Fundraising Fox

Black Dragon

Funding platform

Pre-Seed–Seed

Fox Verdict
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Investment thesis

BlackDragon operates a community-driven fundraising platform centered on its native BDT token. Members buy and hold BDT to gain access to early-stage deals, with allocation determined by a fair pro-rata model tied to the percentage of tokens staked, avoiding gas wars. The platform emphasizes a premium user experience, minimal transaction fees, and a supportive community of serious investors who share insights, research reports, and actionable information provided by a dedicated team.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
Instruments
Equity
Founded
2017
Last 12 months
1 investment
Tracked investments
210

What they invest in

from 111 of 210 portfolio companies

Crypto & Web3 ×94Fintech ×50AI & Machine Learning ×30Data & Infrastructure ×25Gaming ×20Developer Tools ×11Cloud Computing ×10Consumer ×9

HQs:United States×10Netherlands×2Singapore×2Australia×1Estonia×1United Kingdom×1

Who they back

founder profiles across 33 portfolio companies
70%
solo founders
23 of 33 mapped founding teams
64%
repeat founders
of 28 founders with career history

Founding team size:solo founder×232 founders×73 founders×14+ founders×2

Where their founders studiedfrom 24 founders with education data

University of California, Berkeley ×2

1 hold an MBA (of 25 with degree data)

Investments · 210 tracked

founders shown can be your intro path

By year:2026 · 12021 · 12018 · 12015 · 14 dated

Aark Digitalaark.digital𝕏

Aark Digital is a non-custodial perpetual DEX built on Arbitrum, offering up to 1000x leverage across 25+ trading pairs with low trading fees, zero gas fees, and no KYC.

Crypto & Web3FintechSaaS

Co-investorsHashkey CapitalArkGrowArrington CapitalCrit VenturesArrington XRP CapitalOKX Ventures

Adaxadax.pro
Affynaffyn.comin𝕏

Affyn operates a multichain metaverse ecosystem powered by its $FYN token, offering NFT collections, virtual land, and a world viewer that link virtual and real-world experiences.

Crypto & Web3Gaming

Co-investorsLPI Finance

Airstackairstack.xyz

Airstack is a developer platform providing unified, AI-queryable APIs for onchain and web3 social data across chains and dapps.

Miami Beach, US

Jason Goldberg(Executive Officer, Director)

Co-investorsDelta BlockchainFenbushi CapitalRed Beard VenturesResolute VenturesWWVenturesAllen Day+13 more

Aleph Zeroalephzero.org

Proof-of-Stake public blockchain with private smart contracts.

Co-investorsCogitent VenturesGenblock CapitalNxGenRana Capital

Alkemialkemi.networkin𝕏

Alkemi Network provides DeFi lending and borrowing infrastructure for digital asset allocators, exchanges, custodians, and individuals, offering both permissioned and permissionless liquidity pools with institutional-grade risk management and compliance features.

Crypto & Web3Data & InfrastructureFintech

Co-investorsARC Angel Fund

Alterversealterverse.com
Ampleforthampleforth.org𝕏

FORTH DAO is a decentralized autonomous organization that governs the AMPL token and manages treasury assets through community voting, including protocol-owned liquidity and ecosystem grants in the elastic finance space.

Crypto & Web3FintechSan Francisco, US

Brandon Iles(Founder)inAguilar Gestany(Executive Officer)Karen Lasso(Executive Officer)Emilio Mc Entosh(Executive Officer)

Co-investorsCollab+CurrencyFounder CollectiveMagnus CapitalPantera CapitalSlow VenturesManifold Ventures

Ampnetampnet.io

ampnet is a provider of blockchain-based digital asset solutions for entrepreneurs across real estate, renewable energy, sports technology, and decentralized finance sectors.

AgTechCloud ComputingCrypto & Web3Developer ToolsEnterprise SoftwareFintechZagreb, HR

Ankrankr.com𝕏

Ankr provides Web3 infrastructure through a decentralized network of bare-metal nodes, offering RPC API access to 70+ blockchains, blockchain scaling services (rollups and sidechains), and staking solutions for developers and enterprises.

