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§ Venture Capital · New York City, NY, USA
Asia's blockchain-focused venture capital firm investing in blockchain companies and startups across diverse industries.
Fenbushi Capital is a blockchain-focused venture capital firm based in Shanghai, China, that invests exclusively in decentralized technologies and Web3 startups. The firm manages approximately $1.6 billion in assets under management and has built a global portfolio of over 300 companies operating across four continents. Operating as a financial backer for the digital asset ecosystem, the organization allocates capital to early-stage projects spanning financial technology, healthcare services, gaming, artificial intelligence, and supply chain infrastructure. Fenbushi Capital has directed investments toward prominent blockchain networks and enterprise platforms, including Ethereum, Polkadot, Filecoin, Consensys, and Circle, while also leading early rounds such as a $1 million seed investment in Tierion. Backed by an initial $50 million funding commitment from Wanxiang Group and advised by Vitalik Buterin, the firm was founded in 2015 by Dr. Feng Xiao and Bo Shen.
Key people at Fenbushi Capital.
Key people at Fenbushi Capital.
Fenbushi Capital is a pioneering Asia-based venture capital firm founded in 2015 that exclusively invests in blockchain technology startups across diverse industries such as finance, healthcare, and supply chain. Its mission is to accelerate the growth of the blockchain economy by supporting innovative companies globally, acting as a long-term strategic partner that provides not only capital but also technical expertise and industry insights. Fenbushi has built a strong portfolio of over 300 blockchain projects worldwide, including notable names like VeChain, 1inch, MakerDAO, and Consensys, reflecting its broad impact on the blockchain startup ecosystem[1][2][4].
Founded in Shanghai by prominent figures Bo Shen, Vitalik Buterin, and Dr. Feng Xiao, Fenbushi Capital was the first China-based venture capital firm to focus exclusively on blockchain startups. The firm quickly established itself as a key player in Asia and globally by leveraging the founders' deep expertise and networks in both blockchain and traditional finance. Over time, Fenbushi has evolved from early-stage investments in foundational blockchain infrastructure to supporting a wide range of applications in decentralized finance (DeFi), supply chain, healthcare, and consumer goods, maintaining a proactive role in guiding its portfolio companies' growth[1][2][4].
Fenbushi Capital rides the wave of blockchain and Web3 technology adoption, a trend reshaping traditional industries by enabling decentralized, transparent, and secure systems. The timing of its founding in 2015 coincided with the rise of Ethereum and smart contract platforms, positioning Fenbushi to capitalize on the explosive growth of DeFi, NFTs, and enterprise blockchain solutions. Market forces such as increasing demand for decentralized finance, supply chain transparency, and healthcare data security favor Fenbushi’s investment focus. Its influence extends beyond capital deployment, as it helps shape regulatory understanding and ecosystem development in Asia and globally[1][2][4].
Looking ahead, Fenbushi Capital is poised to deepen its impact by expanding investments in emerging blockchain sectors like zero-knowledge proofs, NFT financialization, and decentralized identity. As blockchain technology matures and regulatory frameworks evolve, Fenbushi’s role as a strategic partner will become even more critical in helping startups navigate complex markets. The firm’s continued emphasis on innovation and ecosystem building suggests it will remain a leading force in shaping the future of the blockchain economy across multiple industries[4].
Fenbushi Capital’s pioneering vision and robust network have made it a cornerstone of the blockchain venture capital landscape, driving the growth of transformative technologies that promise to redefine global finance, healthcare, and supply chain management.
Fenbushi Capital has more than 26 tracked investments across 26 companies. The latest tracked deal is $66.0M Other Equity in Huddle01 in February 2026.