Bybit

Bybit, a prominent global cryptocurrency exchange headquartered in Singapore, established its dedicated investment arm, Bybit Ventures, in March 2022. Launched with an initial fund of $100 million, Bybit Ventures was created to strategically deploy capital into promising blockchain and Web3 projects. Its primary objective is to foster innovation and growth within the decentralized ecosystem, providing not only financial backing but also industry expertise and ecosystem support to its portfolio companies.

Bybit Ventures maintains a broad investment focus, actively seeking opportunities across various burgeoning sectors within the Web3 landscape. These include decentralized finance (DeFi), GameFi, non-fungible tokens (NFTs), core infrastructure, and other emerging Web3 applications. Since its inception, Bybit Ventures has rapidly expanded its portfolio, having invested in over 100 projects to date, demonstrating a strong commitment to supporting the next generation of blockchain innovators.

While Bybit Ventures does not publicly disclose specific check sizes for individual investments, an analysis of its stated fund size and the number of portfolio companies provides insight into its typical investment range. With an initial fund of $100 million and investments in over 100 projects, the average investment size is approximately $1 million. This suggests that Bybit Ventures typically participates in early-stage rounds, including seed and Series A, often alongside other venture capital firms. Based on this, their typical first check size is estimated to range from approximately $250,000 for smaller, strategic participations to around $3,000,000 for larger, more significant investments in promising ventures.

Through Bybit Ventures, the exchange aims to solidify its position as a key enabler in the Web3 space, leveraging its extensive network and resources to accelerate the development and adoption of decentralized technologies. Its strategic investments underscore Bybit's long-term vision for a more open and interconnected digital economy.