Kenetic Capital
11 Duddell Street 10/F, Ruttonjee House, Central, Hong Kong
Overview
Kenetic is a proprietary trading and VC investment firm focused on digital assets and blockchain related companies. They have developed technology to facilitate their quantitative trading strategies and offer various digital asset related structured products to counterparts.
- Total investments
- 41
- Lead investments
- 7
- Investments · 12mo
- 1
- Active investors
- 2
Sector focus
- Blockchain
- Communities
- Cryptocurrency
- Financial Services
- Hedge Funds
Investment portfolio
- Akedo
Participated · Seed · Jan 2026
Akedo operates a “vibe-coding” platform that coordinates multiple AI agents across ideation, content generation, development, and distribution to accelerate game and digital content creation. The company claims its multi-agent approach delivers up to 100× efficiency gains versus traditional single-assistant large-language-model workflows. Beyond creation tools, Akedo is building a one-click token-launch feature, enabling creators to issue and monetize game-related collections with mechanics such as $AKE-paired liquidity pools and bonding-curve token distribution to active players and key opinion leaders. The platform is already live, reporting more than 2 million registered users, over 1 million on-chain transactions, and roughly 30,000 on-chain daily active users. Akedo also maintains a social following exceeding 2 million across channels. The recently secured seed capital strengthens the company’s financial position and will be deployed to scale its multi-agent infrastructure and broaden product capabilities for creators, studios, and communities.
- Avalon Finance
Participated · Series A · Dec 2024
Avalon Labs is the issuer of USDa, a bitcoin-backed stablecoin, and builds a Bitcoin decentralized finance (DeFi) ecosystem. The company aims to evolve BTC from a digital store of value into a more active financial instrument that can serve multiple purposes. Users can unlock value in their BTC by collateralizing it to mint USDa at a fixed borrowing rate of 8%. USDa reached $700 million in total value locked (TVL) earlier this month. In addition to the stablecoin, Avalon offers bitcoin-backed lending, yield-generating savings accounts and a credit card. The company raised $10 million in a Series A to grow its Bitcoin DeFi ecosystem. Avalon Finance operates in decentralized finance with a focus on lending services. The company was reported to have secured seed funding to support its lending product. The announced round totaled $1.5 million and is intended to enhance the platform’s DeFi lending capabilities. The article reporting the raise appeared on CoinMarketCap and was authored by Cryptopolitan_News. No revenue, user metrics, founding year, location, or investor names were disclosed in the article. Further operational or product details were not provided beyond the planned enhancement of its lending offering.
- Flappy Bird
Led · Equity · Oct 2024
The Flappy Bird Foundation is reviving the original Flappy Bird game (which first launched in May 2013 and achieved over 50 million downloads in seven months) with modern Web3 features and social gameplay. Its core product is a reimagined Flappy Bird that adds a token system called FLAP-A-TON so players can mine points through gameplay and daily logins. An early version is already available on Telegram, and the foundation plans optional advertisements, new modes and characters, and a 99-player real-time multiplayer mode across 50 obstacles. The team includes Kek, the developer credited with inspiring the original game, and is described as a blend of passionate fans and industry veterans. The foundation emphasizes community features—teams, prizes and social competition—and is targeting Telegram’s large user base as a distribution and engagement channel. Financially, the group has secured outside funding to support the revival.
- IDA
Participated · Seed · Sep 2024
IDA is a Hong Kong-based digital asset technology company co-founded by CEO Lawrence Chu and CSO Sean Lee. Its first product is HKDA, a fiat-referenced stablecoin built on public blockchain protocols and designed to be regulated in Hong Kong. HKDA is intended to enable 24/7/365 commerce and payments between Hong Kong and global markets. IDA is partnering with industry players to facilitate minting, redemption, and widespread acceptance of HKDA as a payment and settlement digital currency. In subsequent phases the company plans to launch products denominated in other USD-pegged currencies with ecosystem partners across regulated financial institutions and Web3 platforms. Financially, IDA raised USD6M in a seed round to advance development and launch of HKDA.
- Fanton
Led · Seed · Aug 2024
Fanton Fantasy Football operates a blockchain-based fantasy sports platform integrated within the Telegram ecosystem. The platform lets users create and manage fantasy teams, compete with other players, and earn rewards enabled by blockchain technology. The company raised $1M in Seed funding to support its growth. Fanton intends to use the funds to expand operations and accelerate development efforts. The platform has attracted over 3 million users and more than 300,000 connected wallets. Fanton is positioned in the SocialFi gaming space and targets growth among fantasy sports enthusiasts worldwide. Fanton Fantasy Football is a gaming platform that combines traditional fantasy football with NFT and cryptocurrency mechanics, including NFTs representing players and seamless Web3 payments via Telegram. The product launched to early acclaim, earning Product Hunt’s “Product of the Day” and attracting both players and investors. Fanton plans to use new funding to expand services and add features such as 'Play with Friends', personalized tournaments, and smart gaming strategies to boost engagement. The team emphasizes tight integration with the TON ecosystem and Telegram to simplify gameplay and payments. Fanton has also pursued strategic partnerships, including an alliance with Cointelegraph Accelerator, to broaden its reach within Web3. The company positions itself to grow its community and deepen its role in the TON network. Fanton has developed a TON blockchain fantasy football game that operates on Telegram, where users create and manage teams by selecting player cards. The game mimics tournaments from the top five European leagues and the Champions League, and players score points based on real-world match outcomes such as goals, assists, and clean sheets. Players can make tactical adjustments to their teams until the registration period ends, and the primary objective is to achieve the highest score to win prizes paid in TON cryptocurrency. Led by CEO Eldar Khayretdinov and COO Vadim Sterlin, the company plans to use the new funding to accelerate growth within the TON ecosystem. Fanton raised $300K in a pre-seed round at a $5M valuation, reflecting early-stage backing. The round was led by First Stage Labs, Yolo Investments and Existential Capital, and included business angel Emanuele Costa.