The Spartan Group

spartangroup.io

Medium

Overview

On-chain Holdings

𝕏 Statistics

Details

The Spartan Group is a leading blockchain investment and advisory firm based in Singapore and Hong Kong. Its investment style is mainly characterized by long-term strategy and value investment. They are committed to finding blockchain projects with strong fundamentals, long-term growth potential, and innovation. The agency also focuses on trends and macroeconomic factors in global markets, as well as policies and regulations that have an impact on the blockchain industry.

Category:

Crypto-Native Fund

Founded: 2018

Location: Hong Kong, Singapore

Team

Kelvin Koh

Partner&CIO

Casper Johansen

Partner&Co-Head

Melody He

Partner&Co-Head

Aditya Saraf

Executive Director

Tommy Chang

Gaming lead

Adrian

Head of Studio

Leeor Groen

Managing Director

Tumilet

Investment Analyst

Investment Map

Investment Size

Fundraising

Galaxy

Date	Amount	LP
Mar 08, 2022	$200 M	--
Jun 01, 2021	$110 M	--

Investments

Solv Protocol

Decentralized Bitcoin Staking Protocol

Celestia

Modular blockchain network

RedStone

Cross-chain data oracle

Centrifuge

The on-chain ecosystem for structured credit

Illuvium

Open-world RPG adventure game

Alex

Bitcoin DeFi platform

Open Custody Protocol

Modular custody solution

Acquired

Animoca Brands

Web3 game software company and venture capital company

Pendle

Yield trading protocol

Maple Finance

On-chain institutional capital marketplace

Manta Network

Multi-modular ecosystem for ZK applications

LayerZero

Omnichain Interoperability Protocol

Synthetix

Decentralized synthetic asset platform

Sui

Layer 1 blockchain

Fuel

High-performance Ethereum L2

Polygon

Decentralised Ethereum scaling platform

Galxe

Web3 credential data network

The Graph

Decentralized protocol for indexing and querying blockchain data

Arbitrum / Offchain Labs

Ethereum Layer2 scaling solution

Mantle Network

A high performance Ethereum layer-2 network with modular design

dYdX

Decentralized Exchange

Stacks

Bitcoin L2

Particle Network

Chain abstract infrastructure provider

Nubit

Trustless World Computer for Bitcoin

Zentry

Gaming Superlayer

API3

Oracle Solution

peaq

Web3 network powering the Economy of Things on Polkadot

Berachain

EVM-equivalent L1

Zeus Network

Permissionless Communication Layer on Solana and Bitcoin

Gomble Games

Strategic Casual Game Studio

XION

Wallet-less Chain Abstraction L1

Parallel

Sci-Fi Franchise and Card Game

Kinto

KYC'ed Layer 2

SHRAPNEL

Multiplayer first-person shooter

Cyber

The L2 for Social

Kaito

Distribution center of crypto

Maverick Protocol

Decentralized trading protocol

Neon

Ethereum Virtual Machine (EVM) on Solana

Omni Network

Interoperability layer for Ethereum

Obol Network

Ethereum POS consensus protocol and ecosystem

Scroll

A native zkEVM Layer 2 Solution for Ethereum

Unstoppable Domains

NFT domains provider

pSTAKE Finance

Liquid staking protocol

ConsenSys

Ethereum and decentralized protocols software company

Goldfinch

Decentralized credit protocol

1inch

Decentralized Exchange Aggregator

Beam

Sovereign network focused on gaming

Secret Network

Private blockchain network based on Cosmos SDK

Acala

Decentralized finance network

Alchemix

Future-yield-backed synthetic asset platform

Immortal Rising 2

Dark fantasy RPG game

August

Institutional On-Chain Finance Protocol

Catalyst

Interchain liquidity protocol

Acquired

Anoma Network

Intent-centric, privacy-preserving protocol

zkCandy

The gaming epicentre for the ZK ecosystem

SYMMIO

Decentralized derivatives protocol

Kroma

Universal ZK Rollup based on the Optimism Bedrock

Delabs Games

Web3-focused gaming studio

Contango

Decentralized Exchange

B² Network

Bitcoin Layer-2 Network

Sophon

Modular blockchain

SolanaFM

A friendly Solana explorer

Acquired

Chaos Labs

Automated economic security system for crypto protocols

Bware Labs

Decentralized API platform

Acquired

zkMe

Web3 credential network

Essential

Intent-based infrastructure & tooling

Moonveil

Web3-focused gaming studio

OpenLayer

Modular authentic data layer

E4C: Final Salvation

eSports MOBA game

Kintsu

Liquid staking protocol

Enso

Intent engine powering the intent-centric future

XOCIETY

Gaming metaverse with shooter mechanics

Cookie3

MarketingFi platforms

MultiVM

Layer2 for multi-language smart contract

