About AC Capital
AC Capital is a venture capital firm founded in 2020. It is primarily based out of Cayman Islands. As of Oct 2024, AC Capital has invested in 57 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Series A round of Infinitar A lot of funds co-invest with AC Capital, with names like LD Capital sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
AC Capital's List of Top Investments
AC Capital has a portfolio of 57 companies. Their most notable investments are in StarSharks and Vee.Finance.Their portfolio spans across United States, China, Singapore and 18 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 10 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by AC Capital:
1. Metis
Provider of layer two scaling infrastructure for decentralized blockchain networks. This protocol facilitates decentralized autonomous company management through integrated tools for voting, governance, payroll, and operations. The system utilizes sequencer technology and virtual machines to process transactions on distributed peer nodes. Users access decentralized financial applications and developer tools within an environment designed to support application deployment. Infrastructure features include data storage solutions and cross-chain bridging mechanisms. The architecture maintains network uptime and transaction processing through consensus mechanisms.
Key facts about Metis
- Founded Year: 2018
- Location: Singapore (Singapore)
- Stage: Seed
- Total Funding till date: $4M
- Employee Count: 51 as on Jul 31, 2026
- Investors: MV Global, Positive Venture DAO and 34 Others
- Latest Funding Round: ICO, May 13, 2021, $*****
- Highlight: Editors' Pick
2. Scallop
Next-generation decentralized money market and lending protocol built on the Sui blockchain. It offers lending, borrowing, AMM, asset management, and developer tools such as SDKs. It supports multi-currency views and aims to provide a comprehensive DeFi money market for the Sui ecosystem.
Key facts about Scallop
- Founded Year: 2021
- Location: Tortola (United Kingdom)
- Stage: Seed
- Total Funding till date: $3M
- Employee Count: 23 as on Jul 31, 2026
- Investors: Spark Capital, UOB and 10 Others
- Latest Funding Round: ICO, Mar 08, 2024, $*****
3. Reef
Provider of a blockchain network for DeFi. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls, smart contract in-place code upgrades, and more. It also allows users to earn rewards for participating in Reef governance.
Key facts about Reef
- Founded Year: 2020
- Location: Dubai (United Arab Emirates)
- Stage: Series A
- Total Funding till date: $23.9M
- Employee Count: 18 as on Jul 31, 2026
- Investors: Alameda Research, NGC Ventures and 17 Others
- Latest Funding Round: Series A, Mar 12, 2021, $*****
- Highlight: Editors' Pick
4. Nabox
Decentralized exchange platform for cryptocurrency. It offers a browser-based wallet for cross-chain swapping. It supports digital asset management across Ethereum, Heco, Polygon, Harmony, Nerve, and more.
Key facts about Nabox
- Founded Year: 2021
- Location: Chongqing (China)
- Stage: Seed
- Investors: OKX, LD Capital and 10 Others
- Latest Funding Round: Seed, Sep 16, 2021, $*****
5. portto
Mobile-based hot wallet for NFTs and cryptocurrency. It enables users to store and manage crypto, dApps, NFT, and more. It provides custodial and non-custodial mode supported solutions. The app is available for iOS and Android platforms.
Key facts about portto
- Founded Year: 2019
- Location: Taipei (Taiwan)
- Stage: Funding Raised
- Employee Count: 13 as on May 31, 2026
- Investors: AppWorks, Everest Ventures Group and 8 Others
AC Capital's Year-on-Year Investment Trends
AC Capital has invested in 57 companies over the last 8 years, with an average of 3 new investments annually in the last 5 years. Its most recent first time investment was in Infinitar.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 7 | 0 | 7 |
2021 | 8 | 0 | 8 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
AC Capital's Investments by Stage
AC Capital has made 17 investments in Seed stage with an average round size of $1.84M and 3 investments in Series A stage with an average round size of $5.77M.Stage of entry | No. of Investments |
|---|---|
Seed | 17 |
Series A | 3 |
Note: We have considered here, only first round of investments
AC Capital's Investments by Sector
AC Capital has a diverse portfolio, with companies operating in the Blockchain Technology, Blockchain - Industry Applications, FinTech, High Tech and Gaming. Notably, it has invested in 55 Tech companies, 52 Blockchain companies, 47 Consumer (B2C) companies and at least 20 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 17 |
Blockchain - Industry Applications | 16 |
FinTech | 15 |
High Tech | 15 |
Gaming | 7 |
Others | 10 |
Note: We have considered here, only first round of investments
AC Capital's Investments by Geography
AC Capital has made most investments in United States (6), followed by Singapore where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 6 |
Singapore | 4 |
China | 2 |
Canada | 1 |
India | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
AC Capital's recent investments
AC Capital has not made any investment in 2026 so far.Here are the most recent investments by AC Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 07, 2024 | United Kingdom | Series A | 3776 | [+4] | |
Feb 22, 2024 | Canada | Seed | 6473 | ||
Aug 31, 2023 | Singapore | Seed | 5108 | [+6] | |
May 02, 2023 | - | Seed | 6663 | [+8] | |
Aug 16, 2022 | South Korea | Seed | 1294 | [+7] |
Co-investors of AC Capital
Over the past 8 years, 205 investors have co-invested in AC Capital's portfolio companies. This includes funds and angels.
- Invested before AC Capital: Binance Labs, DFG and 8 others have invested in rounds before AC Capital. There is 1 company where Binance Labs has invested before AC Capital and 1 company where DFG has invested before AC Capital.
- Top Co-investors of AC Capital: 180 investors entered a company along with AC Capital. These include investors like LD Capital (5 companies).
- Invested after AC Capital: A total of 15 investors have invested in AC Capital's portfolio after their investments. Top Investors include Autonomy Capital (1 company), Genblock Capital (1 company) and Cryptomeriacapital (1 company).
Recent News related to AC Capital
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Infinitar receives $11.9 million in strategic investmentfromgeek.com•Oct 12, 2024•Infinitar, Lam Group, AccelByte, Waterdrip Capital and 3 others
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Web3 MOBA chain game Infinitar completed US$9 million in Series A financing, led by Lam Group and othersCnyes•Oct 07, 2024•Infinitar, Lam Group, DEX, AC Capital and 7 others
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INFINITAR Raises $2.9 Million in Seed and Angel Rounds, Aims for $9 Million in Series A Funding Led by Lam GroupBitcoin Ethereum News•Oct 01, 2024•Infinitar, Lam Group, AccelByte, Waterdrip Capital and 2 others
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Scallop Protocol Secures $3 Million FundingCryptocurrency•Mar 04, 2024•Scallop, CMS Holdings, 6MV, KuCoin and 29 others
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Phoenix American partners with AC CapitalAsset Servicing Times•Jan 20, 2023•Phoenix American Financial Services, AC Capital
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Music NFT and SocialFi Platform, MetaBeat Attracts Investments From Top Global Crypto FundsBusiness Wire•Oct 11, 2022•Metabeat, NGC Ventures, KuCoin, AC Capital and 4 others
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Singapore Based Play-to-Earn Project Glory Planet Closes $1.3M Private RoundGlobeNewswire•May 18, 2022•Glory planet, AC Capital, Sharding Capital, 7 O'clock Capital and 5 others
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Blockchain Game Mecha Morphing Completes Private Round of FinancingGlobeNewswire•Mar 02, 2022•Mecha Morphing, YGGSEA, IVC Venture Capital, Shima Capital and 3 others
