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Token Bay Capital

Suite 2606, 26/F, Prosperity Tower, 39 Queen's Road, Hong Kong, Hong Kong Island

Overview

Early-stage venture fund investing in digital assets and blockchain.

Founded

2021

Deals · 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Hong Kong
Israel
Singapore
United States

Sector focus

—

Investment portfolio

10rounds
NAMEDATESIZE
Moongate
Apr 2024Participated
$3 MSeed
MANTRA
Mar 2024Participated
$11 MOther Equity
Taiko Labs
Mar 2024Led
$15 MSeries A
dWallet Labs
Aug 2022Participated
$5 MSeed
SOMA.finance
Jan 2022Participated
$7 MSeed
Infinity Force
Jan 2022Participated
$6 MSeed
Talon
Nov 2021Participated
$5 MSeries A
Hex Trust
Oct 2021Participated
$10 MOther Equity
Merkle Science
Sep 2021Participated
$6 MSeries A
Aspen Digital
Aug 2021Participated
$9 MSeries A
Moongate
Apr 2024Participated
$3 MSeed
MANTRA
Mar 2024Participated
$11 MOther Equity
Taiko Labs
Mar 2024Led
$15 MSeries A
dWallet Labs
Aug 2022Participated
$5 MSeed
SOMA.finance
Jan 2022Participated
$7 MSeed
Infinity Force
Jan 2022Participated
$6 MSeed
Talon
Nov 2021Participated
$5 MSeries A
Hex Trust
Oct 2021Participated
$10 MOther Equity
Merkle Science
Sep 2021Participated
$6 MSeries A
Aspen Digital
Aug 2021Participated
$9 MSeries A
10
Items
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Insights

Time horizon

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Deal Distribution

Token Bay Capital: 10 funding rounds are recorded in the selected participation categories.All available history.
Token Bay Capital: 10 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed04
Series A13
Other Equity02

Monthly Deal Activity

Token Bay Capital: 10 deals are recorded across 63 months.All available history.
Token Bay Capital: 10 deals are recorded across 63 months. All available history
MonthDeals
Aug '211
Sep '211
Oct '211
Nov '211
Dec '210
Jan '222
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '242
Apr '241
May '240
Jun '240
Jul '240
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 '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Token Bay Capital: Crypto & Blockchain is the largest displayed sector by deal count (9 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.

Token Bay Capital: Crypto & Blockchain is the largest displayed sector by deal count (9 deals). All available history
SectorDeals
Crypto & Blockchain9
Fintech4
Networks, Cloud & Communication3
Media & Entertainment3
Gaming & eSports2
Developer Tools1
Consumer & Lifestyle1
Marketing & Advertising1
E-Commerce & Retail1
Professional Services1
Data, Analytics & IT1

Deal Size Distribution

Token Bay Capital: 10 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.

Token Bay Capital: 10 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M6
$10M-$25M3
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Token Bay Capital: Hong Kong has the largest recorded deal count among the displayed regions (4 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Token Bay Capital: Hong Kong has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
Hong Kong4
United States2
Singapore2
United Arab Emirates1
Israel1
Token Bay Capital: 20 co-investors are shown, with Animoca Brands 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.

Token Bay Capital: 20 co-investors are shown, with Animoca Brands sharing 4 recorded deals. All available history
Co-investorShared deals
Animoca Brands4
GSR3
Kenetic Capital3
BCW Group2
Double Peak2
Hex Trust2
Mind Fund2
OKX Ventures2
0x Ventures1
280 Capital1
AK Partners1
Algorand Foundation1
AlphaLab Capital1
Amber Group1
Amplify Partners1
Arete Capital Asia1
BlackPine1
Borderless Capital1
Cell Rising Capital1
Cerulean Ventures1

Investment Strategy

Token Bay Capital: Led accounts for 10% and participating for 90% of round participation.All available history.
Token Bay Capital: Led accounts for 10% and participating for 90% of round participation. All available history
CategoryDeals (count)Share (%)
Led110%
Participating990%
Token Bay Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Token Bay Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Lucy Gazmararian

Founder & Managing Partner