NGC Ventures is a Singapore-based blockchain and cryptocurrency venture capital firm. Originally founded under the name Neo Global Capital (NGC) around 2017, the fund was closely tied to the NEO blockchain ecosystem in its early years before expanding its mandate to cover the broader Web3 space. The rebranding to NGC Ventures reflected that broadened investment thesis – moving beyond a single chain into infrastructure, DeFi, GameFi, and cross-chain protocols across multiple networks.
The firm operates from Singapore, a jurisdiction that has become a hub for Asian crypto capital. NGC Ventures targets early-stage and growth-stage projects, typically taking a lead or co-lead role in seed and Series A rounds. With 33 tracked portfolio companies and 21 lead investments, the fund acts as an active rather than passive backer – taking board seats or advisory roles where it can add operational value. Public information about total assets under management is limited; the firm has not disclosed a formal AUM figure.
Notable investments
- CertiK – blockchain security and smart contract auditing platform; one of the most prominent portfolio exits in the NGC roster
- Harmony (ONE) – Layer 1 sharding protocol with a focus on low-latency, low-cost transactions
- Fetch.ai – AI and autonomous agent infrastructure on blockchain
- Ontology – enterprise-grade identity and data collaboration protocol, with roots in the NEO ecosystem
- WOO Network – liquidity and trading infrastructure connecting exchanges, institutions, and DeFi
The fund's retail ROI figure of 3.12× across tracked public rounds reflects a mixed record typical of early-stage crypto VCs: a handful of breakout winners offset by a larger tail of projects that underperformed or failed to generate liquidity events. Public information about specific write-offs or underperformers is limited.
Team
Tony Gu is the founding managing partner most consistently associated with NGC Ventures in public records. He has represented the fund at major industry conferences and led deal sourcing across Asian markets. Beyond Gu, detailed public profiles for additional partners or investment directors are limited. The team appears lean relative to larger multi-hundred-million-dollar funds, consistent with the firm's concentrated portfolio approach.
Recent activity
In the 2024–2025 cycle, NGC Ventures followed broader market trends toward AI-adjacent infrastructure, re-staking protocols, and appchain ecosystems. The fund participated in rounds for projects building on modular blockchain architectures and continued to back cross-chain tooling. No major new fund close or LP announcement has been confirmed in public sources as of early 2026.
NGC Ventures occupies a mid-tier position in the Asian crypto VC landscape – more established than newer entrants but operating below the AUM scale of firms like Multicoin Capital or Paradigm. Its edge lies in regional deal flow and its historical proximity to the NEO and broader Asian developer ecosystem. Whether the fund can adapt its model to increasingly competitive early-stage rounds – where token valuations at seed have compressed sharply since 2022 – will determine its relevance in the next market cycle. Investors tracking NGC Ventures can find additional background via Crunchbase.
