Sector portfolio · VC firm · Hong Kong SAR China
HSG's Web3 & Crypto portfolio
HSG has backed 16 Web3 & Crypto startups in rounds we track, $2.3B between them, shown by the stage each has reached. The best-funded is Kraken.
Funding by segment
- Stage not reported$1.8B5
- Series B$372M4
- Pre-seed and seed$98M4
- Series A$27M3
Where they are based
- United States6$1.8B
- Hong Kong SAR China4$305M
- Singapore2$71M
- Australia1$19M
- Bahamas1$5.0M
- China1$2.0M
United States
Hong Kong SAR China
Singapore
Australia
Bahamas
ChinaFounded
1 without a founding year on record.
Total raised
- Under $1M1
- $1M to $10M5
- $10M to $50M5
- $50M to $250M4
- $250M to $1B0
- $1B and over1
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
15 of 16 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United States6
- Hong Kong SAR China4
- Singapore2
- Australia1
- Bahamas1
- China1
Startups by country, 6 countries in all.
Segment by segment
Stage not reported
5 startups · $1.8B raised
KrakenKraken is one of the world’s longest-standing and most secure crypto platforms.United States$1.7B
AERGOAERGO is an online platform that allows businesses to share data through blockchain networks.Hong Kong SAR China$30M
Phantom GalaxiesPHANTOM GALAXIES combines open-world space sim with fast-paced mech shooter and a captivating story.Australia$19M- ONOrderly NetworkOrderly Network is a next generation trading infrastructure.Bahamas$5.0M
- SScroll.ioScroll.io provides a native zkEVM scaling solution for Ethereum.Hong Kong SAR China$700K
Series B
4 startups · $372M raised
RedotPayRedotPay is a Hong Kong-based fintech company founded in April 2023 by Michael Gao and Jonathan Chan.Hong Kong SAR China$194M
VibeVibe is a streaming TV advertising company for small and medium-sized businesses.United States$87M
Babel FinanceBabel Finance is a global cryptocurrency financial institution founded in 2018 and headquartered in Hong Kong, with a secondary ofHong Kong SAR China$80M
DeBankDeBank is a prominent Web3 infrastructure company and a leading DeFi portfolio tracker and analytics platform, founded in late 201Singapore$11M
Pre-seed and seed
4 startups · $98M raised
MultichainMultichain is a cross-chain router protocol (CRP) providing a mature real-time CRP system.Singapore$60M
PingLearn more about PING&s latest clubs including the G440 Family, i530 & i240 Irons, Scottsdale Putters, and more.United States$33M- MAMartial Arts AwakeningMartial Arts Awakening is a blockchain game developer focused on the long-term development of blockchain.-$3.0M
TEEXTEEX develops a blockchain based execution platform that helps developers to integrate and deploy applications.China$2.0M
Series A
3 startups · $27M raised
zkPasszkPass is a privacy-focused, decentralized protocol founded in 2022, headquartered in New York.United States$13M
Slope FinanceSlope Finance is a community-driven, full-stack blockchain platform built on Solana.United States$8.0M- GCGuanguan CoinChinese cryptocurrencyUnited States$6.0M
How this map is made. Every startup here works in Web3 & Crypto and has raised money in a round we track that names HSG as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.
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