Token Bay Capital

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Updated: Apr 1, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Apr 2, 2024	Moongate	$2.7M Seed	Shiau Sin YEN	Cogitent Ventures, GBV Capital, Penrose Ventures, PHD Capital, RNR Capital
Mar 1, 2024	Taiko Labs	$15.0M Series A	Faction VC, Hashed, Samuel Harrison, Will Wang, Lucy Gazmararian	Bertelsmann Asia Investments (BAI), Blockchain.com Ventures, Boldstart Ventures, CoinFund, Cyberstarts VC, New Form Capital, Amber Group, Flow Traders, GSR, OKX Ventures, Presto Labs, Wintermute Ventures, WWVentures
Aug 1, 2022	dWallet Labs	$5.0M Seed	Node Capital, Matt Beck	Accomplice VC, CRV, Draper Associates, Feenix Ventures, Hoxton Ventures, Hubrix Ventures, MaC Venture Capital, Pioneer Fund, Stellar Capital, The Hit Forge, Weekend Fund, Y Combinator, Alex Oppenheimer, Balaji Srinivasan, Marek Olszewski, Odell Beckham Jr., Varsha Rao, Amplify Partners, Cerulean Ventures, Collider Ventures, Dispersion Capital, Heroic Ventures, Impatient Ventures, Lightshift, Tykhe Block Ventures, Zero Knowledge Ventures
Jan 1, 2022	Infinity Force	$6.0M Seed	Animoca Brands	Double Peak, Dweb3, GSR, Jump Capital, MEXC, OKX Ventures, SkyVision Capital
Jan 1, 2022	SOMA.finance	$7.0M Seed	Animoca Brands	0x Ventures, BCW Group, Fomocraft Ventures, Gate Ventures, Griffin Gaming Partners, GSR, Kenetic Capital, Mind Fund, Tai Ping Shan Capital, UNKNOWN VC
Nov 23, 2021	Talon Esports	$5.0M Series A	Animoca Brands	AK Partners, Arete Capital Asia, BlackPine, Foxmont Capital Partners, Hana Digital Transformation Fund, HZL Capital, PAC Capital, Yieldly
Oct 5, 2021	Hex Trust	$10.0M Other Equity	Animoca Brands	Algorand Foundation, BCW Group, Borderless Capital, Cell Rising Capital, Double Peak, Alessio Quaglini, Kenetic Capital, Mantra DAO, Mind Fund, QBN Capital, Radiant Tech Ventures, Ripple, Tessera Capital Partners
Sep 1, 2021	Merkle Science	$6.0M Series A	Darrow Holdings	Kraken Ventures, Fenbushi Capital, Kenetic Capital, LuneX Ventures, Uncorrelated Ventures
Aug 1, 2021	Aspen Digital	$9.0M Seed	Liberty City Ventures, RIT Capital Partners	Bennu, CAV Investment Group, Cherubic Ventures, City Light Capital, Cupule Ventures, FPV Fund, Infinity Ventures Crypto, Intudo Ventures, jLabs, MS&AD Ventures, Unanimous Capital, Aayush Phumbhra, Kyle Widrick, Rob McDonald, Scott Tannen, Taz Patel, Zac Zeitlin, Chatchaval Jiaravanon, Chaval Jiaravanon, Somerley Capital

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Token Bay Capital.

Lucy Gazmararian

Founder & Managing Partner

Leadership Team

Key people at Token Bay Capital.

Lucy Gazmararian

Founder & Managing Partner

Frequently Asked Questions

Who founded Token Bay Capital?

Token Bay Capital was founded by Lucy Gazmararian (Founder & Managing Partner).

Frequently Asked Questions

Who founded Token Bay Capital?

Token Bay Capital was founded by Lucy Gazmararian (Founder & Managing Partner).