[Crypto VC’s trend]’Nervos’ 500 Startups, Sequoia Capital China, FBG etc…invested by 21 companies

Heritage blocks
Sep 5, 2018 · 3 min read

Hi guys it’s Heritageblocks.

Today’s item is ‘Nervos’ updates on 24th July on ‘Crunchbase’. There are a lot of updates recently, but I think it’s a project to look at before it’s too late. First of all, the funding size is $28M. So far, it’s not really big, or small quite reasonable

But it’s a bit surprising looking at the investors.
Marked some familiar in red. The total investment listed so far is 21.

Ceyuan, BlockChain Capital, FBG Capital, Polychain, 1 Confirmation,
If only Huobi Capital, Decrypt Capital, zk,1kx
These are famous main VCs for other many projects, and now, they are all together here.

furthermore, there’s a lot of big investors 500 Startups, Sequoia Capital China is also there. what’s happening.

*zk Capital, Matrix Partners China, didn’t check by mistake.

And I looked for Matrix Partners China. found that It’s a professional investor with a fairly long history (starting with US, head office, 1977)
Through the homepage, able to check invested in various companies in China

I’m sure many of you are wondering about the company that hit the yellow box. ‘Shanghai Wanxiang blockchain Inc.’

Wanxiang? Yes, it says that this is the Wanxiang group at Quantum.
It looks like Wansang Group’s specialized blockchain research/investment site. Interesting it’s with the Nervos project.

The list of investment companies on the homepage and the crunchbases list match substantially. Investor listed on the website are 28 companies, 7 more than the 21 investment records registered in the Crunchbase.
$28M is not much with these many groups. seems some just put little.

If you look at the bottom of the homepage,
Two company marks are recorded as strategic partners.
I’m surprised to see ‘China Merchants Bank’ hanging out front.
I don’t think they got a loan and put it on.

China Merchants Bank is not as big as Chinese Industrial Bank, a construction bank, or an agricultural bank. but it’s a huge bank. Based on the dollar-based gross assets last year, it’s world’s 32nd rank.
It’s not just an investment company but partner. i’d like to see how the partnership will proceed.

* Nervos’ Strategic Partner
* Rank total assets based on ’17 settlement based onhttps://www.relbanks.com

Investors and partners aren’t the only ones to see. It seems a little bit different from a normal project. I’ll analyze it in detail and put it up separately.

Homepage: https://www.nervos.org/
Telegram: https://t.me/nervosnetwork
WhitePaper :https://github.com/NervosFoundation/binary/blob/master/whitepaper/nervos-ckb.pdf


Please feel free to leave a comment if have anything to share.

Contact : contact@heritageblocks.com

Heritage blocks

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Korean Blockchain accelerating solution provider

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