148 investors have funded 20 Blockchain Protocols companies head-officed in Zug, across 194 rounds (Apr 2018 – Jan 2026). They are ranked by how many Zug companies in this market they have actually backed.
"In Zug" describes the companies, not the investor: most of the money in any city comes from somewhere else, and the Where the money comes from section below shows exactly where it came from here.
Ranked by companies backed in this market and city, then by round count. "Led" counts rounds recorded with this investor as lead.
| # | Investor | Based in | Stages here | Companies | Rounds | Led | Latest | Portfolio total |
|---|---|---|---|---|---|---|---|---|
| 1 | Electric Capital | Palo Alto, United States | Series BSeries ASeries C | 3 | 6 | 1 | May 2023 | 97 |
| 2 | Pantera Capital | Menlo Park, United States | Series BSeries CSeries A | 3 | 5 | 2 | Aug 2025 | 193 |
| 3 | Coinbase | San Francisco, United States | Series ASeries CSeed | 3 | 4 | 1 | Jun 2022 | 355 |
| 4 | ParaFi | Greenwich, United States | Series DSeedSeries A | 3 | 4 | — | Oct 2024 | 110 |
| 5 | Animoca Brands | Kowloon, China | Series A | 3 | 3 | — | Dec 2024 | 320 |
| 6 | Spartan Group | Singapore, Singapore | Series ASeedSeries B | 3 | 3 | 1 | May 2023 | 161 |
| 7 | Maven 11 | Amsterdam, Netherlands | Series ASeries BSeed | 3 | 3 | — | Nov 2021 | 76 |
| 8 | Blockchange | New York City, United States | SeedSeries ASeries D | 3 | 3 | 2 | Apr 2022 | 58 |
| 9 | DRAGONFLY | Oakland, United States | Series DSeries ASeries C | 2 | 4 | 2 | Oct 2024 | 145 |
| 10 | Polychain | San Francisco, United States | Series BSeries A | 2 | 3 | 3 | Aug 2025 | 186 |
| 11 | Ribbit Capital | Palo Alto, United States | Series B | 2 | 2 | 1 | Aug 2025 | 158 |
| 12 | Galaxy | New York City, United States | Series ASeed | 2 | 2 | 1 | Jun 2024 | 140 |
| 13 | GSR | Hong Kong, China | Series A | 2 | 2 | — | Jun 2024 | 127 |
| 14 | Amber Group | Singapore, Singapore | SeedSeries C | 2 | 2 | — | Jul 2023 | 88 |
| 15 | Foresight Ventures | Shanghai, China | SeedSeries A | 2 | 2 | — | Sep 2024 | 81 |
| 16 | DWF Labs | Singapore, Singapore | Series ASeed | 2 | 2 | 2 | Jan 2026 | 70 |
| 17 | MH Ventures | London, United Kingdom | SeedSeries B | 2 | 2 | — | May 2023 | 67 |
| 18 | Distributed Global | Los Angeles, United States | Series BSeed | 2 | 2 | 1 | May 2021 | 52 |
| 19 | IDEO CoLab | Cambridge, United States | Series A | 2 | 2 | — | Sep 2021 | 46 |
| 20 | Gem Dgital | Nassau City, Bahamas | Series CSeries D | 2 | 2 | 1 | Sep 2022 | 18 |
| 21 | IOSG Ventures | Hong Kong, China | SeedSeries A | 1 | 3 | 2 | Oct 2024 | 100 |
| 22 | Andreessen Horowitz | New York City, United States | Series BSeries C | 1 | 2 | 2 | Jan 2022 | 1,117 |
| 23 | CMCC Global | Hong Kong, China | Series B | 1 | 2 | 1 | May 2023 | 23 |
| 24 | Jsquare | Singapore, Singapore | Seed | 1 | 2 | 1 | Jul 2023 | 26 |
| 25 | Bain Capital Crypto | Boston, United States | Series ASeries B | 1 | 2 | 1 | Aug 2025 | 21 |
| 26 | MetaWeb Ventures | China | Series CSeries D | 1 | 2 | — | Apr 2022 | 12 |
| 27 | Road Capital Management | SeedSeries B | 1 | 2 | — | Aug 2025 | 8 | |
