Ivailo Jordanov

Founder, Paper Ventures
Operator-turned-crypto investor Ivailo Jordanov, founder of 23 Snaps who helped start The Funded, makes early conviction bets in complex crypto and supports founders via the operator-led Daedalus Collective.
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No
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Geos their fund invests in
India
Ivailo Jordanov
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Sectors their fund invests in
Web3 / Crypto
AI
Gaming / VR
Fintech
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No
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About Ivailo Jordanov

Before becoming a crypto investor, Ivailo Jordanov spent years as a product builder and operator, founding 23 Snaps and working in senior roles at companies like Styloko and Reed Business Information, and he later helped start The Funded, a series that teaches founders practical fundraising skills like how much money to raise and which investors to approach. He's known for backing teams early based on conviction in their mission even before their business model is fully clear, investing across varied and technically complex areas like decentralized AI compute, on-chain interest rate products, and stablecoin infrastructure, while also supporting founders through Daedalus Collective, an operator-led group that has backed over 90 companies.

About their Fund

Paper Ventures

Sectors
Web3 / Crypto, AI, Gaming / VR, Fintech
Rounds
Pre-Seed - Seed
Avg Check Size

Paper Ventures is led by three founders with unusually different backgrounds—professional poker, traditional finance and crypto exchange building, and early-stage tech investing—who have backed Web3 projects since as early as 2010 and deliberately capped their fund at $25 million so they can focus on very early, pre-seed and seed-stage companies across all sectors rather than one niche. This founder-first approach shows up in their deal flow, which ranges from highly technical infrastructure bets like verifiable AI middleware and biometric identity systems to consumer and game products built on Telegram and other social platforms.

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