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Fenbushi Capital

Fenbushi Capital

Venture Capital
Chinese MainlandEst. Jan 1, 2015118 investments

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia. Founded in Shanghai in by veterans from both the blockchain and traditional financial industries, it has supported over leading projects across four continents. These projects are leveraging blockchain technology to revolutionize industries such as finance, healthcare, supply chain, and consumer goods. Fenbushi's mission is to promote the healthy and sustainable growth of the global blockchain ecosystem. It works as a long-term strategic partner to its portfolio projects. Category: Crypto-Native Fund Founded: Jan , Location: Chinese Mainland

Portfolio

118
FalconX
FalconX

Institutional crypto trading platform

Series D$150.0MJun 2022
Vidy
Vidy

Video Layer on Top of the Web

Funding
JUZIX
JUZIX

Blockchain infrastructure provider

Funding
Lighthouse.Storage
Lighthouse.Storage

---

Funding
NuCypher
NuCypher

Cryptographic Infrastructure for Privacy-Preserving Applications

Funding$10.7MOct 2020
DEXILON
DEXILON

Decentralized derivative exchange

Seed$2.0MJul 2022
ChainSafe
ChainSafe

R&D blockchain lab

Funding
Dapper Labs
Dapper Labs

Fun and games on the blockchain

Funding
Debank
Debank

Multi-chain portfolio tracker

Funding$25.0MOct 2022
Stratos Network
Stratos Network

Decentralized data mesh

Funding$1.8MMay 2021
MYKEY
MYKEY

Smart wallet

Funding
Neptune Mutual
Neptune Mutual

Risk protection product

Funding
Reown
Reown

On-chain user experience platform

Funding
Irreducible
Irreducible

Enterprise Grade Zero-Knowledge Proof Acceleration Platform

Funding
Jur
Jur

Composable infrastructure for societies, countries, and network states

Funding
1475
1475

Filecoin mining solution provider

Funding
Vibra / African Blockchain Lab
Vibra / African Blockchain Lab

Crypto social trading app

Funding
double jump.tokyo
double jump.tokyo

Blockchain game development platform

Funding
PumpX
PumpX

Multichain consumer liquidity protocol

Funding
Skuchain
Skuchain

Blockchain for Global Trade

Funding
Zecrey
Zecrey

Ethereum Layer 2 Privacy Protocol

Strategic$6.0MMay 2022
RISC Zero
RISC Zero

Next generation scalable blockchain

Funding
Thesis
Thesis

Cryptocurrency venture studio

Series A$21.0MJul 2021
Primas
Primas

Decentralized content ecosystem

Funding
Abstract
Abstract

Consumer-focused blockchain

Funding$11.0MJul 2024
Swivel Finance
Swivel Finance

Protocol for Fixed Rate Lending and Tokenized Cash Flow

Strategic$3.5MOct 2021
Abra
Abra

One-stop cryptocurrency investment platform

Funding
Airstack
Airstack

Data infrastructure for web3

Funding
AliceNet
AliceNet

Layer 2 Proof-of-Stake blockchain

Funding$25.0MJul 2018
Alluvial
Alluvial

Enterprise-grade liquid staking protocols

Funding
AlphaWallet
AlphaWallet

Open source crypto wallet

Funding
Atlas Protocol
Atlas Protocol

Blockchain interactive advertising & marketing protocol

Funding
Beosin
Beosin

Blockchain security and compliance service provider

Funding
Blockdaemon
Blockdaemon

Blockchain node infrastructure

Funding
BlockApps
BlockApps

Enterprise blockchain solutions

Funding
Blocknative
Blocknative

Real-time Web3 infrastructure company

Funding
Bribe Protocol
Bribe Protocol

Decentralized governance voter incentive protocol

IDO$1.5MJan 2022
GoodCrypto
GoodCrypto

Multi-exchange trading terminal and portfolio manager

Funding
HashMix
HashMix

---

Funding
Merkle Science
Merkle Science

Cryptocurrency risk predictive and intelligence platform

Funding
rhino.fi
rhino.fi

Layer2 gateway to multi-chain DeFi

Strategic$5.0MMay 2021
Helika
Helika

Web3 gaming and NFT analytics platform

Funding
Canza Finance
Canza Finance

Non-institutional-based financial system utilizing (DeFi

Funding
ChainFeeds
ChainFeeds

Content aggregator for Web3

Funding
Symbiont
Symbiont

Enterprise blockchain firm

Funding
HashKey Cloud
HashKey Cloud

