SABANA
Sabana Capital · Digital Asset Investment

Crypto Investment Fund

We back the best researchers
and builders who will push the
entire crypto ecosystem forward.

Sabana Capital is a leading crypto investment fund — investing across stages, from seed to Series B and beyond. Our checks go from $2M to $25M+, and we invest globally.

13+
Portfolio
3
Strategies
6
Team
01
About

Crypto-native
from day one.

Ethos
"We are a team of deeply technical crypto-natives. We invest across stages globally, and we stay close to our founders long after the check clears."
$2M–25M+
Check size
Global
Reach
Seed–B
Stages
3
Fund strategies

Sabana Capital brings access and influence to crypto teams with global aspirations — founders building the next generation of open financial infrastructure, decentralized protocols, and consumer applications.

We are operators-turned-investors. Our edge is technical depth combined with a founder-first approach: we've shipped protocols, not just funded them. That means we can spot the right teams earlier and support them more effectively.

We back teams tackling big, wicked problems and pushing the boundaries of what's possible. Working on something weird? We love the weird stuff.

02
Investment Types

Three strategies,
full spectrum.

From equity stakes in the companies building tomorrow's infrastructure, to early access in transformative protocols, to active positions in the most liquid digital assets — we deploy capital at every stage of the crypto value chain.

Each strategy is distinct, but they share a common thread: deep conviction backed by technical understanding of the protocols and teams we back.

I
Venture Equity

Exposure to equity in companies building products and services in the nascent blockchain ecosystem. Our long standing reputation and technical edge allows us to see virtually every deal in the market, and lead about half of our portfolio company investments.

Early-stage equity →
II
Early-Stage Tokens

Exposure to new, efficient, and scalable protocols. Similar to venture capital equity, but investing in tokens (not companies) during the private stage at a discount to the listing price.

Pre-listing tokens →
III
Liquid Tokens

Exposure to the largest and most liquid digital assets. We use our deep market and technical expertise to trade tokens while exploiting market inefficiencies.

Active markets →
03
Team

The people
behind the fund.

Ricardo
Managing Partner
Ricardo co-founded Sabana Capital after spending years at the intersection of protocol research and early-stage investing. He has backed over a dozen projects across DeFi, infrastructure, and consumer crypto.
Onur
Managing Partner
Onur leads deal flow and portfolio strategy at Sabana Capital. With a background in quantitative trading and token market structure, he brings a rare blend of research depth and market intuition.
Josh
General Partner
Josh focuses on infrastructure and Layer-1 investments. Previously a core contributor to two top-20 protocols, he brings deep technical expertise to every diligence process.
Jaimy
General Partner
Jaimy leads DeFi and token strategy at Sabana Capital. She has 8 years of experience in structured finance and crypto market-making, and was an early builder on two leading DEX protocols.
James
Partner, Liquid
James manages the liquid token book and heads quantitative research, developing proprietary models for on-chain market intelligence.
Ariana
Head of Operations
Ariana oversees operations, legal, and compliance. She built the fund's operational infrastructure from the ground up, scaling it across three jurisdictions.
Kai
Head of Research
Kai leads protocol research and due diligence. His academic background in distributed systems and cryptography informs Sabana's technical investment thesis.
Nina
CFO
Nina manages fund finance, LP reporting, and tax strategy. She previously served as CFO at a multi-strategy crypto hedge fund managing $800M+ AUM.
Sophie
Advisor
Sophie focuses on accelerating consumer adoption of Web3 through investments in stablecoin infrastructure, payment systems, AI applications, and social media platforms.
04
Portfolio

From protocols
to markets.

From infrastructure to exchanges to apps and beyond, we back teams building generational companies and products in crypto across sectors and stages.

Tenet
"We support teams tackling big, wicked problems and pushing the boundaries of the industry. Working on something weird? We love the weird stuff."
<
A
Aptos Labs
Early Token · L1
Aster
Venture · DeFi
C
Celestia · TIA
Early Token · DA Layer
Curve · CRV
Liquid · DeFi
E
Ethena
Liquid· DeFi
H
Hype
Early Token · Perps
L
LayerZero · ZRO
Early Token · Interop
Lido · LDO
Liquid · Staking
M
Mysten Labs · Sui
Venture · L1
O
Ondo Finance
Early Token · RWA
P
Pyth Network
Early Token · Oracle
T
TON
Early Token · L1
05
Contact

Building
something
audacious?

Sabana Capital is always looking for the most ambitious teams in crypto. Send us a brief note about what you're building and why it matters. We read every message.