GGV Capital is a global venture capital firm that separated into two distinct firms and separate brands as of March 29, 2024. The Asia partnership, Granite Asia, is headquartered in Singapore and invests in the APAC region, including Southeast Asia, Japan, China, India, and Australia. The U.S. partnership, Notable Capital, is based in Silicon Valley with offices in San Francisco and New York, and invests in the U.S., Israel, Europe, and Latin America.

GGV Capital

Founded in 2006, Qiming Venture Partners is a leading China venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong in China, and Singapore. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages. Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.

Qiming Venture Partners

Alliance is the leading Web3 accelerator and founder community.

Alliance DAO

SevenX Ventures is an independent thinker and tech-driven cryptocurrency investment firm that provides insights and operational expertise to help blockchain startups in growing.

SevenX Ventures

IVC (Infinity Ventures Crypto) is a Web3 venture capital firm that invests in pioneering game, Web3, infrastructure, and DeFi projects. IVC leverages its global connections to innovate, build, and propel forward the next generation of founders.

Infinity Ventures Crypto

Mirana

Smrti Lab operates as a venture studio and investment fund.

Smrti Lab

a technology venture capital firm supporting the next generation of founders advancing the development of web3

Artichoke Capital

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committed to exceptional returns for investors through actively managed portfolios of these blockchain assets.

Polychain

Offchain Labs develops a solution for scaling Ethereum smart contracts.

Offchain Labs

Robot Ventures is a (pre-)seed investor in exceptional fintech and blockchain companies led by founders with big ambitions, and contrarian worldviews.

Robot Ventures

zkValidator provides cryptography research across a range of blockchains.

zkValidator

Bankless Ventures is an early-stage Web3 fund empowering pioneers to explore the frontier of Web3.

Bankless Ventures

Clique

The Clique Compute Coordination Network organizes various heterogeneous compute resources, allocating them as needed by both general applications and smart contracts. This includes co-processors for performing verifiable compute on top of on-chain data, oracles for bringing in data from any internet data source, and specialized hardware for privacy, AI, and secure computation. This allows applications to access different compute resources and data easily, with the ability to adjust for preferences around trust, privacy, performance, and cost. We've raised 11M+ from Polychain, GGV, and others.

Clique offers an identity oracle protocol that provides users with a range of heterogeneous encryption and compute solutions for on-chain and off-chain applications. The platform provides a range of solutions that leverage technologies such as zero-knowledge proofs (ZKP), trusted execution environments (TEE), and AI-based computing, which can be organized and allocated based on the requirements of each app. Users can then leverage these resources to build customizable applications with different properties like privacy preservation, verifiability, and AI optimization, among others.&nbsp;

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

Meet Clique: An Identity Oracle That Brings Web2 User Behaviors to Web3

Clique offers an identity oracle protocol that provides users with a range of heterogeneous encryption and compute solutions for on-chain and off-chain applications. The platform provides a range of solutions that leverage technologies such as zero-knowledge proofs (ZKP), trusted execution environments (TEE), and AI-based computing, which can be organized and allocated based on the requirements of each app. Users can then leverage these resources to build customizable applications with different properties like privacy preservation, verifiability, and AI optimization, among others.&nbsp;Moreover, the platform also enables users to utilize their own specialized hardware compute nodes for targeted use cases or offer their unused compute resources to the network and earn rewards.&nbsp;Key customers and partnershipsAs of March 2024, Clique has enabled over USD 3.5 billion in on-chain transactions and served over 750,000 end users across the Web3 industry. Moreover, it served over 500 businesses, including Sony Music US, Trip.com, Aave, Eigenlayer, Sushiswap, Velodrome, and Synthetix.&nbsp;During the same period, its blockchain ecosystem partners included Arbitrum, Optimism, Linea, Mantle, and Ronin, among others.Funding and financialsIn March 2024, Clique<a href="https://sp-edge.com/updates/27586"> secured USD 8 millio</a>n in Series A funding led by Polychain Capital.

BlockCypher is an enterprise company specializing in blockchain technology. The company’s cloud-based platform helps enterprises build blockchain applications with web APIs and callbacks. BlockCypher's APIs enable users to interact with multiple blockchains and retrieve data from blocks, receive notifications about unconfirmed transactions, and request multiple signature transactions​.In terms of product offerings, BlockCypher's primary service is its cloud-based platform. The platform's design is blockchain-universal, enabling its compatibility with any blockchain. This versatility permits BlockCypher to support numerous enterprise scenarios, including supply chain oversight, financial transactions, and record maintenance.Key customers and partnershipsBlockCypher and the National Renewable Energy Laboratory (NREL) partnered in June 2018 to showcase secure peer-to-peer energy transactions using the blockchain, forming the foundation for a distributed energy marketplace. This collaboration opens up new value streams for customers and utilities by reducing the need for a central arbitrator.

BlockCypher

Bloq's products are designed to accelerate blockchain development and deployment, catering to individual developers, startups, and enterprises. Focusing on enterprises, the company’s solutions are offered through the Bloq platform, which includes tools for exchanges, wallets, data and analytics, and custody providers.The company provides managed blockchain cloud services that consist of three primary services: Connect, Nodes, and Stake. Connect is a blockchain API service that accelerates the development of real-time connectivity to popular blockchain networks and access to additional blockchain data services. Nodes offers private, fully managed clusters of nodes to access popular public blockchain networks. Stake provides infrastructure and API endpoints to allow users to create validators and start staking, with support for Ethereum and Avalanche networks​​.Key customers and partnershipsThe company's timeline of innovation includes major milestones such as delivering Fidelity’s first bitcoin wallet in 2016, launching BloqLabs in 2017, and working with Citibank on a Universal Node for digital assets in 2018. In recent years, Bloq has launched BloqCloud, a managed node and API service. It also partnered with Lumerin project to tokenize hashpower and founded Atmos Labs to develop metaverse-native sports​​.Bloq’s key enterprise customers include Discover, Citigroup, Foxconn, Barclays, Fidelity, and Circle.

