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Top 50 Blockchain VC Funds & Investors in China (November 2026)

The most active venture capital funds investing in China Blockchain startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Blockchain startup companies. Find investors to raise a Seed, Series A or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Node Capital
VC Fund
9 China, Singapore, United States Initial Coin Offering, Seed, Series A Blockchain, Internet, Cryptocurrency $700k–$16M
AlphaCoin Fund
VC Fund
7 United States, China, Singapore Seed, Venture - Series Unknown, Initial Coin Offering Blockchain, Cryptocurrency, Internet $100k–$60M
LD Capital
VC Fund
7 United States, Singapore, United Kingdom Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1.2M–$70M
8 Decimal Capital
VC Fund
7 United States, Singapore, China Seed, Angel, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1M–$40M
Funcity Capital
VC Fund
6 China, Malta Series A, Angel, Venture - Series Unknown Internet, Blockchain, Bitcoin $89k–$28M
DHVC
VC Fund
6 United States, China, Singapore Seed, Series A, Venture - Series Unknown Blockchain, Software, Artificial Intelligence $800k–$40M
Fenbushi Capital
VC Fund
6 United States, Singapore, China Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1M–$50M
Ceyuan Ventures
VC Fund
5 China, United States, Singapore Series A, Series B, Angel Software, Internet, E-Commerce $469k–$30M
IDG Capital
VC Fund
5 China, United States, Singapore Series A, Series B, Seed Internet, Software, E-Commerce $600k–$110M
Matrix Partners China
VC Fund
5 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Information Technology $1.2M–$137M
Kosmos Ventures
VC Fund
5 United States, Singapore, China Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1M–$62M
QF Capital
VC Fund
5 China, Hong Kong, United States Series A, Angel, Seed Artificial Intelligence, E-Commerce, Software $433k–$20M
ZhenFund
VC Fund
5 China, United States, Singapore Seed, Series A, Angel Software, Artificial Intelligence, Information Technology $98k–$22M
Shunwei Capital
VC Fund
5 China, United States, India Series A, Series B, Seed Manufacturing, Software, Artificial Intelligence $1M–$74M
Frees Fund
VC Fund
4 China, United States, Singapore Series A, Angel, Seed Artificial Intelligence, Health Care, Medical $452k–$28M
Wanxiang Blockchain
VC Fund
4 China, United States Seed, Angel, Series A Blockchain, Big Data, Data Mining $434k–$15M
SIG China (SIG Asia Investments)
VC Fund
4 China, United States, Japan Series B, Series A, Series C Software, E-Commerce, Internet $3.1M–$120M
Shenzhen Capital Group
VC Fund
4 China, United States, Japan Series A, Series B, Seed Manufacturing, Health Care, Software $1.4M–$141M
Draper Dragon
VC Fund
4 United States, India, China Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, FinTech $1.5M–$25M
OK Blockchain Capital
VC Fund
4 China, United States, Malta Seed, Series A, Venture - Series Unknown Blockchain, Finance, Financial Services $1.5M–$66M
Timestamp Capital
VC Fund
3 China, Singapore, United States Angel, Venture - Series Unknown, Seed Blockchain, Internet, Financial Services
Waterdrip Capital
VC Fund
3 Singapore, United States, China Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $500k–$50M
Chain Capital
VC Fund
3 Singapore, United States, China Seed, Venture - Series Unknown, Initial Coin Offering Blockchain, Cryptocurrency, Information Technology $1M–$80M
Sparkling StarCapital
VC Fund
3 China, Belize Angel, Series A, Seed Blockchain, FinTech, Internet $700k–$15M
Dream Chaser Capital
VC Fund
3 China, Singapore Angel, Series A, Seed Internet, Blockchain, Social $242k–$5.1M
Sky9 Capital
VC Fund
3 China, United States, Singapore Seed, Series A, Series B Software, Blockchain, Artificial Intelligence $2M–$100M
Ledger Capital
VC Fund
3 China, Canada, Austria Seed, Series A, Angel Blockchain, Cryptocurrency, Bitcoin $1.5M–$25M
Milestone
VC Fund
3 China, Singapore, United States Seed, Series A, Series B Information Technology, Software, Blockchain $1.4M–$16M
Sinovation Ventures
VC Fund
3 China, United States, Hong Kong Series A, Seed, Series B Software, Artificial Intelligence, Health Care $882k–$74M
Innoangel Fund
VC Fund
3 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, Manufacturing, Robotics $425k–$29M
BlockVC
VC Fund
3 Singapore, United States, China Venture - Series Unknown, Seed, Corporate Round Blockchain, Internet, Software $250k–$15M
Daocin Capital
VC Fund
3 China, United States Angel, Series A, Seed Robotics, E-Commerce, Enterprise $425k–$16M
Collinstar Capital
VC Fund
3 China, United States, Malta Seed, Corporate Round, Angel Blockchain, Cryptocurrency, Internet $3.7M–$15M
Yunshan Capital Partners
VC Fund
3 China Seed, Angel, Series A Blockchain, Health Care, Manufacturing
Arrington XRP Capital
VC Fund
2 United States, Singapore, South Korea Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1.8M–$35M
Imagination Fund
VC Fund
2 China Seed, Angel, Corporate Round Blockchain, FinTech, Finance
Hyper Fund
VC Fund
2 China Angel, Series A Blockchain
Albatross Venture
VC Fund
2 China, Singapore, South Korea Series A, Seed, Angel Software, SaaS, Financial Services $425k–$4.3M
Transference Fund
VC Fund
2 China, United States Seed, Series A Blockchain, Finance, Real Time
Legend Capital
VC Fund
2 China, United States, South Korea Series B, Series A, Series C Health Care, Medical, Biotechnology $1.6M–$200M
Huobi Eco
VC Fund
2 China, Singapore, Japan Seed, Series A, Corporate Round Blockchain, Cryptocurrency, Finance $1.2M–$51M
Multicoin Capital
VC Fund
2 United States, Singapore, Switzerland Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1.5M–$72M
CMB International Capital Corporation
VC Fund
2 China, United States, Japan Series A, Series B, Series C Manufacturing, Biotechnology, Health Care $13M–$250M
Manzi Fund
VC Fund
2 China, United States Angel, Seed, Pre-Seed FinTech, Software, Analytics $742k–$3M
Access Ventures
VC Fund
2 United States, South Korea, China Seed, Series A, Pre-Seed Software, Financial Services, FinTech $100k–$13M
JLAB | JD capital
VC Fund
2 China, Singapore, United States Seed, Venture - Series Unknown, Corporate Round Blockchain, Cryptocurrency, Internet $1M–$30M
Polychain
VC Fund
2 United States, Singapore, Switzerland Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, FinTech $1.5M–$45M
Kunlun Capital
VC Fund
2 China Series A, Seed, Series B Biotechnology, Health Care, Medical $19M–$40M
FBG Capital
VC Fund
2 United States, Singapore, China Seed, Series A, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1M–$50M
HSG
VC Fund
2 China, United States, Hong Kong Series A, Series B, Series C Health Care, Biotechnology, Artificial Intelligence $4.4M–$200M
Access all 587 VC funds in China Blockchain startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Node Capital
VC Fund · Beijing, Beijing, China · 9 investments in China Blockchain startups

Node Capital is a venture capital company focusing on blockchain industry. It is also one of the world’s earliest professional investment institutions of blockchain industry layouts. Node Capital aims to connection every node of blockchain industry by project investment and cooperation, thus building industry ecosystem, and promote healthy and stable development of blockchain industry. So far, Node Capital has invested many projects of blockchain industry, such as news information, digital asset transactions, storage, technology development and application. Including enterprises such as Huobi, Coldlar, Bocheninc, fengwo, Jinse Finance , Lianshang Technology, Yulian, Qukuai Leida.

