NGC Ventures

NGC Fund II is a venture capital fund managed by NGC Ventures, established in 2017 and based in Singapore. The fund focuses on investing in early-stage startups and projects within the software, fintech, cryptocurrency, and blockchain sectors. NGC Ventures is recognized as an investor in blockchain and distributed ledger technologies, aiming to support innovative developments in these rapidly evolving fields. As part of its strategic approach, NGC Fund II seeks to identify and nurture promising ventures that leverage emerging technologies to drive growth and transformation in the digital economy.

Carey Cai

Investor

Andrea Chang

Venture Partner

Zihao Chen

Partner

Kay Fong

Venture Partner

Tony Gu

Co-Founder and General Partner

Fangyuan Hong

Managing Director

Bao Jie Lau

Analyst

Jack Lu

Partner

Tony Tao

Founder

Henry Zhang

Investor

Liam Zhang

Investor

Wayne Zhu

General Partner

Butian L.

Investor

Past deals in ASIC

Airstack

Pre Seed Round in 2023
Airstack is a developer of an artificial intelligence-powered platform that facilitates access to on-chain data across multiple projects and blockchains. The company organizes decentralized application transactions into virtual stacks of data, which enables developers to easily query and incorporate both web3 on-chain data and related off-chain data into their applications. This streamlined access to information helps enhance the development process in the evolving landscape of decentralized technologies.

Atato

Series A in 2022
Atato is a digital assets technology company based in Bangkok, Thailand, founded in 2017. The company specializes in developing customized blockchain platforms that enable businesses to connect with blockchain networks and harness the advantages of blockchain technology. Atato focuses on creating next-generation infrastructure for the issuance and management of digital assets. It offers software solutions that facilitate the transfer of value over the Internet and provide advanced data analysis, visualization, and actionable intelligence. These tools help financial institutions interact with blockchain-based businesses while ensuring compliance and safeguarding the integrity of cryptocurrency transactions.

Analog

Seed Round in 2022
Analog is an omni-chain interoperability protocol suite built on top of the Nominated Proof-of-Stake (NPoS) consensus algorithm that will soon be replaced by a more decentralized and fairer Proof-of-Time (PoT) protocol. The Analog tech stack consists of the Timechain (a consensus-agnostic protocol maintained by a dynamic and decentralized validator set), developer toolkits, and APIs—all designed to break down the barriers of cross-chain communication. The Watch SDK, a Web3 data infrastructure toolkit for deploying and querying data from connected chains, is among the first developer toolkits built on top of the Timechain. To enhance the overall UX when it comes to querying blockchain data, the Analog team has implemented a low-code and intuitive platform called the Watch UI that runs on top of the Watch SDK called the Watch UI. Developers can use these tools to deploy and explore quickly and query on-chain data from any connected network via a unified API. To progress towards a permissionless interoperable Web3 future, Analog intends to extend the capabilities of the Watch SDK to include cross-chain smart contract execution calls by implementing a General Message Passing (GMP) SDK. The GMP SDK will provide developers with a simple framework for building cross-chain applications that extend beyond token transfers. Besides providing interoperability functionality, Analog also offers the Timegraph SDK that makes it easy for users/applications to query any blockchain data via an intuitive and unified interface (Timegraph API). The Timegraph SDK also creates a robust Query Marketplace—also called the Analog Watch—that users can leverage to access organized Web3 data from connected chains and listed smart contracts.

YuzuSwap

Seed Round in 2021
Developer of decentralized exchange platform designed to provide tools to discover and swap tokens within the Oasis ecosystem. The company's platform follows a non-custodial, peer-to-peer, automated-market-maker model, enabling clients to provide a safe, swift, low-cost tool to discover and swap tokens.

Agoric

Funding Round in 2021
Agoric Systems Operating Company, founded in 2018 and based in San Francisco, California, develops a framework designed to enhance the programming of smart contracts across various blockchain environments. This platform allows developers to create and deploy smart contracts using JavaScript, making the process more accessible and secure for millions of programmers globally. Agoric's framework emphasizes composability, enabling rapid development and competitive advantages in the blockchain ecosystem. By facilitating secure execution of transactions and the establishment of new markets, Agoric aims to foster innovative business models and global cooperation through digital assets. The team comprises experienced technologists and economists who have collaborated in smart contract technology for over three decades, and the company has formed partnerships with notable projects and received backing from several prominent investment firms.

Slope Finance

Seed Round in 2021
Developer of a community-based decentralized exchange platform designed for crypto trading. The company's platform offers a decentralized automated full limit order book, crypto wallet, and NFT option with an interface familiar to centralized exchanges, enabling crypto traders to trade fast and store and manage digital assets with an intuitive interface.

