IOSG Ventures

IOSG Venture is an early-stage venture capital firm founded in 2017 and based in Hong Kong, focusing on decentralized protocols and innovative companies in sectors such as blockchain, crypto, machine learning, Web 3.0, and fintech. The firm is community-oriented and research-driven, investing in very early-stage ventures that include open finance infrastructure and cross-chain technologies. IOSG Venture has established itself as a significant investor in prominent projects like Polkadot, NEAR Protocol, and Blockstack, while also participating in the staking of various blockchain networks. The team is distributed across key global locations including China, Seattle, Singapore, and Berlin, allowing them to maintain close connections with emerging scientific talent. With a decade of experience in technology investments, IOSG Venture aims to support ambitious teams by combining capital, expertise, and networks to foster innovation in the decentralized ecosystem.

Momir Amidzic

Principal

Gökhan Er

Managing Director

Jocy Lin

Founding Partner

Yiping Lu

Associate

Ishanee Nagpurkar

Principal

Siddharth Rao

Associate

Queenie Wu

Partner

Jiawei Zhu

Associate

Xinshu Dong Ph.D

Technical Partner

Past deals in ASIC

Ancient8

Seed Round in 2022
Ancient8 is a decentralized autonomous organization focused on creating the infrastructure for GameFi, emphasizing community development and software solutions. As Vietnam's largest blockchain gaming guild, it facilitates access to the Metaverse through various initiatives, including scholarships, blockchain education, and comprehensive research. Ancient8 aims to democratize social and financial opportunities within the Metaverse, striving to educate and empower a new generation of users. By providing tools and resources, the organization enables individuals to engage in play-to-earn video games while earning rewards, fostering a collaborative environment for the growth of blockchain technology and its applications in gaming.

MachineFi

Seed Round in 2022
MachineFi Lab specializes in designing Internet of Things (IoT) and blockchain technologies. The company has developed a comprehensive software platform that connects machines, providing a full infrastructure suite. This includes an Ethereum Virtual Machine (EVM) blockchain, a multichain crypto wallet, a blockchain bridge, and an onboarding platform. Additionally, it offers software development kits (SDKs) to facilitate the creation of applications and machine networks. By integrating these technologies, MachineFi Lab aims to enhance connectivity and functionality within the IoT ecosystem.

Aztec

Series A in 2021
The AZTEC protocol uses cutting-edge zero-knowledge proofs to enable private transactions on Ethereum. This enables the logic of transactions to be validated, whilst keeping the values encrypted.

StarkWare

Series C in 2021
StarkWare Industries Ltd, founded in 2017 and based in Netanya, Israel, specializes in developing software and hardware for generating and verifying computational integrity proofs. The company has created STARK, a zero-knowledge proof protocol that enhances scalability and privacy in blockchain applications. This technology allows for increased transaction throughput and enables off-chain computation while ensuring that sensitive underlying data remains confidential. StarkWare's solutions are designed to improve the efficiency, security, and overall user experience of blockchain systems, making them a key player in the field of cryptographic proof platforms.

Aurora

Series A in 2021
Aurora is an Ethereum Virtual Machine developed by the NEAR Protocol team, offering a seamless solution for developers to run applications on an Ethereum-compatible platform. It combines the benefits of Ethereum compatibility with the scalability and low transaction costs of the NEAR Protocol, creating a high-throughput environment for decentralized applications. The platform is designed to deliver an exceptional user experience, enabling Ethereum developers to transition effortlessly by simply changing the RPC endpoint. Aurora aims to facilitate the development of decentralized applications while ensuring affordability and efficiency for users.

Hats Finance

Seed Round in 2021
Hats Finance is a decentralized cybersecurity incentive network that aims to enhance security within the web3 environment. It operates a platform that allows projects to safeguard their smart contracts through a security vault and an ecosystem skin, thereby providing a more secure future for users of Ethereum. The network is governed by its stakeholders, which include hackers, project developers, and token holders, creating a collaborative approach to cybersecurity. This structure enables Hats Finance to address the evolving challenges of digital security in a decentralized manner.

