The Leader in the Encryption Investment Field: The Rise of a Top Venture Capital Firm

In the venture capital scene of Silicon Valley, there is an institution that stands out with its unique investment vision and operational model. Founded in 2009, this company quickly rose to the top tier of venture capital firms thanks to its outstanding investments in the internet and encryption sectors.

The company initially gained fame for investing in well-known internet companies such as Facebook, Twitter, and Github. Currently, its managed assets exceed 35 billion USD, with investment areas covering artificial intelligence, biomedical, consumer services, encryption, enterprise operations, fintech, gaming, and more.

pioneer in the encryption field

The company began investing in the encryption field in 2013, at a time when many traditional venture capitalists were still skeptical about it. They were the first to participate in a $25 million Series B funding round for a well-known encryption trading platform and subsequently made several additional investments. This bet not only brought substantial returns to the company but also established its leading position in the encryption investment field.

To deepen its presence in the encryption market, the company established a dedicated encryption investment fund in 2018. As of now, this fund has completed 5 rounds of fundraising, managing over 7.6 billion USD:

• The first fund has a scale of approximately 300 million USD.
• Launched the second fund in April 2020, with a scale of approximately $515 million.
• Launched the third fund in June 2021, with a scale of about 2.2 billion USD, setting a new record for fundraising in encryption funds at that time.
• Launched the fourth fund in May 2022 (approximately $4.5 billion) and the Web3 gaming fund ($600 million)

It is reported that the company is planning the next round of approximately $3.4 billion in early and seed funds, focusing on emerging fields such as encryption and biotechnology.

Core Team

The company adopts an all-member partnership system, and each special fund will recruit professionals from relevant fields to serve as investment partners.

The founder of the encryption fund is a seasoned investor who led several important encryption investments after joining the company in 2012. Before joining, he was already a successful entrepreneur and angel investor, having founded an internet security company and a technology recommendation company, and was involved in the founding of another venture fund.

Currently, the total number of company employees has reached 546, of which 99 focus on the encryption field, accounting for 18%. This also indirectly reflects the company's emphasis on the encryption industry. It is worth noting that among these 99 people, only 15 are directly responsible for investments, while about 80% of the remaining personnel mainly provide post-investment services such as marketing, recruitment, legal, and technical support.

unique investment style

1. Adhere to an "all-weather" investment strategy, not affected by market fluctuations, and continue to invest.

2. High ratios of leading and follow-on investments. Data shows that the company ranks first in the industry in terms of cumulative leading rounds, reaching 109 rounds. For promising projects, they often make multiple follow-on investments.

3. Large investment scale and wide coverage. Since its establishment, the encryption fund has invested in hundreds of projects across various sectors of the encryption industry.

4. Good at utilizing media promotion and project packaging. The company places great importance on brand building for itself and the projects it invests in, promoting marketing through self-built media channels and providing comprehensive operational support to the invested enterprises.

Potential Projects Overview

The following are some potential projects that the company has invested in (excluding projects with issued tokens, failures, small financing, and traditional industry projects):

1. Blockchain development platform, with a total financing of 350 million dollars.
2. Blockchain game studio, raised a total of $250 million
3. Blockchain infrastructure providers have raised a total of $180 million.
4. Cross-chain protocol developers have raised a total of $135 million.
5. Encryption payment solution provider, with a total financing of 120 million USD.

Conclusion

From the internet to encryption, this company has always maintained sharp insights and a forward-looking investment vision. They not only successfully anticipated the software revolution but also laid out plans for the encryption industry early on. Now, with the arrival of the Web3 era, this investment giant is striving to write a new chapter of brilliance.