Race Capital

Race Capital is an early-stage venture capital firm founded in 2019 and based in Palo Alto, California, with additional offices in New Taipei City, Taiwan, and Wanchai, Hong Kong. The firm specializes in investing in early-stage startups, particularly those involved in blockchain technology and the broader blockchain ecosystem, including sectors such as fintech, infrastructure, hardware, and information technology. Race Capital typically invests around $1 million in its portfolio companies and focuses on opportunities in Asia and emerging economies. The firm seeks to partner with exceptional founders who are dedicated to building market-transforming companies, emphasizing the importance of speed, timing, and a strong vision for the future.

Bernard Chan

Investor

Kenneth Cheng

Senior Director, Finance and Operations

Richard Lam

Partner

Edith Yeung

Co-Founder and General Partner

29 past transactions

Moonsense

Seed Round in 2023
Moonsense is a cross-platform toolset used by developers, data scientists, and product managers. Its application take advantage of the physical world by functioning as an intelligent conduit for sensor data.

Zeet

Seed Round in 2022
Zeet is a developer of an all-in-one DevOps software platform that simplifies the code deployment process. The platform enables users to deploy applications transparently across multiple cloud environments and regions, facilitating a cloud-native DevOps setup. By managing self-hosted open-source projects, Zeet allows organizations to streamline their deployment workflows, eliminating the need for a dedicated DevOps team. This focus on ease of use empowers users to concentrate on shipping their products efficiently.

Umami

Pre Seed Round in 2022
Umami is a developer of business intelligence and insights software that emphasizes user privacy and compliance with data protection regulations. The company offers an open-source web analytics tool designed to collect essential data while ensuring that no personally identifiable information is gathered. By anonymizing all collected data, Umami allows users to analyze website traffic without compromising individual privacy. Its software provides real-time insights into visitor behavior, enabling clients to engage in intelligent segmentation and targeting. Umami's commitment to transparency and community support positions it as a reliable solution for organizations seeking to navigate the complexities of evolving data privacy laws while effectively understanding their website visitors.

Opaque

Series A in 2022
Opaque is a startup that helps organizations analyze encrypted data in the cloud. Opaque Systems offers a service for secure data analytics and machine learning in the cloud. Opaque commercializes the open source MC2 Platform, which leverages a novel combination of two key technologies layered on top of state-of-the-art cloud security—secure hardware enclaves and cryptographic fortification.

OtterTune

Series A in 2022
OtterTune, Inc. offers an automated database tuning service designed to enhance the performance of data-intensive applications. Founded in 2020 and headquartered in Pittsburgh, Pennsylvania, the company employs advanced learning techniques to analyze database behavior. By continually adjusting runtime settings, OtterTune aims to optimize system performance, providing users with a more efficient and effective database management solution.

Irys

Seed Round in 2022
Bundlr is a decentralized platform that makes it fast and easy to store data on web3. It is a reliable, multichain solution that enables easy access to Arweave. Bundlr is responsible for processing over 90% of all data uploaded on Arweave and increases upload speeds by ~3000%. Bundlr is integrated on most platforms and is multi-chain compatible including Ethereum, Solana, and Avalanche.

Hedge

Seed Round in 2022
Developer of a capital-efficient protocol designed to provide liquidity on cryptocurrency assets. The company offers interest-free loans that provide users with instant liquidity without creating a taxable event with ongoing interest payments, enabling users to deposit and borrow against their Solana tokens.

Kado

Seed Round in 2022
Developer of a cryptocurrency platform designed to pay for goods and services directly with stablecoins. The company's platform provides the lowest fees for spending crypto tokens with a focus on API and SDK tooling for decentralized finance, enabling consumers and merchants with an easy way to enjoy the full benefits of fiat currency.

Notifi

Pre Seed Round in 2022
Developer of a messaging and communication infrastructure platform designed to simplify communication across all web3 messaging channels. The company's platform offers a messaging protocol for blockchain with easy integration, customizable, advanced features for decentralized applications, and website third-generation applications, enabling businesses to engage with their users via multichannel communications.

Allbridge

Seed Round in 2022
Developer of a cross-chain bridge designed for the decentralized cross-chain exchange of shares of tokenized vaults. The company's cross-chain bridge implements a delegation function for user assets and provides a marketplace for trading financial assets, enabling users to create and control their native blockchain vaults and transfer the ownership to third parties.

Zeet

Seed Round in 2022
Zeet is a developer of an all-in-one DevOps software platform that simplifies the code deployment process. The platform enables users to deploy applications transparently across multiple cloud environments and regions, facilitating a cloud-native DevOps setup. By managing self-hosted open-source projects, Zeet allows organizations to streamline their deployment workflows, eliminating the need for a dedicated DevOps team. This focus on ease of use empowers users to concentrate on shipping their products efficiently.

Scarf

Venture Round in 2021
The app store for software development tools

Zeta Markets

Seed Round in 2021
Developer of an under-collateralized Defi derivatives designed to offer liquid derivatives trading opportunities to individuals and institutions alike. The company offers derivatives ecosystem and creates user experiences and products that simplify the derivatives trading experience, enabling investors to hedge, speculate and take opinions on a limitless variety of market movements.

FTX

Series B in 2021
FTX Trading LTD is a cryptocurrency derivatives exchange founded in 2017 and based in San Francisco, California. The platform caters to both professional traders and novices, offering features such as futures trading, leveraged tokens, and an over-the-counter portal. It supports a variety of financial products, including quarterly and perpetual futures for major cryptocurrencies like bitcoin, ether, and binance coin, as well as various altcoin and midcap indices. FTX was co-founded by Sam Bankman-Fried and Gary Wang, with initial backing from Alameda Research, which provided significant liquidity from the outset. The exchange aims to enhance the cryptocurrency trading experience and facilitate institutional adoption within the sector.