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Investment focus

  • Industry: Blockchain, Internet, Cryptocurrency
  • Stage:Initial Coin Offering, Seed, Series A
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 70
  • Round size: Seed $1M–$5M; Series A $700k–$16M; Initial Coin Offering $1M–$1M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Neuramint — Where AI Meets the Mint. Token launches, decoded.
  • HyperLink — HyperLink prioritizes optimal execution, low fees, and private order flow.
  • Byzantine Finance — Stake assets, secure other services, and earn more. Restake now with Byzantine Finance to become part of DeFi's next generation. Building the most secure and profitable future for staking.
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AlphaCoin Fund
VC Fund · Boston, Massachusetts, United States · 7 investments in China Blockchain startups

AlphaCoin Fund is a venture capital focused on investing blockchain technology and tokens. Since 2017, AlphaCoin has invested in over 80 leading blockchain technology projects both home and abroad, with a total investment amount in exceed of 90 million USD. Our investment team consists of professionals from backgrounds covering traditional andcrypto venture capital investing, blockchain technology and crypto exchange operations. AlphaCoin Fund has founded strategic partnerships with both top-tier venture capital institutions such as Zhen Fund, Sequoia Capital, Danhua Capital, etc and service providers . With its connections in the blockchain industry, AlphaCoin Fund has been long dedicated to building an orbicular industry chain with its partners, so as to provide value-added services such as technology assistance, business development advising, marketing, partnership building and exchange listing consulting.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Venture - Series Unknown, Initial Coin Offering
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 58
  • Round size: Seed $100k–$14M; Initial Coin Offering $1M–$60M; Venture - Series Unknown $2.5M–$5M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Cowboy Snake — Cowboy Snake is the TvT play-to-earn game inspired by snake on the blockchain. Cowboy Snake is a product of OrenCT Ltd.
  • Formless — Formless enables gamers, NFT enthusiasts and digital collectors to find their favourite game while helping games find their targeted fans.
  • Clear Protocol — Clear Protocol, Inc. is a healthcare IT company. Our product, Clear Protocol, is Software-as-a-service for hospitals, clinics, and medical offices.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 7 investments in China Blockchain startups

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 202
  • Round size: Seed $1.2M–$8.6M; Venture - Series Unknown $1.7M–$70M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: Likely still investing — raised $200M in 2022

Portfolio highlights

  • Redpill AI — Access 200+ AI models with privacy-first infrastructure. Private models in GPU TEE, OpenAI-compatible API, zero data retention.
  • Yellow — Trades clear off-chain through state channels. Only the net result settles on-chain, across the chains participants already use.
  • Konnex World — Konnex is building the decentralized coordination, verification, and payment layer for autonomous robots. Powered by Large Behavioral Models and Proof-of-Physical-Work, it connects machines into a single global network where robots can understand, collaborate, and transact.
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8 Decimal Capital
VC Fund · San Francisco, California, United States · 7 investments in China Blockchain startups

8 Decimal Capital is a multi-strategy investment firm focused on both token and equity investment. We currently have more than 30 portfolio companies, and an AUM of 60M USD. Our investment team consists of more than 10 venture capital veterans, researchers, and trading professionals. We thematically invest in core infrastructure layer projects thataddress security, scalability, and privacy, provide a full suite of post-investment value-add to our portfolio companies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Angel, Venture - Series Unknown
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 54
  • Round size: Seed $1M–$4.7M; Venture - Series Unknown $4.9M–$40M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Nirvana — Nirvana is an AI-native financial infrastructure shaping the future of Agentic DeFi. - Redefining DeFi with AI Agents – Nirvana builds AI frameworks for DEFAI agents to maximize capital efficiency - AI-Native On-Chain Protocols – Empowering DEFAI agents with AI-native protocols to autonomously launch innovative financial instruments and optimizestrategies
  • Parallel Finance — Parallel Finance is a decentralized finance (DeFi) protocol that offers lending and staking services.
  • Parallel Finance — Parallel Finance is a Polkadot - based decentralized finance protocol that offers lending and staking services.
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Funcity Capital
VC Fund · Hangzhou, Zhejiang, China · 6 investments in China Blockchain startups

Funcity Capital is an asset management company specializing in Internet finance, artificial intelligence, blockchain, and smart travel.

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Investment focus

  • Industry: Internet, Blockchain, Bitcoin
  • Stage:Series A, Angel, Venture - Series Unknown
  • Geography: China, Malta

Investor stats

  • Total investments: 24
  • Round size: Angel $455k–$3M; Series A $89k–$28M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • CHAINDIGG — Zhifan Tech is a service provider of blockchain big data analysis platform dedicated to enabling everyone to benefit ...
  • Leapmotor — Zhejiang Zero Run Technology Co., Ltd. (LEAPMOTOR) is an innovative intelligent electric vehicle enterprise jointly invested by Zhejiang Dahua Technology Co., Ltd. and its main founders. Founded in 2015, the company is headquartered in Hangzhou Binjiang High-tech Development Zone. The company's business scope covers intelligent electricvehicle design, R&D, intelligent driving, motor electronic control, battery system development, and cloud computing-based car networking solutions. Relying on the strong financial strength of Dahua and its mature experience in technology research and development, process system and quality management, the company emphasizes the culture of engineers and has the ultimate pursuit of technological innovation, industrial design, and process quality.
  • Kuaidi Dache — Kuaidi Group, as the most technologically integrated and largest car service company in the world, is rapidly transforming the concept of moving people – starting in China. The app combines integrated mapping and third party payment technology to make its service accessible to everybody, and provides over 1 million taxis and a variety of standardand luxury cars for all lifestyles. To ensure the service fits smoothly into urban life, Kuaidi has developed a framework is that is adaptable to other platforms in China, and works in partnership with China’s government and regulators instead of against them.In a country where only 18% of per capita car ownership, Kuaidi is clearly meeting an important need. Kuaidi’s unique business model has attracted 100m registered users in over 300 cities, fulfilling 6 million requests per day. To optimize its services and go beyond customer expectations Kuaidi has secured partnerships with Alipay, Ctrip, AutoNavi, Baidu Maps, Qunar, and Beijing’s ‘96106’ government official platform.
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DHVC
VC Fund · Palo Alto, California, United States · 6 investments in China Blockchain startups

DHVC is a venture capital firm based in Palo Alto, California, that invests in Enterprise, Consumer, FinTech, and Healthcare companies.

