IOSG Ventures

IOSG Ventures is a venture capital firm founded in 2017 and based in Hong Kong, focused on the blockchain and crypto sectors. As a research and thesis-driven entity, IOSG Ventures aims to empower founders in creating community-driven protocols that can significantly impact the future of Web3. The firm invests in a diverse array of early-stage projects, including those in decentralized finance (DeFi), gaming (GameFi), and social finance (SocialFi), as well as infrastructure and middleware solutions. Its portfolio features notable investments such as 1inch, Illuvium, Arbitrum, and StarkWare, among others. IOSG Ventures is committed to fostering innovation in the crypto space by supporting developers and founders with a long-term perspective.

Momir Amidzic

Principal

Gökhan Er

Managing Director

Jocy Lin

Co-Founder and Managing Director

Ishanee Nagpurkar

Principal

Queenie Wu

Partner

Jiawei Zhu

Associate

Xinshu Dong Ph.D

Technical Partner

Past deals in Ethereum

Brevis

Seed Round in 2024
Brevis is an efficient, verifiable off-chain computation engine that brings limitless computation capacity to existing smart contract blockchains.

Renzo

Seed Round in 2024
Renzo operates a liquid restaking protocol within the EigenLayer ecosystem, designed to enhance yield generation for users participating in decentralized finance (DeFi) applications. By allowing clients to restake both native ether and liquid re-staking tokens, Renzo provides an opportunity to earn rewards that exceed traditional ether staking yields. This third-generation platform focuses on securing Actively Validated Services (AVSs), offering a more efficient and profitable staking experience for its users.

Gelato

Series A in 2024
Gelato is web3’s cloud platform empowering builders to deploy their own Ethereum Rollups with a single-click. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato rollups allow anyone to build and deploy their fully serviced Layer 2 chains on Arbitrum, Optimism, Polygon, Celestia and Eigenlayer at a pace natively integrated with Web3's favorite tools and services like Gelato's industry leading smart contract automation & relaying services, Etherscan, The Graph, Pyth, Layer Zero and many more launching a production-ready web3 development environment.

Scroll.io

Venture Round in 2023
Scroll.io provides a native zkEVM scaling solution for Ethereum. The company upholds the Ethereum network's high-security features while offering users nearly instantaneous, inexpensive transactions.

OneKey

Series A in 2023
OneKey is a developer of a crypto security platform that enables users to securely store and manage various crypto assets, including cryptocurrencies, non-fungible tokens (NFTs), and decentralized applications (dapps). The platform provides an open-source crypto wallet, allowing users to buy and trade popular digital currencies such as Bitcoin, Ethereum, and Solana. With a focus on safety and convenience, OneKey aims to enhance the experience of all Web3 users by offering a reliable solution for managing their digital assets.

WeaveDB

Pre Seed Round in 2023
WeaveDB is a decentralized modular database designed as a smart contract, focusing on the development of a web3-based platform for creating decentralized applications. The platform leverages blockchain technology to offer persistent database infrastructure services on distributed storage solutions like Arweave. It incorporates features such as cross-chain authentication, automatic signatures, a JSON-like API, and data indexing. These capabilities provide clients and developers with the tools necessary to build Web 3 applications efficiently and effectively.

DappBack

Seed Round in 2022
DappBack is a next-generation crypto rewards platform designed to enhance user engagement within decentralized applications. It offers an all-in-one solution for connecting with a community of token-verified web3 users. The platform allows consumers to earn free cryptocurrency, cash, products, and NFTs by participating in everyday activities such as browsing the internet, interacting with brands, and making purchases. Through these rewards, DappBack enables users to gain benefits while engaging in their regular routines, thus promoting a more active participation in the web3 ecosystem.

OneKey

Venture Round in 2022
OneKey is a developer of a crypto security platform that enables users to securely store and manage various crypto assets, including cryptocurrencies, non-fungible tokens (NFTs), and decentralized applications (dapps). The platform provides an open-source crypto wallet, allowing users to buy and trade popular digital currencies such as Bitcoin, Ethereum, and Solana. With a focus on safety and convenience, OneKey aims to enhance the experience of all Web3 users by offering a reliable solution for managing their digital assets.

Gnosis

Venture Round in 2022
In late 2020, Gnosis announced plans to fully decentralize into a DAO (Decentralized Autonomous Organization). Today, the GnosisDAO treasury has effective control of over 150K ETH and 8 Million GNO tokens, with the GNO tokens vested over 8 years. A year later, in 2021, the xDAI and GnosisDAO communities voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner companion that addresses scaling issues through solid engineering. Gnosis Chain is the associated execution-layer EVM chain for stable transactions. It uses the xDai token and includes a wide-ranging group of projects and users. The Gnosis mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. As a DAO, Gnosis uses the products that it creates to transparently guide decisions on the development, support, and governance of its ecosystem. Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) are all products incubated by Gnosis. Their success is demonstrated by the recent spin-out of Cow Protocol and the formation of SafeDAO. By combining needs-driven development with deep technical expertise, Gnosis has built the decentralized infrastructure for the Ethereum ecosystem.