Runtime Verification

Venture Round in 2021
Developer of formal methods and formal verification techniques intended to improve the safety, reliability, and correctness of computing systems for aerospace, automotive, and blockchain industries. The company engages in applies formal methods to enhance computing safety for aerospace, automotive, and blockchain industries, enabling organizations to ensure accessible trustworthy computing.

Hats Finance

Pre Seed Round in 2021
Hats Finance is a decentralized cybersecurity incentive network that aims to enhance security within the web3 environment. It operates a platform that allows projects to safeguard their smart contracts through a security vault and an ecosystem skin, thereby providing a more secure future for users of Ethereum. The network is governed by its stakeholders, which include hackers, project developers, and token holders, creating a collaborative approach to cybersecurity. This structure enables Hats Finance to address the evolving challenges of digital security in a decentralized manner.

Transak

Seed Round in 2021
Transak is a cryptocurrency payment platform that enables applications to facilitate fiat-to-crypto transactions for users worldwide. By aggregating various fiat on-ramps and simplifying local compliance and payment processes, Transak allows developers to integrate its services seamlessly through a simple widget, requiring only a few lines of code. This integration offers users an efficient way to buy and sell crypto assets, particularly in regions like the UK, Europe, and India, without the need to leave the host application. The platform ensures that transactions are settled without taking custody of users' data or funds, enhancing security and user experience.

Automata

Seed Round in 2021
Automata Network is a decentralized protocol that provides middleware-like traceless privacy services for decentralized applications on multiple platforms, including Ethereum, Polkadot and Binance Smart Chain, to achieve privacy, high assurance and frictionless computation.

Automata

Seed Round in 2021
Automata Network is a decentralized protocol that provides middleware-like traceless privacy services for decentralized applications on multiple platforms, including Ethereum, Polkadot and Binance Smart Chain, to achieve privacy, high assurance and frictionless computation.

Poolin

Initial Coin Offering in 2021
Multi-Currency Mining Pool. We currently mine: Bitcoin Litecoin Zcash BitcoinCash BitcoinSV Dash Monero Dogecoin Vcash Namecoin

0x

Series A in 2021
0x Protocol operates an open protocol that facilitates peer-to-peer exchange of assets on the Ethereum blockchain. Founded in 2017 and based in San Francisco, the protocol serves as a standard for decentralized exchanges, promoting interoperability among applications that require exchange functionality. The offerings include 0x Instant, which allows for crypto purchasing within apps and websites, and the 0x Launch Kit, which assists in launching relayers. Additionally, ZEIP-23 enables the trading of bundles of assets. The protocol supports developers in building relayers, utilizing networked liquidity, and engaging in market making, catering to a diverse range of markets from gaming items to financial instruments.

Transak

Seed Round in 2020
Transak is a cryptocurrency payment platform that enables applications to facilitate fiat-to-crypto transactions for users worldwide. By aggregating various fiat on-ramps and simplifying local compliance and payment processes, Transak allows developers to integrate its services seamlessly through a simple widget, requiring only a few lines of code. This integration offers users an efficient way to buy and sell crypto assets, particularly in regions like the UK, Europe, and India, without the need to leave the host application. The platform ensures that transactions are settled without taking custody of users' data or funds, enhancing security and user experience.

Razor Network

Seed Round in 2020
Razor Network PTE. LTD. is a Singapore-based company that specializes in developing a decentralized oracle network for decentralized finance applications. Established in 2019, Razor Network provides a platform that automates the fetching of external data, allowing smart contracts to operate without the risks associated with centralized servers. Its features include a secure and scalable proof-of-stake system, which enhances the reliability of data delivery. By eliminating centralized bottlenecks, Razor Network enables developers to build and manage decentralized applications more effectively. The platform is currently live on the Rinkeby test network and offers free querying of key financial data, such as the ETH/USD price, showcasing its commitment to facilitating access to essential information for the decentralized finance ecosystem.

