 2021 that specializes in early-stage Web3 and blockchain investments. The fund operates as a leading crypto venture with deep connections in DeFi and Web3, based in Europe and Asia . While the firm has invested in 148 companies as of March 2026, with 5 new investments in the last 12 months , total assets under management have not been publicly disclosed. The firm has maintained a steady retail ROI of 0.98 despite challenging market conditions.
MH Ventures offers funding and strategic support to startups, focusing on Web3, decentralized finance (DeFi), financial technology, and game finance sectors, providing additional services such as security audits and marketing . The firm operates as a full-service ecosystem rather than a check-writing investor. MH currently invests in innovative solutions at Angel, Pre-Seed, Seed, and Venture/Private Round stages , with an average seed round size of $5.19M across its portfolio.
Notable Investments
MH Ventures has 2 unicorns in its portfolio – Polyhedra Network and 5ire . Among the notable investments are Aura Network, unshETH, Zone, Elixir Finance, Blockus, Eclipse, Taiko, Fyde, Davos, Overlay, Sei Network, Threely, Lend, Onomy, Conveyor Labs, Shardeum, and Dexilon . The firm primarily invests in Seed round in United States based startups , though it has made 14 investments in Singapore as well.
Their latest investment was in Interstate as part of their Seed VC on March 05, 2026 . MH Ventures has 3 portfolio exits, with the latest being Credora on September 04, 2025 . The portfolio spans infrastructure projects, DeFi protocols, and blockchain gaming applications.
Team
The firm was founded by Garen Vangelis (Co-Founder and General Partner) and Javid James (Co-founder & General Partner) . MH Ventures has team of 7 people including 4 partners . Public information about the founders' prior backgrounds and professional experience is limited. According to Lincoln_MHV, Co-Founder & GP at MH Ventures , the team focuses on identifying breakthrough projects at the intersection of blockchain and emerging technologies. The firm is headquartered globally and employs 11-50 people across its operations.
Recent Activity
In July 2025, MH Ventures announced that Pharos secured $8M in Seed Funding to accelerate development of its ultra-fast full stack parallel Layer 1 blockchain . The firm has published research reports on emerging sectors, including DePIN infrastructure in December 2025, prediction markets in November 2025, and crypto x energy research . These content initiatives signal the fund's interest in decentralized physical infrastructure networks and prediction market protocols.
Beyond capital deployment, MH Ventures is actively developing its Deal Flow podcast, which covers industry news and features interviews with team members of blockchain projects, from CEOs to developers . CB Insights Intelligence Analysts mentioned MH Ventures in 1 research brief on May 6, 2025, highlighting the top 50 venture investors in the UK .
MH Ventures operates in a crowded market with over 1,600 co-investors across its portfolio companies. The firm's modest retail ROI of 0.98 reflects the broader 2022-2023 crypto bear market impact. However, securing two unicorn investments in Polyhedra Network and 5ire demonstrates selective deal access. Geographic focus remains concentrated in the United States and Singapore, with strong ties to European and Asian blockchain ecosystems. As the fund approaches its fifth year, exits and fund returns will determine its ability to raise subsequent vehicles. For more information, visit MH Ventures, Crunchbase, or PitchBook.
