Everest Ventures Group (EVG) is a venture builder based in Hong Kong that focuses on driving the mass adoption of Web3, blockchain technologies, and digital assets. Founded in 2018, EVG has established itself as a significant player in the Web3 ecosystem, acting as both an investor and a venture studio. The company's core mission is to help shape the future of digital interaction by leveraging its experience and providing strategic guidance to founders and projects.
What the Company Does
EVG operates as a venture builder, meaning it not only invests in companies but also actively participates in building and launching them. The group has a global team of over 300 in-house builders and has incubated more than 15 projects across various sectors. Its model involves fostering long-term alliances between its incubated projects and its portfolio companies, creating a vast ecosystem of over 5 million total users. The company has been involved in over $1 billion in fundraising and M&A, which has accelerated the growth of its products and portfolio companies.
EVG's expertise is deeply rooted in the blockchain and Web3 space. The firm and its leadership have a background in traditional venture capital and TMT (Technology, Media, and Telecom) but have pivoted to focus on the emerging digital asset economy. EVG's approach is to work with mission-driven businesses in high-growth regulated markets, with a particular focus on the following areas:
SocialFi: Building on-chain social economies.
GameFi & Culture: Creating sustainable and engaging Web3 games.
FinTech & Funds: Channeling liquidity into digital assets and Web3 projects.
AI: Developing AI-powered solutions within the Web3 space.
Products and Services
As a venture builder, EVG?s "products" are the companies and platforms it builds and incubates. It provides a range of services that support these entities, from early-stage development to market launch and growth. The company has a diverse portfolio of products designed for the future of digital interaction.
Incubated Projects and Portfolio Companies:
SocialFi:
Edgen: An LLM-powered market intelligence hub.
Deek: A SecretFi platform on the Berachain network.
SoMon: A Web3 version of Reddit with a focus on true ownership.
BreadnButter: A social app on the BNBchain.
Kikitrade: A cryptocurrency social investing platform.
GameFi & Culture:
Mugen: A production partner for mainstream gaming studios.
Legend of Arcadia: A next-generation casual strategy card game.
LiveArt: A tokenization platform that democratizes fine art.
FinTech & Funds:
Aspen Digital: A crypto asset manager that serves family offices and institutions.
Summer Ventures: A venture fund that invests across various stages and sectors.
Adaverse: A venture fund that backs founders and GPs in Asia, Africa, and the Middle East.
Investment Philosophy and Services
EVG's investment strategy is highly focused on Web3, with a portfolio of over 150 projects. The firm and its co-investors, such as Animoca Brands and Fenbushi Capital, have contributed to a significant number of unicorn companies. EVG provides support beyond just capital, offering strategic guidance and a global network of partners to help its portfolio companies scale.
The company's investment and advisory services include:
* Venture Capital: Investing in early-stage Web3 projects.
* Venture Building: Providing hands-on support in product development, operations, and market strategy.
* Fundraising and M&A: Leveraging its global capital network to accelerate growth for its projects and portfolio companies.
EVG's approach is to identify and support high-quality projects across key verticals, including technical infrastructure, social infrastructure, decentralized finance (DeFi), and decentralized consumer applications. By acting as a venture builder, Everest Ventures Group plays a critical role in shaping the evolution and adoption of Web3 technologies on a global scale.
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