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INBlockchain

Asia, Beijing, China, Beijing

Description

INBlockchain, based in Beijing, China, emerged as a highly influential investment group within the global blockchain ecosystem. Founded by Li Xiaolai, a prominent figure and early Bitcoin millionaire in China, the firm quickly established itself as a key player during the nascent stages of the cryptocurrency boom, particularly from 2017 onwards. Its strategic focus was on identifying and backing foundational projects that aimed to shape the future of decentralized technologies, positioning itself at the forefront of the digital asset revolution.

The firm's investment portfolio showcases a strong inclination towards public blockchain infrastructure, decentralized applications (DApps), and cryptocurrency exchanges. Notably, INBlockchain was an early and significant investor in projects that later became industry giants, including EOS, Qtum, NEO, Tron, and the leading cryptocurrency exchange, Binance. Their strategy often involved participating in early token sales and initial coin offerings (ICOs), providing crucial capital and strategic support to promising ventures. This early-stage involvement allowed them to gain substantial influence and returns as the blockchain market matured.

While specific individual investment amounts are not publicly disclosed, the scale of INBlockchain's ambition was evident through its reported fundraising efforts. For instance, INB Capital, an associated fund, was reportedly aiming to raise 10 billion yuan (approximately $1.5 billion at the time) for blockchain investments, underscoring the substantial capital it intended to deploy. As of early 2020s, Crunchbase indicates that INBlockchain has made at least 13 investments, highlighting its active participation across various segments of the blockchain industry. Its early foresight and significant capital deployment cemented its reputation as a formidable force in shaping the early landscape of the decentralized web.

Investor Profile

INBlockchain has backed more than 21 startups, with 0 new investments in the last 12 months alone. The firm has led 2 rounds, about 10% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Initial Coin Offering rounds (top funding stages).
  • Majority of deals are located in United States, Hong Kong, China.
  • Strong thematic focus on Blockchain, Cryptocurrency, Information Technology.

Stage Focus

  • Seed (38%)
  • Series A (24%)
  • Initial Coin Offering (14%)
  • Series B (10%)
  • Series Unknown (10%)
  • Pre Seed (5%)

Country Focus

  • United States (62%)
  • Hong Kong (10%)
  • China (10%)
  • Panama (5%)
  • Canada (5%)
  • Ireland (5%)
  • Singapore (5%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Information Technology
  • Financial Services
  • Fintech
  • Payments
  • Enterprise Software
  • Software
  • Information Services
  • Computer
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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 INBlockchain frequently co-invest with?

Bain Capital Ventures
North America, California, United States, San Francisco
Co-Investments: 3
A.Capital Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
ZhenFund
Asia, Beijing, China, Beijing
Co-Investments: 3
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 2
Node Capital
Asia, Beijing, China, Beijing
Co-Investments: 3
Hack VC
North America, California, United States, San Francisco
Co-Investments: 3
Dragonfly
North America, California, United States, San Francisco
Co-Investments: 4
Collaborative Fund
North America, New York, United States, New York
Co-Investments: 3
Bessemer Venture Partners
North America, California, United States, San Francisco
Co-Investments: 3
P
North America, California, United States, San Francisco
Co-Investments: 4

Which angels does INBlockchain often collaborate with?

JM
North America, California, United States, San Francisco
Shared Deals: 1
VH
North America, New York, United States, New York
Shared Deals: 1
GB
North America, California, United States, San Francisco
Shared Deals: 1
Xiaolai Li
Asia, Beijing, China, Beijing
Shared Deals: 1
MA
North America, California, United States, San Francisco
Shared Deals: 1
DS
North America, Washington, United States, Seattle
Shared Deals: 1

What are some of recent deals done by INBlockchain?

Replit

San Francisco, California, United States

Replit is a browser-based integrated development environment for cross-platform collaborative coding.

Artificial Intelligence (AI)Cloud ComputingDeveloper ToolsInformation TechnologySoftware
Series BDec 9, 2021
Amount Raised: $80,000,000
MobileCoin

San Francisco, California, United States

MobileCoin is a cryptocurrency platform that provides anti-fraud services and payment systems for merchants.

CryptocurrencyFinTechMobilePayments
Series AMar 9, 2021
Amount Raised: $11,350,000
Saito

Central, Hong Kong Island, Hong Kong

Saito is a blockchain designed to process terabytes of data.

BlockchainEnterprise Software
SeedFeb 20, 2021
Amount Raised: $2,400,000
Sia

Boston, Massachusetts, United States

Sia is the leading decentralized cloud storage platform.

BlockchainCryptocurrency
SeedSep 22, 2020
Amount Raised: $3,000,000
Skynet Labs

Boston, Massachusetts, United States

Skynet is an open protocol for hosting data and web applications on the decentralized web.

Application Specific Integrated Circuit (ASIC)BlockchainCloud Data ServicesCryptocurrencyEnterprise SoftwareHardwareSecurity
SeedSep 22, 2020
Amount Raised: $3,000,000
Skynet Labs

Boston, Massachusetts, United States

Skynet is an open protocol for hosting data and web applications on the decentralized web.

Application Specific Integrated Circuit (ASIC)BlockchainCloud Data ServicesCryptocurrencyEnterprise SoftwareHardwareSecurity
SeedJul 10, 2019
Amount Raised: $3,500,000
Tagomi

Chicago, Illinois, United States

Tagomi is a cryptocurrency trading platform that provides access to priced liquidity, low commissions, and maximized client return.

BitcoinBlockchainCryptocurrencyFinancial ServicesFinTech
Series UnknownMar 4, 2019
Amount Raised: $12,000,000
Percent

New York, New York, United States

Percent is a platform for sourcing, structuring, syndicating, monitoring, and servicing private credit transactions.

CreditFinancial ServicesFinTechInformation Services
Pre SeedJan 31, 2019
Amount Raised: $2,000,000
Namebase

New York, New York, United States

Namebase is a top-level domain name registrar that operates on the Handshake blockchain.

BlockchainCryptocurrency
SeedNov 5, 2018
Logos Network

Dublin, Dublin, Ireland

Logos Network is a next-generation crypto network that provides hyper-scalable transaction infrastructure.

Computer
SeedAug 2, 2018
Amount Raised: $3,000,000