INBlockchain

This Chinese VC firm invests in and supports blockchain startups, providing production tools to help them succeed.

ActiveVenture Capital

Updated: Jan 22, 2026 ·

About

INBlockchain is a Chinese VC firm that was founded in 2011 and is currently based in Beijing, China. The company provides investment to a variety of different blockchain startups as well as providing a blockchain production studio and other tools which can be used to succeed by crypto startups. Since the business was founded a decade ago, it has made a total of 22 investments into blockchain startups. As a direct consequence of these investments, the company has currently made its exit from one.

Financial History

Total Raised

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Valuation

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Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Apr 1, 2025	Eyeball Games	$3.0M Seed	—	10X Capital, 2.12 Angels, Altai Ventures, Jean de Fougerolles, B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Magma Partners, Morpheus Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z.
Sep 1, 2024	Ayrton Energy	$5.0M Seed	—	Clean Energy Ventures, Ecliptic Capital, SOSV, TSVC Capital
Jul 1, 2024	Haruko	$6.0M Series A	—	10X Capital, 2.12 Angels, Altai Ventures, Anthemis Group, Jean de Fougerolles, Balderton Capital, B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Magma Partners, MMC Ventures, Morpheus Ventures, Outrun Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z.
Dec 1, 2023	Liquidium	$1.0M Seed	—	GreaterGoodSociety, Sora Ventures
Oct 1, 2023	Overstory	$14.0M Series A	—	10X Capital, 2.12 Angels, Afore Capital, Altai Ventures, Jean de Fougerolles, Autotech Ventures, B Capital Group, Bling Capital, Clocktower Technology Ventures, Coinbase Ventures, Concrete Rose Capital, Convective Capital, Equity Alliance, Flexcap, FPV Fund, Human Capital, Humba Ventures, Khosla Ventures, Magma Partners, Morpheus Ventures, Moxxie Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Ribbit Capital, Tuesday Capital, White Star Capital, Anthony Pompliano, Arjan Dijk, Bobby Lo, Faizan Khan (Unchained Capital), Gopi Kallayil, Mark Cuban, Mei Z., Rikard Steiber, Tikhon Bernstam, Vivek Garipalli
Jul 1, 2023	Eyeball Games	$2.0M Seed	—	10X Capital, 2.12 Angels, Altai Ventures, Jean de Fougerolles, B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Magma Partners, Morpheus Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z.
May 1, 2023	Figure	$70.0M Series A	—	10X Capital, 2.12 Angels, Altai Ventures, Jean de Fougerolles, B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Magma Partners, Morpheus Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z., Rich Nelson
Mar 1, 2023	Genialis	$13.0M Series A	—	First Star Ventures, SOSV, Uncorrelated Ventures
Nov 1, 2022	Overstory	$5.0M Seed	—	10X Capital, 2.12 Angels, Afore Capital, Altai Ventures, Jean de Fougerolles, Autotech Ventures, B Capital Group, Bling Capital, Clocktower Technology Ventures, Coinbase Ventures, Concrete Rose Capital, Convective Capital, Equity Alliance, Flexcap, FPV Fund, Human Capital, Humba Ventures, Khosla Ventures, Magma Partners, Morpheus Ventures, Moxxie Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Ribbit Capital, Tuesday Capital, White Star Capital, Anthony Pompliano, Arjan Dijk, Bobby Lo, Faizan Khan (Unchained Capital), Gopi Kallayil, Mark Cuban, Mei Z., Rikard Steiber, Tikhon Bernstam, Vivek Garipalli
Jul 1, 2022	Gemini Sports Analytics	$2.0M Seed	—	10X Capital, 2.12 Angels, Altai Ventures, Jean de Fougerolles, B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Magma Partners, Morpheus Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z.
Mar 1, 2022	Haruko	$10.0M Seed	—	10X Capital, 2.12 Angels, Altai Ventures, Jean de Fougerolles, B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Magma Partners, Morpheus Ventures, Pareto Holdings, Portage Ventures, Recharge Capital, Revel Partners, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z.
Dec 1, 2021	Kueski	$100.0M Series C	—	10X Capital, 2.12 Angels, Accel, Altai Ventures, Jean de Fougerolles, B Capital Group, Coatue, Coinbase Ventures, Cometa, Endeavor Catalyst, Equity Alliance, Felicis Ventures, Flexcap, Flex Capital, GAIN, Human Augmentation Syndicate, Lightspeed India Partners, Magma Partners, Morpheus Ventures, Pareto Holdings, Shailendra Singh, Preston-Werner Ventures, Recharge Capital, Revel Partners, Richmond Global Ventures, Todd and Rahul's Angel Fund, Tuesday Capital, White Star Capital, Y Combinator, Anthony Pompliano, Augusto Marietti, Ben Tossell, Christopher Golda, Faizan Khan (Unchained Capital), Kevin Weil, Mei Z., Scott Belsky
Jul 1, 2021	Archipelo	$8.0M Seed	—	10X Capital, 2.12 Angels, Altai Ventures, Andreessen Horowitz, Jean de Fougerolles, B Capital Group, Blockchain.com Ventures, Bonfire Ventures, Coinbase Ventures, Correlation Ventures, Electric Capital, Equity Alliance, Evolve VC, Flexcap, Forum Ventures, Founders Fund, F Prime Capital, Hack VC, Haun Ventures, Kindred Ventures, La Famiglia, Lowercarbon Capital, Magma Partners, Maven Ventures, Morpheus Ventures, MS&AD Ventures, Offline Ventures, Oyster Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Ridge Ventures, Saga, Seven Seven Six, Surface Ventures, SV Angel, Tuesday Capital, Valar Ventures, Visionaries Club, White Star Capital, Y Combinator, Anthony Pompliano, Curtis Lee, Drew Houston, Faizan Khan (Unchained Capital), Frederic Kerrest, George Burke, Mei Z., Varsha Rao
May 1, 2021	Collectable	$6.0M Series A	—	10X Capital, 2.12 Angels, Altai Ventures, Alven, Amplo, Jean de Fougerolles, Bain Capital Ventures, B Capital Group, Bond, Coinbase Ventures, Equity Alliance, Fifth Down Capital, Flexcap, Founders' Co-op, Friends & Family Capital, Global Founders Capital, Index Ventures, Long Journey Ventures, Magma Partners, Morpheus Ventures, Pareto Holdings, Radical Ventures, Recharge Capital, Revel Partners, Sinai Ventures, Staenberg Venture Partners, Tuesday Capital, White Star Capital, Y Combinator, Charlie Songhurst, Faizan Khan (Unchained Capital), Mei Z., Scott Banister
Dec 1, 2020	Linear	$13.0M Series A	—	01 Advisors, 10X Capital, 1984 Ventures, 20VC, 2.12 Angels, Accel, Adverb Ventures, AirAngels, Altai Ventures, Alumni Ventures, Andreessen Horowitz, AngelList, Jean de Fougerolles, Awesome People Ventures, Basecamp Fund, B Capital Group, BoxGroup, Buckley Ventures, Chapter One Ventures, Coinbase Ventures, David Namdar, Ali Tamaseb, Divergence Ventures, Earl Grey Capital, Equity Alliance, Essence VC, Flexcap, Form Capital, Founder Collective, Future Ventures, Greylock, Ground Up Ventures, Gutter Capital, Haun Ventures, Helium-3 Ventures, H.I.G. Capital, Indicator Ventures, Jude Gomila Rolling Fund, Kearny Jackson, LGF, Lightspeed Venture Partners, Liquid 2 Ventures, Long Journey Ventures, Ludlow Ventures, M12, Magma Partners, Matrix, Meritech Capital Partners, Morpheus Ventures, NEO, Next47, Next Play Ventures, Norwest Venture Partners, Hans Tung, Otherwise Fund, Owl Rock Capital Partners, Paradigm, Pareto Holdings, Quiet Capital, Recharge Capital, Redpoint Ventures, Revel Partners, Rivet Ventures, Scale Asia Ventures, Sequoia Capital, Shrug Capital, Slack Fund, SNR, Solana Ventures, Tuesday Capital, Tusk Venture Partners, Unruly Capital, UpHonest Capital, White Star Capital, WorkLife Ventures, Y Combinator, YLEM, Akshay Kothari, Amjad Masad, Anthony Pompliano, Arash Ferdowsi, Armando Mann, Augusto Marietti, Barry X Lynn, Christian Reber, Claire Hughes Johnson, Drew Houston, Dylan Field, Evan Williams, Faizan Khan (Unchained Capital), Fidji Simo, Howie Liu, Immad Akhund, Jack Smith, Jeff Morris, Kenny Van Zant, KV Rao, Matt Bellamy, Mei Z., Mike Krieger, Moshe Lifschitz, Neil Parikh, Paul McKellar, Ron Pragides, Ryan Sarver, Ryan Tedder, Sanket Parekh, Scott Belsky, Scott Heiferman, Shane Curran, Stewart Butterfield, Sumon Sadhu
Oct 1, 2020	FOSSA	$23.0M Series B	—	Canvas Ventures, Costanoa Ventures, First Star Ventures, Meritech Capital Partners, SOSV, Uncorrelated Ventures
Sep 1, 2020	Buzzer	$4.0M Seed	—	10X Capital, 2.12 Angels, Altai Ventures, Jean de Fougerolles, B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Fusion VC, Lerer Hippeau, Magma Partners, Morpheus Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Sapphire Ventures, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z., Tim McSweeney, Todd McSweeney
Sep 1, 2019	FOSSA	$9.0M Series A	—	Costanoa Ventures, First Star Ventures, SOSV, Uncorrelated Ventures
Jan 1, 2019	Percent	$2.0M Seed	—	Altai Ventures, Coinbase Ventures
Jun 1, 2018	ONO Social	$16.0M Series A	—	First Star Ventures, SOSV, Uncorrelated Ventures
Jun 1, 2018	MASS MEDIA HOLDING GROUP	$6.0M Series A	—	Paradigm
Nov 1, 2017	Genialis	$2.0M Seed	—	First Star Ventures, SOSV, Uncorrelated Ventures
Aug 1, 2017	Bodhi	$2.0M Seed	—	—
Feb 1, 2017	Rotor	$370K Seed	—	10X Capital, 2.12 Angels, Altai Ventures, Ascension Ventures (UK), B Capital Group, Coinbase Ventures, Equity Alliance, Flexcap, Magma Partners, Morpheus Ventures, Pareto Holdings, Recharge Capital, Revel Partners, Tuesday Capital, White Star Capital, Anthony Pompliano, Faizan Khan (Unchained Capital), Mei Z.
Feb 1, 2017	FOSSA	$2.0M Seed	—	7percent Ventures, 8VC, 9Yards Capital, Adverb Ventures, Amino Capital, Anorak Ventures, Benchmark, Broadway Angels, Craft Ventures, Electric Capital, First Star Ventures, Hack VC, IVP, Liquid 2 Ventures, Signia Venture Partners, Sommet AB, SOSV, Spark Capital, TSVC Capital, Uncorrelated Ventures, UpHonest Capital, WndrCo LLC, Akash Garg, Amr Awadallah, Gautam Gupta, George Hu, Joshua Schachter, Mike Vernal, Othman Laraki, Rob Solomon, Sue Xu, Vishal Makhijani

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at INBlockchain.

Leadership Team

Key people at INBlockchain.

Deep Dive

High-Level Overview

INBlockchain (INB) is a leading Chinese venture capital firm specializing in blockchain investments. Its mission centers on supporting blockchain startups by providing not only capital but also production tools and operational support to help them succeed in the rapidly evolving blockchain ecosystem. INB’s investment philosophy emphasizes early-stage backing of innovative blockchain projects that can drive the industry forward, focusing on sectors such as cryptocurrency exchanges, decentralized finance (DeFi), digital asset infrastructure, and blockchain-based content distribution. By leveraging its deep expertise and extensive network, INB has significantly impacted the blockchain startup ecosystem in China and globally, fostering innovation and accelerating adoption of blockchain technologies.

Origin Story

Founded in the early 2010s, INBlockchain quickly established itself as the most influential investment group in the Chinese blockchain space. Its key partners are among the largest holders of Bitcoin worldwide, reflecting their deep commitment and belief in blockchain’s potential. The firm’s evolution includes pioneering projects such as Bitcoin Sand, the world’s first Bitcoin bank, and early investments in notable ventures like Bitshares and peat.io. INB also co-founded Bifubao, an offchain wallet service, and launched yunbi.com, which became a top-10 cryptocurrency exchange. This origin story highlights INB’s blend of investment acumen and hands-on product incubation, which has been critical to its success and influence.

Core Differentiators

Unique Investment Model: INB combines venture capital with an incubator and product studio approach, enabling it to actively build and scale blockchain products alongside investments.
Network Strength: The firm’s partners hold substantial Bitcoin assets and maintain strong ties across global blockchain markets, enhancing deal flow and strategic partnerships.
Track Record: INB has a proven history of early investments in successful blockchain startups and exchanges, including Bitshares, peat.io, and yunbi.com.
Operating Support: Beyond funding, INB provides startups with production tools, technical expertise, and market access, accelerating their growth and product-market fit.

Role in the Broader Tech Landscape

INBlockchain rides the wave of blockchain’s mainstream adoption and the growing demand for decentralized financial services and digital asset infrastructure. The timing is critical as regulatory clarity improves and institutional interest surges globally. Market forces such as increasing blockchain integration in finance, content distribution, and asset management work in INB’s favor. By nurturing foundational blockchain projects and exchanges, INB influences the broader ecosystem by setting standards, fostering innovation, and bridging Chinese blockchain ventures with global markets.

Quick Take & Future Outlook

Looking ahead, INBlockchain is poised to deepen its influence by expanding its incubator model and investing in emerging blockchain trends like Web3, decentralized identity, and cross-chain interoperability. As blockchain technology matures, INB’s role as both investor and builder will likely grow, enabling it to shape the next generation of blockchain infrastructure and applications. Its strong Bitcoin holdings and strategic investments position it well to capitalize on the increasing institutionalization and regulatory acceptance of digital assets, continuing to drive outsized returns and ecosystem development.

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: INB combines venture capital with an incubator and product studio approach, enabling it to actively build and scale blockchain products alongside investments.
Network Strength: The firm’s partners hold substantial Bitcoin assets and maintain strong ties across global blockchain markets, enhancing deal flow and strategic partnerships.
Track Record: INB has a proven history of early investments in successful blockchain startups and exchanges, including Bitshares, peat.io, and yunbi.com.
Operating Support: Beyond funding, INB provides startups with production tools, technical expertise, and market access, accelerating their growth and product-market fit.