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Dewhales Capital

Description

Dewhales Capital is a venture capital firm established in 2021 and based in Singapore, specializing in early-stage investments within the rapidly evolving crypto market. The firm primarily focuses on disruptive projects leveraging Web3, artificial intelligence (AI), and blockchain technologies. Their investment philosophy centers on identifying innovative solutions with strong underlying fundamentals, aiming to support the foundational infrastructure and applications of the decentralized web.

Since its inception, Dewhales Capital has built a diverse portfolio, demonstrating an active presence in significant early-stage funding rounds. The firm is known for participating in syndicated seed and strategic rounds, often alongside other prominent crypto-focused venture funds. For instance, they were a participant in MetaCene's $10 million seed round and Ultiverse's $4.5 million seed round, showcasing their commitment to emerging gaming and metaverse projects. Their portfolio includes over 14 investments, spanning various sub-sectors within the Web3 ecosystem, from infrastructure to gaming and decentralized finance (DeFi).

Beyond capital injection, Dewhales Capital emphasizes providing strategic guidance, operational support, and access to its extensive network within the blockchain and AI industries. This hands-on approach aims to accelerate the growth and market penetration of their portfolio companies. While specific check sizes are not publicly disclosed, their consistent participation in multi-million dollar seed rounds suggests typical initial investments range from the low to high six figures, reflecting their role as a key early-stage contributor in the competitive crypto venture landscape.

Investor Profile

Dewhales Capital has backed more than 22 startups, with 9 new investments in the last 12 months alone. The firm has led 2 rounds, about 9% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in Singapore, United States, Estonia.
  • Strong thematic focus on Blockchain, Cryptocurrency, Decentralized Finance (DeFi).
  • Led 1 rounds in the past year.
  • Typical check size: $100K – $1M.

Stage Focus

  • Seed (82%)
  • Series A (9%)
  • Series Unknown (5%)
  • Pre Seed (5%)

Country Focus

  • Singapore (23%)
  • United States (14%)
  • Estonia (9%)
  • Cayman Islands (5%)
  • United Kingdom (5%)
  • Spain (5%)
  • United Arab Emirates (5%)
  • Marshall Islands (5%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Decentralized Finance (Defi)
  • Financial Services
  • Web3
  • Finance
  • Trading Platform
  • Information Technology
  • Fintech
  • Software
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Dewhales Capital frequently co-invest with?

Amber Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Animoca Ventures
North America, Midland, Cayman Islands, Grand Cayman
Co-Investments: 3
GSR
Europe, England, United Kingdom, London
Co-Investments: 3
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 2
Unreal Capital
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 3
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Binance Labs
Europe, NA - Malta, Malta, Birkirkara
Co-Investments: 3
Dutch Crypto Investors
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 3
ConsenSys
North America, New York, United States, Brooklyn
Co-Investments: 2
Founderheads,
Europe, Vilniaus Apskritis, Lithuania, Vilnius
Co-Investments: 3

Which angels does Dewhales Capital often collaborate with?

Shared Deals: 1
GL
Europe, Berlin, Germany, Berlin
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
Jia Yaoqi
Asia, Singapore
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Dewhales Capital?

Gata uses data technology to develop superintelligence and to ensure its alignment with human objectives.

Artificial Intelligence (AI)Data IntegrationData Management
SeedApr 30, 2025
Amount Raised: $4,000,000
MSafe

San Francisco, California, United States

MSafe provides secure wallet services for decentralized financial systems.

Asset ManagementBlockchainFinTechInformation Technology
SeedApr 3, 2025
Amount Raised: $5,000,000

Aegis develops web applications on the Ethereum blockchain, enabling users to manage YUSD-a delta-neutral stablecoin.

BlockchainFinancial ServicesWeb Apps
Pre SeedFeb 25, 2025
Amount Raised: $2,000,000

InceptionLRT is a standalone liquid restaking protocol designed specifically for Liquid Staking Tokens (LSTs).

BlockchainDecentralized Finance (DeFi)Web3
SeedJan 29, 2025
Amount Raised: $3,500,000

Mind AI is a trading insights platform that offers elite insights to the investors for a competitive edge in the fast-moving crypto markets.

Artificial Intelligence (AI)CryptocurrencyTrading Platform
SeedJan 17, 2025
Amount Raised: $1,200,000

Haedal Protocol is a ecosystem liquidity pledge protocol provider

Blockchain
SeedJan 3, 2025
Folks Finance

Majuro, NA - Marshall Islands, Marshall Islands

Folks Finance is the Innovative DeFi platform to lend, borrow, trade and manage digital assets, all in one place.

BlockchainCryptocurrencyFinancial ServicesFinTechSoftware
Series ANov 14, 2024
Amount Raised: $3,200,000
Hana Network

Dubai, Dubai, United Arab Emirates

Hana Network is a software development company that develops and manages cryptocurrency and blockchain transactions.

AppsBlockchainCryptocurrency
SeedOct 25, 2024
Amount Raised: $4,000,000
Ammalgam

Singapore, Central Region, Singapore

Ammalgam is a new primitive that integrates lending and trading into a single protocol known as a Decentralized Lending Exchange (DLEX).

BlockchainCryptocurrencyDecentralized Finance (DeFi)Web3
SeedSep 10, 2024
Amount Raised: $2,500,000
ZKX

Madrid, Madrid, Spain

ZKX is a permissionless protocol for derivatives built on StarkNet.

BlockchainInternet
SeedJun 19, 2024
Amount Raised: $7,600,000