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Top 50 Web3 Startup Investors in China (September 2026)

The most active venture capital funds and angel investors investing in China Web3 startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in China Web3 startup companies. Find investors to raise a Seed, Series A or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Node Capital
VC Fund
10 China, Singapore, United States Initial Coin Offering, Seed, Series A Blockchain, Internet, Cryptocurrency $700k–$16M
8 Decimal Capital
VC Fund
8 United States, Singapore, China Seed, Angel, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $1M–$40M
AlphaCoin Fund
VC Fund
8 United States, China, Singapore Seed, Venture - Series Unknown, Initial Coin Offering Blockchain, Cryptocurrency, Internet $100k–$60M
LD Capital
VC Fund
7 United States, Singapore, United Kingdom Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1.2M–$70M
Funcity Capital
VC Fund
7 China, Malta Series A, Angel, Venture - Series Unknown Internet, Blockchain, Bitcoin $89k–$28M
Fenbushi Capital
VC Fund
7 United States, Singapore, China Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1M–$50M
Ceyuan Ventures
VC Fund
6 China, United States, Singapore Series A, Series B, Angel Internet, Software, E-Commerce $425k–$30M
DHVC
VC Fund
6 United States, China, Singapore Seed, Series A, Series B Blockchain, Software, Artificial Intelligence $1.2M–$55M
QF Capital
VC Fund
6 China, Hong Kong, United States Series A, Angel, Seed Artificial Intelligence, E-Commerce, Software $425k–$16M
Shunwei Capital
VC Fund
5 China, United States, India Series A, Series B, Series C Manufacturing, Software, Internet $1.5M–$105M
IDG Capital
VC Fund
5 China, United States, India Series A, Series B, Series C Software, Internet, E-Commerce $2.9M–$354M
Bitmain
VC Fund
5 United States, China, Singapore Series A, Seed, Corporate Round Blockchain, Cryptocurrency, Bitcoin $480k–$16M
Kosmos Ventures
VC Fund
5 United States, Singapore, China Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Software $1M–$62M
ZhenFund
VC Fund
5 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Software, E-Commerce $425k–$30M
Frees Fund
VC Fund
4 China, United States, Singapore Series A, Seed, Angel Artificial Intelligence, Health Care, Biotechnology $447k–$35M
SIG China (SIG Asia Investments)
VC Fund
4 China, United States, Japan Series B, Series A, Series C E-Commerce, Software, Information Technology $3M–$150M
Draper Dragon
VC Fund
4 United States, China, Singapore Seed, Series A Blockchain, Cryptocurrency, FinTech $1.5M–$25M
Sinovation Ventures
VC Fund
4 China, United States, Hong Kong Series A, Seed, Series B Artificial Intelligence, Software, Health Care $1.3M–$74M
OK Blockchain Capital
VC Fund
4 China, United States, Malta Seed, Series A, Venture - Series Unknown Blockchain, Finance, Financial Services $1.5M–$66M
Shenzhen Capital Group
VC Fund
4 China, United States, Japan Series A, Series B, Series C Manufacturing, Health Care, Software $1.5M–$156M
Matrix Partners China
VC Fund
4 China, United States, Singapore Series A, Series B, Seed Health Care, Software, Biotechnology $1.6M–$137M
Wanxiang Blockchain
VC Fund
4 China, United States Seed, Angel, Series A Blockchain, Big Data, Data Mining $434k–$15M
Sparkling StarCapital
VC Fund
3 China, Belize Angel, Series A, Seed Blockchain, FinTech, Internet $700k–$15M
Yunshan Capital Partners
VC Fund
3 China Seed, Angel, Series A Blockchain, Health Care, Manufacturing
Waterdrip Capital
VC Fund
3 Singapore, United States, China Seed, Pre-Seed, Venture - Series Unknown Blockchain, Cryptocurrency, Web3 $500k–$50M
Timestamp Capital
VC Fund
3 China, Singapore, United States Angel, Venture - Series Unknown, Seed Blockchain, Internet, Financial Services
OKX Ventures
VC Fund
3 United States, Singapore, Hong Kong Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Gaming $1M–$50M
HSG
VC Fund
3 China, United States, Australia Series B, Series A, Seed Artificial Intelligence, Biotechnology, Software $2M–$226M
Innoangel Fund
VC Fund
3 China, United States, Hong Kong Angel, Seed, Series A Artificial Intelligence, Manufacturing, Robotics $425k–$29M
Milestone
VC Fund
3 China, Singapore, United States Seed, Series A, Series B Blockchain, FinTech, Software $1.4M–$16M
BlockVC
VC Fund
3 Singapore, United States, China Venture - Series Unknown, Seed, Corporate Round Blockchain, Internet, Information Technology $250k–$15M
Collinstar Capital
VC Fund
3 China, United States, Malta Seed, Corporate Round, Angel Blockchain, Cryptocurrency, Internet $3.7M–$15M
FBG Capital
VC Fund
3 United States, Singapore, China Seed, Series A, Initial Coin Offering Blockchain, Cryptocurrency, Financial Services $1M–$50M
IVC
VC Fund
3 United States, Singapore, Philippines Seed, Pre-Seed Blockchain, Gaming, Cryptocurrency $480k–$9M
Daocin Capital
VC Fund
3 China, United States Angel, Series A, Seed Robotics, E-Commerce, Enterprise $425k–$16M
Sky9 Capital
VC Fund
3 China, United States, Singapore Seed, Series A, Series B Software, Blockchain, Artificial Intelligence $2M–$100M
Dream Chaser Capital
VC Fund
3 China, Singapore Angel, Series A, Seed Internet, Blockchain, Social $292k–$5.1M
Ledger Capital
VC Fund
3 China, Canada, Austria Seed, Series A, Angel Blockchain, Cryptocurrency, Bitcoin $1.5M–$25M
Polychain
VC Fund
2 United States, Singapore, Switzerland Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, FinTech $1.5M–$45M
Manzi Fund
VC Fund
2 China, United States Angel, Seed, Pre-Seed FinTech, Software, Analytics $742k–$3M
Imagination Fund
VC Fund
2 China Seed, Angel, Corporate Round Blockchain, FinTech, Finance
LongLing Capital
VC Fund
2 China, Singapore, Hong Kong Angel, Seed, Series A Software, Blockchain, E-Commerce $425k–$10M
Transference Fund
VC Fund
2 China, United States Seed, Series A Blockchain, Finance, Real Time
Mirana
VC Fund
2 United States, Singapore, Hong Kong Seed, Series A, Venture - Series Unknown Blockchain, Cryptocurrency, Financial Services $2M–$150M
Multicoin Capital
VC Fund
2 United States, Singapore, Switzerland Seed, Series A Blockchain, Cryptocurrency, Software $1.5M–$72M
Kunlun Capital
VC Fund
2 China Series A, Seed, Series B Biotechnology, Health Care, Medical $5.4M–$40M
Blockchain Founders Fund
VC Fund
2 United States, United Kingdom, Singapore Seed, Pre-Seed Blockchain, Cryptocurrency, FinTech $200k–$6M
Huobi Eco
VC Fund
2 China, Singapore, Japan Seed, Series A, Corporate Round Blockchain, Cryptocurrency, Finance $1.2M–$51M
Muneeb Ali
Angel
2 China Seed, Angel Bitcoin, Apps, Hardware
BeeChat Fund
VC Fund
2 China Series A Blockchain, Big Data, Ethereum
Access all 655 investors in China Web3 startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Node Capital
VC Fund · Beijing, Beijing, China · 10 investments in China Web3 startups

Node Capital is a venture capital company focusing on blockchain industry. It is also one of the world’s earliest professional investment institutions of blockchain industry layouts. Node Capital aims to connection every node of blockchain industry by project investment and cooperation, thus building industry ecosystem, and promote healthy andstable development of blockchain industry. So far, Node Capital has invested many projects of blockchain industry, such as news information, digital asset transactions, storage, technology development and application. Including enterprises such as Huobi, Coldlar, Bocheninc, fengwo, Jinse Finance , Lianshang Technology, Yulian, Qukuai Leida.

