NGC Ventures is a Singapore-based venture capital firm that has been investing in blockchain and Web3 infrastructure since 2017. The firm provides hands-on support to early-stage crypto and Web3 startups from ideation through strategy and market adoption, managing over $500 million in AUM.
55% of their portfolio is in Crypto & Web3. Deal activity decreased year-over-year (1 deals in the last 12 months vs 3 prior). Average disclosed round size is $14.0M (across 61 rounds with reported amounts).
Portfolio
60
Fund Size
$500M
Top Stage
Seed
Last 12 Mo
1
Team
Jack Lu
Partner
Kay Fong
Venture Partner
Zi-hao Chen
Partner
Adam Arreola
Investment Team (US)
Alvin Leong
Investment Team (APAC)
Cherry Xie
Investment Team (APAC)
Chris Miller
Investment Team (US)
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Uniblock | Series A | $5.2M | Mar 2026 |
 Analog | Unknown | $16M | Apr 2025 |
| IInfrared | Series A | $14M | Jan 2025 |
 Infrared Finance | Series A | $14M | Jan 2025 |
 Ammalgam | Unknown | $2.5M | Sep 2024 |
 Zkex | Seed | $2.5M | Jul 2024 |
 Dora Factory | Unknown | $10M | May 2024 |
 Uxuy | Seed | $7M | May 2024 |
 Myavana | Seed | — | Jan 2024 |
 Connext | Series A | $7.5M | Jun 2023 |
 Soul Wallet | Unknown | $3M | Mar 2023 |
 Staging Labs | Pre-Seed | $1.1M | Mar 2023 |
 zkLink | Unknown | $8.5M | Jan 2023 |
 Anything World | Series A | — | Nov 2022 |
| FFluidity Money | Seed | $1.3M | Oct 2022 |
 Blockvision | Seed | $5M | Mar 2022 |
| KKyoko Finance | Unknown | $3M | Feb 2022 |
| KKyoko | Unknown | $3M | Feb 2022 |
 BlockPI | Unknown | $3M | Jan 2022 |
 Kwil | Seed | $8.9M | Jan 2022 |
| GGemie | Unknown | $3.8M | Jan 2022 |
| MMetadojo | Seed | $3M | Jan 2022 |
 Chainsafe Gaming | Series A | $18.8M | Jan 2022 |
 Elusiv | Seed | $3.5M | Jan 2022 |
| Elusiv | Strategic | $3.5M | Jan 2022 |
Top Co-Investors
Last updated: 8 September 2026