
Nexo
Description
Nexo, a prominent player in the digital asset space known for its all-in-one crypto platform, extended its reach into strategic investments with the launch of Nexo Ventures in March 2022. This dedicated investment arm was established with a significant initial commitment of $150 million, signaling Nexo's intent to actively shape the future of Web3 and the broader blockchain ecosystem. The venture arm's primary objective is to identify and support innovative projects that align with Nexo's vision of accelerating the adoption and utility of digital assets globally.
Nexo Ventures strategically focuses on a diverse range of emerging sectors within the Web3 landscape, including decentralized finance (DeFi), GameFi, blockchain infrastructure, metaverse technologies, and non-fungible tokens (NFTs). Beyond providing crucial capital, Nexo Ventures aims to be a value-add investor, offering portfolio companies access to Nexo's extensive expertise, robust infrastructure, and vast user base. This hands-on approach is designed to foster growth, facilitate market entry, and help founders navigate the complexities of the rapidly evolving crypto industry.
The investment arm typically targets early-stage projects, with initial cheque sizes generally ranging from $500,000 to $10 million, depending on the stage and specific needs of the venture. This flexible approach allows them to engage with a variety of promising startups. Notable investments within their portfolio include Qredo, a decentralized digital asset management infrastructure, and Mizar, an automated crypto trading platform. These investments reflect Nexo Ventures' commitment to supporting foundational technologies and innovative applications that enhance the functionality and accessibility of the decentralized web.
Nexo Ventures' investment strategy is deeply integrated with Nexo's core business, seeking synergistic opportunities that can both benefit the portfolio companies and contribute to the overall growth and resilience of the Nexo ecosystem. By backing pioneering teams and technologies, Nexo Ventures is not merely deploying capital but actively participating in the development of the next generation of decentralized applications and infrastructure, solidifying its role as a key enabler in the digital economy.
Investor Profile
Nexo has backed more than 23 startups, with 0 new investments in the last 12 months alone. The firm has led 3 rounds, about 13% 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 United States, United Kingdom, Singapore.
- Strong thematic focus on Blockchain, Cryptocurrency, FinTech.
- Typical check size: $500K – $10M.
Stage Focus
- Seed (43%)
- Series A (26%)
- Series Unknown (13%)
- Series B (9%)
- Initial Coin Offering (4%)
- Corporate Round (4%)
Country Focus
- United States (35%)
- United Kingdom (17%)
- Singapore (9%)
- Kenya (9%)
- Romania (4%)
- Israel (4%)
- Saint Kitts and Nevis (4%)
- Switzerland (4%)
- Estonia (4%)
Industry Focus
- Blockchain
- Cryptocurrency
- Fintech
- Information Technology
- Financial Services
- Web3
- Software
- Finance
- Developer Apis
- Open Source
Frequently Asked Questions
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