Merlin Chain

Bitcoin Layer 2

Planet Mojo

A web3 gaming metaverse

Morph

Optimistic zkEVM scaling solution

MetaCene

Blockchain-based MMORPG

Metalcore

Mechanized combat NFT-based game

Play Network

Gaming layer 0 protocol

Pontem Network

Aptos Product Studio

tanX

Decentralized order-book exchange

Coin98 Finance

All In One DeFi Platform

Shardeum

EVM-based smart contract platform

Aspecta

AI-powered asset network

DFlow

Decentralized order flow marketplace

Credora

Infrastructure for institutional credit

Nayms

Crypto-Native Insurance Market

Affine

Ssmart yielding strategies for crypto investors

Spectra

The yield derivatives marketplace

Hubble Protocol

Solana borrowing and lending marketplace

Yesports

E-sports virtual world platform based on NFT

Sweatcoin

Move-to-Earn app

Pintu

Indonesian cryptocurrency exchange

Blocklords

Web3 strategy game

Zecrey

Ethereum Layer 2 Privacy Protocol

Omni

Web 3 super app

Apeiron

Web3 god game

Stargate Finance

Composable liquidity transport protocol

Origin Protocol

Bringing NFTs and DeFi to the masses

Rebase

AR Adventure and M2E App

Agoric

Layer 1 protocol

Chain of Alliance

RPG Gaming Multiverse

Wilder World

Immersive 5D Metaverse

Port Finance

Decentralized lending-borrowing protocol

Gear

WASM based smart contract platform

Decimated

Blockchain Open World Survival Game

Beta Finance

Money market protocol

Genopets

Move-to-Earn NFT mobile game

Decentral Games

Builds games that give players economic freedom

Gamma

Liquidity management platform for Uniswap v3

Tranchess

Yield-enhancing asset tracker protocol

Set Protocol

Asset management platform

rhino.fi

Layer2 gateway to multi-chain DeFi

Zapper

Asset management platform for Web3

Notional Finance

Decentralized lending-borrowing protocol

Tokemak

Providing sustainable liquidity across DeFi

Shyft Network

Building trust into data for the future of blockchain compliance

SNS

A Humanized ID for the Metaverse

Stella

One-stop site for builders to start Web3 projects

Ampleforth

Algorithmic rebase cryptocurrency

Token Terminal

Encrypted financial data aggregation platform

TabTrader

Crypto trading aggregator

Acquired

Blum

Fun crypto trading app

GOAT Gaming

Telegram-based AI gaming platform

Oshi

Anime ecosystem

Fraction AI

AI Web3 platform for model training

GAIB

The Economic Layer for AI & Compute Future

TAC

TON network extension

Echo Protocol

Bitcoin Liquid Re-staking • Yield Infrastructure

Puffpaw

Vape 2 Earn to quit smoking

Pentagon Games

Digital experience interactive platform

Payman

AIs payment solution

Sentient

AI development platform

Redacted

Web3 entertainment ecosystem

Supervillain Labs

Web3 Game Studio

Aria

RPG game

Overworld

Cross-Platform Multiplayer RPG

Puffverse

A dreamland Metaverse with a comprehensive ecosystem

Wild Forest

Web3 strategy PvP game

Uncharted

GameFi Ecosystem

Avalon

Interoperable digital universe

The Bornless

FPS Horror game

Pallet Exchange

The Premier Sei Native Marketplace

Karma3 Labs

Reputation infrastructure

WELL3

Wellness 3.0 Powered by Blockchain & AI

Pixelmon

Open World RPG NFT game

Forgotten Playland

Web3 social games

L3E7

Open world RPG game

Wind

Non-custodial wallet

Sleek

Web3 social platform

Stackr Labs

Modular SDK for building micro-rollups

Gleen AI

Generative AI for customer success teams

Tribe3

Gamified NFT Futures DEX

MetaGravity

Scalable compute infrastructure for the metaverse

Kaidro

Post-apocalyptic sci-fi universe

OPEN

Comprehensive SuperApp

NFTically

White-label NFT Marketplace

Gateway

The Decentralized Private Computer

MSafe

Multi-signature wallet solutions on Move ecosystem

Pine Protocol

Lending and borrowing protocol

NF3

NFT swaps & options platform

Saros Finance

DeFi product suite

Tapio Protocol

Synthetic asset protocol

Sherlock

Audits backed by smart contract coverage

MynaSwap

Trading and vaulting platform for collectibles

Suberra Protocol

Omnichain payments for Web3

NFTG

Building the future of immersive NFT experiences

Unlockd

Cross-chain NFT liquidity protocol

Datawisp

No-code data exploration & analysis tools

CLST

The institutional gateway to lend and borrow digital assets

Mighty Action Heroes

Web3 Arena Battler

Taker Protocol

Yield scaling layer for Bitcoin

Zigazoo

Children's social NFT education platform

Chillchat