KYVE

Venture Round in 2022
KYVE is an initiative focused on the decentralized archiving and validation of data streams, utilizing the Arweave blockchain for permanent storage. The platform comprises decentralized uploaders and validators organized into pools, each dedicated to archiving specific data streams. This open-source protocol aims to standardize and ensure the reliability of data storage for blockchain networks and decentralized applications. By leveraging permanent data storage tools, KYVE provides scalability, immutability, and availability, which helps developers create dependable backups and verify their data streams effectively. The initiative is supported by funding from KYVE tokens, which incentivize participation in the network's operations.

Gasp

Venture Round in 2022
A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.

DeBank

Series A in 2021
DeBank is a cryptocurrency wallet designed to facilitate access to decentralized finance (DeFi) services, enabling users to manage and track their DeFi investments effectively. The platform supports over 800 DeFi protocols across more than 15 blockchains, including Ethereum and Binance Smart Chain. Users can monitor their asset portfolios, compare interest rates, and analyze risks associated with their investments. DeBank also offers features for token swapping and discovering new investment opportunities through detailed real-time data, allowing users to gain insights into their financial activities and optimize their returns in the DeFi space.

izumi Finance

Series A in 2021
Izumi Finance is a non-homogenous liquidity mining protocol to provide Uniswap lp token staking rewards in different price ranges. Izumi Finance improves the efficiency of incentive distribution for reward providers and enhances the earnings of liquidity providers in Uniswap.

RECUR

Series A in 2021
RECUR designs & develops on-chain branded experiences for fans to buy, collect, and re-sell NFTs. RECUR is chain agnostic and is fundamentally changing the NFT market by creating and setting the standard for a decentralized recurring royalty, creating the widest distribution and reach for NFTs minted on their platform. It was founded in 2021 and headquartered in Miami, Florida.

deBridge Finance

Seed Round in 2021
deBridge Finance is a cross-chain interoperability and liquidity transfer protocol designed to facilitate the decentralized transfer of assets across multiple blockchains. The protocol operates through a network of independent oracles and validators, which are elected by deBridge governance, ensuring a secure and efficient transfer process. It supports interoperability between major blockchain networks, including Ethereum, Polygon, Binance Smart Chain, Huobi Ecological Chain, and Arbitrum. This infrastructure enables users to seamlessly access and transfer various digital assets, including NFTs, across different platforms, enhancing the overall flexibility and utility of blockchain technology.

Moonbeam Network

Funding Round in 2021
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

Liquity

Series A in 2021
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.

Automata Network

Seed Round in 2021
Automata Network is a decentralized protocol that offers middleware-like privacy services for decentralized applications across various platforms, including Ethereum, Polkadot, and Binance Smart Chain. Its focus is on delivering traceless privacy, which enhances user trust in computing systems by ensuring the authenticity of operations on-chain. By facilitating high assurance and frictionless computation, Automata Network aims to empower clients to maintain privacy while engaging in decentralized activities.

RECUR

Seed Round in 2021
RECUR designs & develops on-chain branded experiences for fans to buy, collect, and re-sell NFTs. RECUR is chain agnostic and is fundamentally changing the NFT market by creating and setting the standard for a decentralized recurring royalty, creating the widest distribution and reach for NFTs minted on their platform. It was founded in 2021 and headquartered in Miami, Florida.

Gasp

Seed Round in 2021
A ZK-rollup L2 with universal connectivity to L1s, enabling cross-chain liquidity of native assets. Powered by Starkware zero-knowledge technology and Eigenlayer's restake finality. In it's core, MEV minimization and gas-free swaps are out of the box.

Poolin

Initial Coin Offering in 2021
Poolin is a multi-cryptocurrency mining pool that facilitates the mining of various digital currencies, including Bitcoin, Litecoin, Zcash, Bitcoin Cash, Bitcoin SV, Dash, Monero, Dogecoin, and others. The company operates a platform that supports mainstream cryptocurrency mining and offers a range of services, including blockchain browsers, mining pools, and digital wallets, to enhance the client experience. By providing high computing power and efficient mining solutions, Poolin caters to a diverse clientele within the cryptocurrency ecosystem.

0x

Series A in 2021
0x is an open protocol that enables seamless peer-to-peer exchange of tokens on the Ethereum blockchain. It serves as a foundational standard for decentralized exchanges, promoting interoperability among various decentralized applications that feature exchange capabilities. By providing a common framework, 0x allows users to convert a wide range of assets into cryptographic tokens, facilitating efficient and decentralized trading.

