# HSG's Web3 & Crypto Investments: 16 Startups in Its Portfolio (2026) > The 16 Web3 & Crypto startups HSG has backed, by stage: $2.3B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/hsg-web3-crypto-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Stage not reported 5 - [Kraken](https://millionrounds.com/company/kraken) - [AERGO](https://millionrounds.com/company/aergo) - [Phantom Galaxies](https://millionrounds.com/company/phantom-galaxies) - [*ON* Orderly Network](https://millionrounds.com/company/orderly-network) - [*S* Scroll.io](https://millionrounds.com/company/scroll-io) ## Series B 4 - [RedotPay](https://millionrounds.com/company/redotpay) - [Vibe](https://millionrounds.com/company/vibe) - [Babel Finance](https://millionrounds.com/company/babel-finance) - [DeBank](https://millionrounds.com/company/debank) ## Pre-seed and seed 4 - [Multichain](https://millionrounds.com/company/multichain) - [Ping](https://millionrounds.com/company/ping) - [*MA* Martial Arts Awakening](https://millionrounds.com/company/martial-arts-awakening) - [TEEX](https://millionrounds.com/company/teex) ## Series A 3 - [zkPass](https://millionrounds.com/company/zkpass) - [Slope Finance](https://millionrounds.com/company/slope-finance) - [*GC* Guanguan Coin](https://millionrounds.com/company/guanguan-coin) ## Segment by segment ### Stage not reported 5 startups · $1.8B raised - [**Kraken**](https://millionrounds.com/company/kraken) Kraken is one of the world’s longest-standing and most secure crypto platforms. United States $1.7B - [**AERGO**](https://millionrounds.com/company/aergo) AERGO is an online platform that allows businesses to share data through blockchain networks. Hong Kong SAR China $30M - [**Phantom Galaxies**](https://millionrounds.com/company/phantom-galaxies) PHANTOM GALAXIES combines open-world space sim with fast-paced mech shooter and a captivating story. Australia $19M - [*ON* **Orderly Network**](https://millionrounds.com/company/orderly-network) Orderly Network is a next generation trading infrastructure. Bahamas $5.0M - [*S* **Scroll.io**](https://millionrounds.com/company/scroll-io) Scroll.io provides a native zkEVM scaling solution for Ethereum. Hong Kong SAR China $700K ### Series B 4 startups · $372M raised - [**RedotPay**](https://millionrounds.com/company/redotpay) RedotPay is a Hong Kong-based fintech company founded in April 2023 by Michael Gao and Jonathan Chan. Hong Kong SAR China $194M - [**Vibe**](https://millionrounds.com/company/vibe) Vibe is a streaming TV advertising company for small and medium-sized businesses. United States $87M - [**Babel Finance**](https://millionrounds.com/company/babel-finance) Babel Finance is a global cryptocurrency financial institution founded in 2018 and headquartered in Hong Kong, with a secondary of Hong Kong SAR China $80M - [**DeBank**](https://millionrounds.com/company/debank) DeBank is a prominent Web3 infrastructure company and a leading DeFi portfolio tracker and analytics platform, founded in late 201 Singapore $11M ### Pre-seed and seed 4 startups · $98M raised - [**Multichain**](https://millionrounds.com/company/multichain) Multichain is a cross-chain router protocol (CRP) providing a mature real-time CRP system. Singapore $60M - [**Ping**](https://millionrounds.com/company/ping) Learn more about PING&s latest clubs including the G440 Family, i530 & i240 Irons, Scottsdale Putters, and more. United States $33M - [*MA* **Martial Arts Awakening**](https://millionrounds.com/company/martial-arts-awakening) Martial Arts Awakening is a blockchain game developer focused on the long-term development of blockchain. - $3.0M - [**TEEX**](https://millionrounds.com/company/teex) TEEX develops a blockchain based execution platform that helps developers to integrate and deploy applications. China $2.0M ### Series A 3 startups · $27M raised - [**zkPass**](https://millionrounds.com/company/zkpass) zkPass is a privacy-focused, decentralized protocol founded in 2022, headquartered in New York. United States $13M - [**Slope Finance**](https://millionrounds.com/company/slope-finance) Slope Finance is a community-driven, full-stack blockchain platform built on Solana. United States $8.0M - [*GC* **Guanguan Coin**](https://millionrounds.com/company/guanguan-coin) Chinese cryptocurrency United 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. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **HSG's AI portfolio** 52 startups · $44B](https://millionrounds.com/portfolio-maps/hsg-ai-portfolio)[Sector portfolio **HSG's Biotech portfolio** 34 startups · $5.8B](https://millionrounds.com/portfolio-maps/hsg-biotech-portfolio)[Sector portfolio **HSG's Fintech portfolio** 19 startups · $4.3B](https://millionrounds.com/portfolio-maps/hsg-fintech-portfolio)[Sector portfolio **HSG's Healthtech portfolio** 14 startups · $2.8B](https://millionrounds.com/portfolio-maps/hsg-healthtech-portfolio)[Portfolio map **HSG portfolio map** 185 startups · $66B](https://millionrounds.com/portfolio-maps/hsg-portfolio-map)[Co-investors **Who invests with HSG** 137 co-investors](https://millionrounds.com/portfolio-maps/hsg-co-investors) ## Raising from investors like HSG? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)