BN Capital
Venture capitalShanghai · Series A · 1 people tracked
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Investment thesis
BN Capital invests in blockchain and digital asset startups, viewing these technologies as catalysts for a decentralized, transparent and inclusive financial future. The firm targets innovative early projects building next-generation blockchain infrastructure, digital asset management platforms, and decentralized technology use cases. Beyond funding, it offers strategic support, industry leader resources and network access to help portfolio companies scale. Operating from Shanghai with a global mindset, BN Capital leverages deep domain expertise in the technology, regulation and market dynamics of the blockchain industry to identify and cultivate high-potential ventures across local and international markets.
Source: firm website, verified Aug 11, 2026.
Team · 1 people
from the firm's websiteWhat they invest in
from 1 of 16 portfolio companiesCrypto & Web3 ×1Data & Infrastructure ×1Enterprise Software ×1Fintech ×1
HQs:Hong Kong×1
Investments · 16 tracked
founders shown can be your intro pathCobo is a digital asset infrastructure company that provides custody and wallet technology, including Wallet-as-a-Service, to help organizations and developers manage and secure cryptocurrency and digital assets.
Crypto & Web3Data & InfrastructureEnterprise SoftwareFintechHong Kong, HK
Changhao Jiang(CTO and Co-founder)inLily Z. KinginMao Shixing(CEO and Co-founder)
Co-investorsDST GlobalIMO VenturesBitDAOCyberport Hong KongMantle NetworkA&T Capital+3 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ARPAAstrohotBpopChainPlusEveretteveriTokenGenfiGenFi (Hong Kong)GGE BlockchainMduKeymetaverseMetaverse (Financial Software)NVEXOkaybooktokenbetter
Portfolio news
latest coverage across their companiesCobo · cobo.com · May 28, 2026
Fund performance · per public LP disclosures
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| BN Capital Fund II, L.P.LPs: Los Angeles County Employees Retirement Association | 2017 | — | -1.0% | 0.96x | 0.83x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has BN Capital made?
- BN Capital has 16 tracked investments.
- What stage does BN Capital invest at?
- BN Capital invests at the Series A stage.
- What sectors does BN Capital focus on?
- BN Capital focuses on Crypto & Web3, Fintech.
- Where is BN Capital located?
- BN Capital is headquartered in Shanghai, CN.
- Who does BN Capital co-invest with?
- BN Capital most often shares deals with BitDAO, Cyberport Hong Kong, Mantle Network, among 3 tracked co-investors.
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