Razor Network

Seed Round in 2020
Razor Network PTE. LTD. is a Singapore-based company that specializes in developing a decentralized oracle network for decentralized finance applications. Established in 2019, Razor Network provides a platform that automates the fetching of external data, allowing smart contracts to operate without the risks associated with centralized servers. Its features include a secure and scalable proof-of-stake system, which enhances the reliability of data delivery. By eliminating centralized bottlenecks, Razor Network enables developers to build and manage decentralized applications more effectively. The platform is currently live on the Rinkeby test network and offers free querying of key financial data, such as the ETH/USD price, showcasing its commitment to facilitating access to essential information for the decentralized finance ecosystem.

o1Labs

Series A in 2020
O(1) Labs is a software development company working on Mina Protocol, a tiny, portable blockchain. The company uses cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. It addresses one of the fundamental challenges in cryptocurrency by creating the first succinct blockchain that enables decentralization at scale. O(1) Labs was founded in 2017 and is headquartered in San Francisco, California by Evan Shapiro and Izaak Meckler.

o1Labs

Corporate Round in 2020
O(1) Labs is a software development company working on Mina Protocol, a tiny, portable blockchain. The company uses cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. It addresses one of the fundamental challenges in cryptocurrency by creating the first succinct blockchain that enables decentralization at scale. O(1) Labs was founded in 2017 and is headquartered in San Francisco, California by Evan Shapiro and Izaak Meckler.

umaproject

Seed Round in 2020
UMA is a decentralized financial contracts platform.

1inch

Seed Round in 2020
1inch Limited is a company that specializes in developing decentralized protocols for cryptocurrency trading. Founded in 2019 and based in the United States, 1inch operates the 1inch Network, which includes several key protocols: the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, and the 1inch Limit Order Protocol. These protocols work together to facilitate efficient and secure trading operations in the decentralized finance (DeFi) space, allowing users to execute transactions that are both profitable and fast. Through its innovative technology, 1inch aims to enhance the trading experience for users in the growing cryptocurrency market.

1inch

Seed Round in 2020
1inch Limited is a company that specializes in developing decentralized protocols for cryptocurrency trading. Founded in 2019 and based in the United States, 1inch operates the 1inch Network, which includes several key protocols: the 1inch Aggregation Protocol, the 1inch Liquidity Protocol, and the 1inch Limit Order Protocol. These protocols work together to facilitate efficient and secure trading operations in the decentralized finance (DeFi) space, allowing users to execute transactions that are both profitable and fast. Through its innovative technology, 1inch aims to enhance the trading experience for users in the growing cryptocurrency market.

UMA

Seed Round in 2020
Developer of a decentralized financial contracts platform designed to trade in derivative products. The company's product allows risk to move across the internet without a centralized authority or single point of failure, enabling customers to create their own financial products and benefit from automatic enforcement and instant settlement.

dHEDGE

Seed Round in 2020
Developer of a decentralized crypto asset management platform intended to manage investment activities on the Ethereum blockchain. The company's platform empowers managers to create their own pools in a decentralized manner and connects investment managers with investors in a non-custodial way, enabling managers to deploy quantitative and algorithmic trading strategies and run actively managed investment pools.

ChainSafe

Seed Round in 2020
ChainSafe Systems is a blockchain company based in Toronto that focuses on developing blockchain protocols and infrastructure systems. The company aims to empower developers by providing blockchain-agnostic tools designed for decentralized systems. ChainSafe offers user-centric systems that leverage emerging technologies, including blockchain, smart contracts, and machine learning. This approach enables developers to create versatile toolkits for building applications across various blockchain ecosystems, catering to organizations of all sizes and objectives.

Avalanche

Seed Round in 2020
Avalanche is an open-source platform designed for creating highly decentralized applications, financial primitives, and interoperable blockchains. It serves as a programmable smart contracts platform, enabling institutions, enterprises, and governments to launch assets and build applications. The platform allows users to create subnets with full control over their implementations, incorporating features such as compliance and data security directly into its framework. This versatility and focus on decentralization make Avalanche a robust choice for users seeking to develop innovative blockchain solutions.