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Investment focus

  • Industry: Blockchain, Internet, Cryptocurrency
  • Stage:Initial Coin Offering, Seed, Series A
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 69
  • Round size: Seed $1M–$5M; Series A $700k–$16M; Initial Coin Offering $1M–$1M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Neuramint — Neuramint gives developers the ability to design and manage autonomous Web3 workflows.
  • Squid — Buy, swap, and bridge crypto across 100+ chains and 20k tokens. Fast, cheap, reliable. Used by 1M+ users and 1K+ integrators.
  • Byzantine Finance — Stake assets, secure other services, and earn more. Restake now with Byzantine Finance to become part of DeFi's next generation. Building the most secure and profitable future for staking.
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8 Decimal Capital
VC Fund · San Francisco, California, United States · 8 investments in China Web3 startups

8 Decimal Capital is a multi-strategy investment firm focused on both token and equity investment. We currently have more than 30 portfolio companies, and an AUM of 60M USD. Our investment team consists of more than 10 venture capital veterans, researchers, and trading professionals. We thematically invest in core infrastructure layer projects thataddress security, scalability, and privacy, provide a full suite of post-investment value-add to our portfolio companies.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Angel, Venture - Series Unknown
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 54
  • Round size: Seed $1M–$4.7M; Venture - Series Unknown $4.9M–$40M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Nirvana — Nirvana is an AI-native financial infrastructure shaping the future of Agentic DeFi. - Redefining DeFi with AI Agents – Nirvana builds AI frameworks for DEFAI agents to maximize capital efficiency - AI-Native On-Chain Protocols – Empowering DEFAI agents with AI-native protocols to autonomously launch innovative financial instruments and optimizestrategies
  • Parallel Finance — Parallel Finance is a decentralized finance (DeFi) protocol that offers lending and staking services.
  • Parallel Finance — Parallel Finance is a Polkadot - based decentralized finance protocol that offers lending and staking services.
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AlphaCoin Fund
VC Fund · Boston, Massachusetts, United States · 8 investments in China Web3 startups

AlphaCoin Fund is a venture capital focused on investing blockchain technology and tokens. Since 2017, AlphaCoin has invested in over 80 leading blockchain technology projects both home and abroad, with a total investment amount in exceed of 90 million USD. Our investment team consists of professionals from backgrounds covering traditional andcrypto venture capital investing, blockchain technology and crypto exchange operations. AlphaCoin Fund has founded strategic partnerships with both top-tier venture capital institutions such as Zhen Fund, Sequoia Capital, Danhua Capital, etc and service providers . With its connections in the blockchain industry, AlphaCoin Fund has been long dedicated to building an orbicular industry chain with its partners, so as to provide value-added services such as technology assistance, business development advising, marketing, partnership building and exchange listing consulting.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Venture - Series Unknown, Initial Coin Offering
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 58
  • Round size: Seed $100k–$14M; Initial Coin Offering $1M–$60M; Venture - Series Unknown $2.5M–$5M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Cowboy Snake — Cowboy Snake is the TvT play-to-earn game inspired by snake on the blockchain. Cowboy Snake is a product of OrenCT Ltd.
  • Formless — Formless enables gamers, NFT enthusiasts and digital collectors to find their favourite game while helping games find their targeted fans.
  • Clear Protocol — Clear Protocol, Inc. is a healthcare IT company. Our product, Clear Protocol, is Software-as-a-service for hospitals, clinics, and medical offices.
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LD Capital
VC Fund · Shanghai, Shanghai, China · 7 investments in China Web3 startups

LD Capital is one of Asia's earliest organizations focusing on value investing in blockchain field. Owing to industrial resource advantages and professional investment research teams, LD Capital has successively discovered and invested in projects such as Qtum, Vechain and Eos which all achieved over 100 times return.Their teams spread overChina, the United States, Europe, Singapore, Japan, and South Korea, and have accumulated rich experience in areas of traditional internet, Fintech, and advanced blockchain technology. They are committed to the globalization of blockchain and quality investment in the entire industry.LD Capital focuses on blockchain innovation projects within finance, games, content publishing, Internet of Things and other circuits, and we have been propelling broad layout of blockchain technology and infrastructure construction to facilitate the comprehensive development of the global blockchain ecosystem.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, United Kingdom

Investor stats

  • Total investments: 202
  • Round size: Seed $1.2M–$8.6M; Venture - Series Unknown $1.7M–$70M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: Likely still investing — raised $200M in 2022

Portfolio highlights

  • Redpill AI — Access 200+ AI models with privacy-first infrastructure. Private models in GPU TEE, OpenAI-compatible API, zero data retention.
  • Yellow — Yellow is a financial services provider of software, analytics, and investments in blockchain startups.
  • Konnex World — Building the GDP of autonomous systems. Turning robot labor into on-chain liquidity. $KNX
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Funcity Capital
VC Fund · Hangzhou, Zhejiang, China · 7 investments in China Web3 startups

Funcity Capital is an asset management company specializing in Internet finance, artificial intelligence, blockchain, and smart travel.

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Investment focus

  • Industry: Internet, Blockchain, Bitcoin
  • Stage:Series A, Angel, Venture - Series Unknown
  • Geography: China, Malta

Investor stats

  • Total investments: 23
  • Round size: Angel $455k–$3M; Series A $89k–$28M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • CHAINDIGG — Zhifan Tech is a service provider of blockchain big data analysis platform dedicated to enabling everyone to benefit ...
  • Leapmotor — Zhejiang Zero Run Technology Co., Ltd. (LEAPMOTOR) is an innovative intelligent electric vehicle enterprise jointly invested by Zhejiang Dahua Technology Co., Ltd. and its main founders. Founded in 2015, the company is headquartered in Hangzhou Binjiang High-tech Development Zone. The company's business scope covers intelligent electricvehicle design, R&D, intelligent driving, motor electronic control, battery system development, and cloud computing-based car networking solutions. Relying on the strong financial strength of Dahua and its mature experience in technology research and development, process system and quality management, the company emphasizes the culture of engineers and has the ultimate pursuit of technological innovation, industrial design, and process quality.
  • Kuaidi Dache — Kuaidi Group, as the most technologically integrated and largest car service company in the world, is rapidly transforming the concept of moving people – starting in China. The app combines integrated mapping and third party payment technology to make its service accessible to everybody, and provides over 1 million taxis and a variety of standardand luxury cars for all lifestyles. To ensure the service fits smoothly into urban life, Kuaidi has developed a framework is that is adaptable to other platforms in China, and works in partnership with China’s government and regulators instead of against them.In a country where only 18% of per capita car ownership, Kuaidi is clearly meeting an important need. Kuaidi’s unique business model has attracted 100m registered users in over 300 cities, fulfilling 6 million requests per day. To optimize its services and go beyond customer expectations Kuaidi has secured partnerships with Alipay, Ctrip, AutoNavi, Baidu Maps, Qunar, and Beijing’s ‘96106’ government official platform.
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Fenbushi Capital
VC Fund · Shanghai, Shanghai, China · 7 investments in China Web3 startups

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.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 212
  • Round size: Seed $1M–$10M; Series A $3.7M–$30M; Venture - Series Unknown $3M–$50M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • ME Group — 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.
  • Canopy Network — AI creates apps. Canopy creates owners. Build and launch in days. Backed by @Arrington_Cap, @Fenbushi, @Borderless_Cap, @SNZHolding, @CodecraftGroup and more.
  • Chronicle Labs — Chronicle Protocol brings data onchain via decentralized, cost-efficient, verifiable oracles, powering DeFi and RWAs with DeFi and Proof of Asset Oracles.
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Ceyuan Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 6 investments in China Web3 startups

Ceyuan Ventures is a Beijing-based early stage venture capital firm focused on IT and emerging growth companies. They emphasize backing great teams, technology and business innovation. Their mission is to assist entrepreneurs in creating and building world-class businesses.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Series A, Series B, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 108
  • Round size: Angel $425k–$3M; Series A $1M–$22M; Series B $2.8M–$30M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $282M in 2012

Portfolio highlights

  • OKX — OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. With monthly Proof of Reserve releases, OKX is trusted by over 50 million global users. OKX is the fastest and most reliable crypto trading app for professional traders everywhere. - Buy, sell, and trade 350+ tokens with 100+ local currencies -Duplicate moves from top traders in the industry in just one click - Explore Web3 and take control of your crypto, NFTs, and digital assets with the OKX WalletWith its extensive range of crypto products and services, and unwavering commitment to innovation, OKX’s vision is a world where financial access is backed by blockchain and the power of decentralized finance.
  • Siyue Intelligence — Siyue Intelligence produces software and hardware for TFT-LCD semiconductor automation. It integrates R&D, design, production, and service, and is committed to providing fully automated warehousing robot systems, and intelligent detection.
  • Vistar Optoelectronics — Vistar Optoelectronics is a provider of micro-LED displays that focuses on the research, development, and product implementation of micro-LED.
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DHVC
VC Fund · Palo Alto, California, United States · 6 investments in China Web3 startups

DHVC is a venture capital firm based in Palo Alto, California, that invests in Enterprise, Consumer, FinTech, and Healthcare companies.