| 28 | Sequoia Capital | Menlo Park, United States | Series B | 1 | 1 | — | Mar 2025 | 1,568 |
| 29 | Tiger Global Management | New York City, United States | Series D | 1 | 1 | 1 | Apr 2022 | 791 |
| 30 | Founders Fund | San Francisco, United States | Seed | 1 | 1 | 1 | Jun 2022 | 543 |
| 31 | FJ Labs | New York City, United States | Seed | 1 | 1 | — | Jun 2022 | 661 |
| 32 | Benchmark | San Francisco, United States | Series B | 1 | 1 | — | Mar 2025 | 293 |
| 33 | Earlybird | Berlin, Germany | Seed | 1 | 1 | — | Apr 2023 | 214 |
| 34 | Endeavor | New York City, United States | Series B | 1 | 1 | 1 | Aug 2025 | 313 |
| 35 | Draper Associates | San Mateo, United States | Series B | 1 | 1 | — | Mar 2025 | 233 |
| 36 | Digital Currency Group | Stamford, United States | Series A | 1 | 1 | — | Jul 2021 | 223 |
| 37 | Accomplice | Boston, United States | Series A | 1 | 1 | 1 | Jul 2019 | 153 |
| 38 | Amplify Partners | Menlo Park, United States | Series A | 1 | 1 | — | Jul 2019 | 129 |
| 39 | Jump Capital | Chicago, United States | Series A | 1 | 1 | — | Sep 2021 | 160 |
| 40 | Tribe Capital | Menlo Park, United States | Series A | 1 | 1 | — | Jul 2021 | 155 |
| 41 | Alameda Research | San Francisco, United States | Series C | 1 | 1 | — | Jan 2022 | 165 |
| 42 | Hashed | Seoul, South Korea | Series D | 1 | 1 | — | Apr 2022 | 154 |
| 43 | AirTree | Surry Hills, Australia | Seed | 1 | 1 | — | Apr 2023 | 105 |
| 44 | Hack VC | San Francisco, United States | Series A | 1 | 1 | 1 | Oct 2024 | 140 |
| 45 | Acrew Capital | Palo Alto, United States | Series A | 1 | 1 | — | Sep 2021 | 99 |
| 46 | Uncorrelated Ventures | San Francisco, United States | Seed | 1 | 1 | — | May 2021 | 110 |
| 47 | Big Brain Holdings | Valhalla, United States | Seed | 1 | 1 | 1 | Aug 2022 | 129 |
| 48 | Multicoin Capital | Austin, United States | Series A | 1 | 1 | — | Jul 2019 | 116 |
| 49 | CoinFund | Brooklyn, United States | Seed | 1 | 1 | — | May 2021 | 113 |
| 50 | Blockchain Capital | San Francisco, United States | Series A | 1 | 1 | — | Jul 2021 | 99 |
| 51 | 1kx | Estonia | Series A | 1 | 1 | — | Jul 2021 | 93 |
| 52 | A.Capital Ventures | Menlo Park, United States | Series A | 1 | 1 | — | Jul 2019 | 81 |
| 53 | Mirana | Hong Kong, China | Series A | 1 | 1 | — | Mar 2024 | 92 |
| 54 | Mechanism Capital | Series C | 1 | 1 | — | Jan 2022 | 86 | |
| 55 | Collab+Currency | Eugene, United States | Series A | 1 | 1 | — | Sep 2021 | 89 |
| 56 | KuCoin | Mahe, Seychelles | Series A | 1 | 1 | — | Dec 2024 | 82 |
| 57 | Wintermute | Reston, United States | Series A | 1 | 1 | — | Jun 2024 | 78 |
| 58 | 6MV | New York City, United States | Series C | 1 | 1 | — | Jan 2022 | 73 |
| 59 | Gate.io | George Town, Cayman Islands | Series B | 1 | 1 | — | May 2021 | 77 |
| 60 | Kingsway Capital | London, United Kingdom | Series B | 1 | 1 | — | Mar 2025 | 62 |
| 61 | Mouro Capital | London, United Kingdom | Seed | 1 | 1 | — | Apr 2023 | 44 |
| 62 | Struck Capital | Santa Monica, United States | Seed | 1 | 1 | — | Aug 2022 | 45 |
| 63 | Mask Network | Champaign, United States | Series A | 1 | 1 | 1 | May 2023 | 64 |
