Founded in 2015, FBG Capital is one of the largest and earliest blockchain investment firms, focused on early-stage companies that accelerate disruptive innovations in the crypto and digital asset ecosystem.
Average disclosed round size is $10.2M (across 25 rounds with reported amounts).
Portfolio
24
Fund Size
—
Top Stage
Unknown
Last 12 Mo
0
Team
JL
Jingcheng Li
Managing Director
VZ
Victor Zou
Managing Director of Investments
XL
xixi L.
Investment Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
26 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| HHashPower | Strategic | $4M | Jun 2025 |
 Hemi Network | Unknown | $15M | Sep 2024 |
| MMetaVersus World | Seed | $2M | Dec 2022 |
 RockX | Unknown | $6M | Apr 2022 |
 Spaceport | Pre-Seed | $3.6M | Jan 2022 |
| RockX | Series A | $6M | Jan 2022 |
 Struct Finance | Seed | $3.9M | Jan 2022 |
 Sienna Network | Seed | $11.2M | May 2021 |
| MMoma Protocol | Unknown | $2.3M | May 2021 |
 CoinList | Series A | $100M | Jan 2021 |
 Kollect | Seed | $2M | Jan 2021 |
 Mintverse | Unknown | $1.5M | Jan 2021 |
| MMoma Protocol | Unknown | $2.3M | Jan 2021 |
 FTX | Seed | $8M | Aug 2019 |
| LLino | Seed | $20M | Feb 2018 |
 Origin Protocol | Unknown | $6.6M | Jan 2018 |
| UUltrain | Seed | $20M | Jan 2018 |
 Clearpool | Unknown | $1.5M | — |
 Ren | Unknown | $3.5M | — |
 Supermojo | Seed | — | — |
 OurSong | Seed | $7.5M | — |
 X World Games | Unknown | $1.2M | — |
| XXLD Finance | Series A | $13M | — |
 Frontrunner | Unknown | $4.8M | — |
 Republik | Seed | $6M | — |
Page 1 of 2
Top Co-Investors
Circle Ventures3 shared
Infinity Ventures Crypto3 shared
SkyVision Capital2 shared
Protocol Labs2 shared
HashKey Capital2 shared
Fenbushi Capital2 shared
Sfermion2 shared
Amber Group2 shared
Draper Dragon2 shared
UOB Venture Management2 shared
Bixin Ventures2 shared
Spark Capital2 shared
Mirana Ventures2 shared
Fundamental Labs2 shared
SevenX Ventures2 shared
Talis Capital1 shared
NGC Ventures1 shared
ZhenFund1 shared
Accomplice1 shared
Metaplanet1 shared
Last updated: 7 September 2026