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Investment focus

  • Industry: Blockchain, Software, Artificial Intelligence
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 236
  • Round size: Seed $800k–$10M; Series A $4.8M–$31M; Venture - Series Unknown $4M–$40M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — raised $343M in 2018

Portfolio highlights

  • Ink Finance — Ink Finance is the scalability solution for web3 DAOs, protocols and asset managers, enabling them to customize asset management and governance frameworks through a no-code interface, to effectively establish on-chain credit and financial competence. Ink Finance allows a one-stop and frictionless solution for organized financial activities, with scalability and customizability.
  • Shentu Chain — The Shentu Chain's mission is to create a more trustworthy blockchain world for all, starting with the Shentu Chain, a public platform that's secure, decentralized and compatible & interoperable with other blockchain ecosystems. Where security is a need, not a nice-to-have.
  • SURGE Therapeutics — SURGE Therapeutics seeks to dramatically improve cancer patient survival by disrupting cancer immunotherapy is deployed.
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Fenbushi Capital
VC Fund · Shanghai, Shanghai, China · 6 investments in China Blockchain startups

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia. Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance, healthcare, supply chain, and consumer goods. Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 214
  • Round size: Seed $1M–$10M; Series A $3.7M–$30M; Venture - Series Unknown $3M–$50M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • ME Group — MetaEra is a one-stop resource aggregator for Web3.0. Meta Era focuses on blockchain and metaverse exploration, pursuing professional, thorough, and reliable information and data.
  • Canopy Network — Canopy is a mesh security architecture and building framework for application developers and platform builders that removes the need for layered designs while ensuring sovereignty. It introduces a recursive blockchain framework that enables autoscaling, allowing a chain to offer and receive security. With this model, Canopy creates a sharedsecurity marketplace powered by capital-efficient re-staking, where validators can opt-in to secure “Nested Chains” using burnable collateral. Nested Chains can start under an umbrella of protection with Day 1 security, then progressively grow into sovereign L0/L1s - all while retaining the flexibility to scale up or down. Furthermore, Canopy's unique design introduces permissionless interoperability with external chains like Ethereum, enabling limitless connectivity with existing ecosystems. With Canopy, developers receive scalability, interoperability, and security without compromise.
  • Chronicle Labs — Chronicle Protocol brings data onchain via decentralized, cost-efficient, verifiable oracles, powering DeFi and RWAs with DeFi and Proof of Asset Oracles.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 5 investments in China Blockchain startups

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 111
  • Round size: Angel $469k–$3.2M; Series A $1M–$22M; Series B $2.8M–$30M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $282M in 2012

Portfolio highlights

  • Ruidiwei — Ruidiwei is a tech enterprise that specializes in the design, development, production, sales, and service of antennas and components in microwave and millimeter-wave frequency bands.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
  • Vistar Optoelectronics — Vistar Optoelectronics is a provider of micro-LED displays that focuses on the research, development, and product implementation of micro-LED.
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IDG Capital
VC Fund · Beijing, Beijing, China · 5 investments in China Blockchain startups, 74 in the past 12 months

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 1340
  • Round size: Seed $600k–$50M; Series A $1.6M–$100M; Series B $6.2M–$110M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • DeepSeek — DeepSeek is an artificial intelligence company that develops language models, AI-powered applications, and developer tools for information processing, problem-solving, and software development. Its product portfolio includes a conversational assistant for answering questions, generating text, explaining concepts, writing code, and supporting analytical tasks. The company provides models such as DeepSeek V4.1 Flash and DeepSeek V4, which support reasoning, programming, and other general-purpose AI applications. Through its API platform, DeepSeek enables developers and businesses to integrate its models into software, automated workflows, and AI-powered services. It also publishes technical research, model documentation, and open-weight model releases that allow developers to explore and deploy supported models in their own environments. DeepSeek's services serve individual users, programmers, researchers, and organizations seeking AI tools for everyday tasks, technical development, and application building.
  • NeuroXess — NeuroXess is an invasive brain-computer interface with high-density flexible brain electrodes aimed at brain research and disease diagnosis.
  • PhotonPay — Founded in 2015, PhotonPay is a digital financial infrastructure provider offering global payment solutions to businesses. Our innovative core products include Global Accounts, Card Issuing, Online Payments, Payouts, FX Management and Embedded Finance. PhotonPay has become a Mastercard issuer in Hong Kong and the fintech card issuer in the GreaterChina region of Discover® Network. With a strong compliance culture and technological innovation capabilities, PhotonPay is building a digital payment network to take the friction out of global payments and enhance operational efficiency for businesses operating on a global scale. Headquartered in Hong Kong and providing localized services through nine international offices, PhotonPay partners with a network of top-tier banks and global financial institutions and serves more than 200,000 customers globally.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 5 investments in China Blockchain startups

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies. Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have gone on to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors. Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

  • Industry: Health Care, Software, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 763
  • Round size: Seed $1.2M–$74M; Series A $2.3M–$52M; Series B $9.5M–$137M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Camera360 — Camera360 is a mobile photo editing and selfie camera app that offers filters, beautification, and creative effects. It uses AI-based features like face detection, skin smoothing, beautification, and auto-enhancement to improve photos. The app also includes AI-powered effects such as makeup filters, portrait retouching, and scene optimization for images.
  • Hefei Keye — Hefei Keye is a private company that specializes in producing various general-purpose mechanical items and vacuum machines. The organization places a high priority on technological innovation and has purchased a variety of cutting-edge tools to satisfy its R&D requirements.
  • Hydrogen Phoenix Technology — Hydrogen Phoenix Technology specializes in the research, development, and industrialization of energy technologies.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Kosmos Ventures
VC Fund · Perth, Western Australia, Australia · 5 investments in China Blockchain startups

Enabling multi-chain future with core infrastructure and innovative dapps

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 111
  • Round size: Seed $1.3M–$9M; Venture - Series Unknown $1M–$62M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • FereAI — An AI agent trades for you, 24 hours a day. It buys, it takes profit, you keep the money. Pick one, fund it, and it starts.
  • Oh — Chat live with uncensored AI girlfriends and digital twins of top creators. Flirty, personalised conversations, voice, and steamy images. Discover your favourite companion on OhChat.
  • Share — From subsea cables to last-mile networks, Share coordinates fragmented infrastructure into a single ecosystem.
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QF Capital
VC Fund · Shenzhen, Guangdong, China · 5 investments in China Blockchain startups

QF Capital is a fund management company that focuses on private equity investments.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 203
  • Round size: Seed $1.4M–$15M; Angel $433k–$2.4M; Series A $1.5M–$20M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
  • Utarn Technology — Utarn Technology is a technology company based on pulsed neural network (third generation artificial intelligence), dedicated to the commercial application of brain-like artificial intelligence technology. Based on pulsed neural network and multi-layer training algorithm logic, Youtan Technology has launched a brain-like learning-type intelligentrobot “Zhi Zunbao” to help people make decisions by simulating the biological brain operation mode, achieving the effect of reducing costs and improving efficiency. Focusing on the field of big entertainment and autonomous driving, Ao Tan Technology has launched the concept of Game Mate and Car Mate series robots.
  • Imison Technology — Imison Technology specializes in providing customized, non-standard, complete automated system solutions designed to meet diverse industrial requirements, improve operational efficiency, and enhance productivity through advanced automation technologies.
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ZhenFund
VC Fund · Beijing, Beijing, China · 5 investments in China Blockchain startups

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. We believe that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 815
  • Round size: Seed $98k–$11M; Angel $425k–$3M; Series A $863k–$22M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • XHEART — XHEART specializes in the designing and development of computing chips for physical AI applications.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 5 investments in China Blockchain startups

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internet sectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

  • Industry: Manufacturing, Software, Artificial Intelligence
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, India

Investor stats

  • Total investments: 635
  • Round size: Seed $1M–$74M; Series A $1.5M–$41M; Series B $8.2M–$55M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Geyuan Technology — Geyuan Technology operates as a cutting-edge brain science technology start-up.
  • Huixi Intelligent — Huixi Intelligent focuses on autonomous driving chips, and its products include chip computing platforms, autonomous driving software solutions, and development tool chains.
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Frees Fund
VC Fund · Beijing, Beijing, China · 4 investments in China Blockchain startups

By adopting revolutionary mechanisms, FREES FUND is devoted to change the long-established rules in the venture capital. By leveraging the cutting-edge technologies and resources, FREES FUND aims at investing in great startups and helping them grow into great enterprises that are valuable to our society. We mainly invest in early-stage startups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

