Waterdrip Capital

Waterdrip Capital is a venture capital firm established in 2017 and headquartered in Shanghai, China. The firm specializes in investments within the blockchain industry, focusing on innovative projects and companies that leverage blockchain technology. Waterdrip Capital aims to support the growth and development of the blockchain ecosystem by providing financial backing and guidance to promising ventures in this sector.

Jialing Liu

Founder

Yige Shi

Managing Partner

Past deals in Bitcoin

Prosper

Venture Round in 2024
Prosper connects Bitcoin mining to the blockchain, which is run by a community-based organization. Bitcoin hashrate and Bitcoin are fully exposed by the sole decentralized protocol. Prosper's token foundation directly controls the underlying hashrate that supports the token supply and collaborates with top industry players to acquire and oversee that hashrate for the benefit of holders.

B² Network

Seed Round in 2024
B² Network is a Bitcoin Layer 2 network that utilizes ZK rollup and on-chain logical gate commitment verification mechanisms. It is a supplementary network that runs on top of the Bitcoin Network. It also introduces smart contracts to Bitcoin, which could open up new possibilities for DeFi, NFTs, and derivatives.

BiHelix

Seed Round in 2024
BiHelix is a bitcoin native infrastructure that offers user-friendly and scalable application framework for the Bitcoin ecosystem, allows users to build any type of DApp on bitcoin.

Zulu Network

Pre Seed Round in 2024
Zulu Network is a bitcoin networking platform that focuses on enhancing the Bitcoin ecosystem through its innovative layer structure. It supports both Ethereum Virtual Machine (EVM) and Unspent Transaction Output (UTXO) functionalities, allowing developers to create decentralized applications with improved scalability and efficiency. The platform's modular, dual-layer architecture facilitates versatile development, enabling users to leverage the benefits of both Bitcoin and Ethereum technologies. By providing tools and infrastructure for decentralized application development, Zulu Network aims to drive significant advancements in the functionality and accessibility of Bitcoin-based solutions.

CELL Studio

Seed Round in 2024
CELL Studio is a technology company specializing in blockchain software development. It primarily focuses on the Bitcoin (BTC) ecosystem, aiming to drive integration and enhance interoperability and scalability. The company's services include exploring Layer Two frameworks, integrating Nostr, facilitating micropayments, and developing intent-based decentralized applications (d-apps).

Satoshi Protocol

Pre Seed Round in 2024
Satoshi Protocol operates a decentralized ecosystem, offering a stablecoin collateralized by Bitcoin. This stablecoin, similar to a customer data platform, enables users to leverage Bitcoin for decentralized finance (DeFi) applications while preserving Bitcoin's security and decentralization, thereby enhancing its usability for daily spending.

BEVM

Seed Round in 2024
BEVM is a decentralized platform focused on enhancing the Ethereum ecosystem by enabling its operations on Bitcoin Layer 2. The company develops an EVM-compatible blockchain platform that facilitates crypto exchange, offering users an intuitive omnichannel self-hosted wallet. This wallet allows users to retain control of their private keys on their devices, ensuring heightened security. Additionally, BEVM provides a comprehensive inscription service for ordinals, catering to the needs of its users while promoting seamless interaction within the cryptocurrency landscape.

AINN Layer2

Seed Round in 2024
AINN Layer2 is a decentralized network focused on developing a Bitcoin Layer2 platform that facilitates the deployment of large-scale AI applications. The company emphasizes the performance and cross-chain support of various digital assets, allowing for seamless interoperability. Its innovative architecture features a modular subnet and a decentralized computation engine, enhancing the credibility and efficiency of transactions. AINN Layer2 enables users to manage critical functions such as registration, deregistration, rewards, and scoring for provers and miners, making it a significant player in the Web3 AI ecosystem.

Bison Labs

Pre Seed Round in 2024
Bison Labs is an innovative company focused on enhancing the capabilities of the Bitcoin network through a specialized rollup solution. The company has developed a blockchain platform that aims to redefine decentralized finance by enabling advanced features such as smart contract functionality without the need for modifications to existing code. This technology not only improves transaction speeds but also provides a secure and decentralized environment for trading. As a result, Bison Labs equips traders with the necessary speed and security while offering developers essential tools and resources to create robust applications.