Casper Labs

Series A in 2019
CasperLabs LLC is a company that develops an open-source blockchain platform based on a proof-of-stake consensus protocol. Founded in 2018 and headquartered in San Diego, California, CasperLabs focuses on creating a blockchain environment that facilitates real-world applications while ensuring usability, cost-effectiveness, decentralization, and security. Its CBC Casper protocol enables the development of software solutions in WebAssembly, and the company provides services related to network decentralization, consensus, and smart contract security. By removing barriers to mainstream blockchain adoption, CasperLabs aims to create an equitable foundation that empowers individuals and supports future innovations. The platform is designed to meet the operational needs of businesses, enhancing transparency and efficiency in transactions for companies and governments globally.

DFINITY

Pre Seed Round in 2018
DFINITY Foundation is a not-for-profit organization based in Zurich, Switzerland, established in 2016. It is dedicated to developing the Internet Computer, a groundbreaking platform that enhances the functionality of the internet by providing a public computing environment for developers and entrepreneurs. This platform allows for the creation and hosting of decentralized applications and services, promoting a new, open method for building websites and enterprise systems. DFINITY employs a decentralized protocol known as Internet Computer Protocol (ICP), which enables independent data centers worldwide to collaborate and deliver scalable, secure, and serverless cloud computing resources. The foundation operates research centers in several global locations, including Palo Alto, San Francisco, and Tokyo, and aims to restore the internet's original open nature, challenging the dominance of major tech companies. Through its innovative technologies and approach, DFINITY seeks to enhance the overall internet experience and empower users in the digital landscape.

MXC

Venture Round in 2018
MXC is building a global data network that allows the devices of tomorrow to connect, commit and communicate more efficiently than ever before. Cities, companies and individuals benefit by building the network, or using it to transmit and manage their data.

Taxa

Seed Round in 2018
Taxa Foundation PTE. LTD. is a Singapore-based company founded in 2018 that operates a decentralized computing network. Its infrastructure is designed to support blockchain applications, providing essential functionalities such as computing power, privacy protection, and flexibility for smart contracts. By leveraging advanced hardware-based technology, Taxa enhances the performance, privacy, and usability of various applications and frameworks, creating a robust environment for developers to build and deploy their solutions. The company's blockchain-agnostic approach allows it to cater to a diverse range of blockchain ecosystems, making it a versatile player in the decentralized computing space.

Taxa

Seed Round in 2018
Taxa Foundation PTE. LTD. is a Singapore-based company founded in 2018 that operates a decentralized computing network. Its infrastructure is designed to support blockchain applications, providing essential functionalities such as computing power, privacy protection, and flexibility for smart contracts. By leveraging advanced hardware-based technology, Taxa enhances the performance, privacy, and usability of various applications and frameworks, creating a robust environment for developers to build and deploy their solutions. The company's blockchain-agnostic approach allows it to cater to a diverse range of blockchain ecosystems, making it a versatile player in the decentralized computing space.

Conflux Foundation

Seed Round in 2018
Conflux Foundation Ltd., established in 2018 and located in Singapore, specializes in blockchain technology services. It operates a public blockchain system designed to achieve high transactions per second (TPS) while maintaining decentralization and security. Utilizing a unique algorithm and an innovative structure known as Tree Graph (TG), Conflux addresses performance limitations typically associated with consensus mechanisms. This approach mitigates various challenges faced in the industrialization of public chains. In its initial phase, Conflux employs a Proof of Work (PoW) mechanism as the foundation for its consensus protocol.

Cortex

Venture Round in 2018
Cortex Labs Pte. Ltd. is a Singapore-based company that specializes in creating a blockchain-based artificial intelligence platform designed to support smart contracts. Founded in 2018, Cortex enables users to upload their machine learning models to the public blockchain, allowing others to access and utilize these models to develop and deploy decentralized applications. The platform's primary objective is to facilitate the deployment of machine-learning models through smart contracts, enhancing the integration of AI capabilities within decentralized systems.