Bloq

Dragonchain offers a blockchain-based, language-agnostic enterprise solutions that includes a Learning Management System. Some of the solutions include 1) Lyceum, which provides traceable proof-of-course progress, completion, scoring, continuing education units, and certification, along with a GDPR- and CCPA-capable identity management platform; 2) Factor, which enables secure PII storage and streamlined authentication; and 3) A FinTech suite that supports regulatory compliance. Dragonchain’s products are quantum-safe and the proof of every transaction is secured to bitcoin, Ethereum, and other blockchain networks.In January 2020, Dragonchain was able to execute over 260 million transactions on a business system in just 24 hours. The test was run on 520 active nodes with a utilization rate of below 2%; it was estimated that at full capacity, the platform could execute approximately 13 billion transactions.The company’s solutions can be used across a range of industries, including healthcare, FinTech, government, and supply chain management. Most use cases focus on using the platform for information gathering and management, with a priority on accurate and real-time information availability.Key customers and partnershipsThe company has worked with a range of customers including Snohomish County in the US, Beaxy, Knowledge Perk, and SafePass.

Dragonchain

BlockApps is a leading provider of blockchain solutions that helps businesses enhance transparency and trust in their transactions. BlockApps' key product, STRATO, is a BaaS platform compatible with Ethereum, which is designed for business network transactions and activities, adhering to the standards of the Enterprise Ethereum Alliance (EEA). It can be deployed on multiple cloud providers, integrated with various systems, and is configurable for a range of business activities. It is primarily used for building business networks with a focus on enhancing security, performance, trust, and transparency. STRATO's capabilities include tokenizing real-world assets, incorporating transparency data, and creating value chain incentives. It offers a suite of features including data privacy controls, network governance, scalability, APIs for third-party integration, audit and reporting tools, data migration facilities, identity management using existing enterprise sign-on systems, consensus mechanisms, developer tools, application portability, and the ability to use existing enterprise data models.Key customers and partnershipsIn 2016, BlockApps collaborated with ConsenSys and BHP Billiton to deploy its first production application. In the same year, it built enterprise Proof of Concepts (POCs) with John Hancock and Upgraded (now Ticketmaster).BlockApps announced an initiative with ARC, United Airlines, and Blockskye in 2018 and also launched the STRATO platform on all major cloud providers by partnering with Google and Amazon Web Services.In September 2021, it launched TraceCarbon, a CO2 ecosystem management application, supporting sustainability traceability.Funding and financialsIn April 2022, BlockApps raised USD 41 million in funding through a round led by Liberty City Ventures. The company intended to use the funding to enhance its go-to-market strategy, expand its team, help businesses expand in its blockchain ecosystem, and bring more real assets to the STRATO platform.

BlockApps

Cryptowerk is an enterprise blockchain company that offers blockchain-as-a-service, allowing organizations to create a tamper-proof chain of custody for their digital assets and enabling them to prove authenticity at scale​​. Cryptowerk's solutions are used in multiple industries, including aerospace and defense, automotive, pharmaceuticals, software, and utilities​​.The company's primary product is Cryptowerk HORIZON. This software creates tamper-proof records of digital assets that can be sealed in public or private blockchains up to one million times per second. These digital "fingerprints" can then be compared to the original data to verify authenticity. Cryptowerk HORIZON is offered as a REST API. The product is available for cloud-based deployment and supports various organizations including midsize businesses, small businesses, enterprises, freelancers, nonprofits, and government entities​​.

Cryptowerk

Companies that offer blockchain-based solutions that enable users and companies to track price, date, location, quality, and other relevant information for supply chain management

Companies and protocols that leverage blockchain technology to act as content delivery networks (CDNs) or provide content sharing solutions

Companies that leverage blockchain technology to offer databases, query services and data sharing

Companies that offer blockchain-enabled Internet-of-Things (IoT) development platforms for building networks and transferring IoT device data

Companies that leverage blockchain to protect and manage digital intellectual property (IP) rights

Companies that leverage blockchain technology to provide cybersecurity and identity management solutions for enterprises

Companies and protocols that offer industry and context specific blockchain-based solutions for enterprise applications

The blockchain-as-a-service segment operates under a B2B SaaS model

Companies offering blockchain-enabled tools to build IoT networks/supply chain traceability solutions for smart factories

Includes companies that offer blockchain-enabled tools to build IoT networks and transfer IoT device data

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

ANALYST_QUICK_TAKE

<div>
 
 Clique, a blockchain infrastructure platform, has acquired $8 million in Series A funding from several contributors including Polychain Capital. This investment round increases the company's total funding to $8 million.
 The company provides an identity oracle protocol, delivering various encryption and computer solutions for on-chain and off-chain applications. Their platform leverages technologies such as zero-knowledge proofs (ZKP), trusted execution environments (TEE), and AI-based computing which can be tailored to each application's specific needs.
 
</div> Analyst QuickTake: 
 Clique offers a similar solution to <a href="https: 
//sp-edge.com/companies/1047913"> Zama </a> , a blockchain data encryption company, that <a href="https: 
//sp-edge.com/updates/27399"> raised USD 73 million </a> in Series A funding last week. While Clique is comparatively much smaller in terms of funding, it aims to differentiate itself by offering a broader range of solutions which includes verifiable compute services on top of on-chain data, oracles for bringing in data from any internet data source, and specialized hardware for privacy, AI, and secure computation.

Clique

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