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Investment focus

  • Industry: Artificial Intelligence, Health Care, Medical
  • Stage:Series A, Angel, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 245
  • Round size: Seed $1.4M–$14M; Angel $452k–$10M; Series A $1.6M–$28M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2015

Portfolio highlights

  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
  • Flysound — Flysound is a hearing technology company focused on making advanced AI-powered hearing aids affordable and accessible. Its products combine AI sound processing, Bluetooth connectivity, app-based personalization, and rechargeable convenience. With a focus on innovation, quality, and user-friendly design, Flysound aims to help people hear moreclearly and stay connected to everyday life.
  • Clarify intelligence — Clarify Intelligence is an artificial intelligence technology company focused on the research, development, and deployment of AI-driven software and intelligent solutions. The company specializes in developing foundational AI platforms, application software, and advanced AI algorithms to support a wide range of industry use cases.
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Wanxiang Blockchain
VC Fund · Shanghai, Shanghai, China · 4 investments in China Blockchain startups

Beginning in 2015, China Wanxiang Holding Co., Ltd. started a strategic layout in the blockchain industry, and was deeply engaged in this field ever since. By now Wanxiang Blockchain has already built anecosystem that is consisted of Wanxiang Blockchain Labs, Wanxiang Blockchain Business ConsultingService, New Chainbase, and Wancloud. In early2017, Shanghai Wanxiang BlockchainInc. was formally established. On the basis of further integrating resources and constructing -platforms, they have established a cutting-edge product and technical team to develop industrial solution with blockchain, providing technology, capital and resources to further advance industrial developmentand business adoption in this field.

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Investment focus

  • Industry: Blockchain, Big Data, Data Mining
  • Stage:Seed, Angel, Series A
  • Geography: China, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $12M–$15M; Angel $434k–$436k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • HPOOL — HPOOL specializes in the hard disk mining platform in China that focus on POC mining.
  • Prometheum — Prometheum is the SEC and FINRA regulated market infrastructure that leverages the blockchain for issuance, trading, clearing, settlement, and custody.
  • Magic Oranges — Magic Oranges offers game development and blockchain technology services.
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SIG China (SIG Asia Investments)
VC Fund · Shanghai, Shanghai, China · 4 investments in China Blockchain startups

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China. SAI is a member of the Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research. SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

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Investment focus

  • Industry: Software, E-Commerce, Internet
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 288
  • Round size: Series A $3.1M–$31M; Series B $8M–$53M; Series C $15M–$120M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2009

Portfolio highlights

  • xMEMS — xMEMS drives Edge AI with solid-state MEMS speakers, fan-on-a-chip cooling, and piezoMEMS innovations for next-generation electronics.
  • RapidBox — Rapidbox is ecommerce website for footwear and fashion accessories
  • Kabest Coffee — Kabest Coffee is a beverage manufacturing company that engages in the production and sales of coffee. The company also engages in brand management, wholesale of edible agricultural products, and sales of unprocessed nuts and dried fruits.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Blockchain startups

Shenzhen Capital Group Co., Ltd (“SCGC”) is a limited venture capital company established by the Shenzhen Government in 1999. Since its establishment, SCGC has focused on cultivating national industries, shaping national brands, promoting economic transformation, and emerging industries developing. SCGC has registered capital of 5.42 billion RMB, and a total AUM of 338.99 billion RMB. SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. By the end of April 2019, SCGC ranked the first based on the number of portfolio companies and the number of listed portfolio companies: 994 portfolio companies, investments totaling 43.9 billion RMB, 145 of which have been listed in 16 capital markets worldwide.

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Investment focus

  • Industry: Manufacturing, Health Care, Software
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 688
  • Round size: Seed $1.4M–$29M; Series A $1.6M–$100M; Series B $7.5M–$141M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
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Draper Dragon
VC Fund · San Mateo, California, United States · 4 investments in China Blockchain startups, 6 in the past 12 months

Draper Dragon backs founders building frontier technology. Founded in 2006, part of the Draper network, 130+ portfolio companies including Coinbase, Ledger, Gemini, Anthropic, Oklo, and Polymarket.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, India, China

Investor stats

  • Total investments: 98
  • Round size: Seed $1.5M–$10M; Series A $2M–$25M; Venture - Series Unknown $4M–$11M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: Likely actively investing — fresh fund, raised $75M in 2026

Portfolio highlights

  • mogul club — Mogul is a real estate investment company specializing in crowdfunded commercial property investment and acquisition. Mogul can help you buy rental property and expand your investment portfolio.
  • Spout Finance — Spout Finance is a DeFi lending protocol that allows users to borrow stablecoins by depositing tokenized U.S. stocks and ETFs as collateral. The platform operates at a 50% loan-to-value ratio and charges 0% interest on borrowings. Instead of charging interest, the protocol funds loans and generates lender yield by executing a weekly covered-call options strategy against the collateral pool. All underlying shares are held in segregated custody at a FINRA-registered, SIPC-covered U.S. broker-dealer with on-chain Proof of Reserve verification.
  • Xverse — Xverse is your go-to sovereign onchain bank and Bitcoin wallet. Buy BTC, earn yield, pay with stablecoins, and borrow against your bitcoin. Download on iOS, Android & Chrome.
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OK Blockchain Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 4 investments in China Blockchain startups

OK Blockchain Capital provides fully-integrated blockchain services for extraordinary projects. They provide tailored professional consultation services, advising on how to apply the power of blockchain technology, according to your company’s products or services, and business model.

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Investment focus

  • Industry: Blockchain, Finance, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: China, United States, Malta

Investor stats

  • Total investments: 12
  • Round size: Seed $1.5M–$5.8M; Series A $1.5M–$16M; Venture - Series Unknown $12M–$66M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Autodesk — Autodesk is a leader in 3D design, engineering and entertainment software. We help people imagine, design, and create a better world.
  • Alex — Bring your Bitcoin to Life: launch new projects, earn interest, rewrite finance, reinvent culture.
  • Injective — Explore Injective, the Layer 1 blockchain built for DeFi, tokenization, derivatives, stablecoins, AI finance, and institutional onchain markets.
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Timestamp Capital
VC Fund · Hangzhou, Zhejiang, China · 3 investments in China Blockchain startups

Timestamp Capital is an investment firm.

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Investment focus

  • Industry: Blockchain, Internet, Financial Services
  • Stage:Angel, Venture - Series Unknown, Seed
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Slife — Hangzhou based Blockchain company.
  • Bifrost Global — Bifrost Global is a parachain designed for staking's liquidity.
  • The Blockchainer — The Blockchainer is a multinodal incubator plus specializing in blockchain. They provide one-stop, multi-nodal and strongly synergic services, including investment banking, advisory, PR & marketing, talent acquisition and global business tour, etc.Headquarted in Shanghai, they have built a world-class team of 80 professionals and establishedglobal branches in HK, Korea, Japan, US.
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Waterdrip Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Blockchain startups

Waterdrip capital invests in blockchain industries.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Singapore, United States, China

