“A thesis-driven, high-conviction firm allocating across three core themes it believes will define the next decade: Trustless Infrastructure, Digital Intelligence and Atomic Breakthroughs, treating crypto as "freedom technology" alongside AI and deep tech.”
Delphi Ventures does not list a portfolio on its own homepage. The sector split is computed from 17 companies we cross-verified through DefiLlama's fundraising tracker, VCBacked's investor directory and Delphi's own job board. The chain split covers only the 7 of those 17 whose chain we could confidently verify; the other 10, mostly AI x crypto protocols, either run their own chain not on this directory's fixed list or have unverified chain infrastructure, and are excluded from the chain split rather than guessed.
Delphi Ventures is the venture arm connected to the Delphi Digital research brand, run by Managing Partner Yan Liberman alongside Founding Partners Tom Shaughnessy and Piers Kicks and Partner Drew Henderson, with dedicated internal roles for AI investing and even neurotech investing. The firm's stated thesis is unusually broad for a crypto fund: three core themes it calls Trustless Infrastructure, Digital Intelligence and Atomic Breakthroughs, framed around a belief that these forces will "render legacy models obsolete." Crypto is described in the firm's own words as "freedom technology," but the fund's tracked deal history shows a clear recent tilt toward AI x crypto specifically.
Delphi does not publish a portfolio list on its own homepage, an unusual gap for a fund with an active deal history. Cross-referencing DefiLlama's fundraising tracker, the VCBacked investor directory and Delphi's own job board (which lists portfolio companies actively hiring, including ZKsync, Offchain Labs and Vultisig) surfaces a real, recent, and heavily AI-x-crypto-leaning book: ORO AI, Sentient, Allora, Inference Labs and MyShell were all funded within the past two years, alongside older Solana infrastructure and gaming bets (Squads, Friktion, Pixelmon, Gunzilla Games).
The application process is a public Google Form, and the firm states submissions are first triaged by an in-house AI analyst it calls "Bob." VCBacked's third-party tracking estimates an average check of roughly $4.1 million across 52 tracked deals, though this is not confirmed on Delphi's own materials.
Key stats:
| Partner | Role | Where to find them |
|---|---|---|
| Yan Liberman | Managing Partner | delphiventures.io/about |
| Tom Shaughnessy | Founding Partner | delphiventures.io/about |
| Piers Kicks | Founding Partner | delphiventures.io/about |
| Drew Henderson | Partner | delphiventures.io/about |
| Rawson Haverty | AI Investing | delphiventures.io/about |
| Sarah Brennan | General Counsel | delphiventures.io/about |
Individual X and LinkedIn handles were not confirmed on the pages fetched, so we link the firm's own about page rather than guess.