Fenbushi Capital is one of the pioneers among the blockchain-focused venture capital funds in Asia, founded in Shanghai in 2015 by Bo Shen, Vitalik Buterin, Xiao Feng. Fenbushi connects the top specialists across the blockchain and traditional financial industries, and has backed over 120 technology projects around the world up to date.
Fenbushi’s interests include such industries as DeFi, blockchain services, blockchain infrastructure, CeFi, healthcare, supply chain, and consumer goods. The Fenbushi Capital team takes a pro-active role as a long-term strategic partner of its portfolio projects.
Fenbushi Capital Overview
Fenbushi Capital - About
Fenbushi Capital is one of the pioneers among the blockchain-focused venture capital funds in Asia, founded in Shanghai in 2015. Fenbushi has very strong network and influnce in China and very tight connection with VeChain, a company running a Layer 1 blochain network and VETH and VET tokens. The fund has backed over 120 technology startups around the world to date.
The fund was established by three very prominent people:
- Dr. Feng Xiao, a founder of Wanxiang Blockchain Labs, and also a founder of one of the largest investment funds in China – Bosera Asset Management with over $230 billion in AUM),
- Bo Shen. a co-founder of Invictus Innovations Incorporated, a BitShares backing team, who has a wealth of experience in the traditional finance sector, hedge funds and investment banks
- Vitalik Buterin, a co-founder and visioner of Ethereum-blockchain, who was also at the origin of the creation of the fund, but exited from the general partner members during the period of rapid evolution of Ethereum.
This team of A-class crypto actors made Fenbushi an investment shark on the Asian and global crypto markets with a lightning speed.
With such considerable expertise, the Fenbushi Capital fund is deservedly regarded as one of the most influential players in Asia.
Some of the prominent projects supported by Fenbushi are VeChain, 1Inch, Good Crypto, FalconX, Consensys, BitDAO, CoinList, Flow, Mina, MakerDAO, Kusama, and Messari, with a plethora of different others.
Here is the current balance of interests in the portfolio.
Total number of investments: 106
- Blockchain Service: 39.8%
- Blockchain Infrastructure: 23.7%
- DeFi: 16.1%
- CeFi: 9.3%
- GameFi: 5.9%
- NFT: 2.5%
- Social: 1.7%
- Currency: 0.8%
Fenbushi Capital - Industries
Fenbushi Capital - Portfolio Performance
Fenbushi Capital – Investment Rounds
| Project | Score | Round | Date | Round price | FDV | Status | Industry |
|---|---|---|---|---|---|---|---|
 goodcryptoX | 75 | Seed | 30 Jun, 22 | $0.015 | $25M | Active | |
 FalconX | N/A | Seed | 01 May, 21 | N/A | N/A | Past | |
 Fuel Network | 77 | Seed | 22 Sep, 21 | N/A | $200M | Past | |
 Eclipse Crypto Network | 65 | Private | 12 Mar, 24 | N/A | N/A | Past | |
 Recall Network | 62 | Private | 16 Feb, 22 | N/A | N/A | Past |
Fenbushi Capital – Portfolio
| Score | Project | Current Price | Chg (24h) | Retail ROI | Retail ATH ROI | Industry |
|---|---|---|---|---|---|---|
75 | goodcryptoX | $0.000113 | 0.61% | 0.00504x | 8.27x | |
N/A | FalconX | N/A | N/A | N/A | N/A | |
77 | Fuel Network | $0.000785 | 1.84% | 0.0392x | 4.19x | |
65 | Eclipse Crypto Network | $0.000883 | 1.05% | N/A | N/A | |
62 | Recall Network | $0.0346 | 4.84% | N/A | N/A |
Fenbushi Capital – Co-investors
| Fund | Score | Type | Project Support | Social Influence | Retail ROI | Co-investments | Total Investment |
|---|---|---|---|---|---|---|---|
 HashKey Capital | High | Venture | Very High | Very Low | 0.763x | 4 | 43 |
 Coinbase Ventures | Very High | Exchange | High | High | 1.36x | 4 | 86 |
 ConsenSys | High | Corporate | High | Very High | 1.71x | 4 | 12 |
 CoinFund | High | Venture | Very High | High | 53.27x | 3 | 21 |
 Stani Kulechov | N/A | Angel Investors | High | Very High | 0.153x | 3 | 15 |