Investor stats

  • Total investments: 96
  • Round size: Seed $1M–$6M; Pre-Seed $500k–$3M; Venture - Series Unknown $1.5M–$50M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • LNT — LNT provides a Bitcoin Taproot-based token system that allows basic asset creation and transfers with limited available details.
  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • Finch — FinChip is a platform and protocol for turning AI Skills into encrypted, ownable, usable, and tradable on-chain assets.In the current AI ecosystem, many valuable skills are still difficult to own, verify, protect, and monetize. A skill may be a useful workflow, a specialized AI tool, a code package, an API wrapper, a research method, a tradingassistant, a compliance checker, or any other capability that helps users or AI Agents solve real problems.FinChip allows these skills to be packaged as on-chain tokens. Once a Skill is launched as a FinChip, users can acquire it, hold it, access it, use it, and trade it. Creators can protect their Skill content through encryption and earn revenue when users acquire or trade their Skill Tokens.In simple terms:FinChip turns AI Skills into encrypted Skill Tokens that users and AI Agents can own, use, and trade. FinChip is designed for both human users and AI Agents. Human users can use the FinChip website to find, acquire, and use Skills. AI Agents can interact with FinChip through the protocol and CLI, allowing them to discover, acquire, launch, and trade Skills autonomously. This follows the project's core idea that tokens can become APIs, Skills, and assets at the same time.
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Chain Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Blockchain startups

Chain Capital was established in April 2015. The teams covered in Silicon Valley, Toronto, Singapore, Tokyo, Seoul, Moscow, London and Shanghai. The core members are the industry experts from Franklin Templeton Sealand Fund Mangament, Facebook, Qudian, Ogilvy, ShopEx and others. Chain Capital specializes in investing blockchain projects, discover and help the outstanding teams to better use blockchain technology in order to make the world better.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Venture - Series Unknown, Initial Coin Offering
  • Geography: Singapore, United States, China

Investor stats

  • Total investments: 49
  • Round size: Seed $1M–$14M; Initial Coin Offering $5.5M–$80M; Venture - Series Unknown $1M–$44M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • HodlHer — HodlHer.ai is an AI-powered Web3 platform with an emotional AI companion for smarter trading, portfolio management tools and data.
  • Metafyed — Metafyed is a full-service tokenization AI Platform, empowering companies to create a market of their shares through blockchain technology.
  • Kyuzo’s Friends — Kyuzo’s Friends focuses on user growth and player engagement.
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Sparkling StarCapital
VC Fund · Beijing, Beijing, China · 3 investments in China Blockchain startups

Sparking Star Capital is a venture capital firm that invests in blockchain industry.

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Investment focus

  • Industry: Blockchain, FinTech, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China, Belize

Investor stats

  • Total investments: 5
  • Round size: Angel $2M–$15M; Series A $700k–$5M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Haofubao — Haofubao is a multi-chain digital asset management wallet based on blockchain technology. It uses a unique three-level hot and cold wallet separation technology to store the digital assets of users safely. At the same time, the non-networking feature of the cold wallet further eliminates the risk of user asset loss and theft. Users can easilycomplete a series of wallet ecological functions such as asset storage, replenishment, transaction, and red envelope on the platform.
  • Shangbee.com — Beijing Based Fintech Company
  • Tomato Rubik's Cube — Tomato Rubik's Cube is an online rubik's cube teaching platform.
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Dream Chaser Capital
VC Fund · Shenzhen, Guangdong, China · 3 investments in China Blockchain startups

Dream Chaser Capital is an investment firm focused on providing angel investments in China. The firm was founded by Zhu Bo, a Chinese angel investor. The management team has accumulated many years of experience in Internet entrepreneurship and international management, creating a very high return on investment for shareholders and LPs.The firmhas previously established the Mobile Internet Incubation Accelerator “Innovation Valley," the first mobile Internet incubator in Guangzhou and Shenzhen. It also currently operates two mobile Internet incubators and accelerators in Guangzhou and Shenzhen.Dream Chaser Capital has been awarded the “Top 10 Chinese Angel Investment Institutions” and “China's Most Active Angel Investors” by the authorities.

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Investment focus

  • Industry: Internet, Blockchain, Social
  • Stage:Angel, Series A, Seed
  • Geography: China, Singapore

Investor stats

  • Total investments: 17
  • Round size: Angel $242k–$3M; Series A $472k–$5.1M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • 17Beauty — 17Beauty is a Consumer Upgrade Start Up Based in Beijing.
  • Dasudian.com — Dasudian is an artificial intelligence that the internet of things is using to change the way products are designed, manufactured, delivered, and serviced. Their products include all predictive data sciences but also features like the IoT data hub for massive data aggregation and device interactions, among others.
  • Jieshang Health — Jieshang Health specializes in Ai moxa inhalation and wormwood moxibustion for cigarette products to control smoking.
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Sky9 Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Blockchain startups, 13 in the past 12 months

Sky9 Capital is a leading venture capital fund dedicated to supporting disruptive technologies and outstanding innovators to drive change and create positive impact for the society, environment and individual lives.

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Investment focus

  • Industry: Software, Blockchain, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 164
  • Round size: Seed $2M–$30M; Series A $10M–$31M; Series B $12M–$100M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • Flova Tech — Flova is an all-in-one AI video generator for creating cinematic videos. Its AI video agent turns your ideas into videos, audio, consistent characters, and editable footage.
  • Yuzhou Technology — Yuzhou Technology is focused on developing a global AI-powered video creation platform. Conversational agent technology automates the whole production process, from concept and scriptwriting to storyboarding and final cut, with a particular focus on addressing issues in narrative coherence and character consistency.
  • Blue Pivot Energy Technology — Blue Pivot Energy Technology is a nuclear energy technology company focused on the independent development and commercialization of integrated water-cooled small modular reactors (SMRs).
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Ledger Capital
VC Fund · Huangpu, Shanghai, China · 3 investments in China Blockchain startups

Ledger Capital is a financial services and investment firm focused on digital assets and blockchain

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Bitcoin
  • Stage:Seed, Series A, Angel
  • Geography: China, Canada, Austria

Investor stats

  • Total investments: 13
  • Round size: Seed $1.5M–$4M; Series A $4.4M–$25M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NexGami — NexGami is a gamefi platform that empowers the next generation of players by reshaping the gaming landscape.
  • PayGo — PayGo is a financial technology platform built for the machine-to-machine economy, allowing artificial intelligence (AI) agents and software tools to pay each other instantly.
  • Zulu Network — Zulu Network is the first DePin-focused Bitcoin Layer 2 to achieve the tokenization of computing power, allowing anyone to power DePIN innovation and earn Bitcoin.
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Milestone
VC Fund · Shanghai, Shanghai, China · 3 investments in China Blockchain startups

Milestone Investment Management is a principal investment firm. Junjun Sun founded it in 2011, with its headquarters in Shanghai in China.

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Investment focus

  • Industry: Information Technology, Software, Blockchain
  • Stage:Seed, Series A, Series B
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 21
  • Round size: Seed $1.4M–$2.9M; Series A $1.5M–$15M; Series B $7.2M–$16M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Amber Group — We are a global digital finance leader, empowering clients with innovative solutions like wealth management, asset management and liquidity provision. Through pioneering tech and regulatory expertise, we help organisations and individuals shape the future of digital assets.
  • YouWorld — YouWorld's Fintech solution helps retailers reach global shoppers and accept payments from global wallets with no integration or store training needed.
  • Sobot — Sobot offers contact center solutions, including both customer service and marketing. The product range includes AI Chatbot, Live Chat, Voice, Ticketing, WhatsApp Business API, etc. Sobot commits to delivering an omnichannel and intelligent solution, ensuring seamless customer interactions across various channels. Sobot won many notable clientssuch as Samsung, OPPO, DFS, Philips, J&T, and Air Liquide. It has established strong and strategic partnerships with AWS Cloud, Alibaba Cloud, Meta, Salesforce, etc.Sobot wants to empower clients' business to achieve better customer experience and higher satisfaction. Through providing cutting-edge solutions, Sobot aims to create enormous values for enterprises or organizations to delight their customers and meanwhile increase their business performance.
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 3 investments in China Blockchain startups, 17 in the past 12 months

