About Firstblocks
Firstblocks is a venture capital firm founded in 2017. It is primarily based out of Richmond, Canada. It primarily invests in Canada based startups. Its investments are spread across a wide range of sectors from High Tech to Blockchain Technology and FinTech. Overall, Firstblocks portfolio has seen 1 unicorn and 2 IPOs, namely Bitcoin, tZERO and Hut 8 Mining.Key Metrics
Portfolio Sectors
Portfolio Locations
Portfolio IPOs
Portfolio Unicorns
Firstblocks' List of Top Investments
Firstblocks has a portfolio of 7 companies, one of which is a Unicorn. Their most notable investments include Bitcoin and tZERO.Their portfolio spans across Canada, United States and Switzerland. They have invested in High Tech, Blockchain Technology, FinTech and 3 other sectors. Here is the list of top investments by Firstblocks:1. Bitcoin
Decentralized P2P cryptocurrency for payments. It is based on the Bitcoin Blockchain. It enables users to send, receive, and make payments using digital currencies. It allows transfers through wallets, exchanges, events, and more.
Key facts about Bitcoin
- Founded Year: 2009
- Location: Las Vegas (United States)
- Stage: Public
- Total Funding till date: $100M
- Employee Count: 2 as on Jan 31, 2026
- Investors: 2020 Ventures, World Capital Holdings Group and 78 Others
- Latest Funding Round: Post IPO, Oct 21, 2021, $*****
- Highlight: Public
2. tZERO
Online platform providing investment and trading solutions for private securities and digital securities. It provides capital-raising solutions, tokenization of assets, liquidity solutions, and more. It offers private market liquidity and secondary trading solutions through the tZERO ATS, customized trading modules, and tailored white-label solutions with a range of investment opportunities, including private securities, public securities, NFTs, and more.
Key facts about tZERO
- Founded Year: 2014
- Location: Salt Lake City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $275M
- Employee Count: 64 as on Mar 31, 2026
- Investors: Team In Residence, Seven Hound Ventures and 19 Others
- Latest Funding Round: Series B, Aug 28, 2022, $*****
- Highlight: Editors' Pick
3. Polymath
The Polymath network provides a platform that lets users issue tokens on blockchain that have properties similar to financial securities. The platform aims to assist in creating of tokens, fundraising for projects, secondary market trading of the tokens, and more while complying with regulations.
Key facts about Polymath
- Founded Year: 2017
- Location: Toronto (Canada)
- Stage: Funding Raised
- Employee Count: 47 as on Mar 31, 2026
- Investors: Bauhaus Group, Yasar Corporation and 8 Others
- Latest Funding Round: Grant (prize money), Sep 01, 2021, $*****
- Highlight: Editors' Pick
4. Hut 8 Mining
Digital asset mining and performance computing solutions for individuals. It enables users to access a proprietary mix of hardware, software, and operational expertise to construct, optimize and manage data centers in jurisdictions. It offers white-label high-performance compute hosting, as well as yield & income programs for users.
Key facts about Hut 8 Mining
- Founded Year: 2011
- Location: Toronto (Canada)
- Stage: Public
- Employee Count: 48 as on Jul 01, 2024
- Investors: Fidelity Investments, Firstblocks and 7 Others
- Latest Funding Round: Post IPO, Jan 02, 2022, $*****
- Highlight: Public
5. RightMesh
RightMesh is developing a crypto supported, P2P mesh network, that brings connectivity to the unconnected. The distributed network incentivizes individuals to share excess internet capacity and resources to those who lack access, thereby increasing global connectivity and facilitating international communication and commerce. The company claims that the network leverages everyday devices such as Android, iOS, and IoT as its infrastructure and is self-forming, self-monitoring and self-healing without user intervention. It utilizes RightMesh utility token (RMESH) for facilitating the transactions and incentivizing usage.
Key facts about RightMesh
- Founded Year: 2014
- Location: Maple Ridge (Canada)
- Stage: Seed
- Total Funding till date: $2.13M
- Employee Count: 2 as on Dec 31, 2024
- Investors: Firstblocks, AlphaCoin Fund and 4 Others
- Latest Funding Round: Seed, Nov 02, 2018, $*****
- Highlight: Editors' Pick
Unicorns in Firstblocks' Portfolio
Firstblocks has 1 unicorn in its portfolio - tZERO. The most recent unicorn in their portfolio is tZERO which became a unicorn in 2018, 7 years before Firstblocks first invested in it.Here is a list of unicorns in Firstblocks' portfolio:
Filter this listTracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Online platform providing investment and trading solutions for private securities and digital securities | 2014 | Salt Lake City | Series B | jjtobyc |
IPOs and Publicly Listed companies in Firstblocks' Portfolio
2 of Firstblocks' portfolio companies have become public. Bitcoin got listed on the Toronto Stock Exchange (TSX), in Feb 2021 and Hut 8 Mining got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V) at marketcap of $1.32M.Here are Firstblocks' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 18, 2021 | - | - | 7823 | |
Oct 20, 2016 | - | - | 7889 |
