About Hex Capital
Hex Capital is a venture capital firm founded in 2017. It is primarily based out of Vancouver, Canada. As of Nov 2021, Hex Capital has invested in 10 companies. It primarily invests in Series A round in Canada based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to FinTech and High Tech. Most recently it participated in the $***** Seed round of Afterparty Overall, Hex Capital portfolio has seen 2 unicorns, namely Kraken and Dapper Labs. A lot of funds co-invest with Hex Capital, with names like Venrock sharing a substantial percentage of its portfolio. Hex Capital has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Hex Capital's List of Top Investments
Hex Capital has a portfolio of 10 companies, including 2 unicorns. Their most notable investments include Kraken and Dapper Labs.Their portfolio spans across United States, Canada and France. They have invested in Blockchain Technology, FinTech, High Tech and 5 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Hex Capital:1. Kraken
Provider of an app-based trading and exchange platform for cryptocurrency. It provides users with a platform that allows users to buy, sell, and trade multiple digital currencies such as bitcoin, litecoin, ripple, ven, and more. It supports margin trading, advanced ordering, fast deposits and withdrawals, accounts management, staking, and more.
Key facts about Kraken
- Founded Year: 2011
- Location: Cheyenne (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $867M
- Employee Count: 1,075 as on Mar 31, 2026
- Investors: ADS Ventures, InvestX and 119 Others
- Latest Funding Round: Series D, Feb 2026, $*****
- Highlight: Editors' Pick
2. Dapper Labs
Blockchain-based games developer for PC and console. It has built Cryptokitties, a blockchain-based game that allows users to collect and breed digital cats. It has also developed KittyVerse, which allows users to build and play third-party games.
Key facts about Dapper Labs
- Founded Year: 2018
- Location: Vancouver (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $666M
- Employee Count: 166 as on Mar 31, 2026
- Investors: Rising Tide Fund, Blisce and 126 Others
- Latest Funding Round: Series D, May 23, 2022, $*****
- Highlight: Editors' Pick
3. 0x
Open protocol for decentralized P2P exchange of assets. Provides 0x Instant which is a platform for buying crypto assets. Integrates token purchasing into products by offering digital assets ranging from in-game items to stable coins. Offers 0x Launch Kit for developers to launch a market for their project token. Users can create an in-game marketplace for digital items and collectables.
Key facts about 0x
- Founded Year: 2016
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $86.9M
- Employee Count: 349 as on Mar 31, 2026
- Investors: Tian Tian Ventures, Amino Capital and 42 Others
- Latest Funding Round: Series B, Apr 26, 2022, $*****
- Highlight: Editors' Pick
4. MakerDAO
Stable coin based on Ethereum blockchain. Offers a collateral-backed stable coin named Dai and a governance token named MKR. MKR is used by stakeholders to maintain the system and manage Dai. The company offers Oasis which is a platform to trade & borrow Dai and earn savings on Dai by locking it into Oasis Save. Also provides a decentralized community of MKR token holders that govern the Maker Protocol & the smart contracts that power Dai.
Key facts about MakerDAO
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $63M
- Employee Count: 41 as on Mar 31, 2026
- Investors: 2020 Ventures, Blockchain Coinvestors and 25 Others
- Latest Funding Round: Series A, Sep 25, 2018, $*****
- Highlight: Editors' Pick
5. Vault12
Crypto inheritance and backup solutions for securing digital assets. It pioneers crypto inheritance management, offering a secure way to pass on crypto assets to future generations. Their flagship app ensures wallet seed phrases and private keys are preserved in a self-sovereign manner across all Blockchains. They leverage quantum-resistant cryptography and a peer-to-peer network of trusted Guardians, avoiding single points of failure by never storing data in the cloud or on servers. The company focuses on decentralized self-custody for secure backup and inheritance, providing a user-friendly experience with robust security. They offer software solutions for crypto inheritance, backup, and digital asset management, catering to both everyday users and seasoned crypto enthusiasts. Their services include digital vault, social recovery, and inheritance planning for Bitcoin, Ethereum, and other cryptocurrencies.
Key facts about Vault12
- Founded Year: 2014
- Location: Mountain View (United States)
- Stage: Series A
- Total Funding till date: $17.5M
- Employee Count: 12 as on Dec 23, 2025
- Investors: Oyster Ventures, Global Blockchain Innovative Capital and 7 Others
- Latest Funding Round: Series A, Oct 04, 2018, $*****
- Highlight: Editors' Pick
Hex Capital's Year-on-Year Investment Trends
Hex Capital has invested in 10 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Afterparty.Hex Capital's Investments by Stage
Hex Capital has made 2 investments in Seed stage with an average round size of $4M, 1 investment in Series A stage with an average round size of $15M and 1 investment in Series B stage with an average round size of $15M.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Hex Capital's Investments by Sector
Hex Capital has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, Blockchain Technology, FinTech, High Tech and Gaming. Notably, it has invested in 10 Blockchain companies, 10 Tech companies, 9 Consumer (B2C) companies and at least 7 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 4 |
Blockchain Technology | 4 |
FinTech | 4 |
High Tech | 3 |
Gaming | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Hex Capital's Investments by Geography
Hex Capital has made most investments in Canada (2), followed by France where it has made 1 investment.Country | No. of Investments |
|---|---|
Canada | 2 |
France | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Hex Capital's recent investments
Hex Capital has not made any investment in 2026 so far.Here are the most recent investments by Hex Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 03, 2021 | United States | Seed | 4829 | [+11] | |
Feb 23, 2021 | France | Seed | 3832 | [+9] | |
Nov 01, 2018 | Canada | Series A | 6443 | [+15] | |
Oct 19, 2018 | Canada | Series B | 4941 | [+17] |
Unicorns in Hex Capital's Portfolio
Hex Capital has 2 unicorns in its portfolio - Kraken and Dapper Labs. The most recent unicorn in their portfolio is Kraken. It became a unicorn in 2021, 5 years before Hex Capital first invested in it.Here is a list of unicorns in Hex Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
86 | Provider of an app-based trading and exchange platform for cryptocurrency | 2011 | Cheyenne | Series D | qdhbrjb | ||
74 | Blockchain-based games developer for PC and console | 2018 | Vancouver | Series D | zbq{gzy |
Team profile of Hex Capital
Hex Capital has a team of 2 members located in Canada. Hex Capital's team does not sit on the board of any company as of now.Co-investors of Hex Capital
Over the past 8 years, 126 investors have co-invested in Hex Capital's portfolio companies. This includes funds and angels.
- Invested before Hex Capital: Union Square Ventures, Andreessen Horowitz and 16 others have invested in rounds before Hex Capital. There are 2 companies where Union Square Ventures has invested before Hex Capital and 2 companies where Andreessen Horowitz has invested before Hex Capital.
- Top Co-investors of Hex Capital: 38 investors entered a company along with Hex Capital. These include investors like Venrock (2 companies).
- Invested after Hex Capital: A total of 70 investors have invested in Hex Capital's portfolio after their investments. Top Investors include Blockchange (2 companies), TCG Ventures (1 company) and Michael Jordan (1 company).
Recent News related to Hex Capital
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Afterparty Raises $3M in Seed FundingFinSMEs•Nov 03, 2021•Afterparty, Acrew Capital, TenOneTen, Palm Tree Crew and 6 others
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