Sfermion

Sfermion is a Chicago-based venture capital firm founded in 2019 that focuses on technology investments with a special emphasis on metaverse-native and esoteric digital assets.

Joanna Da Lu

COO and Partner

Dan Patterson

General Partner

Andrew Steinwold

Founder and Managing Partner

Past deals in Virtual Reality

FrodoBot

Seed Round in 2025
FrodoBots Lab specializes in developing a decentralized network of sidewalk robots, equipped with sensors and cameras, to create an open-world game with real-world interactions. This innovative technology allows gamers to remotely explore and engage with diverse environments, offering an immersive and unique gaming experience. The company is at the forefront of Embodied AI research, merging crypto and gaming technologies.

Vivident

Seed Round in 2025
Vivident is a technology company that develops an AI-powered platform for creating and managing autonomous digital characters, primarily in an anime-style. These characters, with distinct personalities, interact with fans in real-time through chat and live streaming, fostering a collaborative entertainment experience that bridges the virtual and real worlds.

Today

Seed Round in 2024
Today is a Web3 social simulation game, offering interactions with GenAI backed NPCs, and no-code tools for virtual world development.

Pixelmon

Seed Round in 2024
Pixelmon is a New York-based company that develops online video games and offers a virtual metaverse where users can trade, cooperate with friends, battle, and train to play the game. It enables gamers to monetize their gaming skills.

AnotherBall

Seed Round in 2023
AnotherBall is a startup that combines entertainment and blockchain technologies.

Metatheory

Series A in 2022
Metatheory Inc. is an interactive technology and entertainment company focused on the development of Web3 games and community-driven experiences. It aims to inspire imagination by connecting people worldwide through immersive virtual worlds. The company specializes in creating interactive content that allows users to engage in audience-driven story development, enjoy enjoyable gameplay, and experience digital ownership through blockchain technology. By leveraging cross-generational intellectual property, Metatheory seeks to empower gamers and foster social connections within its innovative environments.

Tiny Rebel Games

Seed Round in 2022
We are Petaverse Network. Our aim is simple but robust - we are building an open standard for digital pets. An interoperable data solution for creating infinite virtual companions to be by your side, across the metaverse. Pets to bond with, who will learn, evolve, and behave based on their specific 'DNA' and the interactions you have with them. Soon, we will be helping people to adopt their first digital pets and take them into the first of many experiences they will be able to have with virtual companion. Embracing the wonders of #web3 we invite partnership with other creators across the metaverse.

Petaverse Network

Pre Seed Round in 2022
Petaverse Network develops an open standard for cross-chain, interoperable pets in the metaverse. It enables users to create and accompany their virtual companions across various platforms using AI, XR, and NFT technologies.

DNABLOCK

Seed Round in 2022
DNABLOCK is leading the way to personalized entertainment, interaction, and inclusion by removing the barriers of 3D content creation. Our platform and REPLIKANTâ„¢ animation engine allows creatives, brands, and individuals the ability to generate bespoke, high-quality, digital beings without prohibitive post-production costs or specialized 3D programming knowledge. Our platform supports the exporting of content onto ANY device, making it simple to create fulfilling interactions with an enormous reach. We operate a scalable, high-end, computer graphics pipeline. This pipeline, combined with advanced machine learning, computer vision, natural language processing, and sentiment analysis, is our recipe for engaging, real-time, interactive, digital beings and the future of digital interface. As a forward-thinking company, we have focused on likeness protection and ownership; adding authentication mechanisms to guarantee control and transparency.

Sovrun

Series A in 2022
Sovrun specializes in producing high-quality gaming assets for blockchain-based games, focusing on breeding and crafting mechanisms. They enable game developers to integrate player-built economies through a custom API toolkit.

Matrix One

Seed Round in 2021
Matrix One develops AI-powered character technology and metaverse infrastructure. The company aims to democratize the creation, ownership and use of AI characters that are immersive, accessible, interactive, decentralized and interoperable, serving as companions, guides and collaborators in daily interactions. It also provides a three-dimensional NFT marketplace platform for the metaverse that transforms original 3D files into optimized assets for multiple environments, minting them as a single token to give creators freedom and collectors tokens usable across virtual worlds.

Parcel

Pre Seed Round in 2021
Parcel facilitates web3 gaming marketplaces. It provides a customizable, turnkey solution that enables games to start earning revenue swiftly alongside tailored in-game experiences. Parcel supports existing secondary NFT markets and specializes exclusively in marketplace infrastructure for web3 gaming.
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