Trending...
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 112
- Avenue Dental Care North Spokane Offers Free Emergency Care to Firefighters
- City of Spokane Staff on Hand at Disaster Assistance Center
They were amongst several other top-tier Web3 venture capital funds
SAN FRANCISCO - Washingtoner -- Crypto news outlet The Block's Digital Asset Funding Landscape report was released last week and named Shima Capital one of the most active Web3 venture capital funds in the world in 2022. Shima Capital was founded by Yida Gao (Forbes 30 Under 30) in 2021 and is swiftly approaching 200-lifetime deals.
The report highlighted ten of the Most Active Investors (MAIs) which stood out the most, listing Shima Capital alongside other luminary venture capital funds such as Animoca Brands, Jump Capital, and Big Brain Holdings. Those ten Most Active Investors accounted for 644 unique deals in 2022. Not surprisingly, all funds were more active during the first half of the year as compared to the second half. Even with market conditions what they are, Shima Capital still found themselves investing in more than 100 of the aforementioned 644 deals.
Shima Capital, active since 2021, officially introduced itself to the world in August of 2022 via its fund launch announcement in Blockworks, and was also picked up by Cointelegraph and Coindesk.
More on Washingtoner
At the time, Yida Gao, the fund's founder and Managing General Partner, said, "We see a pocket of opportunity that's missing in the capital stack for Web3 in being the first institutional capital in the pre-seed." He continued, "We're trying to be the missing layer in Web3."
Yida Gao and his team at Shima Capital have identified several diverse verticals to invest in, ranging from decentralized finance (DeFi), regenerative finance (ReFi), blockchain gaming, cross-chain infrastructure, and applications, to name a few. Gaming holds the largest percentage amongst verticals in Shima's portfolio.
When he founded Shima Capital almost two years ago, Yida Gao's investment strategy was to back great founders. This was his philosophy throughout 2022 and there's no doubt that this will continue to be his approach in 2023 and beyond.
Although the pace of investments has slowed for Shima Capital and all other Web3 venture capital firms, the quality of investment will continue to be as high as ever for Yida Gao's growing fund.
More on Washingtoner
Click here for more on The Block's Digital Asset Funding Landscape report.
About Shima Capital
Shima Capital is a leading early-stage VC firm investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested.
As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies. For more https://shima.capital/
The report highlighted ten of the Most Active Investors (MAIs) which stood out the most, listing Shima Capital alongside other luminary venture capital funds such as Animoca Brands, Jump Capital, and Big Brain Holdings. Those ten Most Active Investors accounted for 644 unique deals in 2022. Not surprisingly, all funds were more active during the first half of the year as compared to the second half. Even with market conditions what they are, Shima Capital still found themselves investing in more than 100 of the aforementioned 644 deals.
Shima Capital, active since 2021, officially introduced itself to the world in August of 2022 via its fund launch announcement in Blockworks, and was also picked up by Cointelegraph and Coindesk.
More on Washingtoner
- Spokane: Notice of Intent to Make a Section 4(f) De Minimis Impact Determination
- Spokane Complex Fire Parks & Recreation update 08-12-26
- Ignazio Arces Wins Stevie® Award for Maverick of the Year at the 2026 International Business Awards
- Tickeron Highlights AI Trading Agent Performance Across Multiple Market Sectors
- Stop Bleeding Cash on Mediocre Talent. Build a Powerhouse Remote Team Instead
At the time, Yida Gao, the fund's founder and Managing General Partner, said, "We see a pocket of opportunity that's missing in the capital stack for Web3 in being the first institutional capital in the pre-seed." He continued, "We're trying to be the missing layer in Web3."
Yida Gao and his team at Shima Capital have identified several diverse verticals to invest in, ranging from decentralized finance (DeFi), regenerative finance (ReFi), blockchain gaming, cross-chain infrastructure, and applications, to name a few. Gaming holds the largest percentage amongst verticals in Shima's portfolio.
When he founded Shima Capital almost two years ago, Yida Gao's investment strategy was to back great founders. This was his philosophy throughout 2022 and there's no doubt that this will continue to be his approach in 2023 and beyond.
Although the pace of investments has slowed for Shima Capital and all other Web3 venture capital firms, the quality of investment will continue to be as high as ever for Yida Gao's growing fund.
More on Washingtoner
- Crownlight Strategies® Announces Federal Trademark Registration
- Spokane: PPE Available to Those Returning Home After New Evacuation Downgrades
- Spokane Police Respond to a Vehicle vs. Pedestrian
- New Book Calls 'Sense of Belonging' the Missing Link in Student Success
- Tacoma City Council Set to Join Pierce County's Efforts to Launch Unified Regional Approach to Reduce Homelessness
Click here for more on The Block's Digital Asset Funding Landscape report.
About Shima Capital
Shima Capital is a leading early-stage VC firm investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested.
As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies. For more https://shima.capital/
Source: Shima Capital
0 Comments
Latest on Washingtoner
- Gateway Center Arena Announces Duane Curry as General Manger
- Spokane Police Respond to Overnight Shooting in Garland District
- XRPPower Expands Platform Security With Enhanced Brand Protection and Official Verification Standards
- Spokane-Area VFW Posts Open Their Doors to Wildfire Evacuees
- QuickBooks Online Advanced: Features, Benefits Guide
- Cuvo Health, the #1 White Label Telehealth Platform, Surpasses 300 Exclusive Providers Serving All 50 States
- Spokane: City To Provide Extra Garbage Collection for Downgraded Evacuation Zones
- Spokane: City offers guidance on safely returning home after fires
- Qustone Brings Leadership as Infrastructure to the Commercial Space Ecosystem
- Inappropriate Jazz - It's a Musical!
- Spokane: City Testing Shows Water Quality is Safe
- RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation
- UK Financial Ltd Makes History: Chainlink CRE Circulating Supply Verification Goes Live Across Its Complete Ecosystem Of Nine Exchange-Traded Tokens
- International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea
- WDTA Hosts Landmark DWC Seattle AI Summit in Bellevue, Bridging AI Governance and Innovation
- City of Spokane Staff on Hand at Disaster Assistance Center
- Tacoma: Homicide Investigation – 2100 block of N 30th St
- The City's Most Elegant Open-Air Dinner Party Returns September 12, 2026
- Spokane: Incorrect Info Regarding Downgraded Evacuation Status on Popular App
- FDA Clears Major Regulatory Hurdle as Preservative-Free Ketamine Program Moves Within Reach of Commercialization: NRx Pharmaceuticals: (NAS DAQ: NRXP)