About QBN Capital
QBN Capital is a venture capital firm founded in 2019. It is primarily based out of Wan Chai, China. As of Jul 2025, QBN Capital has invested in 30 companies. It primarily invests in Series A round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series B round of Wrisk Overall, QBN Capital portfolio has seen 1 unicorn, 1 IPO and 5 acquisitions including key companies like Nanopore Technologies, Archax and Ultraleap. A lot of funds co-invest with QBN Capital, with names like Borderless Capital sharing a substantial percentage of its portfolio. QBN Capital has team of 7 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio IPOs
Portfolio Unicorns
QBN Capital's List of Top Investments
QBN Capital has a portfolio of 30 companies, one of which is a Unicorn. Their most notable investments are in Frictionless Markets and Archax.Their portfolio spans across United Kingdom, China, United States and 4 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 11 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by QBN Capital:Manufacturer of portable and benchtop devices for real-time DNA sequencing. These instruments utilize nanopore sensing technology to analyze native DNA and RNA molecules. The hardware supports various workflows, including library preparation and data analysis through integrated software tools. Applications include genomic research, microbial identification, and transcriptomics. The technology enables the detection of genetic variations and structural changes in biological samples.
Key facts about Nanopore Technologies
- Founded Year: 2005
- Location: Oxford (United Kingdom)
- Annual Revenue: £100M - £500M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $1.34B
- Employee Count: 1,368 as on Aug 31, 2026
- Investors: Gershon Capital, Baillie Gifford and 95 Others
- Latest Funding Round: Post IPO, Aug 01, 2024, $*****
- Highlight: Public
2. Archax
Provider of an online trading platform for cryptocurrency. It provides users with a company that offers multiple features for buying and selling of crypto via due diligence, custody application for fiat and crypto, and more. It offers trading of digital securities, digital issuance of crypto, custodian services for digital assets, and more.
Key facts about Archax
- Founded Year: 2018
- Location: London (United Kingdom)
- Annual Revenue: £1M - £10M as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 62 as on Aug 31, 2026
- Investors: CE Innovation Capital, Hudson Capital Group and 21 Others
- Latest Funding Round: Series A, Aug 18, 2025, $*****
- Highlight: Acquired
3. Hex Trust
Custodian service for digital assets. It offers an enterprise grade multi currency custody platform. It provides cold, frozen, and ZeroKey wallet services to secure cryptocurrency. It offers APIs, on-chain segregation for transactions, multiple-factor authentication, real-time monitoring, and KYC, AML validation service. It offers fully regulated institutional digital asset custody, staking and markets services to builders, investors and service providers.
Key facts about Hex Trust
- Founded Year: 2018
- Location: Hong Kong (China)
- Stage: Series B
- Total Funding till date: $104M
- Employee Count: 114 as on Aug 31, 2026
- Investors: Primavera, Tessera Venture Partners and 32 Others
- Latest Funding Round: Series B, Feb 07, 2025, $*****
- Highlight: Editors' Pick
4. Ultraleap
Ultraleap provide spatial interaction technology solutions. Offers a haptic module that enables to integrate virtual touch and an optical hand tracking module which has the capability to capture the movements of an user's hands with unparalleled accuracy and near-zero latency. Also offers TouchFree application, which enables to add touchless gesture control to interactive screens. The software application runs on an interactive kiosk or advertising totem and has the capability to detects a user’s hand in mid-air and converts it to an on-screen cursor.
Key facts about Ultraleap
- Founded Year: 2013
- Location: Bristol (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $242M
- Employee Count: 61 as on Aug 31, 2026
- Investors: BNP Paribas, Mayfair and 44 Others
- Latest Funding Round: Series D, Sep 22, 2021, $*****
- Highlight: Acquired
5. Wrisk
Wrisk provides insurance trading solutions for businesses. It features white label solutions for insurance quoting and binding. It offers an API-based platform for connecting insurers and delivering insurance products. It enables retailers to quote online insurance policies at the point of sale.
