IOSG Ventures is an investment and research firm focused on blockchain/cryptography with offices in Singapore and Shenzhen, China. The company was founded in 2017 by Jocy Lin, the former co-founder of blockchain protocol Zilliqa, who joined IOSG Ventures as a partner in late 2020. In its early years, IOSG focused on funding Layer1 projects and became one of the major investors in Polkadot and Near Protocol. However, between 2019 and 2020, as the decentralized finance (DeFi) space began to flourish, IOSG began to focus more on DeFi and the middleware solutions that provide the infrastructure and support for DeFi. IOSG closed its second fund in June 2021, raising $80 million. The second fund plans to deploy more in Defi, NFT/social tokens, Layer2, etc. IOSG is also studying new companies emerging from the Near and Polkadot ecosystem, and plans to launch a Polkadot-themed fund. The firm's active portfolio includes at least 64 startups and deals across 12 verticals.