Cloud ComputingCrypto & Web3Data & Infrastructure

Stanley W.(Founder)in

Co-investorsBitDAOBorderless VentureMantle NetworkMapleblock CapitalPantera CapitalWorldQuant Ventures+1 more

Apertureaperture.finance

Aperture Finance is a decentralized finance platform that uses AI-powered, intent-based architecture, letting users express financial strategies in natural language through a chatbot that translates them into a domain-specific language for execution.

AI & Machine LearningCrypto & Web3FintechSunnyvale, US

Gao Han(Founder)inLian Zhu(Founder)in

Co-investorsAndromeda CapitalArrington CapitalCatcherVCParaFi CapitalStratified CapitalArrington XRP Capital

Archerdaoarcherdao.io
Asvalabsasvalabs.com
Avalonplayavalon.com𝕏

Avalon is an AI-powered multiplayer game where players create characters that persist across a shared universe of official and player-built worlds.

AI & Machine LearningCreator EconomyGaming

Co-investorsAndromeda CapitalBixin CapitalBixin VenturesCastrum CapitalCoinbase VenturesSanctor Capital+4 more

Axenaiaxenai.com
B Cubeb-cube.ai

A web portal for unstaking BCUBE tokens, allowing users to connect an Ethereum wallet and manage staked token balances on Ethereum Mainnet.

Crypto & Web3

Beamswapbeamswap.io
Beoblebeoble.io

Singapore, SG

Chanhyeok Yim(Founder)

Co-investorsDigital Currency GroupSamsung Next

Beraborrowberaborrow.com𝕏

Beraborrow is a decentralized protocol on Berachain that lets users deposit collateral to mint NECT, an over-collateralized stablecoin, and use auto-compounding vaults ("Dens") and onchain leverage tools.

Crypto & Web3Fintech

Co-investorsBorderless VentureOptic CapitalSMAPE Capital

Beyondfinancebeyondfinance.io
Bitspawnbitspawn.io𝕏

Bitspawn is a blockchain gaming protocol built around the SPWN token, offering NFTs, a Proof-of-Respawn reward mechanism, and a gaming data oracle that lets developers build gaming applications.

AI & Machine LearningCrypto & Web3Gaming

Blockbankblockbank.ai
Bloktopiabloktopia.com

A decentralized metaverse providing an unprecedented VR experience for the crypto community.

Co-investorsGenblock CapitalMagnus CapitalZBS CAPITALAnimoca Brands

Bloodloopbloodloop.com
Boson Protocolbosonprotocol.ioin𝕏

Boson Protocol is a decentralized agentic commerce protocol using non-custodial escrow, slashable seller bonds, and on-chain dispute resolution so agents, APIs, apps, and humans can trade any asset with untrusted counterparties.

AI & Machine LearningCrypto & Web3E-commerce

Co-investorsBR CapitalNarcissus VenturesWhite Paper CapitalOutlier Ventures

Buildonhybridbuildonhybrid.com𝕏

Hybrid is a platform for building custom AI agents and running AI on-chain, offering a Web3 copilot called Atlas for on- and off-chain data insights, along with a mixture-of-experts framework and decentralized storage.

AI & Machine LearningCrypto & Web3Developer Tools

Co-investorsNxGen

Cashmerecashmere.exchange
Centrifugecentrifuge.ioin𝕏Feb 2018

Centrifuge enables investors to access tokenized real-world assets (RWAs) such as Treasury Bills, Asset Backed Securities, and Real Estate on a blockchain infrastructure.

Crypto & Web3Data & InfrastructureFintechSan Francisco, US

Bhaji Illuminati(Founder)inMartin Quensel(Executive Officer, Director)inMarkus Ament(Executive Officer, Director)Philip Stehlik(Executive Officer, Director)in

Co-investorsArrington CapitalAtlanticBloccelerate VCBlockchain CoinvestorsBlueYard CapitalBorderless Venture+17 more

Cere Network Data Cloudcere.networkin𝕏

Cere Network is a decentralized data infrastructure protocol that uses edge clusters and AI agents to enable secure, real-time data automation for Web3 and AI applications.