IoTeX

Seed Round in 2018
IoTeX is a blockchain platform focused on the Internet of Things (IoT), emphasizing privacy and user data ownership. Founded in 2017 and headquartered in Menlo Park, California, the company provides a decentralized infrastructure that allows users to maintain control over their data while adhering to global privacy regulations such as GDPR and CCPA. IoTeX offers various tools for developers, including a collaborative GitHub environment, a visualization tool for monitoring key metrics on its testnet, and a wallet for currency transactions. The platform supports a wide range of applications, from smart vehicles and city mapping to environmental data tracking and fitness solutions. With a governance foundation based in Singapore and a research and development team operating globally, IoTeX aims to create innovative solutions that enhance interaction between machines, humans, and businesses while ensuring trust and privacy.

Nimiq

Seed Round in 2018
Nimiq is a browser-based blockchain ecosystem that focuses on creating an open payment protocol designed to simplify and enhance the payment process. As a developer of an open-sourced platform, Nimiq enables fast and secure transactions using its own cryptocurrency. The platform allows users to send and receive payments efficiently while providing a secure wallet for storing their digital assets. By leveraging cutting-edge blockchain research and web technology, Nimiq aims to lower barriers to entry for users, making digital payments more accessible and transparent.

Theta Labs

Seed Round in 2018
Theta Labs, Inc., founded in 2017 and based in Cupertino, California, is the developer of the Theta Network, a decentralized blockchain-powered video streaming platform. The network enables users to share their bandwidth in a peer-to-peer manner, facilitating efficient video delivery while rewarding them with cryptocurrency. By leveraging existing streaming applications, Theta Network allows users to stream live content from popular platforms with reduced latency, thereby lowering content delivery costs for video providers. The company has attracted strategic investments from notable corporate entities, including Samsung NEXT and Sony Innovation Fund, as well as various media and venture capital firms. Theta Labs operates as a subsidiary of Sliver VR Technologies, Inc.

MakerDAO

Venture Round in 2017
MakerDAO is a decentralized autonomous organization that operates on the Ethereum blockchain, primarily focused on creating a stable cryptocurrency known as Dai. Founded in 2014 and headquartered in Santa Cruz, California, the organization seeks to minimize price volatility by backing Dai with collateralized debt positions and utilizing autonomous feedback mechanisms. This stablecoin system is designed to maintain its value against a basket of international currencies, providing users with a reliable digital currency for various financial services. MakerDAO also offers MKR, a governance token that plays a role in the utility and recapitalization of the Maker system, thereby enabling participants to have a say in its operations and future development.

DFINITY

Seed Round in 2017
DFINITY Foundation is a not-for-profit organization based in Zurich, Switzerland, established in 2016. It is dedicated to developing the Internet Computer, a groundbreaking platform that enhances the functionality of the internet by providing a public computing environment for developers and entrepreneurs. This platform allows for the creation and hosting of decentralized applications and services, promoting a new, open method for building websites and enterprise systems. DFINITY employs a decentralized protocol known as Internet Computer Protocol (ICP), which enables independent data centers worldwide to collaborate and deliver scalable, secure, and serverless cloud computing resources. The foundation operates research centers in several global locations, including Palo Alto, San Francisco, and Tokyo, and aims to restore the internet's original open nature, challenging the dominance of major tech companies. Through its innovative technologies and approach, DFINITY seeks to enhance the overall internet experience and empower users in the digital landscape.

Liquid

Initial Coin Offering in 2017
Liquid Group Co., Ltd. is a Tokyo-based company that develops and operates a cryptocurrency trading platform. Founded in 2014, the platform allows users to buy, sell, and trade major cryptocurrencies, including Bitcoin and Ethereum, against various fiat currency pairs such as Japanese yen, US dollar, Singapore dollar, Australian dollar, and Euro. By facilitating these transactions, Liquid aims to provide liquidity to the cryptocurrency economy, making it easier for businesses and individuals to engage in cryptocurrency exchanges.

