HashKey
HashKey is a seed to Series B stage investment firm. It has made 29 investments. 32% of their portfolio is in Crypto & Web3. Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Average disclosed round size is $22.5M (across 31 rounds with reported amounts).
Portfolio
29
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
RC
Ryan Chen
Managing Partner
MM
Mia Mai
Partner
XX
Xiao Xiao
Partner
DC
Deng Chao
CEO, HashKey Capital
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
31 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Morpho | Unknown | $175M | Jun 2026 |
 SignalPlus | Series B | $11M | Jan 2025 |
 Plume | Series A | $20M | Dec 2024 |
 Prodia | Seed | $15M | Jul 2024 |
 XION | Series B | $25M | Apr 2024 |
| CCosmology | Seed | $5M | Jan 2024 |
| Morpho | Unknown | $18M | Jan 2024 |
 Supra | Unknown | $24M | Sep 2023 |
 Xterio | Series B | $40M | Aug 2022 |
 Burnt Finance | Series A | $8M | Jan 2022 |
 MYSO | Seed | $2.4M | Jan 2022 |
 Web3Port | Seed | $1M | Jan 2022 |
 Izumi | Series A | $3.5M | Dec 2021 |
 Xanpool | Series A | $27M | Oct 2021 |
 dYdX | Series C | $65M | Jun 2021 |
 dYdX | Series C | $65M | Jan 2021 |
| IIzumi Finance | Series A | $22M | Jan 2021 |
| NNym Technologies | Series A | $13M | Jan 2021 |
 ImToken | Series B | $30M | Jan 2021 |
 Linen App | Seed | $300K | Dec 2019 |
 Skale | Seed | $8.9M | Jan 2019 |
 Skale | Seed | $8.9M | Jan 2019 |
 Skale Labs | Seed | $8.9M | Jan 2019 |
 Flipside Crypto | Series A | $7.1M | Jan 2019 |
 Enjin | Unknown | $18.9M | — |
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Top Co-Investors
HashKey Capital10 shared
Animoca Brands6 shared
Hashed5 shared
Fenbushi Capital5 shared
Multicoin Capital5 shared
Polychain Capital5 shared
Coinbase Ventures5 shared
Wintermute Ventures5 shared
Paradigm5 shared
CMT Digital4 shared
Arrington XRP4 shared
Circle Ventures4 shared
Galaxy Ventures4 shared
Hack VC4 shared
Andreessen Horowitz4 shared
Mirana Ventures4 shared
IOSG4 shared
NGC Ventures3 shared
Foresight Ventures3 shared
SNZ Holding3 shared
Last updated: 7 October 2026