About HashKey Capital
HashKey Capital is a venture capital firm founded in 2015. It is primarily based out of Singapore, Singapore. As of Jul 2026, HashKey Capital is an active investor, having invested in 174 companies, with 12 new investments in the last 12 months. It primarily invests in Series A 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 D round of Morpho Overall, HashKey Capital portfolio has seen 10 unicorns, 1 IPO and 8 acquisitions including key companies like CoinList, FalconX and Animoca Brands. A lot of funds co-invest with HashKey Capital, with names like SevenX Ventures sharing a substantial percentage of its portfolio. HashKey Capital has team of 22 people including 2 partners.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
HashKey Capital's List of Top Investments
HashKey Capital has a portfolio of 174 companies, including 10 unicorns. Their most notable investments are in SeeDAO and LightCycle.Their portfolio spans across United States, Singapore, China and 21 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 11 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by HashKey Capital:
1. CoinList
App-based trading platform for cryptocurrency. Its features include buying and selling crypto assets, depositing crypto, transferring crypto assets, and more. It also enables users to purchase crypto assets through token sales. The app is available on Android and iOS devices.
Key facts about CoinList
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $119M
- Employee Count: 73 as on Jun 30, 2026
- Investors: Rising Tide Fund, Maven Ventures and 36 Others
- Latest Funding Round: Series A, Oct 26, 2021, $*****
- Highlight: Editors' Pick

2. FalconX
Online platform offering cryptocurrency trading and investment solutions for institutions. It offers a fully comprehensive solution built specifically for institutions. It enables users to buy and sell digital assets through encrypted networks. It also provides trade execution, trading insights, market updates, crypto industry news, credit and treasury management, market making, and more.
Key facts about FalconX
- Founded Year: 2018
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $430M
- Employee Count: 630 as on Jun 30, 2026
- Investors: Adams Street Partners, Thoma Bravo and 26 Others
- Latest Funding Round: Series D, Jun 22, 2022, $*****
- 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
4. IoTeX
Developer of blockchain infrastructure for real world artificial intelligence. This technology provides decentralized identity protocols and verification layers for machines and devices. It enables the transformation of physical data into actionable intelligence for autonomous systems. The infrastructure supports secure settlement and discovery for connected hardware networks.
Key facts about IoTeX
- Founded Year: 2017
- Location: Tortola (United Kingdom)
- Stage: Series A
- Total Funding till date: $50M
- Employee Count: 53 as on Jun 30, 2026
- Investors: Animoca Brands, Draper Dragon and 37 Others
- Latest Funding Round: Series A, Aug 27, 2025, $*****
- Highlight: Editors' Pick
5. AVA
Blockchain platform for smart contracts and custom subnets. It enables businesses to build and scale high-performance, cost-effective, expertly managed custom blockchains. It provides tools for swapping, trading, bridging, and transacting. The platform also offers educational resources about blockchain and Web3.
Key facts about AVA
- Founded Year: 2018
- Location: Brooklyn (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $368M
- Employee Count: 494 as on Jun 30, 2026
- Investors: Republic Capital, BITMAIN and 22 Others
- Latest Funding Round: Series B, Apr 18, 2022, $*****
- Highlight: Editors' Pick
HashKey Capital's Year-on-Year Investment Trends
HashKey Capital has invested in 174 companies over the last 7 years, with an average of 23 new investments annually in the last 5 years. In 2025, it made 18 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in Morpho and most recent follow-on round was in HackQuest.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 16 | 2 | 18 |
2024 | 39 | 1 | 40 |
2023 | 29 | 1 | 30 |
2022 | 17 | 1 | 18 |
2021 | 19 | 3 | 22 |
2020 | 6 | 0 | 6 |
2019 | 2 | 0 | 2 |
HashKey Capital's Investments by Stage
HashKey Capital has made 68 investments in Seed stage with an average round size of $7.22M, 46 investments in Series A stage with an average round size of $14.3M and 10 investments in Series B stage with an average round size of $50.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 68 |
Series A | 46 |
Series B | 10 |
Angel | 2 |
Series C | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
HashKey Capital's Investments by Sector
HashKey Capital 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 160 Tech companies, 132 Blockchain companies, 108 Enterprise (B2B) companies and at least 81 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Blockchain Technology | 98 |
High Tech | 88 |
FinTech | 63 |
Blockchain - Industry Applications | 58 |
Enterprise Applications | 34 |
Others | 66 |
Note: We have considered here, only first round of investments
HashKey Capital's Investments by Geography
HashKey Capital has made most investments in United States (55), followed by Singapore where it has made 29 investments.Country | No. of Investments |
