IoTeX
VC Fund
Menlo Park, United States
IoTeX is a VC fund in Menlo Park focused on Blockchain and Artificial Intelligence. IoTeX is the leading decentralized network powering the future of web3 and machine economy (MachineFi). The platform is built for developers to connect billions of machines with web3 infrastructure, to create innovative products including DeFi, NFT, DAO, Metaverse, and MachineFi applications. Founded in 2017 with a team of alumni from Google,Facebook, Uber, Bosch, and Intel, IoTeX has launched a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallet, and the MachineFi marketplace. The IoTeX network has grown rapidly with >$2B in assets on-chain, >300K on-chain users, and >10k devices connected across hundreds of dapps.
- Total investments:
- 20
- Last investment:
- Lead investor:
- 10%
- Fund size:
- $100M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries IoTeX invests in
Stages IoTeX invests in
Countries IoTeX invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $2M–$10M
- Pre-Seed
- $650k–$2M
- Venture - Series Unknown
- $4.6M–$5M
Investment Focus
Industry
- Blockchain 8 (40%)
- Artificial Intelligence 5 (25%)
- Web3 4 (20%)
- Decentralized Finance (DeFi) 3 (15%)
- Apps 2 (10%)
Stage
- Seed 10 (50%)
- Venture - Series Unknown 3 (15%)
- Pre-Seed 2 (10%)
- Grant 1 (5%)
- Series A 1 (5%)
Country
- United States 5 (25%)
- Hong Kong 3 (15%)
- Germany 1 (5%)
- Nigeria 1 (5%)
- Singapore 1 (5%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Qevan Guo
Founding Team
|
Founding Team | Total investments: 0 | Find email | |
Xinxin Fan
Founding Member, Head of Cryptography
|
Founding Member, Head of Cryptography | Total investments: 0 | Find email | |
Dean Patrick
Growing Data Ownership and Privacy in IoT
|
Growing Data Ownership and Privacy in IoT | Total investments: 1 | Find email | |
Jing Sun
Founding Member, Head of investment and ecosystem
|
Founding Member, Head of investment and ecosystem | Total investments: 0 | Find email | |
Raullen Chai
CEO, Co-Founder
|
CEO, Co-Founder | Total investments: 2 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
DGrid AI
|
DGrid AI operates a decentralized AI inference network built on Web3 infrastructure. The platform provides an AI RPC layer that routes requests across distributed network nodes to run large language models. It offers a unified interface for AI app developers to access many LLMs and build AI-powered applications. The network uses tokenizedincentives and DAO governance to reward node operators and community participants. DGrid AI focuses on scalable on-chain inference and monetization of AI models for open, community-powered usage. | Seed / Oct 31, 2025 | |
Nubila
|
Nubila is a pioneer in the Environmental, Social, and Governance (ESG) data industry, committed to revolutionizing sustainability projects with new solutions. Nubila uses AI and ESG tokenization to enhance decision-making, drive sustainable development, and generate financial solutions by creating the DePIN ecosystem's largest ESG Data Oracle. | $8M / Seed / Oct 20, 2025 | |
ROVR
|
ROVR is a decentralized platform that serves as an ultra-high-precision multidimensional digital twin for our planet, supporting next-generation transportation and 3D AI engines. It features proprietary 3D environmental data acquisition devices, enabling users to capture and record environmental information | $2.6M / Seed / Apr 29, 2025 | |
Inferix Labs
|
Inferix Labs is a decentralized GPU network that provides GPU visual computing solutions dedicated to 3D/AR/VR rendering and AI inference. | $2.6M / Seed / Dec 19, 2024 | |
Network3
|
Network3 is a firm building web3 AI infrastructure, which is a decentralized AI infrastructure that distributes jobs across multiple devices, minimizing latency. | $5.5M / Seed / Jul 23, 2024 | |
|
Nubila
|
Nubila is a pioneer in the Environmental, Social, and Governance (ESG) data industry, committed to revolutionizing sustainability projects with new solutions. Nubila uses AI and ESG tokenization to enhance decision-making, drive sustainable development, and generate financial solutions by creating the DePIN ecosystem's largest ESG Data Oracle. | $2.5M / Seed / Jul 01, 2024 | |
Starpower
|
Starpower is an energy protocol that partners with renewable energy manufacturers to create advanced batteries. | $2M / Pre-Seed / Jun 04, 2024 | |
NATIX Network
|
NATIX Network is building an open geospatial Intelligence network using their proprietary AI and smartphone cameras. The existing geospatial data collection solutions suffer from limited data types, low update frequency, high costs to gather data, and even higher prices charged to business customers. NATIX uses driver assistant apps (e.g. dashcamand navigation), token incentives, Computer Vision AI, and smartphone cameras to crowdsource real-time data and create a digital twin of our world. The network enables a new era of real-time applications ranging from autonomous driving to smart city services. With over 100k registered drivers and over 33M km covered in only 12 months, NATIX is one of the fastest-growing geospatial networks globally. | $4.6M / Venture - Series Unknown / Apr 25, 2024 | |
GEODNET
|
The Global Earth Observation Decentralized Network (GEODNET) is a decentralized network of Space Weather mining stations that report the real-time influence of the Sun’s solar winds on the Global Navigation Satellite System (GNSS) signals. This data is commonly used to accurately correct GNSS (GPS and other navigation satellite) signals to providecentimeter level positioning accuracy and improve absolute time accuracy to nano-second level. Traditional applications for these data services include Automotive/Autonomous Navigation, Agriculture/Construction Vehicle Machine Control, Earthquake/Geohazard Monitoring, and traditional Land Survey. Blockchain applications include decentralized Mapping, Metaverse Digital Twins, Location-Aware Smart Contracts, and Proof-of-Location and Time. GEOD is the native utility token that is used for: Fees for providing GEODNET data streams and services. Rewards to Space Weather Miners. Used for governance votes to determine how network resources are allocated. Gas for future native GEODNET blockchain location/time proofs. | $3.5M / Seed / Feb 28, 2024 | |
DePHY
|
DePHY is a decentralized low-latency off-chain network for DePIN with verifiability and composability. | Seed / Feb 16, 2024 | |
| See all 20 investments → | |||
Co-Investors
Waterdrip Capital
5 deals together
Borderless Capital
4 deals together
Borderless Capital
4 deals together
SNZ Holding
4 deals together
Anagram
2 deals together
Animoca Brands
2 deals together
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FAQ
What does IoTeX invest in?
IoTeX invests primarily in Blockchain, Artificial Intelligence and Web3 startups, most often at Seed and Venture - Series Unknown stage. Most of the 20 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 IoTeX's check size?
IoTeX typically joins rounds of $2M–$10M at Seed, $650k–$2M at Pre-Seed and $4.6M–$5M 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 IoTeX participates in.
How do I contact IoTeX?
Public channels for IoTeX 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 IoTeX?
The team at IoTeX includes Qevan Guo (Founding Team), Xinxin Fan (Founding Member, Head of Cryptography) and Dean Patrick (Growing Data Ownership and Privacy in IoT). 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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