Where is Coin98's headquarters located?

Coin98's headquarters is located in Ho Chi Minh City (Vietnam).

How many companies has Coin98 invested in?

Coin98 has invested in 24 companies, including Krystal & Sipher.

Which companies has Coin98 invested in lately?

Blackwing & NAVI are the latest investments by Coin98.

How many exits has Coin98 been involved in?

Coin98's portfolio has seen 1 acquisition.

Coin98 - 2026 Investor Profile, Portfolio, Team & Investment Trends

Coin98, an accelerator and incubator program founded in 2017, is based in Ho Chi Minh City, Vietnam. With a presence in 13 countries, it has supported around 24 startups in sectors like Blockchain Technology, High Tech. As of Oct 2026, Coin98 has witnessed 1 portfolio exit. Most notable companies in its portfolio include Krystal, Sipher and Aura. The program is backed by a team of 2 people who primarily support Seed startups based in Singapore. Its latest investment was a $4.5M Series A round in Blackwing on Mar 07, 2024, which also saw participation from Hashed and gCC.

Key Metrics

Founded Year

2017

Location

Ho Chi Minh City, Vietnam

Portfolio Companies

Krystal, Sipher & 22 more

Sectors of Investment

Blockchain Technology, High Tech & 5 more

Stages of Investment

Seed & Series A

Locations of Investment

Singapore, Vietnam & 11 more

View Coin98's full profile

Coin98 has a portfolio of 24 companies. Their most notable investments are in OpenSwap and Cyclos.Their portfolio spans across Singapore, Vietnam, United Kingdom and 10 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 4 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Coin98:

1. Krystal

Blockchain-based platform for financial services. It enables wallet management, exchange of digital assets, P2P lending, and more. It features staking, earnings on referrals, retweet campaigns, and more. The application is available on Android and iOS platforms.

Key facts about Krystal

Founded Year: 2021
Location: Tortola (United Kingdom)
Stage: Seed
Total Funding till date: $6.6M
Employee Count: 144 as on Sep 30, 2026
Investors: Signum Capital, DeFi Alliance and 7 Others
Latest Funding Round: Seed, Aug 04, 2021, $*****
Highlight: Editors' Pick

2. Sipher

Provider of NFT-based multi-player battle game. Sipher Odyssey is a multiplayer looter shooter ARPG set in a dream-like universe of alien worlds, vibrant characters, and dangerous mysteries. The game is available for Android and iOS platforms.

Key facts about Sipher

Founded Year: 2021
Location: Tortola (United Kingdom)
Stage: Seed
Total Funding till date: $6.8M
Employee Count: 51 as on Sep 30, 2026
Investors: Fenbushi Capital, Konvoy Ventures and 21 Others
Latest Funding Round: ICO, Dec 09, 2021, $*****
Highlight: Editors' Pick

3. Aura

Blockchain-based network for NFT. It provides infrastructure assisting to bring assets to the decentralized market and ultimately, the metaverse ecosystem. The platform allows users to manage digital assets. It also supports both game-fi and social-fi.

Key facts about Aura

Founded Year: 2021
Location: Singapore (Singapore)
Stage: Seed
Total Funding till date: $9M
Employee Count: 29 as on Sep 30, 2026
Investors: SNZ, KuCoin and 20 Others
Latest Funding Round: Seed, Feb 15, 2023, $*****
Highlight: Editors' Pick

4. Impossible Finance

DeFi platform for providing decentralized financial products. It enables to build products such as staking, liquidity, reward-based staking, and more. It features DeFi Swap Stack for swap, liquidity, and staking modules; Self-Sustaining Initial DeFi Offering for token distribution & fundraising; and more.

Key facts about Impossible Finance

Founded Year: 2021
Location: Singapore (Singapore)
Stage: Series A
Total Funding till date: $7M
Employee Count: 25 as on Sep 30, 2026
Investors: CMS Holdings, True Ventures and 32 Others
Latest Funding Round: ICO, Aug 17, 2021, $*****

5. Ancient8

Provider of PC and console-based blockchain gaming platform. The decentralised platform allows players to play and build the metaverse while earning rewards.

Key facts about Ancient8

Founded Year: 2021
Location: Ho Chi Minh City (Vietnam)
Stage: Series A
Total Funding till date: $10M
Employee Count: 25 as on Sep 30, 2026
Investors: Jump Capital, Makers Fund and 47 Others
Latest Funding Round: Grant (prize money), Dec 02, 2024, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Coin98 has invested in 26 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. Its most recent first time investment was in Blackwing and most recent follow-on round was in Aura.

Here are Coin98's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	2	0	2
2023	2	1	3
2022	5	0	5
2021	14	0	14

View all investments by Coin98

Coin98 has made 16 investments in Seed stage with an average round size of $4.26M and 7 investments in Series A stage with an average round size of $5.37M.

Here are Coin98's investments by stage:

Stage of entry	No. of Investments
Seed	16
Series A	7

Note: We have considered here, only first round of investments

View all investments by Coin98

Coin98 has a diverse portfolio, with companies operating in the Blockchain Technology, High Tech, Blockchain - Industry Applications, FinTech and Gaming. Notably, it has invested in 24 Tech companies, 20 Blockchain companies, 17 Consumer (B2C) companies and at least 11 companies focusing on Software.

Here are Coin98's investments by sector:

Sector	No. of Investments
Blockchain Technology	22
High Tech	18
Blockchain - Industry Applications	16
FinTech	16
Gaming	9
Others	12

Note: We have considered here, only first round of investments

View all investments by Coin98

Coin98 has made most investments in Singapore (6), followed by Vietnam where it has made 4 investments.

Here are Coin98's investments by geography:

Country	No. of Investments
Singapore	6
Vietnam	4
United Kingdom	2
United States	2
Australia	1
Others	8

Note: We have considered here, only first round of investments

View all investments by Coin98

Coin98 has not made any investment in 2026 so far.

Here are the most recent investments by Coin98:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Mar 07, 2024	Blackwing	United States	Series A	6809	Hashed [+3]
Jan 31, 2024	NAVI	Pakistan	Seed	3076	OKX [+15]
May 25, 2023	TomoChain	Singapore	Seed	5539	-
May 02, 2023	Cetus	-	Seed	4689	OKX [+8]
Feb 15, 2023	Aura	Singapore	Seed	6415	Hashed [+3]

See more recent investments made by Coin98

1 company from Coin98's portfolio has been acquired. The most recent acquisition was CyBall in Dec 2022 by Coin98 for $*****.

Here are Coin98's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
CyBall	Dec 08, 2022	Dec 14, 2021	Seed	1454

View all acquired companies in Coin98's portfolio

Coin98 has a team of 2 members including 2 Partners located in Vietnam. Coin98's team does not sit on the board of any company as of now.

View team details of Coin98

Over the past 5 years, 218 investors have co-invested in Coin98's portfolio companies. This includes funds and angels.

Top Co-investors of Coin98: 192 investors entered a company along with Coin98. These include investors like Hashed (11 companies).
Invested after Coin98: A total of 26 investors have invested in Coin98's portfolio after their investments. Top Investors include Hashed (1 company) and Istari Ventures (1 company).