# Sky Mavis

Sky Mavis is a Blockchain Gaming Studio based in Singapore, Singapore.

## Overview

- **Organization type:** Blockchain Gaming Studio
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore, Singapore
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** skymavis.com
- **LinkedIn:** https://www.linkedin.com/company/skymavis

## Regulatory record

- **Reports private funds:** No

## About

Sky Mavis was founded in 2018 by Trung Nguyen, Aleksander Leonard Larsen, Kyrylo Dubovyk, and Jeffrey Zirlin. The team originally built a blockchain-based digital pet game in Ho Chi Minh City, later moving operations to Singapore and Hong Kong as the player base grew. Wealth origin stems from the founders' prior work in tech and an early seed round led by internet investors. The firm operates at the intersection of gaming, blockchain infrastructure, and digital ownership. Its primary product, Axie Infinity, is a play-to-earn game where players collect, breed, and battle NFT-based creatures called Axies. Sky Mavis also developed Ronin, a dedicated Ethereum sidechain that handles transactions at a fraction of mainnet costs. As of May 2026, Ronin processes over 2 million daily active addresses per the firm's public dashboard. The team invests in complementary web3 gaming projects through its Sky Mavis Ventures arm, with known positions including the web3 game project Parallel and infrastructure provider LayerZero. Sky Mavis employs roughly 200 people across Singapore, Vietnam, and Hong Kong, per public reports. The firm has raised over $300 million from venture capital firms including Andreessen Horowitz, Paradigm, and Accel (per the firm, 2021). May 2026: Launched the Ronin zkEVM public testnet, a zero-knowledge rollup upgrade designed to improve transaction throughput (per firm's official communications). Structurally, Sky Mavis is a product company, not an investment office — its financial operations are aligned with its game and chain revenue streams. The firm operates an in-house venture arm, Sky Mavis Ventures, which makes direct equity and token investments in early-stage web3 gaming studios. This dual structure — building core infrastructure while also deploying capital — is rare among blockchain-native firms.

## Sectors

- AI/ML
- Gaming
- Infrastructure

## Offices

- Hong Kong, Hong Kong
- Ho Chi Minh City, Vietnam

## People

- Trung Nguyen — Chief Executive Officer
- Aleksander Leonard Larsen — Chief Operating Officer
- Kyrylo Dubovyk — Chief Technology Officer
- Jeffrey Zirlin — Co-Founder, Growth Lead

## Questions

### Who runs investment decisions at Sky Mavis?

Sky Mavis operates a venture arm, Sky Mavis Ventures, which makes direct investments in early-stage web3 gaming studios. The firm's co-founders — Trung Nguyen (CEO), Aleksander Leonard Larsen (COO), and Jeffrey Zirlin (Growth Lead) — collectively evaluate venture opportunities alongside a dedicated investment team. Investment decisions are primarily driven by strategic alignment with Sky Mavis's gaming ecosystem and Ronin blockchain.

### How does Sky Mavis source proprietary deal flow?

Sky Mavis sources deals primarily through integration with its own platform. Game studios that build on the Ronin blockchain or integrate Axie Infinity assets become natural pipeline for the firm's venture arm. The team also maintains relationships with major crypto venture firms such as Andreessen Horowitz and Paradigm, who co-invest alongside Sky Mavis on occasion. Public sources note the firm screens several hundred projects annually, but specific sourcing numbers are not disclosed.

### What investment stages does Sky Mavis typically target?

Sky Mavis Ventures focuses on early-stage investments, predominantly Seed and Series A rounds for web3 gaming studios and infrastructure projects. The firm has also participated in later-stage token sales and strategic token purchases. Known investments include the web3 game Parallel and cross-chain protocol LayerZero, which spanned seed and Series A stages.

### Which sectors does Sky Mavis explicitly avoid?

The firm avoids investing in non-gaming blockchain projects, DeFi protocols, and centralized exchange-related ventures. Its mandate is strictly focused on web3 gaming, play-to-earn mechanics, and gaming infrastructure. Sky Mavis also avoids projects that rely on speculative token economics without demonstrated in-game utility.

## Related profiles

- [Snap Inc.](https://altss.com/profile/snap-inc)
- [Hexa](https://altss.com/profile/hexa)

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Last updated: 2026-06-03T20:00:00.000Z

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