Blockchain staking service provider

Funding
GLIF
GLIF

Filecoin’s premier staking protocol

Funding
Ledgible
Ledgible

Cryptocurrency tax & accounting software

Funding
Sygnum
Sygnum

Digital Asset Bank

Funding$58.0MJan 2025
MPCVault
MPCVault

Non-custodial Multisig Wallet

Funding
Hex Trust
Hex Trust

Institutional digital asset custodian

Series B$88.0MMar 2022
Petaverse Network
Petaverse Network

Interoperability Solutions for Digital Pets

Funding
Wyden
Wyden

Institutional Trading Technology for Digital Assets

Funding
Sablier Finance
Sablier Finance

Cryptoasset Streaming Protocol

Funding
Kyro
Kyro

Web3 building platform

Funding
Securities.io
Securities.io

News on DeFi & digital securities

Funding
Range
Range

Stablecoin Infrastructure and Institutional Level Compliance Firm

Funding
The Block
The Block

Crypto news media

Funding
Rio Network
Rio Network

The liquid restaking network

Funding
BlockFills
BlockFills

Powering Digital Trading

Series A$37.0MJan 2022
ConsenSys
ConsenSys

Ethereum and decentralized protocols software company

Series D$450.0MMar 2022
Starpower
Starpower

Decentralized energy network

Funding$2.5MJan 2025
Airwaive
Airwaive

Decentralized wireless broadband platform

Funding
A
Amber Group
Funding
Bloq
Bloq

Building infrastructure for the multi-blockchain future

Funding
Notabene
Notabene

Crypto Travel Rule compliance solution

Funding
Koii Network
Koii Network

World's supercomputer

Funding
QUNQUN
QUNQUN

---

Funding
Kakarot
Kakarot

EVM-compatible ZK-Rollup

Funding
MathWallet
MathWallet

The Multichain Wallet for Web3

Series B$12.0MDec 2020
everiToken
everiToken

Token-customized public chain

Funding
SnakeLite
SnakeLite

Tap-to-Earn GameFi based on Telegram

Funding
TOP Network
TOP Network

Decentralized blockchain ecosystem

Seed$6.0MSep 2018
Sipher
Sipher

multiplayer looter shooter ARPG

Seed$6.8MSep 2025
Euterpe
Euterpe

Portal to IP-powered Web3 Entertainment

Funding
Lukka
Lukka

Crypto asset data and software company

Funding
Kibo Finance
Kibo Finance

DeFi options trading platform

Funding
FORKAST
FORKAST

Digital media platform

Funding
Ethereum
Ethereum

The first blockchain with smart contract functionality

Funding$500KApr 2015
CARV
CARV

Modular identity and data layer for gaming and AI

Funding$35.0MJun 2024
Internet Computer / Dfinity
Internet Computer / Dfinity

Open-source blockchain network

Strategic$20.5MMar 2026
Vechain
Vechain

Smart contract platform

Funding
Sidekick
Sidekick

One-stop live-stream trading platform

Funding
Astar
Astar

Multi-chain smart contract platform

Strategic$22.0MJan 2022
iZUMi Finance
iZUMi Finance

DeFi protocol providing One-Stop Liquidity as a Service

Funding$22.0MApr 2023
Moonbeam
Moonbeam

Etheruem-compatible smart contract platform

Strategic$6.0MMar 2021
The Graph
The Graph

Decentralized protocol for indexing and querying blockchain data

Funding$50.0MJan 2022
Pixels
Pixels

Open-ended world of farming and exploration

Strategic$4.8MFeb 2024
4EVERLAND
4EVERLAND

Web3 cloud computing platform

Funding$2.0MDec 2023
Kyber Network
Kyber Network

Multi-chain crypto trading and liquidity hub

Funding
Aztec Network
Aztec Network

Ethereum Privacy Extension Layer

Series B$100.0MDec 2022
Wanchain
Wanchain

Public Blockchain

ICO$35.0MOct 2017
FLock
FLock

The Privacy-Preserving AI Solution Provider

Strategic$3.0MDec 2024
Balancer
Balancer

DeFi automated market making protocol

Funding$24.3MMay 2021
Reserve protocol
Reserve protocol

Decentralized stablecoins platform

Private$2.0MDec 2018
Huddle01
Huddle01

Web3 video meeting platform

Seed$2.8MFeb 2026
Huma Finance
Huma Finance

PayFi network

Funding$38.0MMay 2026
Biconomy
Biconomy

Universal execution layer

Private$9.0MJul 2021
Morpho
Morpho

Decentralized lending-borrowing protocol

Funding$50.0MJul 2024
Oasys
Oasys

The blockchain optimized for gamers

Private$20.0MJul 2022
Centrifuge
Centrifuge
Funding
Securitize
Securitize

Tokenized access to institutional CLOs.