AI & Machine LearningCrypto & Web3Data & Infrastructure

Co-investorsAlphabit FundArrington CapitalElliptiRed Building CapitalZMT CapitalArrington XRP Capital

Chain Guardianschainguardians.io

Anime-themed blockchain collectible game powered by NFTs.

Co-investorsGenblock CapitalSkyVision Capital

Chainlinkchain.linkin𝕏

Chainlink is an oracle platform that connects onchain applications with offchain data and external systems, serving major financial institutions and DeFi protocols with standards for data, interoperability, compliance, and privacy.

Crypto & Web3Data & InfrastructureFintech

Co-investorsAZDAGBig Candle CapitalBitDAOCogitent VenturesDCVC (Data Collective)Innovating Capital+8 more

Cheezecheeze.com

Co-investorsOlive Tree Capital

Chirptokenchirptoken.io𝕏

Chirp Token develops network infrastructure for decentralized connectivity and IoT applications.

Crypto & Web3Deep TechIoT

Codedestatecodedestate.com
Coinspaidcoinspaid.comin𝕏

Coinspaid provides blockchain-based payment systems that enable businesses to integrate cryptocurrency payment solutions into their operations.

Crypto & Web3FintechSaaS

Colonycolonylab.io

Colony (Colony Lab) is a crypto project on the Avalanche blockchain offering a governance token (CLY), staking contracts, and an index token (CAI) built on Phuture.

Crypto & Web3

Co-investorsBorderless VentureMC Ventures (Muhabbit Capital)

Commonwealthjoincommonwealth.xyzin𝕏

Commonwealth (WLTH) is a platform that lets individuals invest in private companies starting at $20, with holdings backed 1:1 by verified equity and the ability to buy and sell without long lock-up periods.

FintechMarketplaces

Co-investorsParaFi Capital

Concordiumconcordium.comin𝕏

Concordium is a blockchain platform that issues stablecoins as protocol-level tokens with built-in identity verification and zero-knowledge proofs, enabling compliant, secure digital currencies for both humans and AI agents.

AI & Machine LearningCrypto & Web3Data & InfrastructureFintech

Lars Seier Christensen(Founder & Chairman)inBoris Bohrer-Bilowitzki(CEO)inPeter Marirosans(Chief Technology Officer)in

Co-investorsSeier Capital

Covalentcovalenthq.comin𝕏

Blockchain data infrastructure firm whose decentralized Covalent Network indexes multi-chain data served via the GoldRush API.

Ganesh Swami(Founder)in

Co-investors1k(x)1kxBitDAOCoinbase VenturesIOSG VenturesMantle Network+6 more

Credoracredora.ioin𝕏Acquired

Credora provides risk ratings for decentralized finance markets, including tokens, lending pairs, and vaults.

Crypto & Web3Fintech

Co-investorsBollinger Investment GroupBreedCoinbase VenturesDigital Currency GroupWintermute

Cryptomedacryptomeda.tech
Cudoscudos.org

Decentralized cloud computing network uniting cloud and blockchain.

Co-investorsBorderless VentureRana Capital

DAO Makerdaomaker.com

Crypto consultancy, accelerator, market maker and launchpad.

Co-investorsChronos VenturesMagnus CapitalMapleblock CapitalPentos VenturesRana Capital

Decentralized Oracle for DeFirazor.network𝕏Jul 2021

Razor Network is a decentralized oracle network that supplies external data to smart contracts through a network of stakers, aimed at decentralized finance and other decentralized applications.

Crypto & Web3Data & InfrastructureNew York, US

Hrishikesh H(Founder)inMartin Bringmann(Executive Officer, Director)Katharina Volz(Executive Officer, Director)Narang Robbie(Executive Officer, Director)

Co-investorsSpark Digital CapitalZMT Capital

Decentrawebdecentraweb.org𝕏

Decentraweb provides decentralized domain registration and web3 identity services, allowing users to claim and register top-level domains on blockchain networks.

