Stephen Yang

Founder of Web3 Capital Building the On-chain Capital Network for Web3 + AI Connecting Projects, Capital, and Global Ecosystems

📍 Haidian District, Beijing, China🔄 Updated September 2026💼 16 investments📅 12 years investing🗓 Last invested Oct 2023
Operator-angel🌍 China
16
Total investments
6
Early stage
2
Mid stage
1
Late stage
12y
Years active

Portfolio

16 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor
Oct 2023
Avara is a software technology company, renowned for building innovative web3 products based on blockchain technologies. Founded by Stani Kulechov, we’ve developed the battle tested Aave Protocol, the Aave-native stablecoin GHO, and Lens, the decentralized social networking protocol. With strategic acquisitions including the metaverse app, Sonar, and Family crypto wallet, Avara is dedicated to realizing a people-powered internet that benefits everyone. Learn more at avara.xyz.
Investor
Oct 2023
The high performance network powering internet capital markets, payments, and crypto applications.
Investor
Oct 2023
Avalanche is a high-performance blockchain platform designed for builders who need to scale. Engineered with a revolutionary three-part Layer 1 (L1) architecture, Avalanche is anchored by its Avalanche Consensus Mechanism, ensuring near-instant finality for transactions. The platform also features an open-source framework, enabling the seamless creation of interoperable Layer 1 blockchains with high throughput on both public and private networks.
Investor
Oct 2023
Uniswap Labs builds products that help millions of people access DeFi simply and securely - from the Uniswap Web App and Wallet to crypto infrastructure like the Uniswap Trading API and Unichain. We also contribute to the Uniswap Protocol, which has processed over $4 trillion in volume across thousands of tokens on Ethereum and 15+ other chains.
Investor
Dec 2022
Aptos Labs is a premier Web3 studio of engineers, researchers, strategists, designers, and dreamers building on Aptos, the Layer 1 blockchain built with safety and user experience in mind, enabling developers to build scalable, future-proof applications. We are committed to developing products and applications on the Aptos blockchain that redefine the Web3 user experience. Our team of accomplished technical experts is dedicated to creating better network tooling and seamless usability to bring the benefits of decentralization to the masses. Learn more at http://www.aptoslabs.com.
Investor
Aug 2021
The Open Network Foundation acts in the interests of the community by supporting initiatives that help achieve The Open Networks mission.
Seed Investor
Jun 2021
SubQuery is pioneering fast, flexible, and scalable decentralised infrastructure, we power Web3s transition to an open, efficient and user-centric future 💻⚡ With SubQuery, developers can focus on their core use case and front-end, instead of wasting time on building a custom backend for data processing. We power teams in Ethereum, Polygon, Base, BNB, Polkadot, Avalanche, Cosmos, Algorand, NEAR & 115+ more ⛓💪 Looking for a job in Web3? Join our fun-loving, always-growing team! Check our job openings here➡ https://subquery.breezy.hr Why choose SubQuery? ✔ You will join an exciting new tech field: crypto & blockchain. ✔ We offer lucrative packages and possibilities for professional development & growth. ✔ You will work with top professionals in the field. We work with hundreds of top Web3 projects. ✔ Your opinion will matter. We have a flat organizational structure so everyone’s ideas are appreciated! ✔ You will have responsible, organized and highly motivated colleagues. ✔ Work hard, party harder. Enjoy a fun and easygoing team culture! ✔ You can work from home or from one of our offices. Were are based in: 🌎Singapore 🌎Auckland 🌎Lisbon Wanna meet the SubQuery team? Check out our employee interviews on our YouTube channel⬇ https://bit.ly/SubQueryTeam Wanna learn how to deploy SubQuery for your Web3 project? Join our Hero Course⬇ https://subquery.coassemble.com/unlock/dOKZW6O#/ Check out our social channels & website⬇ https://linktr.ee/subquerynetwork
Investor
May 2020
Arweave uberizes the traditional web hosting environment, connecting people with spare hard drive space with people that need web hosting. This system offers unparalleled levels of data replication and security for users, as well as financial incentives for participants in the network. Arweave has set the new standard of highly reliable, lightning fast web application hosting at a fraction of the cost of traditional centralised providers. In April 2018, Arweave graduated from the mentorship-driven startup acceleration program at Techstars Berlin. After raising $8.7 million through token sales, Arweave launched its mainnet in June 2018. In January 2019, we launched the permaweb, a permanent serverless web built on top of the Arweave. This is the web you can own and run. Visit our website to learn how you can use Arweave to deploy web apps, archive web pages, mine and much more!
Investor
Jan 2020
Acala is a decentralized finance network powering the aUSD ecosystem. The core product, Acala USD (aUSD), is a decentralized, multi-collateral, crypto-backed stablecoin serving as the native stablecoin of the Polkadot ecosystem. Acala’s Ethereum-compatible blockchain has built-in DeFi protocols for application developers to leverage, including a trustless staking derivative (liquid DOT — LDOT), a decentralized exchange, and the EVM+, a hybrid EVM offering fully Ethereum-compatible development environment plus full compatibility with Substrate.
Investor & Builder
Jul 2019
Polygon Labs is a global blockchain payments company building and operating infrastructure to move money instantly, reliably, and at internet scale, with the mission to move all money onchain. We are building the Polygon Open Money Stack, an open and integrated stack of services and technologies to instantly and reliably move money anywhere, and put it to work. Our infrastructure has facilitated trillions of dollars in onchain value transfer and supported millions of transactions daily for some of the globes largest banks, fintechs, enterprises, and consumer applications.
