About DWF Labs
DWF Labs is a venture capital firm founded in 2018. It is primarily based out of Singapore, Singapore. As of Jan 2026, DWF Labs is an active investor, having invested in 70 companies, with 3 new investments in the last 12 months. 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 Zen Chain Overall, DWF Labs portfolio has seen 3 acquisitions, namely Frase, ARPA and Headquarters. A lot of funds co-invest with DWF Labs, with names like Animoca Brands sharing a substantial percentage of its portfolio. DWF Labs has team of 40 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
DWF Labs' List of Top Investments
DWF Labs has a portfolio of 70 companies. Their most notable investments are in Alchemy Pay and Crust.Their portfolio spans across United States, Singapore, United Kingdom 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 DWF Labs:1. Fetch.ai
Blockchain-based network for application and AI infrastructure. It provides open access, tokenized, decentralized machine learning network to deliver a self-organizing framework for transactions and the system consists of autonomous economic agents that are digital entities that can transact independently of human intervention and can represent people, machines, or themselves.
Key facts about Fetch.ai
- Founded Year: 2017
- Location: Cambridge (United Kingdom)
- Stage: Series C
- Total Funding till date: $61.9M
- Employee Count: 86 as on Jun 30, 2026
- Investors: Alpha Sigma Capital, Outlier Ventures and 14 Others
- Latest Funding Round: Series C, Dec 05, 2024, $*****
- Highlight: Editors' Pick
2. Theta Token
Decentralized video delivery platform. It offers decentralized peer to peer video delivery platform. Users earn Theta tokens as a reward for sharing bandwidth and resources. Video streaming platforms and content providers can build customized Dapps via the platform.
Key facts about Theta Token
- Founded Year: 2016
- Location: Cupertino (United States)
- Stage: Series A
- Total Funding till date: $9.26M
- Employee Count: 38 as on Mar 31, 2026
- Investors: DHVC, IOVC and 36 Others
- Latest Funding Round: Series A, Dec 06, 2023, $*****
- Highlight: Editors' Pick
3. 0G Labs
AI-based programmable layer for dApps development. It offers a platform that enables developers to build on-chain data-powered dApps, manage interoperability between chains, and more on different blockchain networks like Polygon, Astar, and more.
Key facts about 0G Labs
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $75M
- Employee Count: 91 as on Jun 30, 2026
- Investors: Animoca Brands, Abstract Ventures and 24 Others
- Latest Funding Round: Seed, Nov 13, 2024, $*****
- Highlight: Editors' Pick
4. Synthetix
Operator of a platform for perpetual futures trading on Ethereum. It provides onchain custody and offchain performance for trading perpetual futures. The platform offers multicollateral margin trading with various assets. It allows users to deposit sUSD into SLP to earn market-making returns.
Key facts about Synthetix
- Founded Year: 2017
- Location: Sydney (Australia)
- Stage: Series C
- Total Funding till date: $240M
- Investors: 2020 Ventures, Salesforce Ventures and 21 Others
- Latest Funding Round: Series C, Apr 30, 2026, $*****
- Highlight: Editors' Pick
5. TON
Foundation supporting community initiatives for decentralized digital identity and asset ownership. It empowers projects through coordination, support, and grants, focusing on initiatives valued by the wider community. The foundation comprises community contributors with diverse expertise, shaping platform development and driving growth. It operates with an open-source codebase, encouraging contributions from anyone.
