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The Venture Codex

Mechanism Capital

60 PAYA LEBAR ROAD, #04-23, PAYA LEBAR SQUARE, Singapore, 409051

Overview

Investment firm focused on cryptocurrency and decentralized finance.

Founded

2020

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Canada
Singapore
United States

Sector focus

Cryptocurrency
Decentralized Finance (DeFi)
Finance
Financial Services
...

Investment portfolio

49rounds
NAMEDATESIZE
KapKap
Oct 2025Participated
$10 MSeed
BIO Protocol
Sep 2025Participated
$7 MSeed
MagicBlock
Apr 2025Participated
$8 MSeed
Mirai Labs
Feb 2025Led
$4 MSeed
Nectar AI
Sep 2024Led
$4 MSeed
Mira
Jul 2024Participated
$9 MSeed
Allora Labs
Jun 2024Participated
$35 MOther Equity
Gudchain
Jun 2024Led
$5 MOther Equity
Pixelverse
Jun 2024Led
$6 MOther Equity
Anzen
May 2024Participated
$4 MSeed
Param Labs Inc
May 2024Participated
$7 MSeed
Shiba Inu Coin
Apr 2024Participated
$12 MOther Equity
KapKap
Oct 2025Participated
$10 MSeed
BIO Protocol
Sep 2025Participated
$7 MSeed
MagicBlock
Apr 2025Participated
$8 MSeed
Mirai Labs
Feb 2025Led
$4 MSeed
Nectar AI
Sep 2024Led
$4 MSeed
Mira
Jul 2024Participated
$9 MSeed
Allora Labs
Jun 2024Participated
$35 MOther Equity
Gudchain
Jun 2024Led
$5 MOther Equity
Pixelverse
Jun 2024Led
$6 MOther Equity
Anzen
May 2024Participated
$4 MSeed
Param Labs Inc
May 2024Participated
$7 MSeed
Shiba Inu Coin
Apr 2024Participated
$12 MOther Equity
49
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Mechanism Capital: 49 funding rounds are recorded in the selected participation categories.All available history.
Mechanism Capital: 49 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed716
Series A08
Other Equity711

Monthly Deal Activity

Mechanism Capital: 49 deals are recorded across 67 months.All available history.
Mechanism Capital: 49 deals are recorded across 67 months. All available history
MonthDeals
Apr '211
May '212
Jun '212
Jul '212
Aug '211
Sep '210
Oct '213
Nov '213
Dec '212
Jan '224
Feb '220
Mar '222
Apr '222
May '221
Jun '220
Jul '221
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '231
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '231
Jan '241
Feb '241
Mar '242
Apr '244
May '242
Jun '243
Jul '241
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Mechanism Capital: Crypto & Blockchain is the largest displayed sector by deal count (33 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.

Mechanism Capital: Crypto & Blockchain is the largest displayed sector by deal count (33 deals). All available history
SectorDeals
Crypto & Blockchain33
Gaming & eSports16
Fintech10
AR/VR8
Enterprise Software6
AI & Machine Learning6
Networks, Cloud & Communication5
E-Commerce & Retail3
Data, Analytics & IT3
Social & Community Platforms3
Hardware & Robotics2
Media & Entertainment2
Manufacturing1
Health & Life Sciences1
Developer Tools1

Deal Size Distribution

Mechanism Capital: 49 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.

Mechanism Capital: 49 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M18
$10M-$25M10
$25M-$50M1
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Mechanism Capital: United States has the largest recorded deal count among the displayed regions (27 deals).All available history.

Top 10 of 14 regions; European countries are grouped as Europe.

Mechanism Capital: United States has the largest recorded deal count among the displayed regions (27 deals). All available history
RegionDeals
United States27
Singapore6
Canada3
Vietnam2
Europe2
Cayman Islands1
United Arab Emirates1
China1
Philippines1
Taiwan1
Mechanism 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.

Mechanism Capital: 20 co-investors are shown, with Animoca Brands sharing 12 recorded deals. All available history
Co-investorShared deals
Animoca Brands12
Delphi Digital10
Morningstar Ventures10
Framework Ventures6
Shima Capital6
Yield Guild Games6
Big Brain Holdings5
Blockchain Capital5
CoinFund5
Dragonfly5
Sfermion5
Alameda Research4
Bitscale Capital4
Coinbase Ventures4
Delphi Ventures4
Flamingo DAO4
Hashed4
Jump Capital4
Merit Circle4
OKX Ventures4

Investment Strategy

Mechanism Capital: Led accounts for 29% and participating for 71% of round participation.All available history.
Mechanism Capital: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led1429%
Participating3571%
Mechanism Capital: Single-lead accounts for 36% and co-led for 64% of lead dynamics.All available history.
Mechanism Capital: Single-lead accounts for 36% and co-led for 64% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead536%
Co-led964%

Team

Andrew Kang

Co-Founder

Brian Fakhoury

Junior Partner

Marc Weinstein

Head of Portfolio Development

Steve Cho

Partner - Head of Mech Play