Algomint

Seed Round in 2021
Algomint is a blockchain infrastructure that provides a bridge to mint a variety of digital assets on the Algorand network. The company was founded in 2021 and is based in Brisbane, Queensland, Australia.

XCarnival

Seed Round in 2021
XCarnival operates as a crypto influencer. XCarnival is dedicated to constructing non-standard asset leasing, pawning, and lending companies.

Pontem Network

Seed Round in 2021
Pontem is a Substrate-based chain using a code base almost identical to Diem’s.

Pontem Network

Venture Round in 2021
Pontem is a Substrate-based chain using a code base almost identical to Diem’s.

Lever.Network

Seed Round in 2021
The first AMM-based decentralized margin trading platform. Have been successfully closing of our seed funding round led by NGV Ventures, Ark Stream, LD Capital, AU21Capital, along with contributions from TheDaoMaker, FoundationYbb,DFG Group and other Top VCs in the group.

Yieldly

Seed Round in 2021
Yieldly is a protocol building the first dynamic suite of non-custodial smart contracts on Algorand, with a lossless lottery as the initial use case.is a protocol building the first dynamic suite of non-custodial smart contracts on Algorand, with a lossless lottery as the initial use case.

Parami

Seed Round in 2021
Parami Protocol proposed an AD 3.0 paradigm powered by blockchain for Web 3.0. It provides a protocol stack for building a user-centric, tokenized advertising economy. Parami Protocol provides a complete set of PDID (Parami DID) solutions compatible with W3C DID standard onParami Node, and expands its business on the basis of DID standard. Parami Protocol will also provide DID aggregators for other DID standards.

Spherium Finance

Seed Round in 2021
Operator of a decentralized financial platform intended to provide a circular consensus economy for DeFi. The company offers a unified platform with cross-chain support, its functionality, mobile-first AMM, decentralized money markets, a user-friendly experience, and multi-wallet integration, cross-chain bridge, enabling users to have complete control of their finances while being able to manage and trade assets on large liquidity pools cost-effectively and efficiently.

Saito

Seed Round in 2021
Saito is a new kind of blockchain designed to process terabytes of data every day, enough to decentralize everything from small scale services such as micro-payments, to mass-scale platforms like email and social networks. In the future, Saito will even offer a decentralized alternative to the Lightning Network for off-chain bitcoin payments.

Spherium Finance

Seed Round in 2021
Operator of a decentralized financial platform intended to provide a circular consensus economy for DeFi. The company offers a unified platform with cross-chain support, its functionality, mobile-first AMM, decentralized money markets, a user-friendly experience, and multi-wallet integration, cross-chain bridge, enabling users to have complete control of their finances while being able to manage and trade assets on large liquidity pools cost-effectively and efficiently.

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.

Frontier

Seed Round in 2020
Manage your DeFi positions across multiple protocols without compromising your safety or security.

Ava Labs

Initial Coin Offering in 2020
Ava Labs specializes in providing a platform for launching finance applications through blockchain technology. The company focuses on highly scalable and efficient networks, offering customizable public and private blockchains and enabling the creation of various digital assets. Its innovative approach includes a novel probabilistic consensus protocol that enhances transaction speed and reduces deployment costs. This technology simplifies the creation, trading, and discovery of both existing and new asset types. Ava Labs aims to empower individuals to participate in an open and accessible digital finance landscape.

Ava Labs

Initial Coin Offering in 2020
Ava Labs specializes in providing a platform for launching finance applications through blockchain technology. The company focuses on highly scalable and efficient networks, offering customizable public and private blockchains and enabling the creation of various digital assets. Its innovative approach includes a novel probabilistic consensus protocol that enhances transaction speed and reduces deployment costs. This technology simplifies the creation, trading, and discovery of both existing and new asset types. Ava Labs aims to empower individuals to participate in an open and accessible digital finance landscape.

Banxa

Series A in 2020
Banxa is a Melbourne-based company founded in 2014 that provides a fiat-to-crypto gateway solution for cryptocurrency exchanges, wallets, and other related businesses. The firm specializes in offering a range of global and local payment methods, including Bpay, Flexepin, PayID, POLi, and Blueshyft, ensuring compliance with international regulations. Banxa's services are designed to facilitate seamless transactions without chargebacks, making it easier for platforms to integrate their payment solutions. In addition to its operations in Australia, Banxa has expanded its presence with additional offices in Europe.

