The Venture Codex Logo

The Venture Codex

Waterdrip Capital

Shanghai, China

Overview

Investment firm focused on blockchain industries.

Founded

2017

Deals ยท 12mo

3

Stage focus

Seed

Geographic focus

Australia
Hong Kong
Singapore
United Arab Emirates
...

Sector focus

Blockchain
Finance
Financial Services
Impact Investing
...

Investment portfolio

27rounds
NAMEDATESIZE
DGrid
Jul 2026Participated
$5 MSeed
ChimpX
Apr 2026Led
$3 MSeed
ZENi
Nov 2025Led
$2 MSeed
HolmesAI
Aug 2025Participated
$3 MSeed
Nubila
Jul 2024Participated
$3 MOther Equity
Parasail
May 2024Participated
$4 MSeed
Metale Protocol
May 2024Led
$2 MSeed
Zulu Network
Apr 2024Participated
$3 MSeed
dappOS
Apr 2024Participated
$15 MSeries A
BEVM
Mar 2024Participated
$10 MSeed
CrystalFun
Feb 2024Participated
$5 MSeed
4Everland
Dec 2023Participated
$2 MOther Equity
DGrid
Jul 2026Participated
$5 MSeed
ChimpX
Apr 2026Led
$3 MSeed
ZENi
Nov 2025Led
$2 MSeed
HolmesAI
Aug 2025Participated
$3 MSeed
Nubila
Jul 2024Participated
$3 MOther Equity
Parasail
May 2024Participated
$4 MSeed
Metale Protocol
May 2024Led
$2 MSeed
Zulu Network
Apr 2024Participated
$3 MSeed
dappOS
Apr 2024Participated
$15 MSeries A
BEVM
Mar 2024Participated
$10 MSeed
CrystalFun
Feb 2024Participated
$5 MSeed
4Everland
Dec 2023Participated
$2 MOther Equity
27
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Waterdrip Capital: 27 funding rounds are recorded in the selected participation categories.All available history.
Waterdrip Capital: 27 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed313
Series A02
Other Equity17
ICO01

Monthly Deal Activity

Waterdrip Capital: 27 deals are recorded across 75 months.All available history.
Waterdrip Capital: 27 deals are recorded across 75 months. All available history
MonthDeals
Aug '201
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '212
Apr '211
May '213
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '230
Dec '231
Jan '240
Feb '241
Mar '241
Apr '242
May '242
Jun '240
Jul '241
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 '251
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Waterdrip Capital: Crypto & Blockchain is the largest displayed sector by deal count (21 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.

Waterdrip Capital: Crypto & Blockchain is the largest displayed sector by deal count (21 deals). All available history
SectorDeals
Crypto & Blockchain21
Fintech9
Enterprise Software8
AI & Machine Learning4
Media & Entertainment3
Data, Analytics & IT3
Networks, Cloud & Communication2
Cybersecurity & Privacy1
AR/VR1
Clean Energy & Sustainability1
Gaming & eSports1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Waterdrip Capital: 27 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.

Waterdrip Capital: 27 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M19
$5M-$10M5
$10M-$25M3
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Waterdrip Capital: Singapore has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 10 of 12 regions; European countries are grouped as Europe.

Waterdrip Capital: Singapore has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Singapore7
United States4
Europe4
United Arab Emirates2
Australia2
Hong Kong2
Cayman Islands1
British Virgin Islands1
208151
Canada1
Waterdrip Capital: 20 co-investors are shown, with AU21 Capital sharing 6 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

Waterdrip Capital: Led accounts for 15% and participating for 85% of round participation.All available history.
Waterdrip Capital: Led accounts for 15% and participating for 85% of round participation. All available history
CategoryDeals (count)Share (%)
Led415%
Participating2385%
Waterdrip Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Waterdrip Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led4100%

Team

Jademont

Co-founder

Peicai Li

Founder