About SCB 10X
SCB 10X is a venture capital firm founded in 2016. It is primarily based out of Bangkok, Thailand. As of Nov 2025, SCB 10X is an active investor, having invested in 54 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Blockchain Technology. Most recently it participated in the $***** Seed round of Hearvana Overall, SCB 10X portfolio has seen 10 unicorns, 2 IPOs and 6 acquisitions including key companies like Sygnum, Darwinbox and Currencycloud. A lot of funds co-invest with SCB 10X, with names like Samsung NEXT sharing a substantial percentage of its portfolio. SCB 10X has team of 23 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Unicorns
SCB 10X's List of Top Investments
SCB 10X has a portfolio of 54 companies, including 10 unicorns. Their most notable investments are in Flashexpress and theAsianparent.Their portfolio spans across United States, Thailand, Singapore and 8 more locations. They have invested in Enterprise Applications, High Tech, Blockchain Technology and 19 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by SCB 10X:
1. Ripple
Provider of blockchain and financial infrastructure solutions for cross-border payments and digital asset custody. The company offers payments, custody, and stablecoin solutions. These solutions enable the integration of blockchain and digital assets. The company aims to provide a simple, secure, and compliant way to modernize financial infrastructure.
Key facts about Ripple
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $853M
- Employee Count: 2,227 as on Jul 31, 2026
- Investors: 2020 Ventures, 27th Street Capital and 104 Others
- Latest Funding Round: Conventional Debt, Aug 18, 2026, $*****
- Highlight: Editors' Pick
2. Sygnum
Digital asset banking platform offering a range of services including trading, custody, staking, and tokenization of assets. It offers secure crypto services including trading, custody, staking, and tokenization. It provides a one-stop tokenization solution covering the entire value chain from minting to life-cycle management. It is a regulated digital asset bank with operations in multiple regions.
Key facts about Sygnum
- Founded Year: 2017
- Location: Zurich (Switzerland)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $218M
- Employee Count: 292 as on Jul 31, 2026
- Investors: Animoca Brands, SBI Group and 13 Others
- Latest Funding Round: Series C, Jan 14, 2025, $*****
- Highlight: Editors' Pick
3. Darwinbox
Developer of human capital management software with AI capabilities. The software is designed to empower human resources teams. It provides a modern platform with a consumer-grade experience. The platform is built to make enterprises change-ready.
Key facts about Darwinbox
- Founded Year: 2015
- Location: San Francisco (United States)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $149M
- Employee Count: 1,022 as on May 31, 2025
- Investors: Salesforce Ventures, TCV and 54 Others
- Latest Funding Round: Series D, Sep 12, 2025, $*****
- Highlight: Editors' Pick
Provider of cross-border payment solutions and multi-currency payment infrastructure. The platform offers tools to collect, convert, pay, and manage international transactions. It provides application programming interface integration, direct platform access, and white-label platform options. The company delivers virtual wallets, named accounts, and global payment capabilities.
Key facts about Currencycloud
- Founded Year: 2007
- Location: London (United Kingdom)
- Annual Revenue: £50M - £100M as on Sep 30, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $196M
- Employee Count: 294 as on Jul 31, 2026
- Investors: Kreos Capital, Atlas Venture and 43 Others
- Latest Funding Round: Series E, Jan 27, 2020, $*****
- Highlight: Acquired
5. BlockFi
Online platform for trading, crypto-backed loans, interest accounts, and wallets. The platform tracks all the historical transaction details and assists in tax reporting. It also offers solutions for miners, exchanges, and Crypto ATMs. Its app is available for Android and iOS users.
Key facts about BlockFi
- Founded Year: 2017
- Location: Jersey City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $466M
- Employee Count: 178 as on Jul 31, 2026
- Investors: Fidelity Investments, Bracket Capital and 64 Others
- Latest Funding Round: Conventional Debt, Jun 22, 2022, $*****
- Highlight: Acquired
SCB 10X's Year-on-Year Investment Trends
SCB 10X has invested in 54 companies over the last 6 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Hearvana and most recent follow-on round was in Darwinbox.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 7 | 0 | 7 |
2023 | 3 | 0 | 3 |
2022 | 4 | 2 | 6 |
2021 | 8 | 4 | 12 |
2020 | 5 | 0 | 5 |
SCB 10X's Investments by Stage
SCB 10X has made 10 investments in Seed stage with an average round size of $9.79M, 9 investments in Series A stage with an average round size of $22.7M, 4 investments in Series B stage with an average round size of $98.3M, 4 investments in Series C stage with an average round size of $56.2M and 2 investments in Series D stage with an average round size of $310M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 9 |
Series B | 4 |
Series C | 4 |
Series D | 2 |
Note: We have considered here, only first round of investments
SCB 10X's Investments by Sector
SCB 10X has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, FinTech, Blockchain Technology and Blockchain - Industry Applications. Notably, it has invested in 50 Tech companies, 38 Enterprise (B2B) companies, 30 Software companies and at least 25 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 16 |
