About Everest Ventures Group
Everest Ventures Group, an accelerator and incubator program founded in 2017, is based in Hong Kong, China. With a presence in 18 countries, it has supported around 67 startups in sectors like Blockchain Technology, High Tech. As of Aug 2026, Everest Ventures Group has 4 unicorns under its belt and has witnessed 2 portfolio exits. Most notable companies in
its portfolio include Kraken, Animoca Brands and Telegram. The program is backed by a team of 11 people who primarily support Seed startups based in Singapore. Its latest investment was a Undisclosed Series A round in Blockworks on Apr 29, 2026, which also saw participation from ParaFi and Reciprocal Ventures.
Everest Ventures Group's List of Top Investments
Everest Ventures Group has a portfolio of 67 companies, including 4 unicorns. Their most notable investments are in StarSharks and rct AI.Their portfolio spans across United States, China, Singapore and 15 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 12 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Everest Ventures Group:1. Kraken
Provider of a multi-asset trading platform. It is a multi-faceted company offering a range of services including cryptocurrency trading, asset management, and digital marketing solutions.
Key facts about Kraken
- Founded Year: 2011
- Location: Cheyenne (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $866M
- Employee Count: 1,160 as on Jun 30, 2026
- Investors: ADS Ventures, InvestX and 126 Others
- Latest Funding Round: Series D, Jan 20, 2026, $*****
- Highlight: Editors' Pick
Digital assets and Web3 company that builds, invests in, and accelerates technologies and ecosystems for gaming. Its operations include the creation of virtual environments, identity management systems, and educational platforms utilizing distributed ledger technology. Services encompass treasury management for institutional entities and the facilitation of digital commerce through stablecoin infrastructure. Projects involve the development of interactive software and decentralized networks for managing ownership of virtual items.
Key facts about Animoca Brands
- Founded Year: 2006
- Location: Hong Kong (China)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $880M
- Employee Count: 306 as on Jun 30, 2026
- Investors: Harmony Partners, Backstage and 126 Others
- Latest Funding Round: Series C, Nov 11, 2024, $*****
- Highlight: Editors' Pick
3. Telegram
Developer of a cloud-based mobile and desktop messaging application. The application focuses on providing users with secure and fast communication. It offers features such as encrypted messaging, self-destructing messages, and cross-device synchronization. The application supports large group chats and allows users to customize their messaging experience. It also provides an open API and source code.
Key facts about Telegram
- Founded Year: 2013
- Location: Dubai (United Arab Emirates)
- Stage: Series D
- Total Funding till date: $150M
- Employee Count: 3,390 as on Jun 30, 2026
- Investors: SIB Investment Group, Mubadala and 28 Others
- Latest Funding Round: Conventional Debt, Mar 18, 2024, $*****
- Highlight: Editors' Pick
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4. Immutable
Blockchain-based infrastructure for NFT games and applications. It specializes in developing core games such as cards, MMO, FPS, and more. It also provides an open-source platform for developers to create immutable assets such as cards, skins, weapons, and more. It provides a peer-to-peer marketplace for players where they can buy, sell and gift in-game items.
Key facts about Immutable
- Founded Year: 2018
- Location: Sydney (Australia)
- Annual Revenue: $10M - $50M as on Jun 30, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $277M
- Employee Count: 209 as on Jun 30, 2026
- Investors: Princeville Capital, Temasek and 57 Others
- Latest Funding Round: Series C, Mar 07, 2022, $*****
- Highlight: Editors' Pick
5. The Sandbox
Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences. It allows users to create and monetize their NFTs in a blockchain-based environment. The Sandbox platform combines elements of creativity, exploration, and gameplay in a sandbox setting, providing users with a degree of freedom to interact creatively and build their own virtual worlds.
