# Cecilia Li

> Cecilia Li is a seed investor at Formless Capital backing Blockchain and Cryptocurrency. See 9 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Formless Capital](https://shizune.co/investors/profile/formless-capital)
- Location: San Francisco, United States
- Total investments: 9
- Last investment: Aug 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/cecilialiglobal/
- X (Twitter): https://twitter.com/Cecilia_liCC
- Website: https://x.com/Cecilia_liCC

Cecilia Li is a seed investor at Formless Capital in San Francisco focused on Blockchain and Cryptocurrency. Cecilia Li is the founder of Formless Capital and she attended Aix-Marseille University and Academy of Art University

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.3M–$4.5M |
| Pre-Seed | $1.8M–$1.8M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 3 | 33% |
| Cryptocurrency | 2 | 22% |
| Gaming | 1 | 11% |
| Internet | 1 | 11% |
| Software | 1 | 11% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 33% |
| Pre-Seed | 1 | 11% |
| Series A | 1 | 11% |
| Initial Coin Offering | 1 | 11% |
| Venture - Series Unknown | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 33% |
| Vietnam | 1 | 11% |
| Singapore | 1 | 11% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ARC the Community | ARC is an app-based NFT membership private platform designed as a social space on which to connect and collaborate. ARC aims to bring together people into a high-trust environment to create collaborations and fun, engaging experiences together. | $4.5M | Seed | Aug 20, 2024 |  |
| Affine | Alpine is a Web3 protocol and dApp that helps users automate their savings and grow their crypto holdings by getting rid of high fees and complexity. | $1.8M | Pre-Seed | Feb 16, 2022 |  |
| Affine | Alpine is a Web3 protocol and dApp that helps users automate their savings and grow their crypto holdings by getting rid of high fees and complexity. | $1.8M | Pre-Seed | Feb 16, 2022 |  |
| Whydah | Whydah is a company applying block-chain for studio games. | $25M | Venture - Series Unknown | Dec 07, 2021 |  |
| Concept Art House | Concept Art House powers Web3 projects for the biggest brands and IP in the World. | $25M | Series A | Oct 19, 2021 |  |
| Numio | Numio is building the decentralized, hybrid infrastructure that is needed to reach the unbanked in any part of the world. | $1.3M | Seed | Jul 15, 2021 |  |
| Splinterlands | Splinterlands is a decentralized, digital collectible trading card game built on blockchain technology. It was founded in 2018 and is based in Media, Pennsylvania. | $3.6M | Initial Coin Offering | May 27, 2021 |  |
| Splinterlands | Splinterlands is a decentralized, digital collectible trading card game built on blockchain technology. It was founded in 2018 and is based in Media, Pennsylvania. | $3.6M | Initial Coin Offering | May 27, 2021 |  |
| Splinterlands | Splinterlands is a decentralized, digital collectible trading card game built on blockchain technology. It was founded in 2018 and is based in Media, Pennsylvania. |  | Seed | May 27, 2021 |  |

9 of 9 investments shown.

## Co-investors
- [Shima Capital](https://shizune.co/investors/profile/shima-capital) — VC Fund, 4 deals together
- [Youbi Capital](https://shizune.co/investors/profile/youbi-capital) — VC Fund, 4 deals together
- [Animoca Brands](https://shizune.co/investors/profile/animoca-brands-corporation) — VC Fund, 3 deals together
- [AppWorks](https://shizune.co/investors/profile/appworks-ventures) — VC Fund, 3 deals together
- [Blockchain Founders Fund](https://shizune.co/investors/profile/blockchain-founders-fund) — VC Fund, 3 deals together
- [Enjin](https://shizune.co/investors/profile/enjin) — VC Fund, 3 deals together

## About Formless Capital

VC Fund · San Francisco, United States

Formless Capital is a cross-border investment fund that invests in the future of blockchain and technologies.

1 contacts available at Formless Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Cecilia Li | Founder | https://shizune.co/investors/profile/cecilia-li |

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## FAQ

### What does Cecilia Li invest in?

Cecilia Li invests primarily in Blockchain, Cryptocurrency and Gaming startups, most often at Seed and Pre-Seed stage. Most of the 9 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Cecilia Li's check size?

Cecilia Li typically joins rounds of $1.3M–$4.5M at Seed and $1.8M–$1.8M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Cecilia Li participates in.

### When did Cecilia Li last invest?

The most recent investment recorded for Cecilia Li closed in Aug 2024. Shizune tracks 9 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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