/Investor DB

BN Capital

Venture capital

Shanghai · 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.

Stage
Series A
HQ
Shanghai, CN
Instruments
Equity
Founded
2016
Tracked investments
16

Team · 1 people

from the firm's website

What they invest in

from 1 of 16 portfolio companies

Crypto & Web3 ×1Data & Infrastructure ×1Enterprise Software ×1Fintech ×1

HQs:Hong Kong×1

Investments · 16 tracked

founders shown can be your intro path
Cobocobo.comin𝕏

Cobo 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 companies

Fund performance · per public LP disclosures

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
BN Capital Fund II, L.P.LPs: Los Angeles County Employees Retirement Association2017—-1.0%0.96x0.83x

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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