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FBG Capital

Asia, Central Region, Singapore, Singapore

Description

FBG Capital is a prominent digital asset management firm and blockchain-focused investment fund, primarily operating out of Singapore, with historical roots in China. Established as a significant player in the nascent blockchain industry, FBG Capital gained considerable recognition during the initial coin offering (ICO) boom, positioning itself as a key strategic investor in numerous foundational blockchain projects. The firm's investment thesis centers on identifying and supporting innovative technologies and protocols that drive the evolution of the decentralized web, encompassing areas such as blockchain infrastructure, decentralized finance (DeFi), GameFi, and broader Web3 applications.

The firm is known for its hands-on approach, often providing strategic guidance, market insights, and liquidity support to its portfolio companies. FBG Capital's investment strategy is flexible, engaging in both equity and token-based investments, allowing them to participate across various stages of a project's development. Their extensive portfolio includes early and strategic investments in well-known projects such as Polkadot, Filecoin, Aelf, and Zilliqa, demonstrating their foresight in identifying future industry leaders. As of 2018, FBG Capital was reported to manage over $400 million in digital assets, underscoring its substantial presence and influence within the crypto ecosystem.

With a track record spanning several years, FBG Capital has made over 100 reported investments, solidifying its reputation as a prolific and influential investor in the digital asset space. Their typical first cheque sizes can vary significantly depending on the stage and nature of the investment, ranging from seed-stage participations to larger strategic allocations in private sales. They generally target projects with strong technological foundations and clear market potential, aiming to foster long-term growth and adoption within the blockchain landscape.

Investor Profile

FBG Capital has backed more than 76 startups, with 4 new investments in the last 12 months alone. The firm has led 7 rounds, about 9% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Initial Coin Offering, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Singapore, China.
  • Strong thematic focus on Blockchain, Cryptocurrency, Financial Services.
  • Typical check size: $250K – $5M.

Stage Focus

  • Seed (54%)
  • Initial Coin Offering (14%)
  • Series A (14%)
  • Series Unknown (9%)
  • Pre Seed (4%)
  • Corporate Round (1%)
  • Angel (1%)
  • Series B (1%)

Country Focus

  • United States (39%)
  • Singapore (22%)
  • China (8%)
  • United Kingdom (7%)
  • Hong Kong (4%)
  • Canada (4%)
  • Australia (4%)
  • Taiwan (3%)
  • Estonia (1%)
  • Germany (1%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • Information Technology
  • Fintech
  • Software
  • Web3
  • Gaming
  • Metaverse
  • Bitcoin
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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 FBG Capital frequently co-invest with?

OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 7
Arrington XRP Capital
North America, Washington, United States, Seattle
Co-Investments: 7
GBV Capital
North America, Midland, Cayman Islands, Grand Cayman
Co-Investments: 7
LD Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 9
GBIC
North America, New York, United States, New York
Co-Investments: 10
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 10
Kenetic
Asia, Hong Kong Island, Hong Kong, Central
Co-Investments: 7
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 6
Polychain
North America, California, United States, San Francisco
Co-Investments: 9
Signum Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 8

Which angels does FBG Capital often collaborate with?

Shared Deals: 1
Heslin Kim
Asia, South Korea
Shared Deals: 1
RT
Asia, Central Region, Singapore, Singapore
Shared Deals: 1
PG
Europe, England, United Kingdom, London
Shared Deals: 1
BA
North America, California, United States, San Francisco
Shared Deals: 2
BG
Asia, Dubai, United Arab Emirates
Shared Deals: 1
Shared Deals: 1
GB
North America, California, United States, San Francisco
Shared Deals: 2
RD
Asia, Dubai, United Arab Emirates
Shared Deals: 1
Yue Wang
Asia, Beijing, China, Beijing
Shared Deals: 1

What are some of recent deals done by FBG Capital?

HashPower

Hong Kong, Hong Kong Island, Hong Kong

HashPower is a professional blockchain expert that provides investors seamless access to blockchain mining.

BlockchainCryptocurrencyFinance
SeedJun 5, 2025
Amount Raised: $4,000,000
Inferix Labs

Singapore, Central Region, Singapore

Inferix Labs is ​​a decentralized GPU network that provides GPU visual computing solutions dedicated to 3D/AR/VR rendering and AI inference.

Artificial Intelligence (AI)BlockchainGPU
SeedDec 19, 2024
Amount Raised: $2,600,000
Masa

San Francisco, California, United States

Masa is a developer of a decentralized data marketplace where users get compensated for their data contribution.

BlockchainData ManagementWeb3
Series UnknownDec 18, 2024
Skyfire Systems

San Francisco, California, United States

Skyfire Systems is a provider of a payment network for AI.

Artificial Intelligence (AI)Financial ServicesPayments
SeedAug 21, 2024
Amount Raised: $8,500,000
Swan Chain

Toronto, Ontario, Canada

Swan Chain develops a storage and computing infrastructure layer for Web3.

BlockchainCloud ComputingCryptocurrencyInformation TechnologyIT InfrastructureWeb3
SeedJul 23, 2024
Amount Raised: $3,000,000
XRADERS

Singapore, Central Region, Singapore

XRADERS enables investors to make smart choices and experts can share unique market insights.

Information ServicesService Industry
SeedApr 2, 2024
Amount Raised: $2,100,000
Poglin

New York, New York, United States

Poglin is a metaverse game IP developer and operator specializes in producing rich and engaging gaming environments.

BlockchainDigital EntertainmentIntellectual Property
SeedNov 21, 2023
Amount Raised: $3,000,000
RepubliK GG

Singapore, Central Region, Singapore

RepubliK GG specializes in developing a suite of tools for creators.

AppsContent CreatorsSocial
SeedOct 10, 2023
Amount Raised: $6,000,000
Swan Chain

Toronto, Ontario, Canada

Swan Chain develops a storage and computing infrastructure layer for Web3.

BlockchainCloud ComputingCryptocurrencyInformation TechnologyIT InfrastructureWeb3
SeedJan 16, 2023
Amount Raised: $3,000,000
Frontrunner

New York, New York, United States

Decentralized Sports Prediction Market

BlockchainGamingSports
SeedDec 14, 2022
Amount Raised: $4,750,000