
Bing Ventures
Description
Bing Ventures is a prominent Singapore-based venture capital firm established in 2021, dedicated to fostering the next generation of Web3 and blockchain innovations. The firm distinguishes itself through its early-stage investment focus, targeting pre-seed, seed, and Series A rounds for high-potential startups globally. With a clear mandate to empower entrepreneurs, Bing Ventures provides not only crucial capital but also strategic guidance, leveraging its deep industry insights and extensive network within the decentralized technology landscape. Their investment thesis revolves around identifying groundbreaking projects that are poised to redefine various sectors, from decentralized finance (DeFi) and GameFi to NFTs, metaverse, and core blockchain infrastructure.
The firm's portfolio reflects its broad yet focused approach within the Web3 ecosystem, featuring investments in over 100 projects worldwide. Notable companies within their extensive portfolio include leading names such as Sei, Manta Network, ZetaChain, and Celestia, all of which represent significant advancements in blockchain scalability, interoperability, and application layers. Bing Ventures actively seeks out ventures that demonstrate strong technological innovation, a clear market need, and a robust team capable of executing ambitious visions. Their commitment extends beyond initial funding, often involving active participation in the growth trajectory of their portfolio companies through mentorship and operational support.
Bing Ventures typically deploys first checks ranging from $500,000 to $5 million, aligning with their strategy to back promising early-stage ventures that require substantial initial capital to scale their operations and accelerate product development. This investment range allows them to be a significant partner in critical early funding rounds, often taking lead or co-lead positions. The firm's analytical rigor and forward-looking perspective enable them to identify emerging trends and disruptive technologies, positioning themselves at the forefront of the rapidly evolving Web3 space. Their strategic location in Singapore, a burgeoning hub for blockchain innovation, further enhances their access to talent and opportunities within the Asian and global markets.
Investor Profile
Bing Ventures has backed more than 22 startups, with 8 new investments in the last 12 months alone. The firm has led 1 rounds, about 5% of its total and boasts 2 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
- Majority of deals are located in United States, Singapore, Hong Kong.
- Strong thematic focus on Blockchain, Web3, Cryptocurrency.
- Led 1 rounds in the past year.
- Typical check size: $500K – $5M.
Stage Focus
- Seed (55%)
- Series Unknown (23%)
- Series A (9%)
- Pre Seed (5%)
- Angel (5%)
- Series D (5%)
Country Focus
- United States (36%)
- Singapore (18%)
- Hong Kong (14%)
- The Netherlands (5%)
- France (5%)
- Australia (5%)
- Japan (5%)
- Bermuda (5%)
Industry Focus
- Blockchain
- Web3
- Cryptocurrency
- Gaming
- Financial Services
- Fintech
- Artificial Intelligence (Ai)
- Decentralized Finance (Defi)
- Information Technology
- Video Games
Frequently Asked Questions
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