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market. It is formerly known as Innovation Works.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 426
  • Round size: Seed $882k–$14M; Series A $1.6M–$28M; Series B $3M–$74M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • Hemu Intelligent — Hemu Intelligent is an early-stage Industrial AI startup focused on mold physical AI, manufacturing semantic computing, and industrial application. By leveraging deep learning on mechanical drawings and digitizing the experiential workflows of master technicians, the company builds an "AI Craft Brain".
  • Yuanshi Technology — Yuanshi Technology concentrates on the study and advancement of AI virtual cell technology.
  • Ruilian Intelligent Computing — Ruilian Zhisuan is an AI computing infrastructure innovator that provides integrated hardware software solutions. Modeled after Google's Jupiter optoelectronic architecture, it features full stack OCS scheduling to replace traditional electronic switches with optical routing. This core technology drastically minimizes network latency andsystem power consumption for advanced AI calculation networks.
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Innoangel Fund
VC Fund · Beijing, Beijing, China · 3 investments in China Blockchain startups, 67 in the past 12 months

Innoangel Fund is an investment firm that invests in early stage companies.

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Investment focus

  • Industry: Artificial Intelligence, Manufacturing, Robotics
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 317
  • Round size: Seed $452k–$29M; Angel $425k–$14M; Series A $1.5M–$28M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Isabers — Isabers is a provider of advanced semiconductor integration technology and products, which can achieve inter-generational fusion of semiconductor materials and advanced packaging and can effectively solve the pain points of low yield, high cost, and limited performance of advanced semiconductor materials or devices, thus accelerating thedevelopment of the domestic semiconductor industry and quickly seizing the strategic high ground of international market competition.
  • Sichuan All-Solid-State — Sichuan All-Solid-State is a company that includes research and development of novel material technologies, manufacturing of special electronic materials, and technological development.
  • Super Evolution Intelligence — Super Evolution Intelligence focuses on developing fundamental research models equipped with advanced meta-research capabilities, enabling them to analyze existing scientific knowledge, identify research gaps, formulate novel hypotheses, and autonomously explore complex problems.
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BlockVC
VC Fund · Beijing, Beijing, China · 3 investments in China Blockchain startups

BlockVC.com is a dynamic domain name brimming with innovation and potential. The word block conveys strength, security, and stability, perfect for a variety of startups in the blockchain or cryptocurrency sectors. The abbreviation VC signif

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Investment focus

  • Industry: Blockchain, Internet, Software
  • Stage:Venture - Series Unknown, Seed, Corporate Round
  • Geography: Singapore, United States, China

Investor stats

  • Total investments: 38
  • Round size: Seed $250k–$14M; Venture - Series Unknown $2M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Litentry — This is a place where Litentry developers and users can discuss anything related to Litentry
  • CERE Network — Cere Network is a blockchain CRM ecosystem platform optimized for service data integration and collaboration. The Cere Blockchain solutions capture the entire customer journey on the blockchain and stores key user data such as purchases, achievements, and usage in the user wallet.
  • Autonomous Worlds Engine — Autonomous Worlds are dynamic persistent environments where AI Agents can collaborate and adapt to solve complex problems.
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Daocin Capital
VC Fund · Hangzhou, Zhejiang, China · 3 investments in China Blockchain startups

Daocin Capital is an early equity investment firm that focuses on early projects on new retail, internet of things, financial technology, new entertainment, Artificial intelligence, blockchain ecology and other fields. The company, Daosheng Capital, won the 2016 Top 20 China Equity Investing Institutions and the 2017 China Equity Investing Agency. Qiang, 2018 China's top 30 investment institutions; won the 2017 "Golden Man Award" Hangzhou's top ten investment institutions, 2018 "Golden Mang Award" Hangzhou's top ten investment institutions. Daosheng Capital was registered as a private equity fund manager in China.

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Investment focus

  • Industry: Robotics, E-Commerce, Enterprise
  • Stage:Angel, Series A, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 56
  • Round size: Seed $1.4M–$5.8M; Angel $425k–$1.5M; Series A $1.4M–$16M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Gosion Robot — Guoxun Robot is a developer of industrial safety inspection robots.
  • Senv Intelligent — Senv Intelligent is a high-tech enterprise specializing in the research and development of intelligent sensing systems, dedicated to delivering advanced sensor technologies and smart perception solutions that support automation, real-time monitoring, data-driven decision-making, and the development of next-generation intelligent industries.
  • Shuangpai Robotics — Shuangpai Robotics integrates R&D, Production and sales of age-friendly intelligent devices.
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Collinstar Capital
VC Fund · Melbourne, Victoria, Australia · 3 investments in China Blockchain startups

CollinStar is an asset management company with full-set, specializing in blockchain infrastructure, digital currency investment and relevant consulting services.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Corporate Round, Angel
  • Geography: China, United States, Malta

Investor stats

  • Total investments: 18
  • Round size: Seed $3.7M–$15M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • L2Y — L2Y wants to provide a GameFi Analytics and Trading Platform for P2E gamers to track data in one place. It integrates various Web 3.0 metaverse data into one platform so that users are informed of everything they need to know about GameFi. It also allows for relationships to be built in one place with guilds, game developers, players, tokenholders,and traders. Users can now effectively screen out high-quality projects and best-return GameFi opportunities.
  • MetaVisa — MetaVisa is a Layer 3 Middleware Protocol that provides a metaverse credit system based on blockchain data. MetaVisa Protocol helps users to establish and display reliable on-chain identity & credit records.
  • Bagels Finance — Trade smarter with Bitsgap, a seamless crypto trading platform with portfolio management, bot trading, and all exchange features under one roof.
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Yunshan Capital Partners
VC Fund · Xuhui, Shanghai, China · 3 investments in China Blockchain startups

Yunshan Capital Partners focuses on early-stage, angel round and development stage investment in innovative technology enterprises.

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Investment focus

  • Industry: Blockchain, Health Care, Manufacturing
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • KOOBANK China — KOOBANK is a Blockchain Start Up Based In China.
  • Bella Protocol — Bella Defi suite allows users to simply deposit and enjoy high yield from sophisticated arbitrage strategies, either on-chain or via custodian service.
  • Jieshang Health — Jieshang Health specializes in Ai moxa inhalation and wormwood moxibustion for cigarette products to control smoking.
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Arrington XRP Capital
VC Fund · Seattle, Washington, United States · 2 investments in China Blockchain startups

Arrington Capital is a thesis-driven firm investing in digital assets and Web3 since 2017

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, South Korea

Investor stats

  • Total investments: 136
  • Round size: Seed $2M–$8.7M; Series A $5M–$35M; Venture - Series Unknown $1.8M–$30M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • Portal to Bitcoin — The only custody-less interoperability protocol for Bitcoin. Swap native BTC, Ordinals, Runes with L2s and L1s
  • ether.fi — EtherFi is a non-custodial decentralized ETH staking method that distributes staking to node operators in exchange for rewards.
  • Azuro — Azuro is a global decentralized betting protocol, utilizing smart-contracts to bring full transparency to the betting process and to deliver a classic betting experience with plentiful markets & liquidity and funky innovations like collectible bets and gamification via NFTs
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Imagination Fund
VC Fund · 2 investments in China Blockchain startups

Imagination Fund is an investment fund.