Web3API

Seed Round in 2020
Web3API is a developer-focused business that provides a toolchain aimed at enhancing the integration of Web3 protocols across various platforms. By making these protocols as accessible as traditional web services, Web3API enables developers to conduct GraphQL requests directly within applications and to download lightweight WebAssembly modules from the InterPlanetary File System (IPFS) during runtime. This approach addresses the challenges associated with integrating Web3 technologies, allowing applications written in any programming language on any device to seamlessly interact with decentralized protocols. Through its innovative solutions, Web3API seeks to improve the overall developer experience and expand the utility of Web3 across diverse applications.

Synthetix

Seed Round in 2020
Synthetix is a decentralized protocol based on the Ethereum blockchain that facilitates the issuance of synthetic assets for derivatives trading in decentralized finance (DeFi). Founded in 2017 by Kain Warwick in Sydney, Australia, Synthetix enables users to create and trade synthetic assets that provide exposure to various real-world assets, including currencies, commodities, stocks, and indices. The platform supports a range of financial products such as perpetual futures and options markets, allowing for peer-to-contract trading with infinite liquidity. Synthetix operates through a distributed collateral pool, ensuring users can access synthetic versions of both fiat and cryptocurrencies while maintaining an overview of the entire network.

dHEDGE

Seed Round in 2020
dHEDGE is a decentralized asset management protocol that facilitates connections between investment managers and investors on the blockchain. Operating on the Ethereum blockchain, the platform allows managers to create their own investment pools in a permissionless and non-custodial environment. By leveraging blockchain technology, dHEDGE democratizes the investment experience, enabling managers to implement quantitative and algorithmic trading strategies while managing actively managed investment pools. This approach fosters a trustless relationship between managers and investors, enhancing the accessibility and efficiency of crypto asset management.

Keep

Seed Round in 2020
Keep Network is a blockchain technology company that focuses on enabling the use of private data on public protocols. Founded in 2017 and headquartered in George Town, Midland, it develops solutions that allow contracts to leverage private information while interacting with public blockchains. One of its key offerings is tBTC, a decentralized bridge that connects Bitcoin to the Ethereum network, allowing users to securely and anonymously transfer Bitcoin for participation in decentralized finance (DeFi) activities. The company's technology incorporates a privacy layer for Ethereum, utilizing secure multiparty computation to store data across multiple locations, enabling decentralized signing and the creation of cryptocurrency wallets. This innovation ensures that users can store files privately with blockchain storage encryption while engaging with the broader blockchain ecosystem.

Loom Network

Seed Round in 2018
Loom Network is a PaaS (Platform as a Service) that allows Ethereum based Solidity applications to be run on main chain and on private, and semi public chains. The goal is to allow app developers to have smart contracts that can access more computing power when necessary, or the same computing at lower costs for tasks like free trials for onboarding new users or applications that doesn't need the full security of the blockchain. Included with this system they have the ability to interact with APIs from third parties that are not on chain such as connecting with Twillio to do 2factor authentication for smart contracts. Loom tries to be the one-stop full-service platform that allow smart contract developers and traditional developers alike to create their applications without switching programming languages or manually managing servers, and all with the added advantage of easily integrating their apps with outside world. Like a Blockchain-aware and Blockchain-ready AWS.

MakerDAO

Venture Round in 2017
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the IMF’s international currency basket SDR. Founded in 2014, the company is headquartered in Santa Cruz, California.

Crypterium

Initial Coin Offering in 2017
Crypterium is developing a mobile app that allows instant payments in cryptocurrency using existing payment infrastructures such as NFC terminals or QR codes. It allows its users to issue a virtual VISA card, bind it to their crypto account, link it to Apple Pay, and pay with crypto by simply using a smartphone.

DDEX

Initial Coin Offering in 2017
DDEX is a DApp that works with popular “Wallet Enabled Browsers” such as MetaMask and Brave. No additional registration is required - you can start trading right away.Building on top of Ethereum smart contracts and the 0x protocol, DDEX allows users to trade ERC-20 tokens from wallet to wallet. No possiblity of theft. No uncertainty of deposit/withdrawal lockup periods.

Liquid Global

Initial Coin Offering in 2017
Liquid Global operates a cryptocurrency trading platform aimed at enhancing liquidity within the crypto economy. This platform facilitates the trading of major cryptocurrencies, including Bitcoin and Ethereum, against various fiat currency pairs such as Japanese yen, Singapore dollar, Australian dollar, and Euro. By streamlining the exchange process, Liquid Global enables both businesses and individual users to trade cryptocurrencies efficiently and with ease.

Raiden

Initial Coin Offering in 2017
Raiden is a technology company based in the United States that develops the Raiden Network, an off-chain scaling solution designed for the Ethereum blockchain. This network facilitates near-instant, low-fee, and scalable token transfers for ERC20-compliant tokens. By utilizing bidirectional token payment channels, Raiden connects participants directly, allowing for efficient and secure transactions. The company's focus includes researching state channel technology, defining relevant protocols, and creating reference implementations to enhance the functionality of token transfers within the Ethereum ecosystem.
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