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Waterdrip Capital

Asia, Shanghai, China, Shanghai

Description

Waterdrip Capital is a prominent venture capital firm based in Shanghai, China, with a dedicated focus on the burgeoning blockchain industry. Established in 2017, the firm has rapidly positioned itself as a key early-stage investor in the Web3 ecosystem, demonstrating a strong commitment to fostering innovation across various decentralized technologies. Their investment thesis primarily revolves around identifying and supporting promising projects in areas such as DeFi (Decentralized Finance), GameFi, NFTs, blockchain infrastructure, and other foundational Web3 applications.

The firm's strategic approach involves not just capital injection but also providing extensive support to its portfolio companies, leveraging its deep industry knowledge and network within the global blockchain community. Waterdrip Capital is known for its proactive engagement with founders, offering guidance on tokenomics, market strategy, and ecosystem development. This hands-on approach aims to accelerate the growth and adoption of their invested ventures, contributing significantly to the broader decentralized landscape.

With a prolific investment record, Waterdrip Capital has amassed a diverse portfolio exceeding 100 investments since its inception. This extensive activity underscores their commitment to the long-term potential of blockchain technology and their belief in the transformative power of decentralization. While specific typical check sizes are not publicly disclosed, their consistent participation in early-stage funding rounds suggests an appetite for backing nascent projects with high growth potential. Their global reach extends beyond China, actively investing in projects worldwide that align with their vision for a decentralized future.

Investor Profile

Waterdrip Capital has backed more than 62 startups, with 18 new investments in the last 12 months alone. The firm has led 8 rounds, about 13% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Singapore, United States, Canada.
  • Strong thematic focus on Blockchain, Cryptocurrency, Web3.
  • Led 5 rounds in the past year.

Stage Focus

  • Seed (71%)
  • Pre Seed (10%)
  • Series Unknown (8%)
  • Series A (6%)
  • Initial Coin Offering (5%)

Country Focus

  • Singapore (21%)
  • United States (13%)
  • Canada (8%)
  • Estonia (3%)
  • Hong Kong (3%)
  • Israel (2%)
  • Switzerland (2%)
  • Cayman Islands (2%)
  • Norway (2%)
  • Malaysia (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Web3
  • Bitcoin
  • Information Technology
  • Financial Services
  • Decentralized Finance (Defi)
  • Artificial Intelligence (Ai)
  • Fintech
  • Cloud Computing
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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 Waterdrip Capital frequently co-invest with?

OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 9
ABCDE
Asia, Central Region, Singapore, Singapore
Co-Investments: 6
LD Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 6
SNZ Holding
North America, New York, United States, Ronkonkoma
Co-Investments: 7
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 6
MH Ventures
Europe, England, United Kingdom, London
Co-Investments: 6
AU21 Capital
North America, California, United States, San Francisco
Co-Investments: 7
Co-Investments: 7
Foresight Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
Chain Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 6

Which angels does Waterdrip Capital often collaborate with?

Shared Deals: 1
Shared Deals: 1
Andrey Shirben
Oceania, New South Wales, Australia, Sydney
Shared Deals: 1
Shared Deals: 1
MH
Europe, England, United Kingdom, London
Shared Deals: 1
Jemma Xu
Africa, Apac, Uganda
Shared Deals: 1
VK
North America, New York, United States, New York
Shared Deals: 1
RD
North America, NA - Puerto Rico, Puerto Rico, San Juan
Shared Deals: 1
CS
North America, Washington, United States, Kirkland
Shared Deals: 1
JB
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Waterdrip Capital?

aZen Protocol

Auckland, Auckland, New Zealand

Blockchain network, computing, DePIN, AI, Edge Computing

Artificial Intelligence (AI)BlockchainCloud ComputingDecentralized Finance (DeFi)Non-Fungible Token (NFT)Web3
SeedMay 1, 2025
Amount Raised: $1,200,000
Kaia

Singapore, Central Region, Singapore

Kaia is a public blockchain that utilizes Byzantine Fault Tolerance (BFT) for enhanced reliability and performance.

BlockchainCryptocurrencyDecentralized Finance (DeFi)
Series UnknownApr 30, 2025

Hibit is a Layer-1 blockchain that is specifically developed for AI agents and next-generation financial technology solutions.

BlockchainCryptocurrencyWeb3
Series UnknownMar 22, 2025
Amount Raised: $5,000,000

Uswap.ai is a decentralized protocol that connects AI agents to decentralized exchanges (DEX) for quick liquidity pool creation.

BlockchainCryptocurrencyWeb3
Series UnknownFeb 14, 2025
Amount Raised: $1,500,000
Inferix Labs

Singapore, Central Region, Singapore

Inferix Labs is ​​a decentralized GPU network that provides GPU visual computing solutions dedicated to 3D/AR/VR rendering and AI inference.

Artificial Intelligence (AI)BlockchainGPU
SeedDec 19, 2024
Amount Raised: $2,600,000

Lnfi Network is an all-in-one financialization layer for Taproot Assets.

BitcoinBlockchainFinancial Services
Pre SeedNov 22, 2024
Prosper

Tallinn, Harjumaa, Estonia

Prosper is a unique idea that aims to create a long-term flywheel around hashrate and the Bitcoin ecosystem.

BitcoinFinTechSaaS
Series UnknownNov 14, 2024

MiniTon is a social competition platform powered by TON that allows users to play engaging games and earn actual prizes.

BlockchainDigital EntertainmentGaming
SeedNov 10, 2024
SkyX

Singapore, Central Region, Singapore

SkyX is a blockchain-powered weather network that uses an incentive system and web3 protocol.

Artificial Intelligence (AI)BlockchainWeb3
Pre SeedNov 7, 2024
Amount Raised: $1,000,000

B² Network is a financial services company that offers bitcoin network and crypto assets with solutions in the settlement layer.

BitcoinBlockchainCryptocurrency
SeedOct 21, 2024