Xanpool

Pre Seed Round in 2019
XanPool, founded in 2019 and headquartered in Singapore, operates an automated peer-to-peer platform that facilitates cryptocurrency to fiat transactions without the need for custody of customer funds. This unique omni-channel solution allows individuals to automate their own financial transactions across various platforms, including bank accounts, e-wallets, and cryptocurrency wallets. By enabling users to become Liquidity Peers, XanPool creates a decentralized network that can efficiently route and settle capital transactions in a borderless manner. This innovative approach significantly enhances the speed and cost-effectiveness of transactions, achieving instant settlements and reducing costs by over 80% compared to traditional financial systems.

xDai

Seed Round in 2019
xDai, founded in 2018 and headquartered in California, is a company focused on the blockchain industry, specifically in providing stable payment solutions. It offers an open-source software platform that enables fast and cost-effective stable transactions. By leveraging blockchain technology, xDai aims to facilitate secure and reliable payment processes, catering to the growing demand for efficient financial transactions within the digital landscape. The company's approach combines cybersecurity measures with innovative software applications to enhance transaction stability and speed.

Helis Network

Seed Round in 2019
Decentralised recurring cryptocurrency payments powered by Ethereum smart contracts and stable coin technology.
Standard Tokenization Protocol is an open-source standard defining how tokenized assets are issued and transferred while complying with all necessary regulations. Tokens built on top of the STP-Standard will use the protocol’s on-chain Validator to verify compliance with any jurisdictional or issuer-specific requirements. Standard Tokenization Protocol allows assets to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any blockchain platform.

Standard Tokenization Protocol

Initial Coin Offering in 2019
Standard Tokenization Protocol is an open-source standard defining how tokenized assets are issued and transferred while complying with all necessary regulations. Tokens built on top of the STP-Standard will use the protocol’s on-chain Validator to verify compliance with any jurisdictional or issuer-specific requirements. Standard Tokenization Protocol allows assets to be tokenized in a way that makes them fully compliant across jurisdictions and transferable across any blockchain platform.

ExChain

Funding Round in 2019
ExChain is a decentralized smart identity network.

Algorand

Venture Round in 2018
Algorand, Inc. operates a decentralized digital currency and transactions platform designed to address blockchain scalability challenges. Founded in 2017 and based in Boston, Massachusetts, the company offers various services, including Algorand Standard Asset and Atomic Transfers at Layer-1, as well as Algorand Smart Contracts. Its technology enables rapid and efficient user consensus, accommodating even the smallest transactions regardless of volume or user count.

SKALE Labs

Venture Round in 2018
SKALE Labs, founded in 2015 and based in Atherton, California, develops a blockchain scalability platform that addresses the challenges of scalability in decentralized applications (dApps) and blockchain networks. The SKALE Network operates as a decentralized, open-source peer-to-peer network designed to facilitate high-speed consensus, enabling dApps to execute smart contracts at millions of transactions per second. This middleware layer enhances the interaction between dApps and various blockchain platforms, including Ethereum and EOS, by utilizing a utility token for staking and is supported by SKALE Mining nodes. By providing a robust protocol, SKALE Labs empowers developers to optimize the performance and scalability of their applications.

SKALE Labs

Venture Round in 2018
SKALE Labs, founded in 2015 and based in Atherton, California, develops a blockchain scalability platform that addresses the challenges of scalability in decentralized applications (dApps) and blockchain networks. The SKALE Network operates as a decentralized, open-source peer-to-peer network designed to facilitate high-speed consensus, enabling dApps to execute smart contracts at millions of transactions per second. This middleware layer enhances the interaction between dApps and various blockchain platforms, including Ethereum and EOS, by utilizing a utility token for staking and is supported by SKALE Mining nodes. By providing a robust protocol, SKALE Labs empowers developers to optimize the performance and scalability of their applications.

Cocos Blockchain Expedition

Corporate Round in 2018
Cocos-BCX is a blockchain game development platform.

Barrel Protocol

Seed Round in 2018
Barrel Protocol is a startup founded in 2017 and based in Tel Aviv, Israel, that focuses on automating consumer data processing through blockchain technology. The company aims to establish a standard for data privacy compliance by utilizing smart contracts to anonymize user data. This approach not only enhances transparency for all stakeholders but also reduces costs for data buyers and compliance expenses for businesses. By streamlining the data handling process, Barrel Protocol enables data sellers to increase their revenue while alleviating the workload for developers and regulatory bodies. Overall, Barrel Protocol seeks to create a consensus-driven standard that improves the efficiency and credibility of data transactions.

Ankr

Venture Round in 2018
Ankr Network offers a distributed cloud computing infrastructure utilizing idle resources from data centers and edge devices. Based in the United States, the company focuses on enhancing the efficiency of blockchain protocols and international public ledgers. Ankr employs Web3 technology to create a decentralized computing framework that supports businesses in their applications. This platform facilitates cross-border micropayments, promoting a sharing economy centered around distributed cloud computing. By leveraging trusted hardware, Ankr aims to provide a reliable and user-friendly environment for organizations seeking to optimize their computing resources.

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.

Zilliqa

Seed Round in 2018
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.
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