LuneX Ventures

LuneX Ventures is a Singapore-based cryptocurrency and blockchain venture capital fund founded in 2018, spun out of Golden Gate Ventures as the first dedicated crypto VC fund in Southeast Asia. The fund was founded by Kenrick Drijkoningen, previously Head of Growth at Golden Gate Ventures, and is now in partnership with Play Ventures. LuneX launched with a $10 million fund and a global mandate to invest exclusively in high-growth blockchain companies and cryptocurrency assets, with capital allocated equally across token sales, existing token purchases, and equity-based investments in crypto projects. The firm invests at seed and Series A stages with typical check sizes of $1 million to $5 million. As of 2025, LuneX has invested in 36 companies across blockchain technology, fintech, AI, and security sectors. The portfolio includes two unicorns: Binance, the world's largest cryptocurrency exchange, and Bitfinex. Other notable investments include Merkle Science, a blockchain analytics platform, and Fleek, a software development platform. ARK Capture Solutions was the most recent investment as of March 2025. The fund has seen 1 IPO and 4 acquisitions, with Keyless — a biometric security company — acquired by Ping Identity in January 2026 as the most recent exit. LuneX Ventures operates with a global investment mandate while headquartered in Singapore, giving it a regulatory foundation and regional network that complement its backing from the Golden Gate Ventures ecosystem. The fund focuses on early-stage deals where blockchain infrastructure and protocol development intersect with real financial applications, while its parent Golden Gate Ventures handles later-stage growth investing across Southeast Asia.