About Spartan Group
Spartan Group is a venture capital firm founded in 2018. It is primarily based out of Singapore, Singapore. As of Jul 2026, Spartan Group is an active investor, having invested in 179 companies, with 5 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 $***** Series A round of THEA Overall, Spartan Group portfolio has seen 8 unicorns and 7 acquisitions including key companies like Mysten Labs, MPL and Consensys. A lot of funds co-invest with Spartan Group, with names like Animoca Brands sharing a substantial percentage of its portfolio. Spartan Group has team of 27 people including 10 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Spartan Group's List of Top Investments
Spartan Group has a portfolio of 179 companies, including 8 unicorns. Their most notable investments are in Gomble and Moonveil Entertainment.Their portfolio spans across United States, Singapore, United Kingdom and 27 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 15 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Spartan Group:
1. Mysten Labs
Blockchain platform offering Web3 infrastructure solutions. Its product portfolio includes an open-source wallet packed with features to help developers access, learn, and transact on the Sui network, Sui Explorer for digging into metrics, searching for transactions, Sui name service to register identity, and more. It also offers digital collectibles called SuiFrens.
Key facts about Mysten Labs
- Founded Year: 2021
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $336M
- Employee Count: 208 as on May 31, 2026
- Investors: Greenoaks, Lightspeed Venture Partners and 42 Others
- Latest Funding Round: Series B, Sep 08, 2022, $*****
- Highlight: Editors' Pick
2. MPL
Operator of an online platform providing real money skill-based gaming. The platform offers various card, puzzle, sports, and casual games. Users can participate in contests and tournaments. Winnings are credited to user accounts and can be withdrawn.
Key facts about MPL
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: $100M - $500M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $401M
- Employee Count: 435 as on May 31, 2025
- Investors: Founders Circle Capital, Pegasus Tech Ventures and 73 Others
- Latest Funding Round: Series E, Feb 09, 2025, $*****
- Highlight: Editors' Pick
3. Consensys
Developer of blockchain and web3 software platform. Its product suite includes MetaMask, Infura, Linea, Truffle, Diligence, and an NFT platforms that supports users with building a dApp, an NFT collection, a portfolio, managing digital assets, and more.
Key facts about Consensys
- Founded Year: 2014
- Location: Fort Worth (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $725M
- Employee Count: 745 as on May 31, 2026
- Investors: Third Point, Next Round Capital and 58 Others
- Latest Funding Round: Series D, Nov 09, 2022, $*****
- Highlight: Editors' Pick
Developer of digital asset services and blockchain based gaming experiences. 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: 309 as on Jun 30, 2026
- Investors: Harmony Partners, Backstage and 125 Others
- Latest Funding Round: Series C, Nov 11, 2024, $*****
- Highlight: Editors' Pick
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5. Immutable
Blockchain-based infrastructure for NFT games and applications. It specializes in developing core games such as cards, MMO, FPS, and more. It also provides an open-source platform for developers to create immutable assets such as cards, skins, weapons, and more. It provides a peer-to-peer marketplace for players where they can buy, sell and gift in-game items.
Key facts about Immutable
- Founded Year: 2018
- Location: Sydney (Australia)
- Annual Revenue: $10M - $50M as on Jun 30, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $277M
- Employee Count: 215 as on May 31, 2026
- Investors: Naspers, Princeville Capital and 57 Others
- Latest Funding Round: Series C, Mar 07, 2022, $*****
- Highlight: Editors' Pick
Spartan Group's Year-on-Year Investment Trends
Spartan Group has invested in 179 companies over the last 8 years, with an average of 28 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of Jul 2026, it has made 5 investments in this year. Its most recent first time investment was in THEA and most recent follow-on round was in Cookie3.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 0 | 5 |
2025 | 6 | 0 | 6 |
2024 | 37 | 1 | 38 |
2023 | 21 | 2 | 23 |
2022 | 45 | 0 | 45 |
2021 | 44 | 2 | 46 |
2020 | 5 | 1 | 6 |
2019 | 0 | 0 | 0 |
2018 | 2 | 0 | 2 |
Spartan Group's Investments by Stage
Spartan Group has made 102 investments in Seed stage with an average round size of $6.38M, 53 investments in Series A stage with an average round size of $12.7M and 7 investments in Series B stage with an average round size of $20.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 102 |
Series A | 53 |
Series B | 7 |
Angel | 1 |
Series C | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Spartan Group's Investments by Sector
Spartan Group 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 165 Tech companies, 145 Blockchain companies, 107 Consumer (B2C) companies and at least 84 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 134 |
High Tech | 120 |
FinTech | 109 |
Blockchain - Industry Applications | 106 |