Bitlight Labs

Seed Round in 2024
Bitlight Labs is a developer focused on building infrastructure that leverages the RGB protocol and the Bitcoin Lightning Network. The company aims to implement advanced trading infrastructure and deploy applications that utilize RGB smart contracts, creating a Turing-complete system for native Bitcoin asset issuance and decentralized finance. Additionally, Bitlight Labs offers the development of automated market makers, which enable clients to access Bitcoin application extensions for trading and facilitating fast transactions. Through its innovative approach, Bitlight Labs seeks to enhance the functionality and accessibility of Bitcoin-based applications.

BitSmiley

Initial Coin Offering in 2024
BitSmiley is a cryptocurrency platform focused on providing comprehensive Bitcoin DeFi solutions, specifically addressing gaps in stablecoin and lending infrastructure within the Bitcoin ecosystem. The company's primary offering is an over-collateralized stablecoin, which allows users to leverage Bitcoin as collateral through the BitSmileyDAO and mint BitUSD. In addition to stablecoin services, BitSmiley specializes in peer-to-peer lending and has developed insurance and credit default swap derivatives based on its lending framework. This enables users to access a variety of financial services, including stablecoin transactions, lending options, and related derivatives, contributing to a more versatile and robust financial ecosystem.

B² Network

Seed Round in 2024
B² Network is a Bitcoin Layer 2 network that utilizes ZK rollup and on-chain logical gate commitment verification mechanisms. It is a supplementary network that runs on top of the Bitcoin Network. It also introduces smart contracts to Bitcoin, which could open up new possibilities for DeFi, NFTs, and derivatives.

Ordz Games

Seed Round in 2023
Ordz Games is a gaming provider focused on the Bitcoin eco-chain, specializing in blockchain-based gaming solutions. The company has developed a platform that offers reward-based games with cryptocurrency support, allowing users to engage in retro games while earning game points. Additionally, Ordz Games features a social gaming environment that integrates crypto trading, where players can earn pass tokens by winning games. This unique approach combines traditional gaming experiences with modern cryptocurrency incentives, catering to a growing audience interested in both gaming and blockchain technology.

VirgoCX

Series A in 2023
VirgoCX is a prominent regulated cryptocurrency trading platform based in Canada, focused on providing a secure, user-friendly, and cost-effective environment for trading digital currencies. The company offers a fiat-to-crypto exchange platform that facilitates the buying and selling of cryptocurrencies, catering to both individual users and professional traders. With a commitment to enhancing the trading experience, VirgoCX employs advanced technology, multi-level security measures, and comprehensive trading analytics. Additionally, the platform supports robust international payment services, enabling users to efficiently manage their cryptocurrency transactions and maximize their trading potential.

UXUY

Seed Round in 2023
UXUY is a company focused on developing a next-generation decentralized trading platform based on multi-party computation (MPC) technology. It aims to simplify access to cross-chain liquidity through its innovative aggregation protocol. UXUY offers a stablecoin-centric ecosystem that facilitates cross-chain payments, allowing investors to seamlessly transact across multiple blockchain networks. The company provides easy integration options with versatile APIs and libraries, enhancing the user experience and accessibility for a variety of investors.

DLC.Link

Pre Seed Round in 2022
DLC.Link is a platform that enables users to lock their Bitcoin in a non-custodial escrow while maintaining full ownership. By allowing users to supply their Bitcoin as collateral, the platform facilitates the earning of yield without the risks associated with centralized custodians, which have historically resulted in significant losses due to hacks and failures. Currently, only a small percentage of Bitcoin is actively utilized, but DLC.Link aims to unlock the remaining liquidity by enabling over $1 trillion in Bitcoin to be available for lending on Ethereum and other blockchains. The platform employs a decentralized approach, utilizing a network of independent node operators to validate transactions, thus providing a secure and efficient solution for cryptocurrency traders and application developers.
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