About SNZ
SNZ is a venture capital firm founded in 2016. It is primarily based out of Shanghai, China. As of Jul 2026, SNZ is an active investor, having invested in 179 companies, with 10 new investments 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 Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Seed round of EthSystems Overall, SNZ portfolio has seen 8 unicorns, 1 IPO and 2 acquisitions including key companies like Republic, Animoca Brands and Amber Group. A lot of funds co-invest with SNZ, with names like HashKey Capital sharing a substantial percentage of its portfolio. SNZ has team of 9 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
SNZ's List of Top Investments
SNZ has a portfolio of 179 companies, including 8 unicorns. Their most notable investments are in CELL Studio and Alpha5.Their portfolio spans across United States, Singapore, China and 19 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 13 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by SNZ:1. Republic
Online alternative fundraising platform to invest in startups, real estate, crypto, and video games. It provides a platform where individuals receive equity in return for their investments. Its features include investment-related services in the private markets, which include a retail investment platform, a blockchain advisory service, a private capital division, and more. It also provides fundraising tools, SEC filing, designs campaign pages, marketing, and more. For investors, it offers portfolio management tools to review financials, and valuation, and read reviews from other investors. It is available on the iOS platform.
Key facts about Republic
- Founded Year: 2009
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $216M
- Employee Count: 671 as on Jun 30, 2026
- Investors: State Street, Draper Esprit and 194 Others
- Latest Funding Round: Conventional Debt, Nov 28, 2025, $*****
- Highlight: Public
2. NEAR
Public blockchain network platform. The solution is a scalable smart contract platform that supports decentralized applications of any kind and enables the developers to build, test, and deploy applications that permissionless handle a wide range of digital assets.
Key facts about NEAR
- Founded Year: 2017
- Location: Zug (Switzerland)
- Stage: Series D
- Total Funding till date: $542M
- Employee Count: 152 as on Jun 30, 2026
- Investors: RAA Capital, Tiger Global Management and 91 Others
- Latest Funding Round: Series D, May 10, 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. Amber Group
Provider of blockchain-based financial solutions. It provides users with crypto-based financial services like payments, exchanges, and wallets. It also allows users to buy, sell, and trade digital currencies, including Bitcoin, Ripple, and Ethereum. It also offers collateralized loans across stable coins and multiple currencies. It also provides margin trading and OTC liquidity solutions.
Key facts about Amber Group
- Founded Year: 2017
- Location: Singapore (Singapore)
- Annual Revenue: $0 - $1M as on Sep 30, 2018
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $628M
- Employee Count: 624 as on Jun 30, 2026
- Investors: Temasek, Tiger Global Management and 32 Others
- Latest Funding Round: Series C, Dec 16, 2022, $*****
- Highlight: Editors' Pick
SNZ's Year-on-Year Investment Trends
SNZ has invested in 179 companies over the last 6 years, with an average of 15 new investments annually in the last 5 years. In 2025, it made 12 investments, while as of Jul 2026, it has made 5 investments in this year. Its most recent first time investment was in EthSystems and most recent follow-on round was in InfStones.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
2025 | 12 | 0 | 12 |
2024 | 23 | 0 | 23 |
2023 | 10 | 0 | 10 |
2022 | 13 | 1 | 14 |
2021 | 22 | 0 | 22 |
2020 | 7 | 0 | 7 |
SNZ's Investments by Stage
SNZ has made 60 investments in Seed stage with an average round size of $4.01M, 25 investments in Series A stage with an average round size of $11.7M and 3 investments in Series B stage with an average round size of $48.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 60 |
Series A | 25 |
Series B | 3 |
Angel | 2 |
Grant (prize money) | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
SNZ's Investments by Sector
SNZ 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 159 Tech companies, 143 Blockchain companies, 99 Enterprise (B2B) companies and at least 85 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Blockchain Technology | 69 |
High Tech | 59 |
FinTech | 49 |
Blockchain - Industry Applications | 46 |
Enterprise Applications | 26 |
Others | 47 |
Note: We have considered here, only first round of investments
SNZ's Investments by Geography
SNZ has made most investments in United States (32), followed by China where it has made 15 investments.Country | No. of Investments |
|---|---|
United States | 32 |
China | 15 |
Singapore | 15 |
Canada | 5 |
Switzerland | 4 |
Others | 17 |
Note: We have considered here, only first round of investments
SNZ's recent investments
SNZ has made 5 investments in 2026 so far. EthSystems and Ethlabs are the latest among them.Here are the most recent investments by SNZ:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 19, 2026 | - | Seed | 7755 | [+2] | |
Jun 22, 2026 | - | Grant (prize money) | 1424 | [+3] | |
Jun 17, 2026 | Brazil | Series A | 7393 | [+10] | |
May 19, 2026 | United States | Seed | 9872 | [+7] | |
Apr 08, 2026 | British Virgin Islands | Series A | 3245 | [+2] |
Unicorns in SNZ's Portfolio
SNZ has 8 unicorns in its portfolio - Bitfinex, Genies, Animoca Brands and others. The most recent unicorn in their portfolio is Bitfinex. It became a unicorn in 2023, 2 years before SNZ first invested in it.Here is a list of unicorns in SNZ's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Online cryptocurrency trading platform | 2012 | Hong Kong | Funding Raised | u{okgpa | ||
74 | Developer of tools for creating customizable, intelligent, and dynamic characters | 2011 | Los Angeles | Series C | efxbqyr | ||
77 | Digital assets and Web3 company that builds, invests in, and accelerates technologies and ecosystems for gaming | 2006 | Hong Kong | Series C | kkrufii | ||
75 | Provider of comprehensive blockchain security solutions, including smart contract audits, due diligence, and cyber threat monitoring | 2017 | New York City | Series B | pqxpfpn | ||
65 | Developer of solutions for Ethereum smart contracts | 2018 | Princeton | Series B | ktxhepd |
IPOs and Publicly Listed companies in SNZ's Portfolio
1 of SNZ's portfolio company became public - Republic. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in May 2025 at marketcap of $330MHere are SNZ's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 01, 2025 | - | - | 2677 |
Acquired companies in SNZ's Portfolio
2 companies from SNZ's portfolio have been acquired. The most recent acquisition was FuzzLand in Jan 2025 by Solayer for $*****.Here are SNZ's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 09, 2025 | Feb 09, 2024 | Seed | 3563 | |
Oct 05, 2020 | - | - | 1496 |
Team profile of SNZ
SNZ has a team of 9 members including 7 Partners and 2 Principals located in United States, China and 1 more location. SNZ's team does not sit on the board of any company as of now.Here is a list of all team members in SNZ:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | China | - | ||
Partner | - | - | - | |
Partner | New York City | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Singapore | - | - | |
Principal | New York City | - | - | |
Principal | - | - | - |
Co-investors of SNZ
Over the past 6 years, 708 investors have co-invested in SNZ's portfolio companies. This includes funds and angels.
- Invested before SNZ: HashKey Capital, Polychain and 63 others have invested in rounds before SNZ. There are 2 companies where HashKey Capital has invested before SNZ and 2 companies where Polychain has invested before SNZ.
- Top Co-investors of SNZ: 498 investors entered a company along with SNZ. These include investors like HashKey Capital (10 companies).
- Invested after SNZ: A total of 145 investors have invested in SNZ's portfolio after their investments. Top Investors include Animoca Brands (3 companies), GSR (3 companies) and Sandeep Nailwal (3 companies).
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