Strategic$47.0MApr 2024
CertiK
CertiK

Blockchain security company

Funding$60.0MApr 2022
QuarkChain
QuarkChain

Multilayer, permissionless blockchain

Private$16.0MMay 2018
Paradex
Paradex

Cryptocurrency derivatives exchange

Funding
NKN
NKN

Public Blockchain

Seed$2.3MFeb 2018
ArcBlock
ArcBlock

Decentralized developer platform

Angel$1.5MJan 2018
Blue
Blue

Decentralized authentication solution

Funding
Radicle
Radicle

Decentralized code collaboration network based on open protocol

Funding$12.0MFeb 2021
WOO Network
WOO Network

Deep liquidity network

Funding$9.0MJan 2024
Multiverse
Multiverse

Decentralized metaverse-as-a-service platform

Funding$15.0MMay 2021
Semantic Layer
Semantic Layer

Aligned incentives for Ethereum dApp

Series A$2.0MOct 2025
Fuel
Fuel

High-performance Ethereum L2

Funding$80.0MSep 2022
Lagrange
Lagrange

Zero-Knowledge Coprocessing protocol

Seed$13.2MMay 2024
Cere Network
Cere Network

Cloud data infrastructure solutions

Funding$28.0MSep 2021
Stacks
Stacks

Bitcoin L2

Funding$23.0MSep 2019
Moon
Moon

Banking services for crypto users

Funding
Circle
Circle

USDC Publisher (NASDAQ:CRCL)

Funding$400.0MApr 2022

News

Illia on the Ethereum Foundation's current angst: "I've told my team multiple times we can be decentralized and organized at the same time." 🎯 https://x.com/i/broadcasts/1NxarrjRXMlKj

@laurashinMay 2026

Ethereum Traders Grow Increasingly Bearish as ETFs Bleed, ETH Sinks Near $2,000

DecryptMay 2026

"When price is up, everyone's in a lull and tries to pretend they don't care about price. Until everyone starts caring about price and punishing you for it." -- Luca on how every chain (except Near and a few exceptions), including Ethereum, are struggling https://x.com/i/broadcasts/1NxarrjRXMlKj

@laurashinMay 2026

Ditch your wallet private keys, Pick up your notes instead! Follow me and get ready to inscribe your Objectized Assets on Ethereum! On-chain objects are calling. Who’s in?

@unisdotdevMay 2026

While looking through old contracts, I found a post from 2016 saying unclaimed TheDAO funds would be used for Ethereum security. Nearly ten years later, I made the proposal to put these funds to use and I'm proud to say that 75,000 ETH will be used to fund Ethereum security!

@griffgreenMay 2026

目前珍珠状态144卡4090 一小时50u成本 3个小时成本150u 挖了441 PRL币 400u 现在每小时80多u的利润 明天继续加卡 跨链 https://pearlbridge.xyz/ 合约 https://web3.okx.com/zh-hans/token/ethereum/0x07696dcab55e62cfef953666b29fe1970518cb00 https://x.com/AKAKAY04/status/2059650879511536041

@akakay04May 2026

“Ethereum Is a Giver, Not a Taker”: David Hoffman Explains ETH Exit

CryptoPotatoMay 2026

if even Hudson is saying this, it is probably true Ethereum is not a DAO and can't handle this, nor is it a community, nor should retail ETH holders be raped pro rata after essentially holding a stablecoin for 5 years, go seek individual patronage from individual whales! https://x.com/hudsonjameso

@lex_nodeMay 2026

seeing lots of good reasons to be bullish on ethereum right now, none of which offer any reason to be bullish on $eth

@divine_economyMay 2026

RT @MilkRoad: Haseeb: Ethereum = the Microsoft of crypto - and that's neither a good nor a bad thing. "Much like Microsoft, Ethereum is ve…

@MilkRoadMay 2026