ParaFi Capital Venture Fund III

About ParaFi Capital Venture Fund III

ParaFi Capital Venture Fund III is a $125M fund investing in institutional crypto infrastructure, stablecoins, tokenization, and onchain finance. Backed by KKR co-founder Henry Kravis. Based in Greenwich and New York City.

Investment Focus

Location / RegionUnited States

Funding StageSeed

Industry Focus

Fintech

Web3 Finance

Web3 Infrastructure

Investor Signals Profile

active

Sweet Spot

B2B infrastructure founder building for banks, asset managers, or sovereign wealth funds going onchain

stablecoins

tokenization

onchain-infrastructure

institutional-adoption

public-markets-liquid

Bullish Signals

Closed $125M in down market signals conviction-driven, long-duration LP baseblog

Henry Kravis LP participation brings KKR network access for portfolio foundersblog

Consistent multi-fund thesis track record before these were consensus viewsblog

Led Birch Hill pre-seed: institutional onchain creditexternal

$35M strategic into Jupiter — liquid onchain finance betexternal

Hosted institutional dinner: Morgan Stanley, Apollo presentexternal

Active public markets arm — liquid + venture dual strategyexternal

LatAm stablecoin focus; $800B–$1.2T regional inflows citedexternal

Contrarian Signals

Explicitly rejects application-layer and consumer crypto playsblog

Infrastructure timing risk if institutional adoption wave delaysblog

Liquid public markets arm adds mandate complexity vs pure VCexternal

Founder Do's

Pitch infrastructure that tier-one banks or asset managers will need in 3 years

Demonstrate clear institutional adoption pathway, not retail narrative

Show alignment with regulatory compliance requirements

Highlight how your product embeds into TradFi tech stacks

Reference tokenization, settlement, custody, stablecoins, or onchain KYC

Founder Don'ts

Do not pitch consumer-facing crypto apps without institutional pathway

Avoid token launches as core business model

Do not pitch DeFi protocols without clear regulated institutional use case

Key GPs & Partners

Benjamin Forman

Founder / General Partner

thesis-drivenex-founderpatient-capital

Josh Solesbury

Investor

stablecoin-focusedfintech-lenspublic-speaker

Jono BSB

Investor / Analyst

data-drivensignals-authortokenization-focus

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Fund Overview

Fund Size$125M

Saves0

Website

Key People

Ben Forman

Benjamin FormanFounder / General Partner

Josh SolesburyInvestor

Jono BSBInvestor / Analyst