About D1 Ventures
D1 Ventures is a venture capital firm founded in 2019. It is primarily based out of Beijing, China. As of Oct 2024, D1 Ventures has invested in 87 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 $***** Seed round of Arena Overall, D1 Ventures portfolio has seen 2 unicorns and 3 acquisitions including key companies like Scopely, Sigma and Boba. A lot of funds co-invest with D1 Ventures, with names like SevenX Ventures sharing a substantial percentage of its portfolio. D1 Ventures has team of 5 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Soonicorns
D1 Ventures' List of Top Investments
D1 Ventures has a portfolio of 87 companies, including 2 unicorns. Their most notable investments are in Polywrap and DeversiFi.Their portfolio spans across United States, Singapore, China and 22 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 10 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by D1 Ventures:1. Scopely
Developer of interactive entertainment and video games across multiple platforms. The company creates, publishes, and operates immersive games. It utilizes a technology platform to support a diversified portfolio in the games industry. The company focuses on building long-lasting game experiences.
Key facts about Scopely
- Founded Year: 2011
- Location: Culver City (United States)
- Annual Revenue: £3.31M as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.02B
- Employee Count: 3,783 as on Mar 31, 2026
- Investors: Cross Creek, InvestX and 70 Others
- Latest Funding Round: Series E, Oct 28, 2020, $*****
- Highlight: Acquired
2. NEAR
Public blockchain network platform. The solution is a scalable smart contract platform that supports decentralized applications of any kind and enables the developers to build, test, and deploy applications that permissionless handle a wide range of digital assets.
Key facts about NEAR
- Founded Year: 2017
- Location: Zug (Switzerland)
- Stage: Series D
- Total Funding till date: $542M
- Employee Count: 156 as on Mar 31, 2026
- Investors: Tiger Global Management, Blockchain Coinvestors and 88 Others
- Latest Funding Round: Series D, May 10, 2022, $*****
- Highlight: Editors' Pick
3. The Graph
Network of tools for indexing and querying blockchain data efficiently. It enables developers to index data from smart contracts and uncovers new data sources to power dApps. Offers data regarding blockchains
Key facts about The Graph
- Founded Year: 2004
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $60M
- Employee Count: 47 as on Jul 01, 2024
- Investors: Tiger Global Management, FinTech Collective and 48 Others
- Latest Funding Round: Series B, Jan 21, 2022, $*****
- Highlight: Editors' Pick
4. Sigma
Provider of a platform for building AI applications and analytics. The platform offers tools for data modeling, reporting, dashboards, and embedded analytics. It allows users to explore data, build applications, and automate tasks. The platform supports integration with various data sources and offers features such as write-back and self-service capabilities.
Key facts about Sigma
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $662M
- Employee Count: 1,435 as on Mar 31, 2026
- Investors: Altimeter Capital, NewView Capital and 11 Others
- Latest Funding Round: Series D, Apr 05, 2024, $*****
- Highlight: Editors' Pick
5. Connext
Connext is a P2P micro-payment infrastructure based on Ethereum blockchain. Users have to load up their payment channel with the Connext Hub by depositing money onchain. For making payments, users can open a temporary connection to the merchant's channel, called a thread. Thread payments are offchain and after payment completion, the user or merchant can close the thread to update their channel balance. After closing the threads, the merchant can withdraw their earned money from the channel back into their wallet.
Key facts about Connext
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $23.2M
- Employee Count: 28 as on Mar 31, 2026
- Investors: Polychain, Magnolia Ventures and 29 Others
- Latest Funding Round: Series A, Jun 14, 2023, $*****
- Highlight: Editors' Pick
D1 Ventures' Year-on-Year Investment Trends
D1 Ventures has invested in 87 companies over the last 6 years, with an average of 8 new investments annually in the last 5 years. Its most recent first time investment was in Arena and most recent follow-on round was in Zeitgeist.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 0 | 3 |
2023 | 2 | 0 | 2 |
2022 | 18 | 0 | 18 |
2021 | 19 | 1 | 20 |
2020 | 6 | 0 | 6 |
D1 Ventures' Investments by Stage
D1 Ventures has made 32 investments in Seed stage with an average round size of $3.78M, 13 investments in Series A stage with an average round size of $7.27M, 1 investment in Angel stage with an average round size of $4M, 1 investment in Series D stage with an average round size of $264M and 1 investment in Series E stage with an average round size of $340M.Stage of entry | No. of Investments |