Crypto & Web3Data & InfrastructureDeveloper ToolsGaming

Michael Calce(Co-Founder & CEO)inAdam Barlam(Co-Founder & CTO)

Defactordefactor.comin

Defactor provides a platform for tokenizing and managing real-world assets across the full investment lifecycle, covering asset issuance, capital deployment, and ongoing management with built-in compliance and live reporting.

Crypto & Web3FintechSaaS

Defielevendefieleven.com
Definitydefinity.networkin

DeFinity operates an institutional electronic communication network (ECN) for trading digital assets and FX, offering liquidity across major cryptocurrencies, stablecoins, and fiat currencies with FIX API access, custody-agnostic settlement, and embedded AML/KYC compliance.

AI & Machine LearningCrypto & Web3Fintech

Dfistarterdfistarter.io𝕏

This page is a Vietnamese-language online gambling/betting portal promoting the "W88" brand, offering sports betting, card games, lottery, slot machines, and fish-shooting games.

Gaming

Digicoldigicol.io

The page is an online gambling/slot-game ("nổ hũ") betting platform in Vietnamese, offering slot games, card games, and fish-shooting games with jackpot payouts.

Gaming

Dreamsdreams.quest
Earnguildearnguild.io
Edu3Labsedu3labs.comin𝕏

Edu3Labs is an ecosystem for traders and investors combining a trading education academy (211 modules across TA, macro, DeFi, derivatives and algo trading), a multi-asset proprietary trading platform (ProPayout) offering Forex, crypto and US equities capital, an AI-native publishing arm (Edu3Press), and NFE token staking on BNB Chain.

Crypto & Web3EdTechFintech

Co-investorsAnimoca Brands

Egorasegoras.com

Egoras is a Naira-settled super-app for Nigerian users that combines ride-hailing, a local marketplace, encrypted messaging and calls, a short-video feed, and a wallet with asset/commodity trading under a single account.

ConsumerFintechMarketplaces

EPNSepns.ioin𝕏

Push Chain (formerly Push Protocol/EPNS) is a Layer 1 blockchain designed for "universal apps," letting developers build and deploy once while onboarding users from any chain without bridges and with gas payable in any token.

Crypto & Web3Developer ToolsFintech

Richa Joshi(Founder)in

Co-investorsBixin CapitalBixin VenturesBR CapitalNarcissus VenturesiSeedJump Crypto+7 more

Farcanafarcana.com𝕏

Farcana operates a blockchain-based game with a token economy built around its $far token, offering staking, vesting, airdrop, and Web3 bridge features.

Crypto & Web3Gaming

Ferrumferrum.network
Fetcchfetcch.xyzin𝕏

Fetcch labs is a research firm that builds tools and infrastructure for decentralized, autonomous applications, including projects across DeFi, onchain loyalty systems, and prediction markets.

Crypto & Web3Deep TechFintech

Mandar D.(Founder)in

Co-investorsAppWorks Ventures

Fetchfetch.aiin𝕏

Fetch.ai offers a personal AI assistant that fulfills user requests in natural language — such as booking flights, making reservations, and planning trips — by coordinating multiple specialized AI agents from trusted brands.

AI & Machine LearningConsumerCrypto & Web3

Humayun Sheikh(Founder)in

Co-investorsBlockwallRR2 CapitalSpark Digital CapitalArcher Venture CapitalDST GlobalGaingels+5 more

Browse all 210 investments with full details →

10 more tracked companies

WorkquestWorkxXendXpYarlooYayZeroswap DEX AggregatorZilliqaZkfinance이지스벤처스 포트폴리오 Shardeum

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Black Dragon made?
Black Dragon has 209 tracked investments, 2 of which have exited via acquisition or IPO.
What stage does Black Dragon invest at?
Black Dragon invests at the Pre-Seed, Seed stages.
What sectors does Black Dragon focus on?
Black Dragon focuses on Crypto & Web3.
Who does Black Dragon co-invest with?
Black Dragon most often shares deals with Arrington Capital, Cogitent Ventures, Mapleblock Capital, among 179 tracked co-investors.

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