# Nicholas Tong

> Nicholas Tong is a seed investor at Perpetual Protocol backing Finance and Financial Services. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Perpetual Protocol](https://shizune.co/investors/profile/perpetual-protocol)
- Location: Sydney, Australia
- Total investments: 6
- Last investment: Oct 2022
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/tongnicholas

Nicholas Tong is a seed investor at Perpetual Protocol in Sydney focused on Finance and Financial Services. Nicholas Tong is the Head Of Strategy at Perpetual Protocol. He attended the University of Sydney.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Finance | 2 | 33% |
| Financial Services | 2 | 33% |
| FinTech | 1 | 17% |
| Software | 1 | 17% |
| Blockchain | 1 | 17% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 5 | 83% |
| Pre-Seed | 1 | 17% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 1 | 17% |
| United States | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Based | Payment protocol for Web 3.0 | $1.7M | Seed | Oct 06, 2022 |  |
| Morpho Labs | 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 | $18M | Seed | Jul 12, 2022 |  |
| IndexZoo | IndexZoo is a DeFi multi-chain ecosystem of index and leveraged token built for utmost accuracy, highest leverage and lowest cost. | $2M | Seed | Apr 06, 2022 |  |
| Based | Payment protocol for Web 3.0 | $1M | Pre-Seed | Feb 15, 2022 |  |
| Apricot Finance | Apricot Finance is a DeFi service provider that helps the user to maximize yield and minimize risk. It is a collateralized lending protocol that seeks to maximize users’ borrowing power while minimizing liquidation penalties and uncertainties. | $4M | Seed | Aug 25, 2021 |  |
| Thales | Thales is a synthetix ecosystem project building support for trading binary options. | $2.5M | Seed | Jul 14, 2021 |  |

6 of 6 investments shown.

## Co-investors
- [Delphi Ventures](https://shizune.co/investors/profile/delphi-ventures) — VC Fund, 3 deals together
- [CMS Holdings](https://shizune.co/investors/profile/cms-holdings) — VC Fund, 2 deals together
- [Daedalus Angel Syndicate](https://shizune.co/investors/profile/daedalus-angel-syndicate) — VC Fund, 2 deals together
- [DeFiance Capital](https://shizune.co/investors/profile/defiance-capital-96c1) — VC Fund, 2 deals together
- [Delphi Digital](https://shizune.co/investors/profile/delphi-digital) — VC Fund, 2 deals together
- [LD Capital](https://shizune.co/investors/profile/ld-capital) — VC Fund, 2 deals together

## About Perpetual Protocol

VC Fund · Taipei, China

Perpetual Protocol is a decentralized perpetual contract trading protocol for every asset.

3 contacts available at Perpetual Protocol.

| Name | Title | Profile |
| --- | --- | --- |
| Nicholas Tong | Head Of Strategy | https://shizune.co/investors/profile/nicholas-tong |
| Shao-Kang Lee | Co-Founder | https://shizune.co/investors/profile/shao-lee |
| Yenwen Feng | Co-Founder | https://shizune.co/investors/profile/yenwen-feng-49f9 |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Nicholas Tong invest in?

Nicholas Tong invests primarily in Finance, Financial Services and FinTech startups, most often at Seed and Pre-Seed stage. Most of the 6 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Nicholas Tong last invest?

The most recent investment recorded for Nicholas Tong closed in Oct 2022. Shizune tracks 6 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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