Investor
Oct 2017
Polkadot is the bedrock for a more open and collaborative web that restores power back to where it belongs—with you. It enables Web3’s biggest trailblazers to launch their ideas at warp speed, with flexible start-up costs and an exceptionally adaptable builder environment. Apps on Polkadot are built on top of a secure, resilient platform where decisions are made by a lively community of DOT holders. With Polkadot, youre not just along for the ride, youre a co-creator with the power to shape the future of our digital world. By making blockchain technology more flexible and collaborative, Polkadot is powering the movement for a better web.
Investor
Oct 2017
The Cardano Foundation is a Swiss-based, not-for-profit dedicated to advancing Cardano as a public digital infrastructure. We collaborate with institutions, businesses, regulators, and policymakers to bring blockchain innovation to diverse industries. The Foundation provides tailored enterprise solutions for traceability, authenticity, and sustainability, aligning with global standards and transforming business models.
Investor
Sep 2017
The market-leading oracle platform bringing the global financial system onchain. Data + Interop + Compliance + Privacy + Orchestration → $28 trillion enabled If you’re interested in helping innovate the inevitable, learn more about available Chainlink Labs careers at chainlinklabs.com.
Investor
Jul 2017
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a product suite that includes the worlds largest digital asset exchange and much more. Trusted by over 200 millions of users worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. Posts are not directed towards UK users.
Angel investor
Oct 2015
MakerDAO is the decentralized autonomous organization that enabled and currently sustains the Maker Protocol, the largest decentralized finance protocol by total value locked that generates and maintains Dai, the first decentralized stablecoin. The Maker Protocol is an open-source smart contract system publicly deployed on Ethereum that anyone can use to generate liquidity by minting the Dai stablecoin. The tokens that sustain the Maker Protocol are MKR for governance, and DAI as the stablecoin * MKR is the governance token used by its holders to vote and decide on proposals that aim to improve or change the system. * DAI is the decentralized stablecoin hard pegged to the US dollar and backed by crypto and legacy finance assets. The Maker Protocol enables this liquidity via three main products: * Maker Vaults: A tool where anyone can deposit crypto assets as collateral and generate Dai as a loan against it. * Peg-Stability Module (PSM): A tool where any user can swap other stablecoins for Dai and vice versa. They can deposit stablecoins and receive Dai at a 1-to-1 rate, or deposit Dai and receive stablecoins held by the PSM at a 1-to-1 rate. * Direct Deposit Module (D3M): A wholesale credit line that provides immediate liquidity in Dai to lending markets in the decentralized finance space such as Aave. All the components that make the Maker Protocol work are supported and sustained by the decentralized, open community known as MakerDAO through a decentralized system of Governance powered by MKR token holders and Delegates. For media inquiry please contact media@makergrowth.com For business and partnership inquiry please contact partners@makergrowth.com
Show all 16 investments ↓
Experience · 19 entries
All (19)
Investments (16)
Founder (3)
2023
Investor
Oct 2023
Avara is a software technology company, renowned for building innovative web3 products based on blockchain technologies. Founded by Stani Kulechov, we’ve developed the battle tested Aave Protocol, the Aave-native stablecoin GHO, and Lens, the decentralized social networking protocol. With strategic acquisitions including the metaverse app, Sonar, and Family crypto wallet, Avara is dedicated to realizing a people-powered internet that benefits everyone. Learn more at avara.xyz.
Investor
Oct 2023
The high performance network powering internet capital markets, payments, and crypto applications.
Investor
Oct 2023
Avalanche is a high-performance blockchain platform designed for builders who need to scale. Engineered with a revolutionary three-part Layer 1 (L1) architecture, Avalanche is anchored by its Avalanche Consensus Mechanism, ensuring near-instant finality for transactions. The platform also features an open-source framework, enabling the seamless creation of interoperable Layer 1 blockchains with high throughput on both public and private networks.
Investor
Oct 2023
Uniswap Labs builds products that help millions of people access DeFi simply and securely - from the Uniswap Web App and Wallet to crypto infrastructure like the Uniswap Trading API and Unichain. We also contribute to the Uniswap Protocol, which has processed over $4 trillion in volume across thousands of tokens on Ethereum and 15+ other chains.
2022
Investor
Dec 2022
Aptos Labs is a premier Web3 studio of engineers, researchers, strategists, designers, and dreamers building on Aptos, the Layer 1 blockchain built with safety and user experience in mind, enabling developers to build scalable, future-proof applications. We are committed to developing products and applications on the Aptos blockchain that redefine the Web3 user experience. Our team of accomplished technical experts is dedicated to creating better network tooling and seamless usability to bring the benefits of decentralization to the masses. Learn more at http://www.aptoslabs.com.
Show all 19 entries ↓
Investment activity
2014–2023 · 16 investments
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