Key facts about Wrisk
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $31.2M
- Employee Count: 97 as on Aug 31, 2026
- Investors: Volution, Opera Tech Ventures and 15 Others
- Latest Funding Round: Series B, Jul 08, 2025, $*****
- Highlight: Editors' Pick
QBN Capital's Year-on-Year Investment Trends
QBN Capital has invested in 30 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Globacap and most recent follow-on round was in Wrisk.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 1 | 1 |
2023 | 3 | 0 | 3 |
2022 | 3 | 0 | 3 |
2021 | 2 | 2 | 4 |
2020 | 7 | 0 | 7 |
QBN Capital's Investments by Stage
QBN Capital has made 9 investments in Series A stage with an average round size of $6.98M, 5 investments in Seed stage with an average round size of $4.15M and 1 investment in Series B stage with an average round size of $21M.Stage of entry | No. of Investments |
|---|---|
Series A | 9 |
Seed | 5 |
Series B | 1 |
Note: We have considered here, only first round of investments
QBN Capital's Investments by Sector
QBN Capital has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Blockchain Technology, Blockchain - Industry Applications and Enterprise Infrastructure. Notably, it has invested in 23 Enterprise (B2B) companies, 23 Tech companies, 17 Software companies and at least 7 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
FinTech | 9 |
Enterprise Applications | 8 |
Blockchain Technology | 5 |
Blockchain - Industry Applications | 4 |
Enterprise Infrastructure | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
QBN Capital's Investments by Geography
QBN Capital has made most investments in United Kingdom (8), followed by China where it has made 2 investments.Country | No. of Investments |
|---|---|
United Kingdom | 8 |
China | 2 |
United States | 2 |
Luxembourg | 1 |
Netherlands | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
QBN Capital's recent investments
QBN Capital has not made any investment in 2026 so far.Here are the most recent investments by QBN Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 08, 2025 | United Kingdom | Series B | 2060 | [+2] | |
Jul 31, 2024 | Singapore | Seed | 9975 | [+2] | |
Oct 18, 2023 | United Kingdom | Series B | 2160 | ||
Oct 16, 2023 | Netherlands | Series A | 7423 | [+1] | |
Mar 02, 2023 | Singapore | Seed | 5548 | - |
Unicorns in QBN Capital's Portfolio
QBN Capital has 1 unicorn in its portfolio - Cloud Leopard. The most recent unicorn in their portfolio is Cloud Leopard which became a unicorn in 2022, 4 years before QBN Capital first invested in it.Here is a list of unicorns in QBN Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
38 | Developer of data processing unit (DPU) chips and related solutions | 2020 | Shenzhen | Series B | keftbzn |
IPOs and Publicly Listed companies in QBN Capital's Portfolio
1 of QBN Capital's portfolio company became public - Nanopore Technologies. It got listed on the London Stock Exchange (LSE), in Sep 2021 at marketcap of $6.4BHere are QBN Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2021 | - | - | 5406 |
Acquired companies in QBN Capital's Portfolio
5 companies from QBN Capital's portfolio have been acquired. The most recent acquisition was Atto in Feb 2026 by Wrisk for $*****.Here are QBN Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 10, 2026 | Jan 26, 2022 | Seed | 9872 | |
Nov 11, 2025 | - | - | 7140 | |
Mar 31, 2025 | Oct 18, 2023 | Series B | 6453 | |
Aug 12, 2022 | Jun 07, 2020 | Seed | 8765 | |
Mar 15, 2022 | Dec 21, 2020 | Seed | 5780 |
Team profile of QBN Capital
QBN Capital has a team of 7 members including 3 Partners located in China and United Kingdom. QBN Capital's team does not sit on the board of any company as of now.Here is a list of all team members in QBN Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | ||
Partner | London | - |
Co-investors of QBN Capital
Over the past 6 years, 118 investors have co-invested in QBN Capital's portfolio companies. This includes funds and angels.
- Invested before QBN Capital: Bletchley Park Asset Management, 7percent Ventures and 29 others have invested in rounds before QBN Capital. There is 1 company where Bletchley Park Asset Management has invested before QBN Capital and 1 company where 7percent Ventures has invested before QBN Capital.
- Top Co-investors of QBN Capital: 40 investors entered a company along with QBN Capital. These include investors like Borderless Capital (2 companies).
- Invested after QBN Capital: A total of 47 investors have invested in QBN Capital's portfolio after their investments. Top Investors include Recruitee (1 company), SGH Capital (1 company) and Tezos Foundation (1 company).
Recent News related to QBN Capital
•
Loan synidcation platform iLex closes $7 million pre-Series A roundFinextra•Jul 31, 2024•iLex, QBN Capital, Eileses Capital
•
Digital asset custodian Hex Trus raised US$6 million in Series A financing, with HashKey participating in the investmentChainCatcher•Mar 13, 2024•Hex Trust, QBN Capital, Radiant Tech Ventures, Kenetic and 9 others
•
Globacap secures £17.3m for private market automation softwareUKTN•Oct 19, 2023•Globacap, Moore Ventures, Chicago Board Options Exchange, Global Advisors and 2 others
•
Globacap Closes $21M Series B FundingFinSMEs•Oct 18, 2023•Globacap, Moore Ventures, Chicago Board Options Exchange, JSE and 2 others
•
Fintech iLex Finalizes $4.5M Pre-Series A to Accelerate Digitization of Syndicated Loan, Private Credit MarketsCrowdfund Insider•Mar 03, 2023•QBN Capital, iLex
•
•
DEFYCA raises $1.3M in seed funding to build the next generation of decentralized capital markets.PRWeb•Nov 08, 2022•DEFYCA, QBN Capital
•
DirectID Raises $3m In Bridge Round To Expand Credit And Risk PlatformFintech Finance•Jan 24, 2022•QBN Capital, The ID Co.
•
UK Scaleup Navenio Secures $12.6M Investment to Accelerate Global Growth in Healthcare and BeyondRealWire•Dec 16, 2021•Navenio, Oxford Science Enterprises, QBN Capital, Big Pi Ventures and 6 others
•
Hong Kong Based Digital Asset Custody Provider Hex Trust Secures Investment From Fintech CyberportCrowdfund Insider•Jul 04, 2021•Hex Trust, Cyberport, QBN Capital, Cell Press and 7 others
