Fundraising FoxDePIN X
Venture capitalHong Kong · Pre-Seed–Seed
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Investment thesis
DePIN X focuses on the emerging DePIN sector, which aggregates scattered physical resources such as storage and compute into decentralized infrastructure networks. The firm backs early-stage DePIN projects with capital/liquidity, hardware equipment, ecosystem and media services, and consultancy. It offers mining infrastructure services including node operation with a 95/5 revenue split favoring the operator, one-click mining, transparent profit sharing, and Southeast Asian Tier 3 data centers. Citing market forecasts that the DePIN sector could reach several trillion dollars by 2028, the firm positions itself to provide both investment and operational support across the global DePIN ecosystem.
Source: firm website, verified Oct 2, 2026.
What they invest in
from 2 of 14 portfolio companiesAI & Machine Learning ×1Crypto & Web3 ×1Data & Infrastructure ×1Enterprise Software ×1Fintech ×1HR Tech ×1IoT ×1Logistics & Supply Chain ×1
HQs:United States×1
Investments · 14 tracked
founders shown can be your intro path
Samsara develops an operations management platform that digitizes workflows and improves safety, efficiency, and sustainability for organizations managing complex physical operations, serving customers in construction, transportation, warehousing, field services, manufacturing, retail, logistics, and the public sector.
AI & Machine LearningEnterprise SoftwareIoTLogistics & Supply ChainSaaSSan Francisco, US
John Bicket(Co-founder & CTO)inSanjit Biswas(Co-founder & CEO)
BoardMarc Andreessen(Director)in
Co-investorsAndreessen HorowitzDria VenturesFelicis VenturesGeneral CatalystKluz VenturesDragoneer Investment Group+1 more
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Polygon provides blockchain-based cross-border treasury settlement using stablecoins, letting institutions convert between US dollars and stablecoins, move funds onchain, and pay out over bank rails like SWIFT, ACH, and RTP.
Crypto & Web3Data & InfrastructureFintechHR Tech
Sandeep Nailwal(Founder)in
Co-investorsAlpha Wave GlobalCoinbase VenturesDigital Currency GroupDragonflyDraper AssociatesElevation Capital+32 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
aealeoarcelchiadlinkfilheliicpnervossoluni
Exits · 1
1 IPOsSamsaraNYSE: IOT
Frequently asked questions
- How many investments has DePIN X made?
- DePIN X has 14 tracked investments, 1 of which have exited.
- What stage does DePIN X invest at?
- DePIN X invests at the Pre-Seed, Seed stages.
- What sectors does DePIN X focus on?
- DePIN X focuses on Crypto & Web3, Data & Infrastructure, Hardware, IoT.
- Where is DePIN X located?
- DePIN X is headquartered in Hong Kong, HK.
- Who does DePIN X co-invest with?
- DePIN X most often shares deals with Andreessen Horowitz, Felicis Ventures, General Catalyst, among 23 tracked co-investors.
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