/Investor DB

FBG Capital

Venture capital

Beijing · Pre-Seed–Series A · 3 people tracked

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Investment thesis

FBG concentrates on early-stage blockchain and digital asset companies, positioning itself as one of the earliest and largest investors in the space. The firm targets ventures that accelerate disruptive innovation across the blockchain ecosystem.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
Beijing, CN
Instruments
Equity
Founded
2015
Tracked investments
10
Unicorns
1
IPOs
1

Team · 3 people

from public directories
Jingcheng Liin

What they invest in

from 9 of 10 portfolio companies

Crypto & Web3 ×7Fintech ×5Data & Infrastructure ×2Enterprise Software ×2Media & Entertainment ×2Consumer ×1Future of Work ×1Gaming ×1

HQs:United States×4France×1

Investments · 10 tracked

founders shown can be your intro path

By year:2022 · 22021 · 22018 · 22017 · 17 dated

0x Labs0x.orgin𝕏crypto exchanges: ZRXAug 2017

0x provides onchain routing and liquidity aggregation infrastructure for enterprise wallets, payments platforms, and exchanges.

Crypto & Web3Data & InfrastructureFintechSan Francisco, US

Will Warren(Founder)inAmir Bandeali(Founder)inAlex Q. Xu(Co-Founder)inFulvia Morales(Director of Product (previously Group Product Manager))Stuart Law(Head of Operations)inTheo Gonella(Group Product Manager)in

Co-investorsA.Capital VenturesArchetypeBitDAOBlockchain CapitalBlockchain.com VenturesCoinbase Ventures+15 more

Bluefinbluefin.ioin𝕏✓ verified

Bluefin is an orderbook-based decentralized derivatives exchange built for both first-time users and professional traders.

Crypto & Web3Fintech

Ahmad Jawaid(Founder)in

Co-investorsAltonomyAmber GroupCompoundHashedLedgerPrimeAlliance DAO (ex DeFi Alliance)+16 more

AERGOaergo.ioin𝕏Nov 2018

AERGO is a blockchain platform positioned for broad, general-purpose use.

Crypto & Web3

Co-investorsWolfEdge CapitalZMT CapitalArrington XRP CapitalBlock Crafters CapitalDekrypt CapitalGBIC+2 more

Cashmerecashmere.finance𝕏Seed · Aug 2022 · $3MDefunct

Cashmere provides a multi-signature Solana wallet that allows enterprises and startups to manage cryptocurrency holdings across multiple authorized signers rather than concentrating control in a single account.

Crypto & Web3FintechSan Francisco, US

Shashank Khanna(Founder)inRebecca Lee(Founder)inCharlotte McGinn(Founder)in

Co-investorsCoinbase VenturesNotation CapitalSoma CapitalSouth QuadY CombinatorAndreessen Horowitz+13 more

CoinListcoinlist.coin𝕏Jan 2021

CoinList operates a platform for token sales, pre-IPO stocks, equities, and funds, serving as infrastructure for financial markets and payments onchain.

Crypto & Web3Data & InfrastructureFintech

Brian Tubergen(Founder)inJoshua Slayton(Founder)in

Co-investorsAccompliceAgman PartnersBlockchain CapitalBlockchain CoinvestorsCoinFundCollab+Currency+19 more

Konomikonomi.networkMar 2021 · $5M

Konomi is a publishing platform that produces educational content about blockchain technology and its applications across various industries beyond finance.

Crypto & Web3Media & Entertainment

Ariel Hoin

Co-investorsBlack DragonAltonomyAU21 CapitalBTX CapitalDigital Finance GroupLD Capital+2 more

Nervosnervos.orgJul 2018 · $28M

Ethereum-compatible network with a leaderless consensus designed to run on an uncapped number of independent nodes

Jan Xie(Founder)inDaniel Lv(Founder)Kevin Wang(Founder)inTerry Tai(Founder)

Co-investors1k(x)1kxBlockchain CapitalBlockchain CoinvestorsMulticoin CapitalStruck Capital+9 more

NuCypher (aka Threshold Network)threshold.networkin𝕏SeedDefunct

Threshold Network is a decentralized protocol that enables Bitcoin to be used across multiple blockchain networks and financial markets through its tBTC token, facilitating lending, staking, trading, and yield-generation activities.

Crypto & Web3Enterprise SoftwareFintechAustin, US

MacLane Wilkison(CEO)inMichael Egorov(CTO)John Pacific(Engineer)Ravital Solomon(Cryptographer)Arjun Hassard(Product Lead)

Co-investorsCathay CapitalCollab+CurrencyCompoundDigital Finance GroupFusionReciprocal Ventures+21 more

Quivrquivr.appin𝕏Aug 2022 · $3.5M

Quivr provides an AI-powered system that integrates with helpdesk platforms like Zendesk to help support teams draft and automate customer responses while handling ticket resolution.

Enterprise SoftwareFuture of WorkParis, FR

Stan Girard(CTO)inAntoine Dewez(CPO)inBrian Laleye(Founder)Martin Thenot(Founding Engineer)Amine Dirhoussi(CTO)

Co-investorsKima VenturesTranspose Platform ManagementY CombinatorC2 VenturesEight Capital

rct AIrct.aiin𝕏Series A

rct AI develops artificial intelligence systems for non-player characters in video games and metaverse environments, using deep learning and reinforcement learning to create interactive and adaptive gameplay experiences.

ConsumerGamingMedia & EntertainmentLos Angeles, US

Xinjie Ma(Founder)inCheng Lyu(Founder)Xiaolong Mu(Creative Director)Xiankun Wu(President)inChen Yuheng(COO)inSergio C(Founder)

Co-investorsLeonis CapitalLucidBlue VenturesPKSHA Technology CapitalY CombinatorY2Z VenturesBonfire Union+7 more

Exits · 1

1 IPOs

0x Labscrypto exchanges: ZRX

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has FBG Capital made?
FBG Capital has 10 tracked investments, 1 of which have exited.
What stage does FBG Capital invest at?
FBG Capital invests at the Pre-Seed, Seed, Series A stages.
What sectors does FBG Capital focus on?
FBG Capital focuses on Crypto & Web3.
Where is FBG Capital located?
FBG Capital is headquartered in Beijing, CN.
Who does FBG Capital co-invest with?
FBG Capital most often shares deals with A.Capital Ventures, Coinbase Ventures, Greylock Partners, among 19 tracked co-investors.

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