Difference between revisions of "Three Arrows Capital (3AC)"

Revision as of 05:32, 30 May 2022

Basics

Singapore based (21-10-2020).
Founded in 2012.

Investments

Aave. Helped (15-7-2020) raise $3M for Aave.
Aptos; took part in their $200m strategic round (15-3-2022).
Avalanche; Polychain and Three Arrows lead $230m investment in Avalanche (17-9-2021).
Balancer; part of a $12M funding round (2-2021).
Bastion; part of the $9M Series A raise, announced on the same day as its token got launched (21-4-2022).
Bitcoin. Bought (4-1-2021) shares within the Bitcoin Trust of Grayscale: "The fund now owns nearly 38.9M shares, representing more than $1.31 billion in value."
Bonfida; participated in a $4.5M seed round (15-10-2020).
DerivaDEX. Is one of the backers in a $2.7M raise for DerivaDEX (2-7-2020).
dHedge; one of the investors according to their blog (2-11-2020).
DODO. Participated in a $5M raise for DODO (15-10-2020).
dYdX; participated in the Series B round of $10M (26-1-2021).
ETH; reportedly bought $400 million worth of ether 8-12-2021, this came just after Zhu has been highly critical of Ethereum. From CoinDesk: "The move is especially notable given Zhu’s recent disavowal of Ethereum, claiming “zero newcomers can afford the chain” because of its high transaction fees. Zhu said in a Telegram chat with CoinDesk that the hedge fund is bullish on ETH because the macro environment has become calmer and that “both U.S. and Chinese stock markets are healthy.”
Gitcoin. Is one of the funders (18-10-2020) of Gitcoin Grant round 7 (and possibly continues to do so).
KeeperDAO. Led a "seven-figure" seed round for KeeperDAO (31-7-2020).
Mina. Helped raise $10.9M for Mina (21-10-2020). Led a $92M raise on 17-3-2022.
Nerve Finance; part of a $2M token OTC (12-4-2021).
Perpetual Protocol; part of a $1.8M private sale (8-2020).
StarkWare; part of a $75M raise (24-3-2021). Took part in the Series C raise of $50m (17-11-2021).
SushiSwap; one of the biggest LPs, besides Alameda (30-10-2020).
Switcheo raised $1.2M from them, among others (5-11-2020).
Synthetix. Is an institutional liquidity provider in Synthetix (23-7-2020).
Tranchess; part of the $1.5m seed round (5-7-2021).
Worldcoin; one of the many VCs who participated in this controversial project (24-10-2021).
Yearn. Purportedly purchased 133 YFI (2-11-2020).

Team

Su Zhu; CEO
Kyle Davies
Is a member of CDA (8-7-2020).

@@ Line 8: / Line 8: @@
 *[[Avalanche (AVAX)|Avalanche]]; [[Polychain]] and [[Three Arrows Capital|Three Arrows]] lead [https://www.theblockcrypto.com/post/117895/polychain-three-arrows-capital-lead-230-million-avalanche $230m investment] in Avalanche (17-9-2021).
 *[[Balancer (BAL)|Balancer]]; part of a $12M [https://yieldfarmer.substack.com/p/defi-pulse-farmer-28?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozMjUxMzQ1MCwiXyI6InFmb2Z2IiwiaWF0IjoxNjEzNjMwMjk1LCJleHAiOjE2MTM2MzM4OTUsImlzcyI6InB1Yi0zODQ1MSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.Z0JR7yJxUbQSCRL07x7HRdnOJv funding round] (2-2021).
+*[[Bastion Protocol (BSTN)|Bastion]]; part of the [https://twitter.com/bastionprotocol/status/1517169392294916096 $9M Series A raise], announced on the same day as its [[token]] got launched (21-4-2022).
 *[[Bitcoin]]. [https://decrypt.co/53121/three-arrows-capital-grayscale-bitcoin-trust-holdings-1-3-billion Bought] (4-1-2021) shares within the Bitcoin Trust of [[Grayscale]]: ''"The fund now owns nearly 38.9M shares, representing more than $1.31 billion in value."''
 * [[Bonfida]]; [https://www.theblockcrypto.com/linked/87811/decentralized-exchange-bonfida-seed-round participated] in a $4.5M [[seed]] round (15-10-2020).