VanEck Ventures

We back founders building money machines for internet finance.

About

Allow us to introduce ourselves.

VanEck Ventures is a venture capital firm investing in the next generation of markets and financial services. Our first fund is a $40 million pre-seed / seed fund, built alongside VanEck, a $200+ billion AUM asset management firm.

We write checks up to $2M, partnering with early-stage founders using blockchain and AI to redefine how value is created, exchanged, and stored.

Vintage portable financial terminal displaying an economic graph
Thesis

A new era in money.

Every industrial revolution re-architects our financial system. Most financial activity still runs on pre-internet infrastructure. Stablecoins are the “WhatsApp moment” of fintech — the first truly global, internet-native rails for capital.

A grid of historical gold coins
$230B
B2B stablecoin transfer volumes, +733% in 2025
$150T
Annualized volumes for global B2B payments
$325B
Tokenized-asset market cap
0.1%
of M2 capital currently productive onchain
>3M
Stablecoin daily active users
~1.3B
Unbanked people globally
Portfolio Thesis

Putting money where our thesis is.

01

Tokenized Assets

Companies enabling the creation of new assets and markets that were previously illiquid or hard to access.

Dinari · Manifest · DAWN · Legion · Yield · Concrete
02

Stablecoin Payments

Companies taking a meaningful share of the $150T of annual B2B payment flows as stablecoins become the new global rail.

ZAR · Ubyx · Inversion · Stealth
03

Infrastructure

Developer building blocks across fintech and AI at scale — data, compute, identity, and privacy.

Fiscal AI · Odyn · Primus · Crunch
Track Record

Flames from funds past.

At Circle, we invested in over 80 companies together — many now leaders of the stablecoin revolution — and took positions in 10+ venture funds including Dragonfly, Multicoin, and Not Boring.

DolarApp
Series A · later raised B & C from Sequoia and Founders Fund
Rain
Seed · raised $295M Series C from ICONIQ
LayerZero
Series A · raised from Citadel, Ark, and DTCC
Architect
Pre-seed · raised $35M Series B from Tioga and MIAX
Catena
Seed · raised $18M Series A from a16z Crypto
Superstate
Series A · raised $82M Series B from Bain Capital Crypto
Li.Fi
Seed · raised Series B from Multicoin
Blackbird
Pre-seed · raised $50M Series B from Spark Capital
Portfolio Spotlight

Exchange stablecoins for cash to spend and earn, globally.

We co-led ZAR’s Seed round with Dragonfly, ahead of their $12.9M Series A led by a16z Crypto — the cash-in / cash-out layer for stablecoins in emerging markets.

ZAR stablecoin Visa card on an iPhone
$40M
Fund size
17
Portfolio companies
43%
Deployed
4
Markups
Fiscal.ai
Proprietary data network for agentic finance
Ubyx
Stablecoin clearing house
Inversion
Private equity, onchain
Yield.xyz
Universal API for yield
DAWN
Finance & own internet infrastructure
Dinari
Tokenized securities network
Team

The fund is managed by Wyatt Lonergan and Juan Lopez, who previously launched and managed Circle Ventures — the corporate venture arm of USDC issuer Circle. They have invested in many of the leading companies across the stablecoin revolution. Jan van Eck, CEO of VanEck, is co-GP and anchor LP, seeding the fund with $10M.

Wyatt Lonergan
Wyatt LonerganGeneral Partner
Juan Lopez
Juan LopezGeneral Partner
Get in touch

Building a money machine?

ventures@vaneck.com