| Lighthouse | Oct 19, 2026 | $1.58m | Strategic | Storage | Lighthouse provides decentralized storage and persistent memory infrastructure for AI agents using IPFS, Filecoin, and Walrus | | | | Walrus Protocol, Protocol Labs, SMAPE Capital, CSP DAO, Balaji Srinivasan, Big Brain Holdings, Fenbushi Capital, HASH CIB, Longhash Ventures, Mask Network, NGC Ventures, 2Link, Formless Capital |
| Canopy | Jun 25, 2026 | $8.5m | Seed | DeFi | Canopy is a yield aggregation platform that simplifies liquidity deployment into the Movement Network | | | | Arrington Capital, Fenbushi Capital, SNZ Holding, Borderless Capital |
| AIVIVE | May 28, 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 | Jan 27, 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 | Sep 5, 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 | Jan 30, 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 | | | Fenbushi Capital, L2 Iterative Ventures, Robot Ventures |
| Reown | Jan 15, 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 | Dec 19, 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 | Oct 8, 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 | Sep 11, 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 | Aug 1, 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 | Jul 23, 2024 | $11m | Strategic | L2 | consumer-focused Layer 2 blockchain called Abstract | Founders Fund | | | Fenbushi Capital, 1kx, Everest Ventures Group, Selini Capital |
| Parasail | May 28, 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 | May 8, 2024 | $13.2m | Seed | Infrastructure | ZK Coprocessor | Founders Fund | | | Archetype, 1kx, Maven 11, Fenbushi Capital, Volt Capital, CMT Digital, Mantle Ecosystem |
| Eywa | May 3, 2024 | $7m | Seed | Infrastructure | consensus bridge that secures transactions across multiple protocols | Michael Egorov | | | Fenbushi Capital, GBV Capital, Big Brain Holdings, Marshland Capital, Mulana Capital |
| Tevaera | Apr 24, 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, Momentum6, GBV, Selini Capital, MapleBlock Capital, CoinSwitch Ventures, GD10 Capital, Aquanow |
| Azuro | Apr 11, 2024 | $3.5m | Private | DeFi | Decentralized betting protocol | | | | SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales Capital, G1 Ventures |
| Sablier | Mar 22, 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 | Mar 11, 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 | Feb 21, 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 | Feb 9, 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 | Dec 18, 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 | Dec 14, 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 | Nov 14, 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 | Jul 19, 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 | Jul 11, 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 |
| Connext | Jun 14, 2023 | $7.5m | Strategic | L2 | Modular interoperability protocol for fast, trust-minimized communication between chains & L2s | | $250m | | Polychain Capital, Coinbase Ventures, NGC Ventures, Ethereal Ventures, Polygon Ventures, IOSG Ventures, Fenbushi Capital, KXVC, A Capital, No Limit Holdings, 1kx, Hashed, Factor Capital, Dokia Capital, Scalar Capital |
| Helika | Mar 1, 2023 | $4m | Seed | Analytics | Web3 gaming and NFT analytics platform | Diagram Ventures | | | Fenbushi Capital, Sfermion, Big Brain Holdings, Builder Capital, Sparkle Ventures |
| Blue | Jan 18, 2023 | $3.2m | Seed | | KYC/AML products for DeFi protocols | Blockchange Ventures, Fenbushi Capital | | | Dorahacks, Knollwood Investment Advisory, Gate.io, Wave Financial Group |
