# Fundamental Labs

> Fundamental Labs is a VC fund backing Blockchain and Cryptocurrency. See 98 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Shanghai, China
- Total investments: 98
- Last investment: Sep 2025
- Lead investor: 12%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/fundamental-labs
- X (Twitter): https://twitter.com/FundamentalLabs
- Website: http://www.fundamentallabs.com/

Fundamental Labs is a VC fund in Shanghai focused on Blockchain and Cryptocurrency. A Web3 specialized VC fund, investing in the fundamental innovations that reshape the economy and the society.

## Contacts

5 contacts available for Fundamental Labs. Shizune tracks 2 team members at Fundamental Labs. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/fundamental-labs?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2M–$18M |
| Initial Coin Offering | $9M–$250M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 48 | 49% |
| Cryptocurrency | 23 | 23% |
| Information Technology | 23 | 23% |
| Software | 21 | 21% |
| Gaming | 10 | 10% |

74 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 39 | 40% |
| Initial Coin Offering | 20 | 20% |
| Funding Round | 12 | 12% |
| Series A | 8 | 8% |
| Venture - Series Unknown | 4 | 4% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Singapore | 20 | 20% |
| United States | 18 | 18% |
| China | 6 | 6% |
| Germany | 5 | 5% |
| Australia | 2 | 2% |

18 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Eric Yang | Managing Partner | 11 | https://shizune.co/investors/profile/eric-yang-2e55 |
| Raymond Yuan | Managing Partner, Co-Founder | 0 | https://shizune.co/investors/profile/howard-yuan-65f1 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Bitlight Labs | Bitlight Labs builds infrastructure using the RGB protocol and the Bitcoin Lightning Network. | $9.6M | Seed | Sep 19, 2025 |  |
| XMAQUINA | XMAQUINA decentralize robotics by uniting a global community to collaboratively support, develop, and govern transformative autonomous technologies for the collective good. |  | Seed | Jan 01, 2025 |  |
| Bitfi | BitFi is an innovative platform for CeDeFi.BitFi creates a stable and vibrant ecosystem by fusing cutting-edge synthetic assets with safe staking mechanisms. | $50M | Seed | Jul 25, 2024 |  |
| peaq | peaq gives robots and machines everything they need to do business, on every chain. peaqOS enables machines — robots, vehicles, devices, AI agents — to show up on any chain as liquid assets with identities, wallets, reputation, and the ability to provide services, trade, and prove what they did. peaq is the economic system for a human-centricMachine Economy where autonomous machines are a new asset class and every human can have a stake. It is home to 60+ applications in 20+ industries and to the millions of machines that run on them. | $15M | Series A | Mar 27, 2024 |  |
| Truflation | Truflation is a data hub providing independent, daily economic data and price indexes for fiat and crypto markets. Truflation aggregates real-market prices from merchants, research institutions, and commercial data providers, to calculate the most accurate and current daily inflation rates. It also offers other indices, including top NFT indexes,all available on-chain for DeFi and web3 applications. | $6M | Series A | Feb 06, 2024 |  |
| Bitlight Labs | Bitlight Labs builds infrastructure using the RGB protocol and the Bitcoin Lightning Network. |  | Seed | Feb 02, 2024 |  |
| NexGami | NexGami is a gamefi platform that empowers the next generation of players by reshaping the gaming landscape. |  | Seed | Oct 02, 2023 |  |
| NexGami | NexGami is a gamefi platform that empowers the next generation of players by reshaping the gaming landscape. | $2M | Pre-Seed | Oct 02, 2023 |  |
| Pop Social | Pop Social is a Web 3 social gateway that bridges the gap between conventional social media and shared social experiences. | $4M | Seed | Sep 08, 2023 |  |
| Checkit AI | Ecosapiens is a Web3/NFT project enabling consumers to make a positive impact on the climate. | $3.5M | Seed | Apr 04, 2023 |  |

10 of 98 investments shown.

## Co-investors
- [Animoca Brands](https://shizune.co/investors/profile/animoca-brands-corporation) — VC Fund, 12 deals together
- [Coinbase Ventures](https://shizune.co/investors/profile/coinbase-ventures) — VC Fund, 9 deals together
- [SevenX Ventures](https://shizune.co/investors/profile/sevenx-ventures) — VC Fund, 8 deals together
- [Spark Digital Capital](https://shizune.co/investors/profile/spark-digital-capital) — VC Fund, 8 deals together
- [Fenbushi Capital](https://shizune.co/investors/profile/fenbushi-capital) — VC Fund, 7 deals together
- [GSR](https://shizune.co/investors/profile/gsr) — VC Fund, 7 deals together

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## FAQ

### What does Fundamental Labs invest in?

Fundamental Labs invests primarily in Blockchain, Cryptocurrency and Information Technology startups, most often at Seed and Initial Coin Offering stage. Most of the 98 investments tracked by Shizune back companies in Singapore. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Fundamental Labs's check size?

Fundamental Labs typically joins rounds of $2M–$18M at Seed and $9M–$250M at Initial Coin Offering. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Fundamental Labs participates in.

### How do I contact Fundamental Labs?

Public channels for Fundamental Labs 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 Fundamental Labs?

The team at Fundamental Labs includes Eric Yang (Managing Partner) and Raymond Yuan (Managing Partner, Co-Founder). 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 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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