EFN Evergreen
Evergreen crypto venture · Singapore

Capital that
outlasts the cycle.

EFN Evergreen backs founders building open networks. No fund clock and no forced exits. We can hold a position through a bear market, a halving and the next one after that.

Pitch us Why evergreen
Structure
Evergreen
Stage
Pre-seed to Series A
Instruments
Equity, SAFT, liquid tokens
Initial check
$250K – $3M
01 / Thesis

A ten-year fund ends in the middle of a cycle. We don't have an end date.

Crypto markets move on roughly four-year cycles around the Bitcoin halving. A closed-end fund has to return capital on a calendar, whatever the market is doing that year. Our permanent capital base lets us size exits to the protocol's progress instead.

Investment period Harvest period Evergreen holding Bitcoin halving
02 / Focus

Where we invest

Four areas where we think durable value accrues on-chain. We look for teams with a long build horizon, credible token design and a reason to exist beyond the current narrative.

Infrastructure

Base layers and scaling

Execution environments, rollups, data availability and the tooling developers need to ship on them.

L1 / L2DAZKDev tooling
Markets

DeFi and market structure

Exchanges, lending, derivatives and the risk and oracle layers underneath them.

DEXLendingPerpsOracles
Payments

Stablecoins and settlement

Issuance, on- and off-ramps and cross-border settlement, with a focus on Korea and wider Asia.

StablecoinsRWARampsAsia
Applications

Consumer and on-chain apps

Wallets, identity, games and social products that bring the next set of users on-chain.

WalletsIdentityGamingSocial
03 / Approach

How we work with founders

Hold through cycles

No distribution deadline means we never push a team to sell tokens or exit early to hit a fund date.

Active on-chain participant

We stake, vote in governance and run infrastructure where it helps the networks we back.

Asia go-to-market

Introductions to Korean and Asian exchanges, market makers, partners and local communities.

04 / Portfolio

Selected investments

Early-stage positions across AI, DePIN and the base layers underneath them.

    05 / Contact

    Building something meant to last?

    Founders pitch@efnevergreen.com
    LPs and partners ir@efnevergreen.com
    Office Singapore