Former Execs at CoinFund, Aave Join Aglaé Ventures

Vanessa Grellet and Jordan Lazaro Gustave to lead Web3 investments at VC backed by controlling shareholder of luxury goods company LVMH


Aglae Ventures’ Managing Partner Vanessa Grellet | Photo by Mike Lawrence


key takeaways

  • Grellet and Gustave will target investments in DeFi, CeFi, Web3 infrastructure, layer-1 and layer-2 scalability and the creator economy
  • Grellet is set to continue relationship with CoinFund in an advisory role

Former executives at CoinFund and Aave have joined a venture capitalist firm seeking to expand its investments in Web3. 

Vanessa Grellet, who joined blockchain-focused investment firm CoinFund in May 2021, is now a managing partner at Aglaé Ventures. Grellet will continue her relationship with CoinFund as an adviser.

She joined Aglaé Ventures with Jordan Lazaro Gustave, who was a founding member of FlamingoDAO and previously served as chief operating officer of liquidity protocol Aave.

The venture capital firm, which has bases in Paris, New York and San Francisco, invests in asset-light activities and growing tech companies at all stages. These include marketplaces, software-as-a-service (SaaS) companies, content platforms, developer and application tools, and digital-native brands.

Aglaé has invested in Airbnb, Lyft, Netflix, Slack and Spotify. Its investments range from 100,000 euros to 100 million euros. The company is backed by Agache (formerly Groupe Arnault), the controlling shareholder of luxury goods giant ​​Moët Hennessy Louis Vuitton (LVMH).

“It’s been a very successful VC in Web2, but they were seeing a lot of things coming in Web3 and wanted to hire someone who is a specialist to manage that portion of their investments,” Grellet told Blockworks.

Grellet and Gustave will target investments in four sectors: decentralized and centralized finance, web3 infrastructure, layer-1 and layer-2 scalability, and the creator economy.

“We’ll both have a lot of operational experience to help the founders and get them from zero to one,” Grellet said. 

Grellet was hired last year “to cement CoinFund as one of the most hands-on partners to early-stage teams building blockchain technology products,” according to a company statement at the time.

CoinFund President Christopher Perkins told Blockworks that Grellet will continue to work with the company in an advisory role. No one person will replace Grellet in her former role as head of portfolio growth, as CoinFund is restructuring the team.

The investment firm is “in build mode,” Perkins added, noting that it is seeking to bolster its post-investment management strategy by hiring across marketing and communications, talent acquisition and technical support.

Before CoinFund, Grellet spent four years as an executive director at ConsenSys, where she focused on driving adoption for Ethereum, strategic initiatives, alliances and channels. While there, she worked with LVMH teams on their AURA project, which aimed to serve the luxury industry with product tracking and tracing services based on Ethereum blockchain technology.

Grellet has also worked at PwC and as a corporate strategy executive at the New York Stock Exchange.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


BUZZ holds shares of Coinbase, Robinhood and MicroStrategy


Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders


Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume


DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit