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Fenbushi Capital

USCNSGHKJPOtherDeep TechFintechAI/MLOther

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Investment thesis

Established in 2015, Fenbushi Capital is Asia's pioneering blockchain-focused asset management firm with an AUM of $1.6 billion and a global portfolio of over 300 companies. The firm invests exclusively in blockchain-enabled and Web3 projects — spanning infrastructure (Infra), decentralized finance (DeFi), centralized finance (CeFi), security/audit, gaming/NFT, and tools — with a mission to drive healthy and sustainable growth in the global blockchain ecosystem. Recognized for its early support of Ethereum, Fenbushi acts as a long-term strategic partner to its portfolio projects, leveraging research and investment to shape the future of blockchain technology across diverse sectors including finance, healthcare, supply chain, and consumer goods.

Notable quotes

I think that blockchain has changed the productive relationship, not productivity. What the arrival of blockchain means is that the productive relationship will be updated for the Internet age.

Bo Shen · ChainB interview via Steemit (https://steemit.com/bitcoin/@ahkyee/how-does-china-s-leading-blockchain-vc-view-icos) · 2017

We see BlockApps as the infrastructural blockchain database of companies in the future.

Bo Shen · Bitcoin Magazine – BlockApps funding announcement (https://bitcoinmagazine.com/business/blockapps-expands-ethereums-presence-in-china-announces-new-funding-and-key-partnerships-1474649431) · 2016-09-23

The emergence and development of ICOs will have a big impact on traditional VCs, especially in the blockchain field. This can stimulate the future evolution of venture capital investing.

Bo Shen · ChainB interview via Steemit (https://steemit.com/bitcoin/@ahkyee/how-does-china-s-leading-blockchain-vc-view-icos) · 2017

Team

Bo Shen

General Partner & Co-Founder

Deep TechFintechAI/ML

Remington Ong

Partner

Deep TechFintech

Rin Huang

Partner

Deep Tech

Roland Sun

General Counsel

Wenbo Yu

Partner

Deep Tech

Recent investments

CompanyRoundSizeDate
IrreducibleSeries A$24m2025-01-30
Reown (WalletConnect)Series B$13m2025-01-15
Eclipse LabsSeries A$50m2024-03-11
Morpho LabsStrategic$50m2024-08-01
Lagrange LabsSeed$13m2024-05-08
RISC ZeroSeries A$40m2023-07-19
ConsenSysSeries D$450m2022-03-01
1inchSeries B$175m2021-12-01
EthereumSeed$500k2015-04-01
ZcashSeed2016-01-20

Frequent co-investors

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