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Raises
Fenbushi Capital
Total Investments100
Infrastructure17
DeFi10
Gaming9
L15
L24
Analytics3
Centralized Exchange3
Zero Knowledge Industry2
AI2
NFT2
Storage2
Payments2
Trading2
Liquid Staking Protocol1
EVM1
DePIN1
Scaling Solution1
RWA1
CeFi1
Wallet1
Mining1
| Name | Round | Category | Description | Lead Investor | Chains | Other Investors | |||
|---|---|---|---|---|---|---|---|---|---|
| AIVIVE | 28 Jun 2026 | $8m | Series A & B | AI | AIVIVE is a Web3-native AI project building the Recursive AI Protocol (RAP), an on-chain economic system that combines AI-generated content (like image feeds), user taste/creator activity, and programmable tokenomics (with deflationary mechanics via burns tied to usage) for gaming, creative platforms, and AI applications | Vega Ventures, UZ Capital, Bluemount Foundation, Echo3 Labs, Greenwood Global Capital | OKX Ventures, Draper Dragon, Arweave, Fenbushi Capital, ConsenSys | ||
| Tenbin Labs | 27 Jan 2026 | $7.1m | Seed | RWA | Tenbin Labs is a tokenized asset protocol building institutional-grade commodities and FX markets using CME futures rather than custody-based wrappers. It offers real-time pricing, instant fee-free minting and redemption, and passes futures basis yield to token holders, starting with tokenized gold and later high-yield emerging-market FX tokens | Galaxy Digital | Wintermute Ventures, GSR, Archetype, Variant Fund, JPEG Trading, FalconX, Nascent, Reverie, Bankless Ventures, Primitive Ventures, Alpen, Fenbushi Capital, Uniswap Labs Ventures | ||
| Thirdverse | 05 Sep 2025 | $1.36m | Funding Round | Gaming | Thirdverse is an XR game studio with bases in Japan and San Francisco, developing and operating titles for the global market. The company’s main focus is on game projects rooted in VR/social experiences | MZ Web3 Fund | Fenbushi Capital, Yield Guild Games, OKX Ventures, 8DAO, B Dash Ventures, D4V, CyberAgent Capital, United Ventures, Masi Oka | ||
| Irreducible | 30 Jan 2025 | $24m | Series A | Zero Knowledge Industry | Irreducible accelerates zero-knowledge proof generation by operating FPGA clusters tailored for cryptographic computations, supporting blockchain protocols | Paradigm, Bain Capital Crypto | Fenbushi Capital, L2 Iterative Ventures, Robot Ventures | ||
| Reown | 15 Jan 2025 | $13m | Series B | Wallet | Reown, formerly WalletConnect Inc., is an onchain UX platform offering tools like AppKit for seamless app-to-wallet interactions and WalletKit for enhanced wallet usability and security | USV, 1kx | GDA Capital, Shopify, Kraken Ventures, Crypto.com Capital, Figment Capital, Everstake Capital, BitGo, Fenbushi Capital, Notation Capital | ||
| Flock | 19 Dec 2024 | $3m | Strategic | AI | a leading innovator in decentralized AI model development and training | DCG | Lightspeed Faction, Animoca Brands, Fenbushi Capital, Gnosis DAO, Bas1s. Ventures, a41 Ventures, GSR | ||
| Semantic Layer | 08 Oct 2024 | $3m | Seed | Infrastructure | to bring Application-Specific Sequencing to dApps | Figment | Hack VC, Robot Ventures, Anagram, Bankless Ventures, Fenbushi Capital, Perridon Ventures | ||
| Huma Finance | 11 Sep 2024 | $38m | Series A | Payments | Huma Finance, a company pioneering the Payment Financing (PayFi) network | Distributed Global, HashKey Capital, Folius Ventures, ParaFi Capital, Circle Ventures, Robot Ventures, Fenbushi Capital, Anagram, Hard Yaka, Stellar Development Foundation, Tibas Ventures, Race Capital | |||
| Morpho Labs | 01 Aug 2024 | $50m | Strategic | DeFi | Lending | Ribbit Capital | a16z crypto, Coinbase Ventures, Variant Fund, Pantera Capital, Brevan Howard, BlockTower Capital, Kraken Ventures, Hack VC, IOSG, RockawayX, L1D, Mirana Ventures, Cherry Crypto, Semantic, Fenbushi Capital, LeadBlock Partners, Robot Ventures | ||
| Igloo | 23 Jul 2024 | $11m | Strategic | L2 | consumer-focused Layer 2 blockchain called Abstract | Founders Fund | Fenbushi Capital, 1kx, Everest Ventures Group, Selini Capital | ||
| Parasail | 28 May 2024 | $4m | Seed | DePIN | Parasail is an incentive interface designed to streamline Decentralized Physical Infrastructure Networks (DePIN) experiences by aggregating capital, hardware resources, and users | Protocol Labs | MH Ventures, DWF Ventures, D11 Labs, Fenbushi Capital, Escape Velocity, Modular Capital, Bitrise Capital, Foresight Ventures | ||