Key facts about TON
- Location: Zug (Switzerland)
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 171 as on Jun 30, 2026
- Investors: Animoca Brands, Double Peak and 7 Others
- Latest Funding Round: Grant (prize money), Dec 01, 2023, $*****
- Highlight: Editors' Pick
DWF Labs' Year-on-Year Investment Trends
DWF Labs has invested in 71 companies over the last 4 years, with an average of 13 new investments annually in the last 3 years. In 2025, it made 6 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Zen Chain and most recent follow-on round was in Obscuro.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 6 | 0 | 6 |
2024 | 28 | 2 | 30 |
2023 | 25 | 2 | 27 |
2022 | 9 | 0 | 9 |
DWF Labs' Investments by Stage
DWF Labs has made 37 investments in Seed stage with an average round size of $15.5M, 23 investments in Series A stage with an average round size of $7.93M, 6 investments in Series B stage with an average round size of $17.6M, 2 investments in ICO stage with an average round size of $9M and 1 investment in Series C stage with an average round size of $40M.Stage of entry | No. of Investments |
|---|---|
Seed | 37 |
Series A | 23 |
Series B | 6 |
ICO | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
DWF Labs' Investments by Sector
DWF Labs has a diverse portfolio, with companies operating in the Blockchain Technology, High Tech, FinTech, Blockchain - Industry Applications and Enterprise Applications. Notably, it has invested in 64 Tech companies, 54 Blockchain companies, 43 Consumer (B2C) companies and at least 40 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 58 |
High Tech | 53 |
FinTech | 35 |
Blockchain - Industry Applications | 32 |
Enterprise Applications | 16 |
Others | 43 |
Note: We have considered here, only first round of investments
DWF Labs' Investments by Geography
DWF Labs has made most investments in United States (13), followed by Singapore where it has made 12 investments.Country | No. of Investments |
|---|---|
United States | 13 |
Singapore | 12 |
United Kingdom | 6 |
China | 5 |
Switzerland | 3 |
Others | 28 |
Note: We have considered here, only first round of investments
DWF Labs' recent investments
DWF Labs has made 1 investments in 2026 so far - Zen Chain.Here are the most recent investments by DWF Labs:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 08, 2026 | Switzerland | Seed | 6367 | ||
Oct 09, 2025 | United States | Series B | 2052 | [+3] | |
Sep 29, 2025 | United States | Seed | 9390 | [+15] | |
Jul 07, 2025 | China | Seed | 5915 | [+2] | |
Jul 04, 2025 | Singapore | Series A | 3962 | [+6] |
Acquired companies in DWF Labs' Portfolio
3 companies from DWF Labs' portfolio have been acquired. The most recent acquisition was Headquarters in May 2025 by Gnosis for $*****.Here are DWF Labs' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 15, 2025 | Sep 20, 2022 | Seed | 6091 | |
Feb 20, 2024 | Apr 25, 2023 | Seed | 1023 | |
Oct 07, 2022 | Apr 10, 2023 | Series A | 9937 |
Team profile of DWF Labs
DWF Labs has a team of 40 members including 5 Partners and 16 Principals located in China, Singapore and 7 more locations. DWF Labs' team does not sit on the board of any company as of now.Here is a list of top team members in DWF Labs:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Switzerland | - | ||
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | China | - | ||
Partner | China | - | - | |
Principal | Dubai | - | ||
Principal | United Arab Emirates | - | ||
Principal | Hong Kong | - | - | |
Principal | Austria | - | - | |
Principal | Singapore | - | - |
Co-investors of DWF Labs
Over the past 4 years, 443 investors have co-invested in DWF Labs's portfolio companies. This includes funds and angels.
- Invested before DWF Labs: IOSG Ventures, Coinbase and 125 others have invested in rounds before DWF Labs. There are 3 companies where IOSG Ventures has invested before DWF Labs and 3 companies where Coinbase has invested before DWF Labs.
- Top Co-investors of DWF Labs: 292 investors entered a company along with DWF Labs. These include investors like Animoca Brands (5 companies).
- Invested after DWF Labs: A total of 24 investors have invested in DWF Labs's portfolio after their investments. Top Investors include Daim (1 company), Delphi Ventures (1 company) and Samsung NEXT (1 company).
Recent News related to DWF Labs
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Gold Rush or Landmine? DWF Labs Exposes Risks in Tokenized Pre-IPO MarketThe Crypto Times•May 15, 2026•DWF Labs
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Zug-based ZenChain secures $8.5 million financingStartupticker•Jan 08, 2026•DWF Labs, Genesis Capital, Zen Chain, Watermelon
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Block Street scores $11.5M to launch Monad-first infrastructure for tokenised equitiesTech Funding News•Oct 09, 2025•Generative Ventures, DWF Labs, Hack VC, Point72 and 9 others
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AlphaTON Capital Closes $71M Financing and Completes TON Token AcquisitionBenzinga•Sep 26, 2025•DWF Labs, Kraken, Portage Biotech, SkyBridge and 2 others
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DWF Ventures Analyzes Stablecoin Growth as Market Cap Nears $300BThe Daily Hodl•Sep 19, 2025•DWF Labs
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Sonic Secures Funding, Introduces ACM Protocol for Attention LiquidityTechStartups.com•Sep 16, 2025•Sonic, Awaken Finance, DWF Labs
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Coincall Enhances Market Liquidity via Strategic Partnerships and Integration with Leading Liquidity ProvidersGlobeNewswire•Sep 05, 2025•Coincall, Kronos Research, DWF Labs, FalconX and 1 other
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DWF Ventures Appraises World Liberty’s $WLFI Following Its Hyped Token Generation EventBusiness Insider•Sep 01, 2025•DWF Labs, World Liberty Financial
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Pioneering Crypto-Backed Mortgage: DWF Labs Unlocks New Era in UAE Real EstateCryptonews•Aug 15, 2025•DWF Labs
