
PANONY
Description
PANONY, established in 2018 and based in Hong Kong, operates as a multi-faceted entity at the forefront of the Web3 ecosystem. Describing itself as a "Web3-focused venture capital firm and an advisory group," PANONY strategically positions itself as both an investor and a thought leader. The firm's core mission revolves around identifying, nurturing, and scaling innovative projects within the blockchain, cryptocurrency, and decentralized technology sectors. Their approach integrates capital deployment with strategic guidance, aiming to accelerate the growth and adoption of nascent Web3 solutions globally.
As a venture capital firm, PANONY primarily targets Seed and Early Stage Venture rounds, demonstrating a commitment to supporting foundational technologies and emerging applications. Their investment thesis spans a broad spectrum of Web3 verticals, including blockchain infrastructure, decentralized finance (DeFi), GameFi, non-fungible tokens (NFTs), and metaverse platforms. Beyond capital injection, PANONY leverages its extensive network and deep industry expertise to provide portfolio companies with critical resources, including market insights, strategic partnerships, and operational support. This hands-on approach is designed to enhance the long-term viability and market penetration of their investments.
In addition to its investment activities, PANONY distinguishes itself through its robust advisory arm. This segment offers comprehensive consulting services to both startups and established enterprises navigating the complexities of the Web3 landscape. These services encompass tokenomics design, go-to-market strategies, regulatory compliance, and community building. PANONY's active participation in the ecosystem is evidenced by its portfolio, which includes over 20 investments in notable projects such as Animoca Brands, The Sandbox, and Immutable. Their recent participation in a $10 million seed round for Port3 Network in 2023 and a $12 million Series A round for Web3Go in 2024 further underscores their continued engagement in significant early-stage funding initiatives within the Web3 space.
Investor Profile
PANONY has backed more than 22 startups, with 3 new investments in the last 12 months alone. The firm has led 1 rounds, about 5% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Post Ipo Equity, Angel rounds (top funding stages).
- Majority of deals are located in Singapore, United States, Hong Kong.
- Strong thematic focus on Blockchain, Cryptocurrency, Metaverse.
- Typical check size: $250K – $3M.
Stage Focus
- Seed (82%)
- Post Ipo Equity (5%)
- Angel (5%)
- Series A (5%)
- Series Unknown (5%)
Country Focus
- Singapore (23%)
- United States (18%)
- Hong Kong (14%)
- Canada (14%)
- Taiwan (9%)
- Vietnam (5%)
- United Kingdom (5%)
- Nigeria (5%)
- United Arab Emirates (5%)
Industry Focus
- Blockchain
- Cryptocurrency
- Metaverse
- Gaming
- Web3
- Decentralized Finance (Defi)
- Financial Services
- Software
- Artificial Intelligence (Ai)
- Information Services
Frequently Asked Questions
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