About Phoenix VC
Phoenix VC is a venture capital firm founded in 2020. It is primarily based out of Dubai, United Arab Emirates. As of Mar 2023, Phoenix VC has invested in 14 companies. It primarily invests in Seed round in India 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 $***** Series A round of Spiral Overall, Phoenix VC portfolio has seen 2 acquisitions, namely Web3Auth. A lot of funds co-invest with Phoenix VC, with names like Chronos Ventures sharing a substantial percentage of its portfolio. Phoenix VC has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Soonicorns
Phoenix VC's List of Top Investments
Phoenix VC has a portfolio of 14 companies. Their most notable investments are in Mintlayer and Vee.Finance.Their portfolio spans across India, United States, Cayman Islands and 4 more locations. They have invested in Blockchain Technology, FinTech, High Tech and 7 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Phoenix VC:
1. Charge After
Software for point of sale financing. It connects lenders with merchants and enables merchants to offer real-time financing options to the consumers. Integrating onto the check-out page, it provides personalized financing offers to the customers based on multiple quotes and allows to customize the repayment terms.
Key facts about Charge After
2. Spiral
Digital bank for individuals. Its banking services include savings accounts, NFC-enabled prepaid cards for online/offline purchases, money transfers, and more. It also provides for donations, goals-based savings, and more. The application is available on the iOS platform.
Key facts about Spiral
- Founded Year: 2017
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $42.1M
- Employee Count: 44 as on Aug 31, 2026
- Investors: Euclidean Capital, Nidoco and 7 Others
- Latest Funding Round: Series A, Feb 07, 2024, $*****
- Highlight: Editors' Pick
3. Web3Auth
Cloud-based infrastructure for decentralized applications and wallets. Offers solutions for non-custodial multi-factor authentication. It provides simple and secure access to digital assets and identity across multiple platforms and applications.
Key facts about Web3Auth
- Founded Year: 2018
- Location: Singapore (Singapore)
- Stage: Acquired
- Total Funding till date: $15M
- Employee Count: 8 as on Aug 31, 2026
- Investors: Union Square Ventures, Accomplice and 24 Others
- Latest Funding Round: Series A, Jan 12, 2022, $*****
- Highlight: Acquired
4. Joystream
Blockchain-based video streaming platform. The solutions offered by the company include Atlas which is a streaming platform where content creators can create videos, Pioneer which provides management of the platform.
Key facts about Joystream
- Founded Year: 2014
- Location: Oslo (Norway)
- Annual Revenue: $1M - $10M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $5.85M
- Employee Count: 10 as on Aug 31, 2026
- Investors: BITMAIN, Boost VC and 34 Others
- Latest Funding Round: Series A, Mar 23, 2022, $*****
- Highlight: Editors' Pick
5. Playcent
Online reward based gaming platform. It provides in-game items, tokens, and rewards for playing games. It provides users with a platform that helps users to earn money by playing games. Users can find the games based on interests. It is an app based platform and is made available on playstore and appstore.
Key facts about Playcent
- Founded Year: 2020
- Location: Hyderabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $1M
- Employee Count: 2 as on Aug 31, 2026
- Investors: Cronus Ventures, GBV Capital and 9 Others
- Latest Funding Round: ICO, Mar 05, 2021, $*****
- Highlight: Editors' Pick
Phoenix VC's Year-on-Year Investment Trends
Phoenix VC has invested in 14 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Joystream and most recent follow-on round was in Spiral.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 3 | 0 | 3 |
2021 | 8 | 0 | 8 |
2020 | 1 | 0 | 1 |
Phoenix VC's Investments by Stage
Phoenix VC has made 7 investments in Seed stage with an average round size of $2.52M, 4 investments in Series A stage with an average round size of $8.84M and 1 investment in Series B stage with an average round size of $44M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 4 |
Series B | 1 |
