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The Venture Codex

IoTeX

5822 Tanglewood Park St, Houston, Texas, 77057, United States

Overview

Modular Web3 infrastructure connecting smart devices to blockchains.

Founded

2017

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Canada
Finland
United States

Sector focus

Blockchain
Cryptocurrency
Decentralized Finance (DeFi)
Internet of Things
...

Investment portfolio

7rounds
NAMEDATESIZE
DGrid
Jul 2026Participated
$5 MSeed
Network3
Jul 2024Participated
$6 MOther Equity
Nubila
Jul 2024Led
$3 MOther Equity
MetaBlox
Mar 2024Participated
$5 MOther Equity
GEODNET
Feb 2024Participated
$4 MSeed
GEODNET
Jul 2023Participated
$2 MICO
Galaxy Blitz
Jan 2022Participated
$10 MOther Equity
DGrid
Jul 2026Participated
$5 MSeed
Network3
Jul 2024Participated
$6 MOther Equity
Nubila
Jul 2024Led
$3 MOther Equity
MetaBlox
Mar 2024Participated
$5 MOther Equity
GEODNET
Feb 2024Participated
$4 MSeed
GEODNET
Jul 2023Participated
$2 MICO
Galaxy Blitz
Jan 2022Participated
$10 MOther Equity
7
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

IoTeX: 7 funding rounds are recorded in the selected participation categories.All available history.
IoTeX: 7 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Other Equity13
ICO01

Monthly Deal Activity

IoTeX: 7 deals are recorded across 58 months.All available history.
IoTeX: 7 deals are recorded across 58 months. All available history
MonthDeals
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '242
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

IoTeX: Crypto & Blockchain is the largest displayed sector by deal count (7 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.

IoTeX: Crypto & Blockchain is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Crypto & Blockchain7
AR/VR3
Networks, Cloud & Communication2
AI & Machine Learning2
Enterprise Software1
Gaming & eSports1
Clean Energy & Sustainability1

Deal Size Distribution

IoTeX: 7 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.

IoTeX: 7 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M3
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

IoTeX: United States has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

IoTeX: United States has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
United States5
Europe1
Canada1
IoTeX: 20 co-investors are shown, with Borderless Capital sharing 3 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.

IoTeX: 20 co-investors are shown, with Borderless Capital sharing 3 recorded deals. All available history
Co-investorShared deals
Borderless Capital3
SNZ2
Waterdrip Capital2
Amplio Capital1
Anagram1
Assembly Partners1
Awesome People Ventures1
BitMart1
Boston Consulting Group1
Bybit1
ByteTrade Lab1
Comma3 Ventures1
Conflux Foundation1
Cyber1
Deepin Lab1
DePIN Labs1
DePINsurf1
ECMC Group1
Enjinstarter1
EV31

Investment Strategy

IoTeX: Led accounts for 14% and participating for 86% of round participation.All available history.
IoTeX: Led accounts for 14% and participating for 86% of round participation. All available history
CategoryDeals (count)Share (%)
Led114%
Participating686%
IoTeX: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
IoTeX: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Dean Patrick

Growing Data Ownership and Privacy in IoT

Jing Sun

Founding Member, Head of investment and ecosystem

Qevan Guo

Founding Team

Raullen Chai

CEO, Co-Founder

Xinxin Fan

Founding Member, Head of Cryptography