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Investment focus

  • Industry: Blockchain, Software, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 223
  • Round size: Seed $1.2M–$10M; Series A $4.8M–$31M; Series B $11M–$55M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $343M in 2018

Portfolio highlights

  • Ink Finance — Ink Finance is the scalability solution for web3 DAOs, protocols and asset managers, enabling them to customize asset management and governance frameworks through a no-code interface, to effectively establish on-chain credit and financial competence. Ink Finance allows a one-stop and frictionless solution for organized financial activities, with scalability and customizability.
  • Shentu Chain — The Shentu Chain's mission is to create a more trustworthy blockchain world for all, starting with the Shentu Chain, a public platform that's secure, decentralized and compatible & interoperable with other blockchain ecosystems. Where security is a need, not a nice-to-have.
  • SURGE Therapeutics — SURGE Therapeutics seeks to dramatically improve cancer patient survival by disrupting cancer immunotherapy is deployed.
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QF Capital
VC Fund · Shenzhen, Guangdong, China · 6 investments in China Web3 startups

QF Capital is a fund management company that focuses on private equity investments.

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Investment focus

  • Industry: Artificial Intelligence, E-Commerce, Software
  • Stage:Series A, Angel, Seed
  • Geography: China, Hong Kong, United States

Investor stats

  • Total investments: 173
  • Round size: Seed $1.4M–$15M; Angel $425k–$14M; Series A $1.4M–$16M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Tianlin — Tianlin Holdings provides robotic intelligent construction services, with a focus on creating an ecosystem that includes intelligent construction robots, green building materials, and intelligent construction digital platforms.
  • Violoop — Violoop is a Chinese AI hardware startup Specializes in AI-PC automation hardware as a "physical-level AI Operator", bridging legacy software and AI agents for 24/7 workflows without APIs.
  • Traverser — Traverser is a commercial manned aerospace technology company that develops reusable manned spacecraft and operates space tourism activities.
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Shunwei Capital
VC Fund · Beijing, Beijing, China · 5 investments in China Web3 startups

Shunwei Capital is a venture capital fund that focuses on early to mid-stage investments in local internet industry. It specializes in incubation, startups, early to mid-stage, and growth capital investments. It seeks to invest in the technology, media, telecommunications, high technology, new media, games, internet finance, and rural area internetsectors. Their investors include sovereign wealth funds, fund of funds, university endowment funds, and family offices.

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Investment focus

  • Industry: Manufacturing, Software, Internet
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 574
  • Round size: Series A $1.5M–$35M; Series B $8M–$55M; Series C $25M–$105M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $1.2B in 2018

Portfolio highlights

  • uban — Uban provides an internet office leasing and trading services platform that helps to connect owners, customers and brokers, corporate customers in order to provide office rental and follow-up services, enabling its clients to receive real estate related services through a single portal. The company is based in Beijing, China.
  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Darma — DARMA - Digital Healt
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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IDG Capital
VC Fund · Beijing, Beijing, China · 5 investments in China Web3 startups

IDG Capital is a global investment firm partnering with founders to build enduring businesses through capital, expertise, and long-term support.

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Investment focus

  • Industry: Software, Internet, E-Commerce
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, India

Investor stats

  • Total investments: 1056
  • Round size: Series A $2.9M–$100M; Series B $7.1M–$115M; Series C $15M–$354M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • AIxCrypto — Qualigen is a biotechnology company focused on the development and commercialization of novel therapeutic products for the treatment of cancer and infectious diseases, as well as the expansion of its flagship FastPack® diagnostic platform.
  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Chengjia Apartment — Chengjia Apartment is a rental start-up that provides different product choices for apartments, hotels, and homestays. Chengjia Apartment extends the business scope to weekly rent, monthly rent, and long-term rent. The company creates a high-quality living environment with ingenuity, take care of every guest with hotel-style service, and creates awarm, comfortable, and temperature-friendly home.Chengjia Apartment is jointly established by China Living Hotel Group and IDG Capital. It has laid out nearly 100 properties in first-tier cities nationwide, with more than 10,000 houses and services.It was founded on 2015 and is headquartered in Shanghai, China.
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Bitmain
VC Fund · Beijing, Beijing, China · 5 investments in China Web3 startups

Bitmain is a manufacturer of Bitcoin mining hardware and other related services.Bitmain was founded by several of the digital currency industry’s earliest players, and their team is comprised of passionate and pedigreed engineers, financial experts, and Bitcoin enthusiasts.Bitmain is headquartered in Beijing and has offices in San Francisco,Tel Aviv, Hong Kong, Chengdu and Shenzhen.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Bitcoin
  • Stage:Series A, Seed, Corporate Round
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 47
  • Round size: Seed $480k–$5.9M; Series A $1.5M–$16M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • BEVM — BEVM is a decentralized platform that offers solutions for the Ethereum ecosystem to operate on Bitcoin L2.
  • BitFuFu — A World-Leading Bitcoin Miner and Mining Services Innovator. NASDAQ: FUFU, https://t.co/aMSVko1ZVb Join the community: https://t.co/fDODOkcu1o Contact: PR@BitFuFu.com
  • Shentu Chain — The Shentu Chain's mission is to create a more trustworthy blockchain world for all, starting with the Shentu Chain, a public platform that's secure, decentralized and compatible & interoperable with other blockchain ecosystems. Where security is a need, not a nice-to-have.
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Kosmos Ventures
VC Fund · Perth, Western Australia, Australia · 5 investments in China Web3 startups

Enabling multi-chain future with core infrastructure and innovative dapps

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Venture - Series Unknown
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 111
  • Round size: Seed $1.3M–$9M; Venture - Series Unknown $1M–$62M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • FereAI — Describe what to watch or trade. Fere compiles it into rules you can read and runs it 24/7 on real venues.
  • Oh — The OpenAI of the spicy content industry, combining consumer platforms (@ohchatai | @ohdotfun) with infrastructure (https://t.co/BMwDSzAg14)
  • Share — From subsea cables to last-mile networks, Share coordinates fragmented infrastructure into a single ecosystem.
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ZhenFund
VC Fund · Beijing, Beijing, China · 5 investments in China Web3 startups

ZhenFund is a seed fund founded by former entrepreneurs to invest in the most promising innovators. New Oriental co-founders Bob Xiaoping Xu and Victor Qiang Wang established ZhenFund in 2011 in collaboration with Sequoia Capital China. ZhenFund now has a network of over 800 portfolio companies, including over 30 unicorns based in China. Webelieve that great businesses start with exceptional founding teams. We are dedicated to helping our entrepreneurs build successful companies by providing them with mentorship and the best resources available. Some of our services include biannual demo days to top Chinese VCs, ZhenHR services, marketing and PR consulting, as well as fundraising. Our strong and large CEO network also facilitates entrepreneurs helping each other, especially via our WeChat platform. ZhenFund has been ranked as the “#1 Early-Stage Investment Firm” for six years. Bob Xiaoping Xu, Founder of ZhenFund, has been named on the Midas List since 2016 and ranked #11 in 2019. Anna Fang, Founding Partner and CEO of ZhenFund, has been named on the Midas List since 2019 and made her 4th appearance as #12, and #1 on Midas Seed List in 2022.