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Investment focus

  • Industry: Blockchain, FinTech, Finance
  • Stage:Seed, Angel, Corporate Round
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • G-Wave — G-Wave is a blockchain financial technology company that provides digital asset trading services.
  • Shangbee.com — Beijing Based Fintech Company
  • Zhikang Chain — Zhikang Chain is a leading company in the field of blockchain technology.
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Hyper Fund
VC Fund · Mong Kok, Kowloon, Hong Kong · 2 investments in China Blockchain startups

Hyper Fund provides seed funding for startups. Seed funding is the earliest stage of venture funding. Hyper Fund manages investments in firms leveraging blockchain technology, looks for tokens that have high community demand and innovations to digital currency technology across the globe.

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Investment focus

  • Industry: Blockchain
  • Stage:Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Fangqiu — Fangqiu is a blockchain company.
  • TACChain — TACChain is a Beijing based blockchain start up.
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Albatross Venture
VC Fund · Beijing, Beijing, China · 2 investments in China Blockchain startups

The albatross is a large seabird with a length of one meter and three meters of wings. It soars all day long and rises up. When the wind is down, the sea that glides over the stormy sea glides with the wind. When it is against the wind, it runs on the edge of the cliff and goes straight to the sky. No matter the change of the situation, it can "beyond the leisurely walk" in the wind and waves. Our team has an albatross's high morale, struggling in a market that is frightened and violent, and looking for opportunities in the calm. We believe that only by welcoming the wind and the waves can we make our faith to the extreme.

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Investment focus

  • Industry: Software, SaaS, Financial Services
  • Stage:Series A, Seed, Angel
  • Geography: China, Singapore, South Korea

Investor stats

  • Total investments: 47
  • Round size: Seed $425k–$4.3M; Angel $472k–$1.5M; Series A $1.6M–$4.2M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2018

Portfolio highlights

  • Treasurer Cube — Siku Lifang is a platform that provides an integrated solution for smart enterprise money management services based on the SaaS model. It integrates mobile internet, cloud technology, enterprise financial service resources, and hardware encryption across borders to help enterprises solve problems in fund management and capital utilization. At thesame time, it can provide implementation services, consulting services, training services, and agency services. For corporate capital outflows, the Treasurer hopes to establish a corporate “super online banking”. At present, it has integrated more than 60 banks across the country and more than 20 regulatory lines to solve the problem of online payment of corporate accounts. Without the need for a bank online banking shield, enterprises can pay for online payment approval on the APP to achieve interoperability between banks and enterprises. The Treasurer also docked the procurement platform to facilitate corporate consumption and help the procurement platform to conduct diversion.
  • Hydrogen New Technology — Hydrogen New Technology is a technology company engaged in the miniaturization technology and industrialization of high-temperature proton exchange membrane fuel cells
  • China Carbon Measurement — China Carbon Measurement develops an MRV-based worldwide equitable WDTs carbon measurement methodology. It provides services to maritime transportation, thermal power plants, building materials and chemicals, papermaking, steel, forestry and photovoltaic new energy enterprises.
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Transference Fund
VC Fund · Shanghai, Shanghai, China · 2 investments in China Blockchain startups

Transference Fund is an investment firm.

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Investment focus

  • Industry: Blockchain, Finance, Real Time
  • Stage:Seed, Series A
  • Geography: China, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yuyan — Yuyan is a blockchain-based community prediction market that uses a real-time information aggregation mechanism.
  • Xcong.com — Xcong.com is a comprehensive information service provider in the field of digital currency and blockchain.
  • VENA Network — Discover budget-friendly domestic and international tour packages with Travizia Tours. From Kashmir to Dubai, book your dream vacation with the best deals.
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Legend Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Blockchain startups

Legend Capital, a subsidiary of Legend Holdings Ltd., started its vintage year in April, 2001 with a mission to become a top-notch and the most respected venture capital investment manager in China. Managing up to US$700 million across four funds, Legend Capital focuses on driving high-growth ventures with operations substantially based in China or on markets related to China. Legend Capital mainly invests in early stage IT companies, specifically, in sectors of network applications and services, outsourcing and professional services, Infrastructure (IC design/key components), and mid-market growth stage companies in the fields of consumer goods, clean technology, health care, equipment manufacturing and modern services. Among over 60 portfolio companies are Joyo.com (acquired by Amazon.com), SinoCom (0299.HK), Solarfun Power (Nasdaq: SOLF), Spreadtrum Communications (Nasdaq: SPRD), China Sunshine Paper (2002.HK), and VanceInfo (NYSE:VIT), Eyang (0117.HK), etc. As an active investor, Legend Capital provides its portfolio companies extensive business resources and tailored services to assist with business development, company image building, and other critical company building activities on Chinese market so as to add value and maximize returns. Legend Capital is proud and thankful that it has the opportunity to blaze a trail with its innovative practice for China's venture capital industry.

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Investment focus

  • Industry: Health Care, Medical, Biotechnology
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, South Korea

Investor stats

  • Total investments: 543
  • Round size: Series A $1.6M–$74M; Series B $12M–$107M; Series C $15M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $177M in 2021

Portfolio highlights

  • Z.ai — Z.ai develops artificial intelligence models and services built upon large-scale pretrained architectures. The company offers ChatGLM, a dialogue-focused language model series designed for smooth conversation and easy integration. It also provides Ying, a text-to-video model capable of generating short video clips from text or images, and AutoGLM,a voice-driven AI agent that performs smartphone tasks based on complex user instructions. Z.ai supports integration through an API platform and offers migration assistance for developers moving from other AI ecosystems. The company’s technology stems from research at Tsinghua University’s KEG lab and emphasizes general-purpose cognitive intelligence models.
  • Huixin Bio — Huixin Bio is a developer of exosome purification products and early cancer detection technology.
  • Fengxun Biotech — Nantong Fengxun Bio is a medical testing service provider. Its primary business focus is on testing services, cell technology research and development, and human stem cell technology development and application, among other things.
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Huobi Eco
VC Fund · Beijing, Beijing, China · 2 investments in China Blockchain startups

Huobi Eco is an investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Finance
  • Stage:Seed, Series A, Corporate Round
  • Geography: China, Singapore, Japan

Investor stats

  • Total investments: 10
  • Round size: Seed $1.2M–$5M; Series A $1.5M–$51M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • MetaOne — Copy the exact CS2 crosshairs and share codes the best players use. Plus a free crosshair generator and aim trainer.
  • Optix — Optix is ​​a multi-chain option protocol service provider.
  • BovineVerse — BovineVerse is a Korean Metaverse chain game and sports guessing platform developer.
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Multicoin Capital
VC Fund · Austin, Texas, United States · 2 investments in China Blockchain startups, 10 in the past 12 months

Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 204
  • Round size: Seed $1.5M–$16M; Series A $8M–$72M; Venture - Series Unknown $5M–$40M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $430M in 2022

Portfolio highlights

  • Coverd, Inc. — Play the arcade, rip real packs, spend with the Rich Card. One Coverd account for all of it.
  • Grass — Grass turns the unused part of your internet into rewards. Just download the app, let it run in the background, and start earning.
  • Birch Hill Holdings — An institutional digital asset infrastructure firm focused on onchain lending and tokenized asset markets.
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CMB International Capital Corporation
VC Fund · Central, Hong Kong Island, Hong Kong · 2 investments in China Blockchain startups, 24 in the past 12 months