|---|---|
United States | 55 |
Singapore | 29 |
China | 12 |
United Kingdom | 7 |
Switzerland | 5 |
Others | 21 |
Note: We have considered here, only first round of investments
HashKey Capital's recent investments
HashKey Capital has made 3 investments in 2026 so far. Morpho and AEON are the latest among them.Here are the most recent investments by HashKey Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 29, 2026 | France | Series D | 6967 | - | |
May 18, 2026 | United States | Seed | 7460 | [+8] | |
Apr 11, 2026 | Vietnam | Seed | 8468 | ||
Dec 08, 2025 | Switzerland | Series A | 3590 | [+4] | |
Oct 31, 2025 | United States | Series A | 7872 | [+3] |
Unicorns in HashKey Capital's Portfolio
HashKey Capital has 10 unicorns in its portfolio - Berachain, Polyhedra Network, AVA and others. The most recent unicorn in their portfolio is Berachain. It became a unicorn in 2024.Here is a list of unicorns in HashKey Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Provider of EVM-compatible blockchain built on Proof-of-Liquidity consensus | 2022 | George Town | Series B | kbhwhzp | ||
48 | Provider of an online platform offering infrastructure for web3 interoperability | 2022 | Singapore | Series B | pnvdtqk | ||
75 | Blockchain platform for smart contracts and custom subnets | 2018 | Brooklyn | Series B | dbualib | ||
72 | Blockchain-based platform for optimistic rollup and executing smart contracts | 2019 | New York City | Series B | nrbgoli | ||
77 | Digital assets and Web3 company that builds, invests in, and accelerates technologies and ecosystems for gaming | 2006 | Hong Kong | Series C | {cbrpxq |
IPOs and Publicly Listed companies in HashKey Capital's Portfolio
1 of HashKey Capital's portfolio company became public - Helius Medical. It got listed on the Toronto Stock Exchange (TSX), in Jun 2014 at marketcap of $18MHere are HashKey Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 27, 2014 | Sep 15, 2025 | Post IPO | 4391 |
Acquired companies in HashKey Capital's Portfolio
8 companies from HashKey Capital's portfolio have been acquired. The most recent acquisition was Credora in Sep 2025 by RedStone for $*****.Here are HashKey Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 10, 2025 | Sep 13, 2021 | Series A | 9375 | |
Jul 16, 2025 | - | - | 5492 | |
Jan 09, 2025 | Feb 09, 2024 | Seed | 3547 | |
Nov 13, 2023 | - | - | 6581 | |
Jun 30, 2022 | Feb 13, 2020 | Series B | 9705 |
Team profile of HashKey Capital
HashKey Capital has a team of 22 members including 2 Partners, 1 Venture Partner and 6 Principals located in Singapore, United States and 1 more location. HashKey Capital's team sits on the board of 1 company.Here is a list of top team members in HashKey Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | |||
Partner | Singapore | - | - | |
Venture Partner | United States | - | - | |
Principal | United States | - | ||
Principal | China | - | - | |
Principal | Singapore | - | - | |
Principal | Singapore | - | - | |
Principal | Singapore | - | - | |
Principal | - | - | - |
Co-investors of HashKey Capital
Over the past 7 years, 1215 investors have co-invested in HashKey Capital's portfolio companies. This includes funds and angels.
- Invested before HashKey Capital: Polychain, OKX and 344 others have invested in rounds before HashKey Capital. There are 8 companies where Polychain has invested before HashKey Capital and 8 companies where OKX has invested before HashKey Capital.
- Top Co-investors of HashKey Capital: 581 investors entered a company along with HashKey Capital. These include investors like SevenX Ventures (15 companies).
- Invested after HashKey Capital: A total of 288 investors have invested in HashKey Capital's portfolio after their investments. Top Investors include Animoca Brands (12 companies), OKX (8 companies) and Amber Group (4 companies).
Recent News related to HashKey Capital
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AEON Raises $8M in Pre-Seed FundingFinSMEs•May 18, 2026•AEON, YZi Labs, Blockchain Builders Fund, Oak Grove Ventures and 8 others
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OKX and HashKey Invest in Vietnam Crypto Exchange CAEX Ahead of Licensing PushBitcoin Ethereum News•Apr 10, 2026•HashKey, OKX, HashKey Capital, CAEX
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HashKey Capital Announces Initial Closing of $250M Fund IV to Enable Blockchain AdoptionCrowdfund Insider•Jan 13, 2026•HashKey Capital
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Another startup seeking to replace SWIFT; raises $31M series A to offer blockchain remittance servicesThe Block•Dec 25, 2025•UOB, Lightnet, HashKey Capital, Signum Capital and 2 others
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HashKey Capital Announces US$250 Million Fund IV for Blockchain AdoptionThe Tribune•Dec 24, 2025•HashKey Capital
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Magma Finance Secures $6M Strategic Funding for Liquidity Engine on SuiBitcoin Ethereum News•Dec 09, 2025•SNZ, HashKey Capital, SevenX Ventures, Magma Finance and 3 others
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Pantera-backed Raiku raises $13.5m to boost Solana reliabilityTech in Asia•Sep 24, 2025•Initial Ventures, Jump Crypto, Figment Capital, HashKey Capital and 5 others