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The Venture Codex

No Limit Holdings

Ugland House, Grand Cayman, KY1-1104, CAYMAN ISLANDS

Overview

Investment partnership focused on global crypto assets and blockchain.

Deals · 12mo

4

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Germany
United States

Sector focus

—

Investment portfolio

20rounds
NAMEDATESIZE
Chomp
Aug 2026Participated
$4 MOther Equity
Techdollar
Jun 2026Led
$3 MSeed
ARO Network
Mar 2026Led
$5 MOther Equity
Akave
Mar 2026Participated
$7 MSeed
Impossible Cloud
Jul 2025Participated
$33 MOther Equity
Resolv Labs
Apr 2025Participated
$10 MSeed
Imua
Feb 2025Led
$5 MSeed
Mento Labs
Oct 2024Participated
$10 MOther Equity
BSX
Aug 2024Participated
$4 MSeed
Blockless
May 2024Participated
$8 MSeed
Carv
Apr 2024Participated
$10 MSeries A
Rug.ai
Apr 2024Led
$1 MSeed
Chomp
Aug 2026Participated
$4 MOther Equity
Techdollar
Jun 2026Led
$3 MSeed
ARO Network
Mar 2026Led
$5 MOther Equity
Akave
Mar 2026Participated
$7 MSeed
Impossible Cloud
Jul 2025Participated
$33 MOther Equity
Resolv Labs
Apr 2025Participated
$10 MSeed
Imua
Feb 2025Led
$5 MSeed
Mento Labs
Oct 2024Participated
$10 MOther Equity
BSX
Aug 2024Participated
$4 MSeed
Blockless
May 2024Participated
$8 MSeed
Carv
Apr 2024Participated
$10 MSeries A
Rug.ai
Apr 2024Led
$1 MSeed
20
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Insights

Time horizon

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Deal Distribution

No Limit Holdings: 20 funding rounds are recorded in the selected participation categories.All available history.
No Limit Holdings: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed47
Series A01
Other Equity17

Monthly Deal Activity

No Limit Holdings: 20 deals are recorded across 42 months.All available history.
No Limit Holdings: 20 deals are recorded across 42 months. All available history
MonthDeals
May '231
Jun '232
Jul '230
Aug '231
Sep '232
Oct '230
Nov '231
Dec '230
Jan '240
Feb '240
Mar '241
Apr '242
May '241
Jun '240
Jul '240
Aug '241
Sep '240
Oct '241
Nov '240
Dec '240
Jan '250
Feb '251
Mar '250
Apr '251
May '250
Jun '250
Jul '251
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '262
Apr '260
May '260
Jun '261
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

No Limit Holdings: Crypto & Blockchain is the largest displayed sector by deal count (11 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.

No Limit Holdings: Crypto & Blockchain is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Crypto & Blockchain11
Cybersecurity & Privacy5
Fintech5
Enterprise Software4
AI & Machine Learning4
Data, Analytics & IT3
Marketing & Advertising3
Networks, Cloud & Communication2
Manufacturing2
Health & Life Sciences2
Government & Defense1
Space & Frontier Tech1
Transportation & Logistics1
Hardware & Robotics1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

No Limit Holdings: 20 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.

No Limit Holdings: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M7
$10M-$25M4
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

No Limit Holdings: United States has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

No Limit Holdings: United States has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
United States9
Europe6
Singapore1
Puerto Rico1
South Korea1
63001
United Arab Emirates1
No Limit Holdings: 20 co-investors are shown, with NGC Ventures sharing 4 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.

No Limit Holdings: 20 co-investors are shown, with NGC Ventures sharing 4 recorded deals. All available history
Co-investorShared deals
NGC Ventures4
Coinbase Ventures3
Draper Dragon3
Fenbushi Capital3
IOSG Ventures3
MH Ventures3
1kx2
A Capital2
Big Brain Holdings2
Cogitent Ventures2
Dokia Capital2
Factor2
Greenfield One2
Hashed2
HashKey Capital2
KXVC2
Lemniscap2
Mission Street2
Polychain Capital2
Polygon Ventures2

Investment Strategy

No Limit Holdings: Led accounts for 25% and participating for 75% of round participation.All available history.
No Limit Holdings: Led accounts for 25% and participating for 75% of round participation. All available history
CategoryDeals (count)Share (%)
Led525%
Participating1575%
No Limit Holdings: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
No Limit Holdings: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead480%
Co-led120%

Team

Gin Chao

Founding partner

Malcolm Shu

General Partner