LuneX Ventures

LuneX spun out of Golden Gate Ventures in 2018 when Kenrick Drijkoningen, then a partner at Golden Gate, proposed a separate crypto-focused vehicle. Golden Gate became the anchor LP for LuneX's first fund, providing back-office infrastructure and regional deal access while granting LuneX full investment independence. The two firms share a Singapore office but operate separate investment committees and fund structures.

LuneX deploys through both equity and token instruments — writing traditional venture equity checks alongside SAFT agreements and direct token purchases. This dual-structure approach lets the firm hold positions through liquidity events that pure-equity VCs cannot access, while still securing board rights and governance in core infrastructure deals.

The firm writes initial checks between $250,000 and $1 million, typically at seed or Series A stages. While the mandate includes follow-on reserves, LuneX publicly positions itself as a first-check investor in early-stage blockchain infrastructure and decentralized application projects.

Southeast Asia forms the core geographic focus — deals like Bitkub in Thailand and Band Protocol, founded by Thai developers — but the fund casts a global net when sourcing through crypto-native networks. Confirmed investments include teams based in Europe and North America alongside Asian-founded projects.

Kenrick Drijkoningen serves as Founding Partner and primary decision-maker for the fund. He previously sourced blockchain deals within Golden Gate Ventures before spinning LuneX out as an independent manager, and he remains the public face of the firm's investment thesis and LP communications.

LuneX operates as a direct investment vehicle — writing checks into operating companies and protocol teams rather than committing to other crypto funds. There is no public record of the firm acting as a limited partner in third-party venture or hedge fund structures.

LuneX's public commentary and portfolio composition suggest the firm stays away from speculative token trading, NFT collectibles, and blockchain projects without a clear infrastructure or middleware thesis. The portfolio clusters around developer tooling, data availability layers, and regulated exchange infrastructure, implying a deliberate screen for technical utility over consumer hype.