
Dewhales Capital
Description
Dewhales Capital is a venture capital firm established in 2021 and based in Singapore, specializing in early-stage investments within the rapidly evolving crypto market. The firm primarily focuses on disruptive projects leveraging Web3, artificial intelligence (AI), and blockchain technologies. Their investment philosophy centers on identifying innovative solutions with strong underlying fundamentals, aiming to support the foundational infrastructure and applications of the decentralized web.
Since its inception, Dewhales Capital has built a diverse portfolio, demonstrating an active presence in significant early-stage funding rounds. The firm is known for participating in syndicated seed and strategic rounds, often alongside other prominent crypto-focused venture funds. For instance, they were a participant in MetaCene's $10 million seed round and Ultiverse's $4.5 million seed round, showcasing their commitment to emerging gaming and metaverse projects. Their portfolio includes over 14 investments, spanning various sub-sectors within the Web3 ecosystem, from infrastructure to gaming and decentralized finance (DeFi).
Beyond capital injection, Dewhales Capital emphasizes providing strategic guidance, operational support, and access to its extensive network within the blockchain and AI industries. This hands-on approach aims to accelerate the growth and market penetration of their portfolio companies. While specific check sizes are not publicly disclosed, their consistent participation in multi-million dollar seed rounds suggests typical initial investments range from the low to high six figures, reflecting their role as a key early-stage contributor in the competitive crypto venture landscape.
Investor Profile
Dewhales Capital has backed more than 22 startups, with 9 new investments in the last 12 months alone. The firm has led 2 rounds, about 9% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
- Majority of deals are located in Singapore, United States, Estonia.
- Strong thematic focus on Blockchain, Cryptocurrency, Decentralized Finance (DeFi).
- Led 1 rounds in the past year.
- Typical check size: $100K – $1M.
Stage Focus
- Seed (82%)
- Series A (9%)
- Series Unknown (5%)
- Pre Seed (5%)
Country Focus
- Singapore (23%)
- United States (14%)
- Estonia (9%)
- Cayman Islands (5%)
- United Kingdom (5%)
- Spain (5%)
- United Arab Emirates (5%)
- Marshall Islands (5%)
Industry Focus
- Blockchain
- Cryptocurrency
- Decentralized Finance (Defi)
- Financial Services
- Web3
- Finance
- Trading Platform
- Information Technology
- Fintech
- Software
Frequently Asked Questions
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