Fundraising Fox

Cryptonite Capital

Venture capital

Pre-Seed–Seed · 4 people tracked

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Investment thesis

Cryptonite Capital believes the institutional adoption and maturation of the Web3 ecosystem presents a significant opportunity for early-stage innovation. The firm's investment philosophy emphasizes identifying founder-market fit and applying deep research capabilities to help portfolio companies navigate the complex crypto landscape. Leveraging their team's combined experience as crypto-native founders, operators, and institutional investors, they position themselves to provide both strategic guidance and market expertise to support their portfolio.

Source: firm website, verified Jul 21, 2026.

Stage
Pre-Seed–Seed
Instruments
Equity
Founded
2013
Tracked investments
25

Team · 4 people

from the firm's website
David Hu· Founding Partnerin
Dennis Ly· Founding Partnerin
Mikael Wang· Founding Partnerin

Technical co-founder of Cryptonite Capital with deep Web3 expertise. He previously served as CTO and co-founding team member of BTCChina, an early major cryptocurrency exchange in China, where he led development of the platform's exchange infrastructure, mining systems, and security protocols. He provides technical advisory to portfolio companies and oversees security frameworks for fund operations.

Simon Cai· Founding Partnerin

Investments · 25 tracked

founders shown can be your intro path
Asterix Labs
Bancor
Connext
Ethereum
Gala Games
Gnosis Safe
Imx
Kyber
Loopring
Metis
Mina
Moonbeam
Polkadot
Port3
Qorpo
Render Network
Rootstock Infrastructure Framework
Solana
Sov
Star Atlas
Steadefi
Sushiswap
Tapiocadao
Thorchain
Ultiverse

Frequently asked questions

What stage does Cryptonite Capital invest at?
Cryptonite Capital invests at the Pre-Seed, Seed stages.
What sectors does Cryptonite Capital focus on?
Cryptonite Capital focuses on Crypto & Web3, Media & Entertainment.

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