| 64 | FTX | Nassau City, Bahamas | Series D | 1 | 1 | — | Apr 2022 | 63 |
| 65 | Republic Capital | Manhattan, United States | Series D | 1 | 1 | — | Apr 2022 | 53 |
| 66 | Cogitent | Seed | 1 | 1 | 1 | Aug 2022 | 57 | |
| 67 | The LAO | United States | Seed | 1 | 1 | — | Sep 2020 | 54 |
| 68 | Delphi | New York City, United States | Series B | 1 | 1 | — | May 2023 | 55 |
| 69 | Three Arrows Capital | Singapore, Singapore | Series C | 1 | 1 | — | Jan 2022 | 51 |
| 70 | dao5 | British Virgin Islands, United Kingdom | Seed | 1 | 1 | — | Jun 2022 | 47 |
| 71 | Nascent | San Francisco, United States | Series A | 1 | 1 | — | Sep 2021 | 47 |
| 72 | Placeholder | New York City, United States | Series A | 1 | 1 | — | Sep 2021 | 42 |
| 73 | TRG Capital | Amsterdam, Netherlands | Seed | 1 | 1 | 1 | Jul 2023 | 45 |
| 74 | KR1 | Douglas, United Kingdom | Series B | 1 | 1 | — | May 2023 | 40 |
| 75 | Bixin Ventures | Beijing, China | Series B | 1 | 1 | — | May 2023 | 45 |
| 76 | MEXC Global | Singapore, Singapore | Series A | 1 | 1 | 1 | Oct 2023 | 46 |
| 77 | 1confirmation | Palo Alto, United States | Series A | 1 | 1 | 1 | Jul 2021 | 33 |
| 78 | Folius Ventures | Hong Kong, China | Series C | 1 | 1 | — | Jan 2022 | 39 |
| 79 | Jane Street | New York City, United States | Seed | 1 | 1 | — | Aug 2022 | 36 |
| 80 | DeFi Alliance | United States | Series A | 1 | 1 | — | Jul 2021 | 37 |
| 81 | SCB 10X | Bangkok, Thailand | Series A | 1 | 1 | — | Jun 2024 | 28 |
| 82 | Kosmos Ventures | Perth, Australia | Series B | 1 | 1 | 1 | May 2021 | 31 |
| 83 | Blizzard | New York City, United States | Seed | 1 | 1 | — | Jun 2022 | 33 |
| 84 | Yolo Investments | Tallinn, Estonia | Series A | 1 | 1 | 1 | Mar 2024 | 28 |
| 85 | Circle Venture Capital | Vilnius, Lithuania | Series C | 1 | 1 | — | Jan 2022 | 29 |
| 86 | Scalar Capital | San Francisco, United States | Series A | 1 | 1 | — | Jul 2019 | 28 |
| 87 | Taisu | United States | Series A | 1 | 1 | — | Dec 2024 | 27 |
| 88 | Gnosis | Gibraltar, Gibraltar | Seed | 1 | 1 | — | Sep 2020 | 26 |
| 89 | CoinShares | London, United Kingdom | Series A | 1 | 1 | — | Sep 2021 | 24 |
| 90 | Libertus Capital | London, United Kingdom | Series B | 1 | 1 | — | May 2020 | 22 |
| 91 | Mapleblock | Delhi, India | Seed | 1 | 1 | — | Aug 2022 | 23 |
| 92 | Blockchain | London, United Kingdom | Series C | 1 | 1 | 1 | Jan 2022 | 24 |
| 93 | No Limit Holdings | Malta | Series B | 1 | 1 | — | May 2023 | 24 |
| 94 | Standard Crypto | San Francisco, United States | Seed | 1 | 1 | — | Apr 2023 | 21 |
| 95 | Kronos Research | Taipei, Taiwan | Series A | 1 | 1 | — | Dec 2024 | 23 |
| 96 | Dialectic | Series B | 1 | 1 | — | May 2023 | 21 | |
| 97 | NewTribe Capital | Dubai, United Arab Emirates | Series D | 1 | 1 | — | May 2022 | 21 |
| 98 | IBC Group | London, United Kingdom | Series A | 1 | 1 | — | Dec 2024 | 20 |
| 99 | MetaCartel Ventures | San Francisco, United States | Seed | 1 | 1 | — | Sep 2020 | 20 |
| 100 | WeMade Entertainment | Seoul, South Korea | Seed | 1 | 1 | — | Aug 2022 | 16 |
Showing the top 100 of 148. Search the full investor set →
Head office of the investors on this page.
