Vinci Labs

Co-founder and General Partner Wen He leads the investment committee. He previously built and led Huobi Eco, the corporate venture arm of HTX, where he managed a portfolio of over 100 early-stage blockchain deals. The firm operates with a lean partnership structure and does not publicly name other investment partners, though its technical co-building model suggests engineering leaders carry substantial influence over due diligence on protocol-level positions.

Vinci does not publicly market a commingled fund vehicle, and its LP base has not been disclosed through regulatory filings. The firm appears to operate a hybrid evergreen structure typical of crypto-native venture operations that combine founder capital, select strategic LPs, and liquid-treasury recycling. Public records have not surfaced a Form D or equivalent fundraising filing, which is consistent with the firm’s private, low-profile posture.

Deal flow originates primarily from Wen He’s deep network within the Asian exchange and protocol-developer ecosystem cultivated during his tenure at Huobi Eco. Vinci maintains technical relationships with core developer teams across major L1 and L2 chains, and its co-building model — where the firm provides tokenomics design and node-infrastructure support — generates early, often pre-round, access to founding teams. Co-investors in its deals have included alumni of a16z Crypto Startup Accelerator.

Vinci focuses on pre-seed and seed rounds, with disclosed follow-on capacity into Series A when a portfolio protocol reaches mainnet or demonstrates network traction. Check sizes have not been publicly disclosed, but the firm’s role as a lead or co-lead in AI-auditing infrastructure rounds suggests deployment capacity in the low-to-mid seven figures for initial entries. The firm prefers token-equity hybrid rounds rather than pure SAFE or equity structures.

Vinci does not typically pursue formal board representation but instead negotiates technical-advisor mandates and, where applicable, validator-node delegation arrangements. For protocols with on-chain governance, Vinci’s engineering team participates in improvement-proposal reviews and network-parameter tuning, which functions as a de facto governance presence without traditional board mechanics.