Pixel art NFT metaverse

CharmVerse

All-in-one DAO Operations Platform

Mero Finance

Reactive liquidity protocol

Froyo Games

A multi-chain GameFi infrastructure

Doppel

Detecting NFT Fraud

Coinshift

Treasury management and infrastructure platform

Ape Board

Multi-chain DeFi dashboard

Acquired

Metakey

Interoperable NFT Innovator

PleasrDAO

A DAO that collects NFT works

Legends of Elumia

P2E massively multiplayer online roleplaying game

TiTi Protocol

Algorithmic Stablecoin Protocol

DEFY

Building the next generation NFT tools and platforms

Composable Finance

The interoperable infrastructure for Modular DeFi

ALTAVA Group

Metaverse company digitizing high-fidelity fashion branded assets

WingRiders

Cardano-based DEX

Nifty League

Bringing competitive gaming to Web3

Cradles

Prehistoric metaverse game

Ntropika Labs

Research and Development team specializing in Web3

Summoners Arena

Multi-type P2E game world

Airwaive

Decentralized wireless broadband platform

Galaxy Fight Club

Cross-IP PvP game for the NFT Universe

Perion

Web3 gaming centric DAO

Fan Controlled Sports

Professional sports league controlled by fans

Lootex

Cross-chain NFT trading platform

Concept Labs

NFT publisher

Sacred

Web3 social platform

Metaversal

NFT Investment Studio

B.Protocol

Liquidity protocol for a decentralized lending platform

Breadcrumbs

Blockchain visualizer and analytics tool

Starly

NFT launchpad and marketplace

MOBLAND

Mafia-themed metaverse

BlockchainSpace

Enabling play-to-earn guilds to scale in the metaverse

Open Meta

Building Open Metaverse

Wonderverse

DAO native tool

Pulsr

NFT discovery engine

Syndica

Scalable infrastructure for Solana

DeNet

Decentralized Storage Protocol

OliveX

Gamified fitness experiences on the blockchain

OP Games

Creating competitive community owned games

Snickerdoodle

Creating the cookie of web3 to empower people, brands and data

Jenny

Metaverse DAO and social token on Unicly

BENQI

Liquidity market protocol

Delta Exchange

Cryptocurrency derivatives exchange

Siren

Decentralized options protocol

Union Finance

A credit protocol built on Ethereum

Horizon Finance

Decentralized Interest Rate Markets

The Harvest

Third-person shooter with MOBA and Battle Royale elements

D.G.Pals

Web3 Gaming Project

Spot Zero

3D Adventure ARPG

Alliance Games

Web3 gaming infrastructure

Digital Entertainment Asset

GameFi platform

Opulous

Web3 Music Solutions

PlayMining

GameFi platform

Good Games Guild

Gaming hub focus on blockchain-based games

Lunchbox

Indie studio working on a revolutionary new MOBA

Slope Finance

Mobile gateway to Web3

Bribe Protocol

Decentralized governance voter incentive protocol

Kine Protocol

Decentralized derivatives protocol

StarkPlay

On-Chain Game & Creative Studio

VAST

Multimedia NFT Marketplace

MARA

African crypto platform

Bastion

The Liquidity Foundation of Aurora

CafeCosmos

P2E tycoon game about operating and managing a café

SolChicks

NFT Powered Fantasy Game on Solana

ClayStack

Liquid staking protocol

Fuji Finance

Borrowing aggregator

NAOS Finance

Decentralized real-world asset lending protocol

Tidal Finance

Decentralized Insurance Market

Horizon Finance

Decentralized interest rate market protocol

DinoSwap

Cross-chain infrastructure projects

HaloDAO

Decentralized application platform

Solstarter

IDO platform on Solana

Name	Round	Amount	Valuation	Date
Immortal Rising 2IMT	--	$ 3 M	--	Mar 24
Spot Zero	Pre-Seed	$ 4 M	--	Mar 24
Blum	--	$ 5 M	--	Feb 11

Chainwire Jan 17, 2024

Spartan Group announces $200 million metaverse fund with an emphasis on 'digital ownership'

The Block Mar 08, 2022

Spartan Group, buoyed by institutional interest, closes a $110 million DeFi fund

The Block Jun 07, 2021

Spartan Group Launches Venture Fund for Emerging DeFi Ecosystems

Coindesk Feb 09, 2021

Investment Overview

Rounds in the past year

46

Total rounds

243

Portfolio Numbers

246

Lead Investment

43

The Spartan Group

@TheSpartanGroup

Influence Index 1289

Followers 71.4 K

Following 914

Top Followers

+458

Significant Events

Mar 09, 2022

Spartan Group announces $200 million metaverse fund

Jun 08, 2021

Spartan Group closes a $110 million DeFi fund

Cooperations

DeFiance Capital

29 Rounds

CMS Holdings

27 Rounds

Mechanism Capital

24 Rounds

Coinbase Ventures

23 Rounds

Hashed

22 Rounds

HashKey Capital

22 Rounds