Key facts about The Sandbox
Everest Ventures Group's Year-on-Year Investment Trends
Everest Ventures Group has invested in 67 companies over the last 7 years, with an average of 5 new investments annually in the last 5 years. As of Apr 2026, it has made 2 investments in this year. Its most recent first time investment was in Blockworks and most recent follow-on round was in IZUMI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 0 | 0 | 0 |
2024 | 5 | 0 | 5 |
2023 | 4 | 0 | 4 |
2022 | 5 | 0 | 5 |
2021 | 10 | 1 | 11 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
Everest Ventures Group's Investments by Stage
Everest Ventures Group has made 14 investments in Seed stage with an average round size of $6.49M, 8 investments in Series A stage with an average round size of $8.46M, 4 investments in Series B stage with an average round size of $12.5M and 1 investment in Angel stage with an average round size of $5.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 8 |
Series B | 4 |
Angel | 1 |
Note: We have considered here, only first round of investments
Everest Ventures Group's Investments by Sector
Everest Ventures Group has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, Blockchain - Industry Applications, High Tech and Enterprise Applications. Notably, it has invested in 60 Tech companies, 42 Blockchain companies, 42 Consumer (B2C) companies and at least 30 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 20 |
FinTech | 19 |
Blockchain - Industry Applications | 17 |
High Tech | 16 |
Enterprise Applications | 7 |
Others | 19 |
Note: We have considered here, only first round of investments
Everest Ventures Group's Investments by Geography
Everest Ventures Group has made most investments in Singapore (7), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
Singapore | 7 |
United States | 7 |
China | 6 |
Australia | 2 |
Argentina | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Everest Ventures Group's recent investments
Everest Ventures Group has made 2 investments in 2026 so far - Blockworks and Myriad.Here are the most recent investments by Everest Ventures Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 29, 2026 | United States | Series A | 2608 | [+14] | |
Mar 19, 2026 | Cayman Islands | Seed | 8097 | [+9] | |
Jul 23, 2024 | United States | Series B | 3643 | [+3] | |
Jun 12, 2024 | Singapore | Seed | 6522 | [+1] | |
Jun 10, 2024 | China | Series B | 2800 | [+3] |
Unicorns in Everest Ventures Group's Portfolio
Everest Ventures Group has 4 unicorns in its portfolio - The Sandbox, Immutable, Animoca Brands and others. The most recent unicorn in their portfolio is The Sandbox. It became a unicorn in 2024, 2 years before Everest Ventures Group first invested in it.Here is a list of unicorns in Everest Ventures Group's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences | 2018 | Hong Kong | Series B | fdvenpx | ||
72 | Blockchain-based infrastructure for NFT games and applications | 2018 | Sydney | Series C | yntdpzo | ||
77 | Digital assets and Web3 company that builds, invests in, and accelerates technologies and ecosystems for gaming | 2006 | Hong Kong | Series C | awicjjo | ||
82 | Provider of a multi-asset trading platform | 2011 | Cheyenne | Series D | bkidqgx |
IPOs and Publicly Listed companies in Everest Ventures Group's Portfolio
1 of Everest Ventures Group's portfolio company became public - Asian Development Bank. It got listed on the Australian Securities Exchange (ASX), in Jul 2001.Here are Everest Ventures Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 13, 2001 | - | - | 9014 |
Acquired companies in Everest Ventures Group's Portfolio
1 company from Everest Ventures Group's portfolio has been acquired. The most recent acquisition was Gamee in Mar 2026 for $*****.Here are Everest Ventures Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 19, 2026 | - | - | 6498 |
Team profile of Everest Ventures Group
Everest Ventures Group has a team of 11 members including 5 Partners and 5 Principals located in China. Everest Ventures Group's team does not sit on the board of any company as of now.Here is a list of top team members in Everest Ventures Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hong Kong | - | ||
Partner | Kowloon | - | ||
Partner | Hong Kong | - | - | |
Partner | Hong Kong | - | - | |
Partner | Hong Kong | - | ||
Principal | Hong Kong | - | - | |
Principal | Hong Kong | - | - | |
Principal | - | - | - | |
Principal | Hong Kong | - | - | |
Principal | - | - |
Co-investors of Everest Ventures Group
Over the past 7 years, 378 investors have co-invested in Everest Ventures Group's portfolio companies. This includes funds and angels.
- Invested before Everest Ventures Group: Zhuoyuan Capital, 10T and 88 others have invested in rounds before Everest Ventures Group. There are 2 companies where Zhuoyuan Capital has invested before Everest Ventures Group and 1 company where 10T has invested before Everest Ventures Group.
- Top Co-investors of Everest Ventures Group: 235 investors entered a company along with Everest Ventures Group. These include investors like Tess Ventures (5 companies).
- Invested after Everest Ventures Group: A total of 53 investors have invested in Everest Ventures Group's portfolio after their investments. Top Investors include W3GG (2 companies) and ZNL Growth Fund (1 company).
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