Asymmetric
UnclaimedAt a Glance
- Check Size
- $10K – $1M
- Stage
- Pre-Seed, Seed, Series A, Series B+
- Sectors
- Web3, Fintech
- HQ
- Austin, TX
About Asymmetric
Asymmetric is a digital-assets investment firm based in Austin, Texas, founded in 2018 and built around Joe McCann, its founder, chief executive and chief investment officer. It invests from pre-seed and seed through Series A and later rounds, targeting blockchain protocols and decentralized finance, and runs two venture vehicles alongside opportunistic special situations.
VC Fund I is early stage and blockchain-agnostic, covering DeFi, consumer and mobile crypto applications. Bitcoin DeFi Venture Fund I is a vertical strategy aimed at Bitcoin layer 2s, metaprotocols, staking and Bitcoin-native applications, a mandate few generalist crypto funds carve out as a dedicated fund. SEC filings show Asymmetric Ventures Fund I raised $16.1 million with a first sale in May 2023, and the Bitcoin DeFi fund raised $16.9 million with a first sale in March 2024. Both are Cayman-domiciled partnerships with McCann as an executive officer.
The firm reports more than 40 portfolio investments, among them Jito Labs, Sei, Cube, Turnkey, Jambo, NEAR Protocol, Hyperlane and Dialect, a book weighted toward Solana and Bitcoin infrastructure rather than Ethereum application layers. It also runs special-situations vehicles, including an SPV that bought private Circle shares ahead of the company's June 2025 New York Stock Exchange listing, a structure that gives limited partners pre-IPO access they would not otherwise get from a venture fund. Press accounts describe Asymmetric's own backers as including Marc Andreessen, Chris Dixon and Circle, plus operators from Solana, Multicoin and CoinFund. Beyond McCann the team is compact: general partner Lukasz Wicher, portfolio manager Jesse McCann and chief of staff Emma O'Halloran.
Investment Thesis
“Crypto-focused investment firm targeting blockchain and decentralized finance projects.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Asymmetric's disclosed fund history runs through two Cayman Islands partnerships. Asymmetric Ventures Fund I, LP was organized in 2023 and raised $16,055,104 on a first sale dated May 1, 2023. Asymmetric Bitcoin DeFi Venture Fund I, LP was organized in 2024 and raised $16,849,903 on a first sale dated March 1, 2024. Both filed Form D with the SEC on August 31, 2026, each reporting its full offering amount as sold and naming Joseph McCann and Heather Hilgers as executive officers.
The firm supplements those commingled funds with single-asset vehicles, including Asymmetric Circle SPV LLC, which gave investors private Circle stock ahead of the issuer's June 2025 New York Stock Exchange listing, and an Asymmetric ASV entity registered in New York. Press accounts describe the firm's own backers as including Marc Andreessen, Chris Dixon and Circle, alongside operators from Solana, Multicoin and CoinFund, and report that McCann has targeted a far larger raise. No assets-under-management figure is public.
SEC Fund Filings
- Vehicles filed, last 24 months
- 2
- Latest filing
Asymmetric filed a Form D for 2 fund vehicles between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| Asymmetric Bitcoin DeFi Venture Fund I, LP | SEC Form D, filed |
| Asymmetric Ventures Fund I, LP | 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 Asymmetric 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)
View Full Team →
Related Articles (5)
Frequently Asked Questions
What stage does Asymmetric invest at?
Asymmetric 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 Asymmetric located?
Asymmetric is headquartered in Austin, TX. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Asymmetric focus on?
Asymmetric focuses on investments in Web3, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is Asymmetric's typical check size?
Asymmetric's typical investment check size ranges from $10K to $1M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Similar Firms
Fund Operations Resources
Running a fund like Asymmetric? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
Related tools and reading
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.