Inception Ventures

Inception Capital is an early-stage Web3 venture capital firm that invests in blockchain founders and asset managers, operating across Chinese Mainland and the United States with team members in San Francisco and Shenzhen/Hong Kong. The firm focuses on providing early-stage funding and strategic support to crypto protocols and infrastructure companies, aiming to connect Asian and Western entrepreneurs driving global blockchain innovation. It manages approximately $80 million in assets under management through an $80 million fund, with about 75% deployed as of 2024, though the remaining 25% of committed capital will not be called. The team includes professionals such as Founder and General Partner David Gan, Investment Partner John Fan, and Head of Secondaries Felix Ke. Notably, the firm is backed by investor Bill Ackman. Inception Capital was founded in 2021 by David Gan, initially operating as OP Crypto.