| Lagrange | 08 May 2024 | $13.2m | Seed | Infrastructure | ZK Coprocessor | Founders Fund | Archetype, 1kx, Maven 11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle Ecosystem | ||
| Tevaera | 24 Apr 2024 | $5m | Seed & Private | Gaming | A ZK Stack powered one-stop Gaming Ecosystem | Laser Digital | Hashkey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Crypto.com Capital, Cogitent Ventures, Faculty Group, DWF Labs, Morningstar Ventures, DCF God, Momentum 6, GBV, Selini Capital, MapleBlock Capital, CoinSwitch Ventures, GD10 Capital, Aquanow | ||
| Azuro | 11 Apr 2024 | $3.5m | Private | DeFi | Decentralized betting protocol | SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales Capital, G1 Ventures | |||
| Sablier | 22 Mar 2024 | $4.5m | Seed | Infrastructure | Infrastructure for money streaming and token distribution | A Capital, Fenbushi Capital, WAGMI Ventures, GD1, Cyfrin, DCV, FounderHeads VC, Daniel Bar, Ben Middleton, Evan Van Ness, David Lach, Blake Gao, David Truong, Laurens de Poorter, Martin Tellechea, Moshe Malawach, Auryn Macmillan, Kerman Kohli, John Henderson, Lito Coen, Paul Salisbury, Alp Ergin, Clement Fermaud, Matej Nemček | |||
| Eclipse Labs | 11 Mar 2024 | $50m | Series A | L2 | Ethereum layer-2 using the Solana Virtual Machine (SVM) | Placeholder, Hack VC | Polychain Capital, Maven 11, DBA, Delphi Digital, Fenbushi Capital, Bankless Ventures, Flow Traders, OKX Ventures, Barnabe Monnot, John Adler, Mert Mumtaz, Austin Federa, DCInvestor, Hasu, Cozomo de’ Medici, Meltem Demirors, ZachXBT, Anthony Sassano, Santiago Roel Santos, Jill Gunter, DeeZe, Eric Wall | ||
| Inco | 21 Feb 2024 | $4.5m | Seed | L1 | a modular confidential computing Layer-1 blockchain powered by fully homomorphic encryption (FHE) and secured by Ethereum | 1kx | Circle Ventures, GSR, Polygon Ventures, Robot Ventures, AllianceDAO, Matter Labs, Portal Ventures, Daedalus, Big Brain Holdings, Symbolic Capital Partners, Fenbushi Capital, Tarun Chitra, Yi Sun, Jon Kol, bonustrack87 , Kartik Talwar, Don Ho, Kenzi, Will Price, Henri Stern, Dovey Wan, Scott Moore, Calvin Liu | ||
| Pixels Foundation | 09 Feb 2024 | $4.8m | Seed | Gaming | Advancing and researching digital ownership and incentive alignment in gaming | Alexander Larsen, Alex Svanevik, Blocore, BreederDAO, Collab+Currency, DAO Kondr VC, Ed3n Ventures, Edge22, Fenbushi Capital, Forj, Framework Ventures, GB Group, Loopify, MARS DAO, Mechanism Capital, Sky Mavis, Token Metrics, Volt Capital, Yield Guild Games | |||
| Rio Network | 18 Dec 2023 | Seed | Liquid Restaking Network | Polychain Capital, Blockchain Capital, Breyer Capital | Archetype, Blockchain Coinvestors, Coinbase Ventures, Chorus One Ventures, Coinsummer, Fenbushi Capital, Finality Capital Partners, Hack VC, Hash3, Hashkey Capital, Maelstrom, Mirana Ventures, NGC Ventures, Proofgroup, Reciprocal Ventures, Robot Ventures, Rubik Ventures, SNZ Holding, Stake Capital, Tangent, Alex Crowe, Amman Bhasin, Brian Tubergen, Clayton Menzel, David Gan, Eric Wall, Jai Bhavnani, James Prestwich, Jason Yanowitz, John Adler, John Zettler, Ken O'Friel, Matt Jobbe Duval, Matt Luongo, Michael Ippolito, Mike Neuder, Mirko Schmiedl, Mustafa Yilham, Pranay Mohan, Rob Witoff, Smokey, Will Wolf, Xinsu Dong | ||||
| Farcana | 14 Dec 2023 | $10m | Seed | Gaming | third-person multiplayer shooter game | Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, Rarestone Capital, MMPro Trust, Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, Dravus Investment | |||
| Kakarot | 14 Nov 2023 | Seed | EVM | type 2.5 zkEVM written in Cairo | Stake Capital Group, Longhash Ventures | Eterna Capital, Fenbushi Capital, OKX Ventures, Foresight Ventures, SevenX Ventures, STIX, Bixin Ventures, Signum Capital, Moonrock Capital, Builder Capital, CMS Holdings, NxGen | |||
| Risc Zero | 19 Jul 2023 | $40m | Series A | Zero Knowledge Industry | RISC-V virtual trusted/trustless (it’s complicated) computer based on zero-knowledge cryptography, specifically zk-STARKs | Blockchain Capital | Bain Capital Crypto, Galaxy Digital, IOSG Ventures, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Aglaé Ventures, IOBC Capital, zeroDAO, Alchemy | ||
| Alluvial | 11 Jul 2023 | $12m | Series A | Liquid Staking Protocol | software development company supporting the enterprise-grade liquid staking protocol Liquid Collective, | Ethereal Ventures, Variant | Brevan Howard Digital, Avon Ventures, Nascent, A Capital, Robot Ventures, Fenbushi Capital, IOSG, Blockdaemon |