Rounds by stage — where in a company's life this money arrives.
Total disclosed size of each round, not one investor's share.
How active this market has been.
Blockchain Protocols companies head-officed in Zug that took money from these investors.
| Company | Backers | Rounds | Disclosed | Latest round |
|---|---|---|---|---|
| NEAR near.org |
36 | 43 | $5.6B | Series D May 2022 |
| Shardeum shardeum.org |
30 | 31 | $397.8M | Seed Jul 2023 |
| M^0 Labs m0.org |
19 | 22 | $675M | Series B Aug 2025 |
| Anoma Foundation anoma.foundation |
16 | 19 | $462.8M | Series B May 2023 |
| Gelato gelato.cloud |
11 | 15 | $105M | Series A Oct 2024 |
| Visor Finance visor.finance |
11 | 11 | $38.5M | Series A Jul 2021 |
| TON ton.org |
10 | 10 | $2.1B | Series B Mar 2025 |
| Partisia Blockchain partisiablockchain.com |
8 | 8 | $160M | Series B May 2021 |
| SEDA seda.xyz |
6 | 6 | $61.8M | Seed May 2021 |
| Avantgarde avantgarde.finance |
6 | 6 | $33M | Series A Sep 2021 |
| Block Green block.green |
6 | 6 | $22.2M | Seed Jun 2022 |
| Haven1 haven1.org |
5 | 5 | $23M | Series A Dec 2024 |
| TON ton.foundation |
4 | 4 | $10M | Series A Oct 2023 |
| Zen Chain zenchain.io |
2 | 2 | $17M | Seed Jan 2026 |
| Velas velas.com |
1 | 1 | $135M | Series D Sep 2022 |
| GRNGrid grngrid.com |
1 | 1 | $50M | Series C Sep 2022 |
| Minima Global minima.global |
1 | 1 | $2.5M | Seed Dec 2020 |
| KyotoProtocol.io kyotoprotocol.io |
1 | 1 | — | Seed Feb 2024 |
| DAV dav.network |
1 | 1 | — | Seed Apr 2018 |
| Aleph Zero alephzero.org |
1 | 1 | — | Seed Nov 2021 |
| Date | Investor | Company | Stage | Round size |
|---|---|---|---|---|
| Jan 2026 | Genesis CapitalLED | Zen Chain | Seed | $8.5M |
| Jan 2026 | DWF LabsLED | Zen Chain | Seed | $8.5M |
| Aug 2025 | Pantera Capital | M^0 Labs | Series B | $40M |
| Aug 2025 | PolychainLED | M^0 Labs | Series B | $40M |
| Aug 2025 | Ribbit CapitalLED | M^0 Labs | Series B | $40M |
| Aug 2025 | EndeavorLED | M^0 Labs | Series B | $40M |
| Aug 2025 | Road Capital | M^0 Labs | Series B | $40M |
| Aug 2025 | Bain Capital Crypto | M^0 Labs | Series B | $40M |
| Mar 2025 | Draper | TON | Series B | $400M |
| Mar 2025 | Kingsway Capital | TON | Series B | $400M |
| Mar 2025 | Sequoia Capital | TON | Series B | $400M |
| Mar 2025 | Benchmark | TON | Series B | $400M |
| Mar 2025 | Ribbit Capital | TON | Series B | $400M |
| Dec 2024 | Taisu | Haven1 | Series A | $4.6M |
| Dec 2024 | Animoca Brands | Haven1 | Series A | $4.6M |
| Dec 2024 | KuCoin | Haven1 | Series A | $4.6M |
| Dec 2024 | Kronos Research | Haven1 | Series A | $4.6M |
| Dec 2024 | IBC Group | Haven1 | Series A | $4.6M |
| Oct 2024 | Animoca Brands | Gelato | Series A | $11M |
| Oct 2024 | DRAGONFLY | Gelato | Series A | $11M |
Blockchain Protocols investors in other cities
Other markets in Zug