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DWF Labs

Almas Tower 66 Lake Avenue St, Dubai, United Arab Emirates

Overview

Web3 investor and market maker specializing in high-frequency trading.

Founded

2022

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Singapore
United Arab Emirates
United Kingdom
United States

Sector focus

Financial Services
Information and Communications Technology (ICT)
Venture Capital
Web3

Investment portfolio

31rounds
NAMEDATESIZE
DWF Labs
Jan 2026Led
$1 MSeed
ZenChain
Jan 2026Led
$9 MOther Equity
Depinsim
Oct 2025Participated
$8 MOther Equity
Block Street
Oct 2025Participated
$12 MOther Equity
Flying Tulip
Sep 2025Participated
$200 MSeed
IOST Foundation
Jun 2025Participated
$21 MOther Equity
World Liberty Financial
Apr 2025Led
$25 MICO
Balance
Sep 2024Participated
$30 MOther Equity
E-Pal
Sep 2024Participated
$30 MOther Equity
Pichi Finance
Aug 2024Participated
$3 MSeed
Yuliverse
Jun 2024Participated
$4 MSeries A
Milady
Jun 2024Led
$5 MOther Equity
DWF Labs
Jan 2026Led
$1 MSeed
ZenChain
Jan 2026Led
$9 MOther Equity
Depinsim
Oct 2025Participated
$8 MOther Equity
Block Street
Oct 2025Participated
$12 MOther Equity
Flying Tulip
Sep 2025Participated
$200 MSeed
IOST Foundation
Jun 2025Participated
$21 MOther Equity
World Liberty Financial
Apr 2025Led
$25 MICO
Balance
Sep 2024Participated
$30 MOther Equity
E-Pal
Sep 2024Participated
$30 MOther Equity
Pichi Finance
Aug 2024Participated
$3 MSeed
Yuliverse
Jun 2024Participated
$4 MSeries A
Milady
Jun 2024Led
$5 MOther Equity
31
Items
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Insights

Time horizon

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Deal Distribution

DWF Labs: 31 funding rounds are recorded in the selected participation categories.All available history.
DWF Labs: 31 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed24
Series A21
Other Equity912
ICO10

Monthly Deal Activity

DWF Labs: 31 deals are recorded across 50 months.All available history.
DWF Labs: 31 deals are recorded across 50 months. All available history
MonthDeals
Sep '221
Oct '221
Nov '220
Dec '221
Jan '230
Feb '230
Mar '233
Apr '232
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '241
Mar '244
Apr '242
May '242
Jun '242
Jul '240
Aug '241
Sep '242
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '251
Jul '250
Aug '250
Sep '251
Oct '252
Nov '250
Dec '250
Jan '262
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

DWF Labs: Crypto & Blockchain is the largest displayed sector by deal count (22 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

DWF Labs: Crypto & Blockchain is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Crypto & Blockchain22
Fintech8
Networks, Cloud & Communication7
Enterprise Software4
AI & Machine Learning4
Gaming & eSports4
Data, Analytics & IT3
Media & Entertainment2
Cybersecurity & Privacy1
AR/VR1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

DWF Labs: 31 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

DWF Labs: 31 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M7
$10M-$25M8
$25M-$50M5
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

DWF Labs: United States has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 10 of 10 regions; European countries are grouped as Europe.

DWF Labs: United States has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
United States9
Singapore8
Europe6
United Arab Emirates2
Canada1
Israel1
120651
Belize1
944021
Hong Kong1
DWF Labs: 20 co-investors are shown, with Animoca Brands sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

DWF Labs: 20 co-investors are shown, with Animoca Brands sharing 5 recorded deals. All available history
Co-investorShared deals
Animoca Brands5
Morningstar Ventures3
Andreessen Horowitz2
Big Brain Holdings2
Bitrise Capital2
CLF Partners2
Faculty Group2
Fenbushi Capital2
Foresight Ventures2
Galaxy Digital2
GBV Capital2
Generative Ventures2
Hack VC2
Halcyon Capital2
Infinity Ventures Crypto2
K5 Global2
Leland2
MARBLEX2
MBK Capital2
New Heights Fund2

Investment Strategy

DWF Labs: Led accounts for 45% and participating for 55% of round participation.All available history.
DWF Labs: Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led1445%
Participating1755%
DWF Labs: Single-lead accounts for 71% and co-led for 29% of lead dynamics.All available history.
DWF Labs: Single-lead accounts for 71% and co-led for 29% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1071%
Co-led429%

Team

Andrei Grachev

Managing Partner

Eugene Ng

Partner

Heng Lee

Partner

Jorinda Hsu

Investment Analyst

Justin Yuan

Analyst

Lingling Jiang

Liquid Markets Head of Regional Sales

Vladimir Perov

Portfolio Manager

Zac Zou

Partner