Foresight Ventures was founded in 2021 (though some sources indicate 2020) and maintains headquarters in Singapore . The firm has emerged as one of the most active crypto venture capital players globally. The firm manages multiple funds including a VC fund, an actively-managed secondary fund, a multi-strategy FOF, and a private market secondary fund, with AUM exceeding $400 million . AUM increased to $400 million from $80 million following FV's acquisition of Singapore-based exchange and trading platform, BitGet, and its limited partnership with BitKeep .
Foresight positions itself as a research-driven investor focused on Web3, blockchain infrastructure, DeFi, NFTs, and gaming projects. The team is composed of veterans from top financial and technology companies such as Sequoia Capital, CICC, Google, Bitmain and many others . The firm's geographic focus bridges East and West, with teams in US and Asia and a strategic presence covering Singapore, Shanghai, and New York.
Notable Investments
The firm has deployed capital across more than 150+ investments including Story, TON, Aptos, Morph, 0G Labs, Sentient AI, The Block, and Foresight News . There are 7 unicorns in Foresight Ventures' portfolio . Other prominent portfolio companies include Matrixport (digital assets financial services), Everyrealm (metaverse developer), IoTeX (blockchain infrastructure), and WalletConnect.
In October 2025, Foresight launched a $50 million Stablecoin Infrastructure Fund, the industry's first dedicated vehicle focused on the entire stablecoin value chain . Since 2023, Foresight Ventures has made stablecoin infrastructure a strategic focus, backing projects including Ethena, Noble, Codex, Agora and WSPN . The firm has also invested in AI-focused blockchain projects such as Sleepless AI and Sentient AI.
Team
Forest Bai is the Co-Founder of Foresight Ventures and attended Tsinghua University . Bai pursued a master's degree in engineering from Tsinghua University in 2017 and spent four years in asset management before founding Foresight. However, Co-Founder Forest Bai stepped down from his management role and continues to support the Foresight Ventures team in an Advisor capacity as of August 2025.
Current leadership includes Investment Partner Alice Li and Investment Director Zac Tsui appointed to Partners in August 2025. Alice Li is Head of North America at Foresight Ventures, focusing on investments in stablecoin infrastructure, payment systems, AI applications, and social media. She previously spent many years in product growth roles at TikTok and Amazon . Zac Tsui previously worked at Ant Group, where he was responsible for strategic investments and incubation in the Web3 and blockchain sectors .
Recent Activity
Foresight Ventures acquired The Block on November 13, 2023 , giving the firm a powerful media arm alongside its proprietary Foresight News platform. In November 2024, the firm launched a new office at One World Trade Center in New York City on the 77th floor , reinforcing its U.S. expansion strategy.
The firm launched Foresight X in late 2022, an incubator program allocating $10 million to three different types of Web3 funding and collaborations . In 2025, it made 6 investments , with recent portfolio additions including Bio, August, and Endless. Foresight Ventures is one of the five most active investors globally in 2024 .
Foresight has demonstrated resilience during market downturns. The firm positioned itself strategically during the 2022-2023 bear market, continuing to deploy capital when others retreated. The acquisition of The Block during industry turmoil proved prescient, giving Foresight outsized influence over crypto media narratives. Its stablecoin infrastructure thesis has gained validation as regulatory clarity improves and institutions embrace digital dollars.
The firm's 2.29x retail ROI suggests solid but not exceptional public market performance relative to peers. Success stories include early bets on layer-1 protocols Aptos and TON, both of which achieved significant valuations. However, the firm's extensive portfolio of 150+ companies indicates a spray-and-pray approach that may dilute returns. The leadership transition in mid-2025, with founder Forest Bai stepping back, introduces uncertainty around investment strategy continuity. Still, Foresight's media assets, cross-border positioning, and focused stablecoin mandate position it well for the next cycle of institutional crypto adoption.
For more information, visit Foresight Ventures, Crunchbase profile, or The Block's coverage.