Note: We have considered here, only first round of investments
Phoenix VC's Investments by Sector
Phoenix VC has a diverse portfolio, with companies operating in the Blockchain - Industry Applications, FinTech, Blockchain Technology, High Tech and Enterprise Applications. Notably, it has invested in 12 Tech companies, 10 Blockchain companies, 9 Consumer (B2C) companies and at least 8 companies focusing on Software.Sector | No. of Investments |
|---|---|
Blockchain - Industry Applications | 9 |
FinTech | 8 |
Blockchain Technology | 7 |
High Tech | 5 |
Enterprise Applications | 4 |
Others | 9 |
Note: We have considered here, only first round of investments
Phoenix VC's Investments by Geography
Phoenix VC has made most investments in India (3), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 3 |
United States | 2 |
Cayman Islands | 1 |
Israel | 1 |
Norway | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Phoenix VC's recent investments
Phoenix VC has not made any investment in 2026 so far.Here are the most recent investments by Phoenix VC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 28, 2023 | United States | Series A | 8209 | [+4] | |
Mar 23, 2022 | Norway | Series A | 9440 | [+31] | |
Mar 22, 2022 | Israel | Series B | 8351 | [+2] | |
Jan 12, 2022 | Singapore | Series A | 6557 | [+16] | |
Sep 29, 2021 | India | Seed | 8923 | [+5] |
Acquired companies in Phoenix VC's Portfolio
2 companies from Phoenix VC's portfolio have been acquired. The most recent acquisition was Web3Auth in Jun 2025 by Consensys for $*****.Here are Phoenix VC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 02, 2025 | Jan 12, 2022 | Series A | 9425 | |
Jan 25, 2023 | Jun 03, 2021 | Seed | 6588 |
Team profile of Phoenix VC
Phoenix VC has a team of 2 members including 2 Partners located in United Arab Emirates and Cameroon. Phoenix VC's team does not sit on the board of any company as of now.Co-investors of Phoenix VC
Over the past 6 years, 175 investors have co-invested in Phoenix VC's portfolio companies. This includes funds and angels.
- Invested before Phoenix VC: Visa, Propel Venture Partners and 12 others have invested in rounds before Phoenix VC. There is 1 company where Visa has invested before Phoenix VC and 1 company where Propel Venture Partners has invested before Phoenix VC.
- Top Co-investors of Phoenix VC: 158 investors entered a company along with Phoenix VC. These include investors like Chronos Ventures (4 companies).
- Invested after Phoenix VC: A total of 3 investors have invested in Phoenix VC's portfolio after their investments. Top Investors include Intuition Fund (1 company), Euclidean Capital (1 company) and Curql Accelerate (1 company).
Recent News related to Phoenix VC
•
Spiral Raises $28M in Series A FundingFinSMEs•Mar 28, 2023•Spiral, Team8, Euclidean, Intuition Fund and 6 others
•
Equinom Secures $35 Million in Funding Led by Synthesis CapitalBusiness Wire•Dec 12, 2022•Equinom, Synthesis Capital, Praesidium, Bunge and 6 others
•
Freetrade raises £30m to support international expansionPrivatebankerinternational•May 23, 2022•Capricorn Capital Partners, Thephoenix, L Catterton, Left Lane Capital and 4 others
•
Classiq Announces Strategic Investment from Global Business Leaders HSBC, NTT Finance, Neva SGR (Intesa Sanpaolo Group)Business Wire•May 16, 2022•Classiq, HSBC, Wing Venture Capital, Entree Capital and 12 others
•
ChargeAfter Raises $44M in Series B From World's Leading BanksFinancial IT•Mar 23, 2022•Charge After, Phoenix VC, MUFG, Banco Bradesco and 1 other
•
ChargeAfter Raises $44 Million For New FintechCAESARS INTERACTIVE ENTERTAINMENT (UK) LIMITED•Mar 22, 2022•Charge After, Phoenix VC, Citi, Banco Bradesco and 4 others
•
Fintech startup Bizi raises $7.5 million Seed funding to offer SMBs credit linesCTech•Jan 30, 2022•bizi.co.il, BlueVine, Orshi, Bizi and 1 other
•
MeMed raises USD 93 million to decode body’s immune responseKrASIA•Jan 11, 2022•MeMed, Horizons Ventures, COMET Group, Union Tech Ventures and 11 others
•
Akeyless Raises $14M in Series A FundingFinSMEs•Apr 28, 2021•AKEYLESS, JVP, Team8, Spiral and 5 others
•
Spiral Raises $14M and Debuts a Banking App for the Charitable SectorFF News | Fintech Finance•Apr 01, 2021•MTVO, Nidoco, Fnx, Communitas Capital and 4 others