Zilliqa

Seed Round in 2017
Zilliqa Research Pte. Ltd. operates a high-throughput blockchain platform designed to facilitate thousands of transactions per second. Founded in 2017 and based in Singapore, with an additional office in London, Zilliqa enables developers to create decentralized applications, peer-to-peer trading platforms, and marketplaces. The platform utilizes a novel sharding protocol to enhance transaction rates as the network grows, making it suitable for data-driven applications, particularly in machine learning and finance. Zilliqa’s functional programming language, Scilla, allows for static checks and formal verifications, ensuring security and reliability. Additionally, the company employs Proof of Work for miner verification to guard against Sybil attacks and implements Practical Byzantine Fault Tolerance to achieve consensus within the network.

Zilliqa

Initial Coin Offering in 2017
Zilliqa Research Pte. Ltd. operates a high-throughput blockchain platform designed to facilitate thousands of transactions per second. Founded in 2017 and based in Singapore, with an additional office in London, Zilliqa enables developers to create decentralized applications, peer-to-peer trading platforms, and marketplaces. The platform utilizes a novel sharding protocol to enhance transaction rates as the network grows, making it suitable for data-driven applications, particularly in machine learning and finance. Zilliqa’s functional programming language, Scilla, allows for static checks and formal verifications, ensuring security and reliability. Additionally, the company employs Proof of Work for miner verification to guard against Sybil attacks and implements Practical Byzantine Fault Tolerance to achieve consensus within the network.

Theta Labs

Funding Round in 2017
Theta Labs, Inc., founded in 2017 and based in Cupertino, California, is the developer of the Theta Network, a decentralized blockchain-powered video streaming platform. The network enables users to share their bandwidth in a peer-to-peer manner, facilitating efficient video delivery while rewarding them with cryptocurrency. By leveraging existing streaming applications, Theta Network allows users to stream live content from popular platforms with reduced latency, thereby lowering content delivery costs for video providers. The company has attracted strategic investments from notable corporate entities, including Samsung NEXT and Sony Innovation Fund, as well as various media and venture capital firms. Theta Labs operates as a subsidiary of Sliver VR Technologies, Inc.

Zilliqa

Seed Round in 2017
Zilliqa Research Pte. Ltd. operates a high-throughput blockchain platform designed to facilitate thousands of transactions per second. Founded in 2017 and based in Singapore, with an additional office in London, Zilliqa enables developers to create decentralized applications, peer-to-peer trading platforms, and marketplaces. The platform utilizes a novel sharding protocol to enhance transaction rates as the network grows, making it suitable for data-driven applications, particularly in machine learning and finance. Zilliqa’s functional programming language, Scilla, allows for static checks and formal verifications, ensuring security and reliability. Additionally, the company employs Proof of Work for miner verification to guard against Sybil attacks and implements Practical Byzantine Fault Tolerance to achieve consensus within the network.

Basis

Seed Round in 2017
Basis is a company based in Hoboken, New Jersey, that develops an algorithmic cryptocurrency protocol aimed at stabilizing purchasing power. Founded in 2017, Basis operates a decentralized platform that algorithmically adjusts the supply of its cryptocurrency, similar to how central banks manage fiscal policy by buying and selling debt. This system allows for automatic supply adjustments without direct human intervention, effectively functioning as an algorithmic central bank. The primary goal of Basis is to maintain price stability in the cryptocurrency market, enabling users to better understand and utilize the currency.

Lisk

Seed Round in 2016
Lisk is a blockchain application platform established in 2016 and headquartered in Zug, Switzerland. It enables developers to create blockchain applications and deploy their own sidechains linked to the Lisk network. The platform primarily supports applications written in JavaScript, allowing developers to build, publish, distribute, and monetize their projects within a customized cryptocurrency-powered environment. Lisk aims to simplify the development process for blockchain applications, providing tools and infrastructure that facilitate the integration of custom tokens and enhance overall accessibility for developers.

Lisk

Initial Coin Offering in 2016
Lisk is a blockchain application platform established in 2016 and headquartered in Zug, Switzerland. It enables developers to create blockchain applications and deploy their own sidechains linked to the Lisk network. The platform primarily supports applications written in JavaScript, allowing developers to build, publish, distribute, and monetize their projects within a customized cryptocurrency-powered environment. Lisk aims to simplify the development process for blockchain applications, providing tools and infrastructure that facilitate the integration of custom tokens and enhance overall accessibility for developers.
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