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Venture Capital
fenbushi.vc

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Investments

93

Portfolio Exits

4

Funds

2

About Fenbushi Capital

Fenbushi Capital, founded in 2015, is a China-based venture capital firm that exclusively invests in Blockchain-enabled companies. The firm's mission is to accelerate the inevitable future of Blockchain economy by supporting as many companies as possible.

Fenbushi Capital Headquarter Location

Lujiazui Road 99

Shanghai, Shanghai,

China

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Expert Collections containing Fenbushi Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Fenbushi Capital in 2 Expert Collections, including Blockchain.

B

Blockchain

160 items

G

Genomics

391 items

Investors that invest in genomics AND have made at least 10 investments (across sectors) in the past 12 months

Latest Fenbushi Capital News

Arcana Networks Raises Funds For Building Decentralised Storage & Data Privacy Platform For Ethereum DApps

Oct 13, 2021

Founded in 2019, Arcana offers a decentralised storage and data privacy platform for Ethereum and EVM compatible app developers Digital Currency Group (DCG), Hyperedge, Sahil Lavingia's VC fund, Fenbushi Capital, LD Capital, and Paradigm Shift VC also participated in this round Arcana plans to use the proceeds of the fund for strengthening its product portfolio, launch its XAR token, invest in community building and launch its tested platform for waitlisted developers Bengaluru-based blockchain infrastructure startup Arcana Network, which offers decentralised storage and data privacy platform for Ethereum, has raised a private round worth $2.3 Mn (INR 17 Cr) from Republic Crypto and Woodstock Fund. The round also saw participation from venture funds Digital Currency Group (DCG), Hyperedge, Sahil Lavingia’s VC fund shl.vc, Fenbushi Capital, LD Capital, and Paradigm Shift VC. Angel investors including Covalent’s Ganesh Swami, Ajeet Khurana, Builders Tribe, WazirX’s Nishal Shetty, Aave’s Ajit Tripathi, Arcana’s seed investors – AU21 and Arcanum Capital, also participated in this round of funding. Explaining what a private round is, cofounder Aravindh Kumar said, “Instead of series rounds, crypto startups raise funds through private rounds, where we sell or promise the sale of our tokens — in our case Arcana’s XAR tokens — to institutional and angel investors before listing on the exchange.” The platform for blockchain developers had earlier raised a seed round of $375K from ex-Coinbase CTO Balaji Srinivasan, Polygon founders Sandeep Nailwal and Jaynti Kanani, and Republic founder Kendrick Nguyen. Arcana plans to strengthen its product portfolio, launch its XAR token, invest in community building and launch its tested platform for waitlisted developers. Kumar added that the use of funds was contingent on milestones such as the launch of its platform. The startup plans two test nets — one will be focused on the network to fix any vulnerabilities or bugs and the second test net is due to launch next week. Aracana is also looking to hire developers (blockchain and non-blockchain), cryptographers etc, Kumar told Inc42. Founded in 2019 by Mayur Relekar, Aravindh Kumar, and Abhishek Chaudhary, Aracana Network acts in a similar way that a data centre is to the cloud. It stores blockchain keys, authenticates user tractions, provides decentralised storage networks, and allows developers to build over the Ethereum blockchain. Some other features on its to-be-launched blockchain infrastructure platform will include payment in fiat currency, authentication of wallets, pay-as-you-go model, helping developers build easy-to-use applications and integration speed. The startup currently has a waitlist of 300, and it plans to limit it to 500 developers. Further, its target market is the 3,500 blockchain applications over ethereum — in India, the US and Southeast Asia. Arcana competes with IPFS, FileCoin, Sia, Storj and Swarm, among others in the blockchain infrastructure segment. Blockchain Sees Adoption Beyond Crypto & NFTs Owing to a trigger in the adoption of blockchain, market research firm Reports and Data , has stated that the global blockchain technology market is growing at a CAGR of 66%. It is estimated to reach $172.9 Bn by 2028 from a meagre $3 Bn in 2020. The funding in Arcana comes when cryptocurrency and NFTs, two of the major blockchain phenomena, have been receiving mainstream attention. Recently, crypto exchange CoinSwitch Kuber became the second crypto unicorn after CoinDCX. Further, the RBI is also set to launch its first digital currency trial programmes by the end of the year, according to its governor Shaktikanta Das. NFT marketplaces such as WazirX’s NFT Marketplace , BeyondLife.club, Wall.app and Terrain.art, NFTically among others have also become popular with celebrities adopting the digital art trend. But, Blockchain technology also has use cases in healthcare, cyber security, banking and supply chain management sector which include creating digital ledgers, loyalty rewards plans, creating digital IDs, e-voting, creating certificates, data backups, etc. The central government, which has been sceptical about cryptocurrency, has lately been showing interest in adopting blockchain technology. Overall, the Indian blockchain ecosystem has recorded $455 Mn in funding across 17 deals between Jan 1st to Oct 9th, with blockchain startups such as Stader labs, Biconomy, KoineArth, New Street Tech, Solana, DRIFE, among others garnering investor attention.

Fenbushi Capital Investments

93 Investments

Fenbushi Capital has made 93 investments. Their latest investment was in Arcana Network as part of their Series A on October 10, 2021.

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Fenbushi Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/13/2021

Series A

Arcana Network

$2.3M

Yes

1

9/29/2021

Series A

Merkle Science

$5.75M

Yes

3

9/27/2021

Series A - II

Blofin

$12M

Yes

5

9/24/2021

Seed VC

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$99M

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10

9/21/2021

Seed VC

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$99M

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10

Date

10/13/2021

9/29/2021

9/27/2021

9/24/2021

9/21/2021

Round

Series A

Series A

Series A - II

Seed VC

Seed VC

Company

Arcana Network

Merkle Science

Blofin

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Amount

$2.3M

$5.75M

$12M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

3

5

10

10

Fenbushi Capital Portfolio Exits

4 Portfolio Exits

Fenbushi Capital has 4 portfolio exits. Their latest portfolio exit was Nebula Genomics on August 11, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/11/2021

Acquired

$991

2

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

8/11/2021

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

2

10

10

10

Fenbushi Capital Fund History

2 Fund Histories

Fenbushi Capital has 2 funds, including BK Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

BK Fund

Bitcoin/Blockchain

1

Fenbushi Ecosystem Fund

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$99M

10

Closing Date

Fund

BK Fund

Fenbushi Ecosystem Fund

Fund Type

Bitcoin/Blockchain

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Status

Amount

$99M

Sources

1

10

Fenbushi Capital Team

4 Team Members

Fenbushi Capital has 4 team members, including current Founding Partner, Bo Shen.

Name

Work History

Title

Status

Bo Shen

Founding Partner

Current

Bo Shen

General Partner

Current

Feng Xiao

General Partner

Current

Vitalik Buterin

General Partner

Former

Name

Bo Shen

Bo Shen

Feng Xiao

Vitalik Buterin

Work History

Title

Founding Partner

General Partner

General Partner

General Partner

Status

Current

Current

Current

Former

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