CMB International Capital Corporation is an investment banking firm that offers comprehensive professional services and financial advisory services. It provides mergers and acquisitions, initial public offering, equity underwriting, company restructuring, project financing, and business consulting services. CMB International Capital Corporation provides corporate finance, asset management, wealth management and securities brokerage services. Additionally, it offers debt financing and transaction advisory services, placement of shares and refinancing for listed companies. CMB International Capital Corporation’s clientele include institutional, corporate and individual customers both domestic and overseas. It began operation in 1987, with its headquarters in Central in Hong Kong as a subsidiary of China Merchants Bank.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Health Care
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 150
  • Round size: Series A $13M–$142M; Series B $15M–$224M; Series C $35M–$250M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Zhongke lon — Zhongke lon engages in the R&D and manufacturing of high-end medical devices such as proton therapy equipment. It is committed to providing full-cycle solutions for the construction and operation of proton therapy centers and creating nuclear technology applications and medical equipment. The company was established in 2016 and is headquartered in Hefei, Anhui, China.
  • Megawave Fusion — Megawave Fusion focuses on high-power radio frequency transmitters, high-voltage power supplies.
  • Raysolve — Founded in 2019, Raysolve is dedicated to the R&D of Micro-LED micro-display technology, in particular chip architecture, fabrication processes and the development of single-chip, full-color technology. The core team stemmed from the Hong Kong University of Science and Technology (HKUST) with decades of experience in the design andmanufacturing of cutting-edge microchips. The team announced the world’s first single-chip full-color Micro-LED micro-display in Silicon Valley in 2019.
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Manzi Fund
VC Fund · Zhuhai, Guangdong, China · 2 investments in China Blockchain startups

Manzi Fund is an angel fund.

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Investment focus

  • Industry: FinTech, Software, Analytics
  • Stage:Angel, Seed, Pre-Seed
  • Geography: China, United States

Investor stats

  • Total investments: 9
  • Round size: Angel $742k–$3M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • BiUP — BiUP is a currency exchange platform.
  • TODO BLOCK — TODO BLOCK is a management consulting and financing support service company in the blockchain sector.
  • Sports-Track — Sports-Track is a Enterprise services company.
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Access Ventures
VC Fund · Louisville, Kentucky, United States · 2 investments in China Blockchain startups

Explore how Access Ventures leverages catalytic capital to drive economic prosperity, social equity, and environmental sustainability in communities.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, South Korea, China

Investor stats

  • Total investments: 71
  • Round size: Seed $100k–$12M; Pre-Seed $100k–$100k; Series A $3M–$13M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Staffinc — Staffinc Group menyediakan solusi tenaga kerja terlengkap untuk bisnis, mulai dari manpower, BPO, sistem HRIS, hingga layanan pendukung operasional lainnya
  • Rhome — Rhome is co-ownership, taken seriously. Buy a home with 2 to 4 co-owners, 3.5% down through FHA, split among you. Real equity on one deed, from the first payment.
  • RADICL Defense — RADICL cyber threat and compliance virtual SOC gives small-to-mediuam sized businesses access to enterprise-grade cybersecurity.
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JLAB | JD capital
VC Fund · Beijing, Beijing, China · 2 investments in China Blockchain startups

Founded in 2007, JD Capital (九鼎投资600053.SH) is the only publicly traded Private Equity Group on a major stock exchange in China. With $9 Billion AUM, JD Capital has invested in more than 400 companies, including 150 publicly traded portfolios. LPs of JD Capital including Temasek Holdings, AllStates, Allianz, BMW Group, Citic Securities, Nationalnature sciene foundation of China, and other state-owned companies and funds. JD Group is one of the few financial group with banking, securities exchange and insurance license. JLAB Fund is the blockchain and cryptocurrency arm of JD Capital. With a team of 30 globally, JLAB has invested in over 50 blockchain companies such as exchanges, media, wallets, infrastructure and Dapps. Portfolio companies including Ontology, Aelf, Metadium, Aergo, MobileCoin, Thunder Token, Ankr, MyToken, KCash, Oasis, Cocos, China.com.cn, CoinVoice, etc.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Venture - Series Unknown, Corporate Round
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 14
  • Round size: Seed $1M–$1M; Venture - Series Unknown $12M–$30M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BUMO — Ubiquitous Trust Network for Next-generation Value Transfer
  • JOYSO — JOYSO is the first hybrid decentralized exchange that combines centralize and decentralize applications and leverages Smart Contracts. The Technology is made to ensure security and efficiency for users. No registrations required for trading!
  • CoinTiger — CoinTiger.com is a global crypto-currency trading platform, which is co-founded by SINGAPORE TAI-E CYBER-TECH PTE.LTD...
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Polychain
VC Fund · San Francisco, California, United States · 2 investments in China Blockchain startups

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committed to exceptional returns for investors through actively managed portfolios of these blockchain assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 373
  • Round size: Seed $1.5M–$13M; Series A $6.5M–$30M; Venture - Series Unknown $5M–$45M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2026

Portfolio highlights

  • Multiliquid — Multiliquid connects regulated real-world assets and institutional capital providers through one unified integration layer.
  • M0 —
  • Crusoe — Crusoe provides next-gen AI infrastructure and cloud compute using an energy-first approach. Deploy AI workloads at scale with reliable performance and 24/7 support.
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Kunlun Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in China Blockchain startups

Kunlun Capital is a value-oriented and fundamentally driven family office. We do not manage external funds.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 16
  • Round size: Seed $20M–$31M; Series A $19M–$40M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Ningbo Shanshan — Ningbo Shanshan engaged in the research and development, manufacture and distribution of lithium battery materials.
  • CellOrigin Biotech — CellOrigin Biotech is a company committed to iPSC-derived innate immune cell therapeutics.
  • HuidaGene Therapeutics — Hui-Gene is focused on R&D for single-gene disorders and has developed pilot pipes in neurodegenerative diseases.
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FBG Capital
VC Fund · Beijing, Beijing, China · 2 investments in China Blockchain startups

FBG Capital is a digital asset management firm in blockchain-based capital market.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Initial Coin Offering
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 117
  • Round size: Seed $1.2M–$11M; Series A $6M–$50M; Initial Coin Offering $1M–$37M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • HashPower — HashPower is revolutionizing the mining industry by bringing traditional operations on-chain. Join us in making crypto mining accessible for everyone.
  • Inferix Labs — Decentralized GPU infrastructure for Visual Computing and AI
  • Masa — Welcome to the Masa Fair AI Universe. Get real-time data, become a miner and earn rewards.
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HSG
VC Fund · Beijing, Beijing, China · 2 investments in China Blockchain startups

We help founders build enduring companies.

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Investment focus

  • Industry: Health Care, Biotechnology, Artificial Intelligence
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 751
  • Round size: Series A $4.4M–$100M; Series B $12M–$200M; Series C $28M–$200M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • MarqVision — Effortlessly discover and remove counterfeits to protect your sales and reputation.
  • Midas — Midas is the first neobroker of Turkey, providing zero commission Turkish and American stocks.
  • Yunzhou Zhiwei — Yunzhou Zhiwei is a high-tech startup focused on serving large-scale equipment maintenance industries such as aviation, aerospace, shipbuilding, and rail transit. It leverages smart maintenance concepts and advanced digital technologies to make complex equipment maintenance more efficient and lean. The company drives industrial transformationtoward intelligent maintenance, helping enterprises enhance growth, efficiency, and operational excellence.
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Blockchain VC funding in China at a glance

Stats across 396 deals from 587 investors.

587
investors
in China Blockchain startups
396
deals
in China Blockchain startups
$2.9M
median round
in China Blockchain startups
34%
lead investors
lead at least one round
24%
Angel
most common funding stage

Access all 587 VC funds in China Blockchain startups.

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