|---|---|
Seed | 32 |
Series A | 13 |
Angel | 1 |
Series D | 1 |
Series E | 1 |
Note: We have considered here, only first round of investments
D1 Ventures' Investments by Sector
D1 Ventures has a diverse portfolio, with companies operating in the Blockchain Technology, High Tech, Blockchain - Industry Applications, FinTech and Enterprise Applications. Notably, it has invested in 81 Tech companies, 75 Blockchain companies, 48 Consumer (B2C) companies and at least 48 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 41 |
High Tech | 30 |
Blockchain - Industry Applications | 27 |
FinTech | 26 |
Enterprise Applications | 15 |
Others | 19 |
Note: We have considered here, only first round of investments
D1 Ventures' Investments by Geography
D1 Ventures has made most investments in United States (14), followed by Singapore where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 14 |
Singapore | 5 |
United Kingdom | 4 |
China | 3 |
Germany | 3 |
Others | 17 |
Note: We have considered here, only first round of investments
D1 Ventures' recent investments
D1 Ventures has not made any investment in 2026 so far.Here are the most recent investments by D1 Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 16, 2024 | - | Seed | 8564 | [+4] | |
Aug 15, 2024 | United States | Series A | 9513 | [+36] | |
Apr 05, 2024 | United States | Series D | 5911 | [+6] | |
May 23, 2023 | United Kingdom | Seed | 7875 | [+5] | |
May 23, 2023 | Andorra | Seed | 7791 | [+5] |
Unicorns in D1 Ventures' Portfolio
D1 Ventures has 2 unicorns in its portfolio - Sigma and Boba. The most recent unicorn in their portfolio is Sigma. It became a unicorn in 2024.Here is a list of unicorns in D1 Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of a platform for building AI applications and analytics | 2014 | San Francisco | Series D | {kvnp{t | ||
48 | Decentralized network platform for Ethereum | 2021 | Palo Alto | Series A | pkwjhco |
Acquired companies in D1 Ventures' Portfolio
3 companies from D1 Ventures' portfolio have been acquired. The most recent acquisition was SolanaFM in Sep 2024 by Jupiter for $*****.Here are D1 Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 20, 2024 | Aug 26, 2022 | Seed | 9020 | |
Apr 05, 2023 | Oct 28, 2020 | Series E | 7191 | |
Jun 22, 2022 | Dec 17, 2021 | Seed | 4175 |
Team profile of D1 Ventures
D1 Ventures has a team of 5 members including 2 Partners located in China and United States. D1 Ventures' team does not sit on the board of any company as of now.Co-investors of D1 Ventures
Over the past 6 years, 518 investors have co-invested in D1 Ventures's portfolio companies. This includes funds and angels.
- Invested before D1 Ventures: Binance Labs, MetaWeb Ventures and 64 others have invested in rounds before D1 Ventures. There are 2 companies where Binance Labs has invested before D1 Ventures and 2 companies where MetaWeb Ventures has invested before D1 Ventures.
- Top Co-investors of D1 Ventures: 350 investors entered a company along with D1 Ventures. These include investors like SevenX Ventures (10 companies).
- Invested after D1 Ventures: A total of 102 investors have invested in D1 Ventures's portfolio after their investments. Top Investors include OKX (3 companies), Digital Currency Group (2 companies) and Animoca Brands (2 companies).
Recent News related to D1 Ventures
•
Social protocol The Arena completes $2 million Pre-Seed round of financingCoinTime•Oct 16, 2024•Avalanche, Blizzard, AVA, Abstract Ventures and 3 others
•
Rivalz Network Secures $9 Million to Advance AI Intel InfrastructureBenzinga•Aug 15, 2024•Rivalz, Delphi Ventures, D1 Ventures, Gate.io and 33 others
•
Liquid Restaking Platform Kelp DAO Secures $9M Funding at Valuation of $90MYahoo•May 23, 2024•Kelp DAO, Bankless Ventures, Hypersphere Ventures, Draper Dragon and 21 others
•
Sigma Raises $200M in Series D Funding to Propel Cloud Analytics InnovationSilicon Valley Journals•May 16, 2024•Sigma, Spark Capital, Avenir Growth Capital, NewView Capital and 9 others
•
Crypto wallet firm scoops up $4.5m funding from Pantera, Crypto.com, othersTech in Asia•Sep 12, 2022•Pantera Capital, Sender, CRYPTO, Jump Capital and 14 others
•
Magpie Protocol Acquires $3M via Seed Round to Enable Seamless Cross-chain SwapsCrowdfund Insider•Sep 08, 2022•Magpie Protocol, Jump Crypto, GSR, ParaFi and 8 others
•
SG crypto firm banks $4.5m in seed funding from SBI Group, othersTech in Asia•Aug 26, 2022•SolanaFM, SBI Digital Asset Holdings, Zee Prime Capital, Spartan Group and 14 others
•
DAM Finance Raises $1.8 Million Pre-Seed for “Portfolio Backed Stablecoin”Crowdfund Insider•Aug 22, 2022•DAM Finance, DFG, Arrington Capital, LedgerPrime and 5 others
•
Bain Capital Leads $12M Round for Scalable Blockchain Developer RISC ZeroCoinDesk•Aug 09, 2022•RISC Zero, Bain Capital Crypto, D1 Ventures, Cota Capital and 2 others
•
