1confirmation
UnclaimedAt a Glance
- Check Size
- $. – $.
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $135M
- Sectors
- Web3, Fintech
- Founded
- 2017
- HQ
- Incline Village, NV
About 1confirmation
1confirmation is a crypto-native venture firm founded in 2017, established in San Francisco and now filing with the SEC from Incline Village, Nevada. It invests from pre-seed and seed through Series A and later rounds, manages roughly $135 million, and keeps a team of fewer than fifteen people. The thesis is narrow by design: crypto and blockchain infrastructure, favoring protocols and applications with a credible path to mainstream adoption rather than short-cycle token launches. Notable positions include Coinbase, OpenSea, Dune Analytics, Compound and Messari, spanning exchange infrastructure, NFT marketplaces, on-chain data and decentralized lending.
What distinguishes the firm is timing and concentration. Fund I raised $26 million in 2017 with backing that press accounts attribute to Peter Thiel, Marc Andreessen and Mark Cuban, and it took early positions in OpenSea, dYdX, SuperRare, Polkadot and Cosmos before institutional crypto allocation was routine. Later vehicles scaled to a $95 million offering in 2021, a dedicated NFT fund in 2022 that sold $50 million against a $100 million target, and Fund IV, which reported $65.5 million sold by December 2025.
Nick Tomaino, the founder and general partner, is the sole named executive officer on every fund. He works alongside general partner Brett Shear, with Frank Hourigan running operations and Mike Tomaino as partner. Checks are early and concentrated, the firm holds through cycles, and the mandate has stayed on digital assets across all five funds rather than broadening into adjacent sectors.
Investment Thesis
“Invests in crypto and blockchain infrastructure projects with focus on protocols and applications that can achieve mainstream adoption.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
1confirmation has raised five pooled vehicles since 2017, each filed with the SEC as a Regulation D offering. Fund I, organized in Palo Alto, sold its full $26 million on a first sale dated August 21, 2017; press accounts identify Peter Thiel, Marc Andreessen and Mark Cuban among its backers. Fund II followed in 2019 with a $37.5 million offering and Fund III in 2021 with a $95 million offering, by which point the manager had moved its registered address to Incline Village, Nevada. A dedicated vehicle, 1confirmation NFT Fund I, launched in March 2022 against a $100 million target and reported $50 million sold at its initial filing. Fund IV began selling in December 2024 on an indefinite offering and reported $65.5 million sold in an amended filing dated December 9, 2025.
Every fund lists Nicholas Tomaino as its sole named executive officer and is classified as a pooled investment fund. Qualified-purchaser parallel partnerships run alongside Funds II, III and IV.
SEC Fund Filings
- Vehicles filed, last 24 months
- 2
- Latest filing
1confirmation filed a Form D for 2 fund vehicles between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| 1confirmation Fund IV QP, L.P. | SEC Form D, filed |
| 1confirmation Fund IV, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to 1confirmation by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Team (1)
Frequently Asked Questions
What stage does 1confirmation invest at?
1confirmation primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is 1confirmation located?
1confirmation is headquartered in Incline Village, NV. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does 1confirmation focus on?
1confirmation focuses on investments in Web3, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is 1confirmation's typical check size?
1confirmation's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does 1confirmation have under management?
1confirmation manages approximately $135M in assets under management (AUM) across their funds.
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