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The firm plans to support around 30 early-stage startups that sit at the intersection of decentralized finance and social media. Luc de Leyritz, who recently joined Re7 after a stint at Cherry Ventures, will lead the initiative. He believes SocialFi is currently the most important area in crypto investing, even though that view is not yet widely accepted.
Focused Early-Stage Strategy
Despite the modest fund size, Re7 aims to make high-conviction, early investments. Most checks will range from $100,000 to $300,000, with additional reserves for follow-on funding. The firm wants to move fast, avoid fee-driven incentives, and stay disciplined. Leyritz emphasized that this is a focused “scout vehicle” rather than an asset-under-management play. If the fund thesis proves correct, Re7 intends to expand with a larger follow-up vehicle.
Backed by Leading Crypto Founders
The new SocialFi fund is anchored by Re7 Capital and includes key backers such as Lens Protocol (founded by Aave’s Stani Kulechov), Farcaster co-founder Dan Romero, and several existing Re7 limited partners. Although the fund has not yet reached its full $10 million target, over 60% of capital has already been committed. A second close is expected in the near future.
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