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Nexo

North America, Idaho, United States, Boise

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
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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 Nexo frequently co-invest with?

CMT Digital Ventures
North America, Illinois, United States, Chicago
Co-Investments: 4
boldstart ventures
North America, Florida, United States, Miami
Co-Investments: 2
Coinbase
North America, California, United States, San Francisco
Co-Investments: 2
6th Man Ventures
North America, New York, United States, New York
Co-Investments: 2
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 3
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 3
Wintermute Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
The Spartan Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
BF
North America, New York, United States, New York
Co-Investments: 3
Alameda Research
Asia, Hong Kong Island, Hong Kong, Central and Western
Co-Investments: 3

Which angels does Nexo often collaborate with?

AP
North America, California, United States, San Francisco
Shared Deals: 1
SP
North America, Massachusetts, United States, Boston
Shared Deals: 1
Jose Jair Bonilla
South America, Distrito Especial, Colombia, Bogotá
Shared Deals: 1
Oscar Sarria Guerrero
South America, Distrito Especial, Colombia, Bogotá
Shared Deals: 1
BD
North America, California, United States, Los Angeles
Shared Deals: 1
Man Hei Lou
South America, Distrito Especial, Colombia, Bogotá
Shared Deals: 1
MK
North America, Massachusetts, United States, Boston
Shared Deals: 1
Carolina Garcia
North America, Distrito Federal, Mexico, Polanco
Shared Deals: 1
AC
North America, New York, United States, New York
Shared Deals: 1
Caterine Castillo Ceballos
South America, Distrito Especial, Colombia, Bogotá
Shared Deals: 1

What are some of recent deals done by Nexo?

Hypernative

Herzliya, Tel Aviv, Israel

Hypernative is a software development company that protects digital assets using AI.

Cyber SecurityInformation TechnologyMachine LearningWeb3
SeedJan 30, 2023
Amount Raised: $9,000,000
Zulu

Miami, Florida, United States

Neobank powered by blockchain and stablecoins.

Mobile PaymentsPaymentsTransaction Processing
SeedSep 13, 2022
Amount Raised: $5,000,000
Kaleidoco

Las Vegas, Nevada, United States

Kaleidoco is a technology company built for Web3 experiences.

Digital EntertainmentSoftwareWeb DesignWeb3
SeedJun 15, 2022
Amount Raised: $7,000,000
Mara

Nairobi, Nairobi Area, Kenya

Africa's portal to the cryptoeconomy

BlockchainCryptocurrencyFinancial Services
SeedMay 11, 2022
Amount Raised: $23,000,000
Time Shuffle

Zürich, Zurich, Switzerland

TimeShuffle is a Play-and-Earn tactical RPG game.

Online Games
SeedMay 11, 2022
Amount Raised: $2,100,000
Amberdata

Miami, Florida, United States

Amberdata is a blockchain and cryptoasset data company that offers tools for exchanges, wallets, traders, and developers.

BlockchainCryptocurrencyDeveloper APIsDeveloper PlatformFinTech
Series BMay 4, 2022
Amount Raised: $30,000,000

MYSO Finance provides fully customizable on-chain covered calls and bespoke DeFi loans.

BlockchainCryptocurrencyWeb3
SeedApr 29, 2022
Amount Raised: $2,400,000
Decrypt

Brooklyn, New York, United States

Decrypt is a media platform that focused on stories from culture, technology, business, education, politics, art, and the latest news.

BitcoinBlockchainCryptocurrencyInternet
Series UnknownApr 1, 2022
Amount Raised: $10,000,000
The TIE

Manhattan, New York, United States

The TIE is the leading provider of information to institutions in digital assets.

AnalyticsCryptocurrencyFinanceFinancial ServicesFinTech
Series AMar 21, 2022
Amount Raised: $9,000,000
Mizar

London, England, United Kingdom

Mizar is a crypto trading company that provides information management solutions to serve the Oracle user community.

FinTechInformation TechnologyOpen SourceSoftwareTrading Platform
SeedFeb 25, 2022
Amount Raised: $3,000,000