High Tech | 14 |
FinTech | 13 |
Blockchain Technology | 12 |
Blockchain - Industry Applications | 9 |
Others | 28 |
Note: We have considered here, only first round of investments
SCB 10X's Investments by Geography
SCB 10X has made most investments in United States (14), followed by Singapore where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 14 |
Singapore | 6 |
Thailand | 5 |
Israel | 2 |
Switzerland | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
SCB 10X's recent investments
SCB 10X has not made any investment in 2026 so far.Here are the most recent investments by SCB 10X:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 05, 2025 | United States | Seed | 5813 | [+7] | |
May 28, 2025 | United States | Seed | 2893 | [+2] | |
Nov 19, 2024 | United States | Seed | 7451 | ||
Aug 14, 2024 | United States | Series A | 1162 | [+19] | |
Jul 31, 2024 | United States | Series A | 2201 | [+7] |
Unicorns in SCB 10X's Portfolio
SCB 10X has 10 unicorns in its portfolio - Sygnum, The Sandbox, Together AI and others. The most recent unicorn in their portfolio is Sygnum. It became a unicorn in 2025, 3 years after SCB 10X first invested in it.Here is a list of unicorns in SCB 10X's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Digital asset banking platform offering a range of services including trading, custody, staking, and tokenization of assets | 2017 | Zurich | Series C | hxtohtq | ||
71 | Online platform offering a user-generated metaverse with blockchain games for creative and immersive gaming experiences | 2018 | Hong Kong | Series B | glynuui | ||
73 | Provider of a platform for developing, fine-tuning, and deploying AI models | 2022 | San Francisco | Series C | tp{dmni | ||
66 | Platform offering AI focused writing and reading assistants | 2017 | Tel Aviv | Series D | mkeimdw | ||
69 | Provider of an institutional digital assets platform for trading, managing, and accessing crypto markets | 2018 | New York City | Series B | {ixvsrb |
IPOs and Publicly Listed companies in SCB 10X's Portfolio
2 of SCB 10X's portfolio companies have become public. Pagaya got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Feb 2021 at marketcap of $312M.Here are SCB 10X's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 25, 2021 | - | - | 7527 | |
- | - | - | 9516 |
Acquired companies in SCB 10X's Portfolio
6 companies from SCB 10X's portfolio have been acquired. The most recent acquisition was Rakkar Digital in Mar 2026 by DV8 for $*****.Here are SCB 10X's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 23, 2026 | Oct 31, 2022 | Seed | 6337 | |
Apr 23, 2025 | - | - | 7046 | |
Dec 12, 2024 | - | - | 9285 | |
Jun 30, 2022 | Aug 20, 2020 | Series C | 6852 | |
May 17, 2022 | Jul 15, 2021 | Seed | 6200 |
Team profile of SCB 10X
SCB 10X has a team of 23 members including 5 Partners and 12 Principals located in Thailand and United States. SCB 10X's team does not sit on the board of any company as of now.Here is a list of top team members in SCB 10X:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bangkok | - | ||
Partner | Bangkok | - | - | |
Partner | Thailand | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Principal | Bangkok | - | ||
Principal | - | - | ||
Principal | - | - | - | |
Principal | Thailand | - | ||
Principal | - | - | ||
Principal | United States | - |
Co-investors of SCB 10X
Over the past 6 years, 447 investors have co-invested in SCB 10X's portfolio companies. This includes funds and angels.
- Invested before SCB 10X: Coinbase, Galaxy and 157 others have invested in rounds before SCB 10X. There are 3 companies where Coinbase has invested before SCB 10X and 3 companies where Galaxy has invested before SCB 10X.
- Top Co-investors of SCB 10X: 168 investors entered a company along with SCB 10X. These include investors like Samsung NEXT (4 companies).
- Invested after SCB 10X: A total of 120 investors have invested in SCB 10X's portfolio after their investments. Top Investors include M12 (2 companies), ParaFi (2 companies) and Azimut (1 company).
Recent News related to SCB 10X
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SCB 10X co-leads Hearvana’s $6m pre-seed round for auditory AIe27•Dec 17, 2025•Pack Ventures, SCB 10X, J4.Ventures, AI2 Incubator and 3 others
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AI21 Labs raises $300M from Google and Nvidia to expand enterprise AI offerings
SiliconAngle•May 11, 2025•AI21 Labs, Google, Nvidia, Intel Capital and 7 others
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Nvidia-backed Israeli AI startup AI21 raises $300M in fundingDnyuz•May 09, 2025•AI21 Labs, Google, Nvidia, Intel Capital and 7 others
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Resolv Labs Secures $10M Seed Funding for Stablecoin ProtocolNftgators•Apr 16, 2025•Resolv, CyberFund, Maven 11, Coinbase and 7 others
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Jimini Health: $8 Million Secured For Transforming Mental Health TherapyPulse 2.0•Dec 03, 2024•Jimini, Zetta Venture Partners, LionBird, PsyMed Ventures and 3 others
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Jimini Health Raises $8M in FundingFinSMEs•Nov 19, 2024•Jimini, Zetta Venture Partners, LionBird, Psymed and 5 others
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SCB 10X Invests in Ema, the Pioneer of Agentic AI Systems for EnterprisesBusinessnewsthisweek•Aug 16, 2024•SCB 10X, Accel, Prosus, and 6 others
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SCB 10X invests in Series A round in Ema, an agentic AI company for enterprisesTechSauce•Aug 14, 2024•SCB 10X, Ema