Enterprise Applications | 37 |
Others | 98 |
Note: We have considered here, only first round of investments
Spartan Group's Investments by Geography
Spartan Group has made most investments in United States (57), followed by Singapore where it has made 32 investments.Country | No. of Investments |
|---|---|
United States | 57 |
Singapore | 32 |
United Kingdom | 13 |
China | 7 |
India | 7 |
Others | 44 |
Note: We have considered here, only first round of investments
Spartan Group's recent investments
Spartan Group has made 5 investments in 2026 so far. THEA and Saturn Credit are the latest among them.Here are the most recent investments by Spartan Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 03, 2026 | - | Series A | 7711 | [+3] | |
May 08, 2026 | United Kingdom | Seed | 7222 | [+1] | |
Mar 26, 2026 | Comoros | Series A | 6808 | [+6] | |
Feb 25, 2026 | United Kingdom | Seed | 9142 | [+5] | |
Jan 21, 2026 | - | Series A | 2884 | [+2] |
Unicorns in Spartan Group's Portfolio
Spartan Group has 8 unicorns in its portfolio - Mysten Labs, Unstoppable Domains, LayerZero Labs Canada Inc and others. The most recent unicorn in their portfolio is Mysten Labs. It became a unicorn in 2022, 3 years before Spartan Group first invested in it.Here is a list of unicorns in Spartan Group's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
81 | Blockchain platform offering Web3 infrastructure solutions | 2021 | Palo Alto | Series B | qmeueba | ||
70 | Web3 domains for crypto transactions and building decentralized websites | 2018 | San Francisco | Series A | yzsojl{ | ||
70 | Omnichain interoperability protocol that unites decentralized applications | 2021 | Vancouver | Series B | lrkqloh | ||
72 | Blockchain-based infrastructure for NFT games and applications | 2018 | Sydney | Series C | ixenzvk | ||
77 | Developer of digital asset services and blockchain based gaming experiences | 2006 | Hong Kong | Series C | navvxss |
Acquired companies in Spartan Group's Portfolio
7 companies from Spartan Group's portfolio have been acquired. The most recent acquisition was Omni in Jun 2026 by TabTrader for $*****.Here are Spartan Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2026 | Sep 07, 2022 | Seed | 3044 | |
May 05, 2026 | Apr 25, 2023 | Series A | 1493 | |
Sep 10, 2025 | Sep 13, 2021 | Series A | 5241 | |
Apr 21, 2025 | Nov 28, 2023 | Seed | 5462 | |
Sep 20, 2024 | Aug 26, 2022 | Seed | 8401 |
Team profile of Spartan Group
Spartan Group has a team of 27 members including 10 Partners and 3 Principals located in Singapore, China and 4 more locations. Spartan Group's team does not sit on the board of any company as of now.Here is a list of top team members in Spartan Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Partner | China | - | ||
Partner | Xuhui | - | - | |
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | Taiwan | - | ||
Partner | Switzerland | - | ||
Partner | United Arab Emirates | - | ||
Partner | United States | - | ||
Partner | Hong Kong | - | ||
Principal | United States | - |
Co-investors of Spartan Group
Over the past 8 years, 1382 investors have co-invested in Spartan Group's portfolio companies. This includes funds and angels.
- Invested before Spartan Group: Alameda Research, Polychain and 328 others have invested in rounds before Spartan Group. There are 7 companies where Alameda Research has invested before Spartan Group and 7 companies where Polychain has invested before Spartan Group.
- Top Co-investors of Spartan Group: 839 investors entered a company along with Spartan Group. These include investors like Animoca Brands (29 companies).
- Invested after Spartan Group: A total of 213 investors have invested in Spartan Group's portfolio after their investments. Top Investors include Binance (5 companies), OKX (4 companies) and Amber Group (3 companies).
Recent News related to Spartan Group
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Tech Kash Raises $2M for Social Media Prediction MarketsBitcoin Ethereum News•Feb 25, 2026•Data Center Group, Kash Bot, Halo Capital, Fabric Capital Advisors and 6 others
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Solido Secures $800,000 to Power Core DeFi Primitives for Supra’s AutoFi StackAMBCrypto•Sep 11, 2025•Supra, Cashaa, Solido, K10 and 3 others
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Web3 RPG Aria Secures $5 Million in Seed FundingBitcoin Ethereum News•Jul 31, 2025•Aria, Folius Ventures, Spartan Group
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Planetarium Labs' Immortal Rising 2 Secures $3 Million in FundingGamingonPhone•Mar 26, 2025•Planetarium Labs, Immortalrising2, Spartan Group, Immutable and 5 others
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Planetarium Labs secures $3m funding to expand Immortal Rising 2Pocket Gamer•Mar 26, 2025•Planetarium Labs, Spartan Group, Immutable, MARBLEX and 6 others
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GOAT Gaming lands US$4M to scale AI-driven Web3 gaming on Telegrame27•Feb 03, 2025•GOAT Gaming, Ton Ventures, Karatage, Bitscale and 24 others
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Wingbits lands €5.3M to transform flight trackingSilicon Canals•Jan 27, 2025•Wingbits, Borderless Capital, Bullish, Spartan Group and 4 others
