Stage FocusSeed, Series A, Series B+
GeographyMENA
TypeVC
Last Activity2025
Industry Focus
Industries
Crypto / Web3
Technical BenchStrong
Investor TypeDeepTech Specialist
ExposureSome DeepTech Investments
Bio
Token Bay Capital was founded in 2021 by Lucy Gazmararian, operating from dual bases in Hong Kong and Abu Dhabi — two of Asia and the Middle East's most crypto-forward jurisdictions. The portfolio of 27 investments includes 2 unicorns (Animoca Brands and Yuga Labs), with a focus across five sectors: infrastructure, financial services, metaverse/NFTs, DeFi, and SocialFi. Primary focus on seed ($5.8...
Notable Investments
A
Animoca BrandsY
Yuga LabsT
TaikoS
SupraZ
Zodia MarketsSimilar Funds
Ghaf Capital Partners
Dubai, United Arab Emirates
DeepTech NativeCrypto / Web3SeedSeries A
DWF Labs
Singapore, Singapore
DeepTech NativeCrypto / Web3SeedSeries A
Kenetic
Hong Kong, Hong Kong
DeepTech NativeCrypto / Web3Pre-SeedSeed
Pantera Capital
San Francisco, United States
DeepTech NativeCrypto / Web3AI InfrastructureSeedSeries A
The Spartan Group
Singapore, Singapore
DeepTech NativeCrypto / Web3SeedSeries A
Animoca Brands
Hong Kong, Hong Kong
GeneralistCrypto / Web3AI InfrastructureSeedSeries A