Fenbushi Capital
Asia's first blockchain-focused venture fund investing in companies and protocols since 2015.
Fenbushi is the greybeard of Asian crypto VCs - they were writing checks when most funds thought Bitcoin was Monopoly money. Founded by Bo Shen, Vitalik Buterin, and Xiao Feng in 2015, this A-class team made Fenbushi an investment shark on Asian and global crypto markets. With such considerable expertise, the Fenbushi Capital fund is deservedly regarded as one of the most influential players in Asia. The Vitalik connection (even as advisor now) still opens doors, but what's impressive is their portfolio depth - Circle went public, they nailed the infrastructure plays early. They have very strong network and influence in China and very tight connection with VeChain. The downside? They've been selling crypto assets at a loss recently, and with 300+ portfolio companies, you might get lost in the crowd unless you're a standout deal.
- —Best for: Asian market entry and established blockchain infrastructure plays
- —Watch out for: Portfolio crowding with 300+ companies, recent asset sales at losses
- —Known for: Ethereum OG status, deep China connections, infrastructure-heavy portfolio
Recognized for its early support of Ethereum, the firm continues to champion transformative projects at the forefront of blockchain innovation. Through research and investment, the firm aims to play a vital role in shaping the future of blockchain technology across diverse sectors.
Fenbushi Capital invests in projects across the blockchain sector, including decentralized finance (DeFi), infrastructure, security, media, content, and GameFi/NFTs. They target investments from seed stage to growth equity, aiming to drive growth in the blockchain industry through research and investment. Fenbushi Capital has made 68 investments in Seed stage with an average round size of $3.83M, 53 investments in Series A stage with an average round size of $13.3M.
Founder and General Partner of Fenbushi Capital. He is the developer of the BitShare platform, which performs the functions of a decentralized exchange and provides users with the capabilities inherent in banks. Past Jobs: ZAFED, CEO; DACx, CEO.
Founder and General Partner of Fenbushi Capital. He has more than 20 years of experience in the management of securities and assets. Xiao is the founder of Bosera Asset Management, one of the first major mutual funds in China, focusing on insurance and pensions. He is currently the vice-chairman of Wanxiang Financial Holdings.
Ethereum creator, Vitalik Buterin, was originally a General Partner at Fenbushi Capital. In 2018, he transitioned to an Advisory role in order to focus more time on Ethereum and other developments in the blockchain space. Vitalik says that he is proud to have worked with the Fenbushi Capital team, who support a large group of talented entrepreneurs who create a global blockchain ecosystem.
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