Fenbushi Capital
VC Fund
Shanghai, China
Fenbushi Capital is a VC fund in Shanghai focused on Blockchain and Cryptocurrency. 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.
- Total investments:
- 212
- Last investment:
- Lead investor:
- 13%
Last updated:
For AI agents: llms.txt
Industries Fenbushi Capital invests in
Stages Fenbushi Capital invests in
Countries Fenbushi Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 9 contacts → | |||
Round size
- Seed
- $1M–$10M
- Series A
- $3.7M–$30M
- Venture - Series Unknown
- $3M–$50M
Investment Focus
Industry
- Blockchain 105 (50%)
- Cryptocurrency 57 (27%)
- Software 40 (19%)
- FinTech 37 (17%)
- Financial Services 34 (16%)
Stage
- Seed 83 (39%)
- Series A 41 (19%)
- Venture - Series Unknown 23 (11%)
- Initial Coin Offering 15 (7%)
- Funding Round 10 (5%)
Country
- United States 80 (38%)
- Singapore 21 (10%)
- China 11 (5%)
- United Kingdom 8 (4%)
- Switzerland 7 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Feng Xiao
General Partner
|
General Partner | Total investments: 1 | Find email | |
Bella Zhang
Investment Manager
|
Investment Manager | Total investments: 0 | Find email | |
Bo Shen
Founding/Managing Partner
|
Founding/Managing Partner | Total investments: 13 | Find email | |
|
Clarence Zhou
Investment Director
|
Investment Director | Total investments: 0 | Find email | |
|
Kobby Chen
Investment Director
|
Investment Director | Total investments: 0 | Find email | |
| See all 9 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| 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. | $8.5M / Seed / Jun 25, 2026 | ||
| 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. | Seed / Apr 08, 2025 | ||
| Evolving from the Oracle Core Unit at MakerDAO, Chronicle Protocol was created by the unit’s development team. Although the Oracles that underpinned Chronicle Protocol had been securing MakerDAO’s $10B+ collateral since 2016, the technology and its unique innovations weren’t available outside of Maker’s portfolio.In 2021, the team receivedsupport from MakerDAO to spin out the proprietary technology and form a new entity and brand. Chronicle Protocol was born.Chronicle continues to service MakerDAO and now, for the first time, is rolling out its on-chain Oracle services to support the wider Web3 world.Chronicle Protocol has been developed to solve many of the current pain points of on-chain Oracles and DeFi. On-chain Oracles, particularly on computationally expensive blockchains such as Ethereum, are bottlenecking the development of DeFi with an exorbitant cost of service and a lack of feasible scalability. Through developing a proprietary solution called Scribe, the team at Chronicle has built a blockchain-agnostic, ubiquitously accessible, scalable, end-to-end verifiable, and decentralized Oracle. The protocol’s unique architecture enables an ecosystem that delivers 100% decentralization and transparency. Every byte of data can be traced back to each Feed’s original data source queries, and new Oracles can be deployed (and updated) with the click of a button on the Chronicle Dashboard.Inspired by Ancient Greece’s Herodotus (the Father of History), Chronicle Protocol aims to be the world’s first open and verifiable data chronicler. Transparency, democracy, and accessibility are the columns on which Chronicle has built its temple, and industry-leading scalability, integration, and security are the features that power the protocol.Verifiable data, accessible to all - delivered securely and affordably. | $12M / Seed / Mar 25, 2025 | ||
| Irreducible is an Enterprise Grade Zero-Knowledge Proof Acceleration Platform supporting web3 technologies. | $24M / Series A / Jan 30, 2025 | ||
| WalletConnect is an open source standard for connecting desktop Dapps to mobile Wallets using end-to-end encryption by scanning a QR code. It is a simple infrastructure that can be setup by any developer. Using a Bridge server to relay the messages without having access to any of its contents. The contents are encrypted using the session datashared by the QR code between the desktop and mobile. | $13M / Series B / Jan 14, 2025 | ||
| FLock enables decentralised and privacy-preserving machine learning, coordinated by smart contractsWe work to make user data collection obsolete, and widespread governance participation guaranteed by codewe propose to use distributed ledger technology (DLT) to achieve FLock, a secure and reliable decentralized {F}ederated {L}earning systembuilt on B{lock}chain.Or, in plain words, we build TensorFlow Federated (TFF) for Web 3.0 | $3M / Venture - Series Unknown / Dec 19, 2024 | ||
| Semantic Layer improves incentive alignment in dApps, enabling MEV internationalization and sequencing sovereignty. | $3M / Seed / Oct 08, 2024 | ||
| Huma is an Income backed DeFi. | $10M / Venture - Series Unknown / Sep 11, 2024 | ||
| Snake Lite is a classic arcade snake game with a competitive edge and offers offline and online play. It is designed for smooth controls and fast performance. | Seed / Aug 28, 2024 | ||
| Morpho is an on-chain peer-to-peer layer on top of lending pools. Rates are seamlessly improved for borrowers and lenders while preserving the same guarantees. Morpho combines the efficiency of P2P with the liquidity of lending pools. Users enjoy an improved APY while maintaining the pool’s flexibility | $50M / Venture - Series Unknown / Aug 01, 2024 | ||
| See all 212 investments → | |||
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FAQ
What does Fenbushi Capital invest in?
Fenbushi Capital invests primarily in Blockchain, Cryptocurrency and Software startups, most often at Seed and Series A stage. Most of the 212 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 Fenbushi Capital's check size?
Fenbushi Capital typically joins rounds of $1M–$10M at Seed, $3.7M–$30M at Series A and $3M–$50M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Fenbushi Capital participates in.
How do I contact Fenbushi Capital?
Public channels for Fenbushi Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Fenbushi Capital?
The team at Fenbushi Capital includes Feng Xiao (General Partner), Bella Zhang (Investment Manager) and Bo Shen (Founding/Managing Partner), among 9 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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