Nonagon
Venture capitalSan Francisco · 8 people tracked
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Investment thesis
Nonagon Capital focuses on the blockchain sector, both investing in and building on blockchain technologies. The firm's portfolio spans gaming, digital identity, DeFi, entertainment/music, decentralized autonomous organizations, and UGC media, reflecting a broad interest in crypto-native applications and infrastructure. Operating out of San Francisco and Tokyo, the firm combines a presence in the US and Japanese markets to support blockchain builders and founders.
Source: firm website, verified Sep 20, 2026.
Team · 8 people
from the firm's websiteWhat they invest in
from 6 of 10 portfolio companiesCrypto & Web3 ×3AI & Machine Learning ×2Creator Economy ×2Gaming ×2Media & Entertainment ×2B2B Marketplaces ×1Deep Tech ×1Fintech ×1
HQs:Japan×1South Korea×1
Investments · 10 tracked
founders shown can be your intro pathBalance is a blockchain- and AI-based protocol that integrates Web3 tools for social and gaming experiences, evolving from the E-PAL gaming companion platform.
AI & Machine LearningCrypto & Web3Gaming
Co-investorsDataTribeLightspeed Venture PartnersSciFi VCStripeSyn Ventures Seed Management LlcTEDCO
D3 Global is building DomainFi infrastructure, tokenizing DNS domains as on-chain real-world assets via its Doma Protocol blockchain.
Fred Hsu(Founder)in
Co-investorsCoinbase VenturesMaelstromParadigmVentureSouqDharmesh ShahSandeep Nailwal
Kasagi Labo builds a platform unifying global anime and manga fandom, enabling fans to discover content and communities while helping IP owners and creators build direct relationships with audiences.
B2B MarketplacesCreator EconomyMedia & Entertainment
Kendrick Wong(CEO)Tony Izumi(CEO, Kasagi Labo Japan)inMichael(COO)Chih Yeong(Chief Financial Officer)inYi Li(Chief Investment Officer, General Counsel)inMarcus Low(CTO)
Co-investorsBurda Principal InvestmentsFermionGenesia VenturesGold House VenturesHashedSuperscrypt
Modhaus is a K-pop entertainment agency that operates as an open architecture platform, aiming to create a fan-centered music industry ecosystem by incorporating blockchain and metaverse technologies.
Creator EconomyMedia & EntertainmentSeoul, KR
Jaden Jeong(CEO)
Co-investorsAtinum Investment Co. Ltd.Global BrainKDDI Open Innovation FundLaguna InvestmentLB InvestmentReflexive Capital+2 more
Oasys is a gaming-focused blockchain built by gaming industry veterans, designed with user experience at its core through features like zero gas fees and fast transaction finality.
Crypto & Web3Deep TechGaming
Co-investorsCeras VenturesDigital Finance GroupFenbushi CapitalHyperithmSerafund1984 Ventures Management, Llc+5 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
E-Pal/BalanceHydra VenturesNoxx
Frequently asked questions
- How many investments has Nonagon made?
- Nonagon has 10 tracked investments.
- What sectors does Nonagon focus on?
- Nonagon focuses on AI & Machine Learning, Crypto & Web3, Fintech, Gaming, Media & Entertainment.
- Where is Nonagon located?
- Nonagon is headquartered in San Francisco, US.
- Who does Nonagon co-invest with?
- Nonagon most often shares deals with Maelstrom, Burda Principal Investments, Coinbase Ventures, among 19 tracked co-investors.
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