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Matrixport

Asia, Central Region, Singapore, Singapore

Description

Matrixport, a prominent digital assets financial services platform headquartered in Singapore, extended its reach into the venture capital landscape with the launch of Matrixport Ventures in November 2021. This dedicated venture arm was established with a substantial fund of $100 million, specifically earmarked for investments in the burgeoning Web3 and blockchain ecosystem. The fund's primary objective is to identify and support innovative early-stage projects across various segments, including Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), GameFi, and underlying Web3 infrastructure. This strategic move underscores Matrixport's commitment to fostering the growth and adoption of decentralized technologies, leveraging its deep expertise and network within the crypto industry.

Matrixport Ventures operates with a strategic focus on projects that align with the future of digital assets and decentralized applications. The fund aims to provide more than just capital, offering portfolio companies access to Matrixport's extensive resources, including technical expertise, market insights, and potential integration opportunities within its broader financial services ecosystem. While specific deal sizes can vary based on the stage and needs of the startup, Matrixport Ventures typically targets initial investments ranging from approximately $500,000 for promising seed-stage ventures to up to $5,000,000 for leading or co-leading Series A rounds. This flexibility allows them to engage with a diverse range of innovative startups, from nascent ideas to more developed prototypes.

The establishment of Matrixport Ventures positions the firm as a significant player in the global Web3 investment space, particularly from an Asia-centric perspective, given its Singapore base. By deploying its $100 million fund, Matrixport is actively contributing to the development of foundational technologies and applications that are shaping the next generation of the internet. Their investment thesis emphasizes long-term growth and the potential for these projects to drive mainstream adoption of blockchain technology. This venture arm complements Matrixport's core business, creating a symbiotic relationship where investments can potentially feed into and enhance their existing financial products and services, further solidifying their footprint in the digital asset economy.

Investor Profile

Matrixport has backed more than 29 startups, with 1 new investments in the last 12 months alone. The firm has led 6 rounds, about 21% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Angel rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, Cayman Islands.
  • Strong thematic focus on Blockchain, Cryptocurrency, Web3.
  • Led 1 rounds in the past year.
  • Typical check size: $500K – $5M.

Stage Focus

  • Seed (59%)
  • Series A (17%)
  • Angel (7%)
  • Series Unknown (7%)
  • Corporate Round (3%)
  • Series B (3%)
  • Post Ipo Debt (3%)

Country Focus

  • United States (34%)
  • Singapore (34%)
  • Cayman Islands (3%)
  • Hong Kong (3%)
  • Israel (3%)
  • Puerto Rico (3%)
  • China (3%)
  • Ireland (3%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Web3
  • Fintech
  • Decentralized Finance (Defi)
  • Information Technology
  • Finance
  • Software
  • Bitcoin
  • Financial Services
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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 Matrixport frequently co-invest with?

CMT Digital Ventures
North America, Illinois, United States, Chicago
Co-Investments: 3
OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 3
Mirana
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 4
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 3
Primitive Ventures
North America, California, United States, San Francisco
Co-Investments: 3
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Hashkey Exchange
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 3
FV
North America, New York, United States, New York
Co-Investments: 3
KuCoin Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 3
Bixin Ventures
Asia, Beijing, China, Beijing
Co-Investments: 4

Which angels does Matrixport often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 2
AS
North America, California, United States, San Francisco
Shared Deals: 1
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 1
SP
North America, New York, United States
Shared Deals: 1
Liang Xinjun
Asia, Shanghai, China, Shanghai
Shared Deals: 1
JM
North America, California, United States, Los Angeles
Shared Deals: 1
TK
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
Ahmed Al-Balaghi
Asia, United Arab Emirates
Shared Deals: 1
Aniket Jindal
Asia, Delhi, India
Shared Deals: 1

What are some of recent deals done by Matrixport?

Bitdeer Technologies Group

Singapore, Central Region, Singapore

Bitdeer is a provider of digital asset mining services for blockchain and high-performance computing.

BlockchainCloud ComputingCryptocurrencyInformation Technology
Post Ipo DebtApr 1, 2025
Amount Raised: $200,000,000
Owlto

New York, New York, United States

Owlto is an intent-driven cross-chain interoperability protocol.

Artificial Intelligence (AI)Web3
Series UnknownJul 17, 2024
Stoneblade Entertainment

Las Vegas, Nevada, United States

Stoneblade Entertainment operates as a publisher of strategy games.

Series UnknownApr 29, 2024
CELL Studio

Singapore, Central Region, Singapore

CELL Studio is a blockchain software platform.

BlockchainCryptocurrency
SeedApr 3, 2024

Avalon Finance is a decentralized protocol that offers a BTC liquidity mechanism for production.

BlockchainCryptocurrencyDecentralized Finance (DeFi)FinTech
SeedMar 15, 2024
Amount Raised: $1,500,000
UXLINK

Singapore, Central Region, Singapore

UXLINK is a social infrastructure comprised of social protocols and a collection of Dapps.

Decentralized Finance (DeFi)FinTechInformation Technology
SeedMar 13, 2024
Amount Raised: $9,000,000
BounceBit

Singapore, Central Region, Singapore

BounceBit is a chain solution that aims to provide a smart contract execution environment centered on the BTC Token.

Information ServicesInformation TechnologyInternet
SeedFeb 28, 2024
Amount Raised: $6,000,000

TProtocol is a platform that supports RWA on-chain, cross-chain, and asset aggregation, and it also hosts a DeFi ecosystem.

Decentralized Finance (DeFi)FinTechInformation Technology
AngelJan 29, 2024
VETA FINANCE

Hong Kong, Hong Kong Island, Hong Kong

World's first on-chain platform that supports margin trading of structured products.

BlockchainCryptocurrencyDecentralized Finance (DeFi)Web3
SeedJan 23, 2024
Amount Raised: $2,858,000
Definitive

Los Angeles, California, United States

Definitive offers a financial management platform with cryptocurrency features and AI-powered customer support.

BlockchainCryptocurrencyFinancial ServicesTrading Platform
SeedNov 8, 2023
Amount Raised: $4,100,000