Shima Capital, a San Francisco, CA-based international enterprise agency that invests in early-stage blockchain corporations throughout all market cycles, launched its debut fund.
Shima Capital Fund I raised $200 million receiving assist from notable traders together with Dragonfly Capital, Invoice Ackman, Animoca, OKex, Mirana Ventures, Republic, and Andrew Yang, amongst others.
Based in 2021 by veteran investor Yida Gao, Shima Capital helps blockchain startups of their earliest levels (i.e. pre-seed and seed) by offering hands-on oversight to assist maximize every firm’s worth. Its inaugural fund goals to deploy capital when founders want it probably the most along with serving to rent expertise, construct group, amplify narratives, and foster the acceleration of technical analysis and improvement. The group consists of seasoned traders, completed operators, and former founders who align on a mission to assist daring groups construct and scale their corporations.
Shima invests within the earliest rounds of blockchain startups throughout all verticals with examine sizes of $500,000 to $2,000,000. Areas of focus embody however are usually not restricted to client (e.g. decentralized id, social media, content material possession, DAO’s), gaming & metaverse, composable monetary techniques (e.g. sustainable DeFi, regenerative finance, funds & settlement), decentralized infrastructure (e.g. information platforms, blockchain automation, cross-chain communication), and next-generation blockchain expertise (e.g. Layer 1/2, zero-knowledge proofs, safety).
The fund’s funding technique can be led by Gao who beforehand served as Co-Founder and Normal Associate of Divergence Digital Forex, a $100m+ crypto hedge fund that has grown over 15x since inception in 2017. Gao was additionally beforehand Normal Associate of Struck Capital, a Los Angeles-based enterprise capital agency. Prior, he held roles as a expertise investor at New Enterprise Associates, a $25Bn+ enterprise capital fund, and as an M&A funding banker at Morgan Stanley. Gao graduated from MIT with levels in arithmetic and laptop science and briefly attended Stanford’s Graduate College of Enterprise. He teaches the 15.492: Crypto Finance course at MIT.
Gao is joined by a group of traders and professionals who possess confirmed monitor information of sourcing expertise and driving profitable investments at a few of the high expertise corporations. These embody:
- Carl Hua, who serves as Funding Associate and Chief Know-how Officer, was previously the Chief Architect of Celsius and Head of DeFi at Ripple the place he’s nonetheless an advisor. Hua additionally beforehand served as Chief Know-how Officer and Co-Founding father of Logos Community, which was acquired by Ripple in 2019. He has additionally held engineering positions at JPL NASA and Northrop Grumman.
- Alex Lin, who serves as Head of Analysis, was beforehand a Enterprise Associate at Outdated Trend Analysis, a multi-strategy Web3 fund managed by former Binance executives. Lin has served as a Fund Supervisor at Massive Pink Ventures, Cornell College’s student-run, early-stage enterprise capital fund, and as Co-Founding father of Tether Well being, an early-stage digital well being startup. Lin’s profession additionally consists of roles as Product Supervisor of two efficiently exited startups (i.e. Teads, Concertiv) and as a Deloitte advisor.
- Chris Adams, who serves as Head of Expertise, was previously the Head of Expertise at Atomic VC the place he helped scale groups from seed to collection C and rolled out expertise packages for early groups. Adams served as the primary hiring lead at Uber and personally employed 300 candidates whereas main a group of 20. He additionally led recruiting efforts for numerous groups at Google and Pinterest.