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Investment focus

  • Industry: Artificial Intelligence, Software, E-Commerce
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 631
  • Round size: Seed $443k–$15M; Angel $425k–$5.8M; Series A $1.4M–$30M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Ehang — Ehang is a technology enterprise focused on R&D and production in airplane and aircraft field. With the combination of software and hardware techniques, it self-developed the communication and real-time viewing hardware and a smartphone operation system. Its product, Ghost, is accepted as the first truly smartphone app operated intelligentrobot, which is widely used in geographical information surveying, professional television aerial filming, roadshow displaying, disaster rescuing and delivery, surveillance and monitoring, and even expected to play important role in the future logistics areas.Ehang was founded in 2014 by makers from China, America, and Singapore who are enthusiastic about drone flying. The enterprise’s core members graduated from Tsinghua University, Peking University, and Duke University in America.
  • Snowplus — SNOWPLUS is an e-cigarette brand that provides users with e-cigarette products through a combination of online and offline sales models. The products are available in 12 different types of flavors. The products use TrueFeel honeycomb ceramic atomization technology and Aeroflow intake. Technology; In addition to reference to the existing food-gradestandards in China, Xuejia has also passed a number of third-party certifications in terms of safety. The core components such as atomizing core and cigarette holder comply with the highest medical safety standards of the FDA and the European Union.
  • Futuring Robot — Futuring Robot is a developer of dual-arm home service robots focusing on C-end home scenarios.
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Frees Fund
VC Fund · Beijing, Beijing, China · 4 investments in China Web3 startups

By adopting revolutionary mechanisms, FREES FUND is devoted to change the long-established rules in the venture capital. By leveraging the cutting-edge technologies and resources, FREES FUND aims at investing in great startups and helping them grow into great enterprises that are valuable to our society. We mainly invest in early-stagestartups, and hope to become their first-round institutional investor. Our primary interested areas are broad-sense TMT (Technology, Media, Telecom), B2B and deep technology.

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Investment focus

  • Industry: Artificial Intelligence, Health Care, Biotechnology
  • Stage:Series A, Seed, Angel
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 229
  • Round size: Seed $1.4M–$14M; Angel $447k–$14M; Series A $1.4M–$35M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $144M in 2015

Portfolio highlights

  • Chuguang 3D — Chuguang 3D is a optical micro-nano 3D sensor technology platform that focuses on research and development, and manufacturing of micro-nano-level optical three-dimensional sensing and measurement and testing instruments.
  • Flysound — Flysound is a hearing technology company focused on making advanced AI-powered hearing aids affordable and accessible. Its products combine AI sound processing, Bluetooth connectivity, app-based personalization, and rechargeable convenience. With a focus on innovation, quality, and user-friendly design, Flysound aims to help people hear moreclearly and stay connected to everyday life.
  • Yanming Biology — Pyrotech pharmaceuticals is a biotechnology company that focuses om development for drugs for the treatment of inflammation and tumors.
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SIG China (SIG Asia Investments)
VC Fund · Shanghai, Shanghai, China · 4 investments in China Web3 startups

SIG's China venture capital and private equity activities are operated through SIG Asia Investments, LLLP (SAI) and its wholly foreign owned enterprise (WFOE) based in Shanghai with a branch office in Beijing. The SIG China team seeks to commit the firm’s capital to venture capital and private equity investments in China.SAI is a member ofthe Susquehanna International Group of companies (SIG), which has evolved over the past 20+years into a leading financial institution focusing on trading and market making, institutional sales and research, private equity, and venture capital. With more than 1,400 employees across offices worldwide, SIG’s professionals develop ideas in an entrepreneurial environment, taking full advantage of SIG’s cutting edge technology and quantitative research.SIG is committed to expanding its global businesses in China. As part of that effort SAI has been mandated to commit SIG's proprietary capital in VC and PE investments in companies operating in the PRC.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 238
  • Round size: Series A $3M–$30M; Series B $9.5M–$93M; Series C $25M–$150M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $200M in 2009

Portfolio highlights

  • xMEMS — xMEMS is driving the future of Edge AI with pioneering solid-state MEMS speakers and micro-cooling technology, delivering breakthrough silicon audio, fan-on-a-chip thermal management, and piezoMEMS innovations for AI wearables, intelligent eyewear, smart glasses, earbuds, headphones, mobile devices, and next-generation consumer electronics.
  • RapidBox — Rapidbox is ecommerce website for footwear and fashion accessories
  • Kabest Coffee — Kabest Coffee is a beverage manufacturing company that engages in the production and sales of coffee. The company also engages in brand management, wholesale of edible agricultural products, and sales of unprocessed nuts and dried fruits.
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Draper Dragon
VC Fund · San Mateo, California, United States · 4 investments in China Web3 startups

Draper Dragon is an early-stage venture fund partnering with founders building the next generation of AI and agent systems, blockchain infrastructure, Web3, and other frontier technologies. Founded in 2006 by Tim Draper, Larry Li, Andy Tang, and Bobby Chao.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, China, Singapore

Investor stats

  • Total investments: 95
  • Round size: Seed $1.5M–$10M; Series A $2M–$25M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely actively investing — fresh fund, raised $75M in 2026

Portfolio highlights

  • AEON — Powering #agenticeconomy #x402 | AEON is settlement layer bridging autonomous AI interactions (A2A & A2M) with real-world value flows. Backed by @yzilabs $AEON
  • Slinky Network — Slinky Network provides an on-chain marketplace and payment protocol that connects AI agents and applications with third-party APIs. The company offers the SlinkyLayer platform, which wraps developer endpoints as discoverable skills and exposes them through an x402 pay-per-execution interface. Each API call triggers a non-custodial on-chainmicropayment, settling in the same request loop using networks such as Base and BNB Chain. Developers set prices, earn a defined revenue share, and receive instant payouts to their wallets without subscriptions or custodial holds. AI agents authenticate via wallet signatures, enabling autonomous, machine-to-machine access and payment without traditional logins or credit cards. The platform also records call ratings on-chain to provide portable, verifiable reputation for services.
  • Shanghai Molian Technology — Shanghai Molian Technology is an intelligent agent communication infrastructure platform
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Sinovation Ventures
VC Fund · Beijing, Beijing, China · 4 investments in China Web3 startups, 15 in the past 12 months

Sinovation Ventures is a full-service venture capital firm that actively invests in the Chinese technology market.

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Investment focus

  • Industry: Artificial Intelligence, Software, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 330
  • Round size: Seed $1.3M–$14M; Series A $1.5M–$32M; Series B $4M–$74M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — raised $203M in 2022

Portfolio highlights

  • Gestala — Gestala is China’s first pioneer in ultrasound-based Brain-Computer Interface (BCI). We are dedicated to engineering a platform with full-brain read-write capabilities, offering transformative therapeutic modalities for neurological disorders. Beyond clinical impact, we aim to decode the neural code and pave the way for a symbiotic future wherebrain science and artificial intelligence converge.
  • Jiangxian Technology — Jiangxian Technology is a company focused on embodied intelligence, a field that integrates artificial intelligence with physical systems such as robots and smart devices, enabling machines to perceive, learn from, and interact with the real world in a more human-like and adaptive manner across applications like automation, healthcare, and advancedmanufacturing.
  • Ruilian Intelligent Computing — Ruilian Zhisuan is an AI computing infrastructure innovator that provides integrated hardware software solutions. Modeled after Google's Jupiter optoelectronic architecture, it features full stack OCS scheduling to replace traditional electronic switches with optical routing. This core technology drastically minimizes network latency andsystem power consumption for advanced AI calculation networks.
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OK Blockchain Capital
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 4 investments in China Web3 startups

OK Blockchain Capital provides fully-integrated blockchain services for extraordinary projects. They provide tailored professional consultation services, advising on how to apply the power of blockchain technology, according to your company’s products or services, and business model.

