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D1 Ventures

Asia, Beijing, China, Beijing

Description

D1 Ventures is a Beijing-based venture capital firm deeply committed to fostering the "Future of Open Economy," a term that encapsulates the burgeoning Web3, blockchain, and cryptocurrency sectors. As an early-stage investor, the firm strategically targets innovative projects from their nascent seed phases through to Series A funding rounds, aiming to identify and empower the foundational technologies and applications that will drive the next wave of decentralization.

The core of D1 Ventures' investment thesis lies in supporting ventures that are building the infrastructure and applications for a more open, transparent, and decentralized internet. Their diverse portfolio spans critical areas within the Web3 ecosystem, including sophisticated decentralized finance (DeFi) protocols, immersive GameFi experiences, cutting-edge non-fungible token (NFT) platforms, and robust Layer 1 and Layer 2 scaling solutions. The firm seeks out teams with strong technical expertise and a clear vision for how their innovations will contribute to the broader digital asset landscape.

D1 Ventures has rapidly established itself as a significant player in the global Web3 investment landscape, evidenced by its extensive portfolio comprising over 60 distinct projects. Their strategic capital deployment has supported some of the most impactful names in the space, including their participation in the substantial $120 million Series B funding round for Arbitrum, a leading Layer 2 scaling solution for Ethereum. Beyond capital, D1 Ventures emphasizes a collaborative approach, providing portfolio companies with strategic guidance, industry connections, and operational support to accelerate their growth and market adoption. This hands-on methodology underscores their commitment to long-term value creation within the evolving open economy.

Investor Profile

D1 Ventures has backed more than 54 startups, with 2 new investments in the last 12 months alone. The firm has led 2 rounds, about 4% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, Switzerland.
  • Strong thematic focus on Blockchain, Cryptocurrency, Software.
  • Typical check size: $500K – $8M.

Stage Focus

  • Seed (63%)
  • Series Unknown (11%)
  • Series A (7%)
  • Pre Seed (6%)
  • Initial Coin Offering (4%)
  • Series D (2%)
  • Private Equity (2%)
  • Series F (2%)
  • Undisclosed (2%)
  • Angel (2%)

Country Focus

  • United States (31%)
  • Singapore (13%)
  • Switzerland (7%)
  • Germany (6%)
  • United Kingdom (6%)
  • China (4%)
  • Lithuania (4%)
  • Saint Kitts and Nevis (4%)
  • United Arab Emirates (2%)
  • Australia (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Software
  • Information Technology
  • Financial Services
  • Web3
  • Developer Tools
  • Marketplace
  • Decentralized Finance (Defi)
  • Trading Platform
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does D1 Ventures frequently co-invest with?

IOSG Ventures
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 10
SevenX Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 10
Hypersphere Ventures
North America, Florida, United States, Miami
Co-Investments: 14
LD Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 7
Fenbushi Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 6
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 6
Genblock Capital
North America, California, United States, San Francisco
Co-Investments: 7
Signum Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 8
Digital Finance Group (DFG)
Asia, Central Region, Singapore, Singapore
Co-Investments: 10
Alameda Research
Asia, Hong Kong Island, Hong Kong, Central and Western
Co-Investments: 6

Which angels does D1 Ventures often collaborate with?

Shared Deals: 2
Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 2
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 1
Arvin Bhangu
North America, California, United States, Beverly Hills
Shared Deals: 2
Kieran Warwick
Oceania, New South Wales, Australia, Sydney
Shared Deals: 1
Yin Cao
Asia, Shanghai, China, Shanghai
Shared Deals: 2
JW
North America, California, United States, San Francisco
Shared Deals: 1
CL
North America, California, United States, San Francisco
Shared Deals: 1
Eva Beylin
North America, Canada
Shared Deals: 1
RM
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by D1 Ventures?

The Arena

New York, New York, United States

Arena is a cutting-edge SocialFi platform that is revolutionizing the way content producers interact, network, and make money off.

SocialSocial Media Management
Pre SeedOct 16, 2024
Amount Raised: $2,000,000

Rivalz Network is an AI-Driven DePIN RollApp.

Artificial Intelligence (AI)
SeedAug 14, 2024
Amount Raised: $9,000,000
Sigma Computing

San Francisco, California, United States

Sigma Computing is a business intelligence solution providing live access to cloud data warehouses.

AnalyticsBusiness IntelligenceCloud Data ServicesComputerSoftware
Series DMay 16, 2024
Amount Raised: $200,000,000
Tanssi Network

Us, Picardie, France

Tanssi is an app chain infrastructure protocol that simplifies app chain deployment.

BlockchainDeveloper ToolsSoftware
SeedMay 24, 2023
Amount Raised: $3,000,000
Sumi Network

San Francisco, California, United States

Sumi Network is a decentralized storage solution provider.

BlockchainCryptocurrencyVirtual Currency
SeedFeb 3, 2023
Amount Raised: $3,000,000
t3rn

Lisbon, Lisboa, Portugal

The Modular Interoperability Layer

BlockchainCryptocurrencyInformation TechnologySmart ContractsSoftware
Private EquityNov 25, 2022
Amount Raised: $6,500,000
Sepana

Tel Aviv, Tel Aviv, Israel

Sepana develops search technologies designed to make it easy for people, communities, applications, and protocols to discover Web3 content.

AppsB2BInformation TechnologyWeb3
SeedNov 8, 2022
Amount Raised: $10,000,000
Tapio Protocol

Singapore, Central Region, Singapore

Tapio Protocol is a synthetic asset protocol that unifies different formats of staking and crowdloan derivatives into an efficient standard.

Cryptocurrency
SeedOct 17, 2022
Amount Raised: $4,000,000
Sender Wallet

Singapore, Central Region, Singapore

Sender Wallet is a NEAR ecological encrypted wallet that manages, exchanges, and displays crypto assets and collectibles.

BlockchainCryptocurrency
SeedSep 12, 2022
Amount Raised: $4,500,000
Magpie Protocol

Dubai, Dubai, United Arab Emirates

Magpie Protocol is a decentralized liquidity aggregation protocol for cross-chain exchange infrastructure.

Decentralized Finance (DeFi)Financial ServicesTrading Platform
SeedSep 1, 2022
Amount Raised: $3,000,000