IOSG Ventures

IOSG Ventures is a research- and thesis-driven venture capital firm founded in 2017 that invests in early-stage Web3 companies and protocols. Its stated focus spans infrastructure, middleware, security and social/consumer application platforms, and it describes itself as backing founders building community-friendly, protocol-native systems. Third-party profiles characterize the firm as crypto-native and infrastructure-first, working with technical founders at the intersection of cryptography, consensus mechanisms and AI/compute systems, with particular attention to decentralized protocols, restaking and compute networks.

The published portfolio is organized into categories including base-layer protocols (Avalanche, Celestia, Cosmos, Dfinity, IoTeX, Mina, NEAR, Polkadot, Monad, Oasis Labs, Phala, Conflux, Autonomys), DeFi (0x, MakerDAO, Morpho, Synthetix, Centrifuge, DODO, Kyber, UMA, SynFutures, Solv, Transak), Layer-2 and cross-chain (Arbitrum, Optimism, Polygon, zkSync, Scroll, StarkWare, Aztec, Taiko, Celer, Connext, Moonbeam, Aurora, deBridge, BOB, Fhenix), technical infrastructure (EigenLayer, Filecoin, Arweave, Flashbots, Infura, ConsenSys, Gelato, Babylon, AltLayer, Renzo, Blocknative, Covalent, Kiln, Space and Time, Primev, Ingonyama), GameFi (Illuvium, Big Time, Ancient8, The Beacon, Playmint), NFT/social (Galxe, CyberConnect, Kettle, ETHSign), applications (MetaMask, Safe, Mask Network, Coin98, Push, OneKey), DAO/accelerator vehicles (Gitcoin, MetaCartel, DAOHaus, Seed Club, DeFi Alliance) and security (Runtime Verification, Hats, Audit Wizard). External trackers count roughly 120–140 tracked investments.

Alongside investing, the firm publishes market and protocol research authored by its team on topics such as stablecoins in Asian cross-border payments, digital-asset integration by fintech platforms, and valuation analyses of crypto assets, and it convenes the recurring "Old Friends Reunion" event series for founders, developers and investors.

Business model

IOSG Ventures operates as a venture capital fund, deploying capital from its funds into equity and token positions in early-stage Web3 companies and protocols. Reported typical check sizes cluster around $1.5 million, within a range of roughly $100,000 to $5.0 million, and the firm both leads rounds (e.g., Interlay, prePO, Ingonyama) and participates as a syndicate member alongside funds such as Paradigm, a16z crypto, Polychain Capital, Variant, Multicoin Capital and Blockchain Capital. It also maintains relationships with traditional limited partners and sovereign-linked institutions in digital asset markets.

As a venture fund, the firm's economics derive from managing investment capital in early-stage Web3 equity and token positions; one data provider estimates its annual revenue scale at $500 million to $1 billion as of July 2026, and classifies it under Finance and Insurance (NAICS 52), financial services.

Traction

Public and third-party listings credit IOSG with approximately 120 to 140 investments and a portfolio that includes Arbitrum, EigenLayer, Scroll, zkSync, Celestia, Polkadot, NEAR, MakerDAO, 0x, Illuvium, Big Time, Galxe, CyberConnect, MetaMask and Safe. Disclosed deal participation ranges from pre-seed cheques to large later-stage rounds such as Morpho's $175 million raise. Its 2020 DeFi Summit drew 912 registrations and more than 1,000 attendees, and its event series has run at least twelve editions since 2019.

Latest developments

In June 2026 a partnership with Centrifuge was reported, pairing Centrifuge's infrastructure for launching and managing tokenized investment products with IOSG's relationships among traditional limited partners and sovereign-linked institutions in the region. Recent disclosed investment activity includes participation in Morpho's $175 million round (June 2026), the pre-seed round of Solana-ecosystem DePIN/AI project Voyage ($3 million, October 2025), a $9.5 million strategic round for Bitcoin L2 BOB (August 2025), Shaga's $4 million seed (February 2025), FanTV ($5.5 million, January 2025), Usual Labs' $10 million Series A, Kettle's $4 million round, Hyperbolic's $12 million Series A and OpenLayer's $5 million round (all late 2024). The firm continues to publish research on topics including bitcoin treasury yield structures, Bittensor/TAO, fintech integration of crypto infrastructure and stablecoins in Asian cross-border payments.