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The Venture Codex

Overview

Strategic investment vehicle and institutional owner of cryptocurrencies.

Founded

2017

Deals ยท 12mo

2

Stage focus

Seed

Geographic focus

Hong Kong
Singapore
United States

Sector focus

Blockchain
Financial Services
Venture Capital

Investment portfolio

91rounds
NAMEDATESIZE
Walapay
Oct 2026Participated
$5 MSeed
Uniblock
Mar 2026Participated
$5 MOther Equity
Optimum
Apr 2025Participated
$11 MSeed
usdx.money
Dec 2024Participated
$45 MOther Equity
Airstack
Oct 2024Participated
$4 MSeed
Liquidium
Oct 2024Participated
$3 MSeed
Deesse
Oct 2024Participated
$2 MSeed
CUDIS
Sep 2024Participated
$5 MSeed
Ammalgam
Sep 2024Participated
$3 MOther Equity
Ion Protocol
Aug 2024Participated
$5 MOther Equity
MyAvana
Aug 2024Participated
$6 MSeed
ZKEX
Jul 2024Participated
$3 MSeed
Walapay
Oct 2026Participated
$5 MSeed
Uniblock
Mar 2026Participated
$5 MOther Equity
Optimum
Apr 2025Participated
$11 MSeed
usdx.money
Dec 2024Participated
$45 MOther Equity
Airstack
Oct 2024Participated
$4 MSeed
Liquidium
Oct 2024Participated
$3 MSeed
Deesse
Oct 2024Participated
$2 MSeed
CUDIS
Sep 2024Participated
$5 MSeed
Ammalgam
Sep 2024Participated
$3 MOther Equity
Ion Protocol
Aug 2024Participated
$5 MOther Equity
MyAvana
Aug 2024Participated
$6 MSeed
ZKEX
Jul 2024Participated
$3 MSeed
91
Items
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Insights

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Deal Distribution

NGC Ventures: 91 funding rounds are recorded in the selected participation categories.All available history.
NGC Ventures: 91 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed340
Series A210
Series B10
Other Equity826
ICO01

Monthly Deal Activity

NGC Ventures: 91 deals are recorded across 188 months.All available history.
NGC Ventures: 91 deals are recorded across 188 months. All available history
MonthDeals
Mar '111
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '181
Oct '181
Nov '181
Dec '180
Jan '191
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '192
Aug '193
Sep '191
Oct '192
Nov '190
Dec '190
Jan '201
Feb '200
Mar '201
Apr '200
May '200
Jun '200
Jul '200
Aug '201
Sep '204
Oct '201
Nov '201
Dec '202
Jan '210
Feb '210
Mar '211
Apr '212
May '214
Jun '211
Jul '211
Aug '212
Sep '213
Oct '212
Nov '211
Dec '211
Jan '222
Feb '221
Mar '221
Apr '221
May '220
Jun '220
Jul '221
Aug '220
Sep '221
Oct '222
Nov '221
Dec '221
Jan '230
Feb '230
Mar '232
Apr '232
May '233
Jun '232
Jul '231
Aug '231
Sep '230
Oct '230
Nov '231
Dec '232
Jan '243
Feb '243
Mar '240
Apr '241
May '242
Jun '240
Jul '241
Aug '242
Sep '242
Oct '243
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

NGC Ventures: Crypto & Blockchain is the largest displayed sector by deal count (67 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.

NGC Ventures: Crypto & Blockchain is the largest displayed sector by deal count (67 deals). All available history
SectorDeals
Crypto & Blockchain67
Fintech38
Networks, Cloud & Communication18
Gaming & eSports9
Enterprise Software7
AR/VR6
Cybersecurity & Privacy5
Media & Entertainment5
AI & Machine Learning5
Developer Tools5
Data, Analytics & IT4
Social & Community Platforms4
E-Commerce & Retail3
Consumer & Lifestyle3
Health & Life Sciences3
Professional Services3
Marketing & Advertising2
Travel & Hospitality1
Transportation & Logistics1

Deal Size Distribution

NGC Ventures: 91 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.

NGC Ventures: 91 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M51
$5M-$10M21
$10M-$25M14
$25M-$50M5
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

NGC Ventures: United States has the largest recorded deal count among the displayed regions (31 deals).All available history.

Top 10 of 19 regions; European countries are grouped as Europe.

NGC Ventures: United States has the largest recorded deal count among the displayed regions (31 deals). All available history
RegionDeals
United States31
Singapore13
Europe13
Hong Kong6
Canada4
Seychelles4
Cayman Islands3
China3
South Korea3
New Zealand2
NGC Ventures: 20 co-investors are shown, with YZI Labs sharing 9 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.

Investment Strategy

NGC Ventures: Led accounts for 15% and participating for 85% of round participation.All available history.
NGC Ventures: Led accounts for 15% and participating for 85% of round participation. All available history
CategoryDeals (count)Share (%)
Led1415%
Participating7785%
NGC Ventures: Single-lead accounts for 29% and co-led for 71% of lead dynamics.All available history.
NGC Ventures: Single-lead accounts for 29% and co-led for 71% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead429%
Co-led1071%

Team

Andrea Hsin Tzu Zhang

Investment Director

Jack L.

Partner

Roger Lin

Founding Partner

Tony Gu

Founding Partner

Tony Tao

Founder

Wayne Zhu

Founding Partner