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Investment focus

  • Industry: Blockchain, Finance, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: China, United States, Malta

Investor stats

  • Total investments: 12
  • Round size: Seed $1.5M–$5.8M; Series A $1.5M–$16M; Venture - Series Unknown $12M–$66M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Autodesk — Autodesk is a leader in 3D design, engineering and entertainment software. We help people imagine, design, and create a better world.
  • Alex — Bring your Bitcoin to Life: launch new projects, earn interest, rewrite finance, reinvent culture.
  • Injective — Explore Injective, the Layer 1 blockchain built for DeFi, tokenization, derivatives, stablecoins, AI finance, and institutional onchain markets.
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Shenzhen Capital Group
VC Fund · Shenzhen, Guangdong, China · 4 investments in China Web3 startups

Shenzhen Capital Group Co., Ltd (“SCGC”) is a limited venture capital company established by the Shenzhen Government in 1999. Since its establishment, SCGC has focused on cultivating national industries, shaping national brands, promoting economic transformation, and emerging industries developing. SCGC has registered capital of 5.42 billion RMB,and a total AUM of 338.99 billion RMB. SCGC primarily invests in SMEs, innovative high-tech enterprises, enterprises in emerging industries, and enterprises in start-up period, growth period and in transformation, covering industries supported by national policies, including IT, internet, new media, biopharma, new energy, environmental protection, chemical engineering, new material, high-end equipment manufacturing, consumption goods, modern service, etc. By the end of April 2019, SCGC ranked the first based on the number of portfolio companies and the number of listed portfolio companies: 994 portfolio companies, investments totaling 43.9 billion RMB, 145 of which have been listed in 16 capital markets worldwide.

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Investment focus

  • Industry: Manufacturing, Health Care, Software
  • Stage:Series A, Series B, Series C
  • Geography: China, United States, Japan

Investor stats

  • Total investments: 601
  • Round size: Series A $1.5M–$128M; Series B $13M–$141M; Series C $4.4M–$156M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Prosemi — Pusenmei is a precision micro-resistance current sensor developer company committed to delivering professional and diverse precision micro-resistance current detecting resistors and circuit protection solutions.
  • Enrikenuo — Enrikenuo is a biotechnology company that focuses on the research and development of new generation CAR-NK technology based cell drugs.
  • Waker Biology — Weike Bio is a gene therapy drug development company.
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Matrix Partners China
VC Fund · Beijing, Beijing, China · 4 investments in China Web3 startups

Matrix Partners China builds long-term relationships with entrepreneurs and helps them build significant, industry-leading companies.Since its inception in 1977, Matrix Partners China has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have goneon to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors.Matrix Partners China combines local knowledge with global experience and vision. Its team consists of both former entrepreneurs and experienced investors. Its past successes include Focus Media, Eachnet, and Baidu, among others. The company invests across multiple sectors and stages.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 622
  • Round size: Seed $1.6M–$74M; Series A $2.9M–$61M; Series B $10M–$137M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: Likely still investing — raised $92M in 2023

Portfolio highlights

  • Lexin — LexinFintech Holdings is an online consumer finance platform for educated young adults in China. As one of China's leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company's Dingsheng online investment platform, and theCompany's Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of user funding requests with offers from the Company's more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions. By serving the credit needs of China's educated young adults, Lexin helps its more than 20 million registered users to enjoy a better quality of life through the use of better credit.
  • Camera360 — Camera360 is a professional but easy-to use App for photo editing and selfie retouching. Tag #camera360
  • Liepin — Liepin is the largest and most professional high-end talent community-based recruitment site, with its innovative products and unique service model model for create an interactive high-end talent recruitment platform between business, headhunting and workplace. Tens of thousands of professional executive search consultant for businesses and jobseekers set up communication between the bridge and accelerate corporate recruitment process, recommended paying jobs in the workplace, career development planning. 16 job seekers to avoid the risk of privacy protection, millions of high-end elite member libraries, help enterprises development needs.
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Wanxiang Blockchain
VC Fund · Shanghai, Shanghai, China · 4 investments in China Web3 startups

Beginning in 2015, China Wanxiang Holding Co., Ltd. started a strategic layout in the blockchain industry, and was deeply engaged in this field ever since. By now Wanxiang Blockchain has already built anecosystem that is consisted of Wanxiang Blockchain Labs, Wanxiang Blockchain Business ConsultingService, New Chainbase, and Wancloud. In early2017, Shanghai Wanxiang BlockchainInc. was formally established. On the basis of further integrating resources and constructing -platforms, they have established a cutting-edge product and technical team to develop industrial solution with blockchain, providing technology, capital and resources to further advance industrial developmentand business adoption in this field.

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Investment focus

  • Industry: Blockchain, Big Data, Data Mining
  • Stage:Seed, Angel, Series A
  • Geography: China, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $12M–$15M; Angel $434k–$436k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • HPOOL — HPOOL specializes in the hard disk mining platform in China that focus on POC mining.
  • Prometheum — Prometheum is the SEC and FINRA regulated market infrastructure that leverages the blockchain for issuance, trading, clearing, settlement, and custody.
  • Magic Oranges — Magic Oranges offers game development and blockchain technology services.
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Sparkling StarCapital
VC Fund · Beijing, Beijing, China · 3 investments in China Web3 startups

Sparking Star Capital is a venture capital firm that invests in blockchain industry.

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Investment focus

  • Industry: Blockchain, FinTech, Internet
  • Stage:Angel, Series A, Seed
  • Geography: China, Belize

Investor stats

  • Total investments: 5
  • Round size: Angel $2M–$15M; Series A $700k–$5M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Haofubao — Haofubao is a multi-chain digital asset management wallet based on blockchain technology. It uses a unique three-level hot and cold wallet separation technology to store the digital assets of users safely. At the same time, the non-networking feature of the cold wallet further eliminates the risk of user asset loss and theft. Users can easilycomplete a series of wallet ecological functions such as asset storage, replenishment, transaction, and red envelope on the platform.
  • Shangbee.com — Beijing Based Fintech Company
  • Tomato Rubik's Cube — Tomato Rubik's Cube is an online rubik's cube teaching platform.
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Yunshan Capital Partners
VC Fund · Xuhui, Shanghai, China · 3 investments in China Web3 startups

Yunshan Capital Partners focuses on early-stage, angel round and development stage investment in innovative technology enterprises.

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Investment focus

  • Industry: Blockchain, Health Care, Manufacturing
  • Stage:Seed, Angel, Series A
  • Geography: China

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • KOOBANK China — KOOBANK is a Blockchain Start Up Based In China.
  • Bella Protocol — Bella Defi suite allows users to simply deposit and enjoy high yield from sophisticated arbitrage strategies, either on-chain or via custodian service.
  • Jieshang Health — Jieshang Health specializes in Ai moxa inhalation and wormwood moxibustion for cigarette products to control smoking.
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Waterdrip Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Web3 startups

Waterdrip capital invests in blockchain industries.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Web3
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Singapore, United States, China

Investor stats

  • Total investments: 95
  • Round size: Seed $1M–$6M; Pre-Seed $500k–$3M; Venture - Series Unknown $1.5M–$50M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • LNT — LNT provides a Bitcoin Taproot-based token system that allows basic asset creation and transfers with limited available details.
  • ChimpX AI — ChimpX AI is an AI-powered decentralized finance (DeFi) superapp designed to simplify crypto trading, cross-chain asset management, and blockchain interactions through natural language commands. The platform focuses on making complex DeFi operations accessible to everyday users by combining artificial intelligence, automation, and gaslesstransactions into a single interface.
  • ZENi — ZENi is a data intelligence engine that powers autonomous AI agents. The platform transforms real-time on-chain and off-chain signals into actionable insights, enabling agents to make decisions, automate workflows, and execute tasks with high precision. Built as a decentralized data intelligence layer, ZENi supports Web3, fintech, e-commerce ,gaming and enterprise applications that require scalable, intelligent agent operations.
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Timestamp Capital
VC Fund · Hangzhou, Zhejiang, China · 3 investments in China Web3 startups

Timestamp Capital is an investment firm.