| Amber Group | Dec 16, 2022 | $300m | Series C | | Liquidity provider & digital asset platform | Fenbushi Capital | | | |
| Aztec | Dec 15, 2022 | $100m | Series B | L2 | privacy-first zk-rollup bringing confidentiality and cost savings to the Ethereum ecosystem | a16z | | | A Capital, King River Capital, Variant Fund, SV Angel, HashKey, Fenbushi Capital, AVG |
| Airstack | Oct 20, 2022 | $3m | Pre-Seed | Infrastructure | Web3 developer platform | | | | Fenbushi Capital, Polygon Ventures, Crescent City Capital, Resolute Ventures, WestWave Capital, Animal Ventures, Genblock Capital, Ww Ventures, David Choi, NGC Ventures |
| ChainSafe | Oct 18, 2022 | $18.75m | Series A | Infrastructure | Web3 infrastructure | Round 13 | | | NGC Ventures, Hashkey Capital, Sfermion, Jsquare, Digital Finance Group, Fenbushi Capital |
| Smart Layer (ex TokenScript, AlchemyNFT) | Sep 27, 2022 | $6m | | | Programmable smart token interface | Liang Xinjun | $200m | | HashGlobal, Bodl, Fenbushi Capital, SNZ Capital, UOB Ventures, Signum Capital, MH Ventures, Zhang Fan |
| Merkle Science | Aug 10, 2022 | $19m | Series A | | Risk and intelligence | BECO Capital, Darrow Holdings, K3 Ventures | | | Republic Capital, Summer Capital, 500 StartUps APAC and US, Aspen Digital, Hashkey Capital, Coinhako, Kraken Ventures, DCG, Kenetic Capital, Uncorrelated Ventures, Fenbushi Capital, Lucy Gazmararian, Libertus Capital |
| Neptune Mutual | Jul 22, 2022 | $1.75m | Seed | DeFi | Parametric Insurance Protocol | Fenbushi Capital | | | Coinbase Ventures, Huobi Ventures, GravityX Capital, Hex Trust, Axiom, NVC Partners, Alphabit Digital Currency Fund |
| Oasys | Jul 5, 2022 | $20m | Private | L1 | Oasys is a public blockchain designed specifically for gaming, featuring fast transactions, zero gas fees, and an eco-friendly approach. It utilizes a unique multi-layered architecture that includes a highly scalable Layer 1 and a specialized Layer 2 for scaling solutions | Republic Capital | $150m | | Gate Ventures, Jump Crypto, Crypto.com Capital, HTX Ventures, KuCoin Ventures, Yield Guild Games, Krust, Infinity Ventures, Mirana Ventures, Big Brain Holdings, Fenbushi Capital, Amber Group, NGC Ventures, Formless Capital, Builder Capital |
| Hex Trust | Mar 17, 2022 | $88m | Series B | | | Animoca Brands, Liberty City Ventures | | | Ripple, Terra, Morgan Creek Digital, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, Adrian Cheng, CoinList, BlockFi, Protocol Labs, Pulsar Trading, Wintermute Ventures, QBN Capital, Kenetic Capital, Hashkey Capital, Fenbushi Capital, Radiant Ventures, Cell Rising |
| Slope Finance | Feb 25, 2022 | $8m | Series A | Infrastructure | Cross-Chain wallet | Jump Capital, Solana Ventures | | | Sequoia Capital, CMS, Circle Ventures, OKX, Gate.io, Huobi Ventures, Genesis Global Trading, Spark Digital, The Spartan Group, Fenbushi Capital, Mirana Ventures, Wave Financial Group, OKX Ventures, Gate Ventures |
| Ceramic | Feb 17, 2022 | $30m | Series A | Infrastructure | decentralized network for composable data | Multicoin Capital, USV | | | Placeholder, Reciprocal Ventures, CoinFund, Figment, Coinbase Ventures, Hashed, DCG, Variant Fund, The Lao, Dialectic, Zee Prime, Edge & Node, Dapper Labs, StreamingFast, Metacartel Ventures, Protocol Labs, Animoca Brands, Collab+Currency, BlockScience, ConsenSys, Polymorphic Capital, Red Beard Ventures, Gaingels, Distributed Global, DAOsquare, Bitscale Capital, Northzone, Venrock, Fenbushi Capital, Amplify Partners, Page One, The Fintech Fund, Animal Ventures, 6MV, Underscore VC, P2P Capital, Packy McCormick, Meltem Demirors, Roham, Illia, Brian Flynn, Alex Salnikov, Ryan Selkis, Dan Romero, Eleftherios, Stefan George, Suji Yan, Tegan Kline, Chase Chapman, David Phelps, Defi Dad, Vadim Koleoshkin, Yannick Folla, alisha.eth, Oaksprout, Daniel Heyman, sean.eth, Jeremysklaroff, aditi, Alan Curtis, Annika Lewis, 0xbilly, Blake Jennelle, Alessio Fanelli, chamm.eth, NiMA ASSYDD, Derek Yoo, Jad Esber, Joe Lallouz, Julia Lipton, Florian Hagenbuch, julz.eth, Kerman Kohli, Mason Nystrom, cjliu49, Rob Toews, Sari Azout, Zach Frankel, Jump Crypto |