Solend

Seed Round in 2021
Developer of decentralized protocol designed for lending and borrowing. The company improves capital efficiency by earning yields on idle funds and empowers a large range of DeFi yield strategies, enabling users to earn interest on deposits and borrow assets.

Databricks

Series H in 2021
Databricks Inc. offers a unified data analytics cloud platform focused on simplifying data engineering and collaborative data science. The company's platform facilitates data integration, real-time experimentation, and the deployment of production applications for developers and data scientists. Key products include Databricks, a cloud-based data processing solution, Databricks Delta for unified data management, MLflow for managing the machine learning lifecycle, and Delta Lake for handling batch and streaming data. Databricks serves a diverse range of industries, including advertising, healthcare, financial services, and manufacturing. The company, founded in 2013 and headquartered in San Francisco with additional offices in London, Amsterdam, and Bengaluru, has formed strategic partnerships with various technology firms. Additionally, Databricks Ventures invests in companies that align with its vision for data, analytics, and artificial intelligence, particularly through initiatives like the Lakehouse Fund, which supports the development of the lakehouse architecture.

Saber

Seed Round in 2021
Saber Labs is the cross-chain stablecoin and wrapped assets exchange on Solana.

Opaque

Seed Round in 2021
Opaque is a startup that helps organizations analyze encrypted data in the cloud. Opaque Systems offers a service for secure data analytics and machine learning in the cloud. Opaque commercializes the open source MC2 Platform, which leverages a novel combination of two key technologies layered on top of state-of-the-art cloud security—secure hardware enclaves and cryptographic fortification.

Dexlab

Seed Round in 2021
Dexlab is a decentralized exchange where the best Solana projects mint and list their tokens.

PolySign

Series B in 2021
PolySign, Inc. is a company based in Oakland, California, that specializes in providing custody services for digital assets, including cryptocurrencies. Founded in 2017, PolySign has developed a secure and scalable infrastructure designed for financial institutions, enabling them to effectively manage and trade digital assets. The platform supports a wide range of digital assets and offers institutional-grade custodial services, allowing asset managers and exchanges to operate in a secure and accessible environment. By integrating with existing financial organizations and adhering to rigorous regulatory standards, PolySign aims to facilitate the broader adoption and utilization of digital assets in global markets.

GoodNotes

Seed Round in 2020
GoodNotes is a developer and provider of an application software platform that enables users to take digital handwritten notes on iPads and iPhones. The application transforms the device's screen into digital paper, allowing for the creation of beautiful, searchable handwritten notes. Users can also draw mind maps, annotate PDFs, and engage in various other activities that enhance their note-taking experience. With its focus on combining functionality with an aesthetically pleasing interface, GoodNotes caters to individuals seeking a versatile tool for organizing their thoughts and ideas in a digital format.

Midas Labs

Angel Round in 2020
Midas Labs Inc. designs and manufactures application-specific integrated circuit (ASIC) for blockchain mining and artificial intelligence (AI) applications. The company develops and offers DeMiner application to allow users to mine open-source cryptocurrency Monero (XMR). It also provides fully-customized blockchain support for communities and enterprises, including both hardware and software services. Midas Labs Inc. was incorporated in 2019 and is based in Alhambra, California with an additional office in Taiwan.

Lightning Labs

Series A in 2020
Lightning Labs is building the next generation of decentralized, resilient financial infrastructure. We believe systems based on cryptography, blockchains, and smart contracts will enhance financial cooperation around the world in unprecedented ways at scales both large and small. We have developed Lightning Network Daemon (lnd) the most advanced and most developer-friendly implementation of the Lightning Network protocol. Along with Neutrino, an open platform that enables users with mobile devices to conduct blockchain and Lightning Network transactions quickly and easily. We’re hiring. See our open positions: http://lightning.engineering/careers.html Get involved: http://dev.lightning.community/

FTX

Seed Round in 2019
FTX Trading LTD is a cryptocurrency derivatives exchange founded in 2017 and based in San Francisco, California. The platform caters to both professional traders and novices, offering features such as futures trading, leveraged tokens, and an over-the-counter portal. It supports a variety of financial products, including quarterly and perpetual futures for major cryptocurrencies like bitcoin, ether, and binance coin, as well as various altcoin and midcap indices. FTX was co-founded by Sam Bankman-Fried and Gary Wang, with initial backing from Alameda Research, which provided significant liquidity from the outset. The exchange aims to enhance the cryptocurrency trading experience and facilitate institutional adoption within the sector.

FTX

Seed Round in 2019
FTX Trading LTD is a cryptocurrency derivatives exchange founded in 2017 and based in San Francisco, California. The platform caters to both professional traders and novices, offering features such as futures trading, leveraged tokens, and an over-the-counter portal. It supports a variety of financial products, including quarterly and perpetual futures for major cryptocurrencies like bitcoin, ether, and binance coin, as well as various altcoin and midcap indices. FTX was co-founded by Sam Bankman-Fried and Gary Wang, with initial backing from Alameda Research, which provided significant liquidity from the outset. The exchange aims to enhance the cryptocurrency trading experience and facilitate institutional adoption within the sector.

PolySign

Series A in 2018
PolySign, Inc. is a company based in Oakland, California, that specializes in providing custody services for digital assets, including cryptocurrencies. Founded in 2017, PolySign has developed a secure and scalable infrastructure designed for financial institutions, enabling them to effectively manage and trade digital assets. The platform supports a wide range of digital assets and offers institutional-grade custodial services, allowing asset managers and exchanges to operate in a secure and accessible environment. By integrating with existing financial organizations and adhering to rigorous regulatory standards, PolySign aims to facilitate the broader adoption and utilization of digital assets in global markets.
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