The Venture Codex Logo

The Venture Codex

HashKey Capital

14th Floor, Three Exchange Square, 8 Connaught Place, Central, Hong Kong Island, Hong Kong

Overview

Investment firm specializing in digital assets and blockchain technology.

Founded

2018

Deals · 12mo

8

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Hong Kong
Singapore
United States

Sector focus

—

Investment portfolio

123rounds
NAMEDATESIZE
Vangrid
Aug 2026Participated
$9 MSeed
Sentient
Jul 2026Participated
$85 MSeed
Morpho Labs
Jun 2026Participated
$175 MOther Equity
SignalPlus
May 2026Led
$40 MOther Equity
AEON
May 2026Participated
$8 MSeed
Bullish Global
Apr 2026Led
$380 MOther Equity
Huddle01
Feb 2026Participated
$7 MOther Equity
Magma Finance
Dec 2025Participated
$6 MOther Equity
Raiku
Sep 2025Participated
$14 MSeed
Kite
Sep 2025Participated
$18 MSeries A
Obita
Sep 2025Participated
$10 MOther Equity
Doppler Finance
Aug 2025Participated
$3 MSeed
Vangrid
Aug 2026Participated
$9 MSeed
Sentient
Jul 2026Participated
$85 MSeed
Morpho Labs
Jun 2026Participated
$175 MOther Equity
SignalPlus
May 2026Led
$40 MOther Equity
AEON
May 2026Participated
$8 MSeed
Bullish Global
Apr 2026Led
$380 MOther Equity
Huddle01
Feb 2026Participated
$7 MOther Equity
Magma Finance
Dec 2025Participated
$6 MOther Equity
Raiku
Sep 2025Participated
$14 MSeed
Kite
Sep 2025Participated
$18 MSeries A
Obita
Sep 2025Participated
$10 MOther Equity
Doppler Finance
Aug 2025Participated
$3 MSeed
123
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

HashKey Capital: 123 funding rounds are recorded in the selected participation categories.All available history.
HashKey Capital: 123 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed641
Series A425
Series B04
Series C+02
Other Equity336
ICO02

Monthly Deal Activity

HashKey Capital: 123 deals are recorded across 86 months.All available history.
HashKey Capital: 123 deals are recorded across 86 months. All available history
MonthDeals
Sep '191
Oct '191
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '201
Sep '201
Oct '202
Nov '200
Dec '200
Jan '210
Feb '210
Mar '213
Apr '211
May '212
Jun '213
Jul '210
Aug '211
Sep '212
Oct '211
Nov '214
Dec '213
Jan '221
Feb '220
Mar '221
Apr '221
May '223
Jun '222
Jul '221
Aug '225
Sep '223
Oct '222
Nov '222
Dec '223
Jan '231
Feb '232
Mar '233
Apr '235
May '231
Jun '230
Jul '231
Aug '230
Sep '233
Oct '233
Nov '233
Dec '230
Jan '242
Feb '244
Mar '244
Apr '244
May '243
Jun '245
Jul '246
Aug '241
Sep '241
Oct '243
Nov '240
Dec '241
Jan '251
Feb '250
Mar '251
Apr '250
May '251
Jun '250
Jul '250
Aug '251
Sep '253
Oct '250
Nov '250
Dec '251
Jan '260
Feb '261
Mar '260
Apr '261
May '262
Jun '261
Jul '261
Aug '261
Sep '260
Oct '260

Sector Breakdown

HashKey Capital: Crypto & Blockchain is the largest displayed sector by deal count (91 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.

HashKey Capital: Crypto & Blockchain is the largest displayed sector by deal count (91 deals). All available history
SectorDeals
Crypto & Blockchain91
Fintech41
Networks, Cloud & Communication20
Enterprise Software18
AI & Machine Learning16
Gaming & eSports14
Developer Tools14
Data, Analytics & IT11
Media & Entertainment10
Cybersecurity & Privacy9
Professional Services8
AR/VR6
E-Commerce & Retail5
Hardware & Robotics5
Social & Community Platforms3
Education & Workforce2
Transportation & Logistics2
Government & Defense1
Space & Frontier Tech1
Consumer & Lifestyle1
Marketing & Advertising1

Deal Size Distribution

HashKey Capital: 123 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.

HashKey Capital: 123 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M29
$5M-$10M33
$10M-$25M44
$25M-$50M9
$50M-$100M5
$100M-$250M2
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

HashKey Capital: United States has the largest recorded deal count among the displayed regions (53 deals).All available history.

Top 10 of 17 regions; European countries are grouped as Europe.

HashKey Capital: United States has the largest recorded deal count among the displayed regions (53 deals). All available history
RegionDeals
United States53
Singapore24
Europe20
Hong Kong11
Canada2
Japan2
India1
Nigeria1
1011
Cayman Islands1
HashKey Capital: 20 co-investors are shown, with Animoca Brands sharing 12 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.

HashKey Capital: 20 co-investors are shown, with Animoca Brands sharing 12 recorded deals. All available history
Co-investorShared deals
Animoca Brands12
SNZ12
Fenbushi Capital11
GSR11
Foresight Ventures10
Spartan Group10
OKX Ventures9
Coinbase Ventures8
HTX Ventures8
Mirana Ventures8
CMT Digital7
Kenetic Capital7
Ethereal Ventures6
Galaxy Digital6
Hashed6
Polychain Capital6
Protocol Labs6
SevenX Ventures6
Amber Group5
Arrington Capital5

Investment Strategy

HashKey Capital: Led accounts for 11% and participating for 89% of round participation.All available history.
HashKey Capital: Led accounts for 11% and participating for 89% of round participation. All available history
CategoryDeals (count)Share (%)
Led1311%
Participating11089%
HashKey Capital: Single-lead accounts for 23% and co-led for 77% of lead dynamics.All available history.
HashKey Capital: Single-lead accounts for 23% and co-led for 77% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead323%
Co-led1077%

Team

Chao Deng

Investor

Deng Chao

CEO

Feng Xiao

Chairman

Harper Li

Investment Manager

Sunny He

Investment Director

Xiao XIAO

Investment Director