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Everest Ventures Group

Asia, Hong Kong Island, Hong Kong, Hong Kong

Description

Everest Ventures Group (EVG) is a prominent Hong Kong-based venture studio and investment firm specializing in the digital asset and blockchain technology sectors. Established in 2018, EVG operates with a dual mandate: to actively build and incubate its own ventures while also making strategic investments in promising external projects. Their overarching mission is to accelerate the mass adoption of Web3 technologies, positioning themselves as a key player in the evolving decentralized landscape.

The firm's investment strategy is highly focused on early-stage opportunities across the entire Web3 ecosystem. EVG actively seeks out innovative projects in areas such as decentralized finance (DeFi), GameFi, non-fungible tokens (NFTs), metaverse applications, and core blockchain infrastructure. As a venture studio, EVG often provides more than just capital, offering significant operational support, strategic guidance, and access to a robust network, which is particularly valuable for nascent blockchain startups. Their global outlook ensures they invest in projects worldwide, not just within Asia.

EVG has built an extensive portfolio, having invested in over 100 Web3 projects since its inception. This broad engagement underscores their commitment to fostering diverse innovations within the space. Their strategic early investments have yielded significant results, with their portfolio companies collectively raising over $100 million in subsequent funding rounds from other investors. This demonstrates EVG's ability to identify and nurture projects with high growth potential, contributing substantially to the development and maturation of the global Web3 economy.

Investor Profile

Everest Ventures Group has backed more than 28 startups, with 5 new investments in the last 12 months alone. The firm has led 2 rounds, about 7% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Singapore, United States, Vietnam.
  • Strong thematic focus on Blockchain, Cryptocurrency, Gaming.
  • Typical check size: $250K – $3M.

Stage Focus

  • Seed (50%)
  • Series Unknown (32%)
  • Series A (7%)
  • Corporate Round (4%)
  • Angel (4%)
  • Pre Seed (4%)

Country Focus

  • Singapore (32%)
  • United States (18%)
  • Vietnam (7%)
  • Japan (7%)
  • Taiwan (4%)
  • Canada (4%)
  • Argentina (4%)
  • Hong Kong (4%)
  • Nigeria (4%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Gaming
  • Metaverse
  • Financial Services
  • Fintech
  • Information Technology
  • Online Games
  • Video Games
  • Artificial Intelligence (Ai)
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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 Everest Ventures Group frequently co-invest with?

Tess Ventures
North America, California, United States, Menlo Park
Co-Investments: 6
SevenX Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
Mirana
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 5
Infinity Ventures Crypto
Asia, T'ai-pei, Taiwan, Taipei
Co-Investments: 5
LD Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 4
SNZ Holding
North America, New York, United States, Ronkonkoma
Co-Investments: 4
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 7
Genblock Capital
North America, California, United States, San Francisco
Co-Investments: 4
LB
Asia, Zhejiang, China, Hangzhou
Co-Investments: 4

Which angels does Everest Ventures Group often collaborate with?

Antonny Liem
Asia, Jakarta Raya, Indonesia, Jakarta
Shared Deals: 1
Kevin Shao
Asia, Zhejiang, China, Hangzhou
Shared Deals: 1
XL
North America, California, United States, San Francisco
Shared Deals: 1
AA
North America, New York, United States, New York
Shared Deals: 1
Dave Wang
North America, Florida, United States, Miami
Shared Deals: 1
CG
North America, New York, United States, New York
Shared Deals: 1
AS
Europe, Sardegna, Italy, Palau
Shared Deals: 1
CV
Asia, Krung Thep, Thailand, Bangkok
Shared Deals: 1
JW
Asia, Hong Kong Island, Hong Kong, Sai Wan
Shared Deals: 1
CF
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1

What are some of recent deals done by Everest Ventures Group?

Cooking.City is the Solana ecosystem token issuance platform.

BlockchainCryptocurrency
Series UnknownMay 30, 2025
Amount Raised: $7,000,000

Cooking.city is a Solana ecosystem token issuance platform that focuses on making token launches transparent and equal for all participants.

BlockchainNon-Fungible Token (NFT)Web3
Series UnknownMay 30, 2025
Amount Raised: $7,000,000

T-Rex, a new blockchain ecosystem created specifically for consumer-facing applications, aims to revolutionize the Web3 attention layer.

AppsBlockchainWeb3
Pre SeedMay 8, 2025
Amount Raised: $17,000,000
PuffPaw

Los Angeles, California, United States

PuffPaw is an e-cigarette maker that uses blockchain technology to track its consumers' smoking behavior.

Manufacturing
SeedSep 5, 2024
Amount Raised: $6,000,000

Open Social is a company that focuses on creating a decentralized and sustainable ecosystem for creators and Dapp developers.

BlockchainCryptocurrency
Series UnknownJul 24, 2024
Amount Raised: $6,000,000

Igloo creating the onchain community, propelling the consumer cryptocurrency revolution.

BlockchainCryptocurrency
Series UnknownJul 23, 2024
Amount Raised: $11,000,000
Holdstation

Ho Chi Minh City, NA - Vietnam, Vietnam

Research Labs, Blockchain News & Hidden Gems

Blockchain
Series UnknownJun 12, 2024
Aligned Layer

Buenos Aires, Distrito Federal, Argentina

Universal Verification Layer for Ethereum using Eigenlayer

Cryptocurrency
Series AApr 25, 2024
Amount Raised: $20,000,000
ZTX

Singapore, Central Region, Singapore

ZTX is a web-3 virtual world that supports communities and creators.

BlockchainVirtual Assistant
SeedAug 15, 2023
Amount Raised: $13,000,000
Conductive.ai

Central, Hong Kong Island, Hong Kong

Conductive.ai creates software for game developers to reward player engagement.

Information TechnologySoftware
SeedAug 2, 2023