LongHash Ventures Company Profile

Background

LongHash Ventures, established in 2018, is a leading Web3 investment fund and accelerator headquartered in Singapore. The firm is dedicated to collaborating with founders to develop their Web3 models and harness the vast potential of the Asian market. With a mission to catalyze growth for the next generation of the Web, LongHash Ventures has invested in over 60 projects, including notable names like Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe, and Balancer.

Key Strategic Focus

LongHash Ventures concentrates on multi-chain Web3 infrastructure projects that support key verticals such as Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), GameFi, and the Metaverse. The firm invests in projects and teams from pre-seed to Series A stages, aiming to identify founders and projects with significant potential early on. Through its accelerator arm, LongHashX, the company provides hands-on support to help teams achieve their potential and succeed.

Financials and Funding

In August 2022, LongHash Ventures announced the launch of its $100 million LongHash Ventures Fund II, receiving strong support from global investors and industry veterans. The fund has raised capital from well-known Web3 venture capitalists, single-family offices, and Web3 founders, including Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, and Synthetix founders Kain and Jordan Warwick. The fund continues to accept capital until the end of the year.

Pipeline Development

LongHash Ventures has backed more than 60 projects, including Polkadot, Astar, Dodo, Coinshift, Acala, Zapper, Gnosis Safe, and Balancer. The firm also invests in the pipeline of projects graduating from its accelerator arm, LongHashX. Since its inception in 2018, the LongHashX Accelerator has partnered with protocols like Polkadot, Filecoin, and Algorand to build more than 50 global Web3 projects, which have collectively raised over $150 million in the past four years.

Technological Platform and Innovation

LongHash Ventures distinguishes itself through its accelerator arm, LongHashX, which has emerged as Asia's leading Web3 accelerator. The accelerator has partnered with major protocols to accelerate the growth of their respective ecosystems. Notable alumni include projects such as Astar, Xanpool, and Lit Protocol.

Leadership Team

Emma Cui: Founding Partner and CEO. Emma leads the firm's strategic direction and operations, leveraging her extensive experience in venture capital and blockchain technology.

Jonathan Kochmer: Chief Information Officer & Co-Founder. Jonathan oversees the firm's information systems and technology strategies.

Elise Tan: Vice President, Investor Relations & Partnership. Elise manages relationships with investors and strategic partners.

Jianbo Wang: Head of Hong Kong. Jianbo leads the firm's operations and initiatives in the Hong Kong region.

Chenxi Cai: Senior Investment Analyst. Chenxi is responsible for analyzing investment opportunities and supporting portfolio companies.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within the company's leadership team.

Competitor Profile

Market Insights and Dynamics

The global blockchain market has experienced significant growth, with investments reaching approximately $30 billion in 2021, representing a substantial increase from $3 billion in 2020. The market is projected to grow at a compound annual growth rate (CAGR) of over 67% from 2022 to 2027, potentially reaching $163.24 billion by 2027.

Competitor Analysis

LongHash Ventures operates in a competitive landscape alongside other established accelerators and venture capital funds in the blockchain space. Notable competitors include:

Andreessen Horowitz: A prominent venture capital firm with a dedicated crypto fund, having raised over $3 billion for its crypto-focused investments.

Binance Labs: The venture capital arm of Binance, managing over $1 billion in assets and investing in various blockchain projects.

Digital Currency Group: A venture capital firm with extensive resources, managing over $1 billion in assets and investing in a wide range of blockchain and cryptocurrency companies.

Strategic Collaborations and Partnerships

LongHash Ventures has formed strategic partnerships to strengthen its market position and innovation capacity. Notably, the firm partnered with Terraform Labs to launch the Terra arm of its LongHashX Accelerator, providing up to $500,000 in funding and guidance to selected Web3 projects.

Operational Insights

LongHash Ventures' unique value lies in leveraging its accelerator arm, LongHashX, to bootstrap the Asian ecosystem for the protocols it invests in. By providing hands-on support and using its crypto-native knowledge and resources, the firm helps teams achieve their potential and succeed. Being headquartered in Singapore with team members distributed across Asia, including China, Malaysia, and India, LongHash Ventures is uniquely positioned to help projects scale faster across the Asian region.

Strategic Opportunities and Future Directions

LongHash Ventures aims to expand its investments into other stages beyond pre-seed to seed rounds, supporting more founders through subsequent funding rounds. The firm continues to focus on multi-chain Web3 infrastructure projects that support key verticals such as DeFi, NFT, GameFi, and the Metaverse. By running both an accelerator and an early-stage fund that provides hands-on support, LongHash Ventures is well-positioned to identify and invest in founders and projects with massive potential early on.