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Status
ACTIVE
Global HQ
Shanghai, China
Countries of investment
  • China
  • Hong Kong
  • Singapore
  • United States
  • United Kingdom
  • Switzerland
  • Cayman Islands
Investment stages
  • Seed
  • Series A
  • Series B
  • Series C
Industries
  • Crypto
  • Blockchain
  • DeFi
  • Web3
  • Infrastructure
  • Layer 1 Protocols
  • Chinese Ecosystem
About
Fenbushi Capital is a Shanghai-based blockchain VC. Their focus spans crypto, DeFi, infrastructure, Layer 1 protocols, and Chinese ecosystem across China, Hong Kong, Singapore, the United States, United Kingdom, Switzerland, and Cayman Islands. The firm supports crypto-native founders from Seed through Series C.
Min check size
$500K
Max check size
$10M
Fund size
NPS

Investment Thesis

Fenbushi Capital is a multi-stage venture capital firm deploying capital across crypto, blockchain, DeFi, Web3, infrastructure, Layer 1 protocols, and Chinese ecosystem sectors. They invest as one of the oldest and most respected Asia-focused crypto VCs with deep Chinese ecosystem expertise. The firm differentiates itself through its 2015 founding date as one of Asia's oldest blockchain VCs, Vitalik Buterin's involvement as General Partner, Shanghai positioning with deep Chinese ecosystem relationships, and multi-stage capital deployment.
Lead investor
Co Invest
Number of exits
Preferred contact method

Manager's Experience

Bo Shen (Co-Founder & Managing Partner) co-founded Fenbushi Capital in 2015 as one of Asia's earliest blockchain VCs; he brings deep Chinese crypto ecosystem expertise and relationships across the country's leading crypto founders and developers. Vitalik Buterin (General Partner) is the founder of Ethereum and brings unparalleled crypto-native technical credibility to the firm. The firm has built Shanghai positioning with deep Chinese ecosystem relationships and multi-stage capital deployment across crypto, DeFi, and Layer 1 protocols.

Team

Bo Shen - Co-Founder & Managing Partner

Vitalik Buterin - General Partner

Remington Ong - Partner

Wenjia Wang - Partner

Portfolio

Circle

Coinflow

Coda

Conflux Network

Cosmos

dYdX

Ethereum

Filecoin

Helium

ImToken

Industry Ventures

Maker

Matrix AI

Mysten Labs

Near Protocol

Nervos Network

Polkadot

Quantstamp

Snowflake

Solana

Status

Sui

Tendermint

The Graph

Worldcoin

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