| Vibra | Dec 17, 2021 | $6m | Seed | | Vibra is an online crypto-currency application that specializes in investments, blockchain, and funding services. | | | | Bonfire Ventures, Cadenza Ventures, CRE Venture Capital, DeSpace Protocol, Dragonfly Capital, Fenbushi Capital, Hash Global, Hashkey Capital, Krypital Group, Lateral Frontiers VC, LeadBlock Partners, Musha Ventures, SNZ Holding |
| iZUMi FInance | Dec 9, 2021 | $3.5m | Series A | DeFi | Liquidity Mining on Uniswap V3 | Mariana Ventures | | | IOSG, Cadenza Ventures, Fenbushi Capital, Evgeny Yurtaev, HashKey, GSR, CyberX, Bixin Ventures, Kronos Research, Dorahacks, Gate Lab, MEXC |
| Blockchain Lab | Dec 7, 2021 | $6m | Series A | | Blockchain Lab comprises business and technical professionals jointly engaged in our blockchain technology practice. | | | | Lateral Frontiers VC, CRE Venture Capital, Dragonfly Capital, Hashkey Capital, SNZ Capital, Fenbushi Capital, Cadenza Capital, Head & Shoulder X, Leadblock Fund, Hash Global, Bonfire Union Ventures, Krypital Group, Despace |
| 1Inch | Dec 1, 2021 | $175m | Series B | DeFi | DEX Aggregator | Amber Group | $2.25b | | Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius Network, Nexo, Tribe Capital, Gemini Frontier Fund, Gate Ventures |
| BlockchainSpace | Nov 18, 2021 | $3.75m | Seed | Gaming | BlockchainSpace is a guild hub for play-to-earn communities. | | | | 3Commas, Animoca Brands, Arca, BitScale, Coingecko Ventures, Fenbushi Capital, Genesis Block Ventures, Infinity Ventures Crypto, Mechanism Capital, Parachain Ventures, Parataxis Capital, PetRock Capital, StableNode, The Spartan Group, Yield Guild Games |
| Nym Technologies | Nov 17, 2021 | $13m | Series A | | Nym Technologies is a privacy-centric startup | | | | a16z, DCG, Fenbushi Capital, HashKey, Huobi Capital, Tayssir Capital |
| HyperTrader | Nov 15, 2021 | $1.43m | Seed | Trading | Democratizing access to trading technologies | | | | Fenbushi Capital, Rebel Fund, SGH CAPITAL, Side Door Ventures, TRAC |
| WOO Network | Nov 9, 2021 | $30m | Series A | Centralized Exchange | WOO Network is a digital assets liquidity network connecting traders, exchanges, institutions, and DeFi platforms. | | | | 3Commas, AG Build, Antalpha Ventures, AscendEX, Avalanche Asia Star Fund, BitMart, Crypto.com Capital, Fenbushi Capital, Gate Ventures, L-Bank, MEXC Global, Michael van Paesschen, PSP Soteria Ventures, QCP Capital, 3AC, TokenInsight, ViaBTC Capital |
| Notabene | Nov 8, 2021 | $10.2m | Series A | | Notabene helps businesses perform crypto transactions that are regulatory compliant. | | | | Bitso, BlockFi, Castle Island Ventures, Charles Delingpole, F-Prime Capital, Fenbushi Capital, Gemini Frontier Fund, Green Visor Capital, Illuminate Financial, Jump Capital, CMT Digital |
| Sipher | Oct 26, 2021 | $6.8m | Seed | Gaming | Sipher is a blockchain-powered gaming studio in Vietnam. | | | | Alameda Research, Alex Svanevik, Arrington XRP Capital, BITKRAFT Ventures, Coin98 Ventures, DeFiance Capital, Delphi Digital, Dragonfly Capital, Fenbushi Capital, Genesis Block Ventures, Hashed, Hyperchain Capital, Konvoy Ventures, Kyber Network, Merit Circle, Signum Capital, Triblock, Yield Guild Games, CMT Digital |
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