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PANONY

Asia, Hong Kong Island, Hong Kong, Sheung Wan

Description

PANONY, established in 2018 and based in Hong Kong, operates as a multi-faceted entity at the forefront of the Web3 ecosystem. Describing itself as a "Web3-focused venture capital firm and an advisory group," PANONY strategically positions itself as both an investor and a thought leader. The firm's core mission revolves around identifying, nurturing, and scaling innovative projects within the blockchain, cryptocurrency, and decentralized technology sectors. Their approach integrates capital deployment with strategic guidance, aiming to accelerate the growth and adoption of nascent Web3 solutions globally.

As a venture capital firm, PANONY primarily targets Seed and Early Stage Venture rounds, demonstrating a commitment to supporting foundational technologies and emerging applications. Their investment thesis spans a broad spectrum of Web3 verticals, including blockchain infrastructure, decentralized finance (DeFi), GameFi, non-fungible tokens (NFTs), and metaverse platforms. Beyond capital injection, PANONY leverages its extensive network and deep industry expertise to provide portfolio companies with critical resources, including market insights, strategic partnerships, and operational support. This hands-on approach is designed to enhance the long-term viability and market penetration of their investments.

In addition to its investment activities, PANONY distinguishes itself through its robust advisory arm. This segment offers comprehensive consulting services to both startups and established enterprises navigating the complexities of the Web3 landscape. These services encompass tokenomics design, go-to-market strategies, regulatory compliance, and community building. PANONY's active participation in the ecosystem is evidenced by its portfolio, which includes over 20 investments in notable projects such as Animoca Brands, The Sandbox, and Immutable. Their recent participation in a $10 million seed round for Port3 Network in 2023 and a $12 million Series A round for Web3Go in 2024 further underscores their continued engagement in significant early-stage funding initiatives within the Web3 space.

Investor Profile

PANONY has backed more than 22 startups, with 3 new investments in the last 12 months alone. The firm has led 1 rounds, about 5% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Post Ipo Equity, Angel rounds (top funding stages).
  • Majority of deals are located in Singapore, United States, Hong Kong.
  • Strong thematic focus on Blockchain, Cryptocurrency, Metaverse.
  • Typical check size: $250K – $3M.

Stage Focus

  • Seed (82%)
  • Post Ipo Equity (5%)
  • Angel (5%)
  • Series A (5%)
  • Series Unknown (5%)

Country Focus

  • Singapore (23%)
  • United States (18%)
  • Hong Kong (14%)
  • Canada (14%)
  • Taiwan (9%)
  • Vietnam (5%)
  • United Kingdom (5%)
  • Nigeria (5%)
  • United Arab Emirates (5%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Metaverse
  • Gaming
  • Web3
  • Decentralized Finance (Defi)
  • Financial Services
  • Software
  • Artificial Intelligence (Ai)
  • Information Services
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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 PANONY frequently co-invest with?

Arche Fund
Asia, NA - Vietnam, Vietnam, Ho Chi Minh City
Co-Investments: 4
SkyVision Capital
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 3
OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 3
GBV Capital
North America, Midland, Cayman Islands, Grand Cayman
Co-Investments: 6
Infinity Ventures Crypto
Asia, T'ai-pei, Taiwan, Taipei
Co-Investments: 4
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 7
Moonrock Capital
Europe, Bayern, Germany, Munich
Co-Investments: 4
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 9
Formless Capital
North America, California, United States, San Francisco
Co-Investments: 3
Alameda Research
Asia, Hong Kong Island, Hong Kong, Central and Western
Co-Investments: 3

Which angels does PANONY often collaborate with?

KL
North America, California, United States, San Francisco
Shared Deals: 2
KG
North America, California, United States, San Francisco
Shared Deals: 2
JY
North America, New York, United States, New York
Shared Deals: 1
Vineet Budki
Asia, Dubai, United Arab Emirates
Shared Deals: 1
Mable Jiang
Asia, Zhejiang, China, Hangzhou
Shared Deals: 1
SR
Europe, Monaco
Shared Deals: 2
Shared Deals: 1
DH
North America, California, United States, San Francisco
Shared Deals: 1
SB
North America, California, United States, San Francisco
Shared Deals: 2
BF
Europe, Berlin, Germany, Berlin
Shared Deals: 1

What are some of recent deals done by PANONY?

Prodigy.Fi

Dubai, Dubai, United Arab Emirates

Prodigy.Fi is a decentralized platform dedicated to facilitating income generation through on-chain dual investment trading strategies.

CryptocurrencyDecentralized Finance (DeFi)Web3
SeedFeb 7, 2025
Amount Raised: $5,000,000
Soulbound

Lewes, Delaware, United States

Soulbound is a decentralized gaming community that aims to improve & grow the metaverse by creating a chain-agnostic market infrastructure.

GamingMetaverse
SeedAug 20, 2024
Amount Raised: $4,000,000
Deagent AI

Singapore, Central Region, Singapore

Deagent AI is an artificial intelligence agent network that creates a customized decentralized network platform.

Artificial Intelligence (AI)BlockchainWeb3
SeedAug 7, 2024
Amount Raised: $6,000,000
Zeek Network

Hong Kong, Hong Kong Island, Hong Kong

Zeek Network is a decentralized network for on-chain social bounty and reputation.

Decentralized Finance (DeFi)FinTech
SeedJun 19, 2024
Amount Raised: $3,000,000
Mint Blockchain

Singapore, Central Region, Singapore

Mint Blockchain allows Web3 developers to issue, trade, index, and store NFTs.

BlockchainWeb3
SeedMay 30, 2024
Amount Raised: $5,000,000

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

BlockchainCryptocurrency
SeedMay 28, 2024
Amount Raised: $5,000,000
Ooga Booga

London, England, United Kingdom

Ooga Booga is a liquidity aggregator designed to support the goal of becoming the most capital efficient blockchain.

SeedMar 20, 2024
Amount Raised: $1,000,000
SuiPad

Singapore, Central Region, Singapore

SuiPad is an IDO&INO platform, with selected projects, flexible whitelist, and fair level as the core positioning.

Information ServicesInformation TechnologyInternet
SeedApr 27, 2023
Amount Raised: $1,550,000
Soulbound

Lewes, Delaware, United States

Soulbound is a decentralized gaming community that aims to improve & grow the metaverse by creating a chain-agnostic market infrastructure.

GamingMetaverse
SeedJun 15, 2022
Amount Raised: $3,600,000
Vybe Network

Burnaby, British Columbia, Canada

Vybe Network provides data infrastructure solutions.

AnalyticsBlockchainSoftware
Series AJun 7, 2022
Amount Raised: $10,448,946