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Investment focus

  • Industry: Blockchain, Internet, Financial Services
  • Stage:Angel, Venture - Series Unknown, Seed
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 6
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Slife — Hangzhou based Blockchain company.
  • Bifrost Global — Bifrost Global is a parachain designed for staking's liquidity.
  • The Blockchainer — The Blockchainer is a multinodal incubator plus specializing in blockchain. They provide one-stop, multi-nodal and strongly synergic services, including investment banking, advisory, PR & marketing, talent acquisition and global business tour, etc.Headquarted in Shanghai, they have built a world-class team of 80 professionals and establishedglobal branches in HK, Korea, Japan, US.
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OKX Ventures
VC Fund · Victoria, Beau Vallon, Seychelles · 3 investments in China Web3 startups, 11 in the past 12 months

OKX Ventures focus on the discoveries and investments in various aspects, including blockchain basic infrastructures, Layer2, DeFi, WEB3.0, NFT and Metaverse.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 265
  • Round size: Seed $1.5M–$12M; Series A $3.5M–$50M; Venture - Series Unknown $1M–$25M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • CAEX — CAEX is a crypto asset exchange operator. CAEX builds transparent and secure crypto asset trading platform for investors.
  • Coinone — Coinone is the cryptocurrency exchanges. Under the vision to ‘Bring Blockchain into the World,’ they aspires to lead the new world of finance through blockchain technology. They currently operates the third largest exchange. They prioritizes the protection of clients’ assets and is dedicated to providing the most secure investing environment.
  • townsquare — Crosschain RWA yield infrastructure powering stock tokens, RWAs & institutional strategies | https://t.co/5glAR6k007
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HSG
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 3 investments in China Web3 startups

HSG is a leading venture capital and private equity firm investing globally in the technology, healthcare, and consumer sectors.

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Investment focus

  • Industry: Artificial Intelligence, Biotechnology, Software
  • Stage:Series B, Series A, Seed
  • Geography: China, United States, Australia

Investor stats

  • Total investments: 970
  • Round size: Seed $2M–$50M; Series A $4.4M–$100M; Series B $12M–$226M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely still investing — raised $2.5B in 2024

Portfolio highlights

  • Z.ai — The AI Lab behind GLM models, dedicated to inspiring the development of AGI to benefit humanity. https://t.co/gOw7WpwkJt https://t.co/ot9sGVXU8x
  • Hypershell — An exoskeleton innovator reshaping lifestyles and enabling technology to empower life.
  • Suisheng Technology — Suisheng Technology is an innovative company specializing in AI-driven memory services, dedicated to developing intelligent solutions that help individuals and businesses capture, organize, and retrieve important information with greater efficiency and precision.
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Innoangel Fund
VC Fund · Beijing, Beijing, China · 3 investments in China Web3 startups, 73 in the past 12 months

Innoangel Fund is an investment firm that invests in early stage companies.

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Investment focus

  • Industry: Artificial Intelligence, Manufacturing, Robotics
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Hong Kong

Investor stats

  • Total investments: 277
  • Round size: Seed $450k–$29M; Angel $425k–$14M; Series A $1.4M–$28M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Lingyu Intelligence — Lingyu Intelligence engages in the manufacturing and sales of industrial robots, intelligent robots and service consumer robots.
  • Xijian Technology — XiJian Technology operates an intellectual property and commercialization pipeline for neuromorphic perception technology by implementing its proprietary "Tianmou" vision chip paradigm. Its architectural design mimics human retinal pathways by extracting discrete visual primitives at the hardware level to circumvent bandwidth constraintsin computational processing. This hardware-software approach provides an ultra-low latency, high dynamic range input layer tailored specifically for foundational world models and downstream physical robotic agents.
  • Ruilai Thermal Control Technology — Ruilai Thermal is a high-tech enterprise specializing in the research, development, production, and sales of thermal control technology,hermal management services, and related products. The company currently holds numerous patents. It has established academic cooperation projects with many domestic research institutes, ensuring a continuous streamof leading products to domestic and international markets.
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Milestone
VC Fund · Shanghai, Shanghai, China · 3 investments in China Web3 startups

Milestone Investment Management is a principal investment firm. Junjun Sun founded it in 2011, with its headquarters in Shanghai in China.

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Investment focus

  • Industry: Blockchain, FinTech, Software
  • Stage:Seed, Series A, Series B
  • Geography: China, Singapore, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $1.4M–$2.9M; Series A $1.5M–$15M; Series B $7.2M–$16M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Amber Group — We are a global digital finance leader, empowering clients with innovative solutions like wealth management, asset management and liquidity provision. Through pioneering tech and regulatory expertise, we help organisations and individuals shape the future of digital assets.
  • YouWorld — YouWorld's Fintech solution helps retailers reach global shoppers and accept payments from global wallets with no integration or store training needed.
  • Sobot — Sobot offers contact center solutions, including both customer service and marketing. The product range includes AI Chatbot, Live Chat, Voice, Ticketing, WhatsApp Business API, etc. Sobot commits to delivering an omnichannel and intelligent solution, ensuring seamless customer interactions across various channels. Sobot won many notable clientssuch as Samsung, OPPO, DFS, Philips, J&T, and Air Liquide. It has established strong and strategic partnerships with AWS Cloud, Alibaba Cloud, Meta, Salesforce, etc.Sobot wants to empower clients' business to achieve better customer experience and higher satisfaction. Through providing cutting-edge solutions, Sobot aims to create enormous values for enterprises or organizations to delight their customers and meanwhile increase their business performance.
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BlockVC
VC Fund · Beijing, Beijing, China · 3 investments in China Web3 startups

BlockVC.com is a dynamic domain name brimming with innovation and potential. The word block conveys strength, security, and stability, perfect for a variety of startups in the blockchain or cryptocurrency sectors. The abbreviation VC signif

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Investment focus

  • Industry: Blockchain, Internet, Information Technology
  • Stage:Venture - Series Unknown, Seed, Corporate Round
  • Geography: Singapore, United States, China

Investor stats

  • Total investments: 37
  • Round size: Seed $250k–$14M; Venture - Series Unknown $2M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Litentry — This is a place where Litentry developers and users can discuss anything related to Litentry
  • CERE Network — Cere Network is a blockchain CRM ecosystem platform optimized for service data integration and collaboration. The Cere Blockchain solutions capture the entire customer journey on the blockchain and stores key user data such as purchases, achievements, and usage in the user wallet.
  • Autonomous Worlds Engine — Autonomous Worlds are dynamic persistent environments where AI Agents can collaborate and adapt to solve complex problems.
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Collinstar Capital
VC Fund · Melbourne, Victoria, Australia · 3 investments in China Web3 startups

CollinStar is an asset management company with full-set, specializing in blockchain infrastructure, digital currency investment and relevant consulting services.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Corporate Round, Angel
  • Geography: China, United States, Malta

Investor stats

  • Total investments: 18
  • Round size: Seed $3.7M–$15M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • L2Y — L2Y wants to provide a GameFi Analytics and Trading Platform for P2E gamers to track data in one place. It integrates various Web 3.0 metaverse data into one platform so that users are informed of everything they need to know about GameFi. It also allows for relationships to be built in one place with guilds, game developers, players, tokenholders,and traders. Users can now effectively screen out high-quality projects and best-return GameFi opportunities.
  • MetaVisa — MetaVisa is a Layer 3 Middleware Protocol that provides a metaverse credit system based on blockchain data. MetaVisa Protocol helps users to establish and display reliable on-chain identity & credit records.
  • Bagels Finance — Trade smarter with Bitsgap, a seamless crypto trading platform with portfolio management, bot trading, and all exchange features under one roof.
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FBG Capital
VC Fund · Beijing, Beijing, China · 3 investments in China Web3 startups

FBG Capital is a digital asset management firm in blockchain-based capital market.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Initial Coin Offering
  • Geography: United States, Singapore, China

Investor stats

  • Total investments: 117
  • Round size: Seed $1.2M–$11M; Series A $6M–$50M; Initial Coin Offering $1M–$37M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • HashPower — The Full-Stack RWA Layer for AI Infrastructure
  • Inferix Labs — Inferix Labs is ​​a decentralized GPU network that provides GPU visual computing solutions dedicated to 3D/AR/VR rendering and AI inference.
  • Masa — Welcome to the Masa Fair AI Universe. Get real-time data, become a miner and earn rewards.
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IVC
VC Fund · Taipei, T'ai-pei, Taiwan · 3 investments in China Web3 startups

Who we are We are investors and entrepreneurs helping define the next generation of Blockchain startups. Our Focus Passionate founders. Disruptive models. Borderless markets. Exponential effects. Our Geography Starting from...

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Investment focus

  • Industry: Blockchain, Gaming, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, Singapore, Philippines

Investor stats

  • Total investments: 288
  • Round size: Seed $1.7M–$9M; Pre-Seed $480k–$4.5M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $70M in 2022

Portfolio highlights

  • Wizzwoods — 1st pixel farm game integrates interchain capabilities with a SocialFi twist.
  • SuperIntent — SuperIntent is a cryptocurrency AI app that streamlines on-chain earning tactics. Developed on a multi-agent framework with abundant yield sources.
  • SuperGaming — At SuperGaming, we are putting India on the global gaming map.
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Daocin Capital
VC Fund · Hangzhou, Zhejiang, China · 3 investments in China Web3 startups

Daocin Capital is an early equity investment firm that focuses on early projects on new retail, internet of things, financial technology, new entertainment, Artificial intelligence, blockchain ecology and other fields.The company, Daosheng Capital, won the 2016 Top 20 China Equity Investing Institutions and the 2017 China Equity InvestingAgency. Qiang, 2018 China's top 30 investment institutions; won the 2017 "Golden Man Award" Hangzhou's top ten investment institutions, 2018 "Golden Mang Award" Hangzhou's top ten investment institutions.Daosheng Capital was registered as a private equity fund manager in China.

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Investment focus

  • Industry: Robotics, E-Commerce, Enterprise
  • Stage:Angel, Series A, Seed
  • Geography: China, United States

Investor stats

  • Total investments: 55
  • Round size: Seed $1.4M–$5.8M; Angel $425k–$1.5M; Series A $1.4M–$16M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Boonray — Boonray is a global leader in ubiquitous robotics. It is committed to empowering traditional industries through robotics, AI and IoT technologies to create enterprise-class intelligent operational solutions. Different from robotic equipment manufacturing enterprises, Berla Technology focuses on the interconnection of various machines and realizesthe clustering intelligent operation and the mining of the data collected by the machine.
  • Gosion Robot — Guoxun Robot is a developer of industrial safety inspection robots.
  • Senv Intelligent — Senv Intelligent is a high-tech enterprise specializing in the research and development of intelligent sensing systems, dedicated to delivering advanced sensor technologies and smart perception solutions that support automation, real-time monitoring, data-driven decision-making, and the development of next-generation intelligent industries.
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Sky9 Capital
VC Fund · Shanghai, Shanghai, China · 3 investments in China Web3 startups, 14 in the past 12 months

Sky9 Capital is a leading venture capital fund dedicated to supporting disruptive technologies and outstanding innovators to drive change and create positive impact for the society, environment and individual lives.

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Investment focus

  • Industry: Software, Blockchain, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: China, United States, Singapore

Investor stats

  • Total investments: 163
  • Round size: Seed $2M–$22M; Series A $10M–$31M; Series B $12M–$100M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • PhoenixAI — Grow your business with 3X greater analytics performance powered by StarRocks and backed by the enterprise support and features of CelerData
  • Flova Tech — Flova is an all-in-one AI video generator for creating cinematic videos. Its AI video agent turns your ideas into videos, audio, consistent characters, and editable footage.
  • Yuzhou Technology — Yuzhou Technology is focused on developing a global AI-powered video creation platform. Conversational agent technology automates the whole production process, from concept and scriptwriting to storyboarding and final cut, with a particular focus on addressing issues in narrative coherence and character consistency.
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Dream Chaser Capital
VC Fund · Shenzhen, Guangdong, China · 3 investments in China Web3 startups

Dream Chaser Capital is an investment firm focused on providing angel investments in China. The firm was founded by Zhu Bo, a Chinese angel investor. The management team has accumulated many years of experience in Internet entrepreneurship and international management, creating a very high return on investment for shareholders and LPs.The firmhas previously established the Mobile Internet Incubation Accelerator “Innovation Valley," the first mobile Internet incubator in Guangzhou and Shenzhen. It also currently operates two mobile Internet incubators and accelerators in Guangzhou and Shenzhen.Dream Chaser Capital has been awarded the “Top 10 Chinese Angel Investment Institutions” and “China's Most Active Angel Investors” by the authorities.

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Investment focus

  • Industry: Internet, Blockchain, Social
  • Stage:Angel, Series A, Seed
  • Geography: China, Singapore

Investor stats

  • Total investments: 16
  • Round size: Angel $292k–$3M; Series A $472k–$5.1M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • 17Beauty — 17Beauty is a Consumer Upgrade Start Up Based in Beijing.
  • Dasudian.com — Dasudian is an artificial intelligence that the internet of things is using to change the way products are designed, manufactured, delivered, and serviced. Their products include all predictive data sciences but also features like the IoT data hub for massive data aggregation and device interactions, among others.
  • Jieshang Health — Jieshang Health specializes in Ai moxa inhalation and wormwood moxibustion for cigarette products to control smoking.
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Ledger Capital
VC Fund · Huangpu, Shanghai, China · 3 investments in China Web3 startups

Ledger Capital is a financial services and investment firm focused on digital assets and blockchain

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Bitcoin
  • Stage:Seed, Series A, Angel
  • Geography: China, Canada, Austria

Investor stats

  • Total investments: 13
  • Round size: Seed $1.5M–$4M; Series A $4.4M–$25M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NexGami — NexGami is a gamefi platform that empowers the next generation of players by reshaping the gaming landscape.
  • PayGo — One request = one settlement. Pay-as-you-go payments for APIs, AI & agents. x402 on ENI
  • Zulu Network — Zulu Network is the first DePin-focused Bitcoin Layer 2 to achieve the tokenization of computing power, allowing anyone to power DePIN innovation and earn Bitcoin.
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Polychain
VC Fund · San Francisco, California, United States · 2 investments in China Web3 startups

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committedto exceptional returns for investors through actively managed portfolios of these blockchain assets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 371
  • Round size: Seed $1.5M–$13M; Series A $6.5M–$30M; Venture - Series Unknown $5M–$45M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2026

Portfolio highlights

  • Yellow Card — Yellow Card is a licensed stablecoin payments infrastructure provider powering global money movement across USD and 50+ local currencies. Talk to us.
  • Blueprint Finance — Blueprint Finance develops protocols and infrastructure to advance on-chain financing.
  • M0 —
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Manzi Fund
VC Fund · Zhuhai, Guangdong, China · 2 investments in China Web3 startups

Manzi Fund is an angel fund.

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Investment focus

  • Industry: FinTech, Software, Analytics
  • Stage:Angel, Seed, Pre-Seed
  • Geography: China, United States

Investor stats

  • Total investments: 9
  • Round size: Angel $742k–$3M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • BiUP — BiUP is a currency exchange platform.
  • TODO BLOCK — TODO BLOCK is a management consulting and financing support service company in the blockchain sector.
  • Sports-Track — Sports-Track is a Enterprise services company.
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Imagination Fund
VC Fund · 2 investments in China Web3 startups

Imagination Fund is an investment fund.

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Investment focus

  • Industry: Blockchain, FinTech, Finance
  • Stage:Seed, Angel, Corporate Round
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • G-Wave — G-Wave is a blockchain financial technology company that provides digital asset trading services.
  • Shangbee.com — Beijing Based Fintech Company
  • Zhikang Chain — Zhikang Chain is a leading company in the field of blockchain technology.
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LongLing Capital
VC Fund · Xiamen, Fujian, China · 2 investments in China Web3 startups

Longling Investment Is An Equity Investment Institution Founded By The Famous Angel Investor Cai Wensheng. It Aims To Help More Innovation And Entrepreneurship And Provide Strong Support For Technological Innovation Entrepreneurs. Longling Investment Mainly Focuses On The Investment Direction Of The Internet And TMT Fields. The MainInvestment Stages Are: Seed Round, Angel Round And A Round. The B Round Will Selectively Follow The Investment, And At The Same Time, It Has A Clear Exit Plan. Pre-IPO Or Later Mature Projects.

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Investment focus

  • Industry: Software, Blockchain, E-Commerce
  • Stage:Angel, Seed, Series A
  • Geography: China, Singapore, Hong Kong

Investor stats

  • Total investments: 62
  • Round size: Seed $927k–$8.5M; Angel $425k–$1.4M; Series A $1.4M–$10M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Zhihuige — Zhihuige is as an AI customer service developer specializing in the e-commerce sector. The company focuses on providing AI-powered customer service solutions for e-commerce platforms, leveraging advanced artificial intelligence large model technology and proprietary natural language processing (NLP) algorithms.
  • Dora Factory — Dora Factory is the digital infrastructure builder of the Global Hacker Movement. It creates protocols, toolings, and public good infrastructures that help open source communities and frontier tech builders to thrive.
  • Pando Finance — Pando Finance is a licensed institution that provides investment solutions to corporate and individual investors. I t provides asset management, trading and advisory.
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Transference Fund
VC Fund · Shanghai, Shanghai, China · 2 investments in China Web3 startups

Transference Fund is an investment firm.

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Investment focus

  • Industry: Blockchain, Finance, Real Time
  • Stage:Seed, Series A
  • Geography: China, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Yuyan — Yuyan is a blockchain-based community prediction market that uses a real-time information aggregation mechanism.
  • Xcong.com — Xcong.com is a comprehensive information service provider in the field of digital currency and blockchain.
  • VENA Network — Discover budget-friendly domestic and international tour packages with Travizia Tours. From Kashmir to Dubai, book your dream vacation with the best deals.
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Mirana
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in China Web3 startups

Mirana Ventures is a leading global investment fund that provides long-term capital and strategic partnerships to visionary founders and fund managers in the Web3 space.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, Singapore, Hong Kong

Investor stats

  • Total investments: 125
  • Round size: Seed $2M–$20M; Series A $7.5M–$43M; Venture - Series Unknown $2M–$150M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Obita — Obita provides enterprise-grade borderless payment infrastructure for fiat and compliant stablecoins, supporting global collections, payouts, and treasury operations.
  • Inversion — Acquiring durable businesses.
  • Heritage Distilling — Heritage Distilling Co. (HDC) is a craft distillery based in Gig Harbor, Washington. HDC is the most awarded craft distillery in North America by the American Distilling Institute 10 years in a row. We pour a little of our heart into every batch of spirits we make.
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Multicoin Capital
VC Fund · Austin, Texas, United States · 2 investments in China Web3 startups

Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Series A
  • Geography: United States, Singapore, Switzerland

Investor stats

  • Total investments: 201
  • Round size: Seed $1.5M–$16M; Series A $8M–$72M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $430M in 2022

Portfolio highlights

  • Mevvy Network — Where MEV Happens Discover, create, and capture MEV faster Backed by @multicoincap
  • Inference — Inference infrastructure for AI-native teams. Join us on Discord https://t.co/ydLvUvpN4B
  • Ceramic Network — We've joined @textileio to build the first open intelligence network for AI agents. Follow us there.
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Kunlun Capital
VC Fund · Singapore, Central Region, Singapore · 2 investments in China Web3 startups

Kunlun Capital is a value-oriented and fundamentally driven family office. We do not manage external funds.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Seed, Series B
  • Geography: China

Investor stats

  • Total investments: 16
  • Round size: Seed $20M–$31M; Series A $5.4M–$40M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Ningbo Shanshan — Ningbo Shanshan engaged in the research and development, manufacture and distribution of lithium battery materials.
  • CellOrigin Biotech — CellOrigin Biotech is a company committed to iPSC-derived innate immune cell therapeutics.
  • HuidaGene Therapeutics — Hui-Gene is focused on R&D for single-gene disorders and has developed pilot pipes in neurodegenerative diseases.
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Blockchain Founders Fund
VC Fund · Singapore, Central Region, Singapore · 2 investments in China Web3 startups

We Focus Exclusively On Adding Value To Blockchain & Emerging Technology Projects With Real World Applications.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 263
  • Round size: Seed $550k–$6M; Pre-Seed $200k–$2.5M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Rilla — Demonstrating 90% reduction in cost-to-serve for live-streaming, Rilla is rewiring the content economy, directing the value generated back to creators and their communities.By leveraging audience bandwidth and rewarding them with ownership in the network, the savings are equivalent to a free month subscription every year for a moderate level ofviewership.Founded by the technical founders behind Altered State Machine, acquired for 214m. Together for 5+ ventures, collectively raising 130m+ and valued at 1b+.
  • Osmo — Osmo is a payment company that helps people to send and receive money immediately.
  • Uniblock — Uniblock helps connect developers with Web3 using our APIs and services. Our developers use Uniblock because of how easy it is to integrate into exciting applications. Try it for free today!
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Huobi Eco
VC Fund · Beijing, Beijing, China · 2 investments in China Web3 startups

Huobi Eco is an investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Finance
  • Stage:Seed, Series A, Corporate Round
  • Geography: China, Singapore, Japan

Investor stats

  • Total investments: 10
  • Round size: Seed $1.2M–$5M; Series A $1.4M–$51M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • MetaOne — Copy the exact CS2 crosshairs and share codes the best players use. Plus a free crosshair generator and aim trainer.
  • Optix — Optix is ​​a multi-chain option protocol service provider.
  • BovineVerse — BovineVerse is a Korean Metaverse chain game and sports guessing platform developer.
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Muneeb Ali
Angel · New York, New York, United States · 2 investments in China Web3 startups

Muneeb Ali is the Co-founder and CEO at Trust Machines and the Co-founder and Exec Chairman of Hiro System. Muneeb Ali attended Princeton University and Lahore University of Management Sciences.

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Investment focus

  • Industry: Bitcoin, Apps, Hardware
  • Stage:Seed, Angel
  • Geography: China

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Ryder — 60s Setup, Secure Signing, EAL6+ Secure Element, TapSafe Recovery, IP68 Rating, Encrypted NFC.
  • Arch — The pioneering network for building bridgeless apps directly on Bitcoin. Arch makes it easy to deploy interoperable smart contract-like programs on the L1, without fracturing liquidity or taking on bridge risk.
  • Zeus Network — Zeus Network is a cutting-edge and permissionless communication layer platform that connects connects Solana and Bitcoin.
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BeeChat Fund
VC Fund · 2 investments in China Web3 startups

BeeChat Fund

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Investment focus

  • Industry: Blockchain, Big Data, Ethereum
  • Stage:Series A
  • Geography: China

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • CodeIsTrust — CodeIsTrust Ltd is a custom blockchain data solutions provider, providing custom blockchain data to law enforcement agencies, governments, and financial institutions. In addition, CodeIsTrust is the developer behind Walletrek, a mobile Ethereum and ERC20 browser.
  • Block360.Pro — Connect directly with other traders, maintain control of your assets, and set your own terms. Experience cryptocurrency trading as it was meant to be.
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Web3 Investor funding in China at a glance

Stats across 427 deals from 655 investors.

655
investors
in China Web3 startups
427
deals
in China Web3 startups
$3M
median round
in China Web3 startups
34%
lead investors
lead at least one round
25%
Seed
most common funding stage
95/5
VC / Angel
share of investor count

Access all 655 investors in China Web3 startups.

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