TechFlow News — In response to a series of allegations raised by Twitter user Nay, Andrei Grachev, Managing Partner at DWF Labs, published a post on LinkedIn outlining the firm’s vision, operational workflows, and investment themes.
Grachev stated: "DWF Labs primarily invests in Layer 1 and Layer 2 protocols. The second part of our investment focus includes the most promising and mainstream niches such as GameFi, Guilds, DeFi, Web3 derivatives, Web3 social platforms, AI, DAOs, and occasionally meme coins. We then actively seek synergies among our portfolio companies to drive their growth collaboratively."
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On investment philosophy and value proposition, Grachev said: "We are not 'money-only' investors; we are partners and friends to the projects in our portfolio."
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Regarding the investment evaluation process, he explained: "We focus on market narrative, community size and engagement, project vision and team, technology, exchange listings (if the project is live), and market data. Based on a project’s score across these criteria, we adjust our check size and terms for potential collaboration. We understand how complex fundraising can be, and we constantly strive to find ways to support founders. We typically invest via SAFT in Pre-Seed and Seed rounds. If a token is already listed and tradable, we may also invest according to unlock schedules, lock-up periods, or staggered tranches. Beyond capital, we usually provide additional support."
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On asset custody and balance management, he said: "For security and capital efficiency reasons—since we can use tokens as collateral in trading—we store nearly all of our assets on centralized exchanges (CEXs). Occasionally, we share risks with projects and use our own balances to provide market-making support. In terms of risk management, we never invest in NFTs, we adjust investments based on counterparty risk, and we never keep large amounts of funds in on-chain wallets—the number of cases involving hacked market makers and funds is too high; we have no intention of becoming victims."
Earlier, Twitter user Nay alleged that several of DWF Labs’ publicly announced investments do not align with on-chain data, and further questioned the firm's leadership due to suspected